DSX Options History — April 2018

In April 2018, DSX traded between $3.37 and $3.74. ATM implied volatility averaged 49.2%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 7.2% (HV 20d: 42.0%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.03.

Notable Days

  • 2018-04-25: Highest Volume — 1,739 contracts
  • 2018-04-30: Largest IV spike — 70.3% change
  • 2018-04-12: Highest IV Rank — 54.9%
  • 2018-04-09: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.54$3.37$3.74$3.48$3.60
Max Pain$3.81$3.00$4.00$4.00$4.00
ATM IV49.2%30.1%65.7%64.6%51.4%
Expected Move14.3%8.6%19.2%18.5%14.7%
HV 20d42.0%35.0%46.1%42.6%35.0%
HV 60d43.6%42.0%46.1%46.1%43.2%
IV Rank31.2%2.2%54.9%53.2%41.2%
IV Percentile31.1%0.8%82.9%80.2%44.0%
Term Structure0.6%-16.8%23.5%-16.8%-11.6%
VWIV50.7%35.1%78.6%78.6%55.7%
Skew 25d3.2%-13.5%26.5%11.2%-10.1%
Skew 10d14.3%-3.4%54.7%19.0%-3.4%
Call IV 25d48.3%31.9%61.7%35.9%61.7%
Put IV 25d51.6%42.3%69.0%47.1%51.6%
Bid-Ask Spread %20.589.5838.9415.609.75
Gamma HHI0.450.380.500.490.39
Net GEX16.0K10.7K21.0K13.8K18.3K
Net DEX-84.7K-352.7K110.3K-52.2K-300.5K
Net VEX-3.4K-3.7K-2.8K-3.5K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.421.781.171.63
Total Volume1,062.9055501,7395501,072
Total OI10,120.2869,06311,5359,06311,535

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$3.48$4.0064.6%18.5%42.6%53.2%78.6%11.2%-16.8%13.8K-52.2K-3.5K1.1715.60N/AN/A2542967,2231,840
2018-04-03$3.48$4.0045.9%13.2%42.0%25.5%42.0%12.3%21.3%12.7K19.0K-3.3K1.0921.12N/AN/A2712967,2461,834
2018-04-04$3.40$4.0046.9%13.5%41.6%26.9%46.5%4.9%7.6%11.6K52.3K-3.0K1.6926.52N/AN/A2714597,2681,834
2018-04-05$3.51$4.0055.7%11.8%41.6%40.0%53.6%-3.7%6.3%14.3K-38.2K-3.5K1.1038.94N/AN/A4184597,2681,999
2018-04-06$3.40$4.0050.2%18.2%42.7%31.8%59.5%3.8%-1.5%11.5K54.3K-3.1K1.0421.13N/AN/A4074247,4191,999
2018-04-09$3.37$4.0059.1%19.2%42.7%45.0%48.6%26.5%-5.3%10.7K110.3K-2.8K0.9431.12N/AN/A4113877,4592,084
2018-04-10$3.53$4.0045.6%15.5%46.1%25.0%54.7%8.4%-1.7%13.6K29.7K-3.2K0.4225.58N/AN/A9133837,4572,123
2018-04-11$3.53$4.0054.3%15.6%45.9%37.9%57.7%14.2%-4.2%17.5K-67.3K-3.6K0.4338.40N/AN/A8993838,0702,123
2018-04-12$3.49$4.0065.7%18.8%45.6%54.9%56.4%10.8%1.5%15.7K-5.0K-3.3K0.4322.09N/AN/A8883838,0702,125
2018-04-13$3.56$4.0046.5%13.3%45.8%26.3%52.1%20.3%2.5%18.3K-74.4K-3.6K0.4320.30N/AN/A8833838,1352,125
2018-04-16$3.58$4.0050.0%14.3%42.8%31.4%50.8%-2.7%0.2%16.8K-33.9K-3.4K1.3313.42N/AN/A2863798,1352,125
2018-04-17$3.54$4.0042.1%12.1%41.4%19.7%45.4%-5.1%-4.1%16.2K-17.1K-3.2K0.9014.24N/AN/A4203788,1352,125
2018-04-18$3.55$4.0049.9%14.3%41.2%31.4%49.9%-9.6%-0.7%17.3K-67.7K-3.3K0.9513.26N/AN/A4874638,2852,135
2018-04-19$3.61$4.0047.9%13.7%40.9%28.4%47.8%-4.8%2.6%17.1K-28.2K-3.4K0.7719.80N/AN/A6044658,2742,283
2018-04-20$3.74$4.0046.4%13.3%41.7%26.1%51.9%2.4%2.1%21.0K-162.6K-3.7K1.1823.37N/AN/A7088388,3892,283
2018-04-23$3.69$3.0046.5%13.3%38.5%26.3%52.5%2.0%0.2%19.6K-269.7K-3.6K0.8514.55N/AN/A6815798,0562,094
2018-04-24$3.54$3.0047.8%13.7%41.2%32.3%38.7%-13.5%-7.2%15.9K-136.8K-3.2K1.2115.21N/AN/A5516648,0772,106
2018-04-25$3.59$3.0045.4%13.0%41.4%28.1%43.2%-8.5%-5.4%16.7K-171.2K-3.4K0.629.58N/AN/A1,0756648,1062,209
2018-04-26$3.63$3.0041.8%12.0%41.5%21.9%43.2%-4.8%2.4%19.4K-352.7K-3.5K1.5713.62N/AN/A4246648,7432,309
2018-04-27$3.60$4.0030.1%8.6%39.2%2.2%35.1%14.0%23.5%17.3K-266.8K-3.5K1.7824.61N/AN/A5219308,8562,565
2018-04-30$3.60$4.0051.4%14.7%35.0%41.2%55.7%-10.1%-11.6%18.3K-300.5K-3.5K1.639.75N/AN/A4076658,9702,565