DAVE Options History — April 2010

In April 2010, DAVE traded between $254.72 and $300.80. ATM implied volatility averaged 43.7%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 11.0% (HV 20d: 54.7%). Max pain ranged from $160.00 to $240.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2010-04-06: Highest Volume — 2 contracts
  • 2010-04-19: Largest IV spike — 49.4% change
  • 2010-04-14: Highest IV Rank — 19.0%
  • 2010-04-14: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$288.59$254.72$300.80$254.72$300.16
Max Pain$179.05$160.00$240.00$240.00$160.00
ATM IV43.7%29.1%63.1%33.9%46.7%
Expected Move12.4%8.4%13.8%9.7%13.4%
HV 20d54.7%36.5%63.7%61.1%36.5%
HV 60d44.7%42.8%45.8%42.8%44.0%
IV Rank7.9%0.0%19.0%0.8%10.7%
IV Percentile19.7%0.0%53.6%0.4%28.6%
Term Structure1.4%-4.3%15.6%15.6%-0.2%
VWIV44.0%33.4%47.7%33.4%44.3%
Skew 25d-1.5%-17.2%30.9%30.9%-2.7%
Skew 10d2.6%-24.4%62.2%62.2%-0.2%
Call IV 25d42.7%30.8%53.7%37.7%40.5%
Put IV 25d41.2%34.0%68.6%68.6%37.8%
Bid-Ask Spread %48.8628.6867.1258.1632.82
Gamma HHI0.830.480.930.480.74
Net GEX2.5K1.1K4.2K1.3K4.2K
Net DEX-202.4K-265.9K-75.6K-75.6K-265.9K
Net VEX-1.3K-1.3K-1.1K-1.2K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.008.570.000.07
Total Volume0.6190210
Total OI24.66722282228

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-04-01$254.72$240.0033.9%9.7%61.1%0.8%33.4%30.9%15.6%1.3K-75.6K-1.2K0.0058.16N/AN/A101210
2010-04-05$268.80$240.0040.8%13.7%61.9%5.1%0.0%16.2%1.0%1.1K-116.4K-1.2K0.0055.28N/AN/A001210
2010-04-06$268.48$240.0043.0%13.3%61.9%6.5%0.0%9.7%0.0%1.2K-121.0K-1.2K8.5753.32N/AN/A021210
2010-04-07$282.88$240.0046.1%12.9%63.7%8.4%45.6%-11.0%-1.3%1.1K-156.2K-1.1K0.0052.40N/AN/A201210
2010-04-08$288.00$240.0041.9%12.6%63.6%5.9%0.0%-7.6%-0.2%1.3K-172.3K-1.1K0.0055.36N/AN/A101210
2010-04-09$300.80$160.0038.0%12.4%60.4%3.4%0.0%-2.1%1.5%2.7K-246.2K-1.3K0.0049.35N/AN/A001510
2010-04-12$295.36$160.0046.4%13.3%61.7%8.6%46.6%-5.0%-3.1%2.7K-230.4K-1.3K0.0043.26N/AN/A001510
2010-04-13$292.80$160.0052.4%12.6%62.0%12.3%0.0%-5.5%-0.5%2.8K-230.7K-1.3K0.0050.84N/AN/A001510
2010-04-14$294.40$160.0063.1%13.8%57.3%19.0%0.0%4.6%-4.3%2.5K-228.6K-1.3K0.0042.82N/AN/A001510
2010-04-15$293.44$160.0043.5%12.5%55.2%6.8%43.0%4.5%0.8%2.5K-222.1K-1.3K0.0753.98N/AN/A101510
2010-04-16$280.96$160.0029.1%8.4%57.8%0.0%0.0%3.3%14.5%2.3K-184.1K-1.3K0.0067.12N/AN/A101510
2010-04-19$288.32$160.0043.5%12.5%57.3%8.7%44.4%5.4%0.1%2.8K-201.8K-1.3K0.5059.82N/AN/A001510
2010-04-20$289.92$160.0038.4%11.0%55.4%5.6%0.0%-8.3%0.7%2.8K-205.1K-1.3K0.0060.16N/AN/A001510
2010-04-21$288.00$160.0044.0%12.6%55.3%9.0%0.0%-6.8%-0.8%2.8K-202.3K-1.3K0.0059.82N/AN/A001510
2010-04-22$290.88$160.0039.2%11.2%55.2%6.1%0.0%-6.6%-2.4%2.8K-215.9K-1.3K0.0053.86N/AN/A001510
2010-04-23$294.72$160.0042.2%12.1%55.2%7.9%0.0%-0.8%3.6%3.0K-224.5K-1.3K0.0059.04N/AN/A001510
2010-04-26$294.08$160.0047.8%13.7%55.4%11.3%0.0%-17.2%-0.0%2.9K-223.2K-1.3K0.0028.68N/AN/A101510
2010-04-27$295.68$160.0047.1%13.5%38.2%10.9%47.7%-14.3%1.6%3.2K-233.3K-1.3K0.0029.77N/AN/A101610
2010-04-28$297.28$160.0046.4%13.3%37.1%10.4%46.9%-3.9%1.3%3.4K-241.5K-1.3K0.3829.90N/AN/A101710
2010-04-29$300.80$160.0043.9%12.6%37.0%8.9%44.3%-14.5%1.0%3.6K-253.5K-1.2K0.0730.30N/AN/A201710
2010-04-30$300.16$160.0046.7%13.4%36.5%10.7%0.0%-2.7%-0.2%4.2K-265.9K-1.3K0.0032.82N/AN/A001810