DAPP Options History — August 2025

In August 2025, DAPP traded between $16.13 and $17.85. ATM implied volatility averaged 68.3%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 24.3% (HV 20d: 44.0%). Max pain ranged from $13.00 to $16.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.69.

Notable Days

  • 2025-08-01: Highest Volume — 351 contracts
  • 2025-08-06: Largest IV spike — 111.7% change
  • 2025-08-12: Highest IV Rank — 29.6%
  • 2025-08-28: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.06$16.13$17.85$16.13$17.85
Max Pain$15.86$13.00$16.00$13.00$16.00
ATM IV68.3%29.4%126.8%67.2%73.2%
Expected Move16.9%8.4%23.3%19.3%21.0%
HV 20d44.0%34.6%49.0%43.1%34.6%
HV 60d52.2%45.7%58.4%58.2%45.7%
IV Rank11.6%0.0%29.6%7.5%24.3%
IV Percentile21.4%0.0%83.7%14.3%23.0%
Term Structure7.7%-40.1%62.5%22.4%-28.2%
VWIV54.5%29.2%87.7%61.6%87.7%
Skew 25d6.0%-15.2%29.6%10.6%5.6%
Skew 10d5.1%-62.7%156.7%-62.7%20.0%
Call IV 25d59.2%40.1%80.9%80.9%42.7%
Put IV 25d65.2%29.3%91.5%91.5%48.3%
Bid-Ask Spread %127.95107.09137.51136.15130.25
Gamma HHI0.510.190.760.190.51
Net GEX-7.7K-29.3K4.6K2.3K-7.3K
Net DEX-50.7K-276.4K76.7K-148.3K-141.0K
Net VEX-1.7K-1.9K-1.0K-1.0K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.0022.4022.401.00
Total Volume31.95213513514
Total OI829.81474917474917

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$16.13$13.0067.2%19.3%43.1%7.5%61.6%10.6%22.4%2.3K-148.3K-1.0K22.40136.15N/AN/A15336257217
2025-08-04$16.66$16.0078.3%16.0%44.0%10.9%0.0%4.5%0.0%-7.1K65.0K-1.7K0.00134.36N/AN/A60260539
2025-08-05$16.37$16.0047.5%18.0%44.0%1.6%57.4%6.1%0.7%-6.1K56.1K-1.7K0.00135.49N/AN/A03266539
2025-08-06$16.80$16.00100.6%19.1%44.7%17.6%0.0%12.1%6.8%-5.2K14.0K-1.8K0.00134.97N/AN/A30266542
2025-08-07$16.71$16.0077.2%17.2%44.3%10.5%60.2%13.7%-8.7%-5.9K44.4K-1.7K0.00137.51N/AN/A10252542
2025-08-08$16.58$16.0068.1%17.8%44.2%7.8%0.0%4.3%-7.9%-5.9K69.6K-1.7K0.00135.81N/AN/A10252542
2025-08-11$16.70$16.00120.6%18.4%43.6%27.4%61.1%-0.6%16.6%-7.3K76.7K-1.6K0.00129.20N/AN/A870252542
2025-08-12$16.75$16.00126.8%15.4%43.1%29.6%29.2%6.3%62.5%-4.0K-13.9K-1.8K0.00130.74N/AN/A20313542
2025-08-13$16.82$16.0061.6%17.6%39.2%6.7%61.0%-0.4%20.0%-7.1K1.5K-1.7K0.00127.19N/AN/A370313542
2025-08-14$17.28$16.0060.7%17.4%40.0%6.4%62.8%0.7%1.5%-6.5K-77.7K-1.7K0.60114.09N/AN/A53331542
2025-08-15$17.23$16.0056.8%16.3%40.0%5.1%53.4%-0.8%12.9%-8.4K-83.7K-1.8K0.11107.09N/AN/A364333542
2025-08-18$17.75$16.0048.7%14.0%41.8%3.8%55.2%-15.2%-1.8%-13.9K-162.4K-1.6K0.67115.54N/AN/A32296534
2025-08-19$16.77$16.0065.7%18.8%45.9%13.9%58.5%13.9%3.2%-7.4K-24.0K-1.8K0.00120.58N/AN/A120295536
2025-08-20$16.84$16.0069.1%19.8%46.0%16.0%0.0%6.3%9.7%-8.6K-14.8K-1.8K0.00118.49N/AN/A10302536
2025-08-21$16.84$16.0059.2%17.0%45.9%10.0%0.0%21.4%7.5%-9.7K-39.6K-1.7K0.00131.70N/AN/A04303536
2025-08-22$17.63$16.0050.7%14.5%49.0%5.0%39.3%-5.1%33.5%4.6K-276.4K-1.1K6.67133.20N/AN/A960303540
2025-08-25$17.41$16.0045.0%12.9%48.5%1.6%0.0%-10.8%29.7%-29.3K-135.3K-1.5K0.00134.37N/AN/A10298600
2025-08-26$17.53$16.0029.4%8.4%47.1%0.0%36.5%-5.5%-2.7%-10.2K-53.6K-1.8K0.00132.50N/AN/A70297600
2025-08-27$17.77$16.0046.0%13.2%47.2%9.2%38.8%29.6%24.9%-7.8K-114.2K-1.8K0.67121.45N/AN/A64299600
2025-08-28$17.84$16.0081.3%23.3%46.9%28.8%87.7%29.3%-40.1%-10.0K-106.6K-1.8K0.00126.33N/AN/A190304604
2025-08-29$17.85$16.0073.2%21.0%34.6%24.3%0.0%5.6%-28.2%-7.3K-141.0K-1.9K1.00130.25N/AN/A22313604