DUG Options History — February 2018

In February 2018, DUG traded between $677.60 and $860.00. ATM implied volatility averaged 47.7%, placing in the 67.1% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 3.5% (HV 20d: 51.2%). Max pain ranged from $680.00 to $740.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.58.

Notable Days

2018-02-13: Highest Volume — 101 contracts
2018-02-05: Largest IV spike — 35.6% change
2018-02-05: Highest IV Rank — 100.0%
2018-02-09: Largest Expected Move — 18.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$808.79	$677.60	$860.00	$677.60	$846.20
Max Pain	$725.26	$680.00	$740.00	$680.00	$740.00
ATM IV	47.7%	36.3%	63.7%	38.1%	49.4%
Expected Move	13.2%	10.4%	18.3%	10.6%	14.1%
HV 20d	51.2%	32.9%	56.1%	32.9%	56.1%
HV 60d	38.9%	30.6%	42.0%	30.6%	42.0%
IV Rank	67.1%	37.2%	100.0%	66.5%	67.1%
IV Percentile	95.5%	85.7%	100.0%	95.2%	97.2%
Term Structure	-2.3%	-13.8%	14.3%	-0.7%	-10.9%
VWIV	49.3%	37.9%	62.6%	39.6%	57.7%
Skew 25d	-8.9%	-17.5%	3.5%	-4.8%	-17.3%
Skew 10d	-17.1%	-47.0%	5.2%	-9.9%	-47.0%
Call IV 25d	54.8%	40.4%	76.6%	40.4%	69.4%
Put IV 25d	45.9%	32.8%	65.9%	35.6%	52.0%
Bid-Ask Spread %	79.00	38.88	101.52	46.77	89.37
Gamma HHI	0.15	0.11	0.20	0.20	0.17
Net GEX	29.1K	-2.8K	76.0K	753	29.5K
Net DEX	-1.0M	-3.0M	557.4K	557.4K	-1.5M
Net VEX	-7.1K	-10.0K	-4.8K	-4.8K	-7.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.32	0.66	0.44	0.65
Total Volume	68.158	40	101	49	42
Total OI	118.684	82	154	82	112

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-02-01	$677.60	$680.00	38.1%	10.6%	32.9%	66.5%	39.6%	-4.8%	-0.7%	753	557.4K	-4.8K	0.44	46.77	N/A	N/A	34	15	45	37
2018-02-02	$736.40	$680.00	45.8%	12.1%	44.2%	94.8%	43.4%	-6.2%	-0.7%	5.0K	-259.0K	-5.5K	0.60	55.70	N/A	N/A	25	15	46	37
2018-02-05	$789.80	$700.00	62.2%	14.4%	50.1%	100.0%	56.5%	-12.2%	-2.4%	10.0K	-1.0M	-6.1K	0.59	53.01	N/A	N/A	32	19	47	38
2018-02-06	$782.20	$700.00	59.7%	14.0%	50.0%	94.2%	51.0%	-4.2%	1.0%	13.1K	-995.0K	-6.3K	0.33	91.89	N/A	N/A	58	19	56	41
2018-02-07	$804.20	$700.00	52.9%	15.2%	50.5%	77.9%	57.3%	-8.2%	-9.0%	27.0K	-1.2M	-6.6K	0.32	100.23	N/A	N/A	58	19	80	41
2018-02-08	$854.40	$700.00	61.6%	17.7%	53.8%	98.6%	55.0%	-17.5%	-13.8%	67.0K	-2.2M	-6.4K	0.49	88.72	N/A	N/A	61	30	80	41
2018-02-09	$860.00	$740.00	63.7%	18.3%	50.3%	100.0%	62.6%	-10.7%	-7.8%	76.0K	-3.0M	-10.0K	0.66	100.87	N/A	N/A	60	40	90	52
2018-02-12	$829.00	$740.00	53.1%	15.2%	52.4%	75.8%	57.6%	3.5%	-10.3%	28.6K	-1.2M	-9.5K	0.64	92.85	N/A	N/A	61	39	90	63
2018-02-13	$835.60	$740.00	50.0%	14.3%	52.3%	68.7%	53.0%	-7.2%	-7.7%	-2.8K	-953.2K	-8.1K	0.63	68.81	N/A	N/A	62	39	90	63
2018-02-14	$809.00	$740.00	36.3%	10.4%	53.8%	37.2%	53.5%	-2.2%	14.3%	6.1K	-930.9K	-7.4K	0.63	101.52	N/A	N/A	62	39	90	63
2018-02-15	$816.80	$740.00	46.2%	13.2%	53.8%	59.8%	47.4%	-7.4%	-1.7%	12.6K	-271.5K	-7.2K	0.63	55.00	N/A	N/A	61	38	91	63
2018-02-16	$814.60	$740.00	41.2%	11.8%	53.9%	48.4%	44.1%	-11.4%	0.0%	33.7K	-219.8K	-7.1K	0.62	84.54	N/A	N/A	62	38	91	63
2018-02-20	$826.60	$740.00	45.0%	12.9%	50.0%	57.1%	46.1%	-11.7%	-3.8%	33.2K	-1.1M	-6.5K	0.61	88.39	N/A	N/A	29	18	62	37
2018-02-21	$853.60	$740.00	41.9%	12.0%	50.2%	50.0%	37.9%	-9.2%	-0.5%	37.4K	-1.9M	-5.9K	0.61	97.72	N/A	N/A	29	18	68	37
2018-02-22	$835.20	$740.00	44.7%	12.8%	51.8%	56.5%	45.1%	-11.4%	-0.0%	58.2K	-1.5M	-6.6K	0.54	94.55	N/A	N/A	30	16	68	37
2018-02-23	$799.00	$740.00	36.7%	10.5%	55.6%	38.1%	45.6%	-11.1%	6.9%	41.2K	-782.8K	-8.2K	0.64	96.90	N/A	N/A	26	17	67	45
2018-02-26	$789.00	$740.00	37.4%	10.7%	55.8%	39.8%	40.4%	-7.1%	0.6%	38.1K	-293.8K	-7.3K	0.65	38.88	N/A	N/A	25	17	67	45
2018-02-27	$807.80	$740.00	39.9%	11.4%	55.7%	45.4%	42.5%	-12.0%	3.4%	37.5K	-530.1K	-7.3K	0.65	55.28	N/A	N/A	25	17	67	45
2018-02-28	$846.20	$740.00	49.4%	14.1%	56.1%	67.1%	57.7%	-17.3%	-10.9%	29.5K	-1.5M	-7.6K	0.65	89.37	N/A	N/A	25	17	67	45