DSS Options History — November 2013

In November 2013, DSS traded between $2272.98 and $4746.52. ATM implied volatility averaged 111.2%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 30.8%. IV traded above realized volatility by 27.7% (HV 20d: 83.4%). Max pain ranged from $5571.03 to $11142.06. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.32.

Notable Days

2013-11-29: Highest Volume — 2 contracts
2013-11-05: Largest IV drop — 37.9% change
2013-11-04: Highest IV Rank — 94.1%
2013-11-01: Largest Expected Move — 49.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2911.42	$2272.98	$4746.52	$2384.40	$4746.52
Max Pain	$5849.58	$5571.03	$11142.06	$11142.06	$5571.03
ATM IV	111.2%	71.6%	183.3%	172.3%	129.2%
Expected Move	30.8%	20.5%	49.4%	49.4%	37.0%
HV 20d	83.4%	66.9%	126.2%	84.2%	126.2%
HV 60d	73.1%	64.8%	94.4%	70.5%	94.4%
IV Rank	51.3%	27.9%	94.1%	87.6%	62.0%
IV Percentile	50.6%	2.4%	99.2%	96.0%	78.6%
Term Structure	23.3%	-74.2%	79.1%	-74.2%	-8.4%
VWIV	129.1%	129.1%	129.1%	129.1%	129.1%
Bid-Ask Spread %	11.02	7.51	34.58	7.51	34.58
Gamma HHI	0.98	0.93	1.00	1.00	0.96
Net GEX	445	0	4.1K	0	4.1K
Net DEX	734.5K	567	909.9K	688.5K	567
Net VEX	-532	-4.8K	0	0	-4.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.00	2.75	2.75	0.00
Total Volume	0.2	0	2	0	2
Total OI	6.35	6	7	6	7

Daily Data (20 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	Call OI	Put OI
2013-11-01	$2384.40	$11142.06	172.3%	49.4%	84.2%	87.6%	0.0%	0.0%	-74.2%	0	688.5K	0	0.00	7.51	N/A	N/A	0	3	3
2013-11-04	$2384.40	$5571.03	183.3%	30.8%	83.6%	94.1%	0.0%	0.0%	39.0%	0	689.6K	0	0.00	9.93	N/A	N/A	0	3	3
2013-11-05	$2272.98	$5571.03	113.9%	32.6%	84.7%	52.9%	0.0%	0.0%	47.5%	0	657.4K	0	0.00	9.73	N/A	N/A	0	3	3
2013-11-06	$2295.26	$5571.03	98.4%	28.2%	84.8%	43.8%	0.0%	0.0%	44.4%	0	664.0K	0	0.00	9.73	N/A	N/A	0	3	3
2013-11-07	$2295.26	$5571.03	99.5%	28.5%	84.8%	44.4%	0.0%	0.0%	47.9%	0	664.2K	0	0.00	9.73	N/A	N/A	0	3	3
2013-11-08	$2317.55	$5571.03	119.5%	34.3%	80.9%	56.3%	0.0%	0.0%	48.6%	0	672.6K	0	0.00	9.73	N/A	N/A	0	3	3
2013-11-11	$2362.12	$5571.03	125.5%	36.0%	74.0%	59.8%	0.0%	0.0%	36.5%	0	685.7K	0	0.00	9.73	N/A	N/A	0	3	3
2013-11-12	$2317.55	$5571.03	125.5%	36.0%	74.6%	59.8%	0.0%	0.0%	43.0%	0	672.8K	0	2.75	9.73	N/A	N/A	0	3	3
2013-11-13	$2473.54	$5571.03	113.2%	32.4%	66.9%	52.5%	0.0%	0.0%	39.0%	126	703.1K	-130	0.00	8.93	N/A	N/A	0	3	3
2013-11-14	$2674.09	$5571.03	103.5%	29.7%	70.9%	46.8%	0.0%	0.0%	33.4%	0	778.9K	0	0.83	7.94	N/A	N/A	0	3	3
2013-11-15	$3030.64	$5571.03	80.2%	23.0%	82.2%	33.0%	0.0%	0.0%	44.0%	147	864.1K	-177	0.00	11.46	N/A	N/A	0	3	3
2013-11-18	$3298.05	$5571.03	88.9%	25.5%	75.8%	38.2%	0.0%	0.0%	49.7%	418	815.7K	-1.0K	0.00	9.12	N/A	N/A	0	3	3
2013-11-19	$3409.47	$5571.03	71.6%	20.5%	75.5%	27.9%	0.0%	0.0%	6.2%	599	831.8K	-1.1K	0.00	9.71	N/A	N/A	1	3	3
2013-11-20	$3231.20	$5571.03	89.2%	25.6%	79.1%	38.3%	0.0%	0.0%	-7.1%	413	900.4K	-340	0.02	9.12	N/A	N/A	0	4	3
2013-11-21	$3164.35	$5571.03	97.1%	27.8%	78.8%	43.0%	0.0%	0.0%	4.8%	449	883.4K	-338	0.00	8.81	N/A	N/A	0	4	3
2013-11-22	$3142.06	$5571.03	97.8%	28.0%	78.5%	43.4%	0.0%	0.0%	4.1%	411	871.0K	-354	0.00	12.22	N/A	N/A	0	4	3
2013-11-25	$3030.64	$5571.03	108.3%	31.0%	80.1%	49.6%	0.0%	0.0%	1.4%	425	844.1K	-335	0.00	11.77	N/A	N/A	0	4	3
2013-11-26	$3208.91	$5571.03	108.1%	31.0%	82.0%	49.5%	0.0%	0.0%	-12.2%	453	891.4K	-363	0.00	9.01	N/A	N/A	0	4	3
2013-11-27	$4189.42	$5571.03	98.6%	28.3%	121.5%	43.9%	0.0%	0.0%	79.1%	1.3K	909.9K	-1.7K	0.24	11.84	N/A	N/A	1	4	3
2013-11-29	$4746.52	$5571.03	129.2%	37.0%	126.2%	62.0%	129.1%	0.0%	-8.4%	4.1K	567	-4.8K	0.00	34.58	N/A	N/A	2	4	3