DUG Options History — October 2025

In October 2025, DUG traded between $33.17 and $36.72. ATM implied volatility averaged 44.4%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 8.7% (HV 20d: 35.7%). Max pain ranged from $32.00 to $36.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.01.

Notable Days

  • 2025-10-02: Highest Volume — 50 contracts
  • 2025-10-10: Largest IV spike — 34.6% change
  • 2025-10-14: Highest IV Rank — 28.0%
  • 2025-10-30: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.60$33.17$36.72$33.17$33.95
Max Pain$34.57$32.00$36.00$35.00$32.00
ATM IV44.4%31.1%59.6%33.3%52.4%
Expected Move12.3%9.6%15.9%9.6%15.0%
HV 20d35.7%31.8%38.8%36.1%34.3%
HV 60d33.0%31.3%34.1%32.0%33.3%
IV Rank17.8%8.9%28.0%10.4%23.2%
IV Percentile53.9%13.5%86.5%21.0%74.6%
Term Structure-1.3%-10.5%7.1%-0.1%-4.2%
VWIV35.9%24.0%45.5%24.0%40.5%
Skew 25d-4.7%-17.6%11.0%-5.6%-12.4%
Skew 10d-3.6%-18.5%11.1%-0.8%3.6%
Call IV 25d44.5%23.7%57.8%35.7%55.2%
Put IV 25d39.8%30.1%53.5%30.1%42.8%
Bid-Ask Spread %109.4267.30134.0695.93133.25
Gamma HHI0.190.120.450.130.18
Net GEX9.1K5.3K25.4K5.3K8.0K
Net DEX-137.6K-282.5K-49.0K-54.1K-137.6K
Net VEX-979-1.5K-727-783-982
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.110.110.00
Total Volume6.739050311
Total OI398.435347495347373

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$33.17$35.0033.3%9.6%36.1%10.4%0.0%-5.6%-0.1%5.3K-54.1K-7830.1195.93N/AN/A28327671
2025-10-02$33.97$35.0035.9%10.3%36.8%12.1%24.0%10.1%-2.1%6.6K-82.7K-9110.00102.38N/AN/A50030474
2025-10-03$33.48$34.0034.9%10.0%33.5%11.4%35.3%-1.7%-0.1%7.8K-76.1K-9900.0095.28N/AN/A0835074
2025-10-06$33.25$0.0033.9%10.0%33.3%10.8%0.0%-4.4%-1.3%7.1K-61.8K-9450.0087.75N/AN/A0035076
2025-10-07$33.40$0.0031.1%10.2%32.9%8.9%0.0%-8.4%0.9%6.9K-49.0K-7570.0068.35N/AN/A0635076
2025-10-08$33.62$0.0034.1%10.0%31.8%10.9%0.0%-6.7%1.0%6.3K-63.9K-9050.0067.30N/AN/A0035082
2025-10-09$34.45$0.0036.3%10.2%33.1%12.4%0.0%-5.0%-0.7%8.3K-108.9K-1.0K0.0078.99N/AN/A3035082
2025-10-10$36.35$0.0048.8%12.4%38.1%20.8%0.0%-1.8%3.0%9.4K-178.3K-7500.00104.33N/AN/A2035382
2025-10-13$35.63$0.0053.8%13.2%38.8%24.1%0.0%-7.3%-10.5%8.6K-152.8K-7440.0093.08N/AN/A0035582
2025-10-14$35.70$0.0059.6%10.6%36.6%28.0%0.0%-8.7%-1.1%11.6K-219.8K-1.2K0.00118.50N/AN/A0035582
2025-10-15$35.66$0.0046.3%13.3%36.5%19.1%0.0%-0.1%-3.8%10.3K-204.2K-1.2K0.00129.41N/AN/A0035582
2025-10-16$36.72$0.0046.4%13.3%37.7%19.1%45.5%-1.8%-2.4%9.6K-214.9K-8830.0098.41N/AN/A26035582
2025-10-17$35.98$36.0039.1%11.2%37.5%14.2%0.0%-6.1%4.0%25.4K-282.5K-1.5K0.00109.95N/AN/A0041382
2025-10-20$35.20$36.0050.0%14.3%38.5%21.6%0.0%-0.2%-1.7%9.6K-165.6K-1.1K0.00134.06N/AN/A10033514
2025-10-21$35.34$36.0048.5%13.9%36.1%20.6%0.0%2.6%-5.6%10.6K-184.8K-1.2K0.00121.08N/AN/A1034514
2025-10-22$34.30$36.0044.6%12.8%36.2%17.9%0.0%0.4%1.7%8.9K-140.9K-1.0K0.00130.18N/AN/A0034614
2025-10-23$33.39$36.0040.0%11.5%37.3%14.9%0.0%11.0%7.1%6.3K-91.5K-7270.00124.63N/AN/A0034614
2025-10-24$34.27$36.0043.8%12.5%37.3%17.4%0.0%-2.6%6.7%7.0K-109.3K-7700.00110.81N/AN/A0034614
2025-10-27$34.22$36.0053.3%15.3%35.0%23.8%32.9%-16.9%-4.5%8.6K-139.6K-9860.00133.28N/AN/A0434614
2025-10-28$34.84$32.0049.2%14.1%34.8%21.0%37.4%-17.6%-4.8%8.6K-146.5K-9670.00121.97N/AN/A0434618
2025-10-29$34.41$32.0049.6%14.2%35.0%21.3%0.0%-14.5%-2.7%8.8K-151.4K-1.1K0.00130.32N/AN/A4034622
2025-10-30$34.55$32.0055.6%15.9%34.1%25.3%0.0%-11.1%-9.2%9.4K-148.7K-1.1K0.00127.35N/AN/A5034622
2025-10-31$33.95$32.0052.4%15.0%34.3%23.2%40.5%-12.4%-4.2%8.0K-137.6K-9820.00133.25N/AN/A0135122