DUG Options History — January 2026

In January 2026, DUG traded between $24.96 and $31.74. ATM implied volatility averaged 59.0%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 11.2% (HV 20d: 47.7%). Max pain ranged from $32.00 to $34.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.38.

Notable Days

  • 2026-01-02: Highest Volume — 50 contracts
  • 2026-01-08: Largest IV spike — 87.4% change
  • 2026-01-12: Highest IV Rank — 64.2%
  • 2026-01-27: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.27$24.96$31.74$31.23$24.96
Max Pain$33.90$32.00$34.00$32.00$34.00
ATM IV59.0%37.8%113.6%48.3%62.0%
Expected Move13.7%9.9%18.6%13.8%17.8%
HV 20d47.7%39.4%53.6%39.4%44.5%
HV 60d39.5%36.2%40.4%36.2%39.7%
IV Rank27.6%13.4%64.2%20.4%29.6%
IV Percentile72.2%37.3%99.2%61.9%86.9%
Term Structure-5.2%-36.8%17.7%-27.7%-36.8%
VWIV47.7%45.5%50.0%50.0%45.5%
Skew 25d-2.4%-24.8%4.7%-3.7%-3.6%
Skew 10d-1.5%-14.4%35.7%11.2%35.7%
Call IV 25d44.8%30.0%67.7%35.0%40.5%
Put IV 25d42.4%27.0%71.3%31.3%36.9%
Bid-Ask Spread %127.62103.09138.08126.42124.74
Gamma HHI0.230.180.320.240.25
Net GEX1.1K-8195.9K3.0K347
Net DEX75.4K21.4K97.0K46.9K96.2K
Net VEX-318-624-160-624-160
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.002.002.000.00
Total Volume4.85050500
Total OI299.28848848488

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$31.23$32.0048.3%13.8%39.4%20.4%0.0%-3.7%-27.7%3.0K46.9K-6240.00126.42N/AN/A05040777
2026-01-05$29.47$34.0049.1%10.3%44.4%21.0%0.0%2.6%4.2%1.5K67.5K-3900.00127.69N/AN/A0040756
2026-01-06$30.84$34.0044.9%9.9%47.7%18.1%0.0%-0.6%2.8%2.9K61.0K-3940.00127.01N/AN/A0340756
2026-01-07$31.74$34.0037.8%10.9%47.6%13.4%0.0%-1.9%17.7%5.9K21.4K-4532.00132.26N/AN/A1240759
2026-01-08$29.70$34.0070.9%10.0%52.9%35.6%0.0%-6.4%-2.9%1.6K67.7K-3970.00127.17N/AN/A0040860
2026-01-09$29.66$34.0094.8%13.9%52.5%51.6%0.0%-6.6%-7.1%2.5K50.8K-4150.00137.30N/AN/A2040860
2026-01-12$30.12$34.00113.6%12.9%52.5%64.2%0.0%-4.0%4.8%2.8K54.5K-3860.00137.28N/AN/A0041060
2026-01-13$29.30$34.0088.6%12.0%52.8%47.4%0.0%0.5%0.2%1.1K82.9K-3320.00131.27N/AN/A1041060
2026-01-14$28.12$34.0050.0%14.3%53.6%21.6%50.0%0.6%-4.5%34597.0K-2970.00132.76N/AN/A10041160
2026-01-15$28.41$34.0044.5%12.8%49.0%17.9%45.5%-6.6%0.5%-36095.7K-3100.30103.09N/AN/A20642160
2026-01-16$28.43$34.0057.8%16.6%47.6%26.8%0.0%2.0%0.6%-81990.3K-3500.00138.08N/AN/A0042464
2026-01-20$28.48$34.0060.0%17.2%45.6%28.3%0.0%3.0%-3.8%-80964.9K-3180.00132.33N/AN/A003850
2026-01-21$27.25$34.0040.4%11.6%47.0%15.2%0.0%0.5%3.7%27986.2K-2330.00122.67N/AN/A003850
2026-01-22$26.96$34.0051.1%14.7%46.7%22.3%0.0%-10.1%-6.4%-779.6K-2570.00113.62N/AN/A003850
2026-01-23$26.66$34.0045.7%13.1%46.7%18.7%0.0%-24.8%-2.5%34788.8K-2120.00114.59N/AN/A003850
2026-01-26$26.66$34.0060.9%17.5%46.9%28.9%0.0%3.8%-7.2%3485.7K-2340.00132.69N/AN/A003850
2026-01-27$26.19$34.0064.9%18.6%45.8%31.5%0.0%3.5%-12.3%-15681.3K-2360.00135.16N/AN/A003850
2026-01-28$25.90$34.0039.6%11.4%45.6%14.6%0.0%-0.4%-20.9%31095.1K-1880.00132.50N/AN/A203850
2026-01-29$25.31$34.0054.3%15.6%45.7%24.4%0.0%4.7%-7.0%29294.4K-1800.00123.83N/AN/A003850
2026-01-30$24.96$34.0062.0%17.8%44.5%29.6%0.0%-3.6%-36.8%34796.2K-1600.00124.74N/AN/A003850