DUG Options History — March 2024

In March 2024, DUG traded between $36.36 and $44.36. ATM implied volatility averaged 33.9%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 7.1% (HV 20d: 26.8%). 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 20 of 20 days. Put/call ratio averaged 0.42.

Notable Days

2024-03-13: Highest Volume — 34 contracts
2024-03-26: Largest IV drop — 17.6% change
2024-03-05: Highest IV Rank — 24.5%
2024-03-04: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.17	$36.36	$44.36	$43.44	$36.36
Max Pain	$46.00	$40.00	$48.00	$48.00	$40.00
ATM IV	33.9%	28.2%	41.4%	37.5%	29.0%
Expected Move	9.9%	8.1%	11.7%	10.7%	8.3%
HV 20d	26.8%	19.2%	35.1%	33.7%	20.9%
HV 60d	33.9%	32.3%	36.6%	36.6%	32.6%
IV Rank	17.2%	10.0%	24.5%	19.0%	12.9%
IV Percentile	5.9%	0.8%	31.7%	7.9%	1.2%
Term Structure	4.4%	0.8%	13.2%	3.0%	2.6%
VWIV	31.8%	18.0%	40.6%	31.7%	29.0%
Skew 25d	1.0%	-5.9%	17.6%	-3.5%	17.6%
Skew 10d	8.7%	-11.4%	51.6%	-3.8%	30.0%
Call IV 25d	35.1%	23.2%	43.1%	31.1%	23.2%
Put IV 25d	36.1%	27.6%	45.7%	27.6%	40.8%
Bid-Ask Spread %	101.40	93.83	109.04	97.59	100.82
Gamma HHI	0.43	0.28	0.64	0.63	0.55
Net GEX	2.3K	504	5.1K	4.0K	2.2K
Net DEX	40.7K	-5.2K	106.6K	29.1K	30.0K
Net VEX	-416	-635	-295	-635	-295
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.00	1.91	1.03	0.00
Total Volume	6.3	0	34	31	1
Total OI	127.35	81	174	165	87

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
2024-03-01	$43.44	$48.00	37.5%	10.7%	33.7%	19.0%	31.7%	-3.5%	3.0%	4.0K	29.1K	-635	1.03	97.59	N/A	N/A	15	16	111	54
2024-03-04	$44.36	$48.00	38.9%	11.7%	34.7%	21.0%	0.0%	-2.1%	3.0%	4.3K	-5.2K	-599	0.00	100.42	N/A	N/A	0	0	97	51
2024-03-05	$44.00	$48.00	41.4%	11.4%	34.6%	24.5%	0.0%	5.4%	4.0%	3.7K	9.6K	-590	0.00	100.02	N/A	N/A	13	0	97	51
2024-03-06	$43.36	$48.00	39.2%	10.7%	34.8%	21.5%	0.0%	-1.0%	7.9%	5.1K	16.6K	-568	0.00	102.40	N/A	N/A	0	0	107	51
2024-03-07	$42.64	$48.00	36.3%	11.6%	35.1%	17.4%	0.0%	-3.1%	4.6%	3.3K	49.0K	-516	0.00	101.12	N/A	N/A	0	0	107	51
2024-03-08	$42.64	$48.00	36.7%	11.4%	34.6%	17.9%	0.0%	-3.8%	5.4%	3.3K	48.2K	-508	0.00	102.68	N/A	N/A	0	0	107	51
2024-03-11	$41.80	$48.00	31.0%	10.8%	31.8%	10.0%	40.6%	-5.9%	1.7%	2.2K	74.2K	-455	0.07	102.60	N/A	N/A	26	2	107	51
2024-03-12	$41.56	$48.00	34.2%	10.6%	30.9%	14.5%	0.0%	-1.3%	1.7%	2.4K	89.6K	-428	0.00	104.41	N/A	N/A	0	0	122	52
2024-03-13	$40.44	$48.00	34.1%	9.8%	29.9%	14.3%	39.1%	1.0%	6.3%	1.2K	106.6K	-381	1.91	109.04	N/A	N/A	12	22	122	52
2024-03-14	$39.92	$48.00	33.8%	9.7%	29.5%	14.0%	0.0%	4.6%	8.1%	770	79.7K	-366	0.00	103.49	N/A	N/A	0	0	118	44
2024-03-15	$39.44	$48.00	30.4%	8.7%	23.7%	12.3%	29.3%	3.6%	13.2%	645	87.9K	-338	0.56	102.85	N/A	N/A	2	1	118	44
2024-03-18	$39.16	$48.00	34.3%	9.8%	23.7%	20.1%	0.0%	-2.5%	7.5%	566	41.8K	-333	0.00	96.42	N/A	N/A	0	0	49	32
2024-03-19	$38.44	$48.00	34.8%	10.0%	21.1%	21.0%	18.0%	-0.5%	4.4%	504	48.4K	-310	0.10	93.83	N/A	N/A	10	1	49	32
2024-03-20	$38.00	$44.00	30.4%	8.7%	19.2%	15.4%	0.0%	1.2%	2.6%	1.8K	21.7K	-345	0.00	99.19	N/A	N/A	1	0	59	33
2024-03-21	$37.56	$44.00	30.5%	8.7%	19.3%	15.5%	0.0%	1.2%	4.0%	1.8K	17.3K	-345	0.00	103.96	N/A	N/A	0	0	59	30
2024-03-22	$37.92	$44.00	33.9%	9.7%	19.4%	23.4%	0.0%	2.4%	0.8%	1.9K	14.3K	-346	0.00	97.28	N/A	N/A	0	0	59	30
2024-03-25	$37.20	$44.00	34.3%	9.8%	19.8%	24.2%	34.9%	7.8%	0.8%	2.0K	25.2K	-317	1.00	100.64	N/A	N/A	2	2	59	30
2024-03-26	$37.80	$40.00	28.2%	8.1%	20.3%	10.6%	0.0%	-2.2%	3.4%	2.2K	14.3K	-320	0.00	103.39	N/A	N/A	0	0	58	29
2024-03-27	$37.44	$40.00	29.5%	8.5%	19.6%	14.3%	0.0%	1.0%	3.1%	2.2K	16.1K	-317	0.00	105.90	N/A	N/A	0	0	58	29
2024-03-28	$36.36	$40.00	29.0%	8.3%	20.9%	12.9%	29.0%	17.6%	2.6%	2.2K	30.0K	-295	0.00	100.82	N/A	N/A	1	0	58	29