DUG Options History — February 2026

In February 2026, DUG traded between $20.45 and $25.68. ATM implied volatility averaged 58.2%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 15.6% (HV 20d: 42.6%). Max pain ranged from $21.00 to $34.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.01.

Notable Days

  • 2026-02-19: Highest Volume — 62 contracts
  • 2026-02-18: Largest IV spike — 51.5% change
  • 2026-02-19: Highest IV Rank — 45.2%
  • 2026-02-19: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.10$20.45$25.68$25.68$20.45
Max Pain$25.09$21.00$34.00$34.00$21.00
ATM IV58.2%32.9%85.2%49.0%56.3%
Expected Move16.1%9.4%24.4%14.1%16.1%
HV 20d42.6%38.5%46.3%45.7%44.2%
HV 60d43.0%40.0%44.0%40.0%43.3%
IV Rank27.1%10.1%45.2%20.9%25.8%
IV Percentile73.7%21.0%95.6%63.9%77.4%
Term Structure-7.2%-45.3%13.9%-15.1%8.6%
VWIV58.1%54.7%61.2%54.7%57.3%
Skew 25d3.4%-14.9%31.2%-1.8%2.8%
Skew 10d-3.1%-36.0%24.1%1.3%-5.8%
Call IV 25d53.0%33.5%83.8%37.6%51.4%
Put IV 25d56.4%30.9%90.2%35.7%54.2%
Bid-Ask Spread %121.70102.60140.49123.36103.39
Gamma HHI0.230.150.340.270.25
Net GEX1.2K2593.0K4002.7K
Net DEX58.6K-13.6K99.2K99.2K-13.6K
Net VEX-314-596-120-161-582
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.110.000.00
Total Volume11.73706252
Total OI172.1058827388273

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$25.68$34.0049.0%14.1%45.7%20.9%0.0%-1.8%-15.1%40099.2K-1610.00123.36N/AN/A503850
2026-02-03$24.13$34.0060.5%17.4%46.3%28.6%0.0%-6.2%-9.8%25985.2K-1810.00123.21N/AN/A004350
2026-02-04$22.98$34.0063.2%18.1%43.3%30.4%0.0%31.2%-21.8%27095.3K-1200.00125.34N/AN/A504350
2026-02-05$23.62$0.0061.0%14.6%43.1%28.9%0.0%1.8%1.2%59288.5K-1550.00135.72N/AN/A504850
2026-02-06$22.69$0.0078.6%18.5%39.8%40.7%0.0%-3.6%9.7%62676.1K-1900.00124.33N/AN/A2005350
2026-02-09$22.34$0.0071.7%19.4%39.6%36.1%0.0%29.3%-45.3%59283.4K-1540.00134.53N/AN/A007350
2026-02-10$22.39$0.0052.5%12.3%38.5%23.2%0.0%2.1%0.1%59685.7K-1410.00102.60N/AN/A1107350
2026-02-11$21.27$0.0037.4%10.7%40.5%13.1%0.0%3.8%8.3%88076.1K-1810.00110.60N/AN/A0108450
2026-02-12$21.88$0.0042.6%12.2%42.2%16.6%0.0%0.3%7.9%61379.0K-2850.00127.39N/AN/A008460
2026-02-13$21.74$0.0032.9%9.4%41.4%10.1%0.0%-2.6%12.7%59588.2K-2330.00130.00N/AN/A508460
2026-02-17$22.22$0.0047.1%13.5%43.0%19.6%54.7%14.2%-11.3%90783.8K-2490.02124.66N/AN/A5018960
2026-02-18$21.47$23.0071.4%20.5%43.4%35.9%0.0%4.3%-9.7%1.4K72.1K-3800.00140.49N/AN/A0014461
2026-02-19$21.02$23.0085.2%24.4%42.0%45.2%0.0%3.5%-38.3%1.3K72.4K-3760.00117.69N/AN/A62014461
2026-02-20$21.29$21.0065.5%18.8%43.0%32.0%59.7%-3.9%-12.3%1.9K68.9K-4770.11119.13N/AN/A18220761
2026-02-23$21.09$23.0055.8%16.0%43.0%25.5%57.4%-8.5%-15.6%3.0K-9.6K-5960.00106.06N/AN/A9021334
2026-02-24$21.10$21.0052.5%15.1%43.0%23.3%0.0%6.7%13.9%2.2K-1.6K-4660.00120.44N/AN/A5022134
2026-02-25$21.34$21.0065.1%18.7%43.7%31.7%0.0%6.4%5.1%2.3K-6.2K-4890.00137.34N/AN/A5022634
2026-02-26$21.13$21.0057.5%16.5%43.7%26.6%61.2%-14.9%-25.4%2.5K-9.2K-5440.00105.94N/AN/A8023134
2026-02-27$20.45$21.0056.3%16.1%44.2%25.8%57.3%2.8%8.6%2.7K-13.6K-5820.00103.39N/AN/A2023934