DAVE Options History — April 2007

Name: DAVE Options Analytics - April 2007
Creator: Options Analysis Suite

In April 2007, DAVE traded between $554.24 and $612.48. ATM implied volatility averaged 30.8%. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 4.7% (HV 20d: 26.2%). Max pain ranged from $480.00 to $560.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.05.

Notable Days

2007-04-03: Highest Volume — 2 contracts
2007-04-26: Largest IV drop — 20.1% change
2007-04-23: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$571.63	$554.24	$612.48	$554.24	$609.92
Max Pain	$533.33	$480.00	$560.00	$480.00	$560.00
ATM IV	30.8%	27.6%	35.1%	32.1%	27.9%
Expected Move	8.9%	7.9%	10.1%	9.2%	8.0%
HV 20d	26.2%	22.7%	37.3%	23.5%	35.5%
HV 60d	22.0%	20.4%	25.5%	21.9%	25.4%
Term Structure	-1.4%	-4.5%	0.5%	-1.0%	-0.5%
VWIV	30.5%	22.2%	35.1%	29.7%	22.2%
Skew 25d	2.9%	0.8%	5.7%	0.8%	3.0%
Skew 10d	6.7%	1.3%	12.1%	1.3%	12.1%
Call IV 25d	30.2%	27.4%	32.3%	31.3%	31.2%
Put IV 25d	33.2%	32.0%	34.2%	32.0%	34.2%
Bid-Ask Spread %	62.13	21.39	84.72	67.32	35.77
Gamma HHI	0.64	0.50	0.91	0.57	0.52
Net GEX	11.6K	4.4K	45.8K	6.8K	5.4K
Net DEX	-122.8K	-192.8K	-75.7K	-75.7K	-190.4K
Net VEX	-613	-700	-462	-463	-648
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.45	0.45	0.00
Total Volume	0.35	0	2	0	1
Total OI	5.95	5	7	5	6

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2007-04-02	$554.24	$480.00	32.1%	9.2%	23.5%	0.0%	0.0%	0.8%	-1.0%	6.8K	-75.7K	-463	0.00	67.32	N/A	N/A	0	0	4	1
2007-04-03	$559.04	$480.00	29.7%	8.5%	23.5%	0.0%	29.7%	2.5%	0.5%	7.5K	-83.4K	-462	0.45	68.08	N/A	N/A	1	1	4	1
2007-04-04	$557.44	$480.00	30.5%	8.7%	23.5%	0.0%	0.0%	2.5%	0.0%	8.4K	-92.3K	-640	0.00	68.08	N/A	N/A	0	0	5	1
2007-04-05	$560.96	$480.00	29.9%	8.6%	23.7%	0.0%	0.0%	5.7%	0.3%	8.9K	-94.8K	-637	0.00	50.14	N/A	N/A	0	0	5	1
2007-04-09	$567.04	$0.00	30.2%	8.8%	24.0%	0.0%	0.0%	1.6%	-1.0%	9.8K	-111.0K	-618	0.00	84.34	N/A	N/A	0	0	5	1
2007-04-10	$568.32	$0.00	30.2%	8.7%	23.6%	0.0%	0.0%	0.0%	-1.0%	10.1K	-113.2K	-627	0.00	83.21	N/A	N/A	0	0	5	1
2007-04-11	$567.04	$0.00	29.4%	8.6%	23.4%	0.0%	0.0%	4.5%	-0.9%	10.6K	-113.0K	-606	0.00	84.56	N/A	N/A	0	0	5	1
2007-04-12	$562.88	$0.00	30.6%	8.8%	23.1%	0.0%	0.0%	0.0%	-1.1%	11.9K	-101.6K	-601	0.00	82.38	N/A	N/A	0	0	5	1
2007-04-13	$570.24	$0.00	30.0%	8.6%	22.9%	0.0%	0.0%	3.0%	-0.0%	11.4K	-118.7K	-602	0.00	84.10	N/A	N/A	0	0	5	1
2007-04-16	$568.00	$0.00	30.6%	8.8%	22.7%	0.0%	0.0%	0.0%	-1.8%	17.1K	-125.0K	-582	0.00	83.50	N/A	N/A	0	0	5	1
2007-04-17	$581.44	$0.00	30.7%	8.8%	24.2%	0.0%	0.0%	0.0%	-0.7%	8.7K	-158.9K	-584	0.00	84.72	N/A	N/A	0	0	5	1
2007-04-18	$568.00	$0.00	32.1%	9.2%	25.2%	0.0%	32.1%	0.0%	-3.3%	19.6K	-131.7K	-566	0.00	58.25	N/A	N/A	1	0	5	1
2007-04-19	$569.60	$560.00	31.1%	8.9%	25.1%	0.0%	0.0%	0.0%	-2.3%	20.2K	-170.0K	-614	0.00	59.13	N/A	N/A	0	0	6	1
2007-04-20	$561.92	$560.00	31.4%	9.0%	25.4%	0.0%	0.0%	0.0%	-2.6%	45.8K	-137.7K	-611	0.00	22.57	N/A	N/A	1	0	6	1
2007-04-23	$570.24	$560.00	35.1%	10.1%	25.9%	0.0%	35.1%	0.0%	-4.2%	4.4K	-76.1K	-654	0.00	58.61	N/A	N/A	1	0	4	1
2007-04-24	$556.80	$560.00	34.2%	9.8%	27.1%	0.0%	0.0%	0.0%	-3.6%	6.7K	-84.7K	-686	0.00	21.39	N/A	N/A	0	0	5	1
2007-04-25	$563.20	$560.00	34.6%	9.9%	27.5%	0.0%	34.6%	0.0%	-4.5%	6.8K	-95.6K	-700	0.00	22.13	N/A	N/A	0	0	5	1
2007-04-26	$603.84	$560.00	27.6%	7.9%	37.3%	0.0%	29.2%	0.0%	-0.6%	6.6K	-192.8K	-693	0.00	64.44	N/A	N/A	1	0	5	1
2007-04-27	$612.48	$560.00	28.5%	8.2%	36.2%	0.0%	0.0%	0.0%	-0.2%	5.6K	-188.5K	-669	0.00	59.82	N/A	N/A	0	0	5	1
2007-04-30	$609.92	$560.00	27.9%	8.0%	35.5%	0.0%	22.2%	0.0%	-0.5%	5.4K	-190.4K	-648	0.00	35.77	N/A	N/A	1	0	5	1