DUG Options History — April 2023

In April 2023, DUG traded between $46.80 and $51.36. ATM implied volatility averaged 49.6%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded below realized volatility by 11.5% (HV 20d: 61.1%). Max pain ranged from $48.00 to $52.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.21.

Notable Days

2023-04-26: Highest Volume — 77 contracts
2023-04-28: Largest IV drop — 15.3% change
2023-04-26: Highest IV Rank — 20.9%
2023-04-26: Largest Expected Move — 16.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.56	$46.80	$51.36	$47.44	$49.08
Max Pain	$48.63	$48.00	$52.00	$52.00	$48.00
ATM IV	49.6%	43.9%	56.9%	52.8%	44.5%
Expected Move	14.4%	12.6%	16.3%	15.1%	12.8%
HV 20d	61.1%	49.4%	74.6%	72.9%	53.6%
HV 60d	58.7%	58.1%	59.5%	58.5%	58.5%
IV Rank	7.8%	0.0%	20.9%	12.5%	0.9%
IV Percentile	3.0%	0.0%	15.1%	2.8%	0.4%
Term Structure	8.1%	1.0%	76.4%	3.9%	3.0%
VWIV	50.2%	41.5%	58.0%	41.5%	52.2%
Skew 25d	-8.3%	-13.9%	-3.1%	-3.1%	-10.0%
Skew 10d	-13.4%	-32.4%	5.4%	-18.5%	-0.6%
Call IV 25d	56.2%	49.2%	64.7%	56.1%	53.3%
Put IV 25d	47.9%	42.1%	55.6%	53.0%	43.4%
Bid-Ask Spread %	59.77	22.17	90.68	57.70	90.68
Gamma HHI	0.35	0.16	0.56	0.42	0.56
Net GEX	9.0K	2.3K	19.7K	7.4K	19.7K
Net DEX	-98.6K	-295.6K	46.4K	46.4K	-295.6K
Net VEX	-854	-1.2K	-654	-879	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.21	0.00	9.38	0.54	0.18
Total Volume	17.947	0	77	29	4
Total OI	227.474	98	279	226	231

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
2023-04-03	$47.44	$52.00	52.8%	15.1%	72.9%	12.5%	41.5%	-3.1%	3.9%	7.4K	46.4K	-879	0.54	57.70	N/A	N/A	19	10	165	61
2023-04-04	$49.56	$52.00	51.9%	14.9%	73.7%	10.9%	48.5%	-8.2%	5.2%	9.4K	-50.5K	-1.1K	5.38	34.64	N/A	N/A	5	28	184	61
2023-04-05	$47.84	$52.00	51.1%	14.7%	74.0%	9.7%	48.8%	-7.2%	4.7%	6.7K	10.0K	-1.1K	3.00	88.44	N/A	N/A	6	17	194	85
2023-04-06	$49.36	$48.00	50.3%	16.3%	74.6%	8.4%	0.0%	-9.1%	1.8%	9.5K	-55.9K	-1.1K	9.38	43.29	N/A	N/A	4	38	198	76
2023-04-10	$48.44	$48.00	50.7%	16.0%	73.0%	8.9%	0.0%	-8.6%	1.8%	11.2K	-103.4K	-926	0.00	76.59	N/A	N/A	2	0	202	51
2023-04-11	$47.44	$48.00	51.7%	15.4%	71.8%	10.5%	50.7%	-9.0%	3.3%	8.7K	-76.7K	-851	0.12	44.18	N/A	N/A	15	2	203	47
2023-04-12	$47.36	$48.00	52.9%	15.2%	71.8%	12.6%	56.4%	-7.9%	3.4%	9.1K	-80.0K	-832	0.05	41.90	N/A	N/A	5	0	207	46
2023-04-13	$46.84	$48.00	51.8%	14.8%	59.1%	10.7%	49.1%	-8.7%	4.6%	7.8K	-67.3K	-822	0.33	61.68	N/A	N/A	3	1	212	46
2023-04-14	$46.80	$48.00	49.0%	14.1%	58.9%	6.2%	0.0%	-8.0%	6.4%	6.5K	-51.2K	-742	0.00	67.88	N/A	N/A	0	0	215	46
2023-04-17	$47.92	$48.00	47.0%	13.5%	57.8%	2.8%	0.0%	-7.9%	8.8%	11.0K	-81.1K	-733	0.00	55.70	N/A	N/A	0	0	215	46
2023-04-18	$47.80	$48.00	46.8%	13.4%	56.8%	2.6%	48.5%	-6.8%	5.9%	10.2K	-69.5K	-683	0.32	22.17	N/A	N/A	5	2	215	46
2023-04-19	$48.16	$48.00	44.7%	12.8%	52.3%	0.0%	45.1%	-9.1%	8.1%	12.7K	-91.8K	-696	0.85	52.11	N/A	N/A	3	3	217	46
2023-04-20	$49.36	$48.00	46.7%	13.4%	52.3%	3.3%	44.9%	-9.2%	76.4%	18.1K	-150.5K	-699	0.31	69.32	N/A	N/A	7	2	222	47
2023-04-21	$49.56	$48.00	43.9%	12.6%	49.4%	0.0%	46.4%	-6.1%	8.1%	2.3K	-129.3K	-696	0.16	73.42	N/A	N/A	16	3	219	47
2023-04-24	$47.64	$48.00	45.0%	12.9%	50.6%	1.7%	55.5%	-7.1%	3.6%	2.4K	-91.6K	-654	0.00	62.48	N/A	N/A	2	0	81	17
2023-04-25	$49.84	$48.00	51.2%	14.7%	52.1%	11.7%	55.0%	-9.0%	1.7%	2.8K	-119.2K	-699	0.00	79.13	N/A	N/A	2	0	83	17
2023-04-26	$51.36	$48.00	56.9%	16.3%	53.3%	20.9%	58.0%	-13.9%	1.0%	3.1K	-143.4K	-759	0.00	70.54	N/A	N/A	77	0	84	17
2023-04-27	$50.80	$48.00	52.5%	15.1%	52.4%	13.8%	52.9%	-9.8%	2.4%	12.9K	-272.7K	-1.1K	0.00	43.78	N/A	N/A	60	0	156	17
2023-04-28	$49.08	$48.00	44.5%	12.8%	53.6%	0.9%	52.2%	-10.0%	3.0%	19.7K	-295.6K	-1.2K	0.18	90.68	N/A	N/A	3	1	214	17