DAPP Options History — February 2025

In February 2025, DAPP traded between $11.34 and $15.25. ATM implied volatility averaged 79.5%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 13.9% (HV 20d: 65.6%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.21.

Notable Days

2025-02-12: Highest Volume — 211 contracts
2025-02-12: Largest IV spike — 57.9% change
2025-02-28: Highest IV Rank — 22.2%
2025-02-28: Largest Expected Move — 34.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.03	$11.34	$15.25	$15.14	$11.68
Max Pain	$16.21	$15.00	$17.00	$15.00	$16.00
ATM IV	79.5%	45.8%	118.5%	57.3%	118.5%
Expected Move	24.4%	15.7%	34.0%	16.4%	34.0%
HV 20d	65.6%	54.6%	82.1%	82.1%	54.6%
HV 60d	77.7%	73.7%	89.4%	89.4%	73.8%
IV Rank	10.2%	0.0%	22.2%	3.1%	22.2%
IV Percentile	26.5%	0.0%	70.2%	3.2%	70.2%
Term Structure	-3.5%	-32.2%	20.9%	17.9%	-29.8%
VWIV	81.3%	54.2%	124.0%	108.7%	124.0%
Skew 25d	9.9%	-20.3%	36.8%	18.3%	2.5%
Skew 10d	12.8%	-30.1%	86.3%	21.0%	48.6%
Call IV 25d	89.2%	70.0%	126.7%	111.0%	81.6%
Put IV 25d	99.1%	74.3%	141.6%	129.3%	84.2%
Bid-Ask Spread %	140.93	132.53	152.57	142.18	139.92
Gamma HHI	0.16	0.14	0.22	0.14	0.20
Net GEX	-1.9K	-3.9K	2.1K	-1.1K	-3.0K
Net DEX	66.2K	-5.6K	204.5K	1.5K	184.2K
Net VEX	-1.3K	-1.5K	-925	-1.5K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.21	0.00	15.00	0.00	15.00
Total Volume	20.211	0	211	1	16
Total OI	1,559.105	737	1,920	1,792	750

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$15.14	$15.00	57.3%	16.4%	82.1%	3.1%	0.0%	18.3%	17.9%	-1.1K	1.5K	-1.5K	0.00	142.18	N/A	N/A	1	0	1,283	509
2025-02-04	$15.20	$15.00	57.2%	16.4%	73.8%	3.0%	0.0%	11.9%	20.9%	-809	-5.6K	-1.5K	0.08	152.57	N/A	N/A	13	1	1,285	509
2025-02-05	$14.89	$15.00	54.9%	15.7%	72.7%	2.3%	0.0%	14.8%	8.7%	-712	14.6K	-1.5K	0.00	151.86	N/A	N/A	1	0	1,290	510
2025-02-06	$14.92	$17.00	59.4%	20.8%	68.4%	3.7%	108.7%	2.1%	18.2%	-1.5K	32.4K	-1.4K	0.75	141.48	N/A	N/A	4	3	1,291	510
2025-02-07	$15.07	$17.00	45.8%	26.5%	67.9%	0.0%	0.0%	24.9%	-13.7%	-2.0K	5.9K	-1.4K	0.00	140.56	N/A	N/A	0	0	1,293	512
2025-02-10	$15.16	$17.00	58.6%	27.1%	67.8%	3.9%	70.0%	36.8%	-10.5%	-785	-3.8K	-1.4K	0.25	145.33	N/A	N/A	4	1	1,293	512
2025-02-11	$14.52	$17.00	57.9%	20.7%	68.3%	3.7%	71.3%	6.7%	12.0%	-1.5K	46.1K	-1.3K	0.08	136.84	N/A	N/A	13	1	1,289	513
2025-02-12	$14.75	$16.00	91.4%	26.2%	67.6%	14.0%	85.8%	-7.2%	-7.5%	-2.2K	21.3K	-1.3K	0.00	137.65	N/A	N/A	211	0	1,300	514
2025-02-13	$15.09	$16.00	91.6%	26.3%	63.8%	14.0%	68.5%	26.7%	-7.4%	-2.0K	17.6K	-1.4K	0.50	142.75	N/A	N/A	2	1	1,401	514
2025-02-14	$15.25	$16.00	74.2%	21.3%	63.9%	8.7%	0.0%	9.3%	12.4%	-1.6K	6.4K	-1.4K	0.00	139.57	N/A	N/A	0	0	1,401	515
2025-02-18	$14.87	$16.00	75.3%	21.6%	63.0%	9.0%	70.2%	12.9%	3.6%	-2.5K	31.4K	-1.2K	1.00	146.13	N/A	N/A	6	6	1,401	515
2025-02-19	$14.78	$16.00	101.4%	29.1%	62.9%	17.0%	68.0%	4.9%	-3.2%	-3.1K	36.8K	-1.3K	0.00	137.94	N/A	N/A	5	0	1,396	521
2025-02-20	$14.69	$16.00	105.0%	30.1%	62.8%	18.1%	104.4%	0.7%	-28.2%	2.1K	5.2K	-1.2K	0.00	139.51	N/A	N/A	0	1	1,398	521
2025-02-21	$13.54	$16.00	91.8%	26.3%	68.0%	14.1%	0.0%	21.0%	-32.2%	-1.9K	142.1K	-1.2K	0.25	133.70	N/A	N/A	12	3	1,398	522
2025-02-24	$12.81	$16.00	88.9%	25.5%	69.6%	13.2%	70.1%	25.5%	-0.6%	-3.3K	139.0K	-1.0K	0.11	132.53	N/A	N/A	47	5	254	483
2025-02-25	$11.52	$17.00	76.1%	21.8%	57.1%	9.3%	80.9%	-5.4%	7.2%	-3.9K	204.5K	-925	0.17	139.14	N/A	N/A	12	2	250	488
2025-02-26	$11.43	$17.00	101.1%	29.0%	56.7%	16.9%	54.2%	1.9%	-21.8%	-3.0K	193.1K	-1.0K	0.00	141.01	N/A	N/A	3	0	251	490
2025-02-27	$11.34	$17.00	103.8%	29.8%	56.0%	17.7%	0.0%	-20.3%	-11.9%	-2.9K	184.7K	-979	0.00	137.00	N/A	N/A	0	10	251	490
2025-02-28	$11.68	$16.00	118.5%	34.0%	54.6%	22.2%	124.0%	2.5%	-29.8%	-3.0K	184.2K	-1.1K	15.00	139.92	N/A	N/A	1	15	251	499