DUG Options History — March 2023

In March 2023, DUG traded between $48.84 and $62.44. ATM implied volatility averaged 64.2%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 6.1% (HV 20d: 58.1%). Max pain ranged from $44.00 to $52.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.16.

Notable Days

  • 2023-03-08: Highest Volume — 18 contracts
  • 2023-03-13: Largest IV spike — 34.2% change
  • 2023-03-14: Highest IV Rank — 83.0%
  • 2023-03-14: Largest Expected Move — 22.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.09$48.84$62.44$50.72$52.36
Max Pain$47.83$44.00$52.00$52.00$52.00
ATM IV64.2%48.3%95.8%57.4%53.1%
Expected Move17.7%13.9%22.4%16.5%15.2%
HV 20d58.1%45.0%64.9%60.1%63.2%
HV 60d56.2%53.4%59.5%56.2%55.7%
IV Rank31.2%5.1%83.0%19.9%12.9%
IV Percentile28.5%0.4%96.4%6.7%2.8%
Term Structure-0.2%-21.3%18.1%-1.2%3.0%
VWIV64.2%42.0%81.7%56.1%57.8%
Skew 25d-11.3%-32.2%18.0%-8.0%-10.2%
Skew 10d-26.3%-47.5%0.3%0.3%-25.4%
Call IV 25d70.0%48.9%93.5%58.7%61.8%
Put IV 25d58.7%38.7%89.1%50.7%51.7%
Bid-Ask Spread %64.1731.2594.5348.1259.12
Gamma HHI0.370.270.490.400.39
Net GEX16.1K6.2K34.6K20.2K8.7K
Net DEX-501.8K-1.2M-162.2K-391.7K-162.2K
Net VEX-1.3K-1.5K-1.0K-1.5K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.001.700.110.00
Total Volume6.47801807
Total OI240.957167287262218

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$50.72$52.0057.4%16.5%60.1%19.9%0.0%-8.0%-1.2%20.2K-391.7K-1.5K0.0048.12N/AN/A0023626
2023-03-02$49.92$52.0050.8%14.6%60.2%9.1%56.1%-10.3%1.6%19.0K-343.0K-1.4K0.1193.20N/AN/A5123626
2023-03-03$48.84$48.0048.3%13.9%55.7%5.1%0.0%-10.2%3.8%16.0K-255.6K-1.2K0.0086.43N/AN/A1023826
2023-03-06$48.92$44.0049.2%14.1%55.7%6.5%0.0%-5.2%8.1%16.3K-248.4K-1.2K0.0072.69N/AN/A4023726
2023-03-07$50.52$44.0054.6%15.4%56.8%15.3%0.0%-7.5%1.7%20.9K-325.2K-1.3K0.2549.16N/AN/A3124026
2023-03-08$51.80$44.0053.8%14.6%52.7%14.0%57.6%-7.7%7.2%26.3K-402.2K-1.4K0.1090.63N/AN/A16224327
2023-03-09$52.84$44.0062.4%16.9%52.9%28.1%0.0%-14.0%0.4%28.4K-492.5K-1.4K0.0059.73N/AN/A1025028
2023-03-10$55.00$44.0070.4%18.5%54.2%41.3%56.2%-8.7%-2.8%33.4K-649.2K-1.4K0.0032.09N/AN/A11025128
2023-03-13$56.72$44.0094.5%20.4%45.0%80.8%42.0%-32.2%-8.1%27.8K-814.6K-1.4K0.0494.53N/AN/A6025428
2023-03-14$56.20$44.0095.8%22.4%45.5%83.0%69.7%18.0%-21.3%34.6K-764.1K-1.3K0.0072.59N/AN/A7025128
2023-03-15$62.16$44.0077.3%22.2%55.5%52.6%81.7%-15.2%-9.6%14.4K-1.2M-1.1K0.1190.80N/AN/A15225328
2023-03-16$60.28$44.0070.1%20.1%57.2%40.8%76.8%-13.9%18.1%21.7K-1.2M-1.1K0.2564.31N/AN/A5125730
2023-03-17$62.44$44.0076.2%21.8%57.8%50.8%80.2%-15.4%-7.2%8.4K-1.2M-1.1K0.0070.58N/AN/A1024731
2023-03-20$59.84$44.0066.0%18.9%56.4%34.0%65.4%-15.3%0.3%10.0K-518.9K-1.0K1.7033.20N/AN/A3414522
2023-03-21$55.64$48.0064.9%18.6%63.1%32.2%62.5%-15.2%-11.2%10.6K-378.7K-1.1K0.1031.25N/AN/A3014627
2023-03-22$57.00$52.0064.3%18.4%63.0%31.3%60.8%-11.0%-0.2%7.2K-325.1K-1.2K0.3340.26N/AN/A2114253
2023-03-23$59.36$52.0067.0%19.2%61.8%35.8%65.8%-15.0%3.2%6.2K-437.2K-1.2K0.0942.29N/AN/A6114453
2023-03-24$59.00$52.0066.1%18.9%61.9%34.2%70.3%-17.6%-0.7%6.8K-428.4K-1.2K0.0080.56N/AN/A5014653
2023-03-27$56.16$52.0060.6%17.4%64.7%25.1%64.6%-16.2%1.0%7.7K-322.8K-1.1K0.0071.33N/AN/A8014553
2023-03-28$55.00$52.0064.0%18.4%64.9%30.8%65.8%-9.4%1.1%7.5K-265.1K-1.2K0.2565.00N/AN/A6215158
2023-03-29$53.36$52.0056.6%16.2%63.9%18.6%62.1%-12.5%2.5%8.3K-211.6K-1.2K0.0760.10N/AN/A8115758
2023-03-30$52.92$52.0054.0%15.5%63.7%14.3%60.4%-7.5%5.7%8.7K-189.4K-1.2K0.1267.96N/AN/A9116357
2023-03-31$52.36$52.0053.1%15.2%63.2%12.9%57.8%-10.2%3.0%8.7K-162.2K-1.2K0.0059.12N/AN/A7016157