DAPP Options History — December 2025

In December 2025, DAPP traded between $16.40 and $20.37. ATM implied volatility averaged 89.6%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 24.2%. IV traded above realized volatility by 19.5% (HV 20d: 70.1%). Max pain ranged from $13.00 to $16.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.23.

Notable Days

  • 2025-12-18: Highest Volume — 63 contracts
  • 2025-12-29: Largest IV spike — 105.8% change
  • 2025-12-08: Highest IV Rank — 52.6%
  • 2025-12-03: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.16$16.40$20.37$18.59$16.51
Max Pain$14.91$13.00$16.00$16.00$13.00
ATM IV89.6%44.6%124.4%104.8%106.9%
Expected Move24.2%12.8%31.0%30.0%30.6%
HV 20d70.1%61.4%75.1%74.9%61.6%
HV 60d66.8%64.1%69.7%65.1%66.6%
IV Rank33.3%8.4%52.6%41.8%42.9%
IV Percentile57.6%1.6%89.7%76.6%78.2%
Term Structure-18.0%-65.9%14.5%-41.1%-34.4%
VWIV51.5%46.0%59.2%46.0%53.5%
Skew 25d14.9%-13.8%51.4%51.4%35.9%
Skew 10d18.9%-44.4%62.2%32.9%30.1%
Call IV 25d80.8%38.8%110.3%92.2%51.5%
Put IV 25d95.7%73.0%143.6%143.6%87.4%
Bid-Ask Spread %154.94128.43172.01129.21153.05
Gamma HHI0.210.110.510.240.12
Net GEX-5.0K-21.2K5.5K-9.0K2.5K
Net DEX-100.1K-332.9K119.9K-46.4K-85.0K
Net VEX-1.4K-2.5K-927-2.5K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.001.000.000.10
Total Volume8.955063111
Total OI1,414.0914851,8651,860495

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$18.59$16.00104.8%30.0%74.9%41.8%0.0%51.4%-41.1%-9.0K-46.4K-2.5K0.00129.21N/AN/A105661,294
2025-12-02$18.36$16.00105.6%30.3%74.1%42.2%46.0%23.2%-65.9%-14.2K3.1K-2.2K1.00131.71N/AN/A335661,294
2025-12-03$18.95$16.00108.1%31.0%73.5%43.6%0.0%0.1%-47.6%-11.1K-124.4K-1.8K0.00128.43N/AN/A005681,292
2025-12-04$19.76$16.0085.4%21.5%74.7%31.0%0.0%50.3%-11.7%-6.9K-166.6K-2.3K0.00161.64N/AN/A505681,292
2025-12-05$19.24$16.00112.7%22.3%71.6%46.1%0.0%10.6%-18.8%-10.8K-131.6K-2.0K0.00165.62N/AN/A105721,292
2025-12-08$19.23$16.00124.4%22.6%71.5%52.6%0.0%9.3%-18.4%-10.4K-127.7K-2.0K0.00166.20N/AN/A005731,292
2025-12-09$20.37$16.0095.3%21.3%75.1%36.5%0.0%16.5%-11.2%4.9K-332.9K-1.1K0.22158.35N/AN/A925421,292
2025-12-10$20.11$16.0077.0%22.1%71.8%26.3%0.0%8.9%-15.8%-16-265.9K-1.3K0.00163.48N/AN/A0225501,290
2025-12-11$19.86$16.0076.3%21.9%71.6%26.0%0.0%7.2%-11.8%5.5K-282.2K-9270.00162.62N/AN/A025501,285
2025-12-12$18.71$16.0079.6%22.8%63.4%27.8%0.0%2.6%-11.7%-6.7K-110.2K-1.6K0.00160.09N/AN/A005471,285
2025-12-15$16.86$16.0082.6%23.7%73.3%29.5%0.0%-0.5%-7.4%-17.8K56.0K-1.3K0.36149.72N/AN/A1455471,285
2025-12-16$17.07$16.0086.2%24.7%72.0%31.5%0.0%0.8%-1.9%-13.3K7.3K-1.2K0.00156.95N/AN/A105451,290
2025-12-17$16.40$16.0088.0%25.2%72.7%32.5%0.0%4.2%-23.7%-21.2K100.0K-1.1K0.00156.68N/AN/A305461,290
2025-12-18$16.81$16.0082.7%23.7%72.3%29.5%51.3%-8.0%2.3%-20.7K119.9K-1.1K0.05158.18N/AN/A6035471,282
2025-12-19$17.81$13.0076.8%22.0%73.3%26.2%47.5%47.1%14.5%1.6K-104.4K-9650.00157.72N/AN/A3605731,282
2025-12-22$18.13$13.0084.0%24.1%73.2%30.3%0.0%45.3%-17.4%3.0K-152.5K-1.3K0.50172.01N/AN/A21291194
2025-12-23$17.94$13.0081.5%23.4%67.1%28.9%0.0%2.8%-14.4%3.0K-138.5K-1.2K0.00157.31N/AN/A00291194
2025-12-24$17.71$13.0082.8%23.7%67.2%29.6%0.0%14.2%-13.7%3.4K-129.8K-1.2K0.00157.88N/AN/A10291194
2025-12-26$17.28$13.0044.6%12.8%63.4%8.4%59.2%24.3%3.6%2.9K-109.2K-1.2K0.00140.23N/AN/A10292194
2025-12-29$17.03$13.0091.9%26.3%62.3%34.6%0.0%-13.8%-27.6%2.5K-82.5K-1.1K1.00163.65N/AN/A22293194
2025-12-30$16.86$13.0094.1%27.0%61.4%35.8%0.0%-3.6%-22.4%2.6K-99.7K-1.1K0.40157.94N/AN/A52294196
2025-12-31$16.51$13.00106.9%30.6%61.6%42.9%53.5%35.9%-34.4%2.5K-85.0K-1.1K0.10153.05N/AN/A101299196