DAVE Options History — May 2025

In May 2025, DAVE traded between $96.94 and $216.16. ATM implied volatility averaged 80.4%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 20.9%. IV traded below realized volatility by 33.6% (HV 20d: 114.0%). Max pain ranged from $85.00 to $115.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2025-05-08: Highest Volume — 2,652 contracts
  • 2025-05-08: Largest IV drop — 42.4% change
  • 2025-05-07: Highest IV Rank — 41.3%
  • 2025-05-01: Largest Expected Move — 34.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$168.51$96.94$216.16$96.94$198.99
Max Pain$107.86$85.00$115.00$85.00$115.00
ATM IV80.4%56.5%132.7%120.4%67.7%
Expected Move20.9%16.2%34.5%34.5%19.4%
HV 20d114.0%86.3%126.6%103.3%123.6%
HV 60d99.9%82.0%107.8%82.6%103.1%
IV Rank16.6%5.3%41.3%35.5%10.6%
IV Percentile27.7%0.8%93.7%85.3%9.1%
Term Structure-3.2%-31.1%4.5%-31.1%4.5%
VWIV74.5%57.6%126.9%116.7%70.4%
Skew 25d6.0%-0.1%18.9%18.9%0.5%
Skew 10d14.2%-10.9%72.9%72.9%3.0%
Call IV 25d71.4%57.4%109.8%109.8%70.4%
Put IV 25d77.4%63.7%128.7%128.7%70.9%
Bid-Ask Spread %55.0632.2768.4355.9366.97
Gamma HHI0.150.090.440.100.10
Net GEX615.6K270.8K1.2M270.8K863.6K
Net DEX-94.3M-138.3M-22.4M-22.4M-112.7M
Net VEX-162.0K-197.8K-122.7K-122.7K-197.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.073.670.070.39
Total Volume818.5241982,652262589
Total OI9,4316,52113,2356,5219,996

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$96.94$85.00120.4%34.5%103.3%35.5%116.7%18.9%-31.1%270.8K-22.4M-122.7K0.0755.93N/AN/A245174,9401,581
2025-05-02$103.05$85.00110.3%31.6%101.7%30.7%126.9%15.4%-29.1%328.3K-27.8M-130.4K3.6746.03N/AN/A642355,1671,589
2025-05-05$105.72$95.00114.8%25.3%90.7%32.9%88.0%8.8%-7.5%340.0K-29.8M-131.4K0.2232.27N/AN/A420915,2081,786
2025-05-06$106.50$95.00129.7%25.2%89.6%39.9%83.6%9.4%-7.7%410.7K-32.4M-133.6K0.1135.20N/AN/A9331005,5961,839
2025-05-07$108.13$95.00132.7%23.4%86.3%41.3%81.4%11.3%-2.3%580.5K-37.9M-143.6K0.4744.22N/AN/A6543106,5711,914
2025-05-08$151.19$95.0076.4%19.1%126.6%14.7%69.4%4.8%0.8%507.6K-88.5M-150.5K0.7346.99N/AN/A1,5351,1177,0602,147
2025-05-09$164.60$110.0066.1%19.4%123.0%9.9%69.9%9.7%-1.7%404.3K-104.5M-153.7K1.8248.31N/AN/A5029157,4672,744
2025-05-12$171.42$110.0070.1%17.1%122.4%11.8%60.7%8.0%3.1%493.1K-114.1M-152.5K1.2353.79N/AN/A6397847,7783,230
2025-05-13$176.94$115.0076.5%17.4%121.9%14.8%63.0%5.5%-0.8%702.2K-120.8M-156.9K0.8259.82N/AN/A6255158,1333,604
2025-05-14$183.85$115.0061.9%17.7%121.3%7.9%60.8%4.4%0.0%726.3K-133.2M-158.0K1.7854.22N/AN/A4678338,4503,994
2025-05-15$184.94$115.0061.9%17.8%119.0%7.9%61.5%5.8%2.6%641.8K-136.0M-163.4K2.4859.77N/AN/A2656568,7254,328
2025-05-16$183.83$115.0060.0%17.2%120.2%7.0%59.9%5.7%0.8%1.2M-138.3M-160.6K0.8254.67N/AN/A2381958,8814,354
2025-05-19$182.72$115.0056.5%16.2%116.3%5.3%57.6%6.4%4.3%408.2K-84.3M-161.5K0.2851.35N/AN/A4451255,9231,669
2025-05-20$195.21$115.0061.2%17.5%116.6%7.6%61.9%3.2%1.6%525.8K-101.7M-168.1K0.3668.43N/AN/A5702046,4371,699
2025-05-21$194.00$115.0067.2%19.3%117.9%10.4%68.4%0.0%0.2%623.1K-102.8M-179.4K0.2061.95N/AN/A7301476,8171,768
2025-05-22$199.29$115.0066.9%19.2%117.9%10.2%69.5%1.8%2.1%748.1K-110.7M-188.6K0.7560.77N/AN/A113857,3271,795
2025-05-23$198.09$115.0070.2%20.1%119.0%11.8%72.7%2.6%-1.1%734.1K-108.4M-191.0K0.6561.47N/AN/A142927,3311,839
2025-05-27$208.64$115.0072.5%20.8%118.7%12.9%75.2%-0.1%-1.1%738.8K-119.8M-180.0K0.2058.50N/AN/A384757,3241,864
2025-05-28$216.16$115.0073.3%21.0%118.2%13.3%73.8%2.5%-3.1%838.5K-131.2M-188.8K0.5867.81N/AN/A2471447,6151,885
2025-05-29$208.59$115.0072.1%20.7%119.7%12.7%72.6%1.9%-2.6%824.9K-123.3M-189.0K0.3567.81N/AN/A5511917,7061,970
2025-05-30$198.99$115.0067.7%19.4%123.6%10.6%70.4%0.5%4.5%863.6K-112.7M-197.8K0.3966.97N/AN/A4251647,9932,003