DAPP Options History — March 2023

In March 2023, DAPP traded between $3.40 and $4.70. ATM implied volatility averaged 102.6%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 34.8%. IV traded above realized volatility by 24.8% (HV 20d: 77.8%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 10.76.

Notable Days

  • 2023-03-14: Highest Volume — 1,057 contracts
  • 2023-03-10: Largest IV spike — 215.5% change
  • 2023-03-10: Highest IV Rank — 36.0%
  • 2023-03-13: Largest Expected Move — 86.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.12$3.40$4.70$4.21$4.63
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV102.6%50.0%185.4%81.0%60.5%
Expected Move34.8%17.4%86.1%23.2%17.4%
HV 20d77.8%67.6%87.0%80.4%87.0%
HV 60d82.4%77.2%87.1%78.3%85.3%
IV Rank18.9%8.0%36.0%14.4%10.2%
IV Percentile29.8%0.8%78.6%11.9%2.0%
Term Structure70.4%-50.0%225.4%96.3%159.9%
VWIV78.8%46.9%124.7%81.0%63.1%
Skew 25d27.8%-68.1%135.3%-31.4%38.7%
Skew 10d12.0%-106.7%120.4%-39.8%59.8%
Call IV 25d143.7%53.7%324.3%111.2%53.7%
Put IV 25d171.5%57.5%364.3%79.9%92.4%
Bid-Ask Spread %157.88124.19176.70156.00158.56
Gamma HHI0.520.260.890.730.37
Net GEX-2.2K-7.4K216-3.8K106
Net DEX26.2K-21.5K203.8K40.6K-2.9K
Net VEX-267-542-125-306-264
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.760.0063.001.000.00
Total Volume68.95701,05722
Total OI2,460.1741,6183,7692,6921,995

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$4.21$4.0081.0%23.2%80.4%14.4%81.0%-31.4%96.3%-3.8K40.6K-3061.00156.00N/AN/A111962,496
2023-03-02$4.07$4.0081.2%23.3%76.8%14.5%114.7%-68.1%134.0%-5.0K61.7K-4230.06149.18N/AN/A1711962,497
2023-03-03$4.06$4.0087.4%25.1%71.6%15.8%103.6%-45.4%152.7%-4.5K14.2K-2490.00124.19N/AN/A302072,498
2023-03-06$4.03$0.0088.5%45.0%70.1%16.0%0.0%79.6%-50.0%-4.8K49.8K-3100.00155.11N/AN/A1102102,498
2023-03-07$3.93$0.0084.1%34.6%70.3%15.1%0.0%6.6%-33.2%-5.4K58.6K-3150.00148.39N/AN/A002202,498
2023-03-08$3.90$0.0050.0%45.8%70.3%8.0%0.0%126.4%85.3%-8419.5K-1900.25174.30N/AN/A822202,498
2023-03-09$3.57$0.0058.8%35.5%75.7%9.8%0.0%2.4%-33.7%-7.4K59.6K-2405.00149.51N/AN/A2102222,500
2023-03-10$3.40$0.00185.4%35.6%70.5%36.0%0.0%15.8%225.4%-7.1K203.8K-4730.00153.18N/AN/A002232,511
2023-03-13$3.79$0.0063.0%86.1%81.5%10.7%0.0%135.3%21.4%-37419.1K-1250.00169.45N/AN/A002232,500
2023-03-14$3.92$0.00166.8%40.0%82.6%32.1%0.0%40.5%-37.6%-5.8K74.6K-23141.28173.17N/AN/A251,0322232,500
2023-03-15$3.88$0.00164.7%47.2%78.5%31.7%0.0%21.8%-6.6%-6.5K110.3K-5420.00170.78N/AN/A002373,532
2023-03-16$4.04$0.00180.3%51.7%67.6%34.9%0.0%47.2%0.0%-8849.7K-2390.00176.70N/AN/A012373,532
2023-03-17$4.37$0.00175.3%50.2%74.2%33.9%59.0%63.1%156.1%-177-9.4K-2060.07168.85N/AN/A7252373,532
2023-03-20$4.32$4.00102.8%29.5%74.2%18.9%67.5%80.0%116.5%78-12.0K-2100.00165.51N/AN/A501151,503
2023-03-21$4.70$4.00167.5%48.0%77.8%32.3%46.9%53.5%97.1%209-21.5K-18157.50159.21N/AN/A21151191,503
2023-03-22$4.36$4.0072.1%20.7%82.3%12.6%67.6%35.6%6.6%130-12.2K-1970.00157.86N/AN/A2601221,618
2023-03-23$4.44$4.0071.8%20.6%82.5%12.5%61.1%27.3%153.6%216-17.9K-2320.00170.66N/AN/A201431,618
2023-03-24$4.28$4.0074.8%21.4%80.1%13.1%124.7%-35.5%35.8%159-11.1K-2424.00146.01N/AN/A141441,618
2023-03-27$4.10$4.0091.4%26.2%81.6%16.6%80.4%3.5%123.5%195-9.9K-21263.00166.61N/AN/A21261441,622
2023-03-28$4.04$4.0099.4%28.5%81.0%18.2%0.0%-5.4%55.9%175-8.8K-1820.00142.91N/AN/A01001431,748
2023-03-29$4.39$4.0081.7%23.4%86.5%14.6%75.9%23.1%28.1%-76-754-3020.00150.34N/AN/A1001431,848
2023-03-30$4.40$4.0070.4%20.2%85.4%12.2%0.0%25.5%62.3%-20-1.5K-2750.00144.73N/AN/A001471,848
2023-03-31$4.63$4.0060.5%17.4%87.0%10.2%63.1%38.7%159.9%106-2.9K-2640.00158.56N/AN/A201471,848