DSX Options History — January 2021

In January 2021, DSX traded between $1.89 and $2.45. ATM implied volatility averaged 71.5%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 1.8% (HV 20d: 69.7%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.09.

Notable Days

  • 2021-01-08: Highest Volume — 883 contracts
  • 2021-01-08: Largest IV spike — 99.3% change
  • 2021-01-11: Highest IV Rank — 60.6%
  • 2021-01-29: Largest Expected Move — 31.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.27$1.89$2.45$1.89$2.21
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV71.5%40.9%125.6%80.2%111.3%
Expected Move19.4%13.5%31.9%21.5%31.9%
HV 20d69.7%50.1%79.3%58.9%72.4%
HV 60d60.6%50.9%63.7%51.1%63.7%
IV Rank27.9%11.5%60.6%34.5%49.8%
IV Percentile32.2%7.8%82.9%41.6%73.1%
Term Structure5.1%-81.5%30.0%3.2%-81.5%
VWIV65.3%47.7%160.1%63.8%160.1%
Skew 25d10.5%-10.2%48.0%33.9%5.8%
Skew 10d11.8%-79.4%115.9%36.3%18.8%
Call IV 25d65.5%43.4%91.7%61.0%81.3%
Put IV 25d76.0%53.6%118.8%94.9%87.2%
Bid-Ask Spread %113.5367.31145.70118.31122.36
Gamma HHI0.480.330.880.750.33
Net GEX5.9K3.1K12.3K6.6K5.3K
Net DEX-603.9K-727.3K-454.2K-454.2K-678.4K
Net VEX-1.4K-1.9K-973-1.1K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.770.210.02
Total Volume392.21164883142623
Total OI4,904.6324,2816,1124,5146,112

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$1.89$2.0080.2%21.5%58.9%34.5%0.0%33.9%3.2%6.6K-454.2K-1.1K0.21118.31N/AN/A117254,092422
2021-01-05$1.94$2.0058.9%20.7%50.6%22.1%0.0%-10.2%2.3%8.5K-466.9K-1.1K0.00144.00N/AN/A12804,020447
2021-01-06$1.94$2.0075.4%18.3%50.1%31.7%63.8%3.1%7.9%7.9K-467.1K-1.1K0.12117.76N/AN/A374444,090447
2021-01-07$2.05$2.0040.9%20.7%52.9%11.5%0.0%-9.1%-5.3%12.3K-491.8K-9730.7798.37N/AN/A3292533,790491
2021-01-08$2.45$2.0081.4%17.1%78.3%35.2%58.7%-6.5%-12.3%3.1K-727.3K-1.1K0.00120.48N/AN/A88033,742615
2021-01-11$2.36$2.00125.6%24.4%79.2%60.6%63.7%37.5%17.1%3.4K-667.3K-1.2K0.00135.09N/AN/A61223,794617
2021-01-12$2.34$2.00111.6%21.6%79.3%52.2%65.6%23.6%-7.2%4.0K-668.6K-1.3K0.00103.60N/AN/A76814,012619
2021-01-13$2.38$2.0063.0%18.1%78.8%23.4%50.4%17.1%9.0%4.3K-678.3K-1.3K0.02116.24N/AN/A18834,111620
2021-01-14$2.37$2.0064.1%18.4%74.4%24.1%58.5%18.4%11.9%4.5K-686.4K-1.3K0.08102.89N/AN/A271214,268622
2021-01-15$2.36$2.0065.2%18.7%74.3%24.7%50.0%22.0%13.9%4.9K-611.4K-1.3K0.04105.41N/AN/A16674,076637
2021-01-19$2.43$2.0047.1%13.5%74.3%14.0%47.7%6.4%27.2%5.2K-591.4K-1.3K0.0367.31N/AN/A338103,847500
2021-01-20$2.39$2.0069.7%20.0%74.6%27.4%59.4%-4.7%6.9%5.4K-582.9K-1.4K0.00104.08N/AN/A6404,129502
2021-01-21$2.42$2.0049.5%14.2%71.0%15.4%50.6%5.1%30.0%5.6K-601.7K-1.5K0.0476.66N/AN/A713284,150502
2021-01-22$2.42$2.0050.4%14.4%69.6%16.0%51.5%3.0%18.1%6.2K-652.9K-1.7K0.03114.30N/AN/A7324,706522
2021-01-25$2.39$2.0068.7%19.7%70.1%23.5%65.5%48.0%26.0%6.7K-660.3K-1.8K0.02109.34N/AN/A662114,764520
2021-01-26$2.31$2.0055.6%15.9%71.9%15.4%0.0%-8.2%19.3%6.3K-625.4K-1.8K0.23129.71N/AN/A210485,064531
2021-01-27$2.26$2.0066.2%19.0%72.5%21.9%68.4%13.5%14.3%5.6K-562.9K-1.4K0.04145.70N/AN/A286105,212574
2021-01-28$2.25$2.0074.6%21.4%71.9%27.1%0.0%-0.1%-4.7%6.8K-598.3K-1.9K0.01125.51N/AN/A18025,437584
2021-01-29$2.21$2.00111.3%31.9%72.4%49.8%160.1%5.8%-81.5%5.3K-678.4K-1.8K0.02122.36N/AN/A612115,528584