DSX Options History — May 2008

In May 2008, DSX traded between $30.90 and $39.00. ATM implied volatility averaged 50.6%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 5.7% (HV 20d: 44.9%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.29.

Notable Days

  • 2008-05-22: Highest Volume — 97,362 contracts
  • 2008-05-15: Largest IV spike — 82.5% change
  • 2008-05-13: Highest IV Rank — 34.3%
  • 2008-05-19: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.61$30.90$39.00$30.90$34.99
Max Pain$30.00$25.00$35.00$30.00$35.00
ATM IV50.6%25.9%65.1%49.9%50.0%
Expected Move14.6%13.1%16.3%14.3%14.3%
HV 20d44.9%35.7%55.5%42.1%55.4%
HV 60d56.4%54.3%59.5%56.1%58.3%
IV Rank21.9%0.9%34.3%21.4%21.5%
IV Percentile40.1%0.8%68.7%38.5%35.3%
Term Structure-0.7%-3.7%2.3%-3.3%1.3%
VWIV53.4%47.3%73.9%50.9%50.6%
Skew 25d4.8%1.3%8.3%7.0%1.3%
Skew 10d9.6%0.4%25.4%14.4%0.4%
Call IV 25d50.3%44.2%57.6%47.2%51.4%
Put IV 25d55.1%49.7%61.0%54.2%52.7%
Bid-Ask Spread %10.265.2417.7917.795.24
Gamma HHI0.370.260.720.510.32
Net GEX1.6M869.1K4.2M1.5M1.4M
Net DEX-65.6M-131.1M-19.1M-41.9M-39.8M
Net VEX-294.8K-342.1K-260.9K-261.5K-337.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.030.570.500.43
Total Volume12,227.7621,21197,3621,2113,106
Total OI75,77767,89283,81170,82877,389

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$30.90$30.0049.9%14.3%42.1%21.4%50.9%7.0%-3.3%1.5M-41.9M-261.5K0.5017.79N/AN/A80540646,37724,451
2008-05-02$32.07$30.0052.8%15.1%42.9%23.8%48.2%7.8%-3.4%1.5M-54.9M-264.3K0.375.68N/AN/A5,1681,89446,51724,522
2008-05-05$32.36$25.0052.5%14.4%42.8%23.6%50.3%8.3%-1.8%1.7M-61.2M-261.6K0.2014.19N/AN/A3,10761148,71625,111
2008-05-06$33.28$25.0049.1%13.2%43.2%20.7%49.5%7.8%-0.9%1.7M-70.1M-264.7K0.1813.30N/AN/A3,26760348,63025,422
2008-05-07$33.76$25.0046.6%13.1%42.2%18.6%47.3%7.6%0.9%1.9M-73.0M-265.5K0.2311.24N/AN/A4,9431,11549,07525,731
2008-05-08$32.75$25.0043.6%13.5%43.2%16.0%51.7%8.1%0.6%1.7M-63.2M-263.8K0.3310.17N/AN/A5,5321,84649,16326,337
2008-05-09$32.58$25.0044.9%13.6%40.3%17.1%49.5%8.3%0.4%1.7M-61.0M-268.0K0.248.75N/AN/A1,87844250,10426,988
2008-05-12$33.62$30.0047.1%13.6%40.9%19.0%52.6%5.2%1.1%1.9M-76.2M-266.0K0.2212.44N/AN/A4,26493450,67827,081
2008-05-13$34.31$30.0065.1%14.5%40.6%34.3%51.9%4.4%-3.7%2.0M-86.2M-264.1K0.2512.51N/AN/A11,5292,90851,14127,453
2008-05-14$34.93$30.0025.9%13.1%35.7%0.9%47.6%4.3%2.3%4.2M-99.3M-260.9K0.2910.96N/AN/A15,5454,49054,19928,397
2008-05-15$36.60$30.0047.3%13.6%36.3%19.2%50.3%4.0%0.0%1.5M-116.7M-277.7K0.107.52N/AN/A11,6781,14753,61030,201
2008-05-16$39.00$30.0049.3%14.1%40.1%20.9%52.3%3.5%-1.0%1.6M-131.1M-288.3K0.289.30N/AN/A12,6013,48152,74630,497
2008-05-19$38.06$30.0056.7%16.3%41.0%27.2%59.2%3.3%-3.6%1.4M-83.2M-313.6K0.2512.55N/AN/A17,2234,31243,69924,193
2008-05-20$38.80$30.0054.5%15.6%40.9%25.3%55.9%2.3%-3.6%1.6M-85.6M-339.9K0.339.64N/AN/A5,5851,82246,95425,923
2008-05-21$37.30$30.0054.0%15.5%44.1%24.9%55.0%1.4%0.4%1.5M-70.6M-341.2K0.358.61N/AN/A5,4711,93847,92827,185
2008-05-22$34.86$30.0051.9%14.9%52.2%23.1%73.9%2.7%2.0%1.2M-44.1M-335.8K0.038.68N/AN/A94,5212,84149,21428,129
2008-05-23$33.69$35.0054.6%15.7%53.8%25.4%55.9%1.8%-1.0%943.7K-22.9M-332.0K0.5710.97N/AN/A4,3312,47244,65728,492
2008-05-27$32.98$35.0056.2%16.1%54.0%26.7%57.7%2.4%-0.9%869.1K-19.1M-321.4K0.479.99N/AN/A2,8921,37245,40528,598
2008-05-28$35.08$35.0055.1%15.8%55.3%25.8%55.7%4.8%0.8%1.3M-39.4M-342.1K0.256.67N/AN/A3,57390845,93128,780
2008-05-29$34.87$35.0054.3%15.6%55.5%25.1%55.0%3.7%-1.0%1.3M-37.5M-321.9K0.279.16N/AN/A3,32989346,83128,862
2008-05-30$34.99$35.0050.0%14.3%55.4%21.5%50.6%1.3%1.3%1.4M-39.8M-337.4K0.435.24N/AN/A2,16793948,24229,147