DSX Options History — April 2008

In April 2008, DSX traded between $26.05 and $31.56. ATM implied volatility averaged 55.7%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded below realized volatility by 0.0% (HV 20d: 55.7%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2008-04-21: Highest Volume — 8,530 contracts
  • 2008-04-10: Largest IV spike — 26.6% change
  • 2008-04-02: Highest IV Rank — 33.7%
  • 2008-04-04: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.33$26.05$31.56$27.11$30.36
Max Pain$29.32$25.00$30.00$25.00$30.00
ATM IV55.7%46.1%63.9%62.7%50.5%
Expected Move16.2%13.2%19.0%18.0%14.5%
HV 20d55.7%38.9%77.6%77.6%42.1%
HV 60d63.9%57.0%71.5%71.5%57.0%
IV Rank26.6%18.2%33.7%33.1%21.9%
IV Percentile51.1%31.7%65.5%61.9%41.7%
Term Structure-2.9%-9.8%3.6%3.1%-9.8%
VWIV55.1%47.5%60.3%59.3%52.3%
Skew 25d10.8%-1.1%16.5%13.8%-1.1%
Skew 10d21.6%6.8%33.8%33.8%6.8%
Call IV 25d51.0%37.2%55.7%50.1%54.1%
Put IV 25d61.8%53.1%68.4%63.8%53.1%
Bid-Ask Spread %19.108.6453.1013.7914.86
Gamma HHI0.450.330.560.370.51
Net GEX918.6K538.7K1.4M611.8K1.4M
Net DEX-25.2M-50.9M-9.4M-14.6M-36.1M
Net VEX-227.7K-268.3K-194.9K-220.1K-258.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.171.290.330.95
Total Volume3,254.8641,0008,5302,8372,575
Total OI67,533.45554,95274,27364,27369,558

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$27.11$25.0062.7%18.0%77.6%33.1%59.3%13.8%3.1%611.8K-14.6M-220.1K0.3313.79N/AN/A2,13770038,13926,134
2008-04-02$26.92$25.0063.4%18.2%77.6%33.7%56.7%12.4%2.9%585.0K-14.1M-223.7K0.3216.41N/AN/A75924139,35526,619
2008-04-03$27.34$25.0061.3%17.6%74.3%32.0%58.5%11.8%3.6%704.9K-16.9M-224.8K0.2022.55N/AN/A2,36547939,65726,684
2008-04-04$26.99$30.0061.1%19.0%74.0%31.8%59.3%12.1%-7.6%673.1K-16.3M-219.0K0.2818.46N/AN/A1,44740340,54926,895
2008-04-07$27.44$30.0062.6%18.7%73.8%33.0%57.1%11.5%-5.8%823.5K-19.8M-222.1K0.1716.94N/AN/A2,65645640,54427,052
2008-04-08$28.01$30.0047.3%15.6%64.3%19.4%55.9%13.7%-0.9%1.0M-25.0M-228.2K0.4025.46N/AN/A1,44557242,01927,209
2008-04-09$27.56$30.0048.6%15.5%61.6%20.5%57.8%13.0%-0.8%952.8K-21.9M-223.3K0.5820.18N/AN/A1,07762842,20827,474
2008-04-10$26.97$30.0061.5%17.6%59.7%31.4%60.3%13.6%-3.7%787.6K-16.5M-214.2K0.2922.63N/AN/A1,26436442,58427,854
2008-04-11$26.05$30.0062.5%17.9%59.6%32.3%59.3%10.7%-4.0%538.7K-9.4M-199.4K0.3616.21N/AN/A1,86666442,42727,976
2008-04-14$26.22$30.0063.9%18.3%58.8%33.5%55.7%16.0%-5.3%575.5K-10.5M-194.9K0.2817.31N/AN/A1,02028242,51528,046
2008-04-15$26.18$30.0062.4%17.9%57.4%32.3%55.3%14.5%-4.8%598.8K-11.2M-195.0K0.8518.35N/AN/A1,09192843,07128,176
2008-04-16$27.96$30.0054.3%15.6%56.6%25.4%58.1%9.2%-3.1%1.1M-24.4M-212.6K0.2623.21N/AN/A2,95976343,75228,427
2008-04-17$27.51$30.0053.3%15.3%48.9%24.2%57.3%12.8%-1.3%715.3K-22.2M-209.0K0.9722.58N/AN/A1,3201,28345,06728,937
2008-04-18$28.25$30.0048.9%14.0%47.7%20.5%50.7%12.5%2.2%770.3K-25.3M-214.8K0.4823.17N/AN/A2,7141,31144,85029,423
2008-04-21$29.57$30.0046.1%13.2%42.8%18.2%48.8%16.5%-0.7%981.9K-29.7M-221.3K0.2353.10N/AN/A6,9221,60837,16417,803
2008-04-22$30.25$30.0052.3%15.0%43.1%23.4%53.0%8.8%-3.9%956.4K-35.5M-226.6K0.2312.41N/AN/A4,7841,09237,14917,803
2008-04-23$29.87$30.0055.7%16.0%43.4%26.3%55.8%8.5%-6.4%1.1M-37.0M-251.7K0.4115.52N/AN/A4,7861,97542,52219,505
2008-04-24$30.10$30.0051.1%14.7%42.1%22.4%47.5%8.1%-1.3%1.3M-39.8M-258.2K1.299.69N/AN/A1,9862,56944,24820,768
2008-04-25$30.84$30.0051.1%14.6%38.9%22.4%52.7%3.8%-6.4%1.3M-41.5M-268.3K0.5113.19N/AN/A1,80692644,90923,018
2008-04-28$31.56$30.0053.8%15.4%39.2%24.7%48.0%12.2%-1.8%1.4M-50.9M-266.9K0.328.64N/AN/A2,97995545,33123,190
2008-04-29$30.27$30.0050.9%14.6%42.3%22.3%52.6%2.5%-7.2%1.3M-35.2M-256.6K0.5915.60N/AN/A2,1641,28645,61723,508
2008-04-30$30.36$30.0050.5%14.5%42.1%21.9%52.3%-1.1%-9.8%1.4M-36.1M-258.3K0.9514.86N/AN/A1,3211,25445,96023,598