DAPP Options History — May 2025

In May 2025, DAPP traded between $10.80 and $15.02. ATM implied volatility averaged 111.6%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 24.2%. IV traded above realized volatility by 45.2% (HV 20d: 66.4%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.61.

Notable Days

  • 2025-05-27: Highest Volume — 141 contracts
  • 2025-05-14: Largest IV drop — 45.1% change
  • 2025-05-12: Highest IV Rank — 50.1%
  • 2025-05-01: Largest Expected Move — 32.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.59$10.80$15.02$10.90$12.74
Max Pain$11.81$10.00$12.00$10.00$12.00
ATM IV111.6%66.4%209.8%112.4%87.3%
Expected Move24.2%19.0%32.2%32.2%25.0%
HV 20d66.4%50.1%93.9%93.9%68.3%
HV 60d80.8%79.3%83.1%79.3%81.6%
IV Rank20.1%6.3%50.1%20.4%12.7%
IV Percentile50.3%9.5%95.6%65.1%31.0%
Term Structure-7.3%-40.6%12.5%-11.9%-8.2%
VWIV81.5%58.1%130.2%61.6%86.2%
Skew 25d2.3%-31.2%26.5%-10.6%26.5%
Skew 10d-2.2%-89.7%93.8%93.4%-41.4%
Call IV 25d82.7%56.4%123.6%120.6%72.8%
Put IV 25d85.0%58.8%118.1%110.0%99.3%
Bid-Ask Spread %128.90114.45156.53156.53125.49
Gamma HHI0.260.180.350.330.27
Net GEX788-2.7K6.4K-2.7K5.1K
Net DEX-167.7K-328.9K-13.3K-13.3K-274.1K
Net VEX-860-1.1K-703-715-750
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.0016.200.000.56
Total Volume33.04821412414
Total OI730.286608959608901

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$10.90$10.00112.4%32.2%93.9%20.4%0.0%-10.6%-11.9%-2.7K-13.3K-7150.00156.53N/AN/A240287321
2025-05-02$11.04$10.00109.7%31.4%88.4%19.5%0.0%-5.5%-15.5%-2.1K-37.3K-7772.00150.16N/AN/A24311321
2025-05-05$10.87$12.00148.6%21.8%87.6%31.4%61.6%22.2%9.4%-1.2K-40.4K-8220.00131.81N/AN/A20313320
2025-05-06$10.87$12.00130.7%22.4%86.2%26.0%63.4%5.0%5.9%-1.3K-39.2K-7930.20122.28N/AN/A153315320
2025-05-07$10.80$12.00185.4%30.8%81.0%42.7%63.1%4.3%-20.2%-1.4K-33.9K-7980.00128.93N/AN/A03315319
2025-05-08$11.60$12.00144.0%19.8%65.0%30.0%85.7%-7.4%-12.3%-1.3K-74.7K-7540.03127.09N/AN/A291315322
2025-05-09$11.59$12.00179.6%22.4%54.7%40.9%58.1%-11.6%-15.6%-1.6K-79.1K-7034.67131.09N/AN/A314313323
2025-05-12$12.12$12.00209.8%25.5%52.8%50.1%130.2%-5.1%-40.6%-389-117.5K-80916.20132.40N/AN/A581315310
2025-05-13$12.92$12.00141.5%21.1%55.6%29.3%75.8%7.3%-8.6%-701-135.3K-8620.04126.04N/AN/A241318389
2025-05-14$12.71$12.0077.8%22.3%52.8%9.8%113.8%2.7%-6.8%-207-144.8K-8640.06127.54N/AN/A171341388
2025-05-15$12.28$12.0090.3%25.9%55.0%13.6%76.0%8.6%-9.5%-266-125.2K-1.0K0.08125.32N/AN/A121353389
2025-05-16$13.05$12.0066.4%19.0%57.2%6.3%0.0%12.3%-3.5%1.9K-180.9K-8990.57114.45N/AN/A74354390
2025-05-19$13.34$12.0078.2%22.4%56.4%9.9%69.6%20.2%12.5%282-189.5K-8900.42121.02N/AN/A125345379
2025-05-20$13.64$12.0066.9%19.2%50.1%6.5%79.6%5.6%5.8%1.2K-221.7K-8831.00130.20N/AN/A33357374
2025-05-21$15.02$12.0081.8%23.5%57.4%11.0%67.3%20.3%12.5%832-315.1K-7880.05131.75N/AN/A864358375
2025-05-22$14.45$12.0080.7%23.1%60.9%10.7%101.5%-10.2%-18.2%3.8K-325.2K-8750.06123.57N/AN/A634432377
2025-05-23$13.57$12.00104.1%29.9%67.1%17.8%0.0%-31.2%-7.9%1.3K-245.2K-1.1K0.00133.27N/AN/A30430378
2025-05-27$13.99$12.0076.2%21.8%67.1%9.3%92.9%-10.4%-1.5%3.0K-284.7K-9380.00124.43N/AN/A1410432378
2025-05-28$13.64$12.0080.0%22.9%68.5%10.5%79.3%8.2%-15.9%5.8K-328.9K-1.1K4.61119.84N/AN/A1883573386
2025-05-29$13.21$12.0093.0%26.7%68.8%14.4%0.0%-2.6%-2.1%6.4K-315.8K-9070.00123.57N/AN/A02590309
2025-05-30$12.74$12.0087.3%25.0%68.3%12.7%86.2%26.5%-8.2%5.1K-274.1K-7500.56125.49N/AN/A95590311