DOCS Options History — January 2026

In January 2026, DOCS traded between $37.83 and $46.41. ATM implied volatility averaged 67.7%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded above realized volatility by 26.5% (HV 20d: 41.2%). Max pain ranged from $47.50 to $52.50. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.67.

Notable Days

  • 2026-01-29: Highest Volume — 3,231 contracts
  • 2026-01-14: Largest IV spike — 23.3% change
  • 2026-01-30: Highest IV Rank — 35.2%
  • 2026-01-30: Largest Expected Move — 28.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.71$37.83$46.41$43.38$37.83
Max Pain$49.88$47.50$52.50$47.50$47.50
ATM IV67.7%40.8%99.4%40.8%99.4%
Expected Move21.1%11.7%28.5%11.7%28.5%
HV 20d41.2%31.0%48.5%42.4%43.1%
HV 60d52.5%50.8%53.3%52.1%52.7%
IV Rank19.3%5.8%35.2%5.8%35.2%
IV Percentile65.5%30.6%88.9%30.6%88.9%
Term Structure-13.2%-29.2%17.9%17.9%-28.5%
VWIV74.5%40.5%100.2%40.5%100.2%
Skew 25d2.7%-0.1%4.9%4.1%2.4%
Skew 10d6.6%-10.8%19.9%14.8%11.7%
Call IV 25d73.1%37.8%99.7%37.8%99.7%
Put IV 25d75.7%41.9%102.1%41.9%102.1%
Bid-Ask Spread %69.2660.9985.0485.0470.57
Gamma HHI0.150.110.240.140.13
Net GEX-81.9K-443.7K136.6K-150.3K-90.3K
Net DEX9.8M19.6K21.8M11.9M12.4M
Net VEX-145.6K-170.1K-127.4K-149.9K-142.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.670.146.965.350.23
Total Volume1,395.72653,2311,3331,033
Total OI31,358.2521,44537,48334,17028,670

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$43.38$47.5040.8%11.7%42.4%5.8%40.5%4.1%17.9%-150.3K11.9M-149.9K5.3585.04N/AN/A2101,12319,48014,690
2026-01-05$45.98$52.5042.1%17.3%48.5%6.5%60.4%4.1%-8.8%-46.7K4.9M-161.4K0.1460.99N/AN/A1,61122319,62115,372
2026-01-06$45.81$50.0042.5%17.2%31.0%6.7%61.6%4.3%-7.1%77.3K3.0M-169.1K0.5468.13N/AN/A1729320,69915,393
2026-01-07$46.41$50.0043.3%17.8%31.4%7.1%63.4%4.9%-8.8%136.6K19.6K-170.1K1.4567.22N/AN/A20029020,75515,413
2026-01-08$43.65$50.0046.8%18.6%38.1%8.8%65.7%3.3%-9.7%-194.7K10.3M-156.5K0.7467.04N/AN/A34025220,83415,683
2026-01-09$44.17$50.0043.2%18.2%38.3%7.1%64.2%4.5%-7.1%-110.1K9.2M-158.0K1.7969.92N/AN/A16028620,92915,877
2026-01-12$43.80$50.0050.6%19.0%37.2%10.7%68.3%2.3%-10.1%-233.0K11.0M-151.6K0.4466.74N/AN/A76633920,96715,973
2026-01-13$41.69$50.0056.9%19.2%40.9%13.9%69.7%0.0%-7.8%-327.1K16.1M-142.8K0.4167.05N/AN/A95038621,50215,975
2026-01-14$40.23$50.0070.2%20.1%42.2%20.6%69.0%2.1%-13.6%-443.7K21.8M-127.4K0.7470.06N/AN/A53439521,48815,995
2026-01-15$40.84$50.0070.8%20.3%42.6%20.9%71.4%0.8%-11.9%-365.6K17.6M-133.0K0.3069.07N/AN/A65319421,55915,555
2026-01-16$41.28$50.0068.9%19.8%42.9%19.9%68.6%2.4%-11.0%52.2K13.9M-134.2K0.1767.98N/AN/A1,36923321,83714,849
2026-01-20$40.98$50.0074.8%21.4%42.9%22.8%76.8%1.7%-12.9%45.9K6.8M-128.6K0.8568.27N/AN/A88675713,2738,172
2026-01-21$39.88$50.0075.1%21.5%43.6%23.0%78.7%-0.1%-13.9%37.2K7.7M-130.6K0.8969.74N/AN/A48943313,7928,774
2026-01-22$40.84$50.0079.5%22.8%43.7%25.2%80.5%4.5%-18.3%62.1K6.1M-135.0K0.9668.52N/AN/A1,5041,44314,0158,915
2026-01-23$40.53$50.0081.0%23.2%42.8%26.0%81.8%2.2%-17.1%102.9K4.6M-148.0K2.9868.90N/AN/A4271,27315,0838,990
2026-01-26$40.54$50.0086.9%24.9%42.4%28.9%87.1%4.1%-20.6%41.2K6.2M-148.3K6.9668.82N/AN/A1901,32315,20410,180
2026-01-27$39.03$50.0090.8%26.0%44.1%30.9%91.5%2.7%-21.5%-41.8K10.1M-138.2K1.5668.36N/AN/A8861,38215,28411,354
2026-01-28$38.83$50.0092.4%26.5%43.8%31.7%92.2%1.1%-23.0%-107.3K11.4M-145.9K3.3472.68N/AN/A4331,44515,21312,365
2026-01-29$38.51$50.0097.9%28.1%43.0%34.4%98.3%1.8%-29.2%-83.3K11.3M-141.0K3.6270.13N/AN/A6992,53215,42312,012
2026-01-30$37.83$47.5099.4%28.5%43.1%35.2%100.2%2.4%-28.5%-90.3K12.4M-142.4K0.2370.57N/AN/A83719616,05812,612