DAPP Options History — January 2023

In January 2023, DAPP traded between $2.69 and $4.59. ATM implied volatility averaged 168.2%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 46.1%. IV traded above realized volatility by 87.3% (HV 20d: 80.8%). Max pain ranged from $3.00 to $5.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.14.

Notable Days

  • 2023-01-31: Highest Volume — 218 contracts
  • 2023-01-10: Largest IV spike — 198.7% change
  • 2023-01-06: Highest IV Rank — 78.4%
  • 2023-01-06: Largest Expected Move — 112.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.89$2.69$4.59$2.69$4.45
Max Pain$3.75$3.00$5.00$5.00$4.00
ATM IV168.2%62.3%390.8%78.6%115.3%
Expected Move46.1%17.9%112.0%22.5%33.1%
HV 20d80.8%44.2%95.6%44.2%91.6%
HV 60d76.6%66.8%82.4%66.8%79.4%
IV Rank32.4%10.6%78.4%13.9%21.5%
IV Percentile58.9%1.2%98.0%8.7%46.0%
Term Structure18.7%-246.4%316.5%-235.1%-7.9%
VWIV128.7%25.6%322.8%84.8%25.6%
Skew 25d-11.1%-262.4%71.9%-262.4%19.7%
Skew 10d-5.8%-380.5%194.3%-380.5%42.4%
Call IV 25d228.7%65.8%482.7%482.7%159.2%
Put IV 25d217.6%50.7%409.4%220.2%179.0%
Bid-Ask Spread %172.43147.40196.95172.33147.40
Gamma HHI0.750.490.860.760.64
Net GEX-3.6K-6.5K-270-1.6K-3.1K
Net DEX103.7K2.6K229.9K162.5K28.9K
Net VEX-773-1.2K-157-1.0K-387
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.140.0026.500.001.00
Total Volume21.7021810218
Total OI2,453.12,3572,4772,3572,434

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$2.69$5.0078.6%22.5%44.2%13.9%0.0%0.0%0.0%-1.6K162.5K-1.0K0.00172.33N/AN/A1001572,200
2023-01-04$2.98$5.00220.2%0.0%57.1%43.2%0.0%-262.4%0.0%-999105.8K-92826.50174.76N/AN/A41061672,200
2023-01-05$2.87$3.00234.6%93.7%57.6%46.1%0.0%62.2%-235.1%-2.8K207.1K-1.1K0.00180.98N/AN/A001672,306
2023-01-06$2.91$3.00390.8%112.0%57.8%78.4%0.0%19.8%-246.4%-2.8K212.2K-1.1K0.00184.06N/AN/A201672,306
2023-01-09$3.17$3.00119.8%39.6%65.9%22.4%0.0%7.4%-21.9%-4.5K229.9K-1.2K0.00194.64N/AN/A401692,306
2023-01-10$3.42$3.00357.6%0.0%71.0%71.6%0.0%-186.5%88.8%-1.5K134.8K-1.1K0.00196.95N/AN/A501692,306
2023-01-11$3.38$3.00253.8%72.8%71.2%50.1%0.0%71.9%-47.2%-3.5K205.3K-1.2K0.00162.80N/AN/A0111692,306
2023-01-12$3.98$3.00109.9%31.5%91.1%20.4%0.0%18.8%-12.7%-5.5K130.0K-1.0K0.00184.83N/AN/A101682,296
2023-01-13$4.08$3.00112.4%32.2%91.1%20.9%84.8%16.4%-17.0%-5.3K94.0K-8040.00160.46N/AN/A1301742,296
2023-01-17$4.42$4.00201.5%57.8%91.5%39.3%322.8%-51.4%316.5%-2702.6K-1570.00174.86N/AN/A1501812,296
2023-01-18$4.09$4.00154.3%44.2%95.6%29.6%0.0%34.5%248.9%-3.9K159.2K-1.1K0.00193.96N/AN/A001752,296
2023-01-19$4.09$4.0094.5%27.1%91.4%17.2%0.0%-138.8%42.2%-5.1K125.2K-9140.00154.49N/AN/A001742,296
2023-01-20$4.33$4.00155.0%44.4%92.4%29.7%81.7%-56.4%213.0%-4.5K99.8K-8480.00162.19N/AN/A901742,296
2023-01-23$4.57$4.0062.3%17.9%92.8%10.6%25.6%51.5%50.7%-6.5K14.0K-3600.33175.76N/AN/A931602,283
2023-01-24$4.48$4.0099.4%28.5%93.2%18.2%0.0%8.6%8.1%-3.5K41.9K-5330.00156.00N/AN/A301692,283
2023-01-25$4.42$4.00192.4%55.2%93.3%37.4%0.0%55.6%0.4%-4.1K56.3K-6770.00172.73N/AN/A001712,283
2023-01-26$4.44$4.00187.8%53.8%89.2%36.5%0.0%47.4%17.6%-5.7K5.6K-2000.00169.48N/AN/A001712,283
2023-01-27$4.59$4.00111.7%32.0%86.9%20.8%0.0%14.1%-48.6%-2.9K25.3K-4750.00161.17N/AN/A101712,283
2023-01-30$4.35$4.00111.1%31.9%91.7%20.6%0.0%56.3%-12.3%-3.4K34.3K-4301.00168.71N/AN/A10101712,283
2023-01-31$4.45$4.00115.3%33.1%91.6%21.5%0.0%19.7%-7.9%-3.1K28.9K-3870.00147.40N/AN/A02181612,273