DSX Options History — December 2021

In December 2021, DSX traded between $3.67 and $4.16. ATM implied volatility averaged 53.0%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 13.7% (HV 20d: 66.8%). Max pain ranged from $2.00 to $4.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.09.

Notable Days

  • 2021-12-03: Highest Volume — 2,053 contracts
  • 2021-12-13: Largest IV spike — 97.9% change
  • 2021-12-13: Highest IV Rank — 42.1%
  • 2021-12-06: Largest Expected Move — 24.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.90$3.67$4.16$3.94$3.90
Max Pain$3.91$2.00$4.00$4.00$4.00
ATM IV53.0%40.0%86.8%58.4%48.6%
Expected Move16.0%12.2%24.3%16.7%13.9%
HV 20d66.8%44.7%72.9%66.1%44.9%
HV 60d62.2%54.1%68.1%68.1%54.1%
IV Rank16.4%6.5%42.1%20.5%13.1%
IV Percentile12.7%0.4%79.8%13.9%5.2%
Term Structure18.2%-54.7%96.5%64.5%8.3%
VWIV68.0%42.9%124.4%59.3%48.8%
Skew 25d14.2%-92.8%99.5%-25.3%3.2%
Skew 10d25.9%-64.5%141.2%-43.6%5.6%
Call IV 25d52.5%39.6%94.9%82.9%45.5%
Put IV 25d66.7%2.1%145.5%57.6%48.8%
Bid-Ask Spread %69.9926.79140.39123.5960.75
Gamma HHI0.610.440.780.440.69
Net GEX2.0K-3.0K36.2K36.2K1.7K
Net DEX11.9K-114.1K293.2K293.2K-80.0K
Net VEX-919-6.8K-117-6.8K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.441.571.090.73
Total Volume1,022.7275282,0531,457528
Total OI2,899.40925429,78329,7832,162

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$3.94$4.0058.4%16.7%66.1%20.5%59.3%-25.3%64.5%36.2K293.2K-6.8K1.09123.59N/AN/A69875922,4427,341
2021-12-02$3.93$4.0069.7%20.0%65.3%29.1%73.1%5.8%27.8%128-14.1K-1171.0588.70N/AN/A72475917480
2021-12-03$3.80$4.0059.4%17.0%65.3%21.3%59.5%0.8%96.5%-200-17.3K-1521.18109.89N/AN/A9411,11225680
2021-12-06$4.02$4.0062.8%24.3%69.6%23.9%124.4%4.5%50.5%-1.4K-17.4K-4101.32140.39N/AN/A510672678588
2021-12-07$4.16$4.0040.0%15.3%71.0%6.5%122.9%-92.8%-29.3%-3.0K-114.1K-4721.49123.50N/AN/A440655740675
2021-12-08$4.16$2.0052.0%16.9%70.7%15.6%79.1%-5.8%5.7%-1.6K-93.6K-5501.5567.63N/AN/A4406801,226702
2021-12-09$4.04$4.0045.1%16.9%70.6%10.4%68.5%6.8%11.3%-2.8K-30.1K-5711.2850.82N/AN/A5336801,236732
2021-12-10$4.02$4.0043.9%17.2%70.1%9.5%72.7%6.7%7.8%-2.3K-38.3K-7081.1448.61N/AN/A5336081,344732
2021-12-13$3.81$4.0086.8%19.2%71.4%42.1%76.0%-2.0%1.6%-2.2K65.4K-5861.1646.67N/AN/A5386251,343757
2021-12-14$3.67$4.0051.1%17.9%71.7%15.0%64.6%-5.3%7.5%1.6K206.2K-4350.9365.61N/AN/A6496051,375777
2021-12-15$3.80$4.0057.0%16.3%72.9%19.4%93.2%9.3%77.0%-1.3K81.4K-4991.4499.93N/AN/A4356281,494777
2021-12-16$3.70$4.0058.4%16.8%71.8%20.6%74.9%-6.5%-54.7%2.5K236.2K-4501.4451.29N/AN/A4376311,497877
2021-12-17$3.79$4.0058.3%16.7%71.4%20.5%94.2%40.5%16.7%2.6K230.3K-4961.57105.78N/AN/A4126471,499880
2021-12-20$3.80$4.0049.5%14.2%68.9%13.8%56.0%99.5%4.6%2.8K-55.8K-4841.1866.02N/AN/A269318705105
2021-12-21$3.86$4.0047.3%13.6%69.1%12.1%48.5%5.5%15.0%2.6K-53.2K-5160.6560.40N/AN/A417273708162
2021-12-22$3.84$4.0048.7%14.0%68.2%13.2%49.1%87.5%16.7%2.6K-50.2K-6381.0441.65N/AN/A380396856217
2021-12-23$3.96$4.0044.5%12.8%68.7%9.9%44.5%3.7%15.6%868-40.8K-7780.9030.69N/AN/A440397884404
2021-12-27$3.90$4.0043.6%12.5%67.1%9.3%43.7%95.9%9.4%755-28.7K-8770.4945.77N/AN/A5082471,047458
2021-12-28$3.88$4.0051.1%14.7%66.7%15.0%51.5%0.5%14.2%1.2K-51.6K-1.0K0.4443.77N/AN/A5442401,203493
2021-12-29$3.86$4.0042.7%12.2%62.6%8.6%42.9%2.7%21.8%2.3K-81.8K-1.1K0.6626.79N/AN/A3582371,410511
2021-12-30$3.94$4.0047.5%13.6%44.7%12.2%47.5%77.9%10.9%1.7K-84.0K-1.3K1.3041.50N/AN/A2603371,523637
2021-12-31$3.90$4.0048.6%13.9%44.9%13.1%48.8%3.2%8.3%1.7K-80.0K-1.3K0.7360.75N/AN/A3062221,525637