DOCS Options History — March 2023

In March 2023, DOCS traded between $29.03 and $34.42. ATM implied volatility averaged 55.4%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 1.5% (HV 20d: 57.0%). Max pain ranged from $32.50 to $35.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 2.81.

Notable Days

  • 2023-03-10: Highest Volume — 3,866 contracts
  • 2023-03-13: Largest IV spike — 16.7% change
  • 2023-03-13: Highest IV Rank — 20.4%
  • 2023-03-15: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.94$29.03$34.42$33.17$32.25
Max Pain$34.13$32.50$35.00$35.00$32.50
ATM IV55.4%47.5%74.9%53.6%47.5%
Expected Move15.3%13.6%16.8%15.4%13.6%
HV 20d57.0%41.4%76.8%76.8%51.7%
HV 60d56.4%54.4%57.9%55.7%57.9%
IV Rank4.8%0.0%20.4%0.4%0.0%
IV Percentile6.7%0.0%52.4%0.8%0.0%
Term Structure6.1%0.3%10.6%0.3%10.6%
VWIV53.4%48.6%60.9%55.6%48.6%
Skew 25d5.1%1.5%8.4%2.3%5.7%
Skew 10d8.3%0.8%14.0%3.4%7.8%
Call IV 25d51.5%46.3%55.4%53.3%46.3%
Put IV 25d56.6%51.9%62.1%55.7%52.0%
Bid-Ask Spread %46.2818.9565.2928.8157.55
Gamma HHI0.150.110.230.110.16
Net GEX-27.3K-280.8K215.7K101.7K-72.6K
Net DEX-567.8K-9.3M9.8M-5.8M-1.4M
Net VEX-189.3K-209.4K-160.2K-177.1K-209.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.810.1132.911.020.81
Total Volume820.5651513,866341188
Total OI30,322.65225,80435,21128,71729,973

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$33.17$35.0053.6%15.4%76.8%0.4%55.6%2.3%0.3%101.7K-5.8M-177.1K1.0228.81N/AN/A16917217,18711,530
2023-03-02$33.55$35.0052.2%15.0%73.6%0.0%51.7%2.0%1.4%122.9K-6.6M-178.0K0.8051.24N/AN/A22918317,33211,662
2023-03-03$34.42$35.0049.2%14.1%70.9%0.0%50.2%1.5%0.5%215.7K-9.3M-182.5K0.9918.95N/AN/A58758417,48911,743
2023-03-06$34.14$35.0050.5%14.4%70.3%1.0%50.7%4.5%7.3%204.3K-8.3M-181.8K0.6430.72N/AN/A39825317,88812,223
2023-03-07$33.65$35.0053.4%14.7%70.0%3.3%49.6%3.7%7.8%147.2K-6.6M-178.3K0.6838.62N/AN/A17712118,19312,212
2023-03-08$32.88$35.0053.8%14.5%67.4%3.6%49.7%6.1%7.8%56.1K-3.7M-173.9K0.3650.43N/AN/A2519018,36512,261
2023-03-09$31.05$35.0058.1%15.2%68.4%7.0%52.3%3.1%6.9%-92.2K1.4M-165.0K10.1147.76N/AN/A1181,19318,40712,302
2023-03-10$29.03$35.0064.1%16.0%71.3%11.8%56.4%4.8%6.4%-208.1K7.5M-160.2K3.7653.48N/AN/A8123,05418,42513,479
2023-03-13$29.13$35.0074.9%16.4%57.1%20.4%57.4%6.2%6.0%-280.8K9.8M-181.9K0.8650.07N/AN/A80869818,19616,290
2023-03-14$29.55$35.0065.1%15.8%56.4%12.6%55.4%6.8%6.3%-262.6K9.2M-186.7K0.6656.53N/AN/A23215418,62516,586
2023-03-15$30.78$35.0058.5%16.8%58.8%7.3%60.9%8.4%5.2%-172.2K4.4M-193.2K1.7854.77N/AN/A38969318,75116,197
2023-03-16$31.34$35.0053.4%15.3%44.4%3.3%53.4%6.4%6.4%-127.0K2.7M-198.9K2.3860.29N/AN/A7618118,91416,223
2023-03-17$30.77$35.0056.8%16.3%42.7%6.0%56.8%6.9%5.1%-62.5K4.8M-190.5K0.8359.77N/AN/A16513718,95916,215
2023-03-20$30.86$35.0055.7%16.0%41.4%5.2%55.4%5.8%5.5%-64.4K1.4M-192.8K0.3258.50N/AN/A77425012,37213,432
2023-03-21$32.92$35.0051.6%14.8%48.0%1.9%50.8%5.0%7.2%-7.2K-2.7M-199.0K0.1142.38N/AN/A8389113,06713,578
2023-03-22$32.89$32.5054.4%15.6%47.9%4.1%55.1%3.4%5.9%26.3K-3.3M-201.8K1.5665.29N/AN/A50378413,65413,629
2023-03-23$32.88$32.5055.9%16.0%47.8%5.3%55.1%6.5%5.7%9.8K-3.2M-207.1K1.1228.26N/AN/A41246214,01414,268
2023-03-24$32.51$32.5055.0%15.8%47.4%4.6%55.4%4.7%6.4%10.6K-2.6M-204.5K0.3357.09N/AN/A1605314,26514,270
2023-03-27$32.80$32.5052.5%15.1%47.5%2.6%52.3%4.7%8.2%12.3K-3.0M-200.7K1.4832.19N/AN/A619014,38414,301
2023-03-28$31.21$32.5056.1%16.1%49.8%5.5%55.1%8.1%5.6%-66.4K1.1M-197.2K0.7745.43N/AN/A24518814,41114,363
2023-03-29$31.77$32.5050.6%14.5%50.2%1.1%51.2%5.7%9.0%-40.4K-130.0K-196.9K0.3440.89N/AN/A2418314,43114,400
2023-03-30$31.04$32.5052.0%14.9%50.5%2.2%50.1%5.1%8.7%-78.2K1.4M-195.9K32.9135.33N/AN/A451,48114,57914,376
2023-03-31$32.25$32.5047.5%13.6%51.7%0.0%48.6%5.7%10.6%-72.6K-1.4M-209.4K0.8157.55N/AN/A1048414,58815,385