DOCS Options History — November 2023

In November 2023, DOCS traded between $20.30 and $25.37. ATM implied volatility averaged 52.7%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 4.3% (HV 20d: 57.0%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.20.

Notable Days

  • 2023-11-10: Highest Volume — 8,315 contracts
  • 2023-11-10: Largest IV drop — 46.2% change
  • 2023-11-07: Highest IV Rank — 84.1%
  • 2023-11-01: Largest Expected Move — 26.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.26$20.30$25.37$20.30$23.30
Max Pain$23.81$22.50$25.00$22.50$25.00
ATM IV52.7%28.2%118.5%91.0%33.7%
Expected Move13.0%8.1%26.1%26.1%9.7%
HV 20d57.0%34.0%68.4%34.0%66.1%
HV 60d43.1%32.8%61.6%61.6%46.8%
IV Rank21.1%0.0%84.1%57.0%6.1%
IV Percentile31.9%0.0%99.2%94.4%3.2%
Term Structure-4.1%-24.6%2.7%-24.6%0.1%
VWIV45.2%26.4%90.9%90.9%26.4%
Skew 25d3.4%-1.0%7.8%7.6%-1.0%
Skew 10d8.6%-0.8%16.8%15.7%-0.8%
Call IV 25d44.3%25.9%87.2%87.2%35.5%
Put IV 25d47.7%30.7%94.8%94.8%34.4%
Bid-Ask Spread %35.8013.3752.7248.7331.31
Gamma HHI0.270.160.500.180.26
Net GEX164.6K-27.3K526.3K-27.3K187.0K
Net DEX665.0K-13.8M12.4M12.4M169.6K
Net VEX-144.4K-175.0K-112.5K-112.5K-163.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.200.1023.902.1710.39
Total Volume2,109.0483678,3158972,665
Total OI42,98239,25649,67340,01042,505

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$20.30$22.5091.0%26.1%34.0%57.0%90.9%7.6%-24.6%-27.3K12.4M-112.5K2.1748.73N/AN/A28361423,20316,807
2023-11-02$20.95$22.5089.0%18.2%36.0%54.9%61.8%5.1%-7.3%-15.0K10.9M-117.7K0.9413.37N/AN/A57153423,40617,120
2023-11-03$21.89$22.5092.7%17.7%38.4%58.6%62.2%4.1%-8.5%5.1K8.0M-128.5K0.6729.74N/AN/A42928923,60917,428
2023-11-06$21.27$22.50115.4%19.9%39.7%81.0%69.0%6.2%-12.1%-2.2K9.9M-120.2K2.3619.62N/AN/A26662923,80417,541
2023-11-07$21.30$22.50118.5%19.4%38.4%84.1%70.7%5.5%-11.3%-9.3K10.1M-120.1K0.4825.88N/AN/A39719123,91117,914
2023-11-08$21.11$22.5071.1%20.4%38.4%37.2%70.3%3.2%-12.2%-8.6K10.0M-119.2K0.8432.95N/AN/A63653224,07518,001
2023-11-09$20.44$22.5072.4%20.8%38.7%38.5%71.6%3.8%-12.9%-25.5K12.0M-115.5K0.7742.54N/AN/A2,7282,09924,52918,244
2023-11-10$23.76$22.5039.0%11.2%66.8%6.6%39.9%3.5%-0.4%205.8K384.6K-135.7K0.2929.50N/AN/A6,4221,89326,01219,432
2023-11-13$24.05$22.5036.0%10.3%66.0%3.0%36.4%1.5%1.1%258.9K-1.5M-129.0K0.4052.72N/AN/A1,34654225,60218,862
2023-11-14$25.30$22.5034.5%9.9%68.0%1.3%34.7%3.8%0.6%420.9K-9.6M-133.5K0.2147.66N/AN/A2,76859526,13219,127
2023-11-15$25.37$25.0033.9%9.7%67.1%0.6%33.3%2.5%-0.1%444.4K-10.9M-138.4K0.2249.60N/AN/A2,75559426,99719,573
2023-11-16$25.34$25.0033.8%9.7%67.0%0.5%33.9%1.6%0.6%526.3K-13.8M-160.9K0.3650.87N/AN/A64223429,23420,016
2023-11-17$24.66$25.0032.0%9.2%68.1%0.0%31.3%2.0%0.4%56.4K-5.1M-151.0K0.1040.75N/AN/A1,93318829,54520,128
2023-11-20$24.38$25.0030.8%8.8%68.4%0.0%31.0%2.6%2.7%110.8K-1.9M-162.0K0.4425.06N/AN/A2,08392023,17516,081
2023-11-21$24.05$25.0030.0%8.6%68.4%0.0%30.4%7.8%-0.1%213.6K-1.8M-171.2K0.1938.92N/AN/A64111924,85816,546
2023-11-22$24.48$25.0028.2%8.1%66.3%0.0%28.4%1.9%1.4%201.7K-3.0M-170.5K0.7726.36N/AN/A61247424,48616,568
2023-11-24$24.64$25.0028.3%8.1%64.6%0.1%30.2%0.7%0.9%229.1K-4.7M-175.0K0.3843.32N/AN/A26510224,93816,771
2023-11-27$23.80$25.0030.4%8.7%65.9%2.4%31.2%2.6%-1.4%190.2K-475.7K-165.3K0.1527.81N/AN/A84712825,13516,915
2023-11-28$24.16$25.0032.6%9.3%66.0%4.9%32.9%5.4%-1.2%245.2K-4.0M-172.7K0.1625.56N/AN/A5749325,76216,348
2023-11-29$23.96$25.0033.9%9.7%65.0%6.3%33.2%2.1%-2.3%248.9K-3.0M-170.0K23.9049.50N/AN/A1874,47025,91516,367
2023-11-30$23.30$25.0033.7%9.7%66.1%6.1%26.4%-1.0%0.1%187.0K169.6K-163.2K10.3931.31N/AN/A2342,43126,06116,444