DOCS Options History — August 2025

In August 2025, DOCS traded between $57.36 and $68.72. ATM implied volatility averaged 56.4%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 8.6% (HV 20d: 47.8%). Max pain ranged from $57.50 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.51.

Notable Days

2025-08-07: Highest Volume — 9,476 contracts
2025-08-08: Largest IV drop — 75.2% change
2025-08-07: Highest IV Rank — 59.0%
2025-08-01: Largest Expected Move — 30.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$63.65	$57.36	$68.72	$57.36	$67.89
Max Pain	$61.79	$57.50	$65.00	$60.00	$62.50
ATM IV	56.4%	33.0%	144.7%	106.0%	33.2%
Expected Move	12.5%	9.5%	30.4%	30.4%	9.5%
HV 20d	47.8%	23.9%	57.3%	29.5%	55.0%
HV 60d	41.7%	38.9%	46.9%	39.6%	42.1%
IV Rank	15.9%	4.6%	59.0%	40.1%	4.7%
IV Percentile	36.0%	12.7%	97.6%	90.9%	13.1%
Term Structure	0.3%	-41.2%	17.3%	-41.2%	0.5%
VWIV	43.5%	33.0%	107.9%	107.9%	33.3%
Skew 25d	2.0%	1.2%	3.1%	1.7%	2.2%
Skew 10d	5.4%	3.7%	11.5%	3.7%	6.9%
Call IV 25d	43.0%	32.2%	106.7%	106.7%	32.5%
Put IV 25d	45.0%	33.9%	108.4%	108.4%	34.7%
Bid-Ask Spread %	50.69	25.51	64.20	52.46	59.75
Gamma HHI	0.15	0.06	0.53	0.06	0.17
Net GEX	891.5K	42.9K	2.7M	42.9K	1.2M
Net DEX	-38.3M	-67.6M	-13.2M	-13.2M	-52.9M
Net VEX	-359.4K	-384.5K	-325.2K	-360.5K	-381.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.10	1.23	0.64	0.82
Total Volume	2,371.619	537	9,476	1,137	1,283
Total OI	43,433.476	33,432	53,979	44,125	39,095

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
2025-08-01	$57.36	$60.00	106.0%	30.4%	29.5%	40.1%	107.9%	1.7%	-41.2%	42.9K	-13.2M	-360.5K	0.64	52.46	N/A	N/A	695	442	20,942	23,183
2025-08-04	$58.15	$57.50	119.7%	18.7%	29.9%	46.8%	64.9%	3.0%	-2.9%	92.9K	-16.7M	-356.3K	1.23	28.98	N/A	N/A	319	391	21,101	23,150
2025-08-05	$58.16	$60.00	127.0%	19.0%	29.2%	50.3%	65.7%	2.2%	-4.3%	99.0K	-16.5M	-354.9K	0.87	29.72	N/A	N/A	318	277	21,187	23,215
2025-08-06	$57.68	$60.00	131.2%	19.1%	27.1%	52.4%	66.3%	3.0%	-4.8%	74.3K	-14.0M	-351.0K	0.78	25.51	N/A	N/A	1,086	850	21,263	23,311
2025-08-07	$58.64	$65.00	144.7%	20.5%	23.9%	59.0%	70.9%	3.1%	-6.9%	115.9K	-19.1M	-359.1K	0.90	28.62	N/A	N/A	4,983	4,493	21,458	23,536
2025-08-08	$65.77	$60.00	35.8%	9.6%	47.6%	5.9%	33.2%	2.3%	16.5%	2.4M	-67.6M	-334.4K	0.43	46.11	N/A	N/A	4,851	2,066	25,244	26,773
2025-08-11	$62.20	$60.00	41.9%	9.6%	51.8%	8.9%	33.6%	1.3%	16.3%	1.2M	-34.8M	-325.2K	0.42	52.34	N/A	N/A	2,765	1,161	24,748	27,013
2025-08-12	$61.72	$62.50	37.0%	9.5%	51.8%	6.5%	33.2%	1.4%	17.3%	992.2K	-31.5M	-327.4K	1.18	54.76	N/A	N/A	1,265	1,490	25,251	27,563
2025-08-13	$64.04	$62.50	33.4%	9.6%	53.3%	4.8%	33.4%	1.4%	16.8%	1.6M	-47.2M	-337.1K	0.18	59.85	N/A	N/A	1,750	312	25,315	28,524
2025-08-14	$63.44	$62.50	34.4%	9.9%	53.4%	5.2%	34.1%	2.1%	0.0%	1.4M	-41.6M	-335.4K	0.16	59.21	N/A	N/A	1,194	193	25,283	28,517
2025-08-15	$65.10	$62.50	33.8%	9.7%	53.1%	4.9%	33.3%	1.9%	0.5%	2.7M	-55.3M	-339.3K	0.58	60.57	N/A	N/A	1,440	842	25,429	28,550
2025-08-18	$65.91	$62.50	35.5%	10.2%	53.2%	5.8%	34.7%	2.0%	-0.8%	304.6K	-37.6M	-353.8K	0.16	55.35	N/A	N/A	3,295	535	15,653	17,779
2025-08-19	$63.70	$62.50	35.4%	10.1%	54.5%	5.7%	34.8%	1.9%	-0.6%	461.7K	-31.6M	-367.7K	0.53	54.10	N/A	N/A	1,011	536	17,672	18,118
2025-08-20	$64.55	$62.50	34.0%	9.7%	54.0%	5.0%	33.1%	2.1%	-0.1%	530.0K	-35.0M	-369.3K	0.10	55.61	N/A	N/A	2,294	219	17,661	18,536
2025-08-21	$64.16	$62.50	33.8%	9.7%	54.0%	4.9%	33.6%	2.4%	-0.1%	504.3K	-34.3M	-380.8K	0.65	64.20	N/A	N/A	326	211	18,104	18,723
2025-08-22	$67.69	$62.50	33.1%	9.5%	56.9%	4.6%	33.3%	2.4%	0.5%	814.5K	-50.4M	-380.2K	0.17	57.36	N/A	N/A	2,059	350	18,162	18,876
2025-08-25	$66.65	$62.50	34.2%	9.8%	57.3%	5.1%	34.2%	1.2%	-0.3%	943.2K	-46.9M	-384.5K	0.10	59.36	N/A	N/A	902	91	19,036	19,073
2025-08-26	$66.84	$62.50	33.7%	9.7%	56.5%	4.9%	33.9%	1.2%	0.1%	972.4K	-47.2M	-383.4K	0.45	51.41	N/A	N/A	419	189	19,097	19,106
2025-08-27	$68.20	$62.50	33.6%	9.6%	56.1%	4.9%	33.5%	1.2%	0.3%	1.1M	-54.5M	-382.6K	0.18	58.52	N/A	N/A	840	155	19,179	19,151
2025-08-28	$68.72	$62.50	33.0%	9.5%	56.0%	4.6%	33.0%	2.3%	0.4%	1.2M	-56.8M	-383.9K	0.29	50.69	N/A	N/A	1,483	423	19,295	19,231
2025-08-29	$67.89	$62.50	33.2%	9.5%	55.0%	4.7%	33.3%	2.2%	0.5%	1.2M	-52.9M	-381.2K	0.82	59.75	N/A	N/A	706	577	19,772	19,323