DSX Options History — May 2018

In May 2018, DSX traded between $3.61 and $4.43. ATM implied volatility averaged 44.1%, placing in the 28.3% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 4.6% (HV 20d: 39.5%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2018-05-11: Highest Volume — 2,087 contracts
  • 2018-05-23: Largest IV spike — 34.4% change
  • 2018-05-04: Highest IV Rank — 63.7%
  • 2018-05-02: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.14$3.61$4.43$3.61$4.42
Max Pain$3.82$3.00$4.00$4.00$4.00
ATM IV44.1%31.2%63.2%47.7%31.2%
Expected Move12.3%8.9%15.6%13.7%8.9%
HV 20d39.5%30.7%45.1%35.0%44.3%
HV 60d41.4%39.8%43.4%41.6%41.1%
IV Rank28.3%4.4%63.7%34.6%4.4%
IV Percentile19.7%1.2%85.3%23.8%1.2%
Term Structure2.9%-7.4%11.4%8.9%10.0%
VWIV41.9%29.0%55.8%47.1%42.1%
Skew 25d8.6%-10.0%45.8%18.0%-0.3%
Skew 10d28.9%-17.2%103.0%6.4%-2.2%
Call IV 25d36.3%24.2%55.5%38.3%31.8%
Put IV 25d45.0%31.4%79.7%56.3%31.4%
Bid-Ask Spread %13.629.6121.0213.2213.15
Gamma HHI0.490.410.580.420.45
Net GEX41.3K16.6K64.2K16.6K32.8K
Net DEX-1.1M-1.9M-228.8K-228.8K-1.7M
Net VEX-4.2K-5.1K-3.3K-3.3K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.331.351.200.39
Total Volume1,388.7739852,0871,1761,423
Total OI12,747.45511,73713,44711,73713,349

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$3.61$4.0047.7%13.7%35.0%34.6%47.1%18.0%8.9%16.6K-228.8K-3.3K1.2013.22N/AN/A5346429,0022,735
2018-05-02$3.71$4.0054.5%15.6%34.8%47.7%55.8%-5.2%-7.4%19.3K-391.1K-3.6K1.0616.68N/AN/A5786129,1372,760
2018-05-03$3.72$4.0047.6%12.9%33.3%34.8%44.1%-4.0%3.7%20.2K-426.3K-3.7K0.8616.99N/AN/A7116129,2042,760
2018-05-04$3.69$4.0063.2%13.5%31.0%63.7%46.8%-3.4%2.1%21.2K-447.3K-3.6K0.9316.80N/AN/A6205779,3402,760
2018-05-07$3.86$3.0046.1%13.0%33.8%32.0%45.2%5.7%3.4%26.3K-641.1K-3.8K0.6217.01N/AN/A8825499,3412,780
2018-05-08$3.83$3.0055.8%13.1%30.7%49.9%45.4%2.0%2.1%29.7K-693.4K-3.9K0.9521.02N/AN/A5775499,7682,780
2018-05-09$3.99$3.0046.8%13.4%33.3%33.4%45.8%0.5%2.1%35.7K-952.9K-4.2K1.0317.57N/AN/A5125299,7942,780
2018-05-10$4.02$3.0039.8%11.4%32.6%20.4%39.2%-10.0%5.9%38.6K-995.9K-3.9K1.3517.83N/AN/A7329889,9052,771
2018-05-11$4.37$4.0040.3%11.6%42.3%21.3%37.9%15.7%4.0%47.3K-1.7M-4.7K0.6210.12N/AN/A1,2907979,8913,274
2018-05-14$4.43$4.0045.0%12.9%42.3%29.9%41.9%2.1%-0.4%53.0K-1.9M-5.1K1.009.61N/AN/A75074810,0303,257
2018-05-15$4.40$4.0039.4%11.3%42.0%19.5%32.0%12.6%6.0%53.9K-1.7M-4.4K0.7711.42N/AN/A90469510,2083,239
2018-05-16$4.37$4.0043.5%12.5%42.4%27.2%40.1%17.4%2.7%51.7K-1.7M-4.8K0.8310.85N/AN/A83369510,0463,234
2018-05-17$4.33$4.0041.3%11.8%42.9%23.1%39.4%13.3%5.8%47.3K-1.5M-4.6K0.3612.20N/AN/A1,2504479,9243,234
2018-05-18$4.16$4.0039.7%11.4%45.1%20.2%39.2%45.8%3.0%35.1K-1.0M-4.1K0.3315.03N/AN/A1,3454479,6433,229
2018-05-21$4.27$4.0039.4%11.3%45.1%19.5%39.4%9.1%-4.0%40.7K-981.6K-4.0K0.3310.78N/AN/A1,2344099,0102,888
2018-05-22$4.37$4.0033.6%9.6%41.5%8.8%29.0%12.1%11.4%57.6K-1.4M-4.3K0.6610.54N/AN/A5943919,7562,889
2018-05-23$4.35$4.0045.1%12.9%41.8%30.3%43.5%14.4%-1.4%59.7K-1.5M-4.5K0.6010.38N/AN/A6413879,9432,891
2018-05-24$4.24$4.0039.4%11.3%43.6%19.5%38.8%14.4%1.1%52.9K-1.2M-4.4K0.4511.28N/AN/A86038710,2642,891
2018-05-25$4.22$4.0040.9%11.7%43.5%22.5%40.8%7.8%1.9%51.7K-1.2M-4.4K0.4013.34N/AN/A96138710,2542,901
2018-05-29$4.23$4.0045.5%13.0%43.4%30.8%45.1%7.2%-1.0%53.7K-1.2M-4.3K0.4111.33N/AN/A96139010,3852,901
2018-05-30$4.40$4.0044.7%12.8%44.7%29.4%42.2%14.8%3.9%64.2K-1.6M-4.3K0.5412.39N/AN/A72739610,3852,911
2018-05-31$4.42$4.0031.2%8.9%44.3%4.4%42.1%-0.3%10.0%32.8K-1.7M-3.3K0.3913.15N/AN/A1,02739610,4222,927