DUG Options History — July 2025

In July 2025, DUG traded between $33.79 and $37.41. ATM implied volatility averaged 32.4%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 5.4% (HV 20d: 37.7%). Max pain ranged from $33.00 to $37.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.44.

Notable Days

  • 2025-07-17: Highest Volume — 30 contracts
  • 2025-07-02: Largest IV spike — 86.5% change
  • 2025-07-18: Highest IV Rank — 14.1%
  • 2025-07-18: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.55$33.79$37.41$36.70$35.49
Max Pain$34.41$33.00$37.00$36.00$33.00
ATM IV32.4%19.6%40.5%19.6%31.4%
Expected Move9.4%5.6%11.6%5.6%9.0%
HV 20d37.7%33.3%40.3%37.8%36.6%
HV 60d47.7%37.1%78.8%78.8%37.1%
IV Rank8.7%0.0%14.1%0.0%8.0%
IV Percentile13.5%0.0%36.1%0.0%9.5%
Term Structure2.1%-16.1%14.0%13.2%-6.1%
VWIV32.4%20.1%40.8%34.8%40.8%
Skew 25d-3.3%-18.0%14.3%-13.3%-2.7%
Skew 10d-2.4%-8.1%6.9%-2.2%0.0%
Call IV 25d28.2%21.4%42.5%32.4%42.0%
Put IV 25d25.0%19.2%39.3%19.2%39.3%
Bid-Ask Spread %97.0984.41108.28104.9692.17
Gamma HHI0.150.120.180.140.14
Net GEX6.8K2.9K10.4K10.4K6.4K
Net DEX-69.9K-178.7K54.2K-136.9K-117.0K
Net VEX-1.1K-1.2K-917-1.1K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.003.000.001.67
Total Volume6.636030165
Total OI328.5255439317282

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$36.70$36.0019.6%5.6%37.8%0.0%34.8%-13.3%13.2%10.4K-136.9K-1.1K0.00104.96N/AN/A01624275
2025-07-02$35.81$37.0036.6%10.5%37.3%11.5%0.0%-18.0%-16.1%6.7K-51.8K-1.1K0.00100.29N/AN/A1024291
2025-07-03$35.45$35.0031.5%10.3%33.3%8.1%0.0%-12.0%-2.8%6.1K-32.9K-1.1K0.0084.41N/AN/A3024391
2025-07-07$36.58$35.0032.9%11.0%35.9%9.0%0.0%-4.8%-6.3%7.8K-104.0K-1.1K0.0089.95N/AN/A7024691
2025-07-08$34.49$35.0038.1%10.4%39.3%12.5%0.0%-2.7%-0.7%4.8K27.3K-9790.4096.13N/AN/A5225091
2025-07-09$34.76$35.0035.0%10.0%39.7%10.5%0.0%-2.7%-0.9%5.4K15.1K-1.0K0.20103.43N/AN/A20425593
2025-07-10$34.30$35.0027.9%8.0%39.0%5.6%0.0%-0.9%11.7%4.6K36.4K-1.1K0.00100.69N/AN/A0330097
2025-07-11$33.79$35.0027.9%8.0%38.3%5.6%0.0%-2.1%14.0%2.9K54.2K-1.1K0.00103.12N/AN/A20300100
2025-07-14$34.83$35.0030.1%8.6%40.3%7.1%0.0%-1.4%10.3%5.2K10.8K-1.1K3.00100.31N/AN/A13302100
2025-07-15$35.64$35.0035.6%10.2%39.8%10.9%0.0%5.0%-1.3%7.1K-33.8K-1.1K0.0095.71N/AN/A70302103
2025-07-16$36.16$35.0039.8%11.4%40.0%13.7%0.0%-1.9%-6.5%8.3K-81.9K-1.2K0.0098.61N/AN/A150302103
2025-07-17$35.95$35.0037.8%10.8%39.1%12.3%0.0%-9.7%-1.2%8.8K-59.9K-1.1K0.0087.67N/AN/A300308103
2025-07-18$36.64$35.0040.5%11.6%39.6%14.1%39.0%2.2%2.3%9.2K-132.9K-1.2K0.0096.12N/AN/A30338101
2025-07-21$37.41$35.0029.7%8.5%39.7%6.9%23.1%14.3%11.9%8.4K-178.7K-1.2K0.0096.49N/AN/A0120352
2025-07-22$36.81$33.0029.5%8.5%36.1%6.7%34.4%-12.0%12.5%7.7K-151.8K-1.2K0.0092.86N/AN/A0220353
2025-07-23$35.91$33.0036.1%10.4%36.2%11.2%35.8%2.1%-2.7%7.4K-128.6K-1.2K0.0087.88N/AN/A0220354
2025-07-24$35.38$33.0028.5%8.2%36.5%6.0%0.0%-11.5%11.0%7.0K-118.4K-1.2K0.0091.78N/AN/A0020356
2025-07-25$35.48$33.0027.0%7.7%36.0%5.0%32.3%-0.3%1.0%7.4K-103.1K-1.1K0.00108.28N/AN/A0220356
2025-07-28$34.89$33.0033.1%9.5%35.9%9.1%20.1%-0.9%1.1%6.8K-92.9K-1.0K0.0099.46N/AN/A0320358
2025-07-29$34.33$33.0029.9%8.6%36.1%7.0%23.0%-1.3%-4.2%5.3K-58.6K-9220.00106.89N/AN/A0120361
2025-07-30$35.41$33.0033.8%9.7%37.6%9.6%40.5%2.6%6.5%6.3K-97.9K-9171.6798.77N/AN/A3520362
2025-07-31$35.49$33.0031.4%9.0%36.6%8.0%40.8%-2.7%-6.1%6.4K-117.0K-1.1K0.0092.17N/AN/A0521567