DAVE Options History — May 2023

In May 2023, DAVE traded between $4.60 and $5.66. ATM implied volatility averaged 220.3%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 63.2%. IV traded above realized volatility by 171.9% (HV 20d: 48.4%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-05-16: Highest Volume — 12 contracts
  • 2023-05-02: Largest IV spike — 84.8% change
  • 2023-05-04: Highest IV Rank — 72.5%
  • 2023-05-04: Largest Expected Move — 108.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.05$4.60$5.66$5.61$5.45
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV220.3%154.0%377.6%154.0%159.6%
Expected Move63.2%44.1%108.3%44.1%45.8%
HV 20d48.4%42.3%57.7%45.5%57.1%
HV 60d48.6%45.1%52.6%45.1%51.5%
IV Rank35.5%19.9%72.5%19.9%21.2%
IV Percentile40.0%9.1%92.9%15.1%11.5%
Term Structure-171.0%-253.4%-78.5%-78.5%-253.4%
VWIV145.0%145.0%145.0%145.0%145.0%
Bid-Ask Spread %125.04115.32141.63116.79128.07
Gamma HHI0.890.551.000.611.00
Net GEX165257716120
Net DEX-364.6K-614.3K-2.8K-608.7K-3.4K
Net VEX-3-100-7-1
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.54501200
Total OI755.773161,1011,10116

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$5.61$2.50154.0%44.1%45.5%19.9%0.0%0.0%-78.5%161-608.7K-70.00116.79N/AN/A001,1010
2023-05-02$5.66$2.50284.5%81.6%45.3%50.6%0.0%0.0%-145.0%150-614.3K-70.00122.95N/AN/A001,1010
2023-05-03$5.53$2.50213.8%61.3%45.6%34.0%0.0%0.0%-114.6%196-599.9K-70.00119.57N/AN/A001,1010
2023-05-04$5.13$2.50377.6%108.3%47.0%72.5%0.0%0.0%-143.6%513-553.7K-100.00124.53N/AN/A001,1010
2023-05-05$5.12$2.50269.3%77.2%44.2%47.0%0.0%0.0%-152.7%577-552.7K-90.00124.53N/AN/A001,1010
2023-05-08$5.21$2.50293.4%84.1%44.6%52.7%0.0%0.0%-178.9%520-563.6K-70.00123.85N/AN/A001,1010
2023-05-09$4.82$2.50294.1%84.3%50.8%52.9%0.0%0.0%-188.5%567-516.4K-60.00116.79N/AN/A001,1010
2023-05-10$4.69$2.50326.3%93.5%51.2%60.4%0.0%0.0%-214.9%300-501.2K-30.00116.79N/AN/A001,1010
2023-05-11$4.63$2.50354.3%101.6%42.3%67.0%0.0%0.0%-239.8%173-494.4K-30.00115.32N/AN/A001,1010
2023-05-12$4.73$2.50364.2%104.4%44.2%69.4%0.0%0.0%-253.4%351-505.5K-30.00115.32N/AN/A001,1010
2023-05-15$4.69$2.50158.9%45.6%44.2%21.0%0.0%0.0%0.0%8-500.4K-10.00141.63N/AN/A001,1010
2023-05-16$4.65$2.50160.0%45.9%43.5%21.3%145.0%0.0%0.0%3-496.2K-10.00134.55N/AN/A1201,1010
2023-05-17$4.71$2.50157.4%45.1%43.1%20.7%0.0%0.0%0.0%3-502.6K-10.00128.07N/AN/A001,1010
2023-05-18$4.67$2.50158.8%45.5%43.0%21.0%0.0%0.0%0.0%2-498.3K-10.00128.07N/AN/A001,1010
2023-05-19$4.60$2.50160.5%46.0%42.9%21.4%0.0%0.0%0.0%2-490.8K-10.00128.07N/AN/A001,1010
2023-05-22$4.70$2.50167.1%47.9%43.7%23.0%0.0%0.0%0.0%2-2.8K00.00126.87N/AN/A00160
2023-05-23$5.17$2.50162.1%46.5%57.1%21.8%0.0%0.0%0.0%12-3.2K-10.00126.87N/AN/A00160
2023-05-24$5.22$2.50157.3%45.1%57.2%20.7%0.0%0.0%0.0%13-3.2K-10.00128.07N/AN/A00160
2023-05-25$5.31$2.50157.1%45.0%57.7%20.6%0.0%0.0%0.0%16-3.3K-10.00128.07N/AN/A00160
2023-05-26$5.35$2.50157.5%45.2%57.0%20.7%0.0%0.0%0.0%17-3.3K-10.00128.07N/AN/A00160
2023-05-30$5.40$2.50159.3%45.7%57.1%21.1%0.0%0.0%0.0%18-3.4K-10.00128.07N/AN/A00160
2023-05-31$5.45$2.50159.6%45.8%57.1%21.2%0.0%0.0%0.0%20-3.4K-10.00128.07N/AN/A00160