DOCS Options History — May 2023

In May 2023, DOCS traded between $30.59 and $35.81. ATM implied volatility averaged 63.9%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 26.8% (HV 20d: 37.1%). Max pain ranged from $32.50 to $37.50. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.32.

Notable Days

  • 2023-05-16: Highest Volume — 7,192 contracts
  • 2023-05-10: Largest IV drop — 31.5% change
  • 2023-05-09: Highest IV Rank — 36.7%
  • 2023-05-03: Largest Expected Move — 22.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.91$30.59$35.81$35.81$30.59
Max Pain$34.55$32.50$37.50$35.00$32.50
ATM IV63.9%45.6%94.4%76.5%49.7%
Expected Move17.2%13.1%22.9%21.9%14.3%
HV 20d37.1%32.2%43.6%43.3%33.4%
HV 60d47.2%41.5%56.1%56.1%43.5%
IV Rank15.0%0.0%36.7%22.8%4.6%
IV Percentile33.1%0.0%89.3%63.9%5.6%
Term Structure-5.9%-16.8%1.5%-13.8%-4.5%
VWIV59.4%43.9%79.5%77.6%47.1%
Skew 25d7.4%4.8%10.0%9.6%5.5%
Skew 10d11.3%-4.5%22.5%16.8%-0.8%
Call IV 25d56.8%41.3%78.3%71.9%47.0%
Put IV 25d64.2%48.6%85.8%81.5%52.4%
Bid-Ask Spread %34.3420.5456.0224.4538.80
Gamma HHI0.180.110.300.110.28
Net GEX139.9K-548.7K446.2K240.2K374.2K
Net DEX-4.2M-12.0M5.7M-12.0M-867.7K
Net VEX-203.7K-225.3K-179.5K-225.1K-192.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.156.920.550.21
Total Volume1,599.54257,192598448
Total OI35,667.09132,18441,91333,41535,336

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$35.81$35.0076.5%21.9%43.3%22.8%77.6%9.6%-13.8%240.2K-12.0M-225.1K0.5524.45N/AN/A38521317,57615,839
2023-05-02$35.33$35.0078.7%22.6%42.5%24.5%78.7%7.9%-13.7%215.1K-11.0M-225.3K1.4146.86N/AN/A17624917,84315,975
2023-05-03$34.58$35.0079.9%22.9%43.6%25.4%79.5%7.5%-16.8%165.6K-8.3M-223.4K3.2846.28N/AN/A23878017,96016,170
2023-05-04$34.05$37.5084.1%19.2%43.2%28.7%67.7%10.0%-5.1%121.5K-6.3M-222.0K2.5029.16N/AN/A22456118,06016,958
2023-05-05$34.11$37.5081.5%18.5%41.1%26.7%66.9%9.5%-4.8%109.0K-6.3M-220.4K0.9535.15N/AN/A23822618,16317,260
2023-05-08$34.29$37.5088.9%18.7%39.7%32.5%65.2%9.1%-5.4%127.0K-6.8M-217.6K0.7025.11N/AN/A27519218,26117,368
2023-05-09$33.40$35.0094.4%18.9%34.6%36.7%66.0%9.1%-4.0%48.1K-3.5M-210.7K6.9230.90N/AN/A1681,16218,31717,383
2023-05-10$33.81$35.0064.6%18.5%33.1%13.4%63.9%8.1%-6.1%86.5K-5.0M-208.3K0.8724.29N/AN/A28524818,37216,942
2023-05-11$33.14$35.0066.9%19.2%33.1%16.8%64.7%7.7%-6.5%30.8K-2.6M-203.4K1.1321.53N/AN/A44750618,47116,981
2023-05-12$33.09$35.0067.6%19.4%32.6%23.1%66.1%8.2%-6.4%37.1K-2.7M-202.8K2.6226.66N/AN/A19651418,66117,167
2023-05-15$34.14$35.0067.7%19.4%34.0%23.2%68.0%7.7%-7.6%129.2K-6.5M-203.0K0.6722.62N/AN/A70347318,74417,376
2023-05-16$33.84$35.0070.9%20.3%32.2%26.9%70.7%9.0%-9.4%133.3K-6.0M-204.5K0.4645.56N/AN/A4,9202,27218,91717,407
2023-05-17$32.06$35.0049.6%14.2%36.7%2.5%49.5%6.9%1.5%-548.7K4.7M-181.4K1.1856.02N/AN/A2,2132,62022,95318,492
2023-05-18$33.20$35.0045.9%13.2%39.4%0.0%43.9%7.3%0.5%-428.6K-2.6M-182.6K0.8829.67N/AN/A96084723,13918,240
2023-05-19$31.86$35.0045.6%13.1%40.8%0.0%45.9%5.8%-2.7%-92.9K5.7M-179.5K0.1532.41N/AN/A5,61784323,59418,319
2023-05-22$31.68$32.5047.4%13.6%40.4%2.0%47.3%5.3%-3.4%404.5K-6.9M-195.2K0.2741.79N/AN/A85622918,73013,454
2023-05-23$31.23$32.5049.6%14.2%36.5%4.5%47.2%5.7%-5.8%394.0K-4.5M-193.9K1.2046.12N/AN/A69883619,20313,531
2023-05-24$31.01$32.5049.8%14.3%34.7%4.7%47.9%4.8%-3.9%366.2K-3.6M-197.5K0.4337.00N/AN/A1,13048319,48214,077
2023-05-25$31.26$32.5046.9%13.4%34.2%1.4%46.7%7.1%-3.9%446.2K-4.3M-201.1K1.5235.69N/AN/A17025820,04314,317
2023-05-26$30.82$32.5048.2%13.8%33.7%3.0%48.0%6.4%-2.6%361.0K-2.5M-197.3K0.6638.85N/AN/A27618120,09814,479
2023-05-30$30.65$32.5051.6%14.8%33.4%6.7%48.2%5.3%-6.0%359.2K-1.5M-193.2K0.5520.54N/AN/A56231120,40214,616
2023-05-31$30.59$32.5049.7%14.3%33.4%4.6%47.1%5.5%-4.5%374.2K-867.7K-192.2K0.2138.80N/AN/A3717720,59314,743