DAPP Options History — January 2025

In January 2025, DAPP traded between $14.36 and $17.04. ATM implied volatility averaged 82.8%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 22.8%. IV traded above realized volatility by 1.0% (HV 20d: 81.8%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2025-01-28: Highest Volume — 1,030 contracts
  • 2025-01-03: Largest IV spike — 66.5% change
  • 2025-01-07: Highest IV Rank — 28.2%
  • 2025-01-03: Largest Expected Move — 32.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.73$14.36$17.04$14.97$15.16
Max Pain$15.00$14.00$16.00$15.00$15.00
ATM IV82.8%54.5%139.1%67.1%54.5%
Expected Move22.8%14.8%32.0%19.2%15.6%
HV 20d81.8%66.5%87.7%82.4%83.2%
HV 60d87.8%84.6%91.0%84.6%89.6%
IV Rank10.9%2.2%28.2%6.1%2.2%
IV Percentile24.8%1.6%83.7%4.8%1.6%
Term Structure2.4%-31.9%34.5%19.8%24.0%
VWIV69.3%41.2%101.9%73.7%69.7%
Skew 25d7.4%-50.1%73.6%73.6%17.1%
Skew 10d21.2%-34.4%58.4%17.0%58.4%
Call IV 25d81.4%49.1%109.7%59.1%101.2%
Put IV 25d88.7%47.7%132.7%132.7%118.3%
Bid-Ask Spread %145.03130.61152.93140.57150.09
Gamma HHI0.200.140.280.260.14
Net GEX1.3K-2.0K6.2K1.2K-274
Net DEX-50.5K-227.8K65.3K-18.9K-1.1K
Net VEX-1.5K-1.7K-1.3K-1.6K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.002.330.100.00
Total Volume75.821,030116
Total OI1,013.557241,7918841,791

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$14.97$15.0067.1%19.2%82.4%6.1%73.7%73.6%19.8%1.2K-18.9K-1.6K0.10140.57N/AN/A101433451
2025-01-03$16.50$15.00111.8%32.0%86.6%19.8%99.9%-43.5%-31.9%3.1K-117.5K-1.6K0.00136.66N/AN/A490442451
2025-01-06$17.04$14.0094.2%24.9%87.7%14.4%80.8%8.7%-0.6%6.2K-227.8K-1.6K0.12147.41N/AN/A415483451
2025-01-07$15.84$16.00139.1%25.9%87.4%28.2%101.9%-0.6%-10.3%5.5K-130.5K-1.7K1.20151.60N/AN/A56493456
2025-01-08$15.41$15.0073.3%24.9%83.2%8.0%0.0%2.6%-7.4%4.8K-67.2K-1.7K2.33150.44N/AN/A37497455
2025-01-10$15.22$15.0060.2%19.4%82.7%4.0%68.6%3.3%20.4%3.9K-15.9K-1.6K1.78138.73N/AN/A916498457
2025-01-13$14.68$15.0070.5%14.8%81.3%7.1%0.0%18.1%34.5%1.4K47.7K-1.5K0.17149.90N/AN/A183497473
2025-01-14$15.13$15.0079.4%20.0%82.7%9.9%69.8%34.1%21.7%2.5K14.2K-1.6K0.75144.59N/AN/A86481474
2025-01-15$16.14$15.0089.1%25.5%86.8%12.8%0.0%12.7%-1.5%4.3K-104.1K-1.6K2.27149.77N/AN/A1125482479
2025-01-16$16.20$15.0091.8%26.3%84.5%13.7%41.2%-15.4%-2.2%4.7K-129.8K-1.4K0.50152.37N/AN/A105488504
2025-01-17$16.73$15.0079.1%22.7%85.8%9.8%73.1%18.3%13.2%-1.7K-131.2K-1.5K0.10142.96N/AN/A10811488509
2025-01-21$16.57$15.0082.5%23.7%73.9%10.8%70.3%-19.3%-1.2%-1.4K-52.8K-1.5K0.06130.61N/AN/A171239485
2025-01-22$16.64$15.0089.4%25.6%72.9%12.9%71.5%29.8%-7.3%-1.6K-78.0K-1.3K1.20146.50N/AN/A56245486
2025-01-23$16.76$15.0090.5%25.9%72.9%13.3%63.9%-9.6%-1.0%-1.3K-62.6K-1.5K0.00146.48N/AN/A40250492
2025-01-24$16.79$15.0094.1%27.0%66.5%14.4%76.3%6.0%-28.1%-940-80.1K-1.5K1.83148.24N/AN/A611254492
2025-01-27$14.36$15.0090.7%26.0%84.5%13.3%75.5%40.5%-18.7%-1.6K65.3K-1.5K1.56130.91N/AN/A2539259493
2025-01-28$14.46$15.0086.5%24.8%84.7%12.1%54.5%28.5%-17.2%-2.0K53.6K-1.5K0.00140.06N/AN/A1,0300269506
2025-01-29$14.66$15.0056.1%16.1%83.2%2.7%43.6%-7.4%22.1%-65350.0K-1.6K0.00149.78N/AN/A021,277506
2025-01-30$15.28$15.0056.9%16.3%83.9%2.9%44.0%-50.1%19.6%548-22.2K-1.6K0.17152.93N/AN/A611,277508
2025-01-31$15.16$15.0054.5%15.6%83.2%2.2%69.7%17.1%24.0%-274-1.1K-1.6K0.00150.09N/AN/A601,282509