DUG Options History — January 2023

In January 2023, DUG traded between $44.08 and $53.80. ATM implied volatility averaged 58.2%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 1.8% (HV 20d: 56.4%). Max pain ranged from $44.00 to $48.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.38.

Notable Days

2023-01-03: Highest Volume — 30 contracts
2023-01-30: Largest IV spike — 21.5% change
2023-01-03: Highest IV Rank — 34.8%
2023-01-05: Largest Expected Move — 20.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.00	$44.08	$53.80	$53.36	$46.52
Max Pain	$46.00	$44.00	$48.00	$48.00	$44.00
ATM IV	58.2%	45.3%	69.3%	69.3%	56.3%
Expected Move	17.1%	13.0%	20.1%	19.9%	16.1%
HV 20d	56.4%	47.1%	64.8%	64.8%	50.4%
HV 60d	59.4%	57.2%	62.7%	62.3%	58.6%
IV Rank	12.1%	0.0%	34.8%	34.8%	18.1%
IV Percentile	5.7%	0.0%	32.9%	32.9%	2.0%
Term Structure	1.2%	-4.6%	6.5%	5.4%	1.7%
VWIV	57.9%	50.6%	66.0%	60.7%	56.7%
Skew 25d	-8.6%	-17.7%	-2.6%	-3.5%	-6.5%
Skew 10d	-16.1%	-36.9%	2.7%	-19.4%	-30.7%
Call IV 25d	64.3%	54.0%	77.9%	73.8%	61.1%
Put IV 25d	55.7%	42.6%	70.3%	70.3%	54.6%
Bid-Ask Spread %	71.23	33.52	97.32	97.32	58.39
Gamma HHI	0.30	0.24	0.37	0.37	0.29
Net GEX	11.9K	4.0K	24.4K	22.1K	8.8K
Net DEX	-292.0K	-710.4K	-125.8K	-659.5K	-247.5K
Net VEX	-1.6K	-2.8K	-987	-2.7K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.00	2.75	0.74	2.75
Total Volume	11	1	30	30	4
Total OI	523.7	393	616	550	425

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
2023-01-03	$53.36	$48.00	69.3%	19.9%	64.8%	34.8%	60.7%	-3.5%	5.4%	22.1K	-659.5K	-2.7K	0.74	97.32	N/A	N/A	17	13	501	49
2023-01-04	$53.80	$48.00	63.9%	18.3%	61.3%	25.4%	65.9%	-3.8%	3.1%	24.4K	-710.4K	-2.8K	0.18	87.68	N/A	N/A	3	1	517	62
2023-01-05	$51.36	$44.00	60.8%	20.1%	61.1%	19.8%	59.9%	-13.1%	1.6%	21.3K	-543.8K	-2.5K	0.00	66.08	N/A	N/A	1	0	516	62
2023-01-06	$49.36	$48.00	57.0%	18.6%	62.4%	13.1%	0.0%	-8.9%	1.5%	16.8K	-383.3K	-2.1K	0.12	71.17	N/A	N/A	15	2	515	62
2023-01-09	$49.72	$48.00	57.9%	18.6%	62.2%	11.2%	66.0%	-11.0%	1.2%	18.7K	-397.0K	-2.1K	0.00	73.84	N/A	N/A	20	0	521	62
2023-01-10	$49.16	$48.00	59.8%	18.4%	60.3%	14.6%	0.0%	-9.0%	-0.3%	16.8K	-375.3K	-2.0K	0.50	47.98	N/A	N/A	1	0	521	62
2023-01-11	$48.80	$48.00	65.1%	18.7%	58.0%	22.9%	0.0%	-13.0%	-1.2%	15.1K	-329.0K	-1.8K	0.24	57.32	N/A	N/A	5	1	521	61
2023-01-12	$46.80	$48.00	61.1%	17.5%	58.0%	15.4%	61.1%	-7.8%	-0.6%	5.8K	-153.4K	-1.4K	0.14	92.98	N/A	N/A	9	1	523	62
2023-01-13	$46.52	$48.00	57.6%	16.5%	57.6%	8.7%	0.0%	-8.9%	1.4%	4.0K	-143.2K	-1.3K	0.02	63.39	N/A	N/A	13	0	524	59
2023-01-17	$46.72	$48.00	57.6%	16.5%	57.2%	4.3%	0.0%	-6.8%	0.5%	6.9K	-159.8K	-1.2K	1.44	77.70	N/A	N/A	9	13	533	59
2023-01-18	$48.08	$48.00	55.7%	16.0%	57.7%	0.6%	50.6%	-4.5%	5.6%	12.6K	-224.6K	-1.2K	0.07	81.82	N/A	N/A	19	1	532	71
2023-01-19	$47.08	$44.00	62.5%	17.9%	57.7%	13.9%	54.2%	-4.5%	-4.6%	8.7K	-203.3K	-1.3K	0.02	90.67	N/A	N/A	14	0	545	71
2023-01-20	$46.52	$44.00	57.3%	16.4%	56.6%	3.7%	55.6%	-7.5%	0.2%	8.0K	-125.8K	-1.2K	0.05	33.52	N/A	N/A	16	1	544	71
2023-01-23	$46.28	$44.00	58.4%	16.7%	55.7%	5.9%	59.4%	-6.6%	2.3%	7.4K	-197.4K	-1.1K	0.00	84.98	N/A	N/A	7	0	377	16
2023-01-24	$46.72	$44.00	56.4%	16.2%	52.1%	2.0%	60.2%	-17.7%	-0.6%	7.8K	-207.9K	-1.1K	0.00	86.47	N/A	N/A	7	0	379	16
2023-01-25	$46.84	$44.00	55.0%	15.8%	47.1%	0.0%	53.5%	-16.8%	0.1%	8.6K	-219.2K	-1.1K	0.00	74.45	N/A	N/A	6	0	382	16
2023-01-26	$44.08	$44.00	45.3%	13.0%	50.9%	0.0%	51.1%	-13.0%	3.7%	7.9K	-157.7K	-987	0.69	37.90	N/A	N/A	3	2	388	16
2023-01-27	$45.08	$44.00	48.5%	13.9%	47.3%	5.3%	52.1%	-6.7%	6.5%	7.7K	-166.8K	-1.1K	0.07	89.03	N/A	N/A	7	1	391	22
2023-01-30	$47.20	$44.00	58.9%	16.9%	50.3%	22.3%	60.6%	-2.6%	-3.2%	8.8K	-234.3K	-1.2K	0.60	51.95	N/A	N/A	5	3	398	22
2023-01-31	$46.52	$44.00	56.3%	16.1%	50.4%	18.1%	56.7%	-6.5%	1.7%	8.8K	-247.5K	-1.2K	2.75	58.39	N/A	N/A	1	3	401	24