DOCS Options History — January 2025

In January 2025, DOCS traded between $49.58 and $59.34. ATM implied volatility averaged 64.6%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded above realized volatility by 18.2% (HV 20d: 46.4%). Max pain ranged from $32.50 to $52.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.42.

Notable Days

  • 2025-01-21: Highest Volume — 3,289 contracts
  • 2025-01-15: Largest IV spike — 37.3% change
  • 2025-01-31: Highest IV Rank — 32.0%
  • 2025-01-31: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.86$49.58$59.34$53.01$59.34
Max Pain$49.75$32.50$52.50$32.50$52.50
ATM IV64.6%41.0%93.8%43.5%93.8%
Expected Move20.2%11.7%26.9%12.5%26.9%
HV 20d46.4%40.5%52.3%42.4%40.5%
HV 60d79.6%78.9%80.0%78.9%79.9%
IV Rank18.7%7.9%32.0%9.0%32.0%
IV Percentile74.4%54.8%92.5%59.9%92.5%
Term Structure-9.9%-26.3%22.1%19.4%-26.3%
VWIV70.2%40.8%92.3%43.3%92.3%
Skew 25d3.1%1.9%4.7%2.6%4.5%
Skew 10d6.7%3.2%10.0%3.2%8.4%
Call IV 25d69.1%40.1%90.2%42.7%90.2%
Put IV 25d72.3%43.0%94.7%45.3%94.7%
Bid-Ask Spread %47.2939.5865.1560.7342.67
Gamma HHI0.150.110.230.180.12
Net GEX570.4K203.7K1.1M745.6K459.5K
Net DEX-63.5M-100.9M-31.5M-81.6M-48.9M
Net VEX-236.6K-268.5K-218.6K-223.5K-268.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.161.020.700.30
Total Volume1,193.93113,2891,6722,295
Total OI42,556.1527,45153,40650,38532,868

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$53.01$32.5043.5%12.5%42.4%9.0%43.3%2.6%19.4%745.6K-81.6M-223.5K0.7060.73N/AN/A98668629,08521,300
2025-01-03$54.79$32.5041.0%11.7%44.0%7.9%40.8%3.0%22.1%990.0K-93.7M-236.7K0.3665.15N/AN/A1,03837129,74721,746
2025-01-06$55.74$50.0043.0%18.4%43.8%8.8%62.7%3.6%-7.2%1.1M-100.9M-242.4K0.3945.52N/AN/A84232730,19722,002
2025-01-07$55.13$50.0045.2%18.6%43.9%9.8%64.4%3.0%-6.4%1.1M-97.6M-249.2K0.3145.95N/AN/A43413430,54722,160
2025-01-08$54.87$50.0043.5%18.8%41.8%9.0%66.1%4.0%-7.0%1.1M-95.5M-249.9K0.4945.53N/AN/A20910230,67522,242
2025-01-10$51.69$52.5046.1%19.1%46.3%10.2%66.7%3.5%-7.9%563.6K-74.7M-238.3K0.2444.58N/AN/A75518330,63922,332
2025-01-13$49.58$52.5051.0%19.5%48.4%12.4%67.9%3.7%-8.8%212.5K-59.7M-222.3K0.3042.61N/AN/A1,04631230,57622,393
2025-01-14$50.41$50.0048.7%19.4%48.9%11.4%66.9%3.3%-9.0%251.3K-65.5M-218.6K0.4546.09N/AN/A26412030,47122,418
2025-01-15$52.88$50.0066.8%19.2%51.9%19.7%66.2%3.0%-9.4%776.7K-80.8M-224.3K0.4849.72N/AN/A55927030,46122,464
2025-01-16$52.91$50.0067.3%19.3%51.5%19.9%67.2%3.3%-9.7%734.4K-81.2M-221.5K1.0248.83N/AN/A16416730,72522,613
2025-01-17$54.05$52.5066.8%19.1%52.1%19.6%67.3%2.8%-10.0%203.7K-86.6M-218.7K0.3248.48N/AN/A64720530,70922,697
2025-01-21$55.45$52.5070.4%20.2%52.3%21.3%70.4%1.9%-13.0%247.5K-31.5M-222.5K0.3847.92N/AN/A2,38390614,92812,523
2025-01-22$56.00$52.5073.2%21.0%47.7%22.6%72.3%2.2%-14.5%377.1K-35.4M-234.2K0.1944.26N/AN/A3767016,35012,998
2025-01-23$55.65$52.5073.8%21.2%45.0%22.8%73.2%1.9%-14.3%368.0K-34.4M-230.6K0.1648.63N/AN/A4948016,32513,066
2025-01-24$56.52$52.5074.5%21.4%45.4%23.2%74.7%2.5%-15.6%415.7K-37.5M-232.2K0.2946.29N/AN/A53415616,67613,102
2025-01-27$55.33$52.5080.4%23.1%45.9%25.9%80.3%3.5%-16.9%390.0K-33.2M-232.1K0.7244.04N/AN/A1,26590716,97713,110
2025-01-28$56.95$52.5082.0%23.5%47.2%26.6%82.8%3.1%-18.3%424.8K-39.9M-254.0K0.2545.01N/AN/A2576517,34713,703
2025-01-29$57.88$52.5088.8%25.5%47.3%29.7%87.2%4.7%-21.7%448.9K-44.0M-255.1K0.4044.13N/AN/A96938817,51013,723
2025-01-30$58.94$52.5092.3%26.5%40.7%31.3%91.2%2.4%-23.0%479.3K-47.4M-257.3K0.7439.58N/AN/A1,6691,24317,77313,945
2025-01-31$59.34$52.5093.8%26.9%40.5%32.0%92.3%4.5%-26.3%459.5K-48.9M-268.5K0.3042.67N/AN/A1,76752818,29614,572