DOCS Options History — July 2022

In July 2022, DOCS traded between $36.70 and $46.23. ATM implied volatility averaged 83.4%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 24.7%. IV traded above realized volatility by 12.6% (HV 20d: 70.8%). Max pain ranged from $27.50 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.01.

Notable Days

2022-07-21: Highest Volume — 12,120 contracts
2022-07-11: Largest IV spike — 28.3% change
2022-07-25: Highest IV Rank — 24.0%
2022-07-25: Largest Expected Move — 26.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.59	$36.70	$46.23	$36.70	$42.18
Max Pain	$39.38	$27.50	$40.00	$27.50	$40.00
ATM IV	83.4%	69.2%	91.0%	71.2%	85.2%
Expected Move	24.7%	20.4%	26.1%	20.4%	24.4%
HV 20d	70.8%	61.9%	74.8%	68.6%	61.9%
HV 60d	82.1%	80.7%	83.0%	81.2%	80.7%
IV Rank	17.1%	4.3%	24.0%	6.0%	18.8%
IV Percentile	51.4%	4.5%	77.4%	8.6%	59.5%
Term Structure	-6.4%	-11.8%	17.2%	17.2%	-9.7%
VWIV	85.9%	60.7%	97.4%	60.7%	85.0%
Skew 25d	8.8%	6.1%	10.7%	9.0%	9.6%
Skew 10d	17.0%	12.3%	22.6%	14.1%	22.6%
Call IV 25d	83.0%	68.8%	88.5%	68.8%	84.1%
Put IV 25d	91.8%	77.8%	97.6%	77.8%	93.6%
Bid-Ask Spread %	36.04	27.17	57.46	57.46	40.22
Gamma HHI	0.20	0.16	0.40	0.16	0.19
Net GEX	1.1M	543.3K	2.5M	867.6K	603.6K
Net DEX	-41.7M	-69.4M	-17.2M	-30.6M	-23.3M
Net VEX	-277.6K	-301.2K	-250.8K	-250.8K	-295.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.01	0.22	5.66	0.22	0.32
Total Volume	4,648.05	2,809	12,120	7,383	3,026
Total OI	49,343.05	40,915	56,849	47,665	56,849

Daily Data (20 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
2022-07-01	$36.70	$27.50	71.2%	20.4%	68.6%	6.0%	60.7%	9.0%	17.2%	867.6K	-30.6M	-250.8K	0.22	57.46	N/A	N/A	6,031	1,352	34,880	12,785
2022-07-05	$38.41	$40.00	81.1%	25.4%	70.6%	15.0%	89.7%	8.6%	-4.6%	1.0M	-39.3M	-257.6K	0.81	35.72	N/A	N/A	1,640	1,328	35,420	12,873
2022-07-06	$38.84	$40.00	76.9%	24.8%	69.7%	11.2%	89.8%	8.9%	-5.0%	1.1M	-41.5M	-258.8K	0.94	37.52	N/A	N/A	1,450	1,359	35,548	12,907
2022-07-07	$41.37	$40.00	72.3%	25.2%	72.9%	7.1%	87.5%	8.8%	-9.0%	1.3M	-56.1M	-276.7K	0.83	34.49	N/A	N/A	1,944	1,610	35,560	12,918
2022-07-08	$42.25	$40.00	69.2%	24.7%	72.7%	4.3%	85.4%	9.0%	-7.0%	1.4M	-60.7M	-279.0K	1.01	29.48	N/A	N/A	1,453	1,464	35,810	13,383
2022-07-11	$40.90	$40.00	88.8%	25.9%	71.6%	22.0%	87.6%	10.5%	-9.6%	1.3M	-52.3M	-264.6K	0.60	36.40	N/A	N/A	2,612	1,568	36,259	13,489
2022-07-12	$41.49	$40.00	86.6%	25.3%	70.6%	20.0%	88.1%	8.0%	-7.9%	1.4M	-55.9M	-271.1K	0.84	29.58	N/A	N/A	2,090	1,747	36,865	13,685
2022-07-13	$41.13	$40.00	87.6%	25.1%	69.6%	20.9%	88.1%	6.1%	-6.0%	1.5M	-54.0M	-268.0K	0.93	36.64	N/A	N/A	2,064	1,914	37,268	14,214
2022-07-14	$40.05	$40.00	88.0%	25.2%	70.8%	21.3%	88.1%	8.1%	-5.0%	1.3M	-45.1M	-255.3K	0.37	29.83	N/A	N/A	2,827	1,053	37,216	14,237
2022-07-15	$43.01	$40.00	85.0%	24.4%	74.0%	18.5%	84.8%	8.5%	-5.5%	2.5M	-69.4M	-274.3K	0.42	36.50	N/A	N/A	2,694	1,133	38,025	14,203
2022-07-18	$43.82	$40.00	83.7%	24.0%	69.7%	17.4%	82.2%	9.9%	-7.2%	973.1K	-41.5M	-272.4K	0.31	27.17	N/A	N/A	2,653	816	29,396	11,519
2022-07-19	$42.64	$40.00	83.5%	23.9%	70.8%	17.2%	84.7%	8.5%	-5.5%	992.3K	-37.8M	-273.7K	0.41	31.82	N/A	N/A	2,360	969	30,785	11,580
2022-07-20	$45.47	$40.00	82.7%	23.7%	72.8%	16.5%	82.2%	8.3%	-6.1%	1.1M	-51.4M	-289.8K	0.48	34.44	N/A	N/A	2,223	1,075	31,183	11,660
2022-07-21	$46.23	$40.00	83.8%	24.0%	72.5%	17.5%	84.8%	9.5%	-8.3%	1.2M	-56.0M	-293.9K	1.22	31.14	N/A	N/A	5,451	6,669	31,441	11,717
2022-07-22	$42.65	$40.00	86.3%	24.7%	74.8%	19.7%	85.3%	9.3%	-6.8%	854.3K	-33.2M	-301.2K	1.69	32.50	N/A	N/A	1,848	3,114	34,034	17,940
2022-07-25	$41.56	$40.00	91.0%	26.1%	72.6%	24.0%	90.2%	10.7%	-11.8%	727.0K	-25.1M	-298.3K	0.90	34.52	N/A	N/A	3,196	2,863	34,245	19,020
2022-07-26	$40.39	$40.00	90.6%	26.0%	72.9%	23.6%	89.8%	10.1%	-9.8%	543.3K	-17.2M	-289.1K	1.23	44.34	N/A	N/A	1,504	1,849	32,604	20,020
2022-07-27	$41.36	$40.00	85.8%	24.6%	68.9%	19.3%	87.7%	8.3%	-9.6%	646.7K	-21.6M	-291.4K	1.05	44.48	N/A	N/A	1,783	1,881	32,669	19,955
2022-07-28	$41.41	$40.00	88.4%	25.3%	68.5%	21.6%	97.4%	7.5%	-10.7%	644.6K	-21.9M	-290.2K	5.66	36.53	N/A	N/A	1,553	8,795	32,748	19,951
2022-07-29	$42.18	$40.00	85.2%	24.4%	61.9%	18.8%	85.0%	9.6%	-9.7%	603.6K	-23.3M	-295.3K	0.32	40.22	N/A	N/A	2,292	734	32,791	24,058