DUG Options History — May 2023

In May 2023, DUG traded between $50.20 and $60.16. ATM implied volatility averaged 56.2%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 4.3% (HV 20d: 51.9%). Max pain ranged from $48.00 to $56.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.14.

Notable Days

  • 2023-05-08: Highest Volume — 29 contracts
  • 2023-05-22: Largest IV spike — 21.1% change
  • 2023-05-22: Highest IV Rank — 31.8%
  • 2023-05-22: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.35$50.20$60.16$50.20$60.16
Max Pain$51.45$48.00$56.00$48.00$56.00
ATM IV56.2%48.5%63.7%48.5%57.8%
Expected Move16.2%13.9%18.3%13.9%16.6%
HV 20d51.9%43.1%56.7%54.3%43.1%
HV 60d57.5%55.8%60.1%57.1%56.1%
IV Rank19.7%7.3%31.8%7.3%22.3%
IV Percentile17.7%3.6%36.5%3.6%25.8%
Term Structure1.7%-3.4%15.4%3.4%-0.7%
VWIV56.9%50.4%68.8%50.4%57.6%
Skew 25d-11.8%-27.4%-4.5%-8.6%-8.9%
Skew 10d-20.4%-44.8%8.4%-9.8%-8.8%
Call IV 25d63.4%51.3%71.0%51.3%64.4%
Put IV 25d51.6%32.8%56.6%42.7%55.4%
Bid-Ask Spread %53.8123.9781.4072.8533.92
Gamma HHI0.420.230.800.560.30
Net GEX20.7K6.5K49.6K24.3K8.1K
Net DEX-615.7K-1.1M-200.6K-354.2K-298.0K
Net VEX-1.0K-1.4K-740-1.2K-740
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.001.670.000.04
Total Volume8.36402917
Total OI213121266233124

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$50.20$48.0048.5%13.9%54.3%7.3%50.4%-8.6%3.4%24.3K-354.2K-1.2K0.0072.85N/AN/A1021617
2023-05-02$54.64$48.0056.3%16.1%49.9%19.9%52.5%-12.2%1.0%26.8K-628.8K-1.3K0.1381.40N/AN/A12221717
2023-05-03$56.64$48.0058.4%16.7%49.2%23.2%58.7%-8.2%-0.7%25.3K-754.4K-1.3K0.0470.59N/AN/A17122218
2023-05-04$58.00$48.0063.3%17.8%47.0%31.2%64.9%-14.4%-0.9%25.3K-859.0K-1.3K0.0047.59N/AN/A8023319
2023-05-05$54.64$48.0055.0%17.0%52.2%17.7%58.8%-15.3%1.6%30.2K-664.1K-1.4K1.6748.17N/AN/A2323619
2023-05-08$54.72$56.0054.4%16.4%51.5%16.8%68.8%-10.4%-0.3%32.5K-671.0K-1.3K0.2163.11N/AN/A24523621
2023-05-09$54.44$56.0055.3%17.0%50.7%18.2%0.0%-14.5%-0.6%32.6K-623.0K-1.2K0.0062.83N/AN/A9022326
2023-05-10$55.92$56.0056.6%16.2%51.1%20.3%54.5%-15.0%5.3%31.0K-763.5K-1.2K0.0054.33N/AN/A10023126
2023-05-11$57.92$48.0056.8%16.3%51.4%20.7%0.0%-14.9%1.6%24.2K-918.2K-1.1K0.1745.38N/AN/A5123526
2023-05-12$57.80$48.0056.2%16.1%51.4%19.6%0.0%-11.3%1.4%22.6K-925.0K-1.1K0.0039.43N/AN/A0023426
2023-05-15$57.08$52.0054.6%15.7%51.8%17.2%0.0%-10.5%2.1%18.8K-920.2K-9250.2073.69N/AN/A1023427
2023-05-16$59.72$52.0057.6%16.5%53.2%22.0%53.7%-9.7%1.2%13.6K-1.1M-8500.0435.97N/AN/A6023427
2023-05-17$57.44$52.0052.0%14.9%56.1%12.9%51.3%-14.5%8.2%20.9K-969.7K-8940.3358.39N/AN/A3123727
2023-05-18$56.56$52.0051.1%14.7%56.4%11.5%50.5%-27.4%3.4%26.0K-880.6K-8900.0065.84N/AN/A5023427
2023-05-19$55.92$52.0052.6%15.1%56.7%14.0%53.0%-9.0%3.8%49.6K-857.1K-8530.0071.22N/AN/A5023927
2023-05-22$56.08$52.0063.7%18.3%54.1%31.8%53.0%-4.5%15.4%6.5K-233.5K-8210.0054.92N/AN/A3010714
2023-05-23$54.92$52.0056.0%16.1%53.2%19.5%56.5%-7.8%-2.7%6.7K-200.6K-7920.0361.99N/AN/A10010914
2023-05-24$54.80$52.0056.1%16.1%52.4%19.6%59.7%-7.5%1.0%6.8K-200.9K-8000.0545.22N/AN/A6011114
2023-05-25$56.56$52.0058.0%16.6%53.1%22.6%61.1%-13.8%-3.4%7.7K-248.1K-8720.0144.80N/AN/A17011415
2023-05-26$57.00$52.0056.1%16.1%50.9%19.5%59.1%-11.2%-0.4%7.8K-248.7K-8490.0828.11N/AN/A7111315
2023-05-30$58.44$52.0059.6%17.1%51.0%25.2%59.3%-11.0%-3.2%8.0K-273.1K-8010.0423.97N/AN/A11111015
2023-05-31$60.16$56.0057.8%16.6%43.1%22.3%57.6%-8.9%-0.7%8.1K-298.0K-7400.0433.92N/AN/A7010816