DOCS Options History — December 2023

In December 2023, DOCS traded between $23.80 and $28.44. ATM implied volatility averaged 35.3%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 11.6% (HV 20d: 46.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.79.

Notable Days

  • 2023-12-14: Highest Volume — 4,838 contracts
  • 2023-12-11: Largest IV spike — 24.4% change
  • 2023-12-11: Highest IV Rank — 16.6%
  • 2023-12-22: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.09$23.80$28.44$24.32$27.98
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV35.3%31.3%43.2%31.3%33.5%
Expected Move9.9%9.0%10.3%9.0%9.6%
HV 20d46.9%32.0%66.8%66.8%36.4%
HV 60d47.2%45.9%48.4%47.5%47.7%
IV Rank7.9%3.4%16.6%3.4%5.8%
IV Percentile9.1%2.0%30.6%2.0%4.4%
Term Structure14.5%0.3%18.9%0.3%18.9%
VWIV35.0%31.4%36.9%31.4%33.6%
Skew 25d0.7%-1.8%5.5%5.5%1.2%
Skew 10d2.4%-8.3%11.7%11.7%9.7%
Call IV 25d35.0%28.0%38.0%28.0%33.2%
Put IV 25d35.7%33.5%37.5%33.5%34.4%
Bid-Ask Spread %50.3611.0984.0635.4039.43
Gamma HHI0.300.260.410.270.27
Net GEX582.7K328.0K820.5K335.6K695.2K
Net DEX-22.3M-33.8M-9.6M-11.7M-30.4M
Net VEX-173.2K-182.9K-165.0K-171.3K-172.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.034.390.401.74
Total Volume1,254.32214,838655705
Total OI41,776.6539,75243,33139,75242,647

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$24.32$25.0031.3%9.0%66.8%3.4%31.4%5.5%0.3%335.6K-11.7M-171.3K0.4035.40N/AN/A46918626,13013,622
2023-12-04$24.52$25.0035.6%9.5%65.4%8.2%33.8%1.4%13.1%399.4K-13.6M-171.1K0.0682.22N/AN/A8705426,41613,671
2023-12-05$23.80$25.0033.8%10.0%65.5%6.1%35.1%1.0%12.5%328.0K-9.6M-167.0K0.8884.06N/AN/A34430226,98313,699
2023-12-06$24.30$25.0036.5%10.0%65.7%9.1%34.7%1.8%14.0%408.5K-12.5M-171.3K0.2480.59N/AN/A65315827,06213,785
2023-12-07$24.21$25.0037.9%9.7%65.6%10.7%34.0%1.3%14.4%448.9K-12.2M-170.1K0.9017.76N/AN/A18416627,45113,675
2023-12-08$24.44$25.0034.7%9.8%63.9%7.2%34.6%0.8%14.2%512.1K-13.5M-170.8K1.1481.64N/AN/A16118427,50913,807
2023-12-11$23.96$25.0043.2%10.1%36.7%16.6%36.9%0.0%13.9%425.8K-10.6M-165.6K0.0913.30N/AN/A1,73915227,54513,805
2023-12-12$24.09$25.0033.2%9.9%36.4%5.5%34.5%0.1%15.0%495.7K-11.3M-165.0K0.5430.90N/AN/A62233428,70913,790
2023-12-13$24.54$25.0034.2%9.8%32.0%6.6%34.2%1.1%15.2%632.2K-13.3M-166.3K0.4782.31N/AN/A59128028,58613,868
2023-12-14$26.52$25.0035.8%10.3%42.6%8.3%36.2%-0.3%14.1%640.3K-28.4M-172.8K0.0711.09N/AN/A4,50333528,64913,740
2023-12-15$26.55$25.0036.0%10.3%42.6%8.6%36.6%-1.6%14.8%508.1K-29.4M-175.2K0.1077.89N/AN/A2,27723529,38213,928
2023-12-18$26.94$25.0035.3%10.1%41.3%7.8%35.3%-1.8%14.9%607.0K-26.4M-176.6K0.9075.90N/AN/A55850127,37512,928
2023-12-19$27.34$25.0035.2%10.1%41.1%7.7%36.0%-1.0%15.3%609.6K-28.3M-177.4K0.6079.37N/AN/A1,8541,11327,48613,144
2023-12-20$27.31$25.0035.8%10.3%40.5%8.4%35.9%-1.0%14.9%726.6K-29.2M-179.0K0.2818.08N/AN/A1,31136628,83113,231
2023-12-21$28.06$25.0035.0%10.0%41.0%7.5%35.2%0.1%16.2%820.5K-33.8M-181.6K1.2919.72N/AN/A39150629,37513,410
2023-12-22$27.98$25.0036.0%10.3%41.1%8.7%36.3%2.3%14.6%783.2K-32.1M-182.9K4.3963.68N/AN/A14262329,50213,829
2023-12-26$28.24$25.0035.7%10.2%38.2%8.2%35.9%1.3%16.5%772.2K-33.2M-176.8K0.0322.58N/AN/A9483128,90613,731
2023-12-27$28.24$25.0034.6%9.9%38.2%7.0%34.9%1.1%18.0%790.6K-33.3M-176.1K0.8158.83N/AN/A56345428,93613,742
2023-12-28$28.44$25.0033.4%9.6%37.7%5.7%34.2%-0.1%18.7%715.0K-33.2M-175.0K0.8432.45N/AN/A12010128,60214,046
2023-12-29$27.98$25.0033.5%9.6%36.4%5.8%33.6%1.2%18.9%695.2K-30.4M-172.8K1.7439.43N/AN/A25744828,62214,025