DSX Options History — December 2014

In December 2014, DSX traded between $6.33 and $7.07. ATM implied volatility averaged 40.6%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 0.2% (HV 20d: 40.4%). Max pain ranged from $6.00 to $8.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.42.

Notable Days

2014-12-12: Highest Volume — 6,828 contracts
2014-12-10: Largest IV spike — 24.7% change
2014-12-16: Highest IV Rank — 62.0%
2014-12-16: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.75	$6.33	$7.07	$6.98	$6.71
Max Pain	$7.67	$6.00	$8.00	$8.00	$7.00
ATM IV	40.6%	33.6%	50.8%	37.0%	40.9%
Expected Move	12.4%	11.2%	13.7%	11.8%	13.0%
HV 20d	40.4%	31.4%	49.0%	33.9%	42.2%
HV 60d	40.8%	38.7%	42.0%	39.9%	40.9%
IV Rank	40.4%	25.4%	62.0%	32.6%	40.8%
IV Percentile	72.7%	39.7%	98.4%	60.3%	77.0%
Term Structure	1.4%	-5.4%	10.4%	1.7%	4.5%
VWIV	43.4%	36.2%	49.9%	41.2%	44.4%
Skew 25d	1.6%	-12.1%	21.2%	-10.4%	-1.4%
Skew 10d	3.6%	-19.5%	34.0%	-16.2%	0.9%
Call IV 25d	39.3%	26.4%	49.5%	47.5%	37.1%
Put IV 25d	40.9%	32.5%	51.5%	37.1%	35.7%
Bid-Ask Spread %	56.40	22.32	127.08	23.62	23.59
Gamma HHI	0.25	0.21	0.31	0.28	0.29
Net GEX	12.5K	-6.7K	42.3K	20.7K	9.4K
Net DEX	3.8M	2.0M	5.1M	3.7M	2.7M
Net VEX	-28.6K	-32.8K	-22.4K	-24.8K	-27.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.02	1.14	0.31	0.02
Total Volume	3,568.182	135	6,828	3,670	533
Total OI	36,849.409	32,424	41,338	32,424	33,231

Daily Data (22 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
2014-12-01	$6.98	$8.00	37.0%	11.8%	33.9%	32.6%	41.2%	-10.4%	1.7%	20.7K	3.7M	-24.8K	0.31	23.62	N/A	N/A	2,803	867	22,276	10,148
2014-12-02	$6.97	$8.00	38.3%	11.4%	33.6%	35.4%	40.0%	-12.1%	0.6%	11.3K	4.4M	-22.4K	0.35	31.24	N/A	N/A	3,127	1,108	22,333	10,623
2014-12-03	$7.04	$8.00	36.9%	11.8%	31.8%	32.3%	42.4%	-6.4%	2.2%	8.5K	4.3M	-24.8K	0.17	22.32	N/A	N/A	5,814	967	22,704	11,244
2014-12-04	$7.06	$8.00	38.1%	11.4%	31.9%	35.0%	40.3%	3.9%	-1.5%	39.7K	3.6M	-29.6K	0.38	89.13	N/A	N/A	130	50	25,747	11,310
2014-12-05	$7.01	$8.00	35.3%	11.2%	31.4%	28.9%	36.2%	-6.5%	2.5%	42.3K	3.6M	-28.5K	0.34	46.58	N/A	N/A	2,774	953	25,667	11,337
2014-12-08	$6.54	$8.00	37.1%	11.5%	38.3%	32.9%	44.3%	-3.3%	-2.0%	26.5K	4.4M	-23.8K	0.70	25.25	N/A	N/A	2,870	2,000	25,693	11,347
2014-12-09	$6.62	$8.00	33.6%	11.9%	39.1%	25.4%	42.2%	-3.8%	-0.8%	15.0K	4.6M	-25.8K	0.79	61.19	N/A	N/A	3,100	2,452	25,638	12,731
2014-12-10	$6.69	$8.00	41.9%	12.3%	39.7%	43.1%	42.4%	8.4%	0.3%	12.4K	4.5M	-29.1K	0.65	26.53	N/A	N/A	3,137	2,047	25,867	13,753
2014-12-11	$6.58	$8.00	42.4%	12.1%	39.1%	44.2%	43.9%	9.1%	-0.0%	8.3K	4.7M	-28.2K	0.48	43.94	N/A	N/A	4,298	2,047	25,939	14,188
2014-12-12	$6.61	$8.00	48.2%	13.0%	38.7%	56.4%	45.5%	8.3%	-3.0%	12.8K	4.4M	-29.9K	0.68	44.98	N/A	N/A	4,074	2,754	26,061	14,123
2014-12-15	$6.42	$8.00	50.6%	13.7%	38.3%	61.6%	47.3%	1.8%	-5.4%	-1.9K	5.1M	-29.8K	0.83	55.28	N/A	N/A	3,469	2,870	26,066	15,249
2014-12-16	$6.33	$8.00	50.8%	13.7%	38.3%	62.0%	46.6%	4.1%	-1.3%	-3.4K	5.0M	-28.7K	0.36	39.50	N/A	N/A	2,725	991	26,067	15,258
2014-12-17	$6.42	$8.00	48.4%	13.5%	39.2%	56.8%	45.3%	4.5%	-2.1%	-6.7K	4.9M	-29.9K	0.20	45.58	N/A	N/A	2,725	535	26,090	15,164
2014-12-18	$6.40	$8.00	43.2%	12.7%	39.2%	45.7%	38.7%	4.3%	1.2%	-5.8K	5.0M	-28.9K	0.18	35.92	N/A	N/A	2,871	517	26,061	15,081
2014-12-19	$6.89	$8.00	39.5%	12.7%	48.3%	37.8%	45.4%	4.8%	5.2%	8.0K	4.4M	-31.7K	0.32	56.58	N/A	N/A	546	177	26,263	15,075
2014-12-22	$6.92	$0.00	40.1%	12.7%	48.4%	39.1%	49.9%	21.2%	4.0%	12.9K	2.2M	-32.6K	0.24	127.08	N/A	N/A	1,735	411	21,542	12,225
2014-12-23	$7.07	$6.00	39.0%	12.4%	48.9%	36.8%	42.5%	9.0%	3.7%	20.9K	2.0M	-32.3K	0.20	88.26	N/A	N/A	2,195	442	21,618	12,230
2014-12-24	$6.96	$7.00	38.3%	12.2%	48.9%	35.3%	43.8%	4.8%	3.4%	18.3K	2.1M	-32.8K	0.21	88.65	N/A	N/A	2,144	442	21,915	12,256
2014-12-26	$6.87	$7.00	39.4%	12.5%	49.0%	37.7%	43.4%	0.9%	4.6%	14.5K	2.1M	-32.3K	0.31	87.56	N/A	N/A	2,376	735	21,926	12,256
2014-12-29	$6.75	$7.00	36.5%	13.5%	48.4%	31.5%	46.0%	-2.0%	10.4%	7.3K	2.5M	-29.2K	0.28	89.03	N/A	N/A	1,996	558	21,117	12,060
2014-12-30	$6.70	$7.00	38.8%	12.4%	42.2%	36.4%	0.0%	-3.5%	3.5%	3.5K	2.9M	-27.4K	1.14	88.96	N/A	N/A	63	72	21,155	12,053
2014-12-31	$6.71	$7.00	40.9%	13.0%	42.2%	40.8%	44.4%	-1.4%	4.5%	9.4K	2.7M	-27.6K	0.02	23.59	N/A	N/A	523	10	21,175	12,056