DAPP Options History — May 2023

In May 2023, DAPP traded between $4.86 and $5.88. ATM implied volatility averaged 122.0%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 32.0%. IV traded above realized volatility by 48.8% (HV 20d: 73.2%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.44.

Notable Days

  • 2023-05-08: Highest Volume — 1,037 contracts
  • 2023-05-17: Largest IV spike — 137.4% change
  • 2023-05-02: Highest IV Rank — 42.1%
  • 2023-05-02: Largest Expected Move — 61.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.37$4.86$5.88$5.00$5.79
Max Pain$4.14$4.00$5.00$5.00$4.00
ATM IV122.0%65.9%215.1%114.2%128.2%
Expected Move32.0%18.9%61.7%32.7%36.7%
HV 20d73.2%66.6%80.9%79.0%66.6%
HV 60d77.5%75.7%79.6%79.1%77.1%
IV Rank22.9%11.3%42.1%21.3%24.2%
IV Percentile45.4%3.6%83.7%47.6%56.7%
Term Structure-2.7%-80.5%130.5%32.9%-42.8%
VWIV129.3%62.1%205.9%143.6%205.9%
Skew 25d-4.6%-136.8%82.2%12.7%33.8%
Skew 10d-10.0%-158.8%91.0%52.5%-61.8%
Call IV 25d115.8%52.8%230.0%158.2%114.2%
Put IV 25d111.2%60.4%191.8%170.9%148.1%
Bid-Ask Spread %150.69114.93171.68154.59141.35
Gamma HHI0.300.240.430.280.27
Net GEX413-115826276511
Net DEX-39.5K-66.8K-18.9K-28.2K-56.9K
Net VEX-301-410-110-343-269
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.007.000.000.00
Total Volume67.63601,0371155
Total OI3,470.1362,6353,8742,6353,766

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$5.00$5.00114.2%32.7%79.0%21.3%143.6%12.7%32.9%276-28.2K-3430.00154.59N/AN/A102202,415
2023-05-02$5.23$5.00215.1%61.7%80.2%42.1%125.5%82.2%-37.0%451-37.6K-3097.00162.02N/AN/A2142212,415
2023-05-03$5.09$5.00187.3%53.7%80.8%36.4%118.0%66.9%37.1%376-26.9K-3180.00150.87N/AN/A6702222,425
2023-05-04$5.17$4.00194.0%28.4%79.6%37.8%0.0%-0.6%-67.9%58-35.7K-3370.00156.26N/AN/A102822,425
2023-05-05$5.42$4.00147.9%25.1%80.7%28.2%0.0%7.0%-6.3%723-66.8K-1100.00157.74N/AN/A002832,425
2023-05-08$5.08$4.00119.1%26.0%80.9%22.3%0.0%-7.3%-17.1%435-25.7K-3080.00151.43N/AN/A01,0372832,425
2023-05-09$5.16$4.00138.9%26.2%73.5%26.4%0.0%46.5%-3.0%537-30.6K-2700.00144.44N/AN/A102803,452
2023-05-10$5.43$4.0099.2%28.4%75.3%18.2%93.2%-4.9%-1.1%826-39.8K-2690.00158.34N/AN/A1002803,452
2023-05-11$4.99$4.0080.3%23.0%71.5%14.3%0.0%25.9%22.3%366-18.9K-2490.00154.52N/AN/A202803,452
2023-05-12$4.86$4.0091.5%26.2%71.2%16.6%0.0%39.0%0.4%265-22.1K-2730.83169.21N/AN/A12102943,452
2023-05-15$5.17$4.00124.4%35.7%74.9%23.4%0.0%-81.4%23.3%-115-23.5K-2400.00171.68N/AN/A1502953,462
2023-05-16$5.29$4.0083.4%23.9%74.2%14.9%0.0%-19.9%13.4%618-37.0K-2560.00147.23N/AN/A503073,462
2023-05-17$5.63$4.00198.0%56.8%74.7%38.6%0.0%-136.8%-53.0%105-37.3K-3190.00167.43N/AN/A11603073,462
2023-05-18$5.55$4.00106.7%30.6%68.8%19.7%140.8%-15.7%130.5%359-41.6K-3400.00142.85N/AN/A1004123,462
2023-05-19$5.54$4.00106.6%30.6%68.3%19.7%0.0%-15.3%-31.0%413-44.2K-3600.00143.06N/AN/A1104113,462
2023-05-22$5.72$4.0086.4%24.8%68.7%15.5%145.6%-18.4%22.2%455-45.3K-3550.00142.15N/AN/A103153,432
2023-05-23$5.58$4.0084.1%24.1%69.5%15.1%62.1%26.4%-14.7%344-45.8K-3320.00141.99N/AN/A1203163,432
2023-05-24$5.61$4.00117.2%33.6%68.5%21.9%0.0%-4.5%-31.5%404-50.7K-3570.00142.20N/AN/A503283,432
2023-05-25$5.53$4.00117.9%33.8%67.6%22.1%205.9%-37.3%-80.5%483-42.0K-3110.00143.22N/AN/A103333,432
2023-05-26$5.47$4.0078.0%22.4%67.7%13.8%0.0%-125.8%36.6%572-53.5K-4100.00157.60N/AN/A003343,432
2023-05-30$5.88$4.0065.9%18.9%67.6%11.3%0.0%26.1%7.6%616-58.2K-2920.00114.93N/AN/A003343,432
2023-05-31$5.79$4.00128.2%36.7%66.6%24.2%0.0%33.8%-42.8%511-56.9K-2690.00141.35N/AN/A15503343,432