DSS Options History — April 2014

In April 2014, DSS traded between $2518.11 and $3030.64. ATM implied volatility averaged 134.7%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 35.6%. IV traded above realized volatility by 51.3% (HV 20d: 83.4%). Max pain ranged from $5571.03 to $5571.03. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.36.

Notable Days

2014-04-10: Largest IV drop — 34.1% change
2014-04-08: Highest IV Rank — 85.9%
2014-04-28: Largest Expected Move — 44.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2884.20	$2518.11	$3030.64	$3008.36	$2830.08
Max Pain	$5571.03	$5571.03	$5571.03	$5571.03	$5571.03
ATM IV	134.7%	102.3%	174.4%	141.0%	148.4%
Expected Move	35.6%	27.8%	44.0%	40.4%	42.5%
HV 20d	83.4%	61.0%	96.1%	84.4%	61.0%
HV 60d	72.0%	65.4%	86.6%	86.6%	66.6%
IV Rank	56.2%	32.0%	85.9%	60.9%	66.5%
IV Percentile	74.0%	40.1%	96.4%	82.9%	86.1%
Term Structure	16.1%	-54.5%	55.2%	-25.0%	-54.5%
Bid-Ask Spread %	60.40	7.94	109.57	56.32	11.07
Gamma HHI	1.00	0.96	1.00	1.00	1.00
Net GEX	163	-29	1.8K	0	-27
Net DEX	653.0K	429.3K	710.2K	705.0K	667.4K
Net VEX	-184	-1.9K	0	0	-19
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.00	3.40	0.00	0.00
Total Volume	0	0	0	0	0
Total OI	6	6	6	6	6

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 OI	Put OI
2014-04-01	$3008.36	$5571.03	141.0%	40.4%	84.4%	60.9%	0.0%	0.0%	-25.0%	0	705.0K	0	0.00	56.32	N/A	N/A	4	2
2014-04-02	$3030.64	$5571.03	146.2%	41.9%	84.0%	64.8%	0.0%	0.0%	-27.0%	1	710.2K	0	0.00	59.63	N/A	N/A	4	2
2014-04-03	$3030.64	$5571.03	138.0%	39.6%	83.8%	58.7%	0.0%	0.0%	-29.6%	1.8K	457.1K	-1.9K	0.00	10.16	N/A	N/A	4	2
2014-04-04	$2896.94	$5571.03	131.7%	27.8%	83.3%	53.9%	0.0%	0.0%	32.8%	1.7K	429.3K	-1.9K	0.00	85.95	N/A	N/A	4	2
2014-04-07	$2963.79	$5571.03	169.4%	28.2%	84.0%	82.1%	0.0%	0.0%	39.7%	1	691.9K	0	0.10	85.95	N/A	N/A	4	2
2014-04-08	$2919.22	$5571.03	174.4%	29.0%	83.9%	85.9%	0.0%	0.0%	55.2%	1	684.2K	0	0.00	88.79	N/A	N/A	4	2
2014-04-09	$2986.07	$5571.03	155.1%	32.7%	84.2%	71.5%	0.0%	0.0%	34.3%	0	699.9K	0	0.00	88.45	N/A	N/A	4	2
2014-04-10	$2874.65	$5571.03	102.3%	29.3%	84.5%	32.0%	0.0%	0.0%	51.0%	0	673.8K	0	0.00	9.68	N/A	N/A	4	2
2014-04-11	$2874.65	$5571.03	103.7%	29.7%	84.5%	33.0%	0.0%	0.0%	50.9%	0	673.8K	0	0.00	14.09	N/A	N/A	4	2
2014-04-14	$2785.52	$5571.03	104.6%	30.0%	83.5%	33.7%	0.0%	0.0%	52.6%	0	652.9K	0	0.00	88.45	N/A	N/A	4	2
2014-04-15	$2518.11	$5571.03	125.5%	36.0%	88.7%	49.3%	0.0%	0.0%	53.8%	0	591.1K	0	0.00	88.66	N/A	N/A	4	2
2014-04-16	$2740.95	$5571.03	116.1%	33.3%	94.7%	42.3%	0.0%	0.0%	-14.3%	0	642.4K	0	0.00	7.94	N/A	N/A	4	2
2014-04-17	$2718.66	$5571.03	105.8%	30.3%	94.2%	34.6%	0.0%	0.0%	-15.5%	0	637.2K	0	0.00	100.84	N/A	N/A	4	2
2014-04-21	$2852.37	$5571.03	131.1%	37.6%	95.8%	53.5%	0.0%	0.0%	48.3%	0	668.2K	0	0.00	59.82	N/A	N/A	4	2
2014-04-22	$2941.50	$5571.03	136.6%	39.1%	96.1%	57.6%	0.0%	0.0%	47.7%	0	689.0K	0	0.14	89.07	N/A	N/A	4	2
2014-04-23	$2963.79	$5571.03	120.3%	34.5%	95.4%	45.4%	0.0%	0.0%	47.8%	-11	695.9K	-8	3.40	11.31	N/A	N/A	4	2
2014-04-24	$3008.36	$5571.03	134.6%	38.6%	84.9%	56.2%	0.0%	0.0%	45.4%	-29	709.5K	-20	0.00	88.45	N/A	N/A	4	2
2014-04-25	$2919.22	$5571.03	144.8%	41.5%	67.8%	63.8%	0.0%	0.0%	44.1%	-28	688.3K	-20	0.00	109.57	N/A	N/A	4	2
2014-04-28	$2852.37	$5571.03	153.4%	44.0%	67.7%	70.2%	0.0%	0.0%	-48.5%	-26	672.5K	-20	0.00	15.28	N/A	N/A	4	2
2014-04-29	$2852.37	$5571.03	145.5%	41.7%	64.2%	64.3%	0.0%	0.0%	-51.1%	-28	672.9K	-18	0.00	98.95	N/A	N/A	4	2
2014-04-30	$2830.08	$5571.03	148.4%	42.5%	61.0%	66.5%	0.0%	0.0%	-54.5%	-27	667.4K	-19	0.00	11.07	N/A	N/A	4	2