DUG Options History — September 2019

In September 2019, DUG traded between $770.20 and $957.00. ATM implied volatility averaged 41.8%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 5.3% (HV 20d: 47.1%). Max pain ranged from $760.00 to $940.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.32.

Notable Days

2019-09-16: Highest Volume — 30 contracts
2019-09-16: Largest IV spike — 27.9% change
2019-09-03: Highest IV Rank — 38.3%
2019-09-03: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$847.04	$770.20	$957.00	$957.00	$863.20
Max Pain	$792.00	$760.00	$940.00	$940.00	$780.00
ATM IV	41.8%	36.7%	49.0%	49.0%	40.5%
Expected Move	12.0%	10.8%	14.0%	14.0%	11.6%
HV 20d	47.1%	39.3%	53.1%	50.8%	42.3%
HV 60d	43.2%	41.4%	44.6%	41.4%	43.9%
IV Rank	24.9%	15.9%	38.3%	38.3%	21.4%
IV Percentile	46.6%	28.6%	68.7%	68.7%	39.7%
Term Structure	1.2%	-4.1%	3.7%	0.4%	1.7%
VWIV	42.1%	36.9%	52.3%	36.9%	41.0%
Skew 25d	-9.4%	-13.4%	-5.5%	-13.4%	-13.1%
Skew 10d	-16.7%	-26.4%	-3.8%	-15.1%	-23.7%
Call IV 25d	48.1%	43.2%	59.5%	59.5%	51.0%
Put IV 25d	38.7%	35.7%	46.1%	46.1%	38.0%
Bid-Ask Spread %	79.69	59.31	98.72	75.18	95.61
Gamma HHI	0.24	0.15	0.36	0.32	0.17
Net GEX	-89.0K	-232.0K	-10.6K	-173.7K	-10.6K
Net DEX	3.1M	438.0K	5.2M	1.5M	438.0K
Net VEX	-7.1K	-9.3K	-4.2K	-9.2K	-7.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.00	2.69	0.00	0.00
Total Volume	1.75	0	30	0	0
Total OI	73.9	40	98	85	41

Daily Data (20 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
2019-09-03	$957.00	$940.00	49.0%	14.0%	50.8%	38.3%	0.0%	-13.4%	0.4%	-173.7K	1.5M	-9.2K	0.00	75.18	N/A	N/A	0	0	11	74
2019-09-04	$928.20	$940.00	44.2%	12.7%	51.9%	29.6%	36.9%	-9.2%	0.1%	-205.2K	2.2M	-9.3K	0.00	72.34	N/A	N/A	0	0	11	74
2019-09-05	$901.00	$760.00	36.7%	11.5%	53.0%	15.9%	52.3%	-12.0%	0.3%	-220.7K	2.9M	-9.1K	0.50	84.55	N/A	N/A	0	0	11	74
2019-09-06	$896.60	$760.00	37.3%	11.4%	51.1%	17.0%	36.9%	-10.3%	3.1%	-232.0K	3.0M	-8.8K	0.00	64.06	N/A	N/A	0	0	11	74
2019-09-09	$860.00	$760.00	39.4%	11.5%	53.1%	20.9%	0.0%	-9.7%	1.3%	-190.1K	4.1M	-7.0K	0.00	59.31	N/A	N/A	1	0	9	74
2019-09-10	$841.80	$760.00	44.4%	11.6%	52.0%	30.0%	39.3%	-6.5%	1.4%	-144.3K	4.4M	-6.3K	0.00	69.31	N/A	N/A	0	1	9	74
2019-09-11	$839.00	$780.00	39.9%	11.4%	51.8%	21.7%	0.0%	-8.9%	2.2%	-121.3K	4.8M	-5.6K	0.00	98.72	N/A	N/A	0	0	9	75
2019-09-12	$843.00	$780.00	38.6%	11.1%	43.1%	19.3%	0.0%	-7.8%	0.9%	-161.8K	4.5M	-6.0K	0.00	77.40	N/A	N/A	0	0	9	75
2019-09-13	$833.00	$780.00	37.7%	10.8%	42.2%	17.7%	0.0%	-7.4%	3.7%	-113.6K	4.8M	-5.4K	0.00	81.42	N/A	N/A	0	0	9	75
2019-09-16	$770.20	$780.00	48.2%	13.8%	48.4%	36.8%	47.9%	-6.4%	-4.1%	-36.8K	4.9M	-4.2K	2.69	88.96	N/A	N/A	8	22	9	75
2019-09-17	$796.00	$780.00	46.3%	13.3%	48.5%	33.3%	46.5%	-5.5%	-2.2%	-48.7K	5.1M	-7.2K	0.20	86.83	N/A	N/A	0	0	13	85
2019-09-18	$805.60	$780.00	42.1%	12.1%	48.1%	25.7%	43.6%	-9.6%	3.4%	-30.0K	5.1M	-7.1K	0.08	86.61	N/A	N/A	1	0	13	85
2019-09-19	$812.00	$780.00	40.8%	11.7%	48.4%	23.3%	41.4%	-6.4%	1.3%	-15.8K	5.2M	-7.0K	0.00	84.85	N/A	N/A	0	0	13	85
2019-09-20	$813.80	$780.00	41.7%	12.0%	48.2%	25.0%	36.9%	-9.0%	1.9%	-13.6K	5.2M	-7.0K	0.00	78.50	N/A	N/A	0	0	13	85
2019-09-23	$805.40	$780.00	38.4%	11.0%	39.3%	19.0%	40.1%	-7.6%	2.1%	-14.3K	773.9K	-6.9K	0.00	77.72	N/A	N/A	0	0	10	30
2019-09-24	$834.80	$780.00	44.0%	12.6%	42.5%	27.9%	41.9%	-11.9%	1.4%	-13.6K	629.6K	-7.0K	0.10	73.51	N/A	N/A	2	0	10	30
2019-09-25	$831.20	$780.00	40.1%	11.5%	42.1%	20.7%	0.0%	-9.3%	2.7%	-12.0K	617.8K	-7.1K	0.00	65.99	N/A	N/A	0	0	11	30
2019-09-26	$853.60	$780.00	43.1%	12.3%	43.1%	26.1%	41.0%	-10.5%	1.7%	-11.9K	510.0K	-7.1K	0.00	76.51	N/A	N/A	0	0	11	30
2019-09-27	$855.40	$780.00	44.1%	12.6%	42.2%	28.0%	0.0%	-13.4%	0.8%	-11.1K	485.1K	-7.2K	0.00	96.44	N/A	N/A	0	0	11	30
2019-09-30	$863.20	$780.00	40.5%	11.6%	42.3%	21.4%	0.0%	-13.1%	1.7%	-10.6K	438.0K	-7.0K	0.00	95.61	N/A	N/A	0	0	11	30