DAVE Options History — February 2011

In February 2011, DAVE traded between $321.60 and $367.04. ATM implied volatility averaged 53.2%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 21.2% (HV 20d: 32.0%). Max pain ranged from $320.00 to $320.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-02-03: Highest Volume — 2 contracts
  • 2011-02-28: Largest IV spike — 260.9% change
  • 2011-02-28: Highest IV Rank — 100.0%
  • 2011-02-22: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$339.22$321.60$367.04$327.04$328.32
Max Pain$320.00$320.00$320.00$320.00$320.00
ATM IV53.2%38.6%180.8%44.5%180.8%
Expected Move13.2%11.1%16.2%12.8%14.4%
HV 20d32.0%23.0%37.5%23.0%35.4%
HV 60d29.3%27.3%31.3%27.3%30.9%
IV Rank23.7%10.9%100.0%17.6%100.0%
IV Percentile49.5%16.3%100.0%37.7%100.0%
Term Structure0.3%-7.6%12.3%-0.4%-6.5%
VWIV47.9%43.5%52.2%43.5%52.2%
Skew 25d10.6%-0.8%38.7%0.8%26.9%
Skew 10d22.1%4.8%62.8%15.8%43.2%
Call IV 25d47.8%29.6%126.1%56.5%126.1%
Put IV 25d58.4%39.7%153.0%57.3%153.0%
Bid-Ask Spread %115.5882.81177.80121.92177.80
Gamma HHI0.660.490.940.670.53
Net GEX3.3K75.1K3.8K2.3K
Net DEX-88.4K-155.0K-37.9K-80.2K-155.0K
Net VEX-422-515-291-419-449
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1580200
Total OI10.42191299

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$327.04$320.0044.5%12.8%23.0%17.6%0.0%0.8%-0.4%3.8K-80.2K-4190.00121.92N/AN/A0090
2011-02-02$332.16$320.0046.3%13.3%24.1%19.6%0.0%0.7%0.3%4.7K-89.2K-3990.00121.70N/AN/A0090
2011-02-03$342.72$320.0044.8%12.8%26.5%17.9%43.5%14.9%2.5%4.7K-106.4K-4740.00116.09N/AN/A0290
2011-02-04$343.04$0.0041.2%13.3%26.2%13.8%0.0%10.3%0.8%2.6K-95.8K-5150.00114.16N/AN/A0092
2011-02-07$352.00$0.0041.3%11.7%27.7%13.9%0.0%17.9%12.3%3.6K-108.1K-4850.00104.18N/AN/A0092
2011-02-08$352.96$0.0042.5%13.6%27.7%15.3%0.0%17.7%0.1%3.9K-111.1K-4880.0099.08N/AN/A0092
2011-02-09$352.96$0.0048.9%11.1%27.6%22.7%0.0%2.5%9.1%3.8K-111.2K-4860.00116.90N/AN/A0092
2011-02-10$367.04$0.0039.9%11.4%30.0%12.3%0.0%7.5%6.2%5.1K-138.2K-5110.00116.22N/AN/A0092
2011-02-11$349.12$0.0038.6%11.1%35.2%10.9%0.0%1.6%9.2%3.3K-101.0K-4740.00117.22N/AN/A0192
2011-02-14$343.68$0.0045.4%13.0%35.6%18.6%0.0%0.3%-4.1%2.7K-72.0K-4400.00116.76N/AN/A0093
2011-02-15$343.04$0.0046.0%13.2%35.6%19.3%0.0%7.7%-2.5%2.5K-67.8K-4290.0082.81N/AN/A0093
2011-02-16$340.80$0.0047.1%13.5%34.8%20.5%0.0%-0.8%-7.4%2.4K-68.1K-4320.00116.05N/AN/A0093
2011-02-17$342.40$0.0046.2%13.2%34.8%19.5%0.0%1.6%-4.3%2.6K-68.8K-4200.00118.45N/AN/A0093
2011-02-18$328.00$0.0047.5%13.6%37.5%21.0%0.0%5.8%-1.3%7-37.9K-3560.00113.84N/AN/A0093
2011-02-22$325.12$0.0056.4%16.2%37.5%31.2%0.0%10.2%-7.6%3.6K-63.0K-3060.00110.90N/AN/A0090
2011-02-23$321.60$0.0053.5%15.3%36.0%27.9%52.2%38.7%-1.7%3.3K-57.4K-2910.00100.62N/AN/A0090
2011-02-24$323.20$320.0049.5%14.2%36.1%23.4%0.0%33.4%0.4%3.9K-69.2K-3240.00111.51N/AN/A0090
2011-02-25$329.92$320.0050.1%14.4%37.0%24.0%0.0%3.6%-6.5%4.4K-80.2K-3260.00119.83N/AN/A0090
2011-02-28$328.32$320.00180.8%0.0%35.4%100.0%0.0%26.9%0.0%2.3K-155.0K-4490.00177.80N/AN/A0090