DSX Options History — April 2020

In April 2020, DSX traded between $1.37 and $1.93. ATM implied volatility averaged 118.6%, placing in the 64.6% IV rank vs the trailing year. The 30-day expected move averaged 32.1%. IV traded above realized volatility by 11.3% (HV 20d: 107.3%). Max pain ranged from $1.00 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.03.

Notable Days

  • 2020-04-30: Highest Volume — 1,104 contracts
  • 2020-04-15: Largest IV spike — 106.5% change
  • 2020-04-02: Highest IV Rank — 100.0%
  • 2020-04-13: Largest Expected Move — 46.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.64$1.37$1.93$1.37$1.89
Max Pain$1.14$1.00$3.00$3.00$1.00
ATM IV118.6%61.8%172.3%124.2%160.2%
Expected Move32.1%17.7%46.7%35.6%45.9%
HV 20d107.3%84.6%124.7%88.3%113.8%
HV 60d79.9%61.4%91.2%61.4%91.2%
IV Rank64.6%26.9%100.0%70.4%92.0%
IV Percentile94.5%86.6%100.0%99.2%98.0%
Term Structure-34.2%-107.5%51.4%-42.4%-30.1%
VWIV139.1%105.4%162.9%162.9%160.2%
Skew 25d-13.3%-174.3%165.9%14.4%165.9%
Skew 10d-11.4%-174.3%165.9%38.8%165.9%
Call IV 25d99.5%45.7%175.1%45.7%113.1%
Put IV 25d86.2%0.7%279.0%60.1%279.0%
Bid-Ask Spread %145.09105.64171.80129.22121.50
Gamma HHI0.560.350.900.370.48
Net GEX4.1K37810.2K1.9K5.9K
Net DEX-78.1K-308.8K109.3K-23.3K-308.8K
Net VEX-1.1K-1.8K-255-990-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.290.000.00
Total Volume150.57111,10421,104
Total OI7,111.5246,3107,7466,3607,746

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$1.37$3.00124.2%35.6%88.3%70.4%0.0%14.4%0.0%1.9K-23.3K-9900.00129.22N/AN/A205,3211,039
2020-04-02$1.47$0.00172.3%0.0%91.3%100.0%0.0%0.0%0.0%55295.1K-3760.00171.80N/AN/A0505,3211,039
2020-04-03$1.39$0.00168.5%0.0%92.1%97.5%0.0%0.0%0.0%2.2K-70.2K-1.2K0.00169.06N/AN/A16105,321989
2020-04-06$1.47$0.0097.6%0.0%92.8%50.6%0.0%-7.4%-42.4%533102.7K-3230.05161.18N/AN/A6035,482989
2020-04-07$1.40$0.00131.1%0.0%88.7%72.7%0.0%0.0%5.5%2.1K5.2K-8720.00162.69N/AN/A4205,522991
2020-04-08$1.40$0.00124.2%35.6%87.3%68.2%0.0%-32.2%-52.9%378102.8K-2920.06163.97N/AN/A233145,522991
2020-04-09$1.40$0.0085.2%24.4%84.6%42.4%0.0%-39.8%-107.5%402109.3K-2550.00136.47N/AN/A12105,648991
2020-04-13$1.50$0.00162.9%46.7%87.5%93.8%162.9%0.0%-68.6%2.6K27.3K-7840.04154.03N/AN/A5325,735991
2020-04-14$1.93$1.0061.8%17.7%120.2%26.9%122.8%0.0%3.3%4.8K-201.8K-1.8K0.01155.06N/AN/A790105,786993
2020-04-15$1.75$1.00127.5%0.0%124.7%70.4%0.0%0.0%-105.3%5.4K-138.6K-1.4K0.29170.48N/AN/A2476,5311,003
2020-04-16$1.77$1.00155.1%44.5%122.2%88.6%155.1%-6.8%-47.6%5.2K-170.2K-1.6K0.00151.78N/AN/A2806,5371,008
2020-04-17$1.79$1.00108.4%31.1%121.9%57.7%0.0%13.4%-27.7%6.1K-82.1K-1.3K0.00163.29N/AN/A9006,5451,008
2020-04-20$1.78$1.0093.4%26.8%120.6%47.8%0.0%28.2%3.6%6.2K-149.1K-1.4K0.00131.33N/AN/A5006,539934
2020-04-21$1.75$1.0087.9%25.2%117.2%44.2%0.0%-174.3%-87.5%5.2K-128.0K-1.4K0.00129.04N/AN/A026,589934
2020-04-22$1.75$1.0077.4%22.2%117.3%37.2%154.2%-126.3%-32.8%5.0K-207.1K-1.6K0.03134.43N/AN/A6126,589937
2020-04-23$1.69$1.00152.2%43.6%117.8%86.7%0.0%0.0%-43.5%4.8K-175.5K-1.4K0.00142.67N/AN/A106,549938
2020-04-24$1.71$1.00101.5%29.1%116.6%53.1%0.0%18.3%-7.7%4.7K-162.7K-1.4K0.00146.08N/AN/A026,549938
2020-04-27$1.81$1.00105.5%30.2%115.5%55.8%105.4%0.0%-19.5%10.2K-17.2K-9190.02130.33N/AN/A9126,549938
2020-04-28$1.75$1.00113.1%32.4%116.7%60.8%113.1%165.9%51.4%4.4K-146.7K-1.4K0.08116.77N/AN/A133116,659938
2020-04-29$1.76$1.0080.7%23.1%116.5%39.4%0.0%0.0%-6.8%6.5K-100.6K-1.1K0.00105.64N/AN/A1306,766947
2020-04-30$1.89$1.00160.2%45.9%113.8%92.0%160.2%0.0%-30.1%5.9K-308.8K-1.8K0.00121.50N/AN/A1,10136,799947