DSX Options History — September 2018

In September 2018, DSX traded between $3.81 and $4.16. ATM implied volatility averaged 42.4%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 11.1% (HV 20d: 31.2%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.90.

Notable Days

  • 2018-09-06: Highest Volume — 2,011 contracts
  • 2018-09-25: Largest IV spike — 28.3% change
  • 2018-09-12: Highest IV Rank — 39.7%
  • 2018-09-12: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.93$3.81$4.16$4.16$4.10
Max Pain$4.05$4.00$5.00$4.00$4.00
ATM IV42.4%30.6%48.7%41.0%37.1%
Expected Move12.0%8.8%14.0%11.8%10.6%
HV 20d31.2%27.9%34.1%34.1%32.3%
HV 60d34.9%32.9%37.3%36.4%34.1%
IV Rank28.5%7.8%39.7%26.1%19.2%
IV Percentile28.0%2.0%57.1%18.7%8.3%
Term Structure2.8%-1.3%13.8%3.6%4.7%
VWIV42.0%30.9%48.1%41.0%38.4%
Skew 25d21.4%-1.5%84.0%6.1%52.9%
Skew 10d34.9%-0.3%119.4%17.3%116.4%
Call IV 25d38.7%33.8%44.4%38.7%36.6%
Put IV 25d60.1%38.2%121.1%44.7%89.5%
Bid-Ask Spread %18.0811.8326.9917.2826.99
Gamma HHI0.520.420.600.440.42
Net GEX-9.8K-13.9K-4.1K-6.6K-4.1K
Net DEX452.8K-78.1K854.3K-78.1K18.0K
Net VEX-5.4K-6.5K-4.5K-6.5K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.461.700.970.62
Total Volume1,338.8958652,0111,5261,136
Total OI13,701.1059,23615,40514,71410,068

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$4.16$4.0041.0%11.8%34.1%26.1%41.0%6.1%3.6%-6.6K-78.1K-6.5K0.9717.28N/AN/A7757518,1646,550
2018-09-05$4.08$4.0047.2%13.5%30.9%37.1%47.4%2.9%-0.4%-8.4K229.3K-6.1K0.8017.18N/AN/A9537608,1646,550
2018-09-06$3.91$5.0045.8%12.5%33.7%34.7%43.5%7.5%0.3%-8.9K404.2K-6.1K0.8913.69N/AN/A1,0629498,4106,663
2018-09-07$3.93$4.0047.7%12.0%33.8%38.0%40.7%3.4%4.4%-9.6K419.6K-6.1K0.7415.40N/AN/A9767278,4386,746
2018-09-10$3.89$4.0048.2%13.7%33.5%38.8%47.0%1.5%-0.1%-9.2K472.6K-6.1K0.7415.64N/AN/A9096738,4416,736
2018-09-11$3.85$4.0046.9%13.9%31.7%36.5%48.0%0.1%0.1%-9.7K613.8K-5.5K0.7514.46N/AN/A9106808,4546,742
2018-09-12$3.81$4.0048.7%14.0%30.9%39.7%48.1%5.0%-1.3%-9.1K594.6K-5.8K0.8711.83N/AN/A7776758,4646,751
2018-09-13$3.84$4.0044.0%12.6%30.2%31.4%43.5%5.1%1.2%-11.3K806.1K-5.5K0.8024.69N/AN/A7846308,5556,753
2018-09-14$3.93$4.0043.1%12.4%31.4%29.8%43.1%4.7%2.4%-10.9K445.8K-5.7K1.0517.56N/AN/A5996308,5616,753
2018-09-17$3.81$4.0043.2%12.4%33.0%30.0%43.3%-1.5%2.5%-11.5K676.8K-5.1K1.0517.87N/AN/A5535828,5776,753
2018-09-18$3.91$4.0042.6%12.2%34.0%28.9%42.5%1.7%0.8%-13.9K662.9K-5.0K1.1221.26N/AN/A5215828,6256,770
2018-09-19$3.89$4.0043.3%12.4%33.9%30.2%43.2%1.7%2.2%-13.7K801.3K-5.0K1.2218.79N/AN/A5546778,6356,770
2018-09-20$3.91$4.0041.5%11.9%27.9%27.0%41.5%2.8%5.1%-12.7K469.6K-5.2K1.2017.19N/AN/A5266318,6156,451
2018-09-21$3.98$4.0033.6%9.6%28.3%12.9%33.6%69.0%8.9%-11.9K854.3K-4.8K1.7016.34N/AN/A5459298,6356,443
2018-09-24$3.90$4.0030.6%8.8%28.4%7.8%30.9%84.0%13.8%-13.6K390.8K-4.5K0.4615.77N/AN/A7183285,0244,212
2018-09-25$3.94$4.0039.3%11.3%28.9%23.1%39.9%76.6%2.0%-7.4K281.9K-4.7K0.6120.23N/AN/A5373285,2764,220
2018-09-26$3.93$4.0040.2%11.5%28.3%24.7%40.9%3.5%1.6%-6.5K257.4K-4.8K0.8121.57N/AN/A5274275,3304,220
2018-09-27$3.94$4.0041.0%11.8%28.3%26.2%41.3%80.0%1.1%-6.9K282.4K-4.8K0.6419.84N/AN/A6814375,4624,340
2018-09-28$4.10$4.0037.1%10.6%32.3%19.2%38.4%52.9%4.7%-4.1K18.0K-5.3K0.6226.99N/AN/A7014355,7084,360