DOCS Options History — January 2024

In January 2024, DOCS traded between $26.99 and $31.46. ATM implied volatility averaged 57.7%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 23.4% (HV 20d: 34.3%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2024-01-19: Highest Volume — 4,073 contracts
  • 2024-01-10: Largest IV spike — 60.7% change
  • 2024-01-31: Highest IV Rank — 61.5%
  • 2024-01-31: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.03$26.99$31.46$28.48$26.99
Max Pain$23.57$22.50$25.00$25.00$25.00
ATM IV57.7%33.6%83.8%36.3%83.8%
Expected Move17.7%10.4%24.0%10.4%24.0%
HV 20d34.3%26.4%44.1%34.4%43.5%
HV 60d48.1%46.9%50.1%47.8%49.9%
IV Rank32.6%6.0%61.5%8.9%61.5%
IV Percentile57.1%4.8%92.1%15.9%92.1%
Term Structure-10.9%-26.9%18.3%17.4%-26.9%
VWIV62.0%35.1%86.7%35.1%86.7%
Skew 25d3.1%0.7%4.9%1.7%2.8%
Skew 10d6.5%1.7%10.8%2.1%5.5%
Call IV 25d61.1%35.8%85.0%35.8%85.0%
Put IV 25d64.2%37.5%87.8%37.5%87.8%
Bid-Ask Spread %33.3613.8360.7860.7837.32
Gamma HHI0.310.170.680.290.23
Net GEX719.6K391.4K1.7M736.7K401.1K
Net DEX-33.4M-50.8M-19.0M-33.7M-19.0M
Net VEX-174.9K-195.3K-158.6K-170.6K-186.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.032.150.720.55
Total Volume1,643.4765394,0731,3771,412
Total OI40,387.85730,62645,93642,73837,814

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$28.48$25.0036.3%10.4%34.4%8.9%35.1%1.7%17.4%736.7K-33.7M-170.6K0.7260.78N/AN/A80057728,67014,068
2024-01-03$27.26$25.0036.4%10.4%39.0%9.0%38.4%0.7%18.3%638.8K-25.8M-167.9K1.8328.64N/AN/A22941928,95514,387
2024-01-04$27.91$22.5034.3%16.0%37.2%6.8%54.6%2.9%-7.1%683.2K-29.1M-167.9K0.3830.08N/AN/A1,36251428,97914,519
2024-01-05$28.20$22.5033.7%16.0%36.9%6.0%56.0%2.4%-6.9%653.8K-30.7M-166.9K2.1542.08N/AN/A19040828,63514,299
2024-01-08$28.32$22.5033.6%16.2%36.7%6.0%56.3%2.9%-8.1%667.8K-31.4M-163.8K0.2418.78N/AN/A69716928,63814,443
2024-01-09$28.54$22.5035.0%16.3%36.7%7.5%56.1%2.7%-8.4%692.1K-31.9M-163.5K0.1031.56N/AN/A1,15511628,52114,474
2024-01-10$28.38$22.5056.3%16.1%35.6%31.0%55.0%3.2%-8.9%698.1K-30.4M-164.3K0.2134.89N/AN/A1,16824128,69514,508
2024-01-11$29.26$22.5055.2%15.8%36.4%29.9%56.0%3.0%-8.8%882.0K-36.2M-164.3K0.2536.94N/AN/A48112029,16714,533
2024-01-12$29.54$22.5055.3%15.9%36.2%30.0%56.1%3.4%-8.3%969.1K-38.2M-164.3K0.7429.50N/AN/A53139529,30114,605
2024-01-16$29.20$22.5057.6%16.5%26.4%32.5%58.3%4.6%-10.0%981.6K-35.8M-163.2K0.2427.76N/AN/A1,97748129,68214,698
2024-01-17$29.46$22.5060.1%17.2%26.4%35.3%59.7%4.9%-11.4%1.2M-38.2M-158.6K0.2929.36N/AN/A1,88154729,80814,542
2024-01-18$30.02$22.5060.1%17.2%26.7%35.3%60.2%4.0%-10.2%1.7M-44.0M-172.7K0.4036.11N/AN/A1,44157931,09114,845
2024-01-19$30.52$22.5064.9%18.6%26.8%40.6%64.7%2.1%-13.3%391.4K-50.8M-170.4K0.1715.96N/AN/A3,49158231,14614,719
2024-01-22$31.46$22.5066.5%19.1%28.0%42.4%66.5%3.4%-15.8%528.1K-39.9M-179.4K0.5913.83N/AN/A1,7021,00821,4949,132
2024-01-23$31.39$25.0066.0%18.9%27.2%41.8%65.1%4.5%-15.5%573.8K-40.2M-185.1K1.3223.60N/AN/A8991,18522,7129,612
2024-01-24$29.59$25.0069.0%19.8%35.5%45.2%68.6%4.0%-16.5%512.4K-31.1M-194.2K0.1943.80N/AN/A1,38525823,26110,692
2024-01-25$29.63$25.0073.1%21.0%35.5%49.7%71.8%3.5%-18.7%532.5K-32.0M-195.3K0.0341.09N/AN/A1,9885823,88610,703
2024-01-26$29.16$25.0072.5%20.8%36.1%49.1%72.9%2.3%-19.1%597.8K-30.8M-194.6K0.7443.72N/AN/A31022925,20810,729
2024-01-29$29.20$25.0079.3%22.7%36.0%56.6%79.0%1.8%-23.6%595.7K-31.0M-194.6K0.6537.18N/AN/A46630525,44410,932
2024-01-30$27.18$25.0082.8%23.7%44.1%60.4%84.5%3.5%-26.2%459.5K-20.9M-185.5K2.0037.61N/AN/A9201,83725,42911,169
2024-01-31$26.99$25.0083.8%24.0%43.5%61.5%86.7%2.8%-26.9%401.1K-19.0M-186.3K0.5537.32N/AN/A90950325,49612,318