DSX Options History — February 2013

In February 2013, DSX traded between $8.44 and $9.05. ATM implied volatility averaged 35.3%, placing in the 52.4% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 9.6% (HV 20d: 25.7%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.38.

Notable Days

2013-02-14: Highest Volume — 885 contracts
2013-02-28: Largest IV spike — 29.2% change
2013-02-28: Highest IV Rank — 73.4%
2013-02-28: Largest Expected Move — 12.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.74	$8.44	$9.05	$8.80	$8.49
Max Pain	$7.00	$7.00	$7.00	$7.00	$7.00
ATM IV	35.3%	30.0%	43.6%	31.3%	43.6%
Expected Move	10.3%	9.4%	12.5%	10.1%	12.5%
HV 20d	25.7%	16.4%	31.2%	31.2%	27.7%
HV 60d	29.2%	28.1%	30.7%	30.7%	28.9%
IV Rank	52.4%	38.7%	73.4%	42.1%	73.4%
IV Percentile	45.7%	14.3%	93.3%	19.8%	93.3%
Term Structure	-2.1%	-7.5%	0.3%	-1.1%	-7.5%
VWIV	35.6%	25.2%	40.7%	35.7%	40.7%
Skew 25d	4.2%	-6.4%	13.3%	4.1%	6.0%
Skew 10d	5.0%	-7.1%	21.6%	0.7%	6.0%
Call IV 25d	31.6%	25.1%	39.6%	34.0%	38.6%
Put IV 25d	35.8%	22.9%	44.6%	38.1%	44.6%
Bid-Ask Spread %	9.55	5.60	14.70	10.74	14.70
Gamma HHI	0.69	0.43	0.95	0.78	0.52
Net GEX	371.0K	87.7K	1.2M	382.8K	99.8K
Net DEX	-4.6M	-7.7M	-2.7M	-5.9M	-2.8M
Net VEX	-12.2K	-14.8K	-10.6K	-14.8K	-11.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.00	2.58	0.27	0.25
Total Volume	326.053	94	885	213	144
Total OI	14,684.895	10,544	17,549	16,862	12,024

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-02-01	$8.80	$7.00	31.3%	10.1%	31.2%	42.1%	35.7%	4.1%	-1.1%	382.8K	-5.9M	-14.8K	0.27	10.74	N/A	N/A	168	45	13,427	3,435
2013-02-04	$8.68	$7.00	35.1%	10.6%	26.9%	51.8%	37.4%	2.3%	-3.4%	344.5K	-5.1M	-13.9K	0.17	9.43	N/A	N/A	165	28	13,411	3,466
2013-02-05	$8.62	$7.00	34.0%	10.5%	26.9%	49.0%	38.9%	7.8%	-2.2%	344.0K	-4.7M	-13.6K	0.00	9.54	N/A	N/A	105	0	13,510	3,473
2013-02-06	$8.71	$7.00	30.0%	10.3%	26.3%	38.7%	37.2%	11.0%	-2.3%	412.5K	-5.2M	-13.6K	0.54	11.78	N/A	N/A	61	33	13,588	3,473
2013-02-07	$8.65	$7.00	35.8%	10.3%	26.4%	53.6%	35.5%	8.2%	-1.7%	381.4K	-4.9M	-13.4K	0.10	12.68	N/A	N/A	102	10	13,613	3,488
2013-02-08	$8.78	$7.00	34.1%	9.8%	26.2%	49.2%	34.4%	12.5%	-0.4%	533.4K	-5.8M	-13.0K	0.00	10.11	N/A	N/A	208	0	13,689	3,489
2013-02-11	$8.85	$7.00	34.5%	9.9%	25.4%	50.4%	34.9%	10.8%	-0.7%	559.9K	-6.0M	-12.4K	2.58	13.79	N/A	N/A	67	173	13,826	3,489
2013-02-12	$9.05	$7.00	32.7%	9.4%	26.4%	45.7%	25.2%	-6.3%	-0.2%	674.3K	-7.7M	-12.3K	0.16	5.60	N/A	N/A	649	106	13,833	3,658
2013-02-13	$9.05	$7.00	33.3%	9.5%	26.4%	47.1%	28.5%	-6.4%	-0.7%	808.4K	-7.7M	-12.2K	0.02	5.87	N/A	N/A	446	8	13,758	3,764
2013-02-14	$8.92	$7.00	32.8%	9.4%	27.0%	45.9%	32.8%	-0.6%	-0.2%	1.2M	-5.6M	-11.8K	0.09	7.57	N/A	N/A	809	76	13,781	3,768
2013-02-15	$8.82	$7.00	32.9%	9.4%	27.4%	46.2%	33.5%	-4.5%	0.3%	610.0K	-4.8M	-11.4K	0.22	7.98	N/A	N/A	509	112	13,292	3,839
2013-02-19	$8.94	$7.00	34.3%	9.8%	27.7%	49.8%	34.0%	13.3%	-2.8%	91.6K	-3.6M	-10.6K	0.05	6.59	N/A	N/A	99	5	7,251	3,293
2013-02-20	$8.99	$7.00	35.3%	10.1%	16.4%	52.3%	35.2%	2.4%	-4.3%	94.4K	-3.8M	-10.8K	0.70	6.43	N/A	N/A	153	107	7,327	3,296
2013-02-21	$8.58	$7.00	39.1%	11.2%	23.2%	62.0%	39.5%	4.4%	-7.1%	87.7K	-2.8M	-11.0K	0.38	9.75	N/A	N/A	601	230	7,442	3,399
2013-02-22	$8.46	$7.00	37.7%	10.8%	23.5%	58.4%	37.7%	0.7%	-1.7%	89.7K	-2.7M	-11.5K	0.41	9.24	N/A	N/A	113	46	7,838	3,531
2013-02-25	$8.44	$7.00	40.5%	11.6%	23.5%	65.6%	40.1%	1.2%	-3.0%	88.8K	-2.7M	-11.3K	0.00	10.45	N/A	N/A	95	0	7,902	3,570
2013-02-26	$8.49	$7.00	40.3%	11.6%	23.7%	65.2%	40.5%	3.2%	-1.2%	92.0K	-2.8M	-11.3K	0.87	10.50	N/A	N/A	61	53	7,945	3,560
2013-02-27	$8.73	$7.00	33.7%	9.7%	25.9%	48.3%	34.3%	9.9%	-0.3%	104.9K	-3.3M	-11.1K	0.40	8.76	N/A	N/A	434	174	7,979	3,586
2013-02-28	$8.49	$7.00	43.6%	12.5%	27.7%	73.4%	40.7%	6.0%	-7.5%	99.8K	-2.8M	-11.2K	0.25	14.70	N/A	N/A	115	29	8,320	3,704