DOCS Options History — January 2023

In January 2023, DOCS traded between $30.63 and $35.24. ATM implied volatility averaged 69.8%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 20.8%. IV traded above realized volatility by 29.0% (HV 20d: 40.8%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.62.

Notable Days

  • 2023-01-27: Highest Volume — 3,409 contracts
  • 2023-01-11: Largest IV spike — 23.3% change
  • 2023-01-31: Highest IV Rank — 21.3%
  • 2023-01-31: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.72$30.63$35.24$33.07$35.17
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV69.8%58.9%81.9%63.5%81.9%
Expected Move20.8%17.5%23.5%18.2%23.5%
HV 20d40.8%36.2%44.5%44.1%41.4%
HV 60d81.9%79.6%85.3%85.0%80.2%
IV Rank11.0%1.8%21.3%5.7%21.3%
IV Percentile30.4%1.6%61.9%6.7%61.9%
Term Structure-6.4%-18.4%16.7%14.3%-18.4%
VWIV72.1%58.2%83.5%61.7%83.5%
Skew 25d7.2%3.8%9.9%6.0%6.3%
Skew 10d12.9%3.7%16.9%5.6%14.2%
Call IV 25d69.3%57.1%78.9%59.9%78.9%
Put IV 25d76.6%60.9%85.2%65.9%85.2%
Bid-Ask Spread %42.6224.2067.6762.0525.31
Gamma HHI0.150.120.200.130.19
Net GEX198.6K-55.1K490.2K184.1K451.4K
Net DEX-8.1M-17.2M-1.0M-9.7M-16.4M
Net VEX-135.1K-149.9K-124.0K-147.8K-148.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.093.430.360.73
Total Volume1,332.552813,409281599
Total OI31,420.1523,45535,20831,96830,659

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$33.07$35.0063.5%18.2%44.1%5.7%61.7%6.0%14.3%184.1K-9.7M-147.8K0.3662.05N/AN/A2067520,17111,797
2023-01-04$33.56$35.0061.1%17.5%44.5%3.7%58.2%3.8%16.7%213.7K-10.9M-145.5K0.2067.67N/AN/A72714620,12511,801
2023-01-05$32.09$35.0059.1%21.1%43.8%2.0%71.9%9.7%-5.5%116.2K-5.6M-137.6K0.3854.26N/AN/A52420020,35811,874
2023-01-06$30.82$35.0058.9%21.3%42.6%1.8%74.7%8.3%-4.3%12.6K-1.1M-129.7K0.6449.29N/AN/A1,06668120,45911,957
2023-01-09$30.63$35.0063.3%21.7%41.5%5.5%74.7%7.8%-6.2%8.3K-1.0M-129.7K0.1746.71N/AN/A71112220,63712,263
2023-01-10$31.30$35.0059.3%21.1%42.8%2.1%73.1%7.9%-5.8%59.6K-3.1M-131.8K0.1031.86N/AN/A6406120,99812,285
2023-01-11$32.20$35.0073.1%21.0%44.2%13.8%72.3%8.1%-5.0%172.2K-6.6M-135.5K1.3825.22N/AN/A17724421,47912,304
2023-01-12$33.00$35.0072.4%20.7%41.2%13.2%71.3%8.2%-5.5%247.0K-9.7M-137.1K0.3543.60N/AN/A41114521,45312,434
2023-01-13$32.66$35.0072.2%20.7%41.0%13.0%70.1%6.6%-6.6%223.5K-8.3M-133.6K0.3140.35N/AN/A36411221,56212,382
2023-01-17$32.11$35.0072.2%20.7%40.2%13.1%69.5%9.9%-7.4%132.3K-5.4M-124.6K0.0951.18N/AN/A2,35520621,61912,391
2023-01-18$31.95$35.0072.2%20.7%40.1%13.1%71.2%7.9%-8.3%99.0K-5.2M-124.0K0.3944.97N/AN/A59723122,15312,501
2023-01-19$31.71$35.0072.0%20.7%37.8%12.9%72.8%8.3%-6.6%64.7K-4.7M-124.3K0.6248.73N/AN/A37823622,52112,509
2023-01-20$32.20$35.0071.0%20.4%36.2%12.1%71.0%4.8%-8.7%-55.1K-5.3M-124.4K0.3239.83N/AN/A2,12467822,59912,609
2023-01-23$33.45$35.0070.4%20.2%38.2%11.6%69.6%5.9%-7.9%307.3K-11.2M-129.9K0.5644.90N/AN/A1,8301,01715,9677,488
2023-01-24$32.73$35.0072.2%20.7%38.3%13.1%71.8%6.1%-10.5%277.4K-9.0M-130.7K0.4448.31N/AN/A81735717,0768,167
2023-01-25$32.83$35.0074.0%21.2%37.9%14.5%74.5%6.6%-10.7%295.4K-9.0M-131.3K1.2634.16N/AN/A1,4181,78917,5688,385
2023-01-26$33.24$35.0073.1%21.0%37.6%13.9%71.0%6.7%-12.1%292.8K-9.2M-139.7K0.2924.20N/AN/A82823918,3819,967
2023-01-27$35.24$35.0074.3%21.3%42.1%14.8%79.5%9.1%-12.1%490.2K-17.2M-149.9K3.4341.46N/AN/A7692,64018,84610,043
2023-01-30$34.46$35.0079.9%22.9%41.3%19.5%80.0%6.7%-16.3%378.9K-13.6M-146.9K0.4028.36N/AN/A66726419,26911,346
2023-01-31$35.17$35.0081.9%23.5%41.4%21.3%83.5%6.3%-18.4%451.4K-16.4M-148.3K0.7325.31N/AN/A34725219,26611,393