DSX Options History — April 2019

In April 2019, DSX traded between $2.92 and $3.21. ATM implied volatility averaged 39.4%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 4.8% (HV 20d: 34.6%). Max pain ranged from $2.00 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 1.15.

Notable Days

  • 2019-04-16: Highest Volume — 535 contracts
  • 2019-04-08: Largest IV spike — 61.1% change
  • 2019-04-01: Highest IV Rank — 30.9%
  • 2019-04-05: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.08$2.92$3.21$2.93$3.20
Max Pain$3.33$2.00$4.00$2.00$3.00
ATM IV39.4%27.2%57.7%57.7%49.2%
Expected Move11.5%7.8%16.2%13.6%14.1%
HV 20d34.6%28.7%38.3%34.8%33.2%
HV 60d40.2%38.4%42.1%40.9%38.4%
IV Rank13.0%0.9%30.9%30.9%22.6%
IV Percentile26.4%0.4%84.5%84.5%64.7%
Term Structure-1.2%-20.5%16.2%-11.5%-7.0%
VWIV59.7%27.5%110.8%55.0%53.9%
Skew 25d21.8%-15.7%70.8%67.7%37.5%
Skew 10d45.1%-15.5%107.3%97.5%92.7%
Call IV 25d42.2%29.6%63.8%60.4%31.0%
Put IV 25d64.1%26.9%128.2%128.0%68.5%
Bid-Ask Spread %106.9760.09150.05149.56100.23
Gamma HHI0.490.420.670.480.57
Net GEX4.3K3.0K5.8K4.4K4.1K
Net DEX-167.1K-266.1K-66.4K-66.5K-239.8K
Net VEX-1.7K-1.8K-1.6K-1.6K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.007.940.000.06
Total Volume169.71445351799
Total OI3,612.3333,3593,8963,3593,613

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$2.93$2.0057.7%13.6%34.8%30.9%0.0%67.7%-11.5%4.4K-66.5K-1.6K0.00149.56N/AN/A1702,417942
2019-04-02$2.94$2.0053.6%13.7%34.6%26.9%0.0%70.8%-6.0%4.4K-76.8K-1.6K0.0075.86N/AN/A1702,419942
2019-04-03$3.03$2.0052.8%13.8%31.5%26.1%55.0%35.8%-13.0%4.6K-134.6K-1.7K0.47142.12N/AN/A107502,428942
2019-04-04$3.02$2.0035.8%14.6%31.7%9.4%57.7%4.1%-15.8%5.4K-97.0K-1.6K1.13120.17N/AN/A62702,5031,012
2019-04-05$3.03$2.0027.3%16.2%28.7%1.1%110.8%27.2%-13.8%5.8K-106.4K-1.6K0.92135.54N/AN/A91842,5031,012
2019-04-08$2.92$4.0044.0%10.2%31.0%17.5%0.0%11.3%7.5%4.8K-78.0K-1.6K1.47136.15N/AN/A17252,5181,024
2019-04-09$2.92$4.0039.5%10.4%31.0%13.1%0.0%23.6%16.2%4.5K-66.4K-1.6K7.94119.82N/AN/A171352,5201,049
2019-04-10$3.06$4.0040.8%11.7%32.4%14.3%0.0%11.5%11.5%4.5K-136.1K-1.8K4.43150.05N/AN/A351552,5201,159
2019-04-11$3.10$4.0031.2%9.0%31.8%4.9%0.0%14.6%9.8%4.7K-166.2K-1.8K3.0493.58N/AN/A511552,5321,159
2019-04-12$3.04$4.0033.4%9.6%32.9%7.1%0.0%13.6%7.6%4.9K-136.5K-1.7K0.95135.82N/AN/A1631552,5821,159
2019-04-15$3.21$4.0035.6%10.2%37.2%9.2%0.0%14.6%3.1%5.2K-266.1K-1.8K0.1660.09N/AN/A330542,6591,159
2019-04-16$3.15$4.0033.9%9.7%38.0%7.5%0.0%-15.4%6.4%4.4K-210.4K-1.7K0.40113.33N/AN/A3811542,6871,209
2019-04-17$3.14$4.0050.2%14.4%38.2%23.6%0.0%13.9%-20.5%3.2K-204.6K-1.7K0.4676.51N/AN/A3351542,6111,180
2019-04-18$3.14$4.0034.6%9.9%38.2%8.2%0.0%-1.2%4.3%4.0K-216.6K-1.7K0.5370.14N/AN/A2951552,6611,180
2019-04-22$3.13$4.0038.8%11.1%38.3%12.3%0.0%48.9%-8.3%3.4K-204.2K-1.7K0.00109.79N/AN/A402,5801,004
2019-04-23$3.15$4.0034.4%9.9%38.1%8.0%0.0%16.5%4.7%3.8K-210.1K-1.6K0.25122.54N/AN/A412,5801,004
2019-04-24$3.15$4.0035.1%10.1%37.8%8.7%43.2%-15.7%-4.1%3.8K-209.1K-1.7K0.2078.26N/AN/A512,5801,004
2019-04-25$3.15$3.0027.2%7.8%37.1%0.9%27.5%16.8%12.7%3.7K-222.1K-1.6K0.9574.38N/AN/A22212,5811,004
2019-04-26$3.16$3.0035.5%10.2%35.5%9.1%97.8%36.0%-17.8%3.0K-207.3K-1.6K0.8884.72N/AN/A25222,5821,024
2019-04-29$3.21$3.0037.7%10.8%35.1%11.3%31.4%26.6%8.1%4.0K-254.3K-1.6K0.0097.61N/AN/A9602,5861,029
2019-04-30$3.20$3.0049.2%14.1%33.2%22.6%53.9%37.5%-7.0%4.1K-239.8K-1.7K0.06100.23N/AN/A9362,5841,029