DAVE Options History — January 2025

In January 2025, DAVE traded between $81.72 and $96.22. ATM implied volatility averaged 80.9%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 22.7%. IV traded below realized volatility by 2.6% (HV 20d: 83.5%). Max pain ranged from $50.00 to $80.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2025-01-21: Highest Volume — 1,817 contracts
  • 2025-01-15: Largest IV drop — 23.0% change
  • 2025-01-13: Highest IV Rank — 20.8%
  • 2025-01-07: Largest Expected Move — 24.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.26$81.72$96.22$85.44$95.78
Max Pain$73.75$50.00$80.00$50.00$80.00
ATM IV80.9%70.6%103.8%85.8%75.7%
Expected Move22.7%20.2%24.7%24.6%21.7%
HV 20d83.5%57.9%103.0%99.5%57.9%
HV 60d121.8%120.2%124.1%123.6%120.6%
IV Rank12.7%9.0%20.8%14.4%10.8%
IV Percentile23.2%10.0%61.4%29.5%15.5%
Term Structure22.9%0.0%35.4%4.3%31.0%
VWIV80.1%72.0%90.3%90.3%75.8%
Skew 25d2.4%-3.3%7.6%1.5%-3.3%
Skew 10d7.3%-24.1%44.6%4.8%24.7%
Call IV 25d80.2%66.3%94.1%94.1%79.3%
Put IV 25d82.6%71.2%95.6%95.6%75.9%
Bid-Ask Spread %64.7544.8977.1676.8269.65
Gamma HHI0.240.160.330.160.31
Net GEX496.1K230.6K694.0K439.5K686.1K
Net DEX-27.5M-38.9M-19.6M-22.3M-38.8M
Net VEX-65.8K-83.9K-52.7K-57.0K-83.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.022.690.730.46
Total Volume409.951151,817126480
Total OI6,784.34,1407,7566,5157,374

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$85.44$50.0085.8%24.6%99.5%14.4%90.3%1.5%4.3%439.5K-22.3M-57.0K0.7376.82N/AN/A73535,576939
2025-01-03$90.04$50.0082.8%23.7%100.7%13.4%86.7%5.3%0.0%519.8K-26.5M-59.7K0.7077.16N/AN/A130915,581951
2025-01-06$91.38$75.0088.2%23.9%100.7%15.3%83.0%2.0%16.2%567.3K-27.7M-58.2K0.0849.12N/AN/A299245,588988
2025-01-07$84.77$75.0080.8%24.7%103.0%12.6%85.2%-1.3%11.2%450.4K-21.2M-52.7K0.1261.22N/AN/A408475,658995
2025-01-08$85.06$75.0078.9%24.0%98.1%12.0%85.1%1.7%14.1%465.3K-21.8M-55.3K0.4944.89N/AN/A107525,916997
2025-01-10$84.87$75.0086.8%24.6%98.1%14.8%87.3%3.8%21.3%451.3K-21.7M-53.8K0.2846.19N/AN/A5261475,922989
2025-01-13$82.32$75.00103.8%24.3%96.4%20.8%82.7%5.9%20.0%339.5K-20.4M-55.8K0.6658.64N/AN/A116766,2831,091
2025-01-14$81.72$75.00102.4%23.9%95.7%20.3%87.4%4.5%18.1%318.4K-19.6M-54.7K0.6958.24N/AN/A77536,2751,110
2025-01-15$86.08$75.0078.9%22.6%94.6%12.0%79.5%2.5%21.5%496.4K-23.7M-55.5K0.2462.22N/AN/A364876,2871,108
2025-01-16$89.38$75.0078.3%22.5%86.4%11.8%79.0%4.5%19.0%694.0K-28.3M-57.3K0.1367.25N/AN/A513676,5631,117
2025-01-17$88.23$75.0073.4%21.1%86.1%10.0%73.5%2.3%29.3%230.6K-26.2M-55.1K0.1765.27N/AN/A479826,6471,109
2025-01-21$90.22$75.0076.2%21.9%69.5%11.0%79.0%-0.3%30.1%248.2K-19.7M-55.3K0.0263.78N/AN/A1,780373,553587
2025-01-22$94.92$75.0075.6%21.7%70.1%10.8%74.2%3.5%34.3%431.7K-31.6M-73.2K0.1569.29N/AN/A317495,069614
2025-01-23$93.24$75.0070.6%20.2%70.6%9.0%72.0%7.6%35.4%550.3K-32.4M-77.7K0.1073.88N/AN/A504485,588638
2025-01-24$89.57$75.0071.2%20.4%71.5%9.2%72.1%0.0%30.0%582.9K-30.1M-83.7K0.7168.43N/AN/A76546,074659
2025-01-27$87.03$80.0075.7%21.7%66.3%10.8%76.7%1.4%32.2%563.3K-27.4M-80.7K1.6771.87N/AN/A43726,089686
2025-01-28$93.52$80.0074.6%21.4%68.9%10.4%74.3%4.4%33.7%613.3K-34.0M-82.5K0.0873.37N/AN/A247206,097747
2025-01-29$95.50$80.0083.3%23.9%68.1%13.5%83.2%1.8%24.2%631.5K-37.5M-82.3K2.6969.82N/AN/A952566,263749
2025-01-30$96.22$80.0075.0%21.5%67.7%10.6%74.6%0.2%31.4%642.9K-38.9M-81.7K0.1467.89N/AN/A219316,278931
2025-01-31$95.78$80.0075.7%21.7%57.9%10.8%75.8%-3.3%31.0%686.1K-38.8M-83.9K0.4669.65N/AN/A3291516,433941