DUG Options History — May 2025

In May 2025, DUG traded between $36.90 and $42.45. ATM implied volatility averaged 52.3%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 15.7% (HV 20d: 68.0%). Max pain ranged from $35.00 to $42.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.25.

Notable Days

  • 2025-05-12: Highest Volume — 32 contracts
  • 2025-05-07: Largest IV spike — 52.1% change
  • 2025-05-02: Highest IV Rank — 46.5%
  • 2025-05-02: Largest Expected Move — 25.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.20$36.90$42.45$41.66$41.52
Max Pain$38.30$35.00$42.00$40.00$37.00
ATM IV52.3%24.3%90.4%79.0%34.7%
Expected Move14.1%7.0%25.9%22.7%9.9%
HV 20d68.0%39.3%136.3%136.3%39.3%
HV 60d85.6%84.3%86.2%85.8%84.3%
IV Rank19.5%0.0%46.5%38.6%7.3%
IV Percentile57.2%0.0%98.0%94.4%12.7%
Term Structure-5.7%-27.0%12.2%-15.6%11.1%
VWIV46.2%37.1%62.7%62.7%52.4%
Skew 25d-4.0%-35.6%17.0%6.8%-1.9%
Skew 10d-5.7%-24.5%10.3%-4.0%-4.5%
Call IV 25d48.6%26.7%83.1%75.8%26.8%
Put IV 25d44.6%23.3%84.2%82.6%24.9%
Bid-Ask Spread %80.4946.26116.4399.36102.89
Gamma HHI0.160.110.210.190.16
Net GEX7.9K4.7K13.2K7.7K13.2K
Net DEX-891.3K-1.0M-707.2K-896.4K-1.0M
Net VEX-1.2K-1.5K-912-1.5K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.001.500.000.88
Total Volume7.333032215
Total OI416.571383455383455

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$41.66$40.0079.0%22.7%136.3%38.6%0.0%6.8%-15.6%7.7K-896.4K-1.5K0.0099.36N/AN/A2032162
2025-05-02$40.91$40.0090.4%25.9%127.3%46.5%0.0%1.1%-27.0%7.5K-855.9K-1.5K0.00104.90N/AN/A0032362
2025-05-05$42.33$0.0081.8%19.0%114.6%40.5%62.7%-3.8%-9.2%6.7K-950.8K-1.3K0.0070.30N/AN/A2032362
2025-05-06$41.97$42.0056.2%19.2%113.4%22.6%0.0%-7.1%-7.7%7.6K-937.6K-1.2K0.0073.74N/AN/A0032562
2025-05-07$42.45$42.0085.5%17.7%110.8%43.1%0.0%2.7%-7.3%7.8K-961.5K-1.3K0.00104.95N/AN/A0032562
2025-05-08$40.83$42.0075.8%17.1%82.9%36.3%0.0%0.5%-8.4%6.7K-891.1K-1.1K0.00116.43N/AN/A6032562
2025-05-09$40.55$42.0056.3%13.2%58.3%22.7%0.0%-9.5%-2.3%6.6K-873.2K-1.1K0.0046.26N/AN/A0033162
2025-05-12$38.52$42.0040.6%11.3%55.6%11.7%45.7%-8.5%-1.5%4.9K-753.4K-9120.1468.49N/AN/A28433162
2025-05-13$36.90$42.0049.2%11.5%57.1%17.5%39.1%10.8%-3.7%4.7K-707.2K-9661.5076.16N/AN/A101535764
2025-05-14$37.85$35.0038.5%11.0%58.0%10.0%0.0%-7.3%0.8%7.6K-767.5K-1.2K0.0061.75N/AN/A0036774
2025-05-15$37.77$35.0039.3%11.3%58.1%10.0%37.1%-6.4%-3.3%6.7K-764.1K-1.1K0.6074.91N/AN/A5336774
2025-05-16$37.70$35.0039.3%11.3%54.7%9.9%0.0%-13.7%-7.2%5.6K-746.6K-1.0K0.0071.53N/AN/A0037277
2025-05-19$38.82$35.0041.4%11.9%49.4%11.4%44.4%-6.0%-1.1%5.4K-825.4K-1.1K0.0961.08N/AN/A11134266
2025-05-20$39.42$35.0042.5%12.2%45.2%12.2%40.1%-25.2%-4.9%6.9K-870.7K-1.1K0.0067.10N/AN/A0435367
2025-05-21$40.62$37.0047.6%13.7%46.5%15.8%46.8%-35.6%-7.4%7.4K-933.2K-1.1K0.0078.04N/AN/A5035371
2025-05-22$40.97$37.0047.1%13.5%45.0%15.4%47.1%5.8%-10.4%9.4K-980.1K-1.3K0.0068.01N/AN/A13035571
2025-05-23$40.98$37.0046.5%13.3%44.9%15.0%0.0%-7.6%-9.2%10.5K-999.4K-1.3K0.0072.57N/AN/A1036671
2025-05-27$40.32$37.0044.4%12.7%44.8%13.6%0.0%-12.1%-8.9%10.7K-948.5K-1.2K0.0077.98N/AN/A10036571
2025-05-28$41.30$37.0037.1%10.6%45.6%8.4%0.0%17.0%-7.8%10.4K-994.0K-1.2K0.0098.27N/AN/A18036571
2025-05-29$40.87$37.0024.3%7.0%40.0%0.0%0.0%16.0%12.2%13.1K-1.0M-1.3K0.0095.61N/AN/A0138371
2025-05-30$41.52$37.0034.7%9.9%39.3%7.3%52.4%-1.9%11.1%13.2K-1.0M-1.3K0.88102.89N/AN/A8738372