DOCS Options History — September 2023

In September 2023, DOCS traded between $19.88 and $24.37. ATM implied volatility averaged 39.0%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 2.2% (HV 20d: 41.1%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.03.

Notable Days

  • 2023-09-13: Highest Volume — 1,535 contracts
  • 2023-09-13: Largest IV drop — 15.7% change
  • 2023-09-27: Highest IV Rank — 10.1%
  • 2023-09-27: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.66$19.88$24.37$24.37$21.26
Max Pain$23.13$22.50$25.00$22.50$22.50
ATM IV39.0%33.4%43.6%33.4%39.7%
Expected Move11.1%9.6%12.5%9.6%11.4%
HV 20d41.1%26.1%98.3%98.3%32.7%
HV 60d63.3%62.7%63.7%63.0%63.6%
IV Rank5.5%0.0%10.1%0.0%6.3%
IV Percentile9.4%0.0%20.2%0.0%13.5%
Term Structure13.3%2.9%15.3%2.9%14.7%
VWIV38.3%33.5%42.9%33.5%40.4%
Skew 25d3.2%-0.4%7.7%7.7%2.9%
Skew 10d7.2%-14.1%18.9%13.8%-9.5%
Call IV 25d37.5%29.5%41.9%29.5%40.5%
Put IV 25d40.7%37.2%45.8%37.2%43.4%
Bid-Ask Spread %29.5110.2062.3862.3824.66
Gamma HHI0.190.170.230.220.17
Net GEX-58.3K-129.6K31.7K3.5K-56.6K
Net DEX13.0M6.5M16.4M6.5M11.0M
Net VEX-125.2K-155.2K-107.5K-155.2K-126.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.194.420.540.60
Total Volume774.12081,535981495
Total OI38,297.9535,68040,20137,93738,302

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$24.37$22.5033.4%9.6%98.3%0.0%33.5%7.7%2.9%3.5K6.5M-155.2K0.5462.38N/AN/A63834320,56717,370
2023-09-05$24.32$25.0036.3%10.6%97.3%2.9%37.9%2.0%12.7%15.8K6.7M-154.3K0.5716.95N/AN/A35920321,06717,560
2023-09-06$24.09$25.0036.0%10.6%96.7%2.6%38.2%3.0%13.1%22.7K7.7M-149.7K0.4123.85N/AN/A28411721,34217,558
2023-09-07$23.62$25.0038.2%11.1%31.8%4.8%37.6%2.4%12.0%22.5K9.5M-146.7K0.3715.21N/AN/A49418121,58317,660
2023-09-08$22.52$25.0037.0%10.8%35.0%3.6%36.2%3.7%12.7%22.3K13.5M-134.2K0.2361.89N/AN/A72116821,95717,641
2023-09-11$22.84$25.0042.2%10.8%32.8%8.7%37.4%3.8%13.1%31.7K12.5M-133.6K1.8928.23N/AN/A32160822,26317,641
2023-09-12$22.12$22.5042.7%10.5%33.5%9.2%36.9%3.6%13.8%13.7K15.2M-129.2K3.2216.14N/AN/A27789322,36917,832
2023-09-13$21.56$22.5036.0%10.3%34.0%2.5%36.3%1.7%14.2%-69.4K16.4M-119.7K0.7010.20N/AN/A90263322,26817,455
2023-09-14$21.57$22.5035.5%10.2%33.6%2.1%35.8%1.8%14.6%-71.2K15.0M-121.0K0.9454.01N/AN/A37235022,84017,060
2023-09-15$21.23$22.5038.0%10.9%33.5%4.5%36.6%1.9%12.0%-109.8K15.5M-116.4K4.4215.37N/AN/A12756123,01217,026
2023-09-18$20.89$22.5037.8%10.8%33.7%4.3%36.8%3.8%14.6%-115.1K14.8M-113.3K0.4427.51N/AN/A50322219,36716,313
2023-09-19$20.48$22.5038.6%11.1%29.6%5.1%38.2%5.1%14.6%-121.5K15.4M-108.1K2.4210.78N/AN/A40297119,73416,334
2023-09-20$20.38$22.5037.9%10.9%29.5%4.5%36.4%2.9%15.3%-129.6K15.3M-111.2K0.1914.93N/AN/A55510619,80016,606
2023-09-21$20.23$22.5040.1%11.5%26.3%6.6%39.5%4.7%14.9%-113.6K15.2M-113.2K0.9238.36N/AN/A31829320,25216,677
2023-09-22$19.89$22.5039.6%11.3%26.1%6.1%40.8%4.8%14.0%-117.4K15.8M-107.5K0.3136.16N/AN/A92928920,42816,668
2023-09-25$20.29$22.5041.5%11.9%27.7%8.0%41.5%1.6%14.8%-108.9K14.4M-114.5K1.4538.82N/AN/A8512320,86316,894
2023-09-26$19.88$22.5042.8%12.3%27.7%9.3%42.9%2.9%13.7%-110.7K15.3M-109.0K0.3039.69N/AN/A40412220,89616,921
2023-09-27$20.61$22.5043.6%12.5%31.1%10.1%41.0%4.9%13.4%-93.4K13.0M-118.0K0.2729.23N/AN/A40411121,13816,687
2023-09-28$20.98$22.5043.1%12.3%31.9%9.6%41.8%-0.4%14.1%-80.5K12.0M-121.8K0.4525.82N/AN/A41218621,31416,694
2023-09-29$21.26$22.5039.7%11.4%32.7%6.3%40.4%2.9%14.7%-56.6K11.0M-126.7K0.6024.66N/AN/A30918621,60216,700