DSX Options History — May 2020

In May 2020, DSX traded between $1.38 and $1.80. ATM implied volatility averaged 99.5%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 33.5%. IV traded above realized volatility by 6.4% (HV 20d: 93.1%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.12.

Notable Days

  • 2020-05-12: Highest Volume — 353 contracts
  • 2020-05-14: Largest IV spike — 168.2% change
  • 2020-05-04: Highest IV Rank — 100.0%
  • 2020-05-06: Largest Expected Move — 52.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.55$1.38$1.80$1.75$1.38
Max Pain$1.95$1.00$2.00$1.00$2.00
ATM IV99.5%30.7%189.5%131.0%139.6%
Expected Move33.5%21.8%52.8%37.6%40.0%
HV 20d93.1%76.5%122.5%116.5%76.5%
HV 60d95.6%92.0%99.4%92.3%96.5%
IV Rank46.9%5.7%100.0%72.7%70.3%
IV Percentile83.8%20.3%100.0%96.3%96.7%
Term Structure-43.3%-122.9%93.9%-76.0%-120.5%
VWIV130.9%73.9%184.1%142.6%73.9%
Skew 25d-30.3%-104.4%32.4%-13.8%-11.8%
Skew 10d-23.3%-103.9%35.9%0.2%-16.2%
Call IV 25d124.0%71.9%185.8%133.3%91.7%
Put IV 25d93.7%44.8%137.2%119.5%80.0%
Bid-Ask Spread %98.0558.72137.06101.7987.95
Gamma HHI0.570.470.740.490.71
Net GEX3.6K1.1K6.3K6.3K4.1K
Net DEX-95.1K-288.6K34.8K-288.6K-85.2K
Net VEX-1.1K-1.7K-580-1.7K-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.0021.000.0021.00
Total Volume95.3103535522
Total OI8,897.758,3919,3678,3959,193

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$1.75$1.00131.0%37.6%116.5%72.7%142.6%-13.8%-76.0%6.3K-288.6K-1.7K0.00101.79N/AN/A5507,448947
2020-05-04$1.76$2.00189.5%39.0%114.0%100.0%144.6%0.0%-35.4%5.8K-264.3K-1.7K0.03118.27N/AN/A3417,444947
2020-05-05$1.75$2.0081.4%26.5%112.9%35.8%126.7%0.0%-70.1%4.9K-239.4K-1.6K0.00137.06N/AN/A7907,579947
2020-05-06$1.75$2.0085.8%52.8%110.9%38.4%184.1%0.0%-79.9%1.2K34.8K-6150.00126.18N/AN/A6307,603947
2020-05-07$1.78$2.0085.3%43.2%110.9%38.1%0.0%0.0%-36.2%5.3K-204.6K-1.5K1.25110.25N/AN/A24307,556947
2020-05-08$1.80$2.0087.3%38.9%110.8%39.3%139.7%32.4%-29.1%5.6K-223.5K-1.5K0.01124.25N/AN/A23037,570962
2020-05-11$1.55$2.00135.4%30.7%122.5%67.9%110.9%0.0%-12.0%5.1K-101.4K-1.1K0.0199.61N/AN/A19627,786962
2020-05-12$1.43$2.0039.1%0.0%82.8%10.7%138.0%0.0%-98.9%1.1K23.6K-5800.01113.30N/AN/A34947,955963
2020-05-13$1.41$2.0030.7%0.0%76.8%5.7%143.6%0.0%-112.9%1.2K20.5K-6160.01119.64N/AN/A31628,157967
2020-05-14$1.42$2.0082.4%23.6%76.7%36.4%128.2%-104.4%93.9%4.3K-98.8K-1.1K0.0089.80N/AN/A1308,394968
2020-05-15$1.54$2.0093.5%26.8%83.1%43.0%0.0%0.0%0.0%5.3K-124.8K-1.3K0.01113.08N/AN/A19218,399968
2020-05-18$1.53$2.0089.6%25.7%83.1%40.6%108.0%0.0%0.0%5.6K-142.7K-1.3K0.0767.87N/AN/A5447,999850
2020-05-19$1.47$2.00124.4%35.7%83.9%61.3%73.9%-4.1%-122.9%4.8K-80.2K-1.1K0.0889.95N/AN/A9688,087854
2020-05-20$1.50$2.0076.0%21.8%84.5%32.6%0.0%0.0%-20.1%1.6K-18.5K-8470.0089.43N/AN/A2608,180855
2020-05-21$1.47$2.0076.9%0.0%84.0%33.1%0.0%0.0%24.7%1.5K-26.5K-8330.0096.32N/AN/A1008,196855
2020-05-22$1.42$2.0092.5%26.5%84.2%42.4%0.0%4.5%-33.0%3.9K-54.2K-9800.0058.72N/AN/A1508,204855
2020-05-26$1.48$2.00137.2%39.3%82.8%68.9%0.0%-41.6%-6.1%1.5K-3.6K-7220.0082.87N/AN/A2508,215855
2020-05-27$1.44$2.0081.8%23.5%82.6%36.1%0.0%-104.0%10.4%1.7K-15.1K-8060.0059.69N/AN/A4208,308855
2020-05-28$1.41$2.00131.2%37.6%82.5%65.3%0.0%0.0%-55.4%1.6K-8.7K-7710.0075.07N/AN/A1008,323855
2020-05-29$1.38$2.00139.6%40.0%76.5%70.3%0.0%-11.8%-120.5%4.1K-85.2K-1.0K21.0087.95N/AN/A1218,333860