DAVE Options History — August 2025

In August 2025, DAVE traded between $182.75 and $245.31. ATM implied volatility averaged 77.3%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded below realized volatility by 24.5% (HV 20d: 101.8%). Max pain ranged from $185.00 to $220.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.48.

Notable Days

  • 2025-08-06: Highest Volume — 8,772 contracts
  • 2025-08-06: Largest IV drop — 37.3% change
  • 2025-08-01: Highest IV Rank — 49.0%
  • 2025-08-01: Largest Expected Move — 42.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$203.59$182.75$245.31$232.27$213.34
Max Pain$203.33$185.00$220.00$200.00$220.00
ATM IV77.3%54.6%148.9%148.9%54.6%
Expected Move20.5%15.7%42.7%42.7%15.7%
HV 20d101.8%94.0%120.0%97.1%95.8%
HV 60d92.5%81.2%105.1%104.7%91.9%
IV Rank15.2%4.5%49.0%49.0%4.5%
IV Percentile28.3%0.4%97.6%97.6%0.4%
Term Structure1.1%-45.2%9.4%-45.2%9.4%
VWIV72.3%55.6%153.3%153.3%55.6%
Skew 25d0.1%-3.8%4.1%0.6%-3.8%
Skew 10d0.8%-2.4%5.5%-2.0%1.2%
Call IV 25d72.9%55.6%150.6%150.6%58.7%
Put IV 25d73.0%54.9%151.2%151.2%54.9%
Bid-Ask Spread %49.6728.9369.7434.9669.74
Gamma HHI0.130.070.440.110.13
Net GEX1.4M-1.6M4.0M1.8M333.9K
Net DEX-124.6M-231.6M-76.3M-183.7M-117.8M
Net VEX-584.8K-722.4K-537.2K-647.3K-614.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.135.800.671.11
Total Volume1,999.6673188,772578318
Total OI21,959.38116,92328,30418,32421,194

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$232.27$200.00148.9%42.7%97.1%49.0%153.3%0.6%-45.2%1.8M-183.7M-647.3K0.6734.96N/AN/A34723114,6153,709
2025-08-04$245.31$210.00123.9%26.6%99.7%37.2%92.8%3.1%-5.7%2.2M-211.3M-644.4K0.1328.93N/AN/A4,48257914,7473,823
2025-08-05$239.62$220.00148.9%28.3%97.2%49.0%98.4%0.6%-8.9%3.0M-231.6M-722.4K0.4331.87N/AN/A4,1671,80617,5424,106
2025-08-06$194.36$220.0093.4%23.1%120.0%22.8%80.9%1.3%-0.5%1.5M-97.4M-589.7K0.4242.33N/AN/A6,1882,58419,0564,983
2025-08-07$193.06$195.0082.5%22.1%118.8%17.6%79.7%0.1%0.8%1.6M-100.2M-590.1K0.7343.71N/AN/A64347119,0545,379
2025-08-08$182.75$190.0079.5%21.8%110.4%16.2%78.9%-1.0%0.1%1.1M-77.5M-543.5K0.4936.61N/AN/A75136719,1405,465
2025-08-11$187.75$190.0087.0%21.5%108.2%19.7%75.7%0.6%3.1%1.3M-86.3M-538.6K0.1838.58N/AN/A2,58045919,3215,515
2025-08-12$185.26$190.0080.0%20.9%107.2%16.4%74.0%1.8%2.9%2.5M-89.1M-540.7K0.4040.39N/AN/A1,75669821,0285,656
2025-08-13$201.13$190.0071.5%20.5%108.3%12.4%72.3%-0.4%2.4%3.9M-162.6M-589.2K0.4640.49N/AN/A1,13752822,1905,788
2025-08-14$199.52$190.0063.1%18.1%103.9%8.5%66.1%-0.1%3.9%4.0M-160.3M-569.5K5.8044.17N/AN/A4412,56022,1145,773
2025-08-15$200.66$190.0063.4%18.2%102.5%8.6%63.7%-0.2%4.9%-1.6M-170.9M-557.8K0.9355.62N/AN/A79173422,0846,220
2025-08-18$201.47$185.0060.5%17.3%96.0%7.2%60.3%0.4%3.6%1.6M-121.2M-555.8K3.8851.26N/AN/A2981,15513,9512,972
2025-08-19$191.14$210.0058.1%16.7%97.9%6.1%60.0%-3.1%7.3%997.9K-91.0M-542.7K3.3257.79N/AN/A3581,18714,0174,007
2025-08-20$187.08$210.0060.9%17.5%95.1%7.4%57.8%-1.4%4.8%593.1K-76.7M-546.5K3.2051.69N/AN/A11837814,0834,951
2025-08-21$187.15$210.0060.4%17.3%95.0%7.2%60.3%-2.0%4.6%560.0K-76.3M-537.2K2.3861.39N/AN/A9522614,0755,091
2025-08-22$199.28$210.0057.0%16.4%98.0%5.6%57.3%4.1%6.7%669.7K-98.8M-575.6K1.5365.81N/AN/A30646814,1185,205
2025-08-25$199.12$210.0059.5%17.1%97.9%6.7%59.6%-2.5%6.2%522.7K-97.0M-573.1K0.9557.60N/AN/A23322114,1265,523
2025-08-26$207.19$210.0057.6%16.5%98.4%5.9%58.7%1.4%7.1%598.5K-112.7M-590.0K0.3656.83N/AN/A2438714,2225,670
2025-08-27$209.23$210.0056.4%16.2%94.0%5.3%56.7%1.9%8.4%659.4K-118.1M-595.4K1.6663.97N/AN/A36760814,3575,682
2025-08-28$218.69$210.0056.2%16.1%95.7%5.2%56.1%0.7%6.4%853.2K-136.2M-616.8K2.1469.29N/AN/A32770014,5026,093
2025-08-29$213.34$220.0054.6%15.7%95.8%4.5%55.6%-3.8%9.4%333.9K-117.8M-614.4K1.1169.74N/AN/A15116714,5876,607