DAVE Options History — December 2025

In December 2025, DAVE traded between $190.46 and $229.60. ATM implied volatility averaged 65.2%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 19.0%. IV traded above realized volatility by 6.4% (HV 20d: 58.8%). Max pain ranged from $160.00 to $175.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2025-12-19: Highest Volume — 9,145 contracts
  • 2025-12-05: Largest IV spike — 11.2% change
  • 2025-12-08: Highest IV Rank — 16.0%
  • 2025-12-08: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$209.36$190.46$229.60$204.04$219.24
Max Pain$172.95$160.00$175.00$160.00$175.00
ATM IV65.2%59.1%69.0%69.0%61.8%
Expected Move19.0%17.7%20.9%19.8%17.7%
HV 20d58.8%44.0%74.8%74.8%44.6%
HV 60d65.0%63.3%69.2%69.2%63.5%
IV Rank12.7%7.5%16.0%16.0%9.8%
IV Percentile21.4%8.3%31.0%27.4%13.1%
Term Structure3.4%-0.8%11.3%7.2%2.8%
VWIV67.9%62.6%78.5%67.1%67.9%
Skew 25d8.3%1.6%13.7%9.9%4.9%
Skew 10d20.3%7.2%30.1%20.5%13.9%
Call IV 25d63.2%57.8%70.2%69.3%61.8%
Put IV 25d71.5%64.6%79.2%79.2%66.7%
Bid-Ask Spread %67.4149.6479.9177.8375.23
Gamma HHI0.340.200.880.210.24
Net GEX9.0M2.5M33.1M6.6M2.8M
Net DEX-239.7M-412.0M-170.5M-233.5M-197.1M
Net VEX-401.6K-542.0K-284.0K-530.4K-293.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.051.950.061.95
Total Volume1,397.0452149,1452,855319
Total OI30,431.77316,08438,94332,37617,511

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$204.04$160.0069.0%19.8%74.8%16.0%67.1%9.9%7.2%6.6M-233.5M-530.4K0.0677.83N/AN/A2,68517028,5073,869
2025-12-02$204.76$160.0065.7%18.8%73.9%13.1%64.1%11.1%10.3%7.8M-254.7M-542.0K0.2276.79N/AN/A3507630,0883,988
2025-12-03$203.15$160.0064.3%18.4%72.8%11.9%64.7%10.4%11.3%7.8M-245.9M-526.9K0.7979.91N/AN/A25320030,3364,044
2025-12-04$209.36$175.0059.1%20.6%73.0%7.5%75.9%11.2%1.4%8.4M-277.5M-524.1K0.3949.64N/AN/A1,03540030,5134,140
2025-12-05$210.42$175.0065.8%20.7%69.5%13.2%69.5%9.8%0.6%8.6M-295.5M-520.9K0.1256.25N/AN/A1,05812431,3554,216
2025-12-08$201.53$175.0069.0%20.9%68.2%16.0%72.4%8.3%0.0%8.9M-238.6M-478.6K0.1753.35N/AN/A76513031,5684,291
2025-12-09$196.63$175.0067.9%19.2%65.0%15.0%64.5%11.7%5.7%9.3M-211.9M-450.5K0.1955.91N/AN/A1,14221931,9474,348
2025-12-10$198.38$175.0064.8%18.6%65.3%12.3%64.1%6.4%5.7%10.0M-232.1M-460.2K0.2368.44N/AN/A78718332,8774,434
2025-12-11$206.17$175.0063.2%18.1%67.4%11.0%68.3%13.7%5.4%11.4M-284.8M-470.7K0.1063.09N/AN/A4554733,4664,507
2025-12-12$200.15$175.0064.0%18.4%53.8%11.7%63.1%1.6%3.2%11.8M-244.4M-432.2K0.2366.14N/AN/A4239733,7034,516
2025-12-15$190.46$175.0064.7%18.6%54.8%12.3%64.6%6.3%5.3%10.3M-179.4M-370.3K0.2366.05N/AN/A78217834,0044,555
2025-12-16$198.58$175.0064.8%18.6%54.1%12.3%64.7%7.7%2.7%12.3M-222.8M-368.2K0.1063.15N/AN/A1,05411034,2064,512
2025-12-17$198.67$175.0065.7%18.8%53.4%13.1%65.7%5.8%0.9%12.3M-222.8M-339.2K0.1267.38N/AN/A91311434,0914,523
2025-12-18$208.22$175.0066.5%19.0%55.3%13.8%72.2%8.4%2.8%20.6M-311.9M-324.6K0.0573.49N/AN/A4,85823934,0764,580
2025-12-19$212.68$175.0066.5%19.1%54.1%13.8%78.5%10.6%1.7%33.1M-412.0M-322.8K0.2064.13N/AN/A7,6511,49434,3434,600
2025-12-22$216.41$175.0068.0%19.5%53.1%15.2%73.7%9.9%-0.2%2.6M-170.5M-332.1K0.3967.05N/AN/A64925613,2502,834
2025-12-23$220.17$175.0065.7%18.8%49.8%13.2%71.7%8.9%-0.8%2.6M-188.2M-332.5K0.9565.10N/AN/A21120013,7192,988
2025-12-24$226.86$175.0064.6%18.5%48.8%12.2%69.2%11.0%1.3%2.5M-211.0M-312.5K0.6666.63N/AN/A22314713,9363,101
2025-12-26$229.60$175.0064.5%18.5%48.6%12.1%66.7%9.1%1.9%2.6M-214.5M-319.3K0.9274.90N/AN/A13212114,0713,161
2025-12-29$227.87$175.0063.5%18.2%48.7%11.2%62.6%3.6%4.0%2.6M-214.2M-300.6K0.4976.23N/AN/A1828914,0803,205
2025-12-30$222.67$175.0064.7%18.6%44.0%12.3%62.9%2.0%1.4%2.6M-209.0M-284.0K0.9676.35N/AN/A10910514,1953,245
2025-12-31$219.24$175.0061.8%17.7%44.6%9.8%67.9%4.9%2.8%2.8M-197.1M-293.0K1.9575.23N/AN/A10821114,2173,294