DOCS Options History — March 2024

In March 2024, DOCS traded between $26.84 and $28.79. ATM implied volatility averaged 38.8%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 5.3% (HV 20d: 33.5%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 3.55.

Notable Days

  • 2024-03-25: Highest Volume — 13,260 contracts
  • 2024-03-11: Largest IV spike — 17.2% change
  • 2024-03-11: Highest IV Rank — 19.7%
  • 2024-03-08: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.81$26.84$28.79$28.09$26.84
Max Pain$28.13$27.50$30.00$27.50$27.50
ATM IV38.8%35.5%46.0%37.7%35.5%
Expected Move10.8%10.2%11.5%10.8%10.2%
HV 20d33.5%24.2%44.4%41.9%24.2%
HV 60d38.6%37.2%40.7%40.2%37.3%
IV Rank11.7%8.1%19.7%10.5%8.1%
IV Percentile27.7%13.5%50.0%22.2%13.9%
Term Structure11.8%-0.6%15.8%-0.6%15.8%
VWIV37.5%34.8%40.5%38.2%35.2%
Skew 25d1.2%-7.7%2.8%-7.7%-0.4%
Skew 10d0.5%-7.2%7.8%-7.2%-1.1%
Call IV 25d37.2%34.1%39.6%38.5%36.2%
Put IV 25d38.3%30.8%40.8%30.8%35.8%
Bid-Ask Spread %62.4945.9375.9854.8275.98
Gamma HHI0.220.150.350.190.35
Net GEX195.1K-923.4K454.5K421.5K-923.4K
Net DEX-13.2M-19.0M524.6K-16.2M524.6K
Net VEX-195.6K-213.0K-185.9K-200.4K-209.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.550.1243.561.520.81
Total Volume1,232.813813,260141337
Total OI35,252.530,30244,25234,95944,252

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$28.09$27.5037.7%10.8%41.9%10.5%38.2%-7.7%-0.6%421.5K-16.2M-200.4K1.5254.82N/AN/A568522,66212,297
2024-03-04$28.55$30.0042.1%11.2%42.2%15.3%38.3%1.9%9.4%452.5K-18.5M-199.9K0.2458.51N/AN/A3869122,64512,327
2024-03-05$27.73$30.0044.2%11.4%43.4%17.6%39.8%1.1%10.5%396.4K-14.3M-196.0K1.6858.19N/AN/A11118722,67812,339
2024-03-06$28.07$30.0043.0%11.4%43.6%16.4%37.6%1.8%10.1%419.2K-15.7M-196.2K0.2852.86N/AN/A58916222,68012,352
2024-03-07$28.79$30.0041.0%11.3%44.4%14.2%39.3%1.2%10.5%454.5K-19.0M-198.2K0.2963.77N/AN/A39911422,46812,418
2024-03-08$27.98$30.0039.3%11.5%43.8%12.2%40.0%1.3%11.0%395.8K-15.0M-194.4K0.2255.17N/AN/A94121022,43512,413
2024-03-11$27.68$27.5046.0%11.4%43.9%19.7%40.5%1.2%11.5%381.0K-13.5M-191.4K0.1553.99N/AN/A1201822,60112,582
2024-03-12$27.74$27.5040.6%10.8%35.7%13.7%37.0%2.1%12.9%399.8K-13.8M-189.9K0.7255.26N/AN/A18913622,57612,595
2024-03-13$27.84$27.5037.0%10.6%32.1%9.7%37.0%2.6%12.9%394.9K-14.3M-189.5K3.1573.34N/AN/A29592822,52512,432
2024-03-14$27.73$27.5038.1%10.9%31.6%10.9%37.4%2.2%11.9%424.3K-13.9M-189.6K0.1274.48N/AN/A8059322,64412,373
2024-03-15$27.88$27.5038.6%11.1%30.2%11.5%36.6%2.8%11.9%439.8K-15.8M-191.9K0.2260.88N/AN/A2756023,27612,383
2024-03-18$27.84$27.5037.0%10.6%29.3%9.7%36.9%2.3%12.0%310.5K-15.2M-190.1K0.7745.93N/AN/A23418019,06111,241
2024-03-19$28.52$27.5035.9%10.3%26.8%8.5%36.0%0.9%13.3%344.7K-18.0M-191.9K1.2768.28N/AN/A20826519,19611,330
2024-03-20$28.27$27.5035.5%10.2%26.8%8.1%34.8%1.7%14.0%327.3K-16.6M-191.1K0.1964.46N/AN/A1,24924119,26011,565
2024-03-21$28.02$27.5035.8%10.3%26.9%8.4%35.8%1.6%13.4%335.0K-16.3M-191.9K2.1850.02N/AN/A20244119,75711,740
2024-03-22$27.71$27.5037.0%10.6%25.7%9.7%37.2%2.5%13.2%295.2K-14.6M-190.8K43.5668.71N/AN/A1878419,82812,020
2024-03-25$26.98$27.5038.1%10.9%27.2%11.0%38.4%0.8%13.4%197.6K-11.0M-185.9K8.6273.74N/AN/A1,37811,88219,82212,697
2024-03-26$27.04$27.5037.2%10.7%26.0%9.9%37.4%1.7%14.2%-773.2K-1.4M-213.0K0.8075.44N/AN/A14711820,33923,438
2024-03-27$26.96$27.5036.9%10.6%24.7%9.6%36.9%1.5%14.2%-790.9K-991.5K-211.0K4.3166.00N/AN/A13658620,38023,423
2024-03-28$26.84$27.5035.5%10.2%24.2%8.1%35.2%-0.4%15.8%-923.4K524.6K-209.1K0.8175.98N/AN/A18615120,38023,872