DAVE Options History — January 2023

In January 2023, DAVE traded between $7.81 and $9.60. ATM implied volatility averaged 274.2%, placing in the 52.3% IV rank vs the trailing year. The 30-day expected move averaged 118.5%. IV traded above realized volatility by 192.7% (HV 20d: 81.5%). Max pain ranged from $2.50 to $80.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-01-24: Highest Volume — 51 contracts
  • 2023-01-11: Largest IV spike — 275.5% change
  • 2023-01-06: Highest IV Rank — 91.8%
  • 2023-01-06: Largest Expected Move — 130.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.90$7.81$9.60$9.28$9.12
Max Pain$14.74$2.50$80.00$80.00$2.50
ATM IV274.2%69.5%456.1%234.9%131.9%
Expected Move118.5%68.9%130.8%68.9%128.7%
HV 20d81.5%73.2%90.0%77.4%76.2%
HV 60d98.8%93.3%100.8%98.7%93.3%
IV Rank52.3%8.4%91.8%44.0%20.8%
IV Percentile62.4%6.0%99.2%68.3%23.0%
Term Structure-104.6%-104.6%-104.6%-104.6%-104.6%
Bid-Ask Spread %68.1321.32113.32113.32108.20
Gamma HHI0.990.970.990.970.99
Net GEX1.0K02.9K0599
Net DEX-3.9M-5.3M4.6K3.0K-5.0M
Net VEX-67-1800-6-41
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.002.750.000.00
Total Volume5.0505100
Total OI4,573.4505,7251755,630

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$9.28$80.00234.9%0.0%77.4%44.0%0.0%0.0%0.0%03.0K-60.00113.32N/AN/A001723
2023-01-04$9.60$80.00233.2%0.0%75.7%43.7%0.0%0.0%0.0%03.1K-62.75112.52N/AN/A121723
2023-01-05$9.28$80.00240.3%68.9%76.0%45.2%0.0%0.0%-104.6%04.6K-60.0056.23N/AN/A011735
2023-01-06$8.45$0.00456.1%130.8%81.2%91.8%0.0%0.0%0.0%0000.0021.32N/AN/A11000
2023-01-09$7.88$2.5069.5%121.7%83.4%8.4%0.0%0.0%0.0%2.7K-4.3M-1800.0046.61N/AN/A3005,537188
2023-01-10$7.92$2.50115.8%123.4%83.6%18.4%0.0%0.0%0.0%2.7K-4.3M-1720.0046.61N/AN/A005,527188
2023-01-11$7.81$2.50434.9%124.7%82.1%87.2%0.0%0.0%0.0%2.9K-4.3M-1770.0046.61N/AN/A005,527188
2023-01-12$8.12$2.50395.1%113.3%78.5%78.6%0.0%0.0%0.0%2.7K-4.5M-1510.0068.03N/AN/A005,527188
2023-01-13$8.96$2.50409.6%117.4%87.1%81.7%0.0%0.0%0.0%1.1K-4.9M-750.0068.03N/AN/A105,527188
2023-01-17$9.60$2.50430.4%123.4%90.0%86.2%0.0%0.0%0.0%377-5.3M-380.0044.26N/AN/A405,526188
2023-01-18$9.57$2.50437.1%125.3%89.0%87.7%0.0%0.0%0.0%376-5.3M-380.0044.26N/AN/A005,522188
2023-01-19$9.26$2.50441.0%126.4%88.8%88.5%0.0%0.0%0.0%596-5.1M-470.0044.26N/AN/A005,522188
2023-01-20$9.27$2.50448.9%128.7%87.4%90.2%0.0%0.0%0.0%563-5.1M-450.0044.26N/AN/A005,522188
2023-01-23$8.95$2.50228.3%0.0%87.7%42.6%0.0%0.0%0.0%1.1K-4.9M-680.0037.22N/AN/A005,493188
2023-01-24$8.80$2.50131.1%0.0%86.7%21.7%0.0%0.0%0.0%1.3K-4.8M-750.0077.92N/AN/A5105,493188
2023-01-25$8.91$2.50130.7%0.0%77.3%21.6%0.0%0.0%0.0%1.1K-4.8M-660.0085.25N/AN/A005,442188
2023-01-26$9.12$2.50252.5%0.0%73.2%47.1%0.0%0.0%0.0%797-5.0M-520.00104.26N/AN/A005,442188
2023-01-27$9.26$2.50127.7%0.0%73.3%19.8%0.0%0.0%0.0%603-5.0M-420.00108.20N/AN/A005,442188
2023-01-30$8.84$2.50134.2%0.0%75.4%21.3%0.0%0.0%0.0%1.1K-4.8M-570.0085.25N/AN/A005,442188
2023-01-31$9.12$2.50131.9%0.0%76.2%20.8%0.0%0.0%0.0%599-5.0M-410.00108.20N/AN/A005,442188