DSX Options History — December 2009

In December 2009, DSX traded between $14.37 and $16.24. ATM implied volatility averaged 46.6%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 0.3% (HV 20d: 46.9%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2009-12-21: Highest Volume — 4,249 contracts
  • 2009-12-21: Largest IV drop — 9.1% change
  • 2009-12-01: Highest IV Rank — 16.9%
  • 2009-12-01: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.08$14.37$16.24$16.24$14.48
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV46.6%38.0%57.1%57.1%40.1%
Expected Move13.4%10.9%16.4%16.4%11.5%
HV 20d46.9%29.2%64.2%64.2%29.2%
HV 60d52.4%49.2%54.5%54.5%49.2%
IV Rank8.8%0.0%16.9%16.9%2.5%
IV Percentile9.1%0.0%35.7%35.7%1.6%
Term Structure2.8%-2.9%8.6%-2.9%4.1%
VWIV46.7%38.7%52.9%52.9%39.8%
Skew 25d3.5%-15.6%18.1%7.6%-3.5%
Skew 10d6.0%-24.9%29.0%8.7%-1.2%
Call IV 25d45.3%29.8%52.0%49.5%36.8%
Put IV 25d48.8%31.4%57.1%57.1%33.3%
Bid-Ask Spread %10.375.8418.0711.936.47
Gamma HHI0.370.290.730.310.36
Net GEX770.9K218.0K2.7M922.0K350.0K
Net DEX-12.3M-29.1M-2.7M-29.1M-5.5M
Net VEX-104.9K-135.9K-86.8K-135.9K-87.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.091.120.281.12
Total Volume2,510.6368514,2493,290851
Total OI77,681.90957,25289,67983,37065,283

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$16.24$15.0057.1%16.4%64.2%16.9%52.9%7.6%-2.9%922.0K-29.1M-135.9K0.2811.93N/AN/A2,57371755,57527,795
2009-12-02$16.11$15.0053.7%15.4%64.0%13.8%52.7%1.8%-0.4%959.0K-27.9M-134.9K0.3112.74N/AN/A1,46444956,87827,952
2009-12-03$15.99$15.0053.0%15.2%63.6%13.9%50.1%3.8%-0.3%948.7K-26.8M-134.1K0.4512.59N/AN/A1,14051757,27128,133
2009-12-04$15.88$15.0049.6%14.9%63.3%11.3%50.5%4.8%-0.2%930.2K-24.2M-127.6K0.2518.07N/AN/A1,52838757,44728,221
2009-12-07$15.59$15.0052.8%15.2%63.9%15.2%52.5%4.0%-0.1%862.9K-20.5M-120.5K0.8310.93N/AN/A68557257,26128,453
2009-12-08$14.99$15.0054.1%14.9%64.0%16.6%52.1%3.8%2.2%690.9K-12.4M-113.8K0.8110.64N/AN/A1,5091,21557,16528,726
2009-12-09$15.09$15.0050.1%15.0%63.8%12.2%52.1%3.0%1.3%714.7K-12.4M-112.3K0.2411.21N/AN/A1,97746557,36629,008
2009-12-10$14.76$15.0050.0%14.3%52.4%12.3%51.1%3.1%2.4%667.0K-8.4M-108.9K0.6211.08N/AN/A1,44488958,16929,068
2009-12-11$14.77$15.0049.3%14.1%51.9%13.0%49.7%0.9%1.9%699.5K-8.2M-105.9K0.6211.28N/AN/A1,39185658,17629,038
2009-12-14$15.24$15.0049.5%14.2%50.1%13.1%49.9%0.6%2.5%899.3K-14.8M-104.8K0.6913.24N/AN/A1,9991,38558,38529,146
2009-12-15$15.27$15.0048.6%13.9%48.3%12.1%48.7%2.7%4.2%946.1K-15.3M-104.2K0.6510.37N/AN/A1,6781,09058,67629,874
2009-12-16$15.00$15.0048.0%13.8%47.7%11.3%48.2%2.6%2.9%1.0M-11.6M-101.9K0.4010.56N/AN/A2,5191,02058,97629,874
2009-12-17$14.98$15.0045.9%13.2%43.6%8.8%46.1%6.5%5.6%1.4M-9.9M-99.4K0.3413.02N/AN/A1,55052359,49530,031
2009-12-18$14.90$15.0044.5%12.8%36.2%7.1%44.6%3.4%4.4%2.7M-5.0M-96.5K0.8811.53N/AN/A2,2091,94959,53130,148
2009-12-21$14.78$15.0040.5%11.6%33.2%2.1%41.2%-15.6%5.7%283.0K-5.4M-87.6K0.217.95N/AN/A3,51173837,11620,136
2009-12-22$14.37$15.0040.5%11.6%30.7%2.1%40.5%5.0%4.1%218.0K-2.7M-86.8K0.507.55N/AN/A2,3741,19138,99420,520
2009-12-23$14.80$15.0038.0%10.9%33.1%0.0%38.9%14.7%8.6%339.5K-5.8M-90.5K0.325.84N/AN/A1,96962139,28421,073
2009-12-24$14.63$15.0040.0%11.5%33.2%2.4%40.2%0.3%3.5%327.6K-5.2M-91.3K0.646.48N/AN/A78049640,14221,124
2009-12-28$14.49$15.0040.8%11.7%32.5%3.4%46.9%11.2%4.6%281.2K-3.8M-87.3K0.098.34N/AN/A2,43122540,40421,520
2009-12-29$14.89$15.0040.4%11.6%33.4%2.9%40.4%18.1%3.8%422.6K-8.4M-88.7K0.198.69N/AN/A2,16240941,43921,622
2009-12-30$14.60$15.0039.2%11.2%29.2%1.4%38.7%-1.2%3.2%397.0K-6.4M-88.0K0.737.64N/AN/A1,02874843,00821,499
2009-12-31$14.48$15.0040.1%11.5%29.2%2.5%39.8%-3.5%4.1%350.0K-5.5M-87.3K1.126.47N/AN/A40145043,29221,991