DAPP Options History — September 2025

In September 2025, DAPP traded between $16.84 and $22.37. ATM implied volatility averaged 64.7%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 24.3% (HV 20d: 40.4%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.36.

Notable Days

  • 2025-09-03: Highest Volume — 126 contracts
  • 2025-09-24: Largest IV spike — 77.0% change
  • 2025-09-30: Highest IV Rank — 28.7%
  • 2025-09-30: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.99$16.84$22.37$18.01$21.75
Max Pain$17.62$16.00$18.00$16.00$18.00
ATM IV64.7%41.2%81.3%72.3%81.3%
Expected Move18.7%11.8%23.3%20.7%23.3%
HV 20d40.4%33.2%48.6%33.2%48.6%
HV 60d42.5%40.9%44.8%44.8%42.3%
IV Rank19.6%6.6%28.7%23.8%28.7%
IV Percentile19.6%0.4%43.3%22.6%43.3%
Term Structure-5.0%-35.7%32.1%3.2%-12.2%
VWIV61.1%44.0%97.1%49.2%97.1%
Skew 25d-1.2%-31.3%19.3%-31.3%5.5%
Skew 10d17.6%-5.4%53.6%49.3%26.9%
Call IV 25d72.1%51.8%96.8%78.8%89.5%
Put IV 25d71.0%38.9%101.6%47.4%95.0%
Bid-Ask Spread %143.91124.95156.75128.15144.32
Gamma HHI0.460.150.780.490.30
Net GEX-5.8K-24.8K2.2K-6.4K-345
Net DEX-258.0K-531.9K4.5K-127.0K-275.6K
Net VEX-1.2K-2.0K-443-1.8K-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.360.0020.000.258.00
Total Volume20.238012659
Total OI776.762422992921450

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$18.01$16.0072.3%20.7%33.2%23.8%0.0%-31.3%3.2%-6.4K-127.0K-1.8K0.25128.15N/AN/A41315606
2025-09-03$17.40$16.0066.6%19.1%35.1%20.6%49.2%-27.0%28.0%-8.9K-122.2K-1.7K20.00125.49N/AN/A6120315607
2025-09-04$16.84$18.0056.9%21.5%36.2%15.2%0.0%-6.7%-23.8%-15.0K4.5K-2.0K0.50142.22N/AN/A21318667
2025-09-05$16.86$18.0048.1%15.3%36.1%10.3%44.0%7.9%32.1%-24.8K-9.5K-1.9K0.75151.92N/AN/A43316668
2025-09-08$17.15$17.0057.7%16.3%36.5%15.7%0.0%-9.7%2.5%-23.3K-57.0K-1.8K0.00152.75N/AN/A10319672
2025-09-09$18.30$17.0076.1%19.2%42.8%25.8%0.0%18.9%11.1%-8.2K-150.9K-1.8K0.00146.89N/AN/A50320672
2025-09-10$18.99$17.0061.9%17.7%44.3%18.0%51.4%1.1%-4.9%-7.1K-260.4K-1.7K0.26127.58N/AN/A5314317672
2025-09-11$19.46$17.0058.7%16.8%44.8%16.3%68.7%0.5%1.9%-5.6K-261.0K-1.4K0.00144.12N/AN/A70276673
2025-09-12$19.79$18.0051.0%14.6%44.3%12.0%0.0%-26.5%-0.6%-6.8K-278.0K-1.4K12.00156.75N/AN/A560279673
2025-09-15$20.27$18.0057.4%16.5%44.6%15.5%54.5%-13.0%-3.8%-4.5K-332.8K-1.1K0.00124.95N/AN/A170274638
2025-09-16$20.83$18.0056.6%16.2%44.4%15.1%52.6%1.1%-18.1%-2.9K-437.6K-8460.00146.48N/AN/A05284638
2025-09-17$21.38$18.0070.9%20.3%37.6%23.0%73.3%5.9%-35.7%-2.9K-483.6K-6250.00150.28N/AN/A110278641
2025-09-18$21.70$18.0069.6%19.9%37.5%22.3%58.7%7.5%-14.3%-1.6K-474.6K-9270.12144.99N/AN/A253289641
2025-09-19$21.98$18.0065.8%18.9%37.2%20.2%0.0%17.9%-4.1%-3.2K-531.9K-6780.00146.84N/AN/A170286643
2025-09-22$22.37$18.0063.2%18.1%35.2%18.7%61.6%1.9%1.3%1.2K-335.8K-4430.06139.03N/AN/A161179243
2025-09-23$21.70$18.0041.2%11.8%37.4%6.6%0.0%1.0%22.6%13-271.1K-8860.00147.52N/AN/A20183243
2025-09-24$21.88$18.0073.0%20.9%37.4%24.1%0.0%5.7%-19.5%-1.4K-281.7K-7510.00155.76N/AN/A00181243
2025-09-25$20.81$18.0075.8%21.7%43.2%25.7%0.0%19.3%-27.0%-861-212.1K-9900.00151.22N/AN/A00181243
2025-09-26$20.45$18.0078.2%22.4%44.1%27.0%0.0%4.8%-28.0%-1.4K-200.2K-9630.47147.41N/AN/A199181243
2025-09-29$21.80$18.0076.3%21.9%48.4%26.0%0.0%-8.9%-16.1%2.2K-318.5K-5780.00147.51N/AN/A50193252
2025-09-30$21.75$18.0081.3%23.3%48.6%28.7%97.1%5.5%-12.2%-345-275.6K-1.0K8.00144.32N/AN/A18198252