DOCS Options History — September 2025

In September 2025, DOCS traded between $66.81 and $75.25. ATM implied volatility averaged 32.4%, placing in the 3.1% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 1.1% (HV 20d: 31.3%). Max pain ranged from $62.50 to $67.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2025-09-24: Highest Volume — 2,173 contracts
  • 2025-09-19: Largest IV spike — 5.5% change
  • 2025-09-02: Highest IV Rank — 5.9%
  • 2025-09-02: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.54$66.81$75.25$66.87$73.17
Max Pain$65.83$62.50$67.50$62.50$67.50
ATM IV32.4%29.1%35.8%35.8%32.5%
Expected Move9.2%8.4%10.3%10.3%9.3%
HV 20d31.3%17.6%55.6%55.6%20.0%
HV 60d40.0%37.7%41.3%41.3%38.1%
IV Rank3.1%1.3%5.9%5.9%2.5%
IV Percentile9.4%3.2%19.0%19.0%8.7%
Term Structure21.5%-1.8%27.7%-1.8%26.6%
VWIV32.1%29.8%35.6%35.6%32.0%
Skew 25d2.0%0.9%3.2%3.2%1.7%
Skew 10d4.9%0.5%7.4%6.0%5.1%
Call IV 25d31.5%29.5%35.2%35.2%31.2%
Put IV 25d33.6%31.5%38.4%38.4%32.9%
Bid-Ask Spread %59.2843.3170.4963.0353.92
Gamma HHI0.180.100.270.170.11
Net GEX1.3M661.6K2.0M1.1M836.9K
Net DEX-66.2M-87.0M-45.6M-46.7M-63.4M
Net VEX-383.1K-393.0K-369.8K-388.2K-388.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.161.180.800.66
Total Volume911.7144332,1736951,087
Total OI41,055.14338,57943,36839,70941,410

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$66.87$62.5035.8%10.3%55.6%5.9%35.6%3.2%-1.8%1.1M-46.7M-388.2K0.8063.03N/AN/A38630920,05919,650
2025-09-03$66.81$62.5035.1%10.1%55.6%5.6%35.2%3.0%-0.5%1.1M-45.6M-393.0K1.1869.58N/AN/A38845720,12419,845
2025-09-04$68.31$65.0034.4%9.7%55.6%5.2%33.4%2.4%20.1%1.3M-54.2M-390.6K0.2254.37N/AN/A50811020,22220,178
2025-09-05$69.08$65.0033.4%9.4%55.5%3.5%33.0%1.7%20.5%1.5M-58.9M-387.1K1.1258.73N/AN/A49955920,41720,223
2025-09-08$69.69$65.0035.0%9.5%38.7%4.2%33.5%1.1%21.5%1.6M-62.1M-386.9K0.3064.20N/AN/A81524820,60320,488
2025-09-09$69.56$65.0034.8%9.4%32.0%4.1%32.7%1.6%20.9%1.7M-60.4M-392.0K0.1663.53N/AN/A5959720,74320,660
2025-09-10$68.93$65.0033.0%9.5%32.1%3.3%33.0%1.3%21.5%1.7M-56.4M-386.6K0.2954.47N/AN/A41311820,89820,688
2025-09-11$70.36$65.0032.5%9.3%30.5%3.0%32.4%1.5%21.8%1.9M-66.2M-382.9K1.0559.27N/AN/A28429920,91320,722
2025-09-12$70.91$65.0032.2%9.2%30.0%2.9%32.2%2.1%21.5%2.0M-69.7M-380.9K0.5261.54N/AN/A1,08656120,96420,890
2025-09-15$72.40$65.0031.6%9.1%29.6%2.6%31.5%1.4%23.2%1.8M-78.5M-373.8K0.3364.37N/AN/A63321220,99721,236
2025-09-16$72.05$65.0030.7%8.8%29.7%2.1%30.7%2.4%24.0%1.8M-75.8M-380.4K0.4466.78N/AN/A63327621,11221,324
2025-09-17$72.57$65.0029.6%8.5%26.0%1.6%29.8%2.6%26.9%1.7M-79.2M-375.1K0.6870.49N/AN/A45030721,16921,523
2025-09-18$73.78$67.5029.1%8.4%26.1%1.3%30.2%1.9%26.1%1.4M-87.0M-369.8K0.3565.72N/AN/A77126821,32421,653
2025-09-19$73.35$67.5030.7%8.8%26.1%2.1%30.8%1.6%24.2%674.6K-84.3M-373.8K0.2263.03N/AN/A1,33128721,54321,825
2025-09-22$72.50$67.5031.5%9.0%20.2%2.5%31.2%2.6%25.0%661.6K-58.3M-375.6K0.4164.36N/AN/A45518518,26020,319
2025-09-23$73.42$67.5031.8%9.1%19.1%2.6%31.3%0.9%25.3%745.4K-64.1M-378.8K0.4349.26N/AN/A30213118,60220,426
2025-09-24$74.38$67.5031.4%9.0%19.3%2.5%31.8%2.1%25.8%763.8K-68.0M-378.8K0.3543.31N/AN/A1,60556818,70120,489
2025-09-25$74.41$67.5032.3%9.3%18.6%2.9%31.9%2.4%25.1%782.8K-68.3M-391.9K0.1750.53N/AN/A4227019,37220,927
2025-09-26$74.59$67.5031.0%8.9%18.5%2.3%31.2%2.5%25.8%855.4K-69.5M-386.6K0.2052.68N/AN/A59111619,63920,964
2025-09-29$75.25$67.5031.3%9.0%17.6%2.1%30.4%2.2%27.7%933.3K-73.6M-384.6K0.3851.76N/AN/A51819620,05521,001
2025-09-30$73.17$67.5032.5%9.3%20.0%2.5%32.0%1.7%26.6%836.9K-63.4M-388.8K0.6653.92N/AN/A65543220,28721,123