DAPP Options History — January 2026

In January 2026, DAPP traded between $17.81 and $20.88. ATM implied volatility averaged 97.5%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 38.5% (HV 20d: 59.1%). Max pain ranged from $13.00 to $17.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 2.43.

Notable Days

  • 2026-01-28: Highest Volume — 53 contracts
  • 2026-01-20: Largest IV spike — 54.0% change
  • 2026-01-12: Highest IV Rank — 69.1%
  • 2026-01-30: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.47$17.81$20.88$17.81$18.00
Max Pain$15.60$13.00$17.00$13.00$15.00
ATM IV97.5%57.5%154.2%101.6%108.1%
Expected Move22.3%16.5%31.0%29.1%31.0%
HV 20d59.1%48.2%71.2%66.9%61.7%
HV 60d66.9%63.9%70.6%68.7%66.1%
IV Rank37.7%15.6%69.1%40.0%43.6%
IV Percentile61.4%11.5%97.2%74.2%78.6%
Term Structure1.3%-37.6%42.5%-24.7%-37.6%
VWIV60.3%41.3%78.4%42.2%41.3%
Skew 25d17.8%-15.4%70.8%70.8%14.5%
Skew 10d0.5%-55.0%53.6%53.6%9.6%
Call IV 25d73.7%44.0%99.3%45.4%99.3%
Put IV 25d91.5%70.8%116.2%116.2%113.8%
Bid-Ask Spread %151.21143.74160.16151.00149.63
Gamma HHI0.110.100.160.160.10
Net GEX4.0K2.3K6.4K3.8K2.3K
Net DEX-239.7K-350.5K-114.0K-114.0K-141.4K
Net VEX-1.2K-1.4K-1.0K-1.0K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.430.0025.500.000.25
Total Volume13.8053360
Total OI541.25502618502618

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$17.81$13.00101.6%29.1%66.9%40.0%42.2%70.8%-24.7%3.8K-114.0K-1.0K0.00151.00N/AN/A360305197
2026-01-05$19.26$17.00105.1%18.9%71.2%41.9%0.0%20.3%6.8%4.8K-227.5K-1.1K0.00154.60N/AN/A160316197
2026-01-06$19.09$17.00109.9%20.7%70.7%44.6%0.0%9.8%-2.1%4.0K-219.7K-1.2K0.00159.78N/AN/A50316197
2026-01-07$18.83$17.00117.6%18.2%70.8%48.9%0.0%9.9%12.4%4.1K-227.9K-1.2K0.00157.35N/AN/A00320197
2026-01-08$18.93$17.00118.8%19.3%67.4%49.5%0.0%41.6%1.6%4.0K-216.2K-1.1K0.00157.24N/AN/A00320197
2026-01-09$19.10$17.00125.2%18.8%67.5%53.0%0.0%8.8%2.2%4.4K-239.7K-1.1K0.00154.56N/AN/A60320197
2026-01-12$19.63$17.00154.2%19.0%68.2%69.1%0.0%11.7%6.9%4.2K-247.1K-1.1K0.11160.16N/AN/A192321197
2026-01-13$20.06$17.00131.8%19.5%64.9%56.7%66.0%11.1%-7.3%6.0K-286.1K-1.1K0.04143.87N/AN/A251328197
2026-01-14$20.33$15.0064.8%18.6%50.9%19.6%73.8%11.9%-7.1%6.4K-340.2K-1.1K0.00156.52N/AN/A250349198
2026-01-15$20.26$15.0073.9%21.2%51.1%24.6%78.4%4.6%-2.7%5.4K-322.5K-1.1K0.00148.02N/AN/A150339198
2026-01-16$20.88$15.0057.5%16.5%48.2%15.6%41.3%18.9%39.6%4.3K-350.5K-1.1K0.05146.55N/AN/A201336198
2026-01-20$19.82$15.0088.6%25.4%53.0%32.8%0.0%6.3%-8.4%3.5K-271.2K-1.1K2.00145.65N/AN/A36320198
2026-01-21$19.65$15.0078.1%22.4%50.0%27.0%0.0%28.3%-9.7%4.4K-245.0K-1.2K7.50143.74N/AN/A430323204
2026-01-22$19.44$15.0081.3%23.3%50.0%28.8%0.0%38.3%-22.0%3.6K-211.6K-1.2K0.00150.12N/AN/A00327234
2026-01-23$19.97$15.0078.1%22.4%50.4%27.0%0.0%23.9%-7.2%3.1K-224.6K-1.2K0.00144.94N/AN/A00327234
2026-01-26$19.19$15.00104.1%29.8%52.5%41.4%0.0%19.3%5.6%2.9K-208.9K-1.3K1.00149.82N/AN/A11327234
2026-01-27$20.09$15.0075.3%21.6%53.4%25.4%0.0%9.5%32.9%3.4K-238.8K-1.2K0.00152.37N/AN/A20326234
2026-01-28$20.21$15.0073.8%21.2%52.8%24.6%0.0%11.6%42.5%3.4K-264.1K-1.3K25.50153.20N/AN/A251328235
2026-01-29$18.79$15.00103.1%29.6%59.9%40.8%0.0%-15.4%4.5%2.7K-196.3K-1.4K0.25145.04N/AN/A41330286
2026-01-30$18.00$15.00108.1%31.0%61.7%43.6%0.0%14.5%-37.6%2.3K-141.4K-1.4K0.00149.63N/AN/A00331287