DSX Options History — April 2009

In April 2009, DSX traded between $11.73 and $15.70. ATM implied volatility averaged 78.3%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 22.8%. IV traded below realized volatility by 6.6% (HV 20d: 85.0%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2009-04-17: Highest Volume — 6,854 contracts
  • 2009-04-09: Largest IV spike — 7.1% change
  • 2009-04-01: Highest IV Rank — 44.0%
  • 2009-04-07: Largest Expected Move — 26.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.09$11.73$15.70$11.73$15.70
Max Pain$12.86$12.50$15.00$12.50$15.00
ATM IV78.3%68.6%90.1%90.1%71.1%
Expected Move22.8%19.7%26.3%25.8%20.4%
HV 20d85.0%70.4%92.2%85.8%70.7%
HV 60d100.4%94.3%107.9%106.9%94.3%
IV Rank35.9%29.3%44.0%44.0%31.0%
IV Percentile46.8%41.7%55.6%55.6%42.5%
Term Structure0.2%-3.1%6.0%4.4%-1.3%
VWIV79.2%67.0%94.5%94.5%67.0%
Skew 25d14.8%8.1%19.5%8.1%14.6%
Skew 10d28.9%-0.2%40.0%-0.2%25.5%
Call IV 25d73.6%60.9%89.4%89.4%64.4%
Put IV 25d88.4%74.2%98.8%97.6%78.9%
Bid-Ask Spread %17.8511.5424.7715.8721.28
Gamma HHI0.340.240.800.240.33
Net GEX323.6K95.0K1.5M95.0K401.6K
Net DEX-8.0M-17.8M911.9K911.9K-14.9M
Net VEX-84.8K-91.5K-72.5K-72.5K-91.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.152.622.620.83
Total Volume2,354.3815406,8543,0802,729
Total OI51,197.42946,57654,16846,57653,898

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$11.73$12.5090.1%25.8%85.8%44.0%94.5%8.1%4.4%95.0K911.9K-72.5K2.6215.87N/AN/A8512,22926,38820,188
2009-04-02$12.78$12.5084.8%24.3%91.2%40.3%85.2%13.1%6.0%149.8K-2.7M-81.3K0.7422.00N/AN/A3,0742,28226,66721,240
2009-04-03$13.43$12.5082.6%25.7%92.2%38.8%83.9%16.6%-1.2%207.9K-5.8M-87.7K0.6415.95N/AN/A87356327,73222,633
2009-04-06$13.23$12.5085.1%25.9%91.5%40.6%91.5%17.9%-2.9%200.1K-4.6M-84.4K0.4417.88N/AN/A37616428,07622,783
2009-04-07$12.47$12.5085.3%26.3%88.1%40.7%86.9%13.9%-3.1%146.5K-1.2M-78.6K0.5017.48N/AN/A80840628,21322,861
2009-04-08$12.42$12.5081.8%25.3%86.7%38.3%88.5%16.4%-1.0%144.6K-725.3K-77.3K0.9720.37N/AN/A73871628,23922,880
2009-04-09$13.19$12.5087.6%25.1%88.1%42.3%79.5%18.3%-2.2%221.4K-4.3M-82.5K0.1722.30N/AN/A1,17420528,64423,244
2009-04-13$14.05$12.5083.2%23.9%89.0%39.3%82.9%14.4%-2.1%320.4K-9.6M-84.8K0.3111.54N/AN/A2,99292329,24423,271
2009-04-14$13.97$12.5081.1%23.3%87.7%37.8%83.9%14.5%0.4%333.4K-9.6M-86.3K0.4313.98N/AN/A1,83378630,22323,413
2009-04-15$13.89$12.5080.2%23.0%87.6%37.2%84.7%16.7%1.6%320.6K-8.7M-84.2K0.5214.56N/AN/A48125030,60923,559
2009-04-16$14.38$12.5079.2%22.7%88.0%36.5%80.2%13.8%-0.8%422.7K-11.5M-82.6K0.1911.88N/AN/A2,01437829,98823,212
2009-04-17$15.13$12.5075.3%21.6%88.2%33.9%74.3%9.6%0.7%1.5M-17.8M-84.8K0.1517.99N/AN/A5,98087430,58023,465
2009-04-20$14.13$12.5077.7%22.3%84.9%35.5%79.3%12.4%0.0%189.6K-5.8M-82.7K0.8821.02N/AN/A1,3541,18625,90121,176
2009-04-21$15.11$12.5073.9%21.2%85.1%32.9%73.2%17.3%1.9%256.5K-10.1M-88.8K0.4522.79N/AN/A1,40563026,64621,877
2009-04-22$14.99$12.5070.9%20.3%84.2%30.9%72.0%19.5%3.1%267.6K-10.0M-89.5K0.2223.75N/AN/A1,96544027,31322,219
2009-04-23$14.85$12.5072.6%20.8%83.2%32.0%72.9%15.7%1.6%266.2K-8.6M-87.7K0.3224.77N/AN/A1,13036127,81522,166
2009-04-24$15.68$12.5068.6%19.7%84.5%29.3%68.3%13.3%1.6%341.9K-13.4M-90.7K0.4214.22N/AN/A1,74873528,46322,417
2009-04-27$14.91$12.5072.3%20.7%86.6%31.8%71.4%15.4%-0.1%331.4K-9.8M-87.7K0.4713.50N/AN/A1,56973929,70522,381
2009-04-28$14.74$15.0071.8%20.6%70.4%31.4%72.6%14.2%-0.6%312.9K-8.7M-86.5K0.6515.40N/AN/A85055129,62522,931
2009-04-29$15.16$15.0070.1%20.1%70.6%30.3%69.8%14.2%-0.6%359.4K-10.8M-88.6K0.2516.31N/AN/A86121930,16023,101
2009-04-30$15.70$15.0071.1%20.4%70.7%31.0%67.0%14.6%-1.3%401.6K-14.9M-91.5K0.8321.28N/AN/A1,4911,23830,72323,175