DSX Options History — October 2013

In October 2013, DSX traded between $11.30 and $12.60. ATM implied volatility averaged 42.1%, placing in the 60.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 4.9% (HV 20d: 37.3%). Max pain ranged from $12.00 to $12.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.56.

Notable Days

2013-10-01: Highest Volume — 3,105 contracts
2013-10-18: Largest IV drop — 7.9% change
2013-10-09: Highest IV Rank — 75.6%
2013-10-09: Largest Expected Move — 13.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.98	$11.30	$12.60	$12.46	$11.34
Max Pain	$12.00	$12.00	$12.00	$12.00	$12.00
ATM IV	42.1%	35.5%	48.7%	45.4%	35.5%
Expected Move	12.1%	10.2%	13.8%	13.0%	10.2%
HV 20d	37.3%	32.9%	43.8%	43.8%	34.1%
HV 60d	42.7%	41.7%	45.1%	42.8%	42.2%
IV Rank	60.9%	46.0%	75.6%	68.2%	46.0%
IV Percentile	70.4%	34.1%	96.0%	87.3%	34.1%
Term Structure	2.3%	-1.8%	5.6%	0.1%	4.8%
VWIV	42.4%	35.8%	47.4%	44.7%	35.8%
Skew 25d	0.4%	-4.8%	6.8%	1.8%	-4.8%
Skew 10d	1.9%	-15.0%	19.0%	6.7%	-2.1%
Call IV 25d	42.4%	36.6%	47.1%	44.4%	36.6%
Put IV 25d	42.8%	31.8%	48.6%	46.2%	31.8%
Bid-Ask Spread %	9.21	5.62	21.53	5.62	21.53
Gamma HHI	0.26	0.19	0.31	0.30	0.19
Net GEX	196.8K	110.7K	326.3K	252.6K	113.9K
Net DEX	-7.2M	-12.3M	-3.7M	-10.2M	-3.9M
Net VEX	-43.1K	-48.0K	-36.9K	-48.0K	-41.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.05	2.21	0.10	0.77
Total Volume	1,191.913	213	3,105	3,105	642
Total OI	31,815.304	28,062	35,687	30,889	32,239

Daily Data (23 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
2013-10-01	$12.46	$12.00	45.4%	13.0%	43.8%	68.2%	44.7%	1.8%	0.1%	252.6K	-10.2M	-48.0K	0.10	5.62	N/A	N/A	2,818	287	20,648	10,241
2013-10-02	$12.39	$12.00	44.3%	12.7%	41.7%	65.8%	44.4%	0.5%	2.7%	246.4K	-9.6M	-47.3K	0.72	5.85	N/A	N/A	1,084	781	20,795	10,223
2013-10-03	$12.30	$12.00	45.3%	13.0%	40.1%	68.0%	41.3%	6.8%	-0.2%	234.2K	-9.2M	-47.6K	2.21	6.30	N/A	N/A	190	420	21,126	10,902
2013-10-04	$12.33	$12.00	43.9%	12.9%	34.1%	64.7%	45.7%	2.9%	-0.3%	233.7K	-8.9M	-47.3K	0.42	14.15	N/A	N/A	282	118	21,147	11,248
2013-10-07	$12.33	$12.00	46.2%	13.0%	34.1%	69.9%	44.6%	0.9%	0.1%	238.4K	-9.0M	-46.2K	0.10	8.29	N/A	N/A	647	66	21,301	11,275
2013-10-08	$11.57	$12.00	46.0%	13.4%	40.5%	69.6%	46.1%	0.9%	1.4%	160.0K	-4.6M	-44.0K	0.39	12.59	N/A	N/A	1,657	648	21,661	11,314
2013-10-09	$11.50	$12.00	48.7%	13.8%	40.2%	75.6%	47.4%	3.4%	-0.4%	146.7K	-3.9M	-43.8K	0.80	7.86	N/A	N/A	1,089	868	21,736	11,571
2013-10-10	$11.86	$12.00	46.0%	13.2%	40.9%	69.6%	45.7%	1.6%	0.8%	174.1K	-5.9M	-46.6K	0.32	8.50	N/A	N/A	569	183	21,888	12,314
2013-10-11	$11.74	$12.00	43.9%	12.6%	40.1%	64.9%	47.4%	2.4%	1.4%	165.8K	-5.3M	-45.6K	0.80	7.74	N/A	N/A	209	168	22,266	12,266
2013-10-14	$11.79	$12.00	45.1%	12.9%	40.1%	67.5%	44.9%	2.9%	2.1%	163.3K	-5.4M	-44.4K	0.20	7.94	N/A	N/A	307	61	22,320	12,394
2013-10-15	$11.97	$12.00	45.0%	12.9%	39.5%	67.4%	45.2%	3.0%	0.6%	194.5K	-6.7M	-44.4K	0.39	11.12	N/A	N/A	337	133	22,171	12,410
2013-10-16	$12.23	$12.00	44.7%	12.8%	40.2%	66.7%	43.5%	1.5%	2.0%	231.1K	-8.8M	-43.4K	0.74	8.54	N/A	N/A	496	368	22,157	12,409
2013-10-17	$12.33	$12.00	44.7%	12.8%	37.0%	66.6%	44.8%	1.4%	-1.8%	210.2K	-10.2M	-42.4K	0.15	11.21	N/A	N/A	1,744	267	22,107	12,188
2013-10-18	$12.60	$12.00	41.1%	11.8%	36.0%	58.7%	41.6%	-1.3%	2.2%	326.3K	-12.3M	-43.3K	0.23	6.76	N/A	N/A	1,499	347	23,550	12,137
2013-10-21	$12.41	$12.00	38.4%	11.0%	35.9%	52.5%	38.8%	-2.6%	5.6%	253.2K	-9.5M	-41.2K	0.30	8.01	N/A	N/A	431	131	18,991	9,071
2013-10-22	$12.20	$12.00	40.0%	11.5%	34.1%	56.1%	40.9%	1.1%	2.7%	236.4K	-8.6M	-41.0K	0.33	7.95	N/A	N/A	706	236	19,193	9,137
2013-10-23	$12.03	$12.00	38.6%	11.1%	34.1%	53.0%	39.2%	-1.4%	5.2%	207.4K	-7.5M	-39.6K	0.15	7.46	N/A	N/A	1,223	184	18,944	9,315
2013-10-24	$11.74	$12.00	37.9%	10.9%	34.3%	51.5%	39.2%	-1.6%	5.0%	172.4K	-6.0M	-38.2K	1.15	8.72	N/A	N/A	372	426	18,656	9,473
2013-10-25	$11.86	$12.00	37.1%	10.7%	34.5%	49.8%	39.2%	-2.1%	4.5%	175.5K	-6.2M	-38.7K	1.32	9.67	N/A	N/A	92	121	18,675	9,830
2013-10-28	$11.60	$12.00	36.4%	10.4%	35.1%	48.2%	38.8%	-0.7%	5.1%	144.0K	-5.0M	-36.9K	0.78	6.82	N/A	N/A	1,036	805	18,695	9,931
2013-10-29	$11.62	$12.00	36.8%	10.5%	32.9%	48.9%	39.3%	-4.1%	5.0%	135.9K	-5.3M	-37.8K	0.05	7.06	N/A	N/A	2,713	134	18,992	10,708
2013-10-30	$11.30	$12.00	38.1%	10.9%	34.0%	52.0%	37.7%	-3.1%	3.5%	110.7K	-3.7M	-41.5K	0.39	12.23	N/A	N/A	373	146	21,369	10,768
2013-10-31	$11.34	$12.00	35.5%	10.2%	34.1%	46.0%	35.8%	-4.8%	4.8%	113.9K	-3.9M	-41.8K	0.77	21.53	N/A	N/A	362	280	21,421	10,818