DAVE Options History — March 2022

In March 2022, DAVE traded between $129.28 and $336.96. ATM implied volatility averaged 131.6%, placing in the 51.9% IV rank vs the trailing year. The 30-day expected move averaged 36.0%. IV traded below realized volatility by 57.1% (HV 20d: 188.8%). Max pain ranged from $160.00 to $320.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.72.

Notable Days

2022-03-29: Highest Volume — 214 contracts
2022-03-07: Largest IV spike — 33.7% change
2022-03-07: Highest IV Rank — 66.8%
2022-03-07: Largest Expected Move — 48.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$216.06	$129.28	$336.96	$137.60	$230.72
Max Pain	$215.65	$160.00	$320.00	$320.00	$160.00
ATM IV	131.6%	89.9%	168.2%	158.7%	110.3%
Expected Move	36.0%	23.3%	48.2%	45.5%	32.1%
HV 20d	188.8%	116.5%	315.9%	310.7%	186.8%
HV 60d	204.4%	190.4%	221.7%	190.6%	221.7%
IV Rank	51.9%	34.9%	66.8%	62.9%	43.2%
IV Percentile	83.4%	65.5%	95.6%	94.0%	74.2%
Term Structure	-5.8%	-41.1%	57.2%	-24.9%	-1.7%
VWIV	136.8%	99.4%	246.3%	160.8%	119.9%
Skew 25d	20.0%	-61.1%	67.4%	6.8%	17.0%
Skew 10d	19.8%	-66.8%	93.0%	2.8%	14.3%
Call IV 25d	144.9%	87.0%	285.8%	172.6%	121.6%
Put IV 25d	164.9%	114.0%	261.1%	179.4%	138.5%
Bid-Ask Spread %	58.63	28.44	78.15	67.74	41.85
Gamma HHI	0.34	0.27	0.43	0.29	0.36
Net GEX	53.7K	15.0K	115.3K	15.0K	58.6K
Net DEX	-2.6M	-10.5M	267.8K	89.6K	-1.8M
Net VEX	-10.1K	-13.9K	-5.1K	-6.1K	-12.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.21	1.63	0.69	0.73
Total Volume	67.043	20	214	20	31
Total OI	646.696	539	750	650	698

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-03-01	$137.60	$320.00	158.7%	45.5%	310.7%	62.9%	160.8%	6.8%	-24.9%	15.0K	89.6K	-6.1K	0.69	67.74	N/A	N/A	12	8	520	130
2022-03-02	$136.00	$320.00	127.5%	36.6%	311.7%	50.2%	156.0%	-61.1%	-19.0%	20.3K	222.0K	-5.7K	1.23	28.44	N/A	N/A	14	17	527	130
2022-03-03	$148.48	$320.00	137.2%	39.3%	315.9%	54.2%	154.0%	33.7%	-5.3%	21.8K	-189.0K	-7.1K	1.56	60.30	N/A	N/A	9	15	528	133
2022-03-04	$143.04	$320.00	125.8%	36.1%	315.2%	49.5%	128.3%	65.5%	-4.9%	19.8K	-114.0K	-6.7K	1.63	70.42	N/A	N/A	9	14	529	135
2022-03-07	$129.28	$320.00	168.2%	48.2%	173.6%	66.8%	246.3%	53.5%	-11.0%	18.2K	267.8K	-5.1K	1.52	68.00	N/A	N/A	10	15	530	135
2022-03-08	$136.00	$320.00	135.5%	44.8%	177.2%	53.4%	167.3%	36.7%	-13.8%	17.5K	-1.3K	-5.9K	0.21	76.45	N/A	N/A	46	10	529	135
2022-03-09	$165.76	$320.00	126.5%	44.4%	195.0%	49.8%	155.3%	34.3%	-0.0%	26.9K	-724.0K	-8.1K	1.43	63.13	N/A	N/A	12	17	535	135
2022-03-10	$175.04	$240.00	137.9%	45.1%	196.6%	54.4%	154.2%	28.9%	-0.2%	34.1K	-1.1M	-9.0K	0.57	69.22	N/A	N/A	21	12	537	140
2022-03-11	$182.08	$240.00	130.9%	35.2%	198.3%	51.6%	195.0%	-24.7%	-12.2%	40.4K	-1.5M	-8.8K	0.64	70.29	N/A	N/A	19	12	546	140
2022-03-14	$202.24	$160.00	136.3%	35.8%	202.1%	53.8%	122.0%	9.9%	-12.6%	51.1K	-2.2M	-9.7K	0.80	62.57	N/A	N/A	53	42	555	142
2022-03-15	$213.44	$160.00	130.0%	33.1%	116.5%	51.2%	117.7%	16.7%	1.3%	67.3K	-2.7M	-10.8K	0.23	74.18	N/A	N/A	49	11	562	166
2022-03-16	$237.76	$160.00	159.8%	41.3%	121.9%	63.4%	119.2%	44.8%	-41.1%	66.6K	-4.4M	-13.1K	0.60	78.15	N/A	N/A	19	12	581	169
2022-03-17	$256.00	$160.00	139.8%	36.4%	121.8%	55.2%	116.0%	20.9%	-20.3%	70.0K	-5.3M	-12.8K	0.41	52.16	N/A	N/A	45	19	554	172
2022-03-18	$323.52	$160.00	146.0%	35.2%	138.4%	57.8%	125.2%	-6.3%	-8.8%	97.9K	-9.8M	-11.3K	0.36	58.44	N/A	N/A	115	41	557	182
2022-03-21	$336.96	$160.00	145.5%	35.0%	135.2%	57.5%	116.4%	27.0%	-6.7%	115.3K	-10.5M	-13.4K	0.22	53.39	N/A	N/A	171	37	448	91
2022-03-22	$309.44	$160.00	116.0%	27.4%	141.5%	45.5%	104.5%	15.5%	-9.9%	112.6K	-5.8M	-13.7K	0.54	54.20	N/A	N/A	108	58	418	121
2022-03-23	$279.36	$160.00	89.9%	23.3%	147.5%	34.9%	104.2%	-10.7%	-7.0%	79.2K	-3.7M	-13.3K	0.74	54.66	N/A	N/A	26	19	410	139
2022-03-24	$269.76	$160.00	96.8%	28.3%	147.4%	37.7%	99.4%	67.4%	57.2%	73.1K	-2.9M	-12.6K	0.46	56.97	N/A	N/A	15	7	404	141
2022-03-25	$235.20	$160.00	126.0%	32.6%	158.8%	49.6%	127.5%	29.9%	-6.4%	39.4K	-1.4M	-11.0K	0.81	57.87	N/A	N/A	34	28	403	143
2022-03-28	$207.68	$160.00	132.2%	29.6%	163.3%	52.1%	117.0%	-7.5%	-14.6%	22.9K	-521.1K	-9.2K	0.40	42.72	N/A	N/A	35	14	419	144
2022-03-29	$267.20	$160.00	131.5%	31.8%	181.3%	51.8%	123.0%	44.6%	23.2%	80.5K	-3.3M	-13.1K	0.27	41.48	N/A	N/A	168	46	422	143
2022-03-30	$246.72	$160.00	119.6%	30.5%	185.1%	47.0%	118.4%	17.4%	4.7%	86.0K	-2.9M	-13.9K	0.43	45.83	N/A	N/A	47	20	539	157
2022-03-31	$230.72	$160.00	110.3%	32.1%	186.8%	43.2%	119.9%	17.0%	-1.7%	58.6K	-1.8M	-12.6K	0.73	41.85	N/A	N/A	18	13	534	164