DSX Options History — March 2009

In March 2009, DSX traded between $10.15 and $13.54. ATM implied volatility averaged 95.9%, placing in the 48.0% IV rank vs the trailing year. The 30-day expected move averaged 27.2%. IV traded below realized volatility by 12.4% (HV 20d: 108.3%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.54.

Notable Days

  • 2009-03-02: Highest Volume — 6,766 contracts
  • 2009-03-30: Largest IV spike — 14.4% change
  • 2009-03-02: Highest IV Rank — 62.6%
  • 2009-03-02: Largest Expected Move — 33.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.43$10.15$13.54$10.15$11.79
Max Pain$12.95$12.50$15.00$15.00$12.50
ATM IV95.9%82.9%117.3%117.3%90.2%
Expected Move27.2%23.8%33.6%33.6%25.9%
HV 20d108.3%99.0%121.1%113.7%99.0%
HV 60d109.6%103.7%119.3%116.2%107.1%
IV Rank48.0%39.0%62.6%62.6%44.1%
IV Percentile65.1%52.0%85.3%85.3%56.3%
Term Structure-0.2%-7.2%7.3%-7.2%3.3%
VWIV94.1%80.6%115.8%115.8%91.6%
Skew 25d14.6%8.7%18.5%18.5%13.8%
Skew 10d27.8%1.9%41.0%28.7%41.0%
Call IV 25d89.0%75.7%110.4%110.4%87.9%
Put IV 25d103.7%91.3%129.0%129.0%101.7%
Bid-Ask Spread %16.947.9926.507.9915.09
Gamma HHI0.290.210.520.500.24
Net GEX61.5K-122.9K350.3K-122.9K92.4K
Net DEX3.4M-3.4M13.8M13.8M772.1K
Net VEX-73.6K-82.2K-61.4K-61.4K-73.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.093.390.620.64
Total Volume2,876.1821,2366,7666,7661,411
Total OI60,113.77336,85771,77863,20145,927

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$10.15$15.00117.3%33.6%113.7%62.6%115.8%18.5%-7.2%-122.9K13.8M-61.4K0.627.99N/AN/A4,1892,57729,70933,492
2009-03-03$10.66$15.00114.8%32.9%113.9%60.9%109.0%16.1%-5.7%-112.4K12.5M-67.2K0.7315.51N/AN/A1,06477331,09034,126
2009-03-04$12.23$15.00104.2%29.9%121.1%53.6%106.2%8.7%-4.7%-21.2K6.4M-78.9K0.1912.23N/AN/A5,3011,02531,50633,909
2009-03-05$12.09$15.00107.2%30.7%113.8%55.7%107.7%11.6%-6.7%-1.4K6.3M-81.2K0.239.02N/AN/A1,42732833,84434,254
2009-03-06$11.86$12.50104.4%28.8%112.1%53.8%105.3%15.6%-4.4%-20.4K7.0M-77.9K0.5214.24N/AN/A1,38572534,06734,420
2009-03-09$12.38$12.50108.2%28.9%110.7%56.4%98.1%16.3%-5.2%11.1K5.4M-77.9K0.0918.67N/AN/A1,94517133,96434,515
2009-03-10$13.53$12.50102.5%28.0%116.3%52.5%93.4%14.6%-2.3%115.9K31.0K-82.2K0.1514.98N/AN/A3,13246933,92134,612
2009-03-11$12.91$12.50102.9%28.5%110.3%52.7%100.0%16.4%-4.3%58.4K3.4M-76.3K3.3917.02N/AN/A6402,16833,92134,489
2009-03-12$13.47$12.5095.0%27.2%111.3%47.3%92.1%14.6%-0.7%96.6K1.4M-78.4K1.5517.41N/AN/A8761,36234,05435,649
2009-03-13$12.83$12.5095.5%27.4%109.5%47.7%96.1%17.5%-2.1%51.2K4.3M-75.4K0.3519.53N/AN/A91532234,56235,426
2009-03-16$12.35$12.5094.1%27.0%109.8%46.7%93.0%17.8%-1.0%32.8K5.8M-70.3K0.5818.01N/AN/A98756835,11335,213
2009-03-17$12.63$12.5091.1%26.1%106.3%44.7%90.2%15.7%1.1%86.4K4.7M-70.1K0.1924.72N/AN/A1,03919735,34635,213
2009-03-18$12.90$12.5090.2%25.9%106.6%44.0%90.7%16.0%2.5%148.3K3.1M-69.2K0.2526.50N/AN/A1,05526735,48535,192
2009-03-19$13.54$12.5088.7%25.4%107.4%43.0%83.8%13.5%1.4%49.9K-498.6K-70.0K0.1417.06N/AN/A2,72437235,70235,245
2009-03-20$12.34$12.5087.7%25.1%104.7%42.3%88.9%12.6%4.8%350.3K7.7M-66.9K0.6922.96N/AN/A1,8041,24536,43835,340
2009-03-23$13.17$12.5085.3%24.5%104.6%40.7%84.2%14.8%4.9%64.7K-1.5M-70.3K0.2524.15N/AN/A4,6271,16118,94817,909
2009-03-24$12.77$12.5086.0%24.6%102.7%41.2%83.3%14.1%4.1%91.7K-1.7M-74.6K0.249.89N/AN/A1,42233521,66418,483
2009-03-25$12.39$12.5083.4%23.9%102.9%39.4%83.7%12.6%5.7%84.9K-355.7K-72.1K0.4015.47N/AN/A1,93777722,38818,587
2009-03-26$12.75$12.5083.9%24.0%102.3%39.7%82.2%17.6%5.0%99.1K-1.6M-75.5K0.1813.25N/AN/A1,67330722,60419,049
2009-03-27$13.20$12.5082.9%23.8%102.8%39.0%80.6%13.3%7.3%122.3K-3.4M-80.3K0.1715.13N/AN/A3,15653623,44419,285
2009-03-30$11.58$12.5094.8%27.2%100.2%47.2%95.1%10.7%-1.1%75.5K1.5M-69.2K0.2423.91N/AN/A3,93594724,90319,495
2009-03-31$11.79$12.5090.2%25.9%99.0%44.1%91.6%13.8%3.3%92.4K772.1K-73.7K0.6415.09N/AN/A86254926,09019,837