DUG Options History — November 2023

In November 2023, DUG traded between $44.08 and $49.28. ATM implied volatility averaged 42.3%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 1.8% (HV 20d: 40.5%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.12.

Notable Days

  • 2023-11-17: Highest Volume — 30 contracts
  • 2023-11-06: Largest IV spike — 8.6% change
  • 2023-11-29: Highest IV Rank — 28.8%
  • 2023-11-07: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.14$44.08$49.28$46.36$47.28
Max Pain$40.38$40.00$44.00$40.00$40.00
ATM IV42.3%39.3%44.8%44.4%42.2%
Expected Move12.3%11.4%13.0%12.7%12.1%
HV 20d40.5%37.7%44.7%40.9%39.3%
HV 60d41.4%39.7%42.6%39.7%41.8%
IV Rank25.3%21.2%28.8%28.2%25.2%
IV Percentile17.8%10.3%34.1%24.6%18.3%
Term Structure0.1%-3.7%3.8%3.8%-2.0%
VWIV41.2%25.2%48.7%44.3%46.3%
Skew 25d-4.8%-8.9%-0.7%-5.8%-4.9%
Skew 10d-1.7%-22.9%71.9%-16.8%-2.6%
Call IV 25d45.7%40.3%49.1%48.2%45.3%
Put IV 25d41.0%36.7%45.2%42.4%40.4%
Bid-Ask Spread %68.4426.8394.8491.2193.74
Gamma HHI0.390.250.650.290.36
Net GEX10.0K4.4K13.2K11.7K9.3K
Net DEX-284.4K-452.6K-129.6K-327.3K-178.1K
Net VEX-669-782-528-782-705
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.000.600.000.00
Total Volume5.61903000
Total OI145.238107162155132

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$46.36$40.0044.4%12.7%40.9%28.2%44.3%-5.8%3.8%11.7K-327.3K-7820.0091.21N/AN/A0014015
2023-11-02$44.08$44.0042.0%12.9%44.6%24.9%48.7%-7.0%1.6%11.3K-249.4K-7480.0029.51N/AN/A3013915
2023-11-03$44.72$44.0039.3%12.4%44.7%21.2%43.8%-4.5%3.0%11.8K-271.6K-7240.3328.53N/AN/A3114115
2023-11-06$45.80$40.0042.7%12.8%39.1%25.8%0.0%-3.5%-0.5%12.3K-315.0K-7160.0083.85N/AN/A0014416
2023-11-07$47.84$40.0044.1%13.0%41.5%27.8%42.7%-6.9%0.5%11.6K-398.1K-7200.2640.09N/AN/A10314416
2023-11-08$48.84$40.0043.5%12.5%41.2%26.9%27.0%-5.7%2.7%11.0K-421.7K-7070.6080.00N/AN/A1114318
2023-11-09$49.28$40.0043.5%12.5%41.1%27.0%0.0%-6.2%1.6%10.5K-438.5K-6850.0045.82N/AN/A2014318
2023-11-10$48.44$40.0041.9%12.0%38.3%24.7%42.1%-2.8%1.8%11.9K-410.1K-6550.0084.41N/AN/A1014318
2023-11-13$47.72$40.0041.7%11.9%38.3%24.4%0.0%-5.8%1.2%12.4K-381.2K-6140.0059.62N/AN/A0014318
2023-11-14$46.84$40.0041.7%12.0%38.4%24.5%0.0%-8.2%0.7%12.8K-344.1K-5760.0093.98N/AN/A1014318
2023-11-15$47.00$40.0039.9%11.4%37.7%22.1%25.2%-3.6%1.1%13.2K-343.6K-5540.0091.99N/AN/A19014318
2023-11-16$49.08$40.0043.2%12.4%39.5%26.5%43.3%-4.5%-3.7%11.5K-452.6K-5490.1957.25N/AN/A4114218
2023-11-17$46.84$40.0040.9%11.7%43.3%23.4%41.9%-6.2%-0.5%4.4K-308.6K-5280.2326.83N/AN/A24614319
2023-11-20$46.52$40.0041.0%11.7%42.3%23.5%41.4%-6.5%0.6%5.8K-129.6K-6220.0464.80N/AN/A709116
2023-11-21$47.00$40.0042.5%12.2%42.0%25.6%42.8%-3.2%-1.1%6.4K-150.2K-6620.3392.41N/AN/A319517
2023-11-22$47.16$40.0042.5%12.2%41.9%25.6%44.6%-4.0%-0.9%6.5K-152.0K-6810.0290.96N/AN/A1709518
2023-11-24$46.80$40.0042.6%12.2%41.7%25.7%42.4%-1.0%-2.5%8.1K-160.0K-7050.0027.87N/AN/A1011017
2023-11-27$47.16$40.0042.0%12.1%38.2%24.9%0.0%-8.9%-1.4%8.6K-171.0K-6920.0094.84N/AN/A2011017
2023-11-28$47.08$40.0041.9%12.0%38.2%24.7%0.0%-0.7%-0.7%8.6K-168.6K-6950.0067.33N/AN/A1011217
2023-11-29$48.08$40.0044.8%12.8%38.8%28.8%46.3%-0.8%-2.5%9.5K-200.8K-7220.0092.11N/AN/A6011317
2023-11-30$47.28$40.0042.2%12.1%39.3%25.2%0.0%-4.9%-2.0%9.3K-178.1K-7050.0093.74N/AN/A0011517