DAVE Options History — January 2026

In January 2026, DAVE traded between $164.81 and $240.57. ATM implied volatility averaged 64.6%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded above realized volatility by 4.1% (HV 20d: 60.5%). Max pain ranged from $175.00 to $210.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.23.

Notable Days

  • 2026-01-30: Highest Volume — 6,571 contracts
  • 2026-01-12: Largest IV spike — 22.4% change
  • 2026-01-21: Highest IV Rank — 18.0%
  • 2026-01-21: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$200.57$164.81$240.57$218.76$164.81
Max Pain$189.00$175.00$210.00$175.00$175.00
ATM IV64.6%56.9%71.3%71.0%69.1%
Expected Move18.8%16.7%20.4%20.4%19.8%
HV 20d60.5%42.4%70.1%44.5%69.4%
HV 60d65.5%62.7%69.5%63.5%63.9%
IV Rank12.2%5.6%18.0%17.7%16.1%
IV Percentile24.9%4.4%46.8%40.5%41.7%
Term Structure15.3%-7.3%25.1%-7.3%15.0%
VWIV64.3%55.4%71.7%69.4%66.2%
Skew 25d5.3%2.2%9.5%8.3%3.4%
Skew 10d9.6%-2.7%23.2%16.5%15.3%
Call IV 25d61.4%54.5%67.4%62.2%62.2%
Put IV 25d66.6%58.5%72.5%70.5%65.5%
Bid-Ask Spread %68.2548.8481.6781.6774.12
Gamma HHI0.270.150.640.270.25
Net GEX3.3M1.2M5.9M3.0M2.1M
Net DEX-149.2M-309.2M-28.3M-192.1M-28.3M
Net VEX-315.0K-451.9K-231.8K-281.9K-321.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.030.710.500.03
Total Volume1,763.553416,5714956,571
Total OI18,904.212,15125,82117,58917,450

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$218.76$175.0071.0%20.4%44.5%17.7%69.4%8.3%-7.3%3.0M-192.1M-281.9K0.5081.67N/AN/A33116414,2573,332
2026-01-05$230.31$200.0059.8%19.3%46.7%8.0%65.7%5.4%18.2%2.5M-222.5M-256.0K0.1148.84N/AN/A1,82620314,1083,415
2026-01-06$233.45$200.0062.2%18.9%46.8%10.1%66.0%7.9%19.0%3.3M-250.7M-270.9K0.1557.53N/AN/A5708315,4823,487
2026-01-07$238.62$200.0060.8%19.0%43.5%8.9%68.7%8.8%16.8%3.2M-279.0M-252.0K0.1364.55N/AN/A7199016,0093,509
2026-01-08$236.02$200.0058.6%18.6%42.4%7.0%66.6%5.5%17.3%4.1M-280.5M-259.4K0.1065.28N/AN/A5105216,6563,534
2026-01-09$240.57$200.0056.9%18.2%42.5%5.6%64.4%3.9%17.5%4.2M-309.2M-247.8K0.4469.31N/AN/A51322817,0913,556
2026-01-12$217.48$210.0069.7%17.3%56.5%16.6%60.3%4.6%23.3%5.1M-226.7M-242.6K0.4762.00N/AN/A1,15053917,4503,658
2026-01-13$210.28$210.0062.3%16.7%56.8%10.2%55.4%3.8%25.1%4.6M-206.3M-232.2K0.1669.32N/AN/A1,21018818,5023,989
2026-01-14$185.99$210.0066.9%19.2%70.1%14.2%67.2%2.5%15.4%5.1M-114.4M-236.3K0.4166.87N/AN/A1,15547419,4694,107
2026-01-15$189.06$200.0063.2%18.1%68.6%11.0%62.5%4.0%16.2%5.9M-140.3M-231.8K0.2164.66N/AN/A1,99841820,2314,274
2026-01-16$195.43$200.0065.2%18.7%69.7%12.7%61.7%2.2%13.5%1.2M-179.8M-252.0K0.2072.06N/AN/A2,82157321,4304,391
2026-01-20$185.59$175.0067.9%19.5%69.6%15.0%67.9%6.8%14.0%1.6M-51.8M-337.7K0.0566.77N/AN/A2,9561419,3252,826
2026-01-21$184.49$175.0071.3%20.4%68.8%18.0%71.7%6.5%7.3%2.3M-75.5M-416.1K0.1668.33N/AN/A1,60526012,0522,981
2026-01-22$190.14$175.0063.0%18.1%69.6%10.8%61.4%7.4%11.1%3.1M-101.0M-451.9K0.0867.58N/AN/A1,0348713,3883,138
2026-01-23$183.66$175.0063.5%18.2%69.7%11.3%63.0%5.3%16.2%2.8M-81.7M-428.5K0.7168.87N/AN/A19914213,1453,180
2026-01-26$184.01$175.0065.4%18.7%68.3%12.9%60.4%5.3%14.2%2.8M-77.3M-416.0K0.0369.20N/AN/A1,1333613,1883,286
2026-01-27$176.24$175.0069.2%19.8%68.7%16.1%64.5%2.3%14.5%2.8M-66.6M-431.5K0.0875.04N/AN/A4,12733014,2353,298
2026-01-28$175.94$175.0060.9%17.4%68.8%9.0%60.6%9.5%23.6%2.9M-55.7M-374.5K0.2679.24N/AN/A3749913,7483,528
2026-01-29$170.50$175.0065.0%18.6%69.0%12.6%61.7%2.5%15.7%2.6M-44.3M-359.7K0.3273.76N/AN/A2758713,8333,546
2026-01-30$164.81$175.0069.1%19.8%69.4%16.1%66.2%3.4%15.0%2.1M-28.3M-321.6K0.0374.12N/AN/A6,37919213,9043,546