DAVE Options History — April 2012

In April 2012, DAVE traded between $319.04 and $386.56. ATM implied volatility averaged 120.0%, placing in the 54.6% IV rank vs the trailing year. The 30-day expected move averaged 39.2%. IV traded above realized volatility by 98.6% (HV 20d: 21.4%). 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 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-04-03: Highest Volume — 2 contracts
  • 2012-04-12: Largest IV spike — 257.2% change
  • 2012-04-25: Highest IV Rank — 99.6%
  • 2012-04-25: Largest Expected Move — 56.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$363.25$319.04$386.56$370.88$319.04
Max Pain$320.00$320.00$320.00$320.00$320.00
ATM IV120.0%28.8%198.5%57.3%82.1%
Expected Move39.2%8.3%56.9%16.4%23.5%
HV 20d21.4%13.8%49.6%18.4%49.6%
HV 60d23.1%19.0%33.1%22.8%33.1%
IV Rank54.6%2.4%99.6%18.7%32.9%
IV Percentile67.2%1.6%99.6%46.4%56.3%
Term Structure-59.0%-170.4%121.4%110.0%115.7%
VWIV82.1%82.1%82.1%82.1%82.1%
Skew 25d-3.3%-131.5%24.4%22.7%-131.5%
Skew 10d-18.4%-150.6%17.7%17.7%-150.6%
Call IV 25d83.8%36.9%196.0%36.9%182.9%
Put IV 25d80.5%34.1%197.2%59.6%51.4%
Bid-Ask Spread %155.58149.21162.74162.16156.50
Gamma HHI0.580.430.700.470.57
Net GEX8881601.7K288628
Net DEX-42.7K-84.3K-5.0K-5.0K-47.5K
Net VEX-350-441-202-224-419
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.20201
Total OI10.65713108

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-04-02$370.88$320.0057.3%16.4%18.4%18.7%0.0%22.7%110.0%288-5.0K-2240.00162.16N/AN/A0019
2012-04-03$366.40$320.0054.3%15.6%19.3%17.0%0.0%16.0%118.4%160-5.4K-2020.00161.81N/AN/A2019
2012-04-04$366.40$320.0055.8%16.0%19.3%17.9%0.0%16.2%118.7%779-30.3K-3170.00162.74N/AN/A0039
2012-04-05$368.00$320.0053.8%15.4%18.9%16.7%0.0%24.4%121.4%1.4K-35.2K-3010.00162.09N/AN/A0039
2012-04-09$361.28$0.0040.4%47.9%20.4%9.0%0.0%16.5%-132.9%497-33.7K-3370.00154.13N/AN/A0039
2012-04-10$362.24$0.0048.9%48.4%20.4%13.9%0.0%17.9%-148.2%554-33.8K-3360.00153.89N/AN/A0039
2012-04-11$366.40$0.0048.2%48.8%18.5%13.5%0.0%19.9%-170.3%755-35.1K-3270.00153.90N/AN/A0039
2012-04-12$366.72$0.00172.3%49.4%17.6%84.6%0.0%18.4%-170.4%850-40.6K-3510.00153.62N/AN/A0039
2012-04-13$365.76$0.00174.9%50.1%15.8%86.1%0.0%21.4%-169.2%787-40.5K-3480.00154.33N/AN/A0039
2012-04-16$365.76$0.00161.0%46.2%14.4%78.1%0.0%20.1%-148.0%764-40.4K-3430.00154.49N/AN/A0039
2012-04-17$372.80$0.00166.4%47.7%13.8%81.2%0.0%22.3%-146.2%869-44.3K-3360.00152.89N/AN/A0039
2012-04-18$368.00$0.00167.0%47.9%14.6%81.6%0.0%19.8%-153.7%948-46.8K-3560.00154.06N/AN/A0049
2012-04-19$369.60$0.00170.5%48.9%14.6%83.5%0.0%22.3%-154.0%953-48.0K-3550.00154.21N/AN/A0049
2012-04-20$368.96$0.00173.1%49.6%14.4%85.0%0.0%22.1%-159.7%969-47.3K-3530.00154.88N/AN/A1049
2012-04-23$373.76$0.00185.0%53.0%14.8%91.8%0.0%-5.5%-31.3%1.4K-67.6K-4170.00153.96N/AN/A0043
2012-04-24$377.60$0.00190.4%54.6%15.1%95.0%0.0%-2.7%-31.8%1.5K-70.5K-4160.00154.53N/AN/A0043
2012-04-25$386.56$0.00198.5%56.9%16.9%99.6%0.0%4.8%-29.9%1.7K-84.3K-4410.00153.30N/AN/A0053
2012-04-26$347.84$0.00171.6%0.0%41.5%84.2%0.0%-85.0%115.7%1.4K-50.0K-4060.00149.21N/AN/A0053
2012-04-27$320.96$0.0028.8%8.3%49.6%2.4%0.0%-125.7%0.0%662-47.9K-4220.00154.97N/AN/A0053
2012-04-30$319.04$0.0082.1%23.5%49.6%32.9%82.1%-131.5%0.0%628-47.5K-4190.00156.50N/AN/A0153