DOCS Options History — March 2022

In March 2022, DOCS traded between $40.37 and $60.92. ATM implied volatility averaged 81.2%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded below realized volatility by 29.3% (HV 20d: 110.5%). Max pain ranged from $45.00 to $57.50. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.70.

Notable Days

2022-03-18: Highest Volume — 7,504 contracts
2022-03-04: Largest IV spike — 14.5% change
2022-03-07: Highest IV Rank — 37.8%
2022-03-07: Largest Expected Move — 28.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.78	$40.37	$60.92	$58.20	$52.12
Max Pain	$49.89	$45.00	$57.50	$57.50	$45.00
ATM IV	81.2%	68.4%	97.8%	80.7%	68.4%
Expected Move	24.5%	21.5%	28.0%	23.1%	22.0%
HV 20d	110.5%	88.4%	121.1%	96.3%	118.3%
HV 60d	89.4%	78.7%	94.9%	83.1%	94.9%
IV Rank	17.9%	2.4%	37.8%	17.3%	2.4%
IV Percentile	40.5%	1.1%	88.3%	31.6%	1.1%
Term Structure	3.0%	-4.6%	8.3%	-4.6%	7.5%
VWIV	85.1%	74.4%	96.3%	79.3%	75.9%
Skew 25d	8.1%	4.5%	11.4%	5.4%	4.5%
Skew 10d	15.0%	-2.7%	58.7%	8.1%	7.3%
Call IV 25d	77.1%	64.9%	92.8%	78.0%	64.9%
Put IV 25d	85.1%	69.4%	103.0%	83.4%	69.4%
Bid-Ask Spread %	49.16	30.19	61.16	51.53	53.39
Gamma HHI	0.11	0.08	0.34	0.13	0.10
Net GEX	167.3K	-392.8K	700.5K	498.4K	700.5K
Net DEX	-11.6M	-38.5M	20.3M	-31.4M	-34.6M
Net VEX	-281.5K	-323.5K	-212.3K	-314.7K	-286.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.20	1.79	0.82	0.37
Total Volume	3,956.783	2,491	7,504	2,491	4,372
Total OI	36,689.783	33,004	41,636	33,036	39,968

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
2022-03-01	$58.20	$57.50	80.7%	23.1%	96.3%	17.3%	79.3%	5.4%	-4.6%	498.4K	-31.4M	-314.7K	0.82	51.53	N/A	N/A	1,367	1,124	19,716	13,320
2022-03-02	$60.92	$57.50	75.1%	21.5%	93.5%	10.5%	74.4%	7.0%	3.2%	660.3K	-38.5M	-323.5K	0.55	49.76	N/A	N/A	1,716	946	19,767	13,443
2022-03-03	$57.29	$57.50	78.7%	22.6%	95.2%	14.9%	77.8%	6.4%	2.4%	498.8K	-28.0M	-309.8K	1.13	53.39	N/A	N/A	1,310	1,475	20,454	13,456
2022-03-04	$48.60	$57.50	90.1%	25.8%	113.2%	28.6%	90.3%	6.4%	-0.9%	27.5K	-1.3M	-272.0K	0.80	30.19	N/A	N/A	3,214	2,568	20,542	14,002
2022-03-07	$52.60	$57.50	97.8%	28.0%	116.3%	37.8%	94.8%	8.6%	0.3%	137.2K	-11.8M	-298.4K	0.59	52.69	N/A	N/A	3,498	2,051	20,890	14,838
2022-03-08	$52.26	$57.50	88.7%	27.8%	115.7%	26.9%	96.3%	9.3%	0.1%	146.0K	-11.8M	-302.5K	0.75	57.68	N/A	N/A	2,204	1,654	21,629	15,693
2022-03-09	$54.72	$57.50	82.4%	25.6%	116.5%	19.3%	87.3%	8.8%	3.6%	299.6K	-19.6M	-311.3K	0.54	42.22	N/A	N/A	2,033	1,095	21,897	15,636
2022-03-10	$50.30	$57.50	84.5%	25.3%	88.4%	21.9%	88.9%	8.8%	-0.6%	-20.2K	-3.8M	-283.4K	0.61	56.87	N/A	N/A	1,748	1,061	22,458	15,728
2022-03-11	$46.63	$57.50	86.0%	26.9%	91.4%	23.6%	92.2%	11.1%	-2.4%	-175.2K	8.4M	-257.3K	1.06	61.16	N/A	N/A	1,314	1,389	22,399	15,764
2022-03-14	$40.37	$45.00	96.0%	26.8%	99.9%	35.7%	93.1%	10.2%	-3.1%	-118.5K	20.3M	-212.3K	0.91	48.32	N/A	N/A	2,799	2,544	22,633	15,922
2022-03-15	$43.43	$45.00	92.0%	26.7%	104.1%	30.9%	90.1%	9.3%	2.4%	-126.2K	12.5M	-237.3K	0.67	48.23	N/A	N/A	2,964	1,972	23,775	16,525
2022-03-16	$46.52	$45.00	85.4%	25.4%	108.1%	22.9%	88.6%	8.4%	2.3%	-197.5K	5.8M	-259.4K	0.95	46.91	N/A	N/A	2,105	1,999	23,945	16,839
2022-03-17	$50.53	$45.00	86.0%	25.6%	112.9%	23.6%	87.7%	7.6%	2.0%	-111.2K	-10.7M	-286.0K	0.60	45.06	N/A	N/A	3,351	2,012	24,349	16,929
2022-03-18	$52.88	$45.00	78.3%	24.2%	114.4%	14.4%	83.2%	11.4%	6.5%	-392.8K	-19.9M	-293.5K	1.79	41.98	N/A	N/A	2,686	4,818	24,755	16,881
2022-03-21	$48.09	$45.00	81.7%	24.5%	118.8%	18.5%	85.1%	7.1%	3.2%	129.2K	-7.0M	-271.6K	0.51	46.06	N/A	N/A	2,309	1,186	19,412	13,592
2022-03-22	$49.86	$45.00	75.1%	23.7%	119.9%	10.5%	84.4%	6.9%	6.6%	226.6K	-13.5M	-284.5K	0.45	47.31	N/A	N/A	2,070	925	20,249	13,966
2022-03-23	$50.90	$45.00	77.3%	23.7%	120.2%	13.2%	84.0%	8.6%	5.4%	258.7K	-15.2M	-287.8K	0.38	46.89	N/A	N/A	2,332	876	20,455	13,996
2022-03-24	$49.98	$45.00	74.3%	23.2%	119.7%	9.6%	83.2%	8.1%	6.2%	270.9K	-13.4M	-283.7K	0.60	48.30	N/A	N/A	1,753	1,060	20,994	14,014
2022-03-25	$48.65	$45.00	75.4%	23.6%	119.2%	10.9%	82.4%	9.5%	6.4%	198.6K	-9.0M	-273.3K	0.55	49.63	N/A	N/A	1,707	933	21,124	14,158
2022-03-28	$49.01	$45.00	73.3%	23.1%	118.3%	8.4%	82.1%	8.6%	6.9%	195.2K	-9.2M	-267.8K	0.76	49.36	N/A	N/A	1,615	1,227	21,271	14,238
2022-03-29	$52.69	$45.00	70.0%	22.3%	121.1%	4.4%	77.7%	6.9%	8.3%	407.7K	-20.4M	-282.7K	0.51	51.25	N/A	N/A	2,148	1,088	21,393	14,530
2022-03-30	$51.39	$45.00	70.5%	22.4%	119.7%	4.9%	79.2%	6.5%	7.4%	333.0K	-15.6M	-275.8K	0.20	52.54	N/A	N/A	5,322	1,066	21,778	14,542
2022-03-31	$52.12	$45.00	68.4%	22.0%	118.3%	2.4%	75.9%	4.5%	7.5%	700.5K	-34.6M	-286.4K	0.37	53.39	N/A	N/A	3,194	1,178	25,412	14,556