DAVE Options History — May 2024

In May 2024, DAVE traded between $42.67 and $52.74. ATM implied volatility averaged 96.8%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 26.1%. IV traded above realized volatility by 9.4% (HV 20d: 87.5%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.14.

Notable Days

  • 2024-05-07: Highest Volume — 450 contracts
  • 2024-05-15: Largest IV drop — 35.5% change
  • 2024-05-06: Highest IV Rank — 16.1%
  • 2024-05-03: Largest Expected Move — 33.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.99$42.67$52.74$44.87$44.67
Max Pain$39.55$35.00$40.00$35.00$40.00
ATM IV96.8%80.8%131.9%107.7%92.3%
Expected Move26.1%23.2%33.9%30.9%26.5%
HV 20d87.5%66.3%97.8%87.2%71.7%
HV 60d344.8%343.9%345.8%344.7%345.8%
IV Rank7.1%2.9%16.1%9.9%5.9%
IV Percentile8.9%0.4%22.3%13.9%10.0%
Term Structure-4.3%-33.4%8.2%-16.2%-5.7%
VWIV90.2%59.5%136.4%105.5%91.0%
Skew 25d6.2%-32.5%43.2%22.1%-2.2%
Skew 10d18.3%-39.1%54.7%54.7%17.2%
Call IV 25d91.4%65.1%137.4%102.9%95.8%
Put IV 25d97.6%71.3%142.9%125.0%93.6%
Bid-Ask Spread %97.8181.25109.24100.85108.93
Gamma HHI0.410.250.480.480.46
Net GEX99.8K73.7K144.5K90.5K83.3K
Net DEX-5.3M-8.5M-2.5M-4.9M-3.0M
Net VEX-7.5K-9.3K-6.2K-9.3K-6.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.036.330.130.03
Total Volume91.227645018353
Total OI1,854.7271,3752,4171,7981,483

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$44.87$35.00107.7%30.9%87.2%9.9%105.5%22.1%-16.2%90.5K-4.9M-9.3K0.13100.85N/AN/A1621,73068
2024-05-02$43.48$35.00111.4%31.9%88.4%10.8%136.4%8.5%-26.8%88.3K-4.6M-9.0K6.33101.71N/AN/A3191,72770
2024-05-03$44.67$40.00118.1%33.9%88.6%12.6%125.1%5.5%-33.4%92.3K-4.8M-9.0K0.21107.07N/AN/A2451,73087
2024-05-06$46.33$40.00131.9%27.0%89.1%16.1%92.1%10.1%-13.0%88.6K-5.4M-8.9K0.1494.33N/AN/A218301,75291
2024-05-07$52.74$40.00104.3%25.3%95.4%9.0%91.8%-3.0%0.0%95.4K-8.3M-8.2K0.6281.25N/AN/A2771731,964110
2024-05-08$51.15$40.0088.4%25.3%96.9%4.9%91.7%6.5%3.0%111.8K-8.0M-8.6K0.2785.47N/AN/A100272,091178
2024-05-09$52.27$40.0082.0%25.5%96.9%3.2%87.5%12.2%-3.1%120.5K-8.5M-8.6K0.2887.47N/AN/A1852,180182
2024-05-10$49.63$40.00106.4%26.2%97.1%9.5%88.6%-6.7%-2.4%125.5K-7.5M-8.6K0.5985.79N/AN/A41242,188192
2024-05-13$49.05$40.00121.2%25.9%97.6%13.4%87.4%17.3%-11.0%144.5K-7.2M-8.0K0.1193.62N/AN/A152162,216201
2024-05-14$49.05$40.00127.4%25.6%97.8%15.0%78.3%-32.4%-0.1%125.9K-7.1M-7.7K0.3995.89N/AN/A28112,088201
2024-05-15$49.45$40.0082.2%23.6%95.2%3.3%87.2%5.2%7.1%122.1K-7.4M-6.9K0.0593.84N/AN/A1912,075203
2024-05-16$49.90$40.0081.7%23.4%95.1%3.1%87.0%19.9%-0.2%118.7K-7.5M-6.8K0.0496.73N/AN/A4922,085203
2024-05-17$49.70$40.0085.4%24.5%94.0%4.1%88.1%3.9%-1.8%139.4K-7.7M-6.3K0.1197.36N/AN/A205222,087205
2024-05-20$46.49$40.0087.6%25.1%95.5%4.7%79.2%-6.5%-11.4%78.9K-3.6M-6.8K0.2990.06N/AN/A45131,246129
2024-05-21$45.94$40.0085.5%24.5%81.8%4.1%84.8%11.8%-5.2%76.1K-3.2M-7.2K1.6096.08N/AN/A581,268137
2024-05-22$43.90$40.0081.6%23.4%83.6%3.1%83.2%-3.3%4.3%79.8K-2.8M-7.0K0.78104.24N/AN/A971,273141
2024-05-23$43.86$40.0080.9%23.2%82.8%2.9%72.5%27.3%8.2%83.1K-2.7M-6.8K2.29103.51N/AN/A7161,273148
2024-05-24$42.80$40.0080.8%23.2%81.2%2.9%81.8%-2.0%5.3%84.1K-2.6M-6.7K0.50106.25N/AN/A421,278164
2024-05-28$42.67$40.0088.7%25.4%72.2%5.0%95.3%-32.5%8.2%79.5K-2.5M-6.2K2.75107.52N/AN/A4111,277167
2024-05-29$44.15$40.0095.3%27.3%66.3%6.6%59.5%43.2%-1.1%73.7K-2.8M-6.4K5.00104.67N/AN/A3151,274175
2024-05-30$47.12$40.0089.6%25.7%69.9%5.2%0.0%32.2%-0.2%93.2K-3.4M-6.2K2.60109.24N/AN/A5131,277190
2024-05-31$44.67$40.0092.3%26.5%71.7%5.9%91.0%-2.2%-5.7%83.3K-3.0M-6.3K0.03108.93N/AN/A343101,280203