DAPP Options History — March 2025

In March 2025, DAPP traded between $9.06 and $11.72. ATM implied volatility averaged 111.6%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 30.3%. IV traded above realized volatility by 38.1% (HV 20d: 73.5%). Max pain ranged from $11.00 to $16.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.61.

Notable Days

  • 2025-03-10: Highest Volume — 40 contracts
  • 2025-03-11: Largest IV drop — 34.7% change
  • 2025-03-03: Highest IV Rank — 31.5%
  • 2025-03-03: Largest Expected Move — 42.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.50$9.06$11.72$11.16$9.06
Max Pain$14.79$11.00$16.00$16.00$11.00
ATM IV111.6%84.2%148.7%148.7%84.2%
Expected Move30.3%22.7%42.6%42.6%25.1%
HV 20d73.5%55.7%83.3%55.7%80.3%
HV 60d73.8%72.0%76.0%73.9%73.8%
IV Rank20.1%11.7%31.5%31.5%11.7%
IV Percentile60.7%26.6%88.9%88.9%26.6%
Term Structure-20.3%-91.6%36.7%-35.6%-27.0%
VWIV93.4%72.6%126.9%72.7%87.7%
Skew 25d8.1%-99.0%56.0%21.3%-99.0%
Skew 10d21.6%-30.0%130.4%130.4%-30.0%
Call IV 25d100.5%65.1%171.1%128.6%171.1%
Put IV 25d108.5%72.1%150.0%150.0%72.1%
Bid-Ask Spread %143.82120.44168.86138.88152.88
Gamma HHI0.240.160.290.160.29
Net GEX-3.0K-4.7K-1.0K-2.0K-1.4K
Net DEX197.1K62.6K306.1K151.3K118.4K
Net VEX-829-1.0K-650-1.0K-650
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.0010.000.000.38
Total Volume11.571040418
Total OI704.667449833758473

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$11.16$16.00148.7%42.6%55.7%31.5%72.7%21.3%-35.6%-2.0K151.3K-1.0K0.00138.88N/AN/A40257501
2025-03-04$11.27$16.00108.2%31.0%56.2%19.1%0.0%-19.1%0.6%-3.9K227.9K-8770.00137.13N/AN/A170259501
2025-03-05$11.72$16.00110.8%31.8%59.1%19.9%0.0%42.3%-0.0%-3.3K192.3K-9530.00141.10N/AN/A010276501
2025-03-06$11.12$16.00124.6%35.7%60.7%24.1%0.0%2.1%36.7%-4.0K212.6K-9390.00139.59N/AN/A02276501
2025-03-07$11.39$16.00131.4%37.7%62.0%26.2%126.9%29.9%-13.6%-4.7K203.3K-9630.00141.06N/AN/A07286501
2025-03-10$10.02$16.00135.2%38.8%73.4%27.3%103.4%-19.1%-21.3%-3.4K252.9K-8170.18134.16N/AN/A346286506
2025-03-11$10.37$16.0088.2%27.1%75.4%13.0%119.4%12.1%-17.1%-3.6K246.1K-8753.80137.54N/AN/A519296511
2025-03-12$10.38$16.0099.3%36.0%75.1%16.4%0.0%12.2%-13.5%-4.5K262.6K-8460.00132.61N/AN/A10297519
2025-03-13$9.93$16.00103.4%37.0%74.7%17.6%0.0%2.0%-33.2%-3.9K279.4K-7810.00135.39N/AN/A02297519
2025-03-14$10.44$16.0097.6%28.4%77.4%15.8%80.6%15.7%-14.8%-4.3K261.2K-8291.71137.67N/AN/A712297517
2025-03-17$10.61$12.0096.6%23.9%77.7%15.5%84.1%5.8%-12.8%-4.5K258.0K-8430.50120.44N/AN/A21298529
2025-03-18$10.06$12.00110.9%28.4%78.6%19.9%0.0%3.5%-33.3%-4.2K279.1K-8055.00131.53N/AN/A15298530
2025-03-19$10.59$12.00129.4%25.0%82.5%25.6%0.0%36.3%-45.2%-3.7K245.8K-8430.00131.89N/AN/A00299534
2025-03-20$10.40$0.00105.5%31.3%82.4%18.3%0.0%12.6%5.5%-4.1K244.0K-84710.00168.86N/AN/A110299534
2025-03-21$10.29$0.00118.9%28.1%78.8%22.4%0.0%47.8%0.4%-1.1K306.1K-7730.69158.29N/AN/A1611299528
2025-03-24$11.10$0.00112.1%25.5%83.3%20.3%0.0%56.0%-22.1%-1.2K67.5K-8240.67163.61N/AN/A1510142307
2025-03-25$10.87$0.00116.1%25.3%74.9%21.5%0.0%12.3%-30.8%-1.0K62.6K-7960.67161.01N/AN/A32155299
2025-03-26$10.25$0.0097.0%30.6%77.5%15.6%0.0%-4.8%-26.0%-1.1K73.6K-7440.50149.85N/AN/A21156299
2025-03-27$10.15$0.00119.5%22.7%77.5%22.6%0.0%30.9%-31.7%-1.3K88.0K-7070.00156.68N/AN/A10158299
2025-03-28$9.34$0.00106.9%23.9%81.0%18.7%72.6%-31.4%-91.6%-1.1K106.5K-6750.00150.11N/AN/A018159299
2025-03-31$9.06$11.0084.2%25.1%80.3%11.7%87.7%-99.0%-27.0%-1.4K118.4K-6500.38152.88N/AN/A135159314