DAVE Options History — February 2026

In February 2026, DAVE traded between $154.13 and $194.45. ATM implied volatility averaged 85.0%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 24.8%. IV traded above realized volatility by 0.1% (HV 20d: 84.9%). Max pain ranged from $145.00 to $190.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.26.

Notable Days

  • 2026-02-20: Highest Volume — 5,293 contracts
  • 2026-02-11: Largest IV spike — 20.9% change
  • 2026-02-23: Highest IV Rank — 48.3%
  • 2026-02-23: Largest Expected Move — 30.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$175.91$154.13$194.45$174.54$194.45
Max Pain$172.89$145.00$190.00$145.00$155.00
ATM IV85.0%69.7%106.5%69.7%86.8%
Expected Move24.8%20.0%30.5%20.0%24.9%
HV 20d84.9%69.7%96.8%73.8%92.0%
HV 60d69.1%63.7%72.3%64.8%71.3%
IV Rank29.8%16.6%48.3%16.6%31.4%
IV Percentile66.0%42.5%84.5%42.5%71.8%
Term Structure-6.6%-26.4%13.5%13.5%-3.4%
VWIV83.8%69.0%107.4%69.0%90.1%
Skew 25d10.4%0.5%19.5%13.5%19.5%
Skew 10d18.1%-0.4%37.1%22.3%25.7%
Call IV 25d79.2%65.1%93.0%65.1%84.1%
Put IV 25d89.6%73.4%108.2%78.6%103.6%
Bid-Ask Spread %67.5954.5182.4174.5461.96
Gamma HHI0.200.080.360.190.13
Net GEX3.1M545.8K5.5M3.3M1.4M
Net DEX-111.0M-177.5M-26.9M-108.1M-80.8M
Net VEX-410.4K-485.7K-330.7K-381.9K-403.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.030.910.480.11
Total Volume1,316.1052525,2936221,543
Total OI20,701.42110,51827,52120,66412,606

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$174.54$145.0069.7%20.0%73.8%16.6%69.0%13.5%13.5%3.3M-108.1M-381.9K0.4874.54N/AN/A41920317,0843,580
2026-02-03$167.87$145.0079.1%22.7%70.5%24.7%72.4%5.9%3.8%3.0M-94.6M-371.8K0.0382.41N/AN/A1,1693117,0973,625
2026-02-04$164.41$145.0083.9%24.1%69.7%28.8%75.9%8.4%10.0%2.8M-83.6M-406.7K0.4480.48N/AN/A23010118,0803,641
2026-02-05$154.13$190.0084.9%26.5%70.0%29.7%92.4%10.0%-5.9%2.6M-64.1M-380.3K0.8756.74N/AN/A40735618,0923,659
2026-02-06$182.00$190.0082.1%22.8%96.8%27.3%75.3%15.1%-2.6%3.6M-146.3M-472.6K0.0765.90N/AN/A3,12220418,3313,927
2026-02-09$184.82$190.0070.9%23.7%96.6%17.6%80.0%12.0%-7.5%4.3M-170.3M-485.7K0.2166.04N/AN/A79516819,6643,990
2026-02-10$186.23$190.0070.1%23.8%91.1%17.0%76.1%8.6%-3.8%4.5M-176.8M-478.6K0.2954.51N/AN/A1955719,7384,020
2026-02-11$170.79$190.0084.8%24.3%94.9%29.6%82.8%8.6%-9.6%3.5M-110.4M-424.0K0.2764.31N/AN/A58615919,7944,035
2026-02-12$170.93$190.0079.7%22.8%85.1%25.2%74.4%11.4%-1.6%3.4M-104.4M-408.6K0.0364.13N/AN/A2,7708420,0154,071
2026-02-13$176.96$175.0080.4%23.1%86.0%25.8%73.2%12.5%-2.1%4.4M-154.9M-456.7K0.1866.04N/AN/A96617122,0754,093
2026-02-17$178.30$175.0083.6%24.0%85.0%28.6%83.8%7.2%-8.3%4.9M-163.6M-450.1K0.2169.01N/AN/A4669922,8774,141
2026-02-18$181.56$175.0081.3%23.3%83.5%26.6%78.6%4.9%-5.4%5.5M-177.5M-444.3K0.1866.67N/AN/A4388023,1554,178
2026-02-19$177.31$175.0081.5%23.4%83.9%26.8%83.4%0.5%-10.4%4.5M-159.8M-426.9K0.1276.27N/AN/A1,63919623,3474,174
2026-02-20$177.56$175.0093.3%26.8%83.0%37.0%91.9%10.9%-12.8%4.0M-154.9M-394.2K0.0467.17N/AN/A5,06522822,5294,152
2026-02-23$165.34$175.00106.5%30.5%85.8%48.3%99.2%2.2%-26.4%545.8K-26.9M-330.7K0.9163.04N/AN/A1321207,3953,123
2026-02-24$168.86$175.00104.0%29.8%86.3%46.1%95.9%16.4%-20.6%599.4K-29.5M-341.3K0.3968.91N/AN/A203807,4383,161
2026-02-25$173.99$175.00105.1%30.1%85.8%47.1%107.4%10.8%-21.1%679.6K-35.8M-351.2K0.0369.62N/AN/A1,084287,5403,194
2026-02-26$192.24$155.0087.1%25.0%92.9%31.6%89.4%18.4%-11.5%1.1M-67.4M-387.8K0.0666.48N/AN/A1,332808,5163,190
2026-02-27$194.45$155.0086.8%24.9%92.0%31.4%90.1%19.5%-3.4%1.4M-80.8M-403.9K0.1161.96N/AN/A1,3941499,4093,197