DAVE Options History — March 2025

In March 2025, DAVE traded between $80.72 and $97.10. ATM implied volatility averaged 90.0%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 29.1%. IV traded above realized volatility by 14.6% (HV 20d: 75.4%). Max pain ranged from $70.00 to $95.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2025-03-04: Highest Volume — 10,294 contracts
  • 2025-03-04: Largest IV drop — 43.2% change
  • 2025-03-03: Highest IV Rank — 43.0%
  • 2025-03-03: Largest Expected Move — 47.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.39$80.72$97.10$92.58$82.28
Max Pain$80.24$70.00$95.00$95.00$75.00
ATM IV90.0%75.3%166.4%166.4%80.1%
Expected Move29.1%24.3%47.7%47.7%29.2%
HV 20d75.4%69.0%81.1%81.1%69.0%
HV 60d76.1%69.1%82.0%80.6%69.1%
IV Rank17.1%12.1%43.0%43.0%16.5%
IV Percentile40.2%15.9%97.2%97.2%26.6%
Term Structure13.0%-40.4%22.8%-40.4%22.8%
VWIV102.6%79.5%161.9%161.9%103.9%
Skew 25d-1.0%-4.7%5.1%-0.8%-2.3%
Skew 10d3.3%-16.3%44.8%-1.6%-10.3%
Call IV 25d93.0%78.7%164.9%164.9%83.9%
Put IV 25d92.0%76.1%164.1%164.1%81.5%
Bid-Ask Spread %44.8216.5285.4036.6320.95
Gamma HHI0.170.110.320.190.19
Net GEX576.6K182.7K1.4M972.0K182.7K
Net DEX-30.6M-64.0M-15.7M-64.0M-15.7M
Net VEX-145.2K-193.1K-110.9K-193.1K-110.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.051.490.250.13
Total Volume1,133.71410210,2942,160467
Total OI12,305.4297,96617,12515,2478,206

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$92.58$95.00166.4%47.7%81.1%43.0%161.9%-0.8%-40.4%972.0K-64.0M-193.1K0.2536.63N/AN/A1,72843213,7861,461
2025-03-04$89.81$95.0094.5%27.1%79.4%17.5%102.1%-0.5%4.6%1.4M-53.6M-186.1K0.0554.85N/AN/A9,78451015,3371,788
2025-03-05$90.57$90.0096.4%27.6%73.9%18.2%101.5%4.2%9.7%953.5K-54.7M-189.2K0.2865.20N/AN/A2647513,1741,914
2025-03-06$82.91$90.0099.9%28.6%78.2%19.4%103.2%5.1%7.1%812.9K-42.2M-177.9K0.8269.96N/AN/A1028413,2771,944
2025-03-07$83.65$90.00104.8%30.0%75.5%21.1%110.1%-1.2%10.0%812.5K-43.2M-178.6K0.5763.53N/AN/A74542313,2771,971
2025-03-10$80.72$90.00115.4%33.1%75.7%24.9%120.0%0.7%3.6%706.9K-37.5M-169.3K1.4962.91N/AN/A18427412,9982,256
2025-03-11$82.40$90.0093.5%30.8%73.1%17.1%112.2%3.0%14.3%762.6K-37.9M-168.8K0.0771.21N/AN/A3,84027612,9942,463
2025-03-12$86.58$90.0079.2%25.3%75.4%12.1%91.3%-4.7%21.6%634.2K-29.0M-152.8K0.1583.69N/AN/A1,65425010,6342,678
2025-03-13$81.70$90.0083.6%26.7%75.7%13.6%95.6%-1.5%18.4%398.9K-16.4M-132.5K0.3884.61N/AN/A124479,8222,771
2025-03-14$87.05$90.0083.1%24.3%79.9%13.5%85.0%-1.5%16.7%542.2K-22.1M-138.6K0.5185.40N/AN/A2281179,7892,770
2025-03-17$87.37$70.0083.9%28.8%73.8%13.7%98.4%-0.7%17.0%570.1K-22.7M-135.1K0.8120.16N/AN/A1611309,8082,812
2025-03-18$84.28$70.0084.3%28.0%74.1%13.9%105.5%-2.0%13.5%396.7K-17.0M-126.8K0.3616.52N/AN/A191699,7602,818
2025-03-19$85.66$70.0081.6%28.1%75.0%13.0%79.5%-2.1%17.0%430.0K-18.7M-128.4K0.3838.41N/AN/A165629,7402,824
2025-03-20$88.00$70.0081.6%28.3%76.1%13.0%101.9%-4.2%17.4%583.8K-21.2M-126.9K0.3325.96N/AN/A133449,7082,809
2025-03-21$90.09$70.0078.4%27.4%70.0%15.7%96.5%-2.4%18.1%766.4K-23.6M-124.8K1.3220.80N/AN/A1762329,7222,805
2025-03-24$97.10$70.0077.0%28.2%75.4%15.0%96.9%-3.2%19.4%279.7K-29.1M-127.6K0.2326.74N/AN/A244575,9342,032
2025-03-25$97.05$70.0076.4%27.4%75.1%14.7%94.9%-2.6%19.4%278.2K-29.5M-126.3K0.3327.38N/AN/A163545,9652,054
2025-03-26$91.66$70.0077.2%27.7%76.0%15.1%98.2%-0.7%18.7%237.8K-23.8M-120.2K0.6026.29N/AN/A72435,9652,069
2025-03-27$89.22$70.0076.4%28.4%74.9%14.7%97.5%-0.6%20.8%224.3K-22.4M-120.2K0.6220.78N/AN/A63396,0032,099
2025-03-28$84.44$70.0075.3%28.0%75.3%14.2%98.6%-3.0%22.6%194.2K-17.3M-114.7K0.7319.19N/AN/A59436,0442,133
2025-03-31$82.28$75.0080.1%29.2%69.0%16.5%103.9%-2.3%22.8%182.7K-15.7M-110.9K0.1320.95N/AN/A414536,0492,157