DAVE Options History — January 2011

In January 2011, DAVE traded between $321.92 and $361.28. ATM implied volatility averaged 42.8%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 17.4% (HV 20d: 25.5%). Max pain ranged from $320.00 to $320.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-01-25: Largest IV spike — 48.9% change
  • 2011-01-12: Highest IV Rank — 30.5%
  • 2011-01-31: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$349.31$321.92$361.28$356.16$321.92
Max Pain$320.00$320.00$320.00$320.00$320.00
ATM IV42.8%30.7%62.1%35.4%49.0%
Expected Move11.7%8.4%14.0%10.1%14.0%
HV 20d25.5%18.9%34.3%33.6%21.8%
HV 60d29.4%26.4%30.6%30.3%27.2%
IV Rank14.5%1.8%30.5%5.7%22.7%
IV Percentile34.0%1.2%92.9%6.7%61.9%
Term Structure4.1%-8.5%24.2%-0.4%4.9%
VWIV41.2%34.2%50.1%39.3%34.2%
Skew 25d5.5%-6.6%26.1%5.0%5.7%
Skew 10d17.2%-0.7%61.8%10.2%17.1%
Call IV 25d39.1%29.6%56.1%39.7%56.1%
Put IV 25d44.5%36.9%66.8%44.7%61.8%
Bid-Ask Spread %112.61104.10117.62113.24112.97
Gamma HHI0.790.670.870.870.67
Net GEX5.8K3.8K7.4K6.8K3.8K
Net DEX-167.2K-211.7K-79.6K-201.0K-79.6K
Net VEX-575-679-408-679-408
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume00000
Total OI23929299

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-01-03$356.16$320.0035.4%10.1%33.6%5.7%39.3%5.0%-0.4%6.8K-201.0K-6790.00113.24N/AN/A001415
2011-01-04$355.20$320.0038.4%11.0%33.6%8.5%0.0%9.8%-6.6%6.7K-202.9K-6770.00115.84N/AN/A001415
2011-01-05$359.68$320.0038.7%11.1%33.7%8.9%0.0%13.4%-8.5%7.4K-210.3K-6600.00106.35N/AN/A001415
2011-01-06$354.88$320.0039.2%11.2%34.3%9.3%0.0%3.0%0.1%6.5K-197.7K-6620.00115.75N/AN/A001415
2011-01-07$358.72$0.0040.0%10.6%33.0%10.1%0.0%6.2%14.0%7.0K-201.8K-6350.00116.73N/AN/A001415
2011-01-10$359.04$0.0048.5%11.7%29.9%17.9%0.0%4.4%11.8%7.1K-209.9K-6500.00105.39N/AN/A001415
2011-01-11$361.28$0.0043.5%8.4%21.2%13.3%0.0%12.1%10.1%7.1K-211.7K-6400.00106.70N/AN/A001415
2011-01-12$353.92$0.0062.1%13.1%22.7%30.5%0.0%0.5%-4.9%7.2K-194.0K-6720.00116.29N/AN/A001415
2011-01-13$355.20$0.0041.7%12.0%22.6%14.4%0.0%3.1%5.7%6.2K-197.8K-5910.00117.36N/AN/A001415
2011-01-14$354.88$0.0044.9%12.9%22.6%18.1%0.0%0.8%-2.9%7.3K-197.2K-6460.00116.27N/AN/A001415
2011-01-18$353.60$0.0044.8%12.9%22.7%18.0%0.0%5.0%1.2%6.9K-190.1K-5830.00104.10N/AN/A001415
2011-01-19$345.92$0.0045.8%13.1%23.7%19.1%50.1%-0.9%-3.2%4.7K-172.6K-5220.00116.36N/AN/A001415
2011-01-20$347.20$320.0040.6%11.6%21.9%13.1%0.0%9.7%8.4%4.8K-178.0K-5190.00115.56N/AN/A001415
2011-01-21$351.68$320.0039.1%11.2%22.4%11.4%34.2%11.6%12.4%4.9K-186.9K-5320.00106.28N/AN/A001415
2011-01-24$351.36$320.0030.7%8.8%22.2%1.8%0.0%3.6%24.2%5.0K-119.5K-5290.00109.06N/AN/A0090
2011-01-25$339.84$320.0045.7%13.1%24.7%19.0%0.0%-1.5%-1.8%4.5K-108.5K-5070.00114.35N/AN/A0090
2011-01-26$338.24$320.0046.0%13.2%22.1%19.3%0.0%-1.7%-3.2%4.4K-102.6K-4770.00117.62N/AN/A0090
2011-01-27$338.88$320.0047.8%13.7%18.9%21.4%0.0%26.1%8.0%4.4K-97.1K-4670.00114.90N/AN/A0090
2011-01-28$328.64$320.0034.9%10.0%21.3%6.5%0.0%-6.6%12.4%4.0K-84.1K-4370.00111.07N/AN/A0090
2011-01-31$321.92$320.0049.0%14.0%21.8%22.7%0.0%5.7%4.9%3.8K-79.6K-4080.00112.97N/AN/A0090