DAVE Options History — March 2024

In March 2024, DAVE traded between $34.67 and $40.80. ATM implied volatility averaged 87.9%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 25.2%. IV traded below realized volatility by 496.2% (HV 20d: 584.2%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 5 of 7 trading days. Term structure was in contango for 6 of 7 days. Put/call ratio averaged 0.39.

Notable Days

2024-03-26: Highest Volume — 517 contracts
2024-03-25: Largest IV drop — 9.8% change
2024-03-22: Highest IV Rank — 6.9%
2024-03-22: Largest Expected Move — 28.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.41	$34.67	$40.80	$34.67	$36.27
Max Pain	$38.75	$35.00	$40.00	$35.00	$40.00
ATM IV	87.9%	80.9%	98.8%	91.1%	81.6%
Expected Move	25.2%	23.2%	28.3%	26.1%	23.4%
HV 20d	584.2%	582.9%	588.1%	584.0%	588.1%
HV 60d	342.1%	341.9%	343.1%	341.9%	343.1%
IV Rank	4.3%	2.7%	6.9%	5.1%	2.8%
IV Percentile	1.4%	0.4%	2.8%	1.6%	0.8%
Term Structure	10.7%	-9.3%	39.1%	4.6%	39.1%
VWIV	93.9%	77.8%	101.8%	94.1%	101.8%
Skew 25d	6.2%	2.8%	8.4%	6.5%	2.8%
Skew 10d	31.0%	15.3%	54.1%	15.3%	29.7%
Call IV 25d	104.7%	97.5%	116.2%	97.5%	116.2%
Put IV 25d	110.8%	104.1%	119.0%	104.1%	119.0%
Bid-Ask Spread %	111.11	104.92	134.38	134.38	107.71
Gamma HHI	0.53	0.33	0.76	0.37	0.76
Net GEX	10.7K	0	34.4K	0	26.3K
Net DEX	-498.8K	-1.5M	0	0	-1.2M
Net VEX	-1.5K	-4.3K	0	0	-4.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.00	1.00	0.33	0.00
Total Volume	117.143	0	517	0	5
Total OI	268.571	0	733	0	733

Daily Data (7 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
2024-03-20	$34.67	$0.00	91.1%	26.1%	584.0%	5.1%	0.0%	0.0%	4.6%	0	0	0	0.00	134.38	N/A	N/A	0	0	0	0
2024-03-21	$37.16	$0.00	91.7%	26.3%	583.2%	5.2%	0.0%	6.5%	10.9%	0	0	0	0.33	109.77	N/A	N/A	12	4	0	0
2024-03-22	$39.94	$0.00	98.8%	28.3%	583.0%	6.9%	94.1%	8.4%	-9.3%	301	-22.9K	-131	0.03	104.92	N/A	N/A	225	6	12	4
2024-03-25	$40.27	$35.00	89.2%	25.6%	582.9%	4.6%	101.7%	6.5%	9.9%	7.2K	-353.3K	-1.1K	0.96	105.88	N/A	N/A	24	23	175	5
2024-03-26	$40.80	$40.00	80.9%	23.2%	583.5%	2.7%	77.8%	5.5%	10.3%	7.0K	-366.0K	-1.3K	0.00	108.61	N/A	N/A	517	0	194	25
2024-03-27	$39.79	$40.00	82.2%	23.6%	584.6%	3.0%	101.8%	7.3%	9.8%	34.4K	-1.5M	-4.3K	1.00	106.49	N/A	N/A	2	2	707	25
2024-03-28	$36.27	$40.00	81.6%	23.4%	588.1%	2.8%	0.0%	2.8%	39.1%	26.3K	-1.2M	-4.0K	0.00	107.71	N/A	N/A	5	0	706	27