DUG Options History — September 2023

In September 2023, DUG traded between $39.84 and $42.56. ATM implied volatility averaged 39.4%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 6.5% (HV 20d: 32.9%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.98.

Notable Days

2023-09-12: Highest Volume — 53 contracts
2023-09-12: Largest IV spike — 70.2% change
2023-09-21: Highest IV Rank — 48.5%
2023-09-21: Largest Expected Move — 17.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.23	$39.84	$42.56	$42.08	$41.52
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	39.4%	23.8%	60.3%	33.1%	46.8%
Expected Move	11.8%	9.5%	17.3%	9.5%	13.4%
HV 20d	32.9%	29.3%	41.2%	30.7%	41.2%
HV 60d	36.2%	35.1%	37.1%	36.4%	36.7%
IV Rank	19.7%	0.0%	48.5%	0.0%	31.5%
IV Percentile	13.5%	0.0%	61.5%	0.0%	29.8%
Term Structure	1.7%	-8.1%	8.3%	4.2%	-2.9%
VWIV	42.0%	22.9%	95.6%	25.7%	47.9%
Skew 25d	-2.9%	-22.5%	49.1%	-10.4%	10.7%
Skew 10d	13.1%	-26.9%	117.2%	-13.7%	20.4%
Call IV 25d	43.6%	33.2%	61.3%	33.2%	38.5%
Put IV 25d	40.7%	22.8%	84.6%	22.8%	49.2%
Bid-Ask Spread %	60.28	23.08	105.74	49.74	105.74
Gamma HHI	0.39	0.35	0.50	0.39	0.39
Net GEX	4.8K	2.0K	8.7K	2.8K	8.0K
Net DEX	-79.0K	-198.7K	12.8K	3.9K	-162.2K
Net VEX	-486	-790	-215	-235	-744
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.00	10.00	1.00	1.00
Total Volume	10.75	0	53	4	2
Total OI	140.6	84	182	84	182

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
2023-09-01	$42.08	$40.00	33.1%	9.5%	30.7%	0.0%	25.7%	-10.4%	4.2%	2.8K	3.9K	-235	1.00	49.74	N/A	N/A	2	2	66	18
2023-09-05	$41.52	$40.00	38.1%	10.5%	30.8%	7.6%	95.6%	-22.5%	8.3%	2.4K	12.8K	-216	0.11	54.70	N/A	N/A	2	0	66	20
2023-09-06	$41.64	$40.00	23.8%	10.8%	30.8%	0.0%	0.0%	-3.0%	-8.1%	2.4K	8.3K	-231	0.00	59.75	N/A	N/A	0	0	66	20
2023-09-07	$41.64	$40.00	32.2%	11.4%	29.3%	11.2%	22.9%	-14.5%	3.2%	2.4K	9.2K	-224	0.08	69.48	N/A	N/A	13	1	66	20
2023-09-08	$40.92	$40.00	35.8%	11.2%	29.5%	16.0%	36.8%	4.8%	7.5%	2.3K	-36.4K	-215	0.21	80.07	N/A	N/A	27	6	79	20
2023-09-11	$42.16	$40.00	25.7%	11.6%	30.1%	2.6%	39.0%	-1.6%	3.2%	4.7K	-84.1K	-377	0.44	29.71	N/A	N/A	2	1	106	24
2023-09-12	$40.16	$40.00	43.7%	11.2%	34.3%	26.5%	40.6%	-6.3%	3.3%	4.5K	-48.7K	-348	0.21	23.08	N/A	N/A	44	9	108	24
2023-09-13	$40.80	$40.00	37.8%	10.8%	30.5%	18.7%	42.0%	-1.5%	3.5%	3.1K	-70.6K	-404	0.25	83.82	N/A	N/A	1	0	112	33
2023-09-14	$39.84	$40.00	35.9%	10.3%	30.6%	16.1%	40.3%	-1.5%	2.9%	3.4K	-44.1K	-358	0.03	28.38	N/A	N/A	17	1	112	33
2023-09-15	$40.84	$40.00	35.7%	10.2%	32.1%	15.9%	37.8%	-2.7%	4.6%	2.0K	-73.3K	-412	0.00	24.58	N/A	N/A	3	0	128	33
2023-09-18	$40.36	$40.00	37.9%	10.9%	31.9%	18.8%	42.2%	-13.7%	-3.9%	2.0K	-9.6K	-397	0.00	23.82	N/A	N/A	4	0	98	31
2023-09-19	$41.08	$40.00	37.5%	10.8%	32.6%	18.3%	35.2%	-1.9%	7.3%	2.9K	-26.5K	-420	0.00	62.64	N/A	N/A	34	0	101	31
2023-09-20	$41.36	$40.00	39.3%	11.3%	32.0%	20.6%	24.7%	49.1%	-1.1%	6.2K	-91.9K	-615	0.00	104.35	N/A	N/A	9	0	127	31
2023-09-21	$42.56	$40.00	60.3%	17.3%	33.7%	48.5%	46.2%	-11.6%	-1.9%	7.8K	-178.2K	-790	0.02	40.49	N/A	N/A	11	0	147	31
2023-09-22	$42.44	$40.00	44.2%	12.7%	33.5%	27.2%	44.1%	-6.9%	0.4%	7.8K	-192.4K	-781	0.00	44.65	N/A	N/A	1	0	144	27
2023-09-25	$41.56	$40.00	42.4%	12.2%	33.7%	24.8%	45.2%	-10.1%	1.7%	7.7K	-163.9K	-738	0.00	78.95	N/A	N/A	6	0	145	27
2023-09-26	$42.16	$40.00	47.2%	13.5%	34.2%	31.2%	45.4%	-9.6%	0.0%	8.7K	-198.7K	-770	5.00	62.49	N/A	N/A	1	3	150	26
2023-09-27	$40.08	$40.00	45.0%	12.9%	38.2%	28.2%	44.9%	-1.2%	3.2%	7.2K	-117.3K	-707	0.25	92.70	N/A	N/A	8	2	151	28
2023-09-28	$39.92	$40.00	46.0%	13.2%	38.1%	30.4%	47.9%	-2.8%	-0.6%	7.4K	-116.7K	-729	10.00	86.42	N/A	N/A	0	3	153	28
2023-09-29	$41.52	$40.00	46.8%	13.4%	41.2%	31.5%	0.0%	10.7%	-2.9%	8.0K	-162.2K	-744	1.00	105.74	N/A	N/A	1	1	153	29