DAPP Options History — April 2023

In April 2023, DAPP traded between $4.40 and $5.87. ATM implied volatility averaged 129.9%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 37.1%. IV traded above realized volatility by 48.1% (HV 20d: 81.8%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 5.66.

Notable Days

  • 2023-04-13: Highest Volume — 361 contracts
  • 2023-04-13: Largest IV spike — 211.2% change
  • 2023-04-21: Highest IV Rank — 49.7%
  • 2023-04-21: Largest Expected Move — 72.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.15$4.40$5.87$4.61$5.33
Max Pain$4.21$4.00$6.00$4.00$4.00
ATM IV129.9%75.7%251.8%108.5%77.6%
Expected Move37.1%21.7%72.2%31.1%22.3%
HV 20d81.8%76.4%87.5%86.9%76.4%
HV 60d80.8%78.5%85.0%84.9%79.1%
IV Rank24.5%13.3%49.7%20.1%13.7%
IV Percentile46.5%10.3%90.5%43.7%11.5%
Term Structure28.0%-103.2%188.5%104.6%29.4%
VWIV113.1%62.3%266.4%70.8%72.0%
Skew 25d49.7%-88.7%246.1%32.8%23.9%
Skew 10d30.9%-194.6%190.8%-153.0%92.0%
Call IV 25d114.8%57.4%274.5%70.7%79.6%
Put IV 25d164.5%68.8%385.5%103.5%103.5%
Bid-Ask Spread %153.23120.54171.11153.61135.17
Gamma HHI0.340.240.450.350.33
Net GEX547-1531.6K6846
Net DEX-38.7K-96.3K-3.7K-9.8K-38.4K
Net VEX-295-582-234-281-278
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.660.0062.000.000.00
Total Volume44.31603611020
Total OI2,419.2631,9972,6671,9972,615

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$4.61$4.00108.5%31.1%86.9%20.1%0.0%32.8%104.6%6-9.8K-2810.00153.61N/AN/A1001491,848
2023-04-04$4.55$4.00145.2%41.6%86.4%27.7%0.0%54.4%29.2%-4-4.2K-2620.00169.38N/AN/A0581591,848
2023-04-05$4.40$4.0097.7%28.0%87.5%17.9%0.0%39.2%-25.6%36-3.7K-2780.00156.27N/AN/A001591,906
2023-04-06$4.48$6.0098.7%25.3%80.1%18.1%0.0%38.2%87.6%96-5.1K-2930.00171.11N/AN/A001591,906
2023-04-10$4.83$6.00178.2%50.9%79.9%34.5%70.8%110.7%-103.2%65-13.0K-24962.00169.55N/AN/A31861591,906
2023-04-11$5.31$4.0092.7%26.7%77.9%16.8%70.9%33.7%-11.9%554-38.5K-2340.00120.54N/AN/A1401622,062
2023-04-12$5.20$4.0076.4%21.9%78.7%13.5%90.0%21.9%-41.2%433-30.4K-2530.95138.31N/AN/A39371712,062
2023-04-13$5.76$4.00237.8%68.2%84.1%46.8%67.7%-43.6%188.5%888-62.2K-2494.92157.84N/AN/A613001852,099
2023-04-14$5.86$4.0075.7%21.7%83.7%13.3%115.9%8.1%66.0%1.5K-85.1K-2910.00152.34N/AN/A3402442,399
2023-04-17$5.67$4.0096.1%27.6%82.5%17.5%0.0%-88.7%-1.5%473-80.1K-2850.00145.35N/AN/A002682,399
2023-04-18$5.87$4.0082.2%23.6%82.3%14.7%0.0%11.4%23.7%1.6K-96.3K-2890.00160.38N/AN/A2002682,399
2023-04-19$5.52$4.00146.7%42.1%82.3%28.0%235.6%172.5%78.2%524-66.5K-2920.00165.18N/AN/A1202582,399
2023-04-20$5.10$4.00172.0%49.3%82.9%33.2%0.0%38.8%-31.4%1.5K-48.3K-3090.00147.66N/AN/A002682,399
2023-04-21$5.00$4.00251.8%72.2%83.4%49.7%266.4%20.9%-86.5%84-38.1K-2900.00156.17N/AN/A1702682,399
2023-04-24$4.95$4.00147.1%42.2%82.1%28.1%107.5%123.0%180.0%-153-10.7K-5820.00156.75N/AN/A2202002,395
2023-04-25$4.92$4.00201.4%57.7%80.1%39.3%0.0%246.1%-9.8%371-30.8K-3300.00163.66N/AN/A002212,395
2023-04-26$5.11$4.0093.2%26.7%80.2%17.0%84.6%44.0%8.5%642-28.9K-2800.00151.24N/AN/A302212,395
2023-04-27$5.31$4.0089.1%25.5%76.4%16.1%62.3%56.5%47.5%881-45.4K-2770.00140.77N/AN/A602212,395
2023-04-28$5.33$4.0077.6%22.3%76.4%13.7%72.0%23.9%29.4%846-38.4K-2780.00135.17N/AN/A0202202,395