DAVE Options History — February 2009

In February 2009, DAVE traded between $86.40 and $101.44. ATM implied volatility averaged 88.3%, placing in the 36.1% IV rank vs the trailing year. The 30-day expected move averaged 25.3%. IV traded above realized volatility by 12.0% (HV 20d: 76.3%). Max pain ranged from $80.00 to $160.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 5 of 19 days.

Notable Days

  • 2009-02-23: Highest Volume — 1 contracts
  • 2009-02-04: Largest IV drop — 30.5% change
  • 2009-02-03: Highest IV Rank — 53.4%
  • 2009-02-03: Largest Expected Move — 32.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.43$86.40$101.44$93.44$86.40
Max Pain$143.16$80.00$160.00$160.00$80.00
ATM IV88.3%79.2%114.0%91.6%82.1%
Expected Move25.3%22.7%32.7%26.3%23.5%
HV 20d76.3%52.3%126.8%125.5%73.9%
HV 60d103.1%92.8%110.3%109.6%97.2%
IV Rank36.1%30.1%53.4%38.4%32.0%
IV Percentile80.9%72.2%93.7%85.7%73.4%
Term Structure16.9%10.4%28.1%12.4%28.1%
Skew 25d-9.9%-32.0%6.1%-8.9%-26.1%
Skew 10d-16.9%-43.2%5.3%-12.9%-43.2%
Call IV 25d111.3%97.0%141.3%104.2%121.7%
Put IV 25d101.4%77.7%134.7%95.3%95.6%
Bid-Ask Spread %103.60100.14112.19100.55104.43
Gamma HHI0.570.471.000.480.51
Net GEX1400183169113
Net DEX5.5K-2.0K8.8K7.1K2.1K
Net VEX-41-600-47-60
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0530100
Total OI77777

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$93.44$160.0091.6%26.3%125.5%38.4%0.0%-8.9%0.0%1697.1K-470.00100.55N/AN/A0052
2009-02-03$98.56$160.00114.0%32.7%126.8%53.4%0.0%-6.6%0.0%08.6K00.00108.39N/AN/A0052
2009-02-04$94.72$160.0079.2%22.7%96.5%30.1%0.0%-5.7%0.0%1776.3K-490.00102.41N/AN/A0052
2009-02-05$96.00$160.0085.3%24.5%96.9%34.1%0.0%-5.1%0.0%1835.7K-500.00104.31N/AN/A0052
2009-02-06$94.40$160.0079.4%22.8%91.9%30.2%0.0%-7.4%0.0%1707.6K-440.00103.54N/AN/A0052
2009-02-09$96.64$160.0089.1%25.5%88.1%36.7%0.0%-16.8%0.0%1767.8K-380.00112.19N/AN/A0052
2009-02-10$94.40$160.0079.9%22.9%85.9%30.5%0.0%-11.7%0.0%1757.0K-420.00102.40N/AN/A0052
2009-02-11$96.64$160.0085.3%24.4%86.2%34.1%0.0%0.6%0.0%1814.8K-510.00104.21N/AN/A0052
2009-02-12$95.68$160.0083.4%23.9%73.2%32.9%0.0%0.5%0.0%1795.0K-520.00104.36N/AN/A0052
2009-02-13$95.36$160.0088.0%25.2%52.4%36.0%0.0%6.1%0.0%1744.9K-540.00100.68N/AN/A0052
2009-02-17$100.16$160.0097.2%27.9%52.3%42.1%0.0%-11.1%0.0%188.8K00.00100.14N/AN/A0052
2009-02-18$96.96$160.0096.3%27.6%53.1%41.5%0.0%-5.1%0.0%1775.9K-490.00101.27N/AN/A0052
2009-02-19$98.88$160.0099.6%28.6%52.4%43.8%0.0%3.2%0.0%08.7K00.00102.12N/AN/A0052
2009-02-20$95.68$160.0092.2%26.4%53.2%38.8%0.0%-12.8%0.0%1806.3K-420.00103.22N/AN/A0052
2009-02-23$93.44$160.0085.6%24.5%53.5%34.3%0.0%-15.0%12.4%1727.3K-360.00102.17N/AN/A0152
2009-02-24$94.40$80.0086.1%24.7%53.6%34.7%0.0%-9.3%10.8%158-2.0K-550.00100.96N/AN/A0052
2009-02-25$101.44$80.0080.3%23.0%60.8%30.8%0.0%-32.0%10.4%148-110-520.00107.50N/AN/A0052
2009-02-26$89.92$80.0082.8%23.7%73.4%32.4%0.0%-24.7%23.0%1172.0K-590.00103.51N/AN/A0052
2009-02-27$86.40$80.0082.1%23.5%73.9%32.0%0.0%-26.1%28.1%1132.1K-600.00104.43N/AN/A0052