DAVE Options History — November 2025

In November 2025, DAVE traded between $183.89 and $248.30. ATM implied volatility averaged 73.9%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded below realized volatility by 2.3% (HV 20d: 76.1%). Max pain ranged from $140.00 to $220.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.16.

Notable Days

  • 2025-11-04: Highest Volume — 11,713 contracts
  • 2025-11-04: Largest IV drop — 37.7% change
  • 2025-11-24: Highest IV Rank — 31.9%
  • 2025-11-03: Largest Expected Move — 32.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$217.70$183.89$248.30$245.04$216.56
Max Pain$157.89$140.00$220.00$220.00$160.00
ATM IV73.9%64.3%114.6%114.6%66.0%
Expected Move21.3%18.3%32.9%32.9%18.9%
HV 20d76.1%67.8%84.4%67.8%74.6%
HV 60d65.7%61.9%68.7%61.9%68.0%
IV Rank15.7%6.7%31.9%31.1%13.4%
IV Percentile35.3%18.3%85.7%85.7%20.2%
Term Structure-0.3%-21.4%8.2%-21.4%8.2%
VWIV76.5%65.3%116.9%116.9%68.4%
Skew 25d3.8%-5.6%13.6%7.2%6.9%
Skew 10d9.0%-10.8%27.8%5.9%17.7%
Call IV 25d74.1%64.9%112.4%112.4%69.3%
Put IV 25d77.9%67.1%119.6%119.6%76.2%
Bid-Ask Spread %64.6044.5872.8944.5871.49
Gamma HHI0.180.080.350.130.14
Net GEX6.7M2.0M11.8M3.5M5.9M
Net DEX-225.3M-460.8M-48.2M-228.0M-278.7M
Net VEX-551.5K-718.0K-364.9K-626.6K-564.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.040.590.330.05
Total Volume3,476.57998211,7134,6682,136
Total OI33,873.47422,84041,11923,74530,531

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$245.04$220.00114.6%32.9%67.8%31.1%116.9%7.2%-21.4%3.5M-228.0M-626.6K0.3344.58N/AN/A3,5081,16018,6165,129
2025-11-04$235.03$220.0071.5%20.5%70.2%10.2%75.2%2.6%6.9%4.4M-197.7M-579.9K0.1872.89N/AN/A9,9181,79519,9794,913
2025-11-05$241.50$220.0067.5%19.3%70.4%8.2%74.0%-5.6%7.0%7.0M-258.8M-663.7K0.0469.37N/AN/A5,78824124,0594,828
2025-11-06$225.72$140.0071.8%21.3%75.2%10.3%76.3%-4.7%0.0%7.2M-260.0M-686.4K0.1160.64N/AN/A3,86841527,9574,915
2025-11-07$236.49$140.0067.3%21.4%74.6%8.2%76.0%1.7%1.9%9.1M-345.7M-718.0K0.0854.66N/AN/A2,95823730,7505,085
2025-11-10$248.30$140.0064.3%18.3%75.7%6.7%66.6%-1.6%4.6%10.5M-460.8M-696.1K0.0764.78N/AN/A2,52018032,6645,195
2025-11-11$242.45$140.0065.1%19.1%74.5%7.1%67.3%2.1%1.0%11.7M-426.2M-666.3K0.2066.72N/AN/A87917434,1325,277
2025-11-12$242.76$140.0066.5%19.1%73.6%7.7%66.4%3.7%0.1%11.8M-440.5M-666.9K0.0860.78N/AN/A1,2709834,5955,363
2025-11-13$215.31$140.0075.5%21.6%83.1%12.1%77.4%-0.9%-1.5%9.9M-257.8M-616.8K0.2956.48N/AN/A2,53673935,7725,347
2025-11-14$207.05$140.0065.2%18.7%83.9%7.1%65.3%2.3%1.2%8.5M-194.7M-557.1K0.2765.94N/AN/A1,28734932,7055,736
2025-11-17$196.52$140.0071.0%20.4%84.4%17.7%68.3%5.9%-0.4%7.9M-124.3M-430.9K0.1472.42N/AN/A4,13556733,5395,924
2025-11-18$192.26$140.0071.0%20.4%81.9%17.7%74.0%3.1%1.3%7.2M-91.4M-422.4K0.2267.51N/AN/A2,12647233,3896,144
2025-11-19$189.11$140.0075.8%21.7%81.5%21.8%77.4%10.1%-0.8%6.8M-74.2M-394.6K0.0468.17N/AN/A3,79917033,7516,223
2025-11-20$183.89$140.0074.7%21.4%72.8%20.9%76.7%0.7%-2.2%2.5M-48.2M-364.9K0.5970.92N/AN/A61936331,0105,997
2025-11-21$190.85$160.0083.5%23.9%71.4%28.5%84.9%10.5%-5.4%2.0M-53.4M-378.1K0.1759.67N/AN/A2,53542230,7345,910
2025-11-24$202.14$160.0087.4%25.1%75.6%31.9%86.5%9.2%-10.8%2.7M-118.9M-421.3K0.0765.18N/AN/A2,82719619,1183,722
2025-11-25$210.78$160.0070.7%20.3%77.9%17.4%74.9%13.6%5.6%3.9M-177.2M-471.9K0.0465.19N/AN/A3,95016321,7413,754
2025-11-26$214.61$160.0074.2%21.3%77.8%20.5%80.4%5.5%-0.5%5.2M-244.7M-552.1K0.0770.12N/AN/A1,54111425,3013,791
2025-11-28$216.56$160.0066.0%18.9%74.6%13.4%68.4%6.9%8.2%5.9M-278.7M-564.1K0.0571.49N/AN/A2,0409626,6963,835