DAVE Options History — February 2007

In February 2007, DAVE traded between $570.56 and $602.56. ATM implied volatility averaged 30.9%. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 10.8% (HV 20d: 20.2%). Max pain ranged from $560.00 to $640.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-02-09: Highest Volume — 3 contracts
  • 2007-02-28: Largest IV drop — 15.7% change
  • 2007-02-21: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$589.17$570.56$602.56$582.72$594.56
Max Pain$633.85$560.00$640.00$560.00$640.00
ATM IV30.9%26.5%35.0%27.3%27.1%
Expected Move9.0%7.8%10.0%7.8%7.8%
HV 20d20.2%15.6%24.3%21.8%15.6%
Term Structure-0.1%-5.1%10.5%1.1%10.5%
VWIV33.2%28.6%36.4%34.6%36.4%
Skew 25d-0.7%-3.5%1.9%-2.4%1.9%
Skew 10d-6.6%-8.8%-4.0%-8.0%-4.0%
Call IV 25d30.3%28.3%31.7%29.0%30.4%
Put IV 25d29.6%25.2%32.2%26.6%32.2%
Bid-Ask Spread %40.1627.8759.9743.3540.63
Gamma HHI0.690.530.930.930.58
Net GEX7.4K3.6K10.1K3.7K10.1K
Net DEX-121.1K-148.9K-84.1K-94.4K-129.6K
Net VEX-257-353-183-197-240
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2110300
Total OI3.8952525

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-02-01$582.72$560.0027.3%7.8%21.8%0.0%0.0%-2.4%1.1%3.7K-94.4K-1970.0043.35N/AN/A0020
2007-02-02$588.80$0.0026.7%8.1%21.1%0.0%0.0%-1.5%2.8%3.7K-97.8K-1890.0037.18N/AN/A0020
2007-02-05$573.76$0.0027.5%8.4%24.0%0.0%0.0%-3.5%-0.1%4.1K-87.5K-1970.0043.71N/AN/A0020
2007-02-06$570.56$0.0026.5%8.6%24.2%0.0%0.0%-3.1%0.1%4.3K-84.1K-1990.0056.90N/AN/A0020
2007-02-07$576.96$0.0026.5%8.5%24.3%0.0%0.0%-2.6%0.9%4.1K-90.2K-1920.0041.18N/AN/A0020
2007-02-08$581.44$0.0030.2%8.7%24.3%0.0%0.0%-2.6%-1.1%3.9K-96.7K-1840.0041.45N/AN/A0020
2007-02-09$584.00$0.0034.4%9.9%24.3%0.0%34.6%-1.7%-2.0%3.6K-97.3K-1830.0029.09N/AN/A3020
2007-02-12$590.08$640.0034.8%10.0%22.6%0.0%0.0%-1.0%-2.6%8.8K-148.5K-3530.0033.44N/AN/A0050
2007-02-13$592.00$640.0034.2%9.8%22.6%0.0%0.0%0.0%-1.5%8.9K-148.9K-3390.0031.32N/AN/A0050
2007-02-14$588.80$640.0034.3%9.8%20.8%0.0%0.0%-0.1%-2.0%8.8K-144.7K-3280.0027.87N/AN/A0050
2007-02-15$588.48$640.0033.7%9.7%19.7%0.0%0.0%-0.4%-0.0%8.8K-141.5K-3240.0034.26N/AN/A0050
2007-02-16$592.00$640.0034.2%9.8%17.3%0.0%0.0%0.1%-1.3%8.8K-145.5K-3110.0038.23N/AN/A0050
2007-02-20$594.24$640.0034.3%9.8%17.3%0.0%0.0%0.3%-3.5%9.1K-133.9K-2950.0035.54N/AN/A0050
2007-02-21$599.68$640.0035.0%10.0%17.2%0.0%28.6%1.1%-5.1%9.7K-137.2K-2950.0042.34N/AN/A1050
2007-02-22$602.56$640.0030.9%8.9%17.1%0.0%0.0%1.1%-1.1%10.0K-139.1K-2880.0046.27N/AN/A0050
2007-02-23$600.32$640.0028.8%8.3%16.1%0.0%0.0%1.3%1.4%10.0K-137.7K-2740.0039.61N/AN/A0050
2007-02-26$600.64$640.0029.3%8.4%16.2%0.0%0.0%0.3%0.9%10.0K-125.0K-2460.0059.97N/AN/A0050
2007-02-27$592.64$640.0032.1%9.2%16.6%0.0%0.0%-0.0%1.4%9.4K-120.7K-2450.0040.65N/AN/A0050
2007-02-28$594.56$640.0027.1%7.8%15.6%0.0%36.4%1.9%10.5%10.1K-129.6K-2400.0040.63N/AN/A0050