DSX Options History — February 2009

In February 2009, DSX traded between $11.73 and $16.89. ATM implied volatility averaged 98.5%, placing in the 49.8% IV rank vs the trailing year. The 30-day expected move averaged 27.7%. IV traded below realized volatility by 11.5% (HV 20d: 110.1%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.75.

Notable Days

  • 2009-02-20: Highest Volume — 14,284 contracts
  • 2009-02-20: Largest IV spike — 12.4% change
  • 2009-02-11: Highest IV Rank — 55.4%
  • 2009-02-23: Largest Expected Move — 30.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.93$11.73$16.89$12.43$11.73
Max Pain$15.13$12.50$17.50$12.50$15.00
ATM IV98.5%88.2%106.7%100.4%98.9%
Expected Move27.7%23.4%30.4%28.8%28.3%
HV 20d110.1%99.7%121.0%112.2%102.7%
HV 60d122.3%112.6%133.8%132.6%112.6%
IV Rank49.8%42.7%55.4%51.0%50.0%
IV Percentile74.3%66.7%80.2%78.2%73.8%
Term Structure-6.6%-12.4%0.4%-4.7%-2.0%
VWIV97.0%82.8%111.0%97.5%100.3%
Skew 25d14.4%9.1%17.6%14.4%11.4%
Skew 10d29.4%17.5%56.3%18.1%17.5%
Call IV 25d91.4%78.1%105.5%94.9%97.9%
Put IV 25d105.9%91.4%117.3%109.3%109.3%
Bid-Ask Spread %16.067.9029.0212.2718.29
Gamma HHI0.300.240.380.270.38
Net GEX147.9K-62.8K368.5K57.5K-62.8K
Net DEX-3.0M-24.0M9.0M3.8M9.0M
Net VEX-90.9K-108.6K-75.4K-80.3K-75.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.111.840.560.86
Total Volume5,492.0531,13314,2841,1332,577
Total OI67,583.52657,44877,64057,44862,359

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$12.43$12.50100.4%28.8%112.2%51.0%97.5%14.4%-4.7%57.5K3.8M-80.3K0.5612.27N/AN/A72640728,18029,268
2009-02-03$13.49$12.5096.5%27.7%115.9%48.3%91.5%17.1%-4.2%114.9K-534.8K-84.4K0.8024.02N/AN/A1,7501,39428,27129,474
2009-02-04$15.00$12.5088.2%25.3%121.0%42.7%89.1%13.6%0.4%173.7K-8.1M-91.7K0.4120.55N/AN/A8,7873,60228,67530,092
2009-02-05$15.65$12.5092.7%26.6%113.7%45.8%91.5%15.4%-4.6%241.8K-12.8M-102.2K0.3529.02N/AN/A3,2131,11032,47031,864
2009-02-06$16.63$15.0088.6%23.4%114.0%42.9%82.8%13.4%-3.8%288.9K-20.0M-106.8K0.3215.60N/AN/A5,3111,69234,10232,396
2009-02-09$16.89$17.5094.4%24.3%113.5%46.9%84.8%13.7%-5.9%368.5K-24.0M-108.6K0.2414.07N/AN/A4,4411,05137,02133,013
2009-02-10$15.03$17.50103.4%26.8%112.0%53.1%89.7%17.3%-10.3%315.7K-10.9M-104.2K0.3711.53N/AN/A5,3461,98138,29633,162
2009-02-11$14.54$17.50106.7%28.1%112.8%55.4%100.0%16.4%-12.4%264.6K-6.5M-103.0K1.4318.47N/AN/A3,4364,92638,42433,702
2009-02-12$15.48$17.5095.7%27.4%108.4%47.9%96.1%17.6%-9.4%306.7K-13.3M-108.0K0.4920.03N/AN/A2,5021,22339,11536,074
2009-02-13$15.09$17.5095.8%27.5%109.0%47.9%91.1%16.4%-10.5%320.0K-11.5M-105.4K0.7121.47N/AN/A2,2771,62439,90236,172
2009-02-17$13.81$15.00100.0%28.7%114.7%50.8%103.2%16.7%-10.0%204.5K-1.6M-93.2K1.8418.86N/AN/A1,3152,41839,89636,355
2009-02-18$13.63$15.00102.5%29.4%106.3%52.5%103.9%15.6%-11.5%190.0K612.7K-88.3K1.4315.94N/AN/A3,5595,10140,37337,008
2009-02-19$14.09$15.0093.5%26.8%99.7%46.3%93.5%9.8%-6.0%-9.3K-745.0K-82.9K0.6412.02N/AN/A3,7612,40139,47937,540
2009-02-20$12.57$15.00105.1%30.1%108.2%54.3%111.0%16.0%-10.6%211.1K8.4M-80.5K1.078.05N/AN/A6,8857,39940,21637,424
2009-02-23$11.81$15.00106.2%30.4%110.7%55.0%107.8%11.8%-7.7%-61.9K8.6M-77.4K0.3912.14N/AN/A2,23186627,58332,006
2009-02-24$12.62$15.00103.3%29.6%106.5%53.0%101.8%14.1%-5.4%-28.8K6.3M-80.2K0.1111.40N/AN/A3,60840427,97032,154
2009-02-25$12.32$15.00101.4%29.1%106.7%51.8%106.1%14.1%-5.2%-28.6K6.9M-79.5K1.2013.49N/AN/A1,0851,29929,43032,369
2009-02-26$11.85$15.0099.2%28.4%103.0%50.2%100.7%9.1%-2.0%-56.1K8.6M-75.5K1.087.90N/AN/A1,2681,37329,65432,598
2009-02-27$11.73$15.0098.9%28.3%102.7%50.0%100.3%11.4%-2.0%-62.8K9.0M-75.4K0.8618.29N/AN/A1,3851,19229,56632,793