DAVE Options History — January 2012

In January 2012, DAVE traded between $326.40 and $359.36. ATM implied volatility averaged 55.2%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 25.7% (HV 20d: 29.5%). Max pain ranged from $320.00 to $320.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-01-31: Highest Volume — 1 contracts
  • 2012-01-11: Largest IV spike — 63.8% change
  • 2012-01-11: Highest IV Rank — 26.0%
  • 2012-01-30: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$338.37$326.40$359.36$326.40$331.52
Max Pain$320.00$320.00$320.00$320.00$320.00
ATM IV55.2%38.0%70.0%47.4%38.0%
Expected Move15.3%10.9%19.3%13.6%10.9%
HV 20d29.5%22.2%36.5%36.5%28.0%
HV 60d32.4%30.9%33.9%33.9%31.3%
IV Rank17.5%7.6%26.0%13.0%7.6%
IV Percentile56.0%15.1%66.3%54.8%15.1%
Term Structure33.5%-23.4%133.4%0.7%133.4%
Skew 25d7.6%-46.1%16.8%5.5%5.8%
Skew 10d13.8%2.1%17.9%13.6%2.1%
Call IV 25d38.5%31.6%93.9%45.4%35.4%
Put IV 25d46.1%37.0%51.8%50.8%41.2%
Bid-Ask Spread %142.63126.98149.67127.67142.93
Gamma HHI0.540.390.780.650.41
Net GEX978-1.8K5.3K3.1K-1.8K
Net DEX-69.7K-186.6K24.7K-72.1K23.5K
Net VEX-293-450-151-450-238
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.050101
Total OI15.8820208

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-01-03$326.40$320.0047.4%13.6%36.5%13.0%0.0%5.5%0.7%3.1K-72.1K-4500.00127.67N/AN/A00614
2012-01-04$331.20$320.0046.4%13.3%36.4%12.5%0.0%8.4%5.4%3.2K-87.8K-4220.00127.81N/AN/A00614
2012-01-05$332.80$320.0053.5%15.3%35.2%16.5%0.0%3.8%-11.6%2.7K-91.3K-3900.00126.98N/AN/A00614
2012-01-06$331.20$320.0046.4%12.0%35.3%12.4%0.0%2.0%63.3%3.5K-90.4K-4100.00147.43N/AN/A00614
2012-01-09$331.20$320.0065.6%13.8%34.7%23.5%0.0%7.4%-7.3%2.5K-84.8K-3900.00148.97N/AN/A00614
2012-01-10$332.80$320.0042.7%14.5%33.5%10.3%0.0%10.3%-7.5%4.4K-101.7K-3690.00149.67N/AN/A00614
2012-01-11$331.20$320.0070.0%14.2%32.5%26.0%0.0%11.5%57.5%2.8K-88.7K-3510.00142.41N/AN/A00614
2012-01-12$332.80$320.0050.0%14.3%32.0%14.5%0.0%9.3%53.6%5.3K-112.0K-3230.00147.76N/AN/A00614
2012-01-13$340.48$320.0061.4%17.6%32.4%21.1%0.0%14.4%-21.9%2.5K-111.9K-3270.00146.40N/AN/A00614
2012-01-17$345.60$320.0050.3%14.4%25.8%14.7%0.0%4.0%-12.7%1.7K-164.8K-2180.00148.01N/AN/A00614
2012-01-18$359.36$320.0060.7%17.4%27.6%20.7%0.0%13.9%-22.5%565-184.3K-1510.00145.24N/AN/A00614
2012-01-19$354.56$320.0059.7%17.1%22.4%20.1%0.0%-46.1%-23.4%-1.1K-186.6K-1650.00141.47N/AN/A00614
2012-01-20$350.40$320.0051.3%14.7%22.2%15.3%0.0%16.4%-22.1%-1.4K-169.4K-1950.00141.79N/AN/A00614
2012-01-23$338.24$320.0063.2%18.1%24.6%22.1%0.0%8.3%58.9%-1.3K22.3K-2550.00147.14N/AN/A0008
2012-01-24$341.44$320.0060.3%17.3%24.7%20.4%0.0%14.1%85.2%-1.3K20.6K-2330.00147.08N/AN/A0008
2012-01-25$345.92$320.0059.1%17.0%24.8%19.7%0.0%16.8%73.5%-1.2K18.9K-2360.00146.95N/AN/A0008
2012-01-26$338.56$320.0057.1%16.4%26.2%18.6%0.0%14.7%80.0%-1.4K21.7K-2510.00141.15N/AN/A0008
2012-01-27$340.80$320.0052.8%15.1%26.3%16.1%0.0%15.2%90.1%-1.4K20.4K-2310.00142.88N/AN/A0008
2012-01-30$330.88$320.0067.3%19.3%28.0%24.4%0.0%16.0%96.9%-1.4K24.7K-2500.00142.90N/AN/A0008
2012-01-31$331.52$320.0038.0%10.9%28.0%7.6%0.0%5.8%133.4%-1.8K23.5K-2380.00142.93N/AN/A0108