DUG Options History — December 2023

In December 2023, DUG traded between $44.28 and $51.16. ATM implied volatility averaged 42.1%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 6.3% (HV 20d: 35.8%). Max pain ranged from $40.00 to $48.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.39.

Notable Days

2023-12-19: Highest Volume — 26 contracts
2023-12-13: Largest IV drop — 28.9% change
2023-12-12: Highest IV Rank — 42.2%
2023-12-07: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.53	$44.28	$51.16	$46.72	$46.56
Max Pain	$46.60	$40.00	$48.00	$40.00	$44.00
ATM IV	42.1%	36.7%	54.6%	42.4%	37.8%
Expected Move	11.5%	10.5%	12.9%	12.2%	10.8%
HV 20d	35.8%	33.5%	41.0%	34.7%	37.2%
HV 60d	41.4%	38.5%	43.0%	41.9%	38.5%
IV Rank	25.2%	17.9%	42.2%	25.5%	19.5%
IV Percentile	21.1%	4.4%	64.3%	19.4%	6.7%
Term Structure	3.4%	-2.6%	7.4%	-2.6%	6.3%
VWIV	39.2%	26.8%	49.1%	27.3%	36.2%
Skew 25d	-4.3%	-9.6%	3.4%	3.4%	-4.5%
Skew 10d	-1.5%	-24.6%	77.1%	9.4%	-10.7%
Call IV 25d	42.7%	34.5%	51.2%	34.5%	40.8%
Put IV 25d	38.4%	31.1%	42.1%	37.9%	36.2%
Bid-Ask Spread %	87.07	30.20	104.45	42.98	62.96
Gamma HHI	0.45	0.30	0.88	0.38	0.54
Net GEX	12.2K	5.1K	46.3K	9.0K	12.0K
Net DEX	-168.5K	-287.2K	-76.5K	-156.0K	-180.3K
Net VEX	-640	-790	-531	-656	-606
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.00	2.00	0.60	0.00
Total Volume	8.8	1	26	10	3
Total OI	146.7	123	167	133	147

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
2023-12-01	$46.72	$40.00	42.4%	12.2%	34.7%	25.5%	0.0%	3.4%	-2.6%	9.0K	-156.0K	-656	0.60	42.98	N/A	N/A	6	4	115	18
2023-12-04	$47.28	$44.00	43.1%	11.7%	34.6%	26.4%	27.3%	-7.5%	4.6%	9.8K	-178.2K	-648	0.52	97.69	N/A	N/A	6	3	115	16
2023-12-05	$48.64	$44.00	44.6%	11.9%	35.0%	28.5%	41.3%	-6.9%	3.3%	10.9K	-213.4K	-673	0.83	93.00	N/A	N/A	2	1	114	20
2023-12-06	$50.36	$44.00	52.3%	12.9%	33.8%	38.9%	46.5%	-9.6%	1.6%	11.9K	-275.3K	-714	0.62	86.05	N/A	N/A	13	8	116	21
2023-12-07	$51.16	$48.00	49.5%	12.9%	33.5%	35.2%	49.1%	-9.1%	2.1%	12.3K	-287.2K	-790	0.59	87.91	N/A	N/A	11	7	123	28
2023-12-08	$50.00	$48.00	41.1%	11.8%	34.6%	23.7%	41.2%	-5.3%	3.5%	14.1K	-247.9K	-761	0.83	90.92	N/A	N/A	3	3	125	29
2023-12-11	$49.72	$48.00	48.5%	11.8%	34.0%	33.8%	45.9%	-3.1%	5.4%	14.9K	-230.0K	-694	0.00	93.69	N/A	N/A	18	0	123	26
2023-12-12	$51.00	$48.00	54.6%	12.0%	34.5%	42.2%	31.8%	-6.5%	3.4%	14.7K	-264.4K	-665	0.00	98.53	N/A	N/A	4	0	122	26
2023-12-13	$49.92	$48.00	38.9%	11.1%	34.7%	20.6%	45.8%	-7.0%	4.8%	11.5K	-219.2K	-588	0.05	98.65	N/A	N/A	10	1	122	26
2023-12-14	$47.08	$48.00	39.7%	11.4%	41.0%	22.1%	41.0%	-6.6%	4.1%	11.1K	-120.7K	-595	0.02	99.30	N/A	N/A	21	1	131	27
2023-12-15	$47.84	$48.00	39.7%	11.4%	38.3%	22.1%	38.4%	-3.4%	1.8%	46.3K	-147.0K	-573	0.13	99.31	N/A	N/A	6	1	140	27
2023-12-18	$46.64	$48.00	38.3%	11.0%	35.6%	20.1%	40.9%	-1.1%	2.7%	5.1K	-85.8K	-531	0.06	104.04	N/A	N/A	8	1	99	24
2023-12-19	$45.80	$48.00	38.5%	11.0%	36.1%	20.5%	38.0%	-6.7%	2.0%	5.3K	-76.5K	-539	0.00	103.09	N/A	N/A	26	0	106	24
2023-12-20	$45.52	$48.00	40.3%	11.5%	35.9%	22.9%	0.0%	0.4%	3.5%	8.8K	-116.4K	-676	0.11	99.00	N/A	N/A	2	0	131	24
2023-12-21	$45.80	$48.00	40.0%	11.5%	36.0%	22.5%	39.6%	-1.5%	3.2%	9.1K	-125.9K	-687	2.00	30.20	N/A	N/A	0	1	131	24
2023-12-22	$45.20	$48.00	39.4%	11.3%	36.1%	21.7%	0.0%	-0.8%	2.3%	8.7K	-108.1K	-647	0.33	44.52	N/A	N/A	1	0	131	24
2023-12-26	$44.28	$48.00	39.7%	11.4%	36.5%	22.1%	39.4%	0.9%	2.1%	8.0K	-78.0K	-583	0.00	103.17	N/A	N/A	0	1	131	25
2023-12-27	$45.08	$48.00	37.0%	10.6%	37.3%	18.4%	36.6%	-6.2%	5.5%	9.3K	-96.3K	-574	0.00	102.01	N/A	N/A	1	0	131	24
2023-12-28	$46.08	$44.00	36.7%	10.5%	37.4%	17.9%	26.8%	-4.7%	7.4%	11.4K	-163.8K	-609	0.00	104.45	N/A	N/A	0	3	132	16
2023-12-29	$46.56	$44.00	37.8%	10.8%	37.2%	19.5%	36.2%	-4.5%	6.3%	12.0K	-180.3K	-606	0.00	62.96	N/A	N/A	0	3	132	15