DAVE Options History — September 2007

In September 2007, DAVE traded between $504.00 and $614.08. ATM implied volatility averaged 35.8%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 5.8% (HV 20d: 41.7%). 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 0.12.

Notable Days

  • 2007-09-13: Highest Volume — 1 contracts
  • 2007-09-06: Largest IV spike — 8.9% change
  • 2007-09-21: Highest IV Rank — 12.6%
  • 2007-09-21: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$564.55$504.00$614.08$614.08$520.32
Max Pain$625.00$560.00$640.00$640.00$560.00
ATM IV35.8%32.3%38.0%32.5%37.0%
Expected Move10.4%9.3%10.9%9.3%10.6%
HV 20d41.7%32.3%46.0%44.7%37.9%
HV 60d36.2%34.8%39.2%34.8%38.9%
IV Rank11.4%9.4%12.6%9.5%12.1%
IV Percentile85.8%69.2%91.7%70.8%89.2%
Term Structure-0.6%-2.9%2.8%1.4%-0.5%
VWIV36.9%35.8%38.9%35.8%38.9%
Skew 25d1.5%-8.4%11.0%6.4%1.6%
Skew 10d0.9%-6.8%9.6%9.6%4.2%
Call IV 25d32.0%23.5%38.5%27.7%37.2%
Put IV 25d33.6%27.0%38.8%34.1%38.8%
Bid-Ask Spread %73.0339.4399.3258.7242.26
Gamma HHI0.360.310.410.380.32
Net GEX2.7K1.5K4.5K4.5K2.9K
Net DEX31.4K-41.7K99.9K-41.7K1.4K
Net VEX-685-1.0K-378-1.0K-492
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.000.000.00
Total Volume0.1580101
Total OI12.05312131213

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-09-04$614.08$0.0032.5%9.3%44.7%9.5%0.0%6.4%1.4%4.5K-41.7K-1.0K0.0058.72N/AN/A0093
2007-09-05$607.68$0.0032.3%9.3%44.5%9.4%0.0%6.7%2.2%4.1K-21.5K-9730.0059.39N/AN/A0093
2007-09-06$584.00$0.0035.2%10.1%46.0%11.0%0.0%-0.8%0.8%3.2K14.8K-8360.0059.36N/AN/A0093
2007-09-07$583.04$640.0035.1%9.8%44.6%11.0%0.0%-3.2%2.8%3.1K19.7K-8100.0069.88N/AN/A0093
2007-09-10$576.00$640.0034.5%10.4%44.5%10.7%0.0%-3.0%-0.3%2.7K39.3K-7500.0086.54N/AN/A0093
2007-09-11$574.40$640.0034.4%10.5%44.6%10.6%0.0%-0.8%0.1%2.6K43.4K-6960.0089.96N/AN/A0093
2007-09-12$576.00$640.0035.7%10.9%44.0%11.3%0.0%11.0%0.9%2.7K35.7K-7660.0093.97N/AN/A0093
2007-09-13$567.68$640.0036.9%10.6%44.1%12.0%0.0%-3.7%-1.6%2.4K52.7K-6700.0089.21N/AN/A1093
2007-09-14$571.20$640.0036.2%10.4%43.5%11.6%0.0%7.2%0.4%2.8K35.3K-7270.0098.03N/AN/A0093
2007-09-17$560.64$640.0037.2%10.7%43.8%12.1%0.0%5.4%-2.9%2.4K52.8K-6510.0081.74N/AN/A0093
2007-09-18$577.60$640.0036.9%10.6%44.9%12.0%35.8%-0.5%-2.9%3.1K25.9K-7180.0099.32N/AN/A0093
2007-09-19$581.12$640.0035.5%10.2%44.9%11.2%0.0%10.0%0.5%3.2K21.0K-7550.0097.48N/AN/A0093
2007-09-20$570.24$640.0037.5%10.7%44.8%12.3%0.0%8.5%-2.1%2.7K42.0K-6740.0082.32N/AN/A0093
2007-09-21$550.40$640.0038.0%10.9%35.5%12.6%0.0%1.4%-2.0%1.9K71.4K-5870.0080.43N/AN/A0093
2007-09-24$547.84$640.0036.5%10.5%35.3%11.8%36.5%-1.7%-2.0%1.6K81.4K-5550.0062.26N/AN/A0093
2007-09-25$527.68$640.0036.7%10.5%34.2%11.9%36.6%-8.4%-1.6%1.5K99.9K-4410.3346.40N/AN/A1093
2007-09-26$504.00$560.0037.6%10.8%32.3%12.4%0.0%-0.7%-1.7%2.0K24.5K-3781.0039.43N/AN/A00102
2007-09-27$532.48$560.0035.2%10.1%37.6%11.0%0.0%-6.0%-2.4%2.8K-1.7K-5160.0050.91N/AN/A00102
2007-09-28$520.32$560.0037.0%10.6%37.9%12.1%38.9%1.6%-0.5%2.9K1.4K-4920.0042.26N/AN/A10112