DUG Options History — January 2024

In January 2024, DUG traded between $43.92 and $51.16. ATM implied volatility averaged 41.5%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 3.5% (HV 20d: 38.0%). Max pain ranged from $40.00 to $48.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.42.

Notable Days

2024-01-17: Highest Volume — 26 contracts
2024-01-05: Largest IV drop — 8.8% change
2024-01-17: Highest IV Rank — 31.5%
2024-01-17: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.00	$43.92	$51.16	$45.72	$46.84
Max Pain	$46.67	$40.00	$48.00	$44.00	$48.00
ATM IV	41.5%	37.1%	46.4%	39.6%	43.8%
Expected Move	12.1%	10.9%	13.3%	11.4%	12.6%
HV 20d	38.0%	34.5%	40.8%	37.5%	39.8%
HV 60d	37.8%	36.9%	39.4%	38.7%	36.9%
IV Rank	24.6%	18.5%	31.5%	22.0%	27.9%
IV Percentile	24.9%	5.2%	48.0%	13.5%	41.7%
Term Structure	1.9%	-1.7%	5.3%	2.8%	-1.7%
VWIV	41.4%	35.4%	45.2%	39.8%	42.8%
Skew 25d	-5.2%	-14.9%	9.3%	0.6%	9.3%
Skew 10d	-11.5%	-30.1%	5.3%	4.1%	4.6%
Call IV 25d	44.2%	28.6%	50.0%	37.0%	33.6%
Put IV 25d	39.0%	28.9%	44.0%	37.6%	42.9%
Bid-Ask Spread %	72.34	18.19	106.70	106.70	95.36
Gamma HHI	0.45	0.21	0.83	0.57	0.28
Net GEX	7.8K	1.2K	15.7K	10.5K	3.0K
Net DEX	-166.6K	-344.1K	-30.8K	-150.9K	-65.9K
Net VEX	-567	-653	-499	-559	-653
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.42	0.00	10.00	0.00	10.00
Total Volume	9.667	1	26	4	3
Total OI	144.143	102	186	150	131

Daily Data (21 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
2024-01-02	$45.72	$44.00	39.6%	11.4%	37.5%	22.0%	39.8%	0.6%	2.8%	10.5K	-150.9K	-559	0.00	106.70	N/A	N/A	4	0	132	18
2024-01-03	$43.92	$44.00	38.1%	10.9%	39.6%	19.9%	38.0%	1.1%	4.9%	7.9K	-102.3K	-499	0.00	99.43	N/A	N/A	4	0	134	18
2024-01-04	$45.56	$44.00	40.6%	12.0%	40.6%	23.4%	41.8%	-3.8%	2.5%	10.5K	-147.5K	-550	4.33	80.71	N/A	N/A	2	7	134	18
2024-01-05	$45.72	$40.00	37.1%	11.8%	38.2%	18.5%	42.3%	-7.6%	2.0%	11.5K	-150.3K	-546	0.00	85.93	N/A	N/A	2	0	135	18
2024-01-08	$46.84	$40.00	40.0%	12.9%	38.9%	22.5%	44.8%	-11.3%	2.4%	14.2K	-181.1K	-524	0.00	81.37	N/A	N/A	17	0	134	18
2024-01-09	$48.16	$48.00	40.8%	12.3%	39.8%	23.7%	42.7%	-7.8%	3.8%	13.9K	-210.1K	-559	3.93	26.88	N/A	N/A	4	14	129	23
2024-01-10	$49.28	$48.00	42.9%	12.3%	40.8%	26.5%	40.4%	-6.0%	2.8%	15.7K	-265.9K	-594	0.27	79.41	N/A	N/A	19	5	132	29
2024-01-11	$49.08	$48.00	42.1%	12.1%	39.6%	25.4%	0.0%	-5.2%	3.7%	12.6K	-231.9K	-583	0.00	73.75	N/A	N/A	0	5	126	34
2024-01-12	$48.00	$48.00	42.2%	12.1%	39.7%	25.6%	42.2%	-4.4%	3.3%	13.4K	-184.9K	-576	1.00	53.59	N/A	N/A	6	6	126	34
2024-01-16	$50.16	$48.00	42.8%	12.3%	36.9%	26.5%	43.7%	-3.0%	5.3%	9.9K	-302.2K	-525	2.75	68.48	N/A	N/A	1	3	132	40
2024-01-17	$51.16	$48.00	46.4%	13.3%	37.1%	31.5%	45.2%	-6.0%	2.0%	11.0K	-344.1K	-549	0.89	64.81	N/A	N/A	14	12	137	43
2024-01-18	$51.16	$48.00	43.7%	12.5%	35.5%	27.6%	38.7%	-9.5%	2.3%	12.4K	-306.2K	-576	0.73	78.90	N/A	N/A	6	4	136	48
2024-01-19	$51.16	$48.00	43.6%	12.5%	34.5%	27.5%	41.9%	-5.6%	0.9%	1.2K	-284.5K	-583	0.00	84.23	N/A	N/A	12	0	135	51
2024-01-22	$50.64	$48.00	43.8%	12.6%	34.8%	27.8%	44.1%	-8.7%	0.3%	1.7K	-134.5K	-561	0.25	85.18	N/A	N/A	3	1	62	40
2024-01-23	$50.28	$48.00	40.2%	11.5%	35.0%	22.8%	40.2%	-7.2%	1.9%	2.1K	-130.0K	-560	0.00	19.62	N/A	N/A	1	0	65	40
2024-01-24	$49.00	$48.00	38.3%	11.0%	36.2%	20.1%	0.0%	-14.9%	1.2%	1.9K	-98.2K	-560	0.00	88.43	N/A	N/A	1	0	65	40
2024-01-25	$47.08	$48.00	40.1%	11.5%	38.5%	22.7%	40.1%	-6.3%	-0.2%	1.6K	-56.0K	-535	1.61	18.19	N/A	N/A	5	7	65	40
2024-01-26	$46.28	$48.00	40.9%	11.7%	38.7%	23.7%	35.4%	-4.9%	-0.5%	2.8K	-60.2K	-554	1.00	40.09	N/A	N/A	13	13	72	39
2024-01-29	$46.56	$48.00	43.3%	12.4%	38.0%	27.2%	41.4%	-6.4%	-0.9%	2.8K	-60.3K	-626	0.54	93.40	N/A	N/A	3	2	79	46
2024-01-30	$45.44	$48.00	41.3%	11.8%	38.8%	24.3%	0.0%	-1.1%	0.6%	2.6K	-30.8K	-629	1.17	94.77	N/A	N/A	2	2	81	48
2024-01-31	$46.84	$48.00	43.8%	12.6%	39.8%	27.9%	42.8%	9.3%	-1.7%	3.0K	-65.9K	-653	10.00	95.36	N/A	N/A	0	3	82	49