DOCS Options History — August 2022

In August 2022, DOCS traded between $32.51 and $43.90. ATM implied volatility averaged 72.6%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded below realized volatility by 6.7% (HV 20d: 79.4%). Max pain ranged from $37.50 to $42.50. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 1.64.

Notable Days

2022-08-04: Highest Volume — 13,360 contracts
2022-08-05: Largest IV drop — 35.1% change
2022-08-04: Highest IV Rank — 35.0%
2022-08-03: Largest Expected Move — 27.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.61	$32.51	$43.90	$42.89	$33.29
Max Pain	$39.67	$37.50	$42.50	$40.00	$37.50
ATM IV	72.6%	64.4%	103.2%	95.8%	68.0%
Expected Move	20.4%	18.5%	27.6%	27.5%	19.5%
HV 20d	79.4%	58.4%	92.4%	60.1%	81.4%
HV 60d	74.8%	71.0%	80.1%	80.1%	71.0%
IV Rank	7.4%	0.0%	35.0%	28.4%	3.3%
IV Percentile	18.5%	0.0%	88.9%	83.7%	7.5%
Term Structure	1.5%	-19.1%	9.5%	-17.2%	1.9%
VWIV	72.0%	64.1%	99.2%	96.5%	65.7%
Skew 25d	5.6%	2.1%	10.8%	10.8%	5.7%
Skew 10d	8.9%	1.2%	23.4%	21.5%	7.8%
Call IV 25d	69.7%	62.0%	91.8%	91.3%	65.1%
Put IV 25d	75.2%	68.8%	102.3%	102.1%	70.8%
Bid-Ask Spread %	38.76	24.76	55.22	35.73	52.73
Gamma HHI	0.21	0.15	0.47	0.20	0.18
Net GEX	-339.7K	-1.8M	731.7K	636.2K	-409.4K
Net DEX	10.3M	-32.1M	38.9M	-27.2M	11.2M
Net VEX	-212.7K	-291.7K	-161.9K	-291.7K	-169.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.64	0.09	6.55	0.57	0.30
Total Volume	4,322.696	501	13,360	3,162	2,831
Total OI	57,468.043	32,703	75,420	55,931	38,879

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
2022-08-01	$42.89	$40.00	95.8%	27.5%	60.1%	28.4%	96.5%	10.8%	-17.2%	636.2K	-27.2M	-291.7K	0.57	35.73	N/A	N/A	2,020	1,142	31,873	24,058
2022-08-02	$43.90	$40.00	91.5%	26.2%	58.7%	24.5%	91.5%	9.6%	-14.6%	731.7K	-32.1M	-288.3K	0.43	45.68	N/A	N/A	2,353	1,007	31,413	24,464
2022-08-03	$42.04	$40.00	96.2%	27.6%	61.3%	28.7%	99.2%	10.5%	-19.1%	571.7K	-21.4M	-276.7K	2.05	27.39	N/A	N/A	3,470	7,124	31,647	24,463
2022-08-04	$40.70	$42.50	103.2%	23.2%	58.4%	35.0%	81.7%	9.3%	-2.4%	338.4K	-11.5M	-274.1K	3.03	28.33	N/A	N/A	3,313	10,047	32,747	26,312
2022-08-05	$36.82	$42.50	66.9%	18.6%	67.5%	2.2%	67.5%	7.4%	4.8%	-507.7K	22.4M	-226.4K	1.76	24.76	N/A	N/A	4,498	7,936	33,748	33,172
2022-08-08	$40.58	$40.00	75.6%	19.8%	76.1%	10.1%	70.4%	5.9%	2.7%	278.4K	-8.0M	-255.5K	2.02	28.11	N/A	N/A	4,258	8,590	34,488	35,135
2022-08-09	$36.28	$42.50	73.8%	19.8%	85.5%	8.4%	69.8%	5.9%	3.3%	-798.3K	29.2M	-232.0K	0.78	32.96	N/A	N/A	1,718	1,343	35,445	37,645
2022-08-10	$39.77	$40.00	70.7%	20.3%	92.4%	5.6%	70.5%	5.1%	2.2%	6.5K	311.6K	-261.0K	0.35	30.76	N/A	N/A	1,388	490	35,866	37,826
2022-08-11	$38.81	$40.00	67.9%	19.5%	92.3%	3.1%	68.7%	4.5%	4.9%	-263.4K	8.4M	-252.5K	0.30	28.20	N/A	N/A	823	246	36,275	37,865
2022-08-12	$38.14	$40.00	66.5%	19.1%	88.3%	1.9%	66.0%	4.9%	6.0%	-601.0K	17.2M	-232.6K	0.47	33.65	N/A	N/A	1,067	503	36,433	37,903
2022-08-15	$36.94	$40.00	66.5%	19.1%	88.2%	1.8%	67.8%	5.6%	7.2%	-1.0M	28.8M	-208.5K	3.72	39.11	N/A	N/A	1,413	5,257	37,021	38,001
2022-08-16	$37.34	$40.00	64.7%	18.6%	88.2%	0.2%	65.1%	4.9%	9.4%	-967.3K	25.4M	-208.5K	0.44	40.37	N/A	N/A	1,615	718	36,980	38,440
2022-08-17	$35.23	$40.00	64.9%	18.6%	85.8%	0.4%	67.2%	3.4%	9.5%	-1.6M	38.9M	-187.9K	4.27	43.08	N/A	N/A	853	3,644	37,057	37,938
2022-08-18	$34.25	$40.00	65.2%	18.7%	85.3%	0.6%	67.1%	5.3%	2.6%	-1.8M	38.6M	-175.1K	1.74	36.30	N/A	N/A	1,856	3,221	37,153	35,846
2022-08-19	$33.20	$40.00	64.9%	18.6%	82.0%	0.4%	65.4%	4.9%	6.3%	-234.9K	38.0M	-166.6K	4.47	45.73	N/A	N/A	546	2,441	37,666	34,294
2022-08-22	$32.81	$40.00	67.0%	19.2%	81.8%	2.3%	70.1%	2.9%	5.9%	-243.6K	11.8M	-161.9K	3.33	43.54	N/A	N/A	998	3,322	18,116	14,587
2022-08-23	$33.00	$40.00	67.3%	19.3%	81.8%	2.5%	68.5%	4.7%	5.1%	-308.9K	12.1M	-168.5K	0.45	44.16	N/A	N/A	541	242	18,769	16,706
2022-08-24	$33.99	$37.50	65.3%	18.7%	82.1%	0.8%	66.4%	4.1%	5.2%	-284.0K	9.1M	-176.3K	0.18	53.54	N/A	N/A	897	163	19,132	16,896
2022-08-25	$34.31	$37.50	64.4%	18.5%	82.3%	0.0%	64.1%	4.4%	3.3%	-266.2K	8.2M	-178.6K	0.10	55.22	N/A	N/A	456	45	19,649	16,934
2022-08-26	$32.69	$37.50	66.1%	18.9%	82.8%	1.6%	68.3%	3.3%	3.6%	-318.8K	12.1M	-167.8K	0.09	46.01	N/A	N/A	1,271	116	19,991	16,930
2022-08-29	$32.51	$37.50	69.6%	19.9%	82.1%	4.7%	70.7%	2.1%	1.5%	-324.1K	12.6M	-164.5K	6.55	38.07	N/A	N/A	398	2,605	20,375	16,920
2022-08-30	$32.62	$37.50	68.3%	19.6%	81.2%	3.5%	68.5%	3.1%	2.9%	-426.3K	13.4M	-167.5K	0.28	38.02	N/A	N/A	497	140	20,456	18,251
2022-08-31	$33.29	$37.50	68.0%	19.5%	81.4%	3.3%	65.7%	5.7%	1.9%	-409.4K	11.2M	-169.7K	0.30	52.73	N/A	N/A	2,185	646	20,632	18,247