DAVE Options History — November 2008

In November 2008, DAVE traded between $82.56 and $142.08. ATM implied volatility averaged 82.5%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded below realized volatility by 1.7% (HV 20d: 84.2%). Max pain ranged from $160.00 to $160.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-11-20: Largest IV spike — 109.5% change
  • 2008-11-20: Highest IV Rank — 66.7%
  • 2008-11-20: Largest Expected Move — 37.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.00$82.56$142.08$142.08$92.16
Max Pain$160.00$160.00$160.00$160.00$160.00
ATM IV82.5%55.3%131.9%55.3%103.6%
Expected Move22.0%15.2%37.8%15.8%29.7%
HV 20d84.2%57.2%112.7%82.4%112.7%
HV 60d77.8%71.3%90.4%72.7%85.6%
IV Rank34.7%17.1%66.7%17.1%48.4%
IV Percentile90.9%76.6%98.0%76.6%96.4%
Term Structure-3.0%-35.0%15.9%15.0%-15.6%
Skew 25d7.7%-63.3%46.0%40.9%11.2%
Skew 10d6.3%-62.1%45.1%39.7%15.1%
Call IV 25d82.9%52.6%147.4%61.9%90.5%
Put IV 25d90.6%65.9%119.1%102.8%101.7%
Bid-Ask Spread %85.2651.14134.4552.1384.97
Gamma HHI0.610.361.000.440.57
Net GEX49-67141-6752
Net DEX51.5K41.2K57.6K48.1K42.5K
Net VEX-109-2190-219-70
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume00000
Total OI14.78914151514

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$142.08$160.0055.3%15.8%82.4%17.1%0.0%40.9%15.0%-6748.1K-2190.0052.13N/AN/A0096
2008-11-04$137.92$160.0068.0%19.5%82.5%25.3%0.0%34.7%-15.3%-2657.6K-1510.0069.24N/AN/A0096
2008-11-05$137.28$160.0069.6%20.0%79.3%26.4%0.0%34.4%0.5%-3751.5K-1870.0054.38N/AN/A0096
2008-11-06$131.20$160.0070.6%20.3%73.1%27.0%0.0%23.3%-18.4%8757.2K-1400.0051.14N/AN/A0096
2008-11-07$138.24$0.0070.8%15.2%71.0%27.1%0.0%46.0%-4.4%-3756.9K-1540.0091.45N/AN/A0096
2008-11-10$134.72$0.0080.6%16.8%62.7%33.5%0.0%1.9%11.8%11552.4K-1800.00102.47N/AN/A0096
2008-11-11$130.24$0.0089.0%17.2%63.5%38.9%0.0%14.9%-5.9%10756.5K-1370.0085.94N/AN/A0096
2008-11-12$123.20$0.0099.5%17.2%62.0%45.7%0.0%9.1%-6.2%9855.6K-1250.0082.36N/AN/A0096
2008-11-13$127.36$0.0060.4%17.3%59.4%20.4%0.0%15.7%-5.7%11257.6K-1240.0086.99N/AN/A0096
2008-11-14$125.76$0.0086.9%24.9%57.2%37.5%0.0%29.8%-21.3%14157.6K-1260.00125.51N/AN/A0096
2008-11-17$117.44$0.0092.4%26.5%61.6%41.1%0.0%8.1%-19.9%9153.9K-1180.0082.26N/AN/A0096
2008-11-18$96.00$0.0062.3%17.9%92.5%21.6%0.0%-3.4%-4.1%8152.0K-510.0085.66N/AN/A0096
2008-11-19$92.80$0.0063.0%18.1%92.7%22.1%0.0%-39.5%9.1%3849.2K-520.0064.72N/AN/A0096
2008-11-20$82.56$0.00131.9%37.8%97.7%66.7%0.0%-11.7%-35.0%3547.7K-340.00134.45N/AN/A0096
2008-11-21$95.68$0.00101.9%29.2%111.8%47.3%0.0%-63.3%12.9%055.9K00.0075.75N/AN/A0096
2008-11-24$92.16$0.0088.6%25.4%112.1%38.7%0.0%13.8%14.4%5041.2K-780.0096.31N/AN/A0086
2008-11-25$92.80$0.0089.5%25.7%112.0%39.3%0.0%8.5%15.9%5142.3K-760.0099.04N/AN/A0086
2008-11-26$95.36$0.0082.9%23.8%112.7%35.0%0.0%-28.3%15.5%3843.2K-580.0095.18N/AN/A0086
2008-11-28$92.16$0.00103.6%29.7%112.7%48.4%0.0%11.2%-15.6%5242.5K-700.0084.97N/AN/A0086