DOCS Options History — July 2023

In July 2023, DOCS traded between $31.68 and $35.78. ATM implied volatility averaged 55.3%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 21.7% (HV 20d: 33.6%). Max pain ranged from $32.50 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-07-27: Highest Volume — 2,608 contracts
  • 2023-07-12: Largest IV spike — 42.2% change
  • 2023-07-31: Highest IV Rank — 44.6%
  • 2023-07-31: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.28$31.68$35.78$33.06$35.73
Max Pain$32.75$32.50$35.00$35.00$32.50
ATM IV55.3%36.0%79.0%36.0%79.0%
Expected Move16.6%10.3%22.6%10.3%22.6%
HV 20d33.6%28.7%37.9%32.2%37.9%
HV 60d36.0%35.0%37.9%37.9%35.5%
IV Rank21.0%1.8%44.6%1.8%44.6%
IV Percentile32.5%0.8%83.3%0.8%83.3%
Term Structure-7.4%-21.7%12.9%12.9%-21.7%
VWIV57.9%36.3%78.2%36.3%78.2%
Skew 25d3.4%-0.5%4.9%-0.5%1.5%
Skew 10d7.0%-7.3%17.1%-2.8%14.6%
Call IV 25d57.0%36.6%78.7%36.6%78.7%
Put IV 25d60.3%36.1%80.2%36.1%80.2%
Bid-Ask Spread %39.9422.5563.1861.7343.01
Gamma HHI0.220.180.300.190.19
Net GEX635.1K226.2K1.2M478.0K545.1K
Net DEX-18.0M-31.1M-1.7M-10.0M-22.6M
Net VEX-209.7K-226.1K-197.1K-216.3K-204.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.104.280.540.31
Total Volume861.451522,6081521,353
Total OI42,910.637,77645,42543,24339,717

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$33.06$35.0036.0%10.3%32.2%1.8%36.3%-0.5%12.9%478.0K-10.0M-216.3K0.5461.73N/AN/A995325,77317,470
2023-07-05$32.66$35.0038.3%11.0%29.0%4.1%38.6%1.3%12.0%380.8K-7.0M-210.2K0.1063.18N/AN/A1,44514925,78017,496
2023-07-06$31.68$32.5039.2%14.4%30.6%5.0%49.9%2.7%-1.9%226.2K-1.7M-207.0K0.1732.90N/AN/A1,25220726,79017,598
2023-07-07$32.34$32.5037.4%14.5%28.7%3.2%50.1%3.2%-1.9%301.0K-4.9M-211.2K0.1534.56N/AN/A5067626,43017,723
2023-07-10$33.62$32.5039.7%15.3%29.3%5.4%51.9%3.5%-4.0%554.8K-13.7M-214.7K0.1935.22N/AN/A64812526,75717,691
2023-07-11$34.29$32.5036.9%14.9%29.9%2.6%52.2%4.9%-4.6%791.6K-19.1M-219.1K0.4527.67N/AN/A41118327,22817,656
2023-07-12$35.77$32.5052.4%15.0%32.6%18.1%51.3%4.0%-4.1%1.2M-30.8M-226.1K0.2027.10N/AN/A89418327,39517,725
2023-07-13$35.16$32.5052.5%15.1%33.5%18.3%51.9%4.3%-5.0%1.0M-25.9M-218.9K0.4639.95N/AN/A38717827,47917,697
2023-07-14$35.27$32.5054.0%15.5%33.5%19.7%53.4%4.5%-5.8%1.0M-26.9M-220.3K0.3933.07N/AN/A31012027,51317,745
2023-07-17$35.64$32.5056.4%16.2%33.4%22.1%55.6%3.5%-8.0%1.1M-29.8M-214.7K0.1430.27N/AN/A4155927,61217,813
2023-07-18$35.78$32.5056.7%16.3%33.4%22.4%56.2%3.8%-7.9%1.2M-31.1M-210.6K0.1722.55N/AN/A3836627,56117,837
2023-07-19$34.59$32.5059.6%17.1%34.3%25.3%59.6%4.1%-10.0%691.6K-20.8M-208.8K0.7033.38N/AN/A34824427,51717,861
2023-07-20$34.08$32.5060.6%17.4%34.9%26.3%60.6%4.1%-9.6%453.3K-15.3M-203.0K0.4641.16N/AN/A46521627,24317,886
2023-07-21$34.73$32.5062.0%17.8%35.0%27.6%61.7%4.1%-10.9%428.6K-18.6M-202.7K0.2439.45N/AN/A1,18428827,16817,926
2023-07-24$33.87$32.5063.4%18.2%36.4%29.0%65.1%4.4%-12.0%448.7K-14.6M-197.1K1.0240.60N/AN/A46547522,57015,206
2023-07-25$33.41$32.5068.0%19.5%36.8%33.7%67.8%3.9%-13.5%382.8K-12.0M-198.1K0.6047.90N/AN/A39924022,59815,483
2023-07-26$34.26$32.5068.1%19.5%37.7%33.8%68.5%4.2%-14.8%467.8K-16.5M-201.2K0.2850.19N/AN/A2687422,68515,660
2023-07-27$34.22$32.5071.9%20.6%36.1%37.5%74.4%2.7%-17.9%452.7K-16.8M-200.9K4.2846.02N/AN/A4942,11422,65115,708
2023-07-28$35.46$32.5074.6%21.4%37.9%40.2%73.6%2.9%-18.9%531.3K-21.8M-207.9K1.7348.93N/AN/A16628722,85216,712
2023-07-31$35.73$32.5079.0%22.6%37.9%44.6%78.2%1.5%-21.7%545.1K-22.6M-204.6K0.3143.01N/AN/A1,03431922,85016,867