DOCS Options History — August 2023

In August 2023, DOCS traded between $22.05 and $34.86. ATM implied volatility averaged 53.1%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded below realized volatility by 28.5% (HV 20d: 81.6%). Max pain ranged from $22.50 to $35.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.11.

Notable Days

  • 2023-08-09: Highest Volume — 21,471 contracts
  • 2023-08-09: Largest IV drop — 54.7% change
  • 2023-08-08: Highest IV Rank — 68.8%
  • 2023-08-02: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.21$22.05$34.86$34.86$23.98
Max Pain$27.50$22.50$35.00$32.50$22.50
ATM IV53.1%34.6%103.3%79.4%35.0%
Expected Move13.7%9.9%23.5%22.8%10.0%
HV 20d81.6%35.3%98.8%37.5%98.0%
HV 60d57.0%35.8%65.2%35.8%63.3%
IV Rank18.8%0.4%68.8%45.0%0.8%
IV Percentile28.1%0.4%97.2%83.7%0.8%
Term Structure0.6%-24.0%11.7%-22.2%2.1%
VWIV47.6%34.0%83.1%79.2%34.0%
Skew 25d4.3%-0.5%9.0%3.4%4.7%
Skew 10d7.2%-15.8%24.8%7.4%12.6%
Call IV 25d46.3%29.5%81.6%78.9%33.2%
Put IV 25d50.6%37.9%86.1%82.3%37.9%
Bid-Ask Spread %40.087.8676.5241.6276.52
Gamma HHI0.250.160.610.180.23
Net GEX-179.0K-1.5M459.0K459.0K-8.3K
Net DEX14.1M-17.7M44.9M-17.7M7.8M
Net VEX-154.3K-209.7K-122.0K-202.4K-153.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.176.880.580.79
Total Volume2,516.8741521,471415486
Total OI44,005.21732,93757,37739,80637,687

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$34.86$32.5079.4%22.8%37.5%45.0%79.2%3.4%-22.2%459.0K-17.7M-202.4K0.5841.62N/AN/A26215322,79517,011
2023-08-02$34.03$32.5081.9%23.5%38.3%47.5%83.1%4.4%-24.0%358.2K-13.9M-198.0K1.1548.54N/AN/A22325722,91317,043
2023-08-03$33.31$35.0085.0%17.1%37.4%50.6%59.4%3.6%-4.3%272.4K-10.0M-195.5K6.8855.68N/AN/A5964,10222,96917,115
2023-08-04$33.64$35.0087.7%17.3%36.9%53.3%59.5%1.4%-4.2%106.5K-8.7M-199.4K0.5149.83N/AN/A32216422,96120,903
2023-08-07$34.46$35.0092.8%17.2%35.3%58.3%60.9%5.2%-6.5%236.0K-12.3M-197.2K0.9251.39N/AN/A1,9731,80723,11620,972
2023-08-08$32.94$35.00103.3%18.4%38.2%68.8%62.9%6.2%-7.2%54.6K-4.2M-209.7K1.5163.46N/AN/A1,0891,64024,27022,721
2023-08-09$25.38$35.0046.8%13.4%97.3%12.6%45.5%7.7%6.0%-729.1K38.8M-124.5K2.2965.57N/AN/A6,53614,93524,67523,518
2023-08-10$24.87$32.5042.3%12.1%97.3%8.1%41.7%6.0%8.8%-1.5M36.0M-145.5K0.5254.01N/AN/A2,3791,23927,67627,918
2023-08-11$23.86$30.0042.1%12.1%97.3%7.9%44.3%4.3%10.5%-1.2M42.1M-135.5K1.299.28N/AN/A1,2401,59428,32428,360
2023-08-14$23.26$30.0044.4%12.7%96.7%10.1%43.2%5.8%10.4%-766.3K44.9M-127.0K1.3835.27N/AN/A1,0781,48528,36528,845
2023-08-15$22.81$25.0043.2%12.4%96.3%9.0%42.8%2.5%11.0%-431.7K42.5M-125.9K1.0628.46N/AN/A83388728,96127,687
2023-08-16$22.44$25.0042.2%12.1%96.2%8.0%42.6%4.8%11.7%-247.7K42.8M-122.0K0.8214.40N/AN/A1,05086229,61527,762
2023-08-17$22.05$25.0041.4%11.9%96.2%7.2%42.4%3.4%2.8%-201.0K29.4M-122.0K0.8525.35N/AN/A1,1801,00529,83522,109
2023-08-18$22.23$22.5042.8%12.3%95.6%8.6%43.0%4.6%2.4%-138.0K29.7M-126.7K0.6618.29N/AN/A83354930,17822,815
2023-08-21$23.18$22.5040.5%11.6%98.3%6.2%40.6%3.7%2.4%-129.0K12.0M-136.7K0.1719.91N/AN/A1,50725416,84316,094
2023-08-22$23.23$22.5040.5%11.6%98.6%6.3%40.3%2.9%2.5%-59.1K10.9M-140.9K1.1751.82N/AN/A50959418,08616,213
2023-08-23$23.91$22.5039.6%11.3%98.8%5.3%40.2%2.9%1.1%-45.5K8.5M-148.8K0.2027.45N/AN/A4709218,44416,533
2023-08-24$23.41$22.5040.7%11.7%98.6%6.4%40.9%1.9%1.6%-50.3K10.1M-143.8K0.3625.47N/AN/A43315718,54616,550
2023-08-25$23.49$22.5039.6%11.4%96.9%5.4%38.2%4.2%1.6%-51.5K10.2M-143.2K0.637.86N/AN/A35622618,78616,668
2023-08-28$23.59$22.5040.3%11.6%96.8%6.1%39.6%-0.5%1.2%-43.6K9.8M-144.9K0.3111.49N/AN/A85626619,10316,784
2023-08-29$23.91$22.5035.4%10.1%97.5%1.2%36.0%5.8%1.9%-27.5K8.3M-150.7K0.6464.44N/AN/A55935619,85916,997
2023-08-30$24.10$22.5034.6%9.9%97.9%0.4%34.8%9.0%3.4%-14.3K7.4M-154.0K0.9075.82N/AN/A26023420,25917,236
2023-08-31$23.98$22.5035.0%10.0%98.0%0.8%34.0%4.7%2.1%-8.3K7.8M-153.9K0.7976.52N/AN/A27121520,37517,312