DSX Options History — May 2021

In May 2021, DSX traded between $3.65 and $4.88. ATM implied volatility averaged 91.0%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 25.4%. IV traded above realized volatility by 18.9% (HV 20d: 72.2%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.38.

Notable Days

  • 2021-05-21: Highest Volume — 12,395 contracts
  • 2021-05-05: Largest IV spike — 23.5% change
  • 2021-05-11: Highest IV Rank — 49.6%
  • 2021-05-06: Largest Expected Move — 30.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.12$3.65$4.88$3.97$4.51
Max Pain$3.40$3.00$4.00$4.00$4.00
ATM IV91.0%71.1%110.9%92.0%81.7%
Expected Move25.4%20.4%30.6%26.4%23.4%
HV 20d72.2%55.6%97.1%55.6%96.9%
HV 60d76.2%68.5%86.1%85.6%76.5%
IV Rank37.1%24.6%49.6%37.9%31.2%
IV Percentile52.1%23.5%74.9%55.8%41.8%
Term Structure-1.0%-23.3%60.8%2.1%-1.9%
VWIV91.2%35.0%106.3%92.3%80.4%
Skew 25d-13.1%-24.8%7.4%-19.6%-11.4%
Skew 10d-11.5%-85.1%37.1%-26.5%-31.4%
Call IV 25d100.7%77.1%114.9%98.0%88.6%
Put IV 25d87.5%68.0%106.2%78.4%77.2%
Bid-Ask Spread %37.3713.7560.2551.7013.75
Gamma HHI0.600.450.730.550.63
Net GEX64.8K33.0K117.3K33.0K83.5K
Net DEX-4.6M-7.9M-2.4M-3.0M-5.2M
Net VEX-17.9K-21.5K-14.0K-14.0K-20.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.004.040.010.07
Total Volume2,847.837912,3953,909883
Total OI38,172.0529,16041,78029,16038,170

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$3.97$4.0092.0%26.4%55.6%37.9%92.3%-19.6%2.1%33.0K-3.0M-14.0K0.0151.70N/AN/A3,8703921,0568,104
2021-05-04$3.92$4.0075.7%21.7%56.0%27.8%35.0%-8.6%60.8%50.8K-3.8M-15.1K0.4847.94N/AN/A51724723,6518,151
2021-05-05$3.78$4.0093.5%26.8%58.6%38.8%93.3%-0.5%1.8%39.5K-2.8M-14.6K0.0857.32N/AN/A5,30444023,8978,377
2021-05-06$3.65$3.00106.5%30.6%60.7%46.9%106.3%-24.4%-23.3%34.5K-2.4M-14.9K0.2260.25N/AN/A55212124,7558,809
2021-05-07$3.98$3.00108.3%26.0%66.8%48.0%96.9%-21.5%-6.4%49.4K-4.2M-17.8K0.1854.03N/AN/A4,07572826,9248,908
2021-05-10$4.02$3.00107.9%26.8%64.5%47.7%102.1%-15.2%-7.9%58.6K-4.5M-18.3K0.0937.59N/AN/A2,44821429,2509,583
2021-05-11$4.12$3.00110.9%27.5%62.7%49.6%97.4%-6.1%-5.6%64.5K-5.0M-19.5K0.1423.25N/AN/A1,35419630,3709,782
2021-05-12$3.87$3.0094.7%27.2%67.6%39.6%99.7%-15.1%-9.0%58.8K-3.9M-18.4K0.3144.28N/AN/A55017030,8929,910
2021-05-13$3.79$3.0093.5%26.8%68.3%38.8%94.9%-20.8%-3.8%49.1K-3.3M-17.5K0.1827.88N/AN/A60610730,8129,980
2021-05-14$3.74$3.0098.4%28.2%68.7%41.6%97.9%-5.3%-11.7%48.3K-3.2M-17.2K0.0041.39N/AN/A379030,59610,035
2021-05-17$3.89$3.0096.5%27.7%66.8%40.4%105.9%1.8%-8.2%47.1K-3.6M-17.2K0.0530.56N/AN/A1,3717530,59510,035
2021-05-18$4.17$3.0090.8%26.0%69.3%36.9%97.8%-17.4%-5.7%68.1K-5.8M-18.1K0.1216.34N/AN/A2,44229531,5959,994
2021-05-19$4.45$3.0098.2%28.2%64.8%41.5%105.5%-9.8%-5.7%102.6K-7.9M-17.6K0.0616.76N/AN/A1,75811431,65810,075
2021-05-20$4.10$3.00101.7%29.2%71.9%43.7%105.4%-12.5%-11.5%38.0K-5.0M-17.2K1.1621.04N/AN/A1,6901,96831,2879,959
2021-05-21$4.35$3.0080.5%23.1%72.6%30.5%87.0%-19.3%2.2%114.2K-7.3M-17.0K4.0433.51N/AN/A2,4589,93731,65510,125
2021-05-24$4.88$4.0074.4%21.3%81.6%26.7%77.4%7.4%-1.2%117.3K-7.5M-21.5K0.0841.66N/AN/A4,66038528,23210,254
2021-05-25$4.27$4.0071.4%20.5%96.6%24.8%90.7%-24.8%9.0%84.7K-4.3M-19.8K0.0540.82N/AN/A5,34427229,00710,495
2021-05-26$4.43$4.0071.1%20.4%97.1%24.6%78.1%-19.1%3.2%77.5K-4.9M-20.8K0.0840.72N/AN/A9207527,42010,674
2021-05-27$4.41$4.0073.0%20.9%96.7%25.8%79.3%-20.6%3.7%76.5K-5.0M-20.5K0.1346.55N/AN/A3474527,63810,731
2021-05-28$4.51$4.0081.7%23.4%96.9%31.2%80.4%-11.4%-1.9%83.5K-5.2M-20.5K0.0713.75N/AN/A8255827,41110,759