DAPP Options History — December 2023

In December 2023, DAPP traded between $7.49 and $12.40. ATM implied volatility averaged 103.9%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 25.8%. IV traded above realized volatility by 30.2% (HV 20d: 73.7%). Max pain ranged from $6.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.42.

Notable Days

  • 2023-12-07: Highest Volume — 648 contracts
  • 2023-12-08: Largest IV spike — 117.9% change
  • 2023-12-08: Highest IV Rank — 42.0%
  • 2023-12-12: Largest Expected Move — 37.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.25$7.49$12.40$7.49$10.26
Max Pain$6.80$6.00$10.00$7.00$10.00
ATM IV103.9%60.4%205.5%76.0%100.2%
Expected Move25.8%17.3%37.9%21.8%28.7%
HV 20d73.7%59.7%100.6%59.7%100.6%
HV 60d62.9%55.6%74.2%55.6%74.2%
IV Rank17.6%2.4%42.0%14.0%14.7%
IV Percentile43.3%5.2%91.7%17.9%48.8%
Term Structure13.1%-71.1%82.0%-46.4%39.0%
VWIV75.8%34.8%102.8%67.7%102.8%
Skew 25d9.9%-34.9%57.6%10.1%-25.5%
Skew 10d45.0%-35.1%119.4%3.3%-31.6%
Call IV 25d81.8%49.2%133.7%60.4%127.4%
Put IV 25d91.7%65.0%116.1%70.5%101.9%
Bid-Ask Spread %147.84114.65168.39137.32114.65
Gamma HHI0.340.240.450.420.31
Net GEX17.8K6.4K34.3K18.6K7.9K
Net DEX-905.4K-1.6M-471.1K-471.1K-988.5K
Net VEX-1.6K-3.2K-1.1K-1.1K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.004.550.000.09
Total Volume203064843593
Total OI2,568.49293,4793,2002,346

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$7.49$7.0076.0%21.8%59.7%14.0%67.7%10.1%-46.4%18.6K-471.1K-1.1K0.00137.32N/AN/A4301,8571,343
2023-12-04$8.07$6.0089.9%28.1%63.9%17.0%63.9%25.9%12.8%23.4K-721.8K-1.4K0.35159.41N/AN/A75261,8901,343
2023-12-05$8.14$6.00109.6%20.9%62.9%21.3%0.0%42.0%16.7%22.2K-772.3K-1.5K0.00160.84N/AN/A60401,9551,362
2023-12-06$8.05$6.00106.2%22.2%63.3%20.5%0.0%40.3%10.2%22.7K-687.4K-1.3K0.00160.70N/AN/A101,8991,362
2023-12-07$8.09$6.0094.3%23.5%60.9%18.0%81.6%23.9%-8.2%25.3K-689.3K-1.2K0.00158.92N/AN/A64711,8991,362
2023-12-08$8.68$6.00205.5%23.7%63.0%42.0%34.8%57.6%80.6%34.1K-1.0M-1.5K0.00158.13N/AN/A16202,0631,363
2023-12-11$7.72$6.00153.8%26.9%79.7%30.8%66.0%20.2%-5.8%22.5K-592.7K-1.4K0.07165.24N/AN/A5642,0491,363
2023-12-12$7.81$6.00157.5%37.9%77.1%31.6%0.0%-34.9%-63.1%23.4K-626.0K-1.4K0.00168.39N/AN/A002,0621,367
2023-12-13$8.43$6.00127.9%36.7%79.9%25.2%0.0%-19.4%-71.1%29.3K-922.8K-1.4K0.00165.59N/AN/A5102,0611,367
2023-12-14$8.79$6.00103.1%29.6%78.5%19.9%87.5%-25.1%32.6%34.3K-1.1M-1.5K0.05158.57N/AN/A8842,1121,367
2023-12-15$8.77$6.00114.7%32.9%75.3%22.4%0.0%-30.8%82.0%7.5K-1.1M-1.2K0.00162.93N/AN/A2102,1131,365
2023-12-18$9.19$7.0061.9%17.7%75.8%11.0%62.7%-21.1%54.3%7.5K-567.7K-1.2K0.02146.71N/AN/A83288148
2023-12-19$9.36$7.0076.5%21.9%75.1%14.1%68.7%10.2%39.8%6.4K-592.6K-1.3K0.00143.23N/AN/A287193150
2023-12-20$9.66$7.0060.4%17.3%73.3%2.4%77.6%16.4%5.4%6.9K-689.0K-1.4K0.36137.75N/AN/A242881,00651
2023-12-21$10.21$7.0073.8%21.1%74.2%5.6%68.1%18.0%36.6%12.1K-956.0K-1.8K0.00129.74N/AN/A20901,361132
2023-12-22$10.93$7.0090.2%25.9%75.4%9.5%70.7%36.3%38.2%13.7K-1.2M-2.1K0.00147.75N/AN/A4101,566132
2023-12-26$11.19$7.0076.1%21.8%74.9%6.1%93.0%52.6%7.1%13.1K-1.4M-1.9K4.55137.41N/AN/A221001,599132
2023-12-27$12.40$7.00117.1%33.6%78.2%15.8%93.4%-0.1%-5.6%15.3K-1.6M-2.2K1.49119.92N/AN/A2023001,600332
2023-12-28$11.82$10.0083.8%24.0%82.6%9.9%98.9%0.5%6.2%9.1K-1.4M-3.1K0.98123.66N/AN/A54531,745532
2023-12-29$10.26$10.00100.2%28.7%100.6%14.7%102.8%-25.5%39.0%7.9K-988.5K-3.2K0.09114.65N/AN/A543501,771575