DOCS Options History — November 2025

In November 2025, DOCS traded between $46.22 and $66.75. ATM implied volatility averaged 54.9%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded below realized volatility by 2.0% (HV 20d: 56.9%). Max pain ranged from $50.00 to $70.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 3.07.

Notable Days

  • 2025-11-06: Highest Volume — 18,795 contracts
  • 2025-11-07: Largest IV drop — 57.6% change
  • 2025-11-06: Highest IV Rank — 40.0%
  • 2025-11-05: Largest Expected Move — 28.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.37$46.22$66.75$66.75$51.66
Max Pain$56.05$50.00$70.00$62.50$50.00
ATM IV54.9%40.5%109.1%90.0%41.3%
Expected Move15.0%11.6%28.1%25.8%11.8%
HV 20d56.9%38.1%70.5%40.2%70.5%
HV 60d43.6%33.0%49.3%35.0%49.1%
IV Rank12.9%5.7%40.0%30.5%6.1%
IV Percentile54.9%36.9%90.9%81.3%37.3%
Term Structure-5.3%-29.9%2.9%-27.6%-0.1%
VWIV52.2%39.7%100.5%89.0%41.1%
Skew 25d3.5%0.4%8.6%8.6%4.1%
Skew 10d9.3%-0.7%18.9%-0.7%17.9%
Call IV 25d50.5%38.8%95.2%77.1%40.7%
Put IV 25d54.0%42.8%98.1%85.6%44.8%
Bid-Ask Spread %70.1845.0581.8867.0681.88
Gamma HHI0.160.070.350.080.12
Net GEX-737.1K-2.1M478.2K164.2K58.6K
Net DEX27.5M-27.1M70.6M-27.1M1.6M
Net VEX-244.6K-361.6K-180.0K-361.6K-216.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.070.0919.480.620.66
Total Volume3,306.68416918,795262169
Total OI47,140.15831,00158,71643,72533,112

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$66.75$62.5090.0%25.8%40.2%30.5%89.0%8.6%-27.6%164.2K-27.1M-361.6K0.6267.06N/AN/A16210021,16622,559
2025-11-04$66.05$62.5092.8%26.6%39.9%31.9%92.1%0.4%-29.7%171.9K-26.7M-351.2K0.9263.61N/AN/A11410521,28822,600
2025-11-05$64.65$62.5098.0%28.1%38.1%34.5%100.5%2.9%-29.9%89.6K-20.0M-353.7K8.1367.94N/AN/A1711,39021,27022,604
2025-11-06$62.82$70.00109.1%20.6%38.8%40.0%68.9%2.6%-11.8%-166.2K-8.8M-355.7K2.0245.05N/AN/A6,23212,56321,25224,137
2025-11-07$54.02$65.0046.3%12.0%58.1%8.6%42.1%2.1%-2.5%-2.1M70.6M-272.3K5.3065.93N/AN/A1,3547,17925,29733,419
2025-11-10$53.08$60.0045.0%11.7%57.0%7.9%41.9%3.1%2.9%-2.0M60.6M-250.8K0.6768.68N/AN/A59039525,49730,613
2025-11-11$52.93$60.0045.0%11.7%57.1%7.9%42.2%2.1%0.8%-2.0M61.6M-250.6K6.0064.56N/AN/A3311,98525,80430,658
2025-11-12$51.21$60.0042.0%12.0%56.7%6.4%40.8%3.0%-0.1%-1.8M57.9M-233.6K0.1372.99N/AN/A1,16615625,82528,516
2025-11-13$49.68$55.0041.7%12.0%57.0%6.3%40.9%3.4%-0.3%-1.5M62.0M-205.8K10.2467.56N/AN/A5665,79725,57127,846
2025-11-14$49.63$52.5040.5%11.6%56.9%5.7%39.7%4.4%2.0%-1.5M52.2M-205.7K0.3068.23N/AN/A94127825,86825,558
2025-11-17$46.95$52.5041.3%11.8%57.1%6.1%41.3%4.2%1.1%-1.1M58.4M-180.0K1.1574.12N/AN/A1,0661,22226,30525,314
2025-11-18$47.33$52.5044.4%12.7%57.8%7.6%46.3%3.3%-0.5%-1.0M50.9M-188.5K0.9574.85N/AN/A1,5761,49927,17724,157
2025-11-19$47.83$50.0044.6%12.8%58.7%7.8%46.1%4.0%1.7%-837.4K46.1M-194.7K0.2574.81N/AN/A83720928,13624,275
2025-11-20$46.22$50.0046.1%13.2%58.9%8.5%44.2%5.1%-3.0%-768.7K45.7M-182.1K19.4876.84N/AN/A3837,46128,62023,426
2025-11-21$50.73$50.0047.4%13.6%70.1%9.1%46.3%2.5%-2.5%478.2K23.1M-210.7K0.0975.47N/AN/A2,94527428,75322,635
2025-11-24$50.08$50.0042.4%12.2%68.9%6.6%42.3%3.7%-1.3%-155.5K8.8M-194.7K0.5174.86N/AN/A1,38270216,19614,805
2025-11-25$51.12$50.0043.5%12.5%69.9%7.2%43.2%2.7%0.2%-28.4K3.6M-217.7K0.4073.57N/AN/A77730917,18615,224
2025-11-26$51.37$50.0042.0%12.0%70.2%6.5%43.6%4.1%-0.7%10.5K2.7M-220.4K0.5875.41N/AN/A27916217,57015,424
2025-11-28$51.66$50.0041.3%11.8%70.5%6.1%41.1%4.1%-0.1%58.6K1.6M-216.9K0.6681.88N/AN/A1026717,73415,378