DSX Options History — July 2019

In July 2019, DSX traded between $3.34 and $3.74. ATM implied volatility averaged 37.0%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 6.9% (HV 20d: 30.0%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.89.

Notable Days

  • 2019-07-12: Highest Volume — 745 contracts
  • 2019-07-23: Largest IV spike — 55.5% change
  • 2019-07-05: Highest IV Rank — 22.5%
  • 2019-07-02: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.61$3.34$3.74$3.39$3.34
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV37.0%23.7%56.5%44.2%44.2%
Expected Move9.6%6.8%15.3%12.7%12.7%
HV 20d30.0%19.8%39.0%33.3%38.9%
HV 60d37.0%35.0%40.8%37.6%40.8%
IV Rank9.0%0.0%22.5%13.9%14.2%
IV Percentile28.1%0.0%81.7%46.0%49.6%
Term Structure-1.7%-31.4%18.8%-15.1%-31.4%
VWIV35.1%23.0%58.7%25.8%39.6%
Skew 25d9.3%-12.0%31.1%3.7%-12.0%
Skew 10d2.3%-16.6%24.4%-2.8%-10.8%
Call IV 25d27.4%19.6%45.4%41.8%45.4%
Put IV 25d36.8%22.1%67.7%45.5%33.4%
Bid-Ask Spread %56.2015.79102.88102.8872.50
Gamma HHI0.570.440.720.480.48
Net GEX10.7K5.5K15.2K7.1K5.5K
Net DEX-419.3K-596.5K-229.4K-293.1K-229.4K
Net VEX-1.9K-2.4K-1.3K-1.6K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.007.780.000.36
Total Volume257.9094774578116
Total OI3,960.1823,4894,5693,4894,569

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$3.39$4.0044.2%12.7%33.3%13.9%0.0%3.7%-15.1%7.1K-293.1K-1.6K0.00102.88N/AN/A7802,674815
2019-07-02$3.55$4.0053.5%15.3%34.5%20.4%0.0%14.2%-11.9%7.9K-389.2K-1.9K0.0744.17N/AN/A139102,753805
2019-07-03$3.56$4.0051.0%14.6%32.1%18.7%0.0%31.1%-6.0%8.2K-396.4K-1.9K0.0676.28N/AN/A171102,771805
2019-07-05$3.63$4.0056.5%7.3%32.1%22.5%25.8%2.3%-6.2%8.4K-435.3K-1.9K0.0956.66N/AN/A231202,791805
2019-07-08$3.58$4.0046.3%7.1%33.1%15.4%0.0%4.3%-0.6%8.4K-408.8K-1.9K0.0076.46N/AN/A28302,811811
2019-07-09$3.65$4.0051.5%8.8%30.6%19.0%0.0%8.1%6.3%9.6K-413.8K-1.9K0.0577.99N/AN/A213102,812811
2019-07-10$3.64$4.0027.1%7.8%30.9%2.0%0.0%2.5%-2.8%9.0K-404.9K-1.5K0.0491.44N/AN/A258102,845811
2019-07-11$3.68$4.0033.8%9.7%30.0%6.7%23.1%10.6%10.2%10.5K-443.4K-2.0K0.0477.70N/AN/A359152,905811
2019-07-12$3.69$4.0028.7%8.2%30.1%3.1%23.0%-10.0%10.4%11.3K-450.4K-2.0K0.0257.50N/AN/A730152,965810
2019-07-15$3.67$4.0026.3%7.5%22.7%1.4%0.0%11.4%-1.0%11.7K-442.2K-2.0K0.0071.93N/AN/A18203,015810
2019-07-16$3.69$4.0030.5%8.7%19.8%4.4%0.0%15.6%-7.9%12.5K-452.2K-1.6K0.0524.82N/AN/A212103,014810
2019-07-17$3.58$4.0024.7%7.1%24.2%0.3%0.0%0.5%-2.0%9.1K-366.2K-1.3K0.0564.73N/AN/A212103,034800
2019-07-18$3.69$4.0028.0%8.0%25.4%2.6%0.0%13.5%3.1%12.1K-451.9K-1.9K0.0424.90N/AN/A252103,034800
2019-07-19$3.70$4.0025.8%7.4%25.3%1.1%0.0%15.8%-1.4%12.7K-478.0K-2.0K0.0220.53N/AN/A582103,074800
2019-07-22$3.71$4.0023.7%6.8%25.2%0.0%0.0%18.9%15.8%14.5K-524.6K-2.2K0.0032.08N/AN/A16503,337790
2019-07-23$3.74$4.0036.9%10.6%25.1%9.1%0.0%23.8%18.8%15.2K-596.5K-2.4K2.3424.81N/AN/A831943,472790
2019-07-24$3.67$4.0040.0%11.5%26.6%11.3%58.7%24.0%16.8%13.9K-501.6K-2.4K2.7015.79N/AN/A812193,4731,005
2019-07-25$3.51$4.0029.9%8.6%32.0%4.3%31.3%-2.9%-5.1%9.4K-367.4K-1.8K7.7822.63N/AN/A322493,4741,030
2019-07-26$3.66$4.0035.5%10.2%34.8%8.2%48.2%19.4%9.8%13.5K-441.5K-2.3K4.5377.54N/AN/A552493,3501,085
2019-07-29$3.67$4.0031.0%8.9%34.8%5.1%33.0%5.2%-14.1%13.6K-431.3K-2.2K0.1763.06N/AN/A4073,3741,085
2019-07-30$3.50$4.0044.2%12.7%39.0%14.2%33.6%4.8%-22.1%11.2K-305.9K-2.0K1.1759.93N/AN/A70823,4001,088
2019-07-31$3.34$4.0044.2%12.7%38.9%14.2%39.6%-12.0%-31.4%5.5K-229.4K-1.5K0.3672.50N/AN/A85313,4301,139