DOCS Options History — April 2025

In April 2025, DOCS traded between $50.12 and $58.01. ATM implied volatility averaged 94.1%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 27.9%. IV traded above realized volatility by 29.1% (HV 20d: 65.1%). Max pain ranged from $62.50 to $62.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 3.02.

Notable Days

2025-04-04: Highest Volume — 10,919 contracts
2025-04-04: Largest IV spike — 37.1% change
2025-04-30: Highest IV Rank — 44.7%
2025-04-30: Largest Expected Move — 34.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.08	$50.12	$58.01	$56.98	$56.59
Max Pain	$62.50	$62.50	$62.50	$62.50	$62.50
ATM IV	94.1%	52.4%	121.8%	52.4%	121.8%
Expected Move	27.9%	21.4%	34.9%	21.4%	34.9%
HV 20d	65.1%	55.3%	71.1%	55.6%	65.9%
HV 60d	87.9%	84.3%	89.4%	84.5%	89.4%
IV Rank	32.1%	13.1%	44.7%	13.1%	44.7%
IV Percentile	87.6%	58.3%	97.6%	58.3%	97.6%
Term Structure	-19.5%	-43.8%	22.2%	22.2%	-43.8%
VWIV	95.5%	73.9%	118.7%	73.9%	118.7%
Skew 25d	17.0%	7.8%	22.2%	7.8%	16.2%
Skew 10d	33.8%	9.9%	45.9%	15.4%	31.4%
Call IV 25d	86.6%	49.8%	112.7%	49.8%	112.7%
Put IV 25d	103.7%	57.6%	128.9%	57.6%	128.9%
Bid-Ask Spread %	41.28	34.46	47.76	38.46	35.92
Gamma HHI	0.15	0.08	0.27	0.23	0.08
Net GEX	-1.3M	-3.1M	-342.8K	-3.0M	-342.8K
Net DEX	39.3M	-1.9M	78.1M	61.7M	1.1M
Net VEX	-405.6K	-475.9K	-368.2K	-475.9K	-405.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.02	0.49	9.98	9.00	0.91
Total Volume	3,175.476	978	10,919	2,259	978
Total OI	50,953.762	39,662	59,509	59,509	43,839

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-04-01	$56.98	$62.50	52.4%	21.4%	55.6%	13.1%	73.9%	7.8%	22.2%	-3.0M	61.7M	-475.9K	9.00	38.46	N/A	N/A	226	2,033	21,849	37,660
2025-04-02	$58.01	$62.50	52.5%	21.4%	55.6%	13.1%	76.0%	9.6%	-6.5%	-3.1M	53.0M	-475.5K	3.27	37.55	N/A	N/A	630	2,057	21,935	36,995
2025-04-03	$54.38	$62.50	60.6%	22.8%	56.7%	16.8%	79.3%	10.7%	-9.4%	-2.4M	70.1M	-449.4K	3.62	40.31	N/A	N/A	1,094	3,965	22,275	36,215
2025-04-04	$52.03	$62.50	83.2%	26.2%	57.8%	27.1%	87.9%	19.0%	-13.4%	-1.7M	78.1M	-425.1K	9.98	44.44	N/A	N/A	994	9,925	22,526	36,125
2025-04-07	$52.05	$62.50	99.1%	27.7%	55.3%	34.4%	92.8%	22.2%	-17.0%	-1.4M	59.9M	-406.3K	3.68	46.40	N/A	N/A	1,010	3,712	22,721	32,733
2025-04-08	$50.12	$62.50	105.3%	29.1%	55.5%	37.2%	97.1%	21.4%	-21.0%	-1.2M	66.9M	-382.2K	1.84	40.04	N/A	N/A	1,330	2,450	23,204	32,468
2025-04-09	$55.91	$62.50	89.2%	25.6%	67.8%	29.9%	89.4%	17.7%	-16.5%	-2.1M	46.7M	-420.8K	7.21	44.42	N/A	N/A	835	6,023	23,071	32,577
2025-04-10	$51.53	$62.50	93.9%	26.9%	71.1%	32.0%	93.6%	21.7%	-16.5%	-1.7M	68.4M	-403.6K	2.06	45.90	N/A	N/A	951	1,957	23,026	35,850
2025-04-11	$52.80	$62.50	91.7%	26.3%	70.6%	31.0%	90.5%	19.3%	-15.0%	-1.6M	51.8M	-393.6K	1.80	41.57	N/A	N/A	972	1,752	23,559	31,576
2025-04-14	$52.79	$62.50	92.7%	26.6%	70.6%	31.5%	91.7%	18.0%	-17.0%	-1.7M	56.0M	-377.5K	1.69	45.35	N/A	N/A	597	1,010	23,328	32,162
2025-04-15	$52.91	$62.50	90.7%	26.0%	70.4%	30.6%	92.2%	17.3%	-16.3%	-1.8M	57.9M	-376.9K	2.85	47.30	N/A	N/A	372	1,060	23,335	32,672
2025-04-16	$52.10	$62.50	93.0%	26.7%	69.2%	31.6%	92.8%	16.9%	-17.4%	-1.5M	54.2M	-370.6K	3.50	47.76	N/A	N/A	997	3,485	23,419	31,294
2025-04-17	$53.11	$62.50	94.4%	27.1%	69.8%	32.2%	96.9%	18.1%	-12.7%	-952.5K	32.8M	-378.5K	3.26	37.43	N/A	N/A	937	3,053	23,733	28,239
2025-04-21	$51.17	$62.50	103.9%	29.8%	70.5%	36.6%	98.3%	19.5%	-22.4%	-472.2K	21.9M	-368.2K	1.11	42.74	N/A	N/A	813	906	16,457	23,205
2025-04-22	$52.28	$62.50	103.4%	29.6%	67.5%	36.3%	99.8%	19.3%	-23.3%	-465.1K	18.7M	-379.4K	2.27	42.31	N/A	N/A	306	695	16,832	23,453
2025-04-23	$53.90	$62.50	101.8%	29.2%	69.1%	35.6%	103.1%	16.7%	-23.8%	-486.6K	14.5M	-391.7K	1.59	41.35	N/A	N/A	681	1,085	16,925	23,891
2025-04-24	$56.16	$62.50	101.7%	29.2%	67.4%	35.6%	98.0%	16.1%	-23.8%	-493.5K	7.9M	-408.6K	0.91	40.84	N/A	N/A	1,339	1,222	17,269	24,689
2025-04-25	$56.62	$62.50	109.6%	31.4%	67.5%	39.1%	106.8%	16.5%	-33.4%	-399.8K	4.2M	-412.4K	0.82	37.53	N/A	N/A	1,099	896	18,176	24,279
2025-04-28	$56.69	$62.50	116.7%	33.5%	66.0%	42.4%	115.4%	16.9%	-39.5%	-370.5K	1.6M	-407.3K	1.51	34.70	N/A	N/A	692	1,044	18,925	24,104
2025-04-29	$57.55	$62.50	119.4%	34.2%	66.3%	43.7%	110.7%	16.5%	-42.1%	-344.2K	-1.9M	-408.6K	0.49	34.46	N/A	N/A	1,006	496	19,246	24,192
2025-04-30	$56.59	$62.50	121.8%	34.9%	65.9%	44.7%	118.7%	16.2%	-43.8%	-342.8K	1.1M	-405.4K	0.91	35.92	N/A	N/A	512	466	19,583	24,256