DOCS Options History — February 2025

In February 2025, DOCS traded between $57.55 and $84.44. ATM implied volatility averaged 58.9%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 48.9% (HV 20d: 107.8%). Max pain ranged from $50.00 to $70.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.30.

Notable Days

  • 2025-02-11: Highest Volume — 23,421 contracts
  • 2025-02-07: Largest IV drop — 57.9% change
  • 2025-02-06: Highest IV Rank — 42.3%
  • 2025-02-05: Largest Expected Move — 31.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.60$57.55$84.44$58.96$69.95
Max Pain$60.53$50.00$70.00$55.00$70.00
ATM IV58.9%41.6%116.4%96.2%51.6%
Expected Move16.1%11.9%31.6%27.6%14.8%
HV 20d107.8%39.1%130.0%40.4%130.0%
HV 60d81.6%79.9%85.7%79.9%81.1%
IV Rank16.1%8.2%42.3%33.1%12.7%
IV Percentile67.1%53.2%95.6%92.5%63.9%
Term Structure-2.0%-36.9%11.5%-28.5%-2.2%
VWIV56.9%42.1%110.2%97.3%52.6%
Skew 25d2.5%0.3%5.9%3.9%4.7%
Skew 10d5.7%-3.3%15.1%9.6%15.1%
Call IV 25d55.6%42.0%107.8%95.5%50.0%
Put IV 25d58.1%42.4%112.2%99.5%54.7%
Bid-Ask Spread %55.2722.9368.1341.8760.83
Gamma HHI0.210.110.390.110.17
Net GEX1.6M-399.5K4.8M464.0K-399.5K
Net DEX-104.1M-214.7M-38.2M-49.6M-38.2M
Net VEX-332.8K-429.5K-247.6K-285.3K-429.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.0910.490.491.16
Total Volume7,463.6841,03123,4211,0312,814
Total OI50,806.73734,02565,59334,02546,661

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$58.96$55.0096.2%27.6%40.4%33.1%97.3%3.9%-28.5%464.0K-49.6M-285.3K0.4941.87N/AN/A69433719,13714,888
2025-02-04$58.84$55.00105.5%30.2%39.1%37.3%106.9%5.9%-33.7%445.8K-48.7M-289.9K2.7542.27N/AN/A6741,85619,37815,051
2025-02-05$58.03$55.00110.4%31.6%39.2%39.5%110.2%4.5%-36.9%268.6K-43.1M-298.1K1.2922.93N/AN/A1,1311,46419,75316,966
2025-02-06$57.55$50.00116.4%21.9%39.1%42.3%76.2%5.2%-11.0%270.8K-41.8M-307.8K0.5034.77N/AN/A9,2994,64620,61618,286
2025-02-07$79.44$50.0049.0%12.3%120.0%11.6%44.2%2.4%6.6%1.9M-191.4M-247.6K0.5151.58N/AN/A15,1017,68728,23321,690
2025-02-10$84.44$57.5044.6%12.2%117.2%9.5%43.5%0.8%10.3%1.8M-214.7M-261.4K0.5255.83N/AN/A9,5444,93530,04824,726
2025-02-11$74.99$60.0046.1%12.5%125.9%10.2%44.1%1.0%10.0%1.6M-138.3M-317.0K0.3459.51N/AN/A17,5065,91532,50727,977
2025-02-12$75.48$60.0044.3%12.7%126.0%9.4%44.6%1.5%10.1%2.7M-135.8M-334.2K0.2158.52N/AN/A5,5821,17533,97226,960
2025-02-13$76.13$60.0044.2%12.7%125.6%9.4%44.5%0.7%10.7%3.7M-145.5M-338.2K0.0959.96N/AN/A8,87080036,53327,027
2025-02-14$76.97$60.0042.7%12.2%125.4%8.7%43.0%0.9%11.1%4.8M-156.7M-340.4K0.1156.46N/AN/A7,54683938,35027,243
2025-02-18$77.94$62.5043.3%12.4%125.5%8.9%43.5%1.5%11.2%4.1M-158.2M-320.7K0.4061.43N/AN/A2,7961,12135,74627,569
2025-02-19$76.67$62.5043.0%12.3%126.0%8.8%43.3%0.9%11.5%3.4M-143.1M-330.9K0.3863.23N/AN/A1,66063036,04528,288
2025-02-20$75.50$62.5041.8%12.0%126.5%8.2%42.1%0.3%1.7%2.9M-130.8M-335.4K1.1161.78N/AN/A1,1881,31336,44028,534
2025-02-21$71.93$62.5041.6%11.9%128.3%8.2%42.1%1.0%0.4%633.6K-101.7M-326.1K0.4160.24N/AN/A4,7531,94635,92828,010
2025-02-24$72.64$62.5043.2%12.4%128.3%8.9%43.8%1.3%-0.5%1.1M-68.2M-361.5K1.1861.53N/AN/A1,3081,54121,21915,833
2025-02-25$71.54$65.0049.4%14.2%128.1%11.7%52.1%3.4%-2.7%1.0M-64.1M-372.5K10.4962.83N/AN/A6516,82721,72916,120
2025-02-26$73.49$70.0051.0%14.6%128.1%12.4%51.2%3.8%-2.8%288.2K-64.0M-412.3K0.5768.13N/AN/A2,5841,48521,94021,263
2025-02-27$69.89$70.0055.2%15.8%130.0%14.3%55.5%4.4%-4.0%-32.9K-44.7M-414.2K2.1366.46N/AN/A1,1492,44322,73421,928
2025-02-28$69.95$70.0051.6%14.8%130.0%12.7%52.6%4.7%-2.2%-399.5K-38.2M-429.5K1.1660.83N/AN/A1,3011,51322,81723,844