DUG Options History — March 2026

In March 2026, DUG traded between $16.14 and $20.70. ATM implied volatility averaged 111.4%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 77.5% (HV 20d: 33.9%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.17.

Notable Days

  • 2026-03-09: Highest Volume — 1,228 contracts
  • 2026-03-18: Largest IV spike — 651.9% change
  • 2026-03-18: Highest IV Rank — 100.0%
  • 2026-03-03: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.70$16.14$20.70$19.72$16.95
Max Pain$20.27$20.00$21.00$21.00$20.00
ATM IV111.4%45.9%494.5%74.9%64.0%
Expected Move16.2%10.8%25.2%21.5%18.3%
HV 20d33.9%29.2%45.1%45.1%32.2%
HV 60d41.5%39.7%43.5%43.2%40.6%
IV Rank39.3%18.8%100.0%38.3%30.9%
IV Percentile82.1%53.2%100.0%91.7%83.3%
Term Structure-3.5%-23.7%16.3%-12.6%-2.0%
VWIV54.5%41.4%67.6%41.4%49.3%
Skew 25d3.9%-14.8%27.2%19.6%7.8%
Skew 10d3.5%-21.1%39.1%-6.7%9.1%
Call IV 25d56.9%38.9%77.6%62.6%59.0%
Put IV 25d60.8%36.2%93.0%82.2%66.8%
Bid-Ask Spread %66.0824.67127.21127.2140.21
Gamma HHI0.470.170.700.240.53
Net GEX29.0K2.4K53.7K2.4K31.8K
Net DEX-355.7K-1.3M-2.3K-2.3K-191.8K
Net VEX-2.4K-3.8K-487-487-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.001.690.000.00
Total Volume163.27321,2284854
Total OI1,422.8642752,0932752,019

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$19.72$21.0074.9%21.5%45.1%38.3%41.4%19.6%-12.6%2.4K-2.3K-4870.00127.21N/AN/A48024134
2026-03-03$20.18$21.0087.8%25.2%44.5%46.9%0.0%13.2%-23.7%2.7K-20.6K-5410.00126.64N/AN/A2028134
2026-03-04$20.29$21.0063.6%18.2%40.7%30.7%61.0%-0.9%-15.0%3.5K-41.0K-7130.50113.29N/AN/A522628334
2026-03-05$20.16$21.0061.5%14.6%37.9%29.3%50.0%-2.7%3.9%3.9K-51.6K-7670.09106.95N/AN/A33332345
2026-03-06$20.20$21.0080.6%15.2%35.9%42.1%67.6%27.2%-15.0%4.3K-78.9K-8430.08112.54N/AN/A60535646
2026-03-09$20.37$21.0060.0%16.0%34.1%28.2%57.5%-1.8%-7.1%5.1K-112.4K-1.1K0.05101.48N/AN/A1,1686036750
2026-03-10$20.70$20.0064.8%15.0%34.7%31.5%54.8%11.8%-4.8%53.7K-1.3M-3.8K0.02107.64N/AN/A835151,39190
2026-03-11$19.79$20.0045.9%13.2%37.6%18.8%44.2%-8.8%16.3%50.2K-982.6K-3.5K1.69106.73N/AN/A591001,32597
2026-03-12$19.27$20.0053.3%15.2%34.5%23.8%52.9%-4.1%-3.6%37.4K-596.8K-3.3K0.0343.27N/AN/A14951,348197
2026-03-13$19.30$20.0056.6%13.5%32.4%26.0%55.1%5.1%-18.6%41.9K-723.4K-3.6K0.0038.58N/AN/A3801,478199
2026-03-16$19.21$20.0052.2%17.5%32.4%23.0%48.8%-0.1%-15.8%40.6K-665.6K-3.5K0.0039.21N/AN/A4201,511199
2026-03-17$18.75$20.0052.8%12.3%31.2%23.4%52.3%20.7%7.3%38.1K-462.7K-3.1K0.4144.53N/AN/A2461001,531199
2026-03-18$18.73$20.00397.0%10.8%29.7%100.0%51.4%-13.3%10.7%52.8K-311.6K-3.3K0.1944.57N/AN/A1631,773275
2026-03-19$18.25$20.00494.5%19.1%30.1%100.0%54.0%10.7%7.3%43.8K-374.8K-3.5K0.0542.61N/AN/A6631,789272
2026-03-20$18.20$20.00379.0%14.6%29.2%100.0%57.0%18.0%2.9%45.6K-372.9K-3.5K0.0642.78N/AN/A15691,825268
2026-03-23$17.86$20.0072.7%19.8%29.5%36.8%50.4%18.1%-4.9%40.6K-687.1K-3.4K0.0043.40N/AN/A301,664160
2026-03-24$17.16$20.0054.9%10.8%31.3%24.8%56.0%7.4%10.3%29.5K-170.0K-2.2K0.0041.09N/AN/A8701,666160
2026-03-25$17.09$20.0053.2%13.4%30.4%23.7%54.3%-12.4%3.1%30.7K-184.8K-2.4K0.0041.80N/AN/A3301,746160
2026-03-26$16.64$20.0055.4%15.9%30.9%25.2%61.5%-7.6%4.8%31.2K-293.2K-2.6K0.1328.43N/AN/A1621,768160
2026-03-27$16.14$20.0065.7%18.8%30.7%32.1%61.9%-14.8%-13.7%25.0K-153.3K-2.2K0.0024.67N/AN/A8001,782160
2026-03-30$16.42$20.0060.5%17.3%30.9%28.6%63.4%-8.3%-6.1%23.1K-84.3K-1.9K0.5036.07N/AN/A1261,837160
2026-03-31$16.95$20.0064.0%18.3%32.2%30.9%49.3%7.8%-2.0%31.8K-191.8K-2.2K0.0040.21N/AN/A5401,853166