DAVE Options History — August 2011

In August 2011, DAVE traded between $272.00 and $331.52. ATM implied volatility averaged 70.0%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 23.5% (HV 20d: 46.5%). Max pain ranged from $240.00 to $240.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.73.

Notable Days

  • 2011-08-26: Highest Volume — 2 contracts
  • 2011-08-25: Largest IV spike — 60.7% change
  • 2011-08-25: Highest IV Rank — 59.6%
  • 2011-08-11: Largest Expected Move — 24.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$303.47$272.00$331.52$331.52$305.60
Max Pain$240.00$240.00$240.00$240.00$240.00
ATM IV70.0%34.3%119.4%41.1%76.8%
Expected Move17.7%5.1%24.3%11.8%22.0%
HV 20d46.5%22.1%57.8%28.2%55.9%
HV 60d39.8%30.2%43.7%30.2%43.4%
IV Rank27.2%3.7%59.6%8.2%31.6%
IV Percentile78.1%7.9%99.2%34.1%92.9%
Term Structure-6.3%-38.8%161.5%-3.0%-9.9%
Skew 25d-7.1%-138.9%40.6%5.0%11.2%
Skew 10d-7.8%-90.3%22.4%17.2%9.6%
Call IV 25d81.0%36.3%193.2%41.9%88.7%
Put IV 25d73.9%35.2%143.3%46.9%99.9%
Bid-Ask Spread %122.82106.42151.19106.70118.05
Gamma HHI0.690.530.860.860.65
Net GEX2.7K5785.1K4.1K2.4K
Net DEX-80.9K-149.2K662-149.2K-107.3K
Net VEX-820-1.0K-681-747-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.730.008.508.500.16
Total Volume0.3480210
Total OI15.34812191219

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$331.52$240.0041.1%11.8%28.2%8.2%0.0%5.0%-3.0%4.1K-149.2K-7478.50106.70N/AN/A0184
2011-08-02$328.00$240.0040.6%11.6%27.8%7.9%0.0%5.4%-1.6%3.9K-140.8K-7860.00107.88N/AN/A0095
2011-08-03$314.24$240.0034.3%9.8%22.1%3.7%0.0%5.8%0.1%3.8K-107.4K-7940.00112.52N/AN/A0095
2011-08-04$299.20$240.0035.1%10.1%27.0%4.3%0.0%14.6%2.2%3.5K-64.2K-7460.00109.38N/AN/A0095
2011-08-05$296.64$0.0035.3%9.3%24.2%4.4%0.0%-2.2%-1.0%3.3K-61.8K-7500.00106.42N/AN/A0195
2011-08-08$272.00$0.0054.3%0.0%36.7%16.9%0.0%-29.8%0.0%1.4K662-6810.00150.25N/AN/A0096
2011-08-09$276.80$0.0081.9%5.1%38.0%35.0%0.0%-138.9%161.5%578-59.1K-7740.00124.11N/AN/A1096
2011-08-10$272.00$0.00112.6%0.0%37.7%55.2%0.0%40.6%0.0%1.4K-4.4K-7230.00151.19N/AN/A0096
2011-08-11$274.88$0.0084.8%24.3%38.2%36.9%0.0%2.4%-15.8%1.4K-42.0K-8240.00117.01N/AN/A0096
2011-08-12$302.08$0.0083.2%0.0%53.9%35.9%0.0%-50.0%-36.3%816-98.2K-8320.00150.02N/AN/A0096
2011-08-15$306.24$0.0066.8%19.2%54.4%25.1%0.0%6.9%-27.1%3.3K-75.7K-8440.00117.73N/AN/A0096
2011-08-16$311.36$0.0067.3%19.3%55.0%25.4%0.0%8.6%-25.3%3.4K-87.9K-8460.00117.57N/AN/A0096
2011-08-17$317.12$0.0068.1%19.5%55.6%26.0%0.0%11.3%-26.0%3.7K-107.1K-8620.00115.23N/AN/A0096
2011-08-18$317.44$0.0083.6%24.0%55.7%36.1%0.0%-44.8%-38.8%5.1K-91.8K-6850.00148.45N/AN/A0096
2011-08-19$303.68$0.0072.5%20.8%57.4%28.9%0.0%5.9%-20.2%2.4K-75.8K-8520.00116.74N/AN/A0096
2011-08-22$305.28$0.0073.4%21.0%57.5%29.4%0.0%7.3%-26.1%2.7K-73.4K-8290.00116.73N/AN/A0096
2011-08-23$304.96$0.0070.6%20.2%57.4%27.6%0.0%14.0%-16.9%3.2K-63.7K-7490.00117.47N/AN/A0196
2011-08-24$301.44$0.0074.3%21.3%57.4%30.0%0.0%13.9%-5.4%2.1K-68.7K-8320.00117.78N/AN/A1097
2011-08-25$305.60$0.00119.4%0.0%57.2%59.6%0.0%-82.5%0.0%1.1K-59.2K-7600.00149.87N/AN/A0197
2011-08-26$310.72$0.0076.6%22.0%57.5%31.6%0.0%8.0%-13.7%2.0K-90.0K-9100.16117.19N/AN/A2097
2011-08-29$314.56$0.0079.8%22.9%57.6%33.7%0.0%10.3%-16.4%2.8K-120.7K-9950.00118.10N/AN/A00118
2011-08-30$308.48$0.0077.7%22.3%57.8%32.2%0.0%14.5%-6.3%2.5K-112.9K-1.0K0.00118.50N/AN/A00118
2011-08-31$305.60$0.0076.8%22.0%55.9%31.6%0.0%11.2%-9.9%2.4K-107.3K-1.0K0.00118.05N/AN/A00118