DAPP Options History — December 2021

In December 2021, DAPP traded between $18.07 and $28.32. ATM implied volatility averaged 88.0%. The 30-day expected move averaged 21.6%. IV traded above realized volatility by 12.6% (HV 20d: 75.4%). Max pain ranged from $20.00 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.81.

Notable Days

  • 2021-12-03: Highest Volume — 249 contracts
  • 2021-12-15: Largest IV drop — 54.3% change
  • 2021-12-31: Largest Expected Move — 30.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.88$18.07$28.32$28.32$18.61
Max Pain$26.95$20.00$30.00$30.00$20.00
ATM IV88.0%60.0%139.3%72.5%105.2%
Expected Move21.6%17.2%30.2%20.8%30.2%
HV 20d75.4%56.7%88.5%56.7%87.4%
HV 60d65.1%57.2%70.6%57.2%69.3%
Term Structure-4.5%-26.1%16.1%-10.6%-14.9%
VWIV82.5%65.6%102.1%90.0%96.9%
Skew 25d-1.5%-23.8%32.9%-15.0%9.9%
Skew 10d15.0%-12.3%65.7%3.0%65.7%
Call IV 25d87.0%61.7%99.6%99.6%92.4%
Put IV 25d85.5%64.0%109.8%84.7%102.3%
Bid-Ask Spread %128.79121.02136.26121.02131.24
Gamma HHI0.120.090.160.160.09
Net GEX2.2K3176.9K6.9K972
Net DEX-18.3K-239.8K55.6K-239.8K34.5K
Net VEX-1.1K-1.6K-694-1.6K-820
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.681.031.030.74
Total Volume231.773197249244243
Total OI374.364311402357381

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$28.32$30.0072.5%20.8%56.7%0.0%90.0%-15.0%-10.6%6.9K-239.8K-1.6K1.03121.02N/AN/A120124250107
2021-12-02$27.17$30.0077.5%22.2%57.4%0.0%90.2%22.8%-10.6%5.5K-183.7K-1.6K0.99122.93N/AN/A120119260110
2021-12-03$23.99$30.0083.1%23.8%70.5%0.0%102.1%-0.9%-26.1%3.8K-100.1K-1.4K1.01123.93N/AN/A124125260111
2021-12-06$23.82$29.00101.1%19.3%70.4%0.0%65.6%-18.6%-1.5%2.5K-3.1K-1.1K0.94122.82N/AN/A125118271118
2021-12-07$25.00$29.00102.0%19.4%68.3%0.0%71.4%-6.0%4.4%3.6K-86.5K-1.4K0.95134.56N/AN/A123117274117
2021-12-08$25.41$29.00100.0%18.3%69.0%0.0%71.3%-5.3%9.3%3.5K-92.3K-1.4K0.88133.23N/AN/A123108274117
2021-12-09$23.43$29.0088.8%19.3%71.4%0.0%73.8%-3.5%14.8%2.6K-50.7K-1.3K0.83129.74N/AN/A126104274115
2021-12-10$23.05$28.00109.4%18.6%69.6%0.0%75.3%-10.1%14.7%2.6K-15.9K-1.2K0.77124.78N/AN/A12899281115
2021-12-13$21.73$28.00113.5%21.5%69.2%0.0%82.0%-15.1%-7.8%1.9K3.2K-1.1K0.77126.39N/AN/A12899281116
2021-12-14$21.76$28.00139.3%20.1%69.5%0.0%76.4%-0.8%-6.9%1.7K9.4K-1.1K0.78131.63N/AN/A12799281116
2021-12-15$22.32$28.0063.7%18.3%70.4%0.0%74.5%-23.8%-1.7%1.5K22.8K-1.0K0.76124.43N/AN/A13099280116
2021-12-16$21.08$28.0071.5%20.5%71.8%0.0%85.9%0.8%-4.5%1.6K33.7K-9320.78124.09N/AN/A12799283116
2021-12-17$20.84$28.0073.4%21.0%70.9%0.0%81.2%20.2%-7.4%2.0K55.6K-8650.80135.31N/AN/A127102286116
2021-12-20$18.07$28.0086.0%24.7%79.9%0.0%81.4%21.9%-0.2%1.0K34.8K-6940.73131.80N/AN/A1148323081
2021-12-21$19.06$28.0082.3%23.6%83.9%0.0%91.7%13.4%-9.4%79844.1K-7590.81132.24N/AN/A12310023297
2021-12-22$19.27$28.0070.4%20.2%84.1%0.0%86.2%-21.8%-3.5%92936.8K-8180.69128.14N/AN/A13191241100
2021-12-23$20.53$26.0060.0%17.2%88.5%0.0%75.3%-18.0%16.1%1.0K33.1K-7940.69125.73N/AN/A13593251100
2021-12-27$20.60$25.0092.4%26.5%88.2%0.0%94.3%32.9%-8.9%2.3K-36.9K-1.1K0.68136.26N/AN/A13693259103
2021-12-28$19.45$22.0066.5%19.1%87.0%0.0%74.2%-22.6%-11.9%1.4K20.7K-8440.74128.36N/AN/A136101260103
2021-12-29$18.83$22.0087.6%25.1%87.1%0.0%80.3%11.1%-21.1%31749.7K-7860.72130.76N/AN/A141101260113
2021-12-30$19.02$20.0090.5%25.9%87.8%0.0%94.7%-5.1%-11.7%1.0K26.9K-8630.74134.06N/AN/A137101267113
2021-12-31$18.61$20.00105.2%30.2%87.4%0.0%96.9%9.9%-14.9%97234.5K-8200.74131.24N/AN/A140103268113