DOCS Options History — February 2023

In February 2023, DOCS traded between $32.15 and $39.44. ATM implied volatility averaged 67.6%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 1.4% (HV 20d: 66.2%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-02-15: Highest Volume — 7,010 contracts
  • 2023-02-08: Largest IV drop — 32.3% change
  • 2023-02-07: Highest IV Rank — 44.9%
  • 2023-02-01: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.14$32.15$39.44$37.28$33.56
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV67.6%53.2%109.8%81.2%53.5%
Expected Move17.6%15.2%23.3%23.3%15.3%
HV 20d66.2%45.3%81.1%45.4%77.2%
HV 60d63.5%52.5%81.1%80.9%56.0%
IV Rank10.7%0.0%44.9%20.7%0.3%
IV Percentile25.8%0.0%91.3%60.3%0.4%
Term Structure-2.3%-19.1%5.8%-19.1%1.4%
VWIV62.0%53.6%78.8%78.8%53.6%
Skew 25d3.4%-0.8%7.7%7.7%1.7%
Skew 10d5.2%-6.7%14.4%14.4%2.3%
Call IV 25d60.6%52.7%77.3%77.3%53.2%
Put IV 25d64.1%54.8%85.0%85.0%54.8%
Bid-Ask Spread %33.9119.8146.2843.7730.99
Gamma HHI0.170.110.410.190.11
Net GEX423.8K-120.0K1.4M609.0K112.5K
Net DEX-15.5M-37.8M2.0M-25.3M-6.7M
Net VEX-166.4K-184.9K-138.5K-153.2K-177.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.043.060.180.21
Total Volume2,325.6844117,0101,000813
Total OI35,100.52623,68046,63330,88828,118

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$37.28$35.0081.2%23.3%45.4%20.7%78.8%7.7%-19.1%609.0K-25.3M-153.2K0.1843.77N/AN/A84915119,38711,501
2023-02-02$39.44$35.0083.9%18.5%48.8%22.9%65.1%7.0%-3.3%733.1K-35.6M-162.3K0.7519.81N/AN/A2,0931,57419,87811,705
2023-02-03$38.17$35.0090.0%19.1%47.2%28.1%64.4%5.7%-5.1%695.7K-30.1M-176.3K0.0432.75N/AN/A2,70410721,26612,950
2023-02-06$37.27$35.00102.4%19.8%45.3%38.6%71.0%5.5%-6.6%745.0K-27.8M-177.6K0.3127.19N/AN/A1,57549323,60112,959
2023-02-07$39.09$35.00109.8%20.3%46.8%44.9%70.7%4.9%-7.8%904.9K-37.8M-184.9K1.1830.91N/AN/A67179424,33813,380
2023-02-08$37.34$35.0074.4%21.3%50.9%14.9%74.1%5.5%-9.6%750.7K-28.7M-181.6K0.6025.13N/AN/A1,64799524,65613,756
2023-02-09$36.46$35.0075.1%21.5%51.6%15.5%74.9%5.8%-9.6%638.9K-24.1M-177.7K0.7529.14N/AN/A1,6091,20424,64214,319
2023-02-10$32.15$35.0058.2%16.7%69.2%1.3%64.7%-0.8%2.2%-120.0K2.0M-139.5K0.5937.12N/AN/A3,9572,33525,82115,003
2023-02-13$33.00$35.0056.6%16.2%69.7%0.0%58.8%2.1%4.2%67.1K-2.3M-139.4K0.2638.80N/AN/A1,89449326,31515,234
2023-02-14$32.96$35.0053.2%15.2%69.4%0.0%55.1%1.1%5.8%-39.4K-3.0M-138.5K0.3246.28N/AN/A1,28541026,89915,180
2023-02-15$36.53$35.0056.8%16.3%78.1%2.9%57.2%2.4%2.7%1.4M-22.7M-156.3K0.5038.98N/AN/A4,6722,33827,36015,413
2023-02-16$35.01$35.0055.7%16.0%80.0%2.0%56.0%1.3%1.0%672.4K-13.4M-170.0K1.1035.67N/AN/A54159429,30516,894
2023-02-17$33.80$35.0054.7%15.7%81.1%1.3%56.5%2.3%0.4%215.8K-6.4M-163.8K0.5723.91N/AN/A1,7901,02729,34717,286
2023-02-21$33.41$35.0058.0%16.6%80.1%3.9%55.9%3.3%-1.3%210.4K-8.6M-165.2K1.2744.16N/AN/A66384315,4098,271
2023-02-22$33.16$35.0056.0%16.1%79.7%2.3%57.1%2.2%-0.1%186.7K-7.4M-169.4K3.0644.65N/AN/A4251,30015,7699,089
2023-02-23$33.50$35.0055.7%16.0%79.8%2.0%55.1%5.5%-0.0%156.5K-7.5M-175.5K1.9523.88N/AN/A49596516,06110,333
2023-02-24$32.84$35.0054.5%15.6%80.0%1.1%55.1%1.7%0.4%80.9K-5.0M-177.6K0.2839.13N/AN/A36710416,37511,242
2023-02-27$32.78$35.0054.4%15.6%76.9%1.0%54.8%0.7%1.4%71.6K-4.8M-174.9K1.3832.10N/AN/A17323816,55311,295
2023-02-28$33.56$35.0053.5%15.3%77.2%0.3%53.6%1.7%1.4%112.5K-6.7M-177.9K0.2130.99N/AN/A67413916,65011,468