DSX Options History — January 2019

In January 2019, DSX traded between $2.95 and $3.55. ATM implied volatility averaged 47.1%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 9.5% (HV 20d: 37.5%). 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 13 of 21 days. Put/call ratio averaged 0.21.

Notable Days

  • 2019-01-04: Highest Volume — 639 contracts
  • 2019-01-14: Largest IV spike — 84.6% change
  • 2019-01-03: Highest IV Rank — 52.6%
  • 2019-01-03: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.27$2.95$3.55$3.23$2.95
Max Pain$3.38$3.00$4.00$3.00$3.00
ATM IV47.1%35.0%70.1%57.5%36.1%
Expected Move13.4%10.0%20.3%16.5%13.2%
HV 20d37.5%32.6%42.3%32.6%41.5%
HV 60d46.0%43.5%48.2%47.1%43.5%
IV Rank25.0%10.5%52.6%37.5%11.9%
IV Percentile43.4%6.7%96.8%81.7%7.5%
Term Structure2.4%-30.8%18.5%7.6%-1.2%
VWIV50.6%30.4%102.9%30.4%46.3%
Skew 25d13.1%-8.9%75.7%21.6%2.0%
Skew 10d18.3%-14.1%106.8%91.4%3.3%
Call IV 25d36.8%26.3%55.8%46.9%45.9%
Put IV 25d49.9%33.4%121.4%68.5%47.9%
Bid-Ask Spread %80.9039.56107.1799.3679.07
Gamma HHI0.560.490.680.610.57
Net GEX10.3K6.1K13.7K6.1K11.7K
Net DEX-169.6K-319.6K-50.9K-62.1K-58.5K
Net VEX-1.5K-1.9K-1.1K-1.5K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.000.850.310.19
Total Volume305.5715639466417
Total OI5,0554,4335,8574,5035,857

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$3.23$3.0057.5%16.5%32.6%37.5%0.0%21.6%7.6%6.1K-62.1K-1.5K0.3199.36N/AN/A3571093,2961,207
2019-01-03$3.26$4.0070.1%20.3%32.9%52.6%0.0%49.3%-15.6%7.2K-101.3K-1.6K0.49103.75N/AN/A2211093,4431,183
2019-01-04$3.41$4.0042.8%16.7%37.1%19.8%30.4%26.6%-1.2%7.2K-166.4K-1.5K0.2775.44N/AN/A5031363,4531,183
2019-01-07$3.48$4.0056.7%12.7%36.7%36.4%0.0%6.1%4.9%9.0K-201.3K-1.6K0.0074.98N/AN/A33013,4681,143
2019-01-08$3.55$4.0058.7%11.3%37.0%38.9%0.0%11.1%17.8%13.7K-319.6K-1.9K0.0580.73N/AN/A398213,9241,143
2019-01-09$3.48$4.0038.6%11.1%37.7%14.8%0.0%7.9%13.6%12.5K-282.0K-1.9K0.07101.55N/AN/A302214,0151,149
2019-01-10$3.44$4.0042.9%12.3%38.0%20.0%0.0%6.9%4.4%10.8K-250.9K-1.8K0.0757.06N/AN/A298214,0151,149
2019-01-11$3.40$4.0035.4%10.1%38.1%10.9%0.0%6.2%8.5%10.4K-197.8K-1.6K0.3339.56N/AN/A3401114,0161,149
2019-01-14$3.32$4.0065.3%18.7%37.9%46.7%72.8%19.2%-17.0%9.2K-194.7K-1.6K0.0096.68N/AN/A30104,0591,104
2019-01-15$3.25$3.0042.1%12.1%37.4%19.0%37.0%13.0%18.5%10.2K-180.3K-1.5K0.0989.51N/AN/A172154,3091,065
2019-01-16$3.24$3.0047.8%13.7%36.3%25.9%60.0%3.5%-8.5%9.7K-182.3K-1.5K0.2389.66N/AN/A66154,3711,080
2019-01-17$3.36$3.0036.4%10.5%37.9%12.2%39.8%2.6%7.5%11.1K-260.0K-1.5K0.85100.36N/AN/A65554,4171,080
2019-01-18$3.43$3.0038.3%11.0%34.7%14.4%43.0%9.1%10.2%11.5K-297.4K-1.6K0.63106.14N/AN/A88554,4231,105
2019-01-22$3.28$3.0055.3%15.9%37.8%34.9%0.0%14.3%-30.8%10.7K-166.4K-1.4K0.0069.22N/AN/A503,651797
2019-01-23$3.25$3.0036.4%10.4%37.7%12.2%0.0%-4.8%2.3%10.9K-161.6K-1.3K0.0049.31N/AN/A2103,656777
2019-01-24$3.24$3.0047.6%13.7%35.6%25.6%0.0%-1.9%-2.2%10.5K-157.3K-1.4K0.0072.94N/AN/A17503,656777
2019-01-25$3.21$3.0050.1%14.4%35.3%28.6%0.0%14.6%9.4%10.8K-150.6K-1.4K0.0073.15N/AN/A31513,761777
2019-01-28$3.00$3.0056.5%16.2%42.3%36.3%102.9%0.7%-6.5%10.1K-54.0K-1.1K0.4453.71N/AN/A3231424,241856
2019-01-29$3.00$3.0038.8%11.1%42.3%15.0%38.4%-8.9%12.4%11.6K-65.7K-1.3K0.16107.17N/AN/A425684,6191,019
2019-01-30$2.95$3.0035.0%10.0%41.6%10.5%34.7%75.7%16.8%11.3K-50.9K-1.3K0.1679.65N/AN/A359564,7171,045
2019-01-31$2.95$3.0036.1%13.2%41.5%11.9%46.3%2.0%-1.2%11.7K-58.5K-1.3K0.1979.07N/AN/A349684,8191,038