DSX Options History — March 2021

In March 2021, DSX traded between $2.77 and $3.52. ATM implied volatility averaged 87.4%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded below realized volatility by 10.0% (HV 20d: 97.4%). Max pain ranged from $3.00 to $3.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.43.

Notable Days

  • 2021-03-17: Highest Volume — 8,965 contracts
  • 2021-03-04: Largest IV spike — 26.6% change
  • 2021-03-04: Highest IV Rank — 51.6%
  • 2021-03-04: Largest Expected Move — 30.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.13$2.77$3.52$2.86$3.06
Max Pain$3.00$3.00$3.00$3.00$3.00
ATM IV87.4%65.6%114.1%100.2%73.0%
Expected Move25.1%18.8%30.4%28.7%20.9%
HV 20d97.4%79.3%123.6%123.6%79.3%
HV 60d90.3%87.9%93.5%88.1%93.5%
IV Rank35.0%21.6%51.6%43.0%26.2%
IV Percentile40.3%15.0%69.8%56.7%22.4%
Term Structure5.7%-20.6%68.9%19.3%1.8%
VWIV92.2%66.6%124.6%108.2%73.0%
Skew 25d-6.2%-42.6%61.8%-22.5%16.8%
Skew 10d-10.9%-63.6%102.2%-42.2%26.7%
Call IV 25d95.4%60.7%119.8%116.9%61.3%
Put IV 25d89.2%67.1%122.5%94.4%78.0%
Bid-Ask Spread %55.7611.8383.4477.0238.83
Gamma HHI0.530.310.840.510.41
Net GEX-8.1K-67.7K29.8K-21.7K4.9K
Net DEX-770.4K-2.4M63.6K-339.4K-101.3K
Net VEX-7.7K-10.7K-5.2K-6.4K-9.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.0312.240.810.52
Total Volume1,087.3481178,965820359
Total OI23,450.82617,17431,31021,62824,419

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$2.86$3.00100.2%28.7%123.6%43.0%108.2%-22.5%19.3%-21.7K-339.4K-6.4K0.8177.02N/AN/A4543669,19212,436
2021-03-02$2.86$3.00102.5%29.4%116.0%44.4%109.1%-42.6%2.1%-24.1K-162.9K-6.3K0.3073.84N/AN/A90279,38212,789
2021-03-03$2.99$3.0090.1%25.8%114.3%36.7%89.0%7.2%1.2%-26.5K-418.0K-6.4K0.1081.52N/AN/A552569,38412,814
2021-03-04$2.79$3.00114.1%30.4%117.2%51.6%106.4%0.8%5.2%-21.8K-146.7K-6.1K0.8583.44N/AN/A73629,37512,772
2021-03-05$2.77$3.00112.8%28.4%116.7%50.8%124.6%-17.6%32.6%-24.8K63.6K-5.8K11.5872.00N/AN/A981,1359,35812,805
2021-03-08$2.96$3.0096.5%29.6%118.7%40.7%113.8%-28.4%11.9%-32.4K-131.4K-6.2K0.1563.19N/AN/A194309,38413,923
2021-03-09$2.91$3.0081.6%29.3%118.9%31.4%102.7%-14.7%5.3%-41.8K-171.2K-6.1K1.8642.42N/AN/A651219,55913,893
2021-03-10$3.18$3.0097.1%27.8%111.4%41.0%103.8%-20.1%-20.6%-30.7K-712.7K-6.4K0.0775.74N/AN/A497349,56413,987
2021-03-11$3.25$3.0089.7%25.7%111.0%36.5%92.4%-16.4%-3.8%5.8K-1.6M-5.2K1.3957.63N/AN/A1141599,69313,990
2021-03-12$3.30$3.00100.4%28.8%111.1%43.0%98.2%-3.6%-7.7%-20.5K-976.6K-6.7K0.5341.61N/AN/A86469,76914,101
2021-03-15$3.31$3.00101.6%29.1%85.2%43.8%103.2%-11.1%-9.5%-27.2K-1.1M-6.1K0.1163.45N/AN/A281309,79314,099
2021-03-16$3.16$3.0092.7%26.6%85.8%38.3%99.2%-6.9%3.2%-67.7K-865.3K-5.7K0.0659.82N/AN/A224139,78214,112
2021-03-17$3.52$3.0083.1%23.8%83.9%32.4%89.8%-2.6%13.6%8.4K-1.7M-5.2K0.0363.42N/AN/A8,7382279,61214,113
2021-03-18$3.37$3.0073.2%21.0%85.0%26.3%95.0%-28.3%68.9%25.5K-2.3M-9.5K0.0880.08N/AN/A5914616,96414,285
2021-03-19$3.50$3.0082.2%23.6%83.4%31.8%95.7%-13.6%-2.8%27.4K-2.4M-9.9K0.2968.92N/AN/A78722916,99114,319
2021-03-22$3.51$3.0080.5%23.1%80.4%30.8%78.1%2.0%3.2%29.8K-2.1M-9.8K0.1649.48N/AN/A74111714,6532,521
2021-03-23$3.20$3.0076.6%22.0%84.6%28.4%73.3%-13.3%-9.0%24.3K-1.5M-8.8K12.2437.39N/AN/A4225,16614,9472,647
2021-03-24$3.12$3.0065.6%18.8%84.6%21.6%66.6%-21.3%8.4%4.9K-267.1K-10.3K0.1918.89N/AN/A3897315,1317,711
2021-03-25$3.18$3.0075.8%21.7%83.7%27.9%75.2%12.0%3.5%5.8K-208.1K-10.2K0.6560.42N/AN/A57437115,3707,780
2021-03-26$3.16$3.0078.3%22.4%83.7%29.4%80.3%13.0%-0.1%6.6K-298.6K-10.7K0.2230.88N/AN/A2655715,7328,039
2021-03-29$3.01$3.0075.1%21.5%80.7%27.5%77.6%7.2%-4.7%5.7K-170.6K-10.2K0.6511.83N/AN/A35423015,8408,021
2021-03-30$3.01$3.0067.6%19.4%80.7%22.8%66.6%61.8%8.6%4.6K-86.7K-9.9K0.0530.55N/AN/A4452116,1258,193
2021-03-31$3.06$3.0073.0%20.9%79.3%26.2%73.0%16.8%1.8%4.9K-101.3K-9.5K0.5238.83N/AN/A23612316,2078,212