DAVE Options History — October 2025

In October 2025, DAVE traded between $197.91 and $252.69. ATM implied volatility averaged 75.1%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 24.6%. IV traded above realized volatility by 16.1% (HV 20d: 58.9%). Max pain ranged from $210.00 to $220.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.90.

Notable Days

2025-10-16: Highest Volume — 7,254 contracts
2025-10-15: Largest IV spike — 40.0% change
2025-10-31: Highest IV Rank — 26.2%
2025-10-31: Largest Expected Move — 30.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$219.26	$197.91	$252.69	$198.70	$238.92
Max Pain	$214.78	$210.00	$220.00	$210.00	$220.00
ATM IV	75.1%	50.5%	104.5%	59.8%	104.5%
Expected Move	24.6%	14.7%	30.0%	17.1%	30.0%
HV 20d	58.9%	46.9%	68.0%	66.8%	68.0%
HV 60d	75.0%	62.3%	85.4%	85.4%	63.0%
IV Rank	11.7%	0.0%	26.2%	2.5%	26.2%
IV Percentile	37.6%	0.0%	76.6%	5.2%	76.6%
Term Structure	-2.2%	-15.0%	37.5%	33.8%	-15.0%
VWIV	86.5%	50.4%	106.1%	61.3%	106.1%
Skew 25d	0.6%	-6.7%	6.4%	-3.8%	5.5%
Skew 10d	1.4%	-11.0%	11.5%	-3.6%	1.7%
Call IV 25d	86.4%	53.8%	103.0%	65.1%	103.0%
Put IV 25d	87.1%	51.5%	108.5%	61.3%	108.5%
Bid-Ask Spread %	51.71	24.48	82.92	76.52	53.90
Gamma HHI	0.18	0.11	0.28	0.11	0.14
Net GEX	3.4M	1.1M	5.9M	1.1M	3.5M
Net DEX	-143.0M	-248.4M	-60.1M	-61.7M	-215.1M
Net VEX	-555.6K	-643.7K	-436.4K	-544.4K	-637.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.14	5.18	0.14	0.21
Total Volume	1,562.739	353	7,254	1,033	781
Total OI	25,342.174	17,664	35,008	24,184	24,000

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$198.70	$210.00	59.8%	17.1%	66.8%	2.5%	61.3%	-3.8%	33.8%	1.1M	-61.7M	-544.4K	0.14	76.52	N/A	N/A	905	128	16,622	7,562
2025-10-02	$204.34	$210.00	57.2%	16.4%	65.7%	1.3%	55.3%	-4.3%	36.2%	1.6M	-81.0M	-572.5K	0.23	78.05	N/A	N/A	1,795	406	17,347	7,635
2025-10-03	$203.44	$210.00	51.3%	14.7%	65.7%	0.0%	50.4%	-2.3%	37.5%	2.9M	-84.9M	-579.1K	0.41	82.92	N/A	N/A	582	241	18,852	7,993
2025-10-06	$200.86	$220.00	57.9%	26.3%	65.9%	3.2%	93.2%	-0.1%	-7.2%	3.0M	-77.0M	-555.9K	0.17	29.37	N/A	N/A	660	109	19,236	8,194
2025-10-07	$203.27	$220.00	55.6%	26.7%	54.0%	2.1%	93.7%	0.7%	-6.0%	3.6M	-81.0M	-550.4K	0.21	24.48	N/A	N/A	656	136	19,684	8,230
2025-10-08	$207.44	$220.00	52.8%	26.3%	54.2%	0.7%	92.5%	0.5%	-7.6%	4.5M	-111.8M	-574.1K	0.66	31.67	N/A	N/A	213	140	20,238	8,284
2025-10-09	$206.28	$220.00	52.8%	26.0%	46.9%	0.7%	90.2%	2.1%	-7.7%	4.4M	-105.3M	-552.7K	0.17	42.72	N/A	N/A	765	128	20,272	8,322
2025-10-10	$197.91	$220.00	50.5%	26.2%	48.6%	0.0%	93.1%	-6.7%	-7.3%	4.7M	-60.1M	-514.2K	0.33	47.19	N/A	N/A	1,391	454	20,837	8,389
2025-10-13	$202.93	$210.00	59.1%	25.1%	48.8%	4.2%	91.0%	-1.1%	-5.1%	5.9M	-78.5M	-504.5K	5.18	41.52	N/A	N/A	177	917	20,756	8,703
2025-10-14	$214.81	$210.00	58.0%	25.5%	52.5%	3.7%	87.8%	0.3%	-5.1%	4.5M	-175.0M	-520.4K	1.88	46.97	N/A	N/A	374	704	20,839	8,240
2025-10-15	$222.94	$210.00	81.2%	23.3%	53.7%	14.9%	83.4%	1.9%	-2.2%	2.1M	-231.9M	-511.7K	2.55	54.13	N/A	N/A	572	1,458	21,419	8,685
2025-10-16	$210.11	$210.00	88.3%	25.3%	55.5%	18.3%	86.9%	3.1%	-7.5%	5.9M	-122.2M	-487.4K	1.16	54.33	N/A	N/A	3,359	3,895	21,653	9,992
2025-10-17	$205.31	$210.00	84.4%	24.2%	52.5%	16.4%	83.8%	3.6%	-6.1%	2.0M	-77.2M	-436.4K	2.29	58.14	N/A	N/A	1,454	3,324	25,292	9,716
2025-10-20	$214.11	$210.00	85.7%	24.6%	55.1%	17.1%	84.4%	3.3%	-6.4%	2.5M	-125.0M	-480.6K	0.24	49.95	N/A	N/A	888	210	14,633	3,031
2025-10-21	$225.51	$210.00	83.9%	24.1%	57.5%	16.2%	84.9%	3.0%	-7.7%	2.9M	-154.7M	-522.7K	0.44	47.15	N/A	N/A	384	168	15,287	3,176
2025-10-22	$218.55	$210.00	85.6%	24.5%	57.9%	17.0%	86.0%	5.0%	-6.3%	2.7M	-136.0M	-499.3K	1.37	53.57	N/A	N/A	648	886	15,434	3,254
2025-10-23	$239.57	$210.00	92.8%	26.6%	66.5%	20.5%	92.5%	6.4%	-9.1%	3.0M	-195.3M	-579.9K	0.16	49.09	N/A	N/A	1,429	231	15,771	3,895
2025-10-24	$251.99	$220.00	88.1%	25.2%	67.6%	18.2%	93.4%	3.7%	-5.7%	3.5M	-237.4M	-624.8K	1.14	42.99	N/A	N/A	800	914	16,841	3,972
2025-10-27	$252.69	$220.00	92.8%	26.6%	66.1%	20.5%	93.5%	2.0%	-9.7%	3.5M	-237.2M	-638.7K	0.51	50.45	N/A	N/A	834	426	17,194	4,548
2025-10-28	$252.13	$220.00	91.7%	26.3%	58.7%	20.0%	93.4%	-6.0%	-10.5%	3.6M	-248.4M	-643.7K	0.72	59.17	N/A	N/A	291	209	17,697	4,854
2025-10-29	$243.39	$220.00	96.8%	27.7%	61.1%	22.4%	98.0%	1.4%	-13.9%	3.5M	-214.9M	-642.0K	0.21	59.45	N/A	N/A	994	209	17,843	4,987
2025-10-30	$227.78	$220.00	95.8%	27.5%	66.4%	21.9%	95.6%	-3.6%	-12.4%	3.1M	-176.6M	-604.5K	0.27	55.59	N/A	N/A	550	148	18,384	5,077
2025-10-31	$238.92	$220.00	104.5%	30.0%	68.0%	26.2%	106.1%	5.5%	-15.0%	3.5M	-215.1M	-637.8K	0.21	53.90	N/A	N/A	648	133	18,870	5,130