DAVE Options History — May 2013

In May 2013, DAVE traded between $364.80 and $385.28. ATM implied volatility averaged 40.0%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 15.3% (HV 20d: 24.7%). Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 9 of 22 days.

Notable Days

  • 2013-05-03: Largest IV spike — 202.3% change
  • 2013-05-03: Highest IV Rank — 40.6%
  • 2013-05-03: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$376.86$364.80$385.28$364.80$384.32
ATM IV40.0%28.1%88.9%32.0%33.2%
Expected Move9.9%7.9%25.5%9.2%9.5%
HV 20d24.7%13.8%28.8%28.8%13.8%
HV 60d24.3%22.0%27.7%27.7%22.0%
IV Rank14.2%7.8%40.6%10.0%10.6%
IV Percentile29.9%4.8%64.3%14.3%21.0%
Term Structure-1.2%-13.7%10.3%-13.7%-0.5%
Skew 25d10.8%3.6%20.8%12.3%19.3%
Skew 10d1.3%-3.4%10.2%5.7%6.1%
Call IV 25d25.9%18.7%43.3%18.7%25.5%
Put IV 25d36.6%28.3%64.1%30.9%44.8%
Bid-Ask Spread %152.84131.22200.00154.22152.05
Gamma HHI0.500.410.880.450.54
Net GEX1.1K-8552.0K5011.7K
Net DEX-59.9K-74.6K-34.9K-44.5K-71.7K
Net VEX-227-306-118-274-182
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI8.9558999

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$364.80$0.0032.0%9.2%28.8%10.0%0.0%12.3%-13.7%501-44.5K-2740.00154.22N/AN/A0045
2013-05-02$371.52$0.0029.4%8.4%28.8%8.5%0.0%5.5%-8.2%831-53.5K-2770.00155.57N/AN/A0045
2013-05-03$372.16$0.0088.9%25.5%27.9%40.6%0.0%20.8%-13.6%788-51.4K-3060.00152.18N/AN/A0045
2013-05-06$371.84$0.0033.7%8.8%27.6%10.9%0.0%5.3%0.4%856-53.4K-2720.00151.89N/AN/A0045
2013-05-07$374.40$0.0033.5%8.1%26.7%10.7%0.0%3.6%-1.2%1.0K-57.0K-2560.00156.52N/AN/A0045
2013-05-08$369.92$0.0038.3%8.7%27.0%13.3%0.0%9.0%-0.3%781-51.3K-2600.00145.92N/AN/A0045
2013-05-09$368.00$0.0041.7%9.4%27.1%15.2%0.0%10.4%1.3%634-49.2K-2770.00152.58N/AN/A0045
2013-05-10$374.40$0.0058.3%7.9%27.4%24.1%0.0%8.3%7.0%1.1K-58.1K-2490.00141.60N/AN/A0045
2013-05-13$373.44$0.0050.6%9.3%27.1%20.0%0.0%13.5%9.1%894-56.4K-2210.00150.10N/AN/A0045
2013-05-14$378.56$0.0050.9%8.0%27.3%20.1%0.0%7.2%0.0%1.3K-64.1K-2210.00155.34N/AN/A0045
2013-05-15$381.44$0.0054.9%8.2%26.8%22.3%0.0%8.8%0.1%1.1K-63.4K-2840.00148.25N/AN/A0045
2013-05-16$377.60$0.0034.4%9.9%27.3%11.2%0.0%8.9%-0.3%1.1K-61.2K-2520.00156.69N/AN/A0045
2013-05-17$377.28$0.0031.9%9.1%27.1%9.9%0.0%0.0%-9.4%-855-34.9K-1180.00200.00N/AN/A0035
2013-05-20$381.76$0.0034.9%10.0%26.3%11.5%0.0%11.7%-0.6%1.4K-66.0K-2240.00156.46N/AN/A0045
2013-05-21$383.36$0.0032.8%9.4%26.3%10.4%0.0%13.5%2.6%1.5K-68.5K-2080.00156.00N/AN/A0045
2013-05-22$379.52$0.0034.9%10.0%25.2%11.5%0.0%12.3%0.8%1.3K-64.8K-2160.00156.74N/AN/A0045
2013-05-23$379.52$0.0028.1%8.1%25.1%7.8%0.0%8.5%-1.3%1.3K-65.1K-2090.00132.13N/AN/A0045
2013-05-24$380.48$0.0034.6%9.9%18.4%11.4%0.0%7.4%-4.9%2.0K-74.6K-1610.00131.22N/AN/A0045
2013-05-28$379.52$0.0031.8%9.1%18.4%9.8%0.0%11.7%-0.4%1.4K-65.4K-1900.00151.06N/AN/A0045
2013-05-29$385.28$0.0036.1%10.3%17.5%12.1%0.0%11.8%-4.2%1.8K-71.7K-1840.00151.37N/AN/A0045
2013-05-30$381.76$0.0034.4%9.9%14.9%11.2%0.0%16.2%10.3%933-71.0K-1610.00154.67N/AN/A0045
2013-05-31$384.32$0.0033.2%9.5%13.8%10.6%0.0%19.3%-0.5%1.7K-71.7K-1820.00152.05N/AN/A0045