DSX Options History — February 2022

In February 2022, DSX traded between $3.75 and $4.97. ATM implied volatility averaged 72.7%, placing in the 29.1% IV rank vs the trailing year. The 30-day expected move averaged 20.6%. IV traded above realized volatility by 13.3% (HV 20d: 59.4%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.41.

Notable Days

2022-02-28: Highest Volume — 2,559 contracts
2022-02-25: Largest IV spike — 264.0% change
2022-02-25: Highest IV Rank — 100.0%
2022-02-25: Largest Expected Move — 77.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.19	$3.75	$4.97	$3.84	$4.97
Max Pain	$4.00	$4.00	$4.00	$4.00	$4.00
ATM IV	72.7%	51.9%	271.6%	51.9%	71.6%
Expected Move	20.6%	14.4%	77.9%	14.9%	20.5%
HV 20d	59.4%	53.5%	72.1%	56.7%	72.1%
HV 60d	59.4%	58.3%	64.7%	58.3%	59.6%
IV Rank	29.1%	15.6%	100.0%	15.6%	16.7%
IV Percentile	39.7%	8.7%	100.0%	8.7%	69.0%
Term Structure	1.7%	-19.6%	14.2%	2.1%	-8.4%
VWIV	69.7%	52.1%	111.9%	52.1%	75.2%
Skew 25d	16.0%	-107.6%	146.1%	126.2%	15.4%
Skew 10d	36.9%	-100.2%	228.8%	167.4%	28.3%
Call IV 25d	66.8%	39.3%	190.3%	52.1%	55.5%
Put IV 25d	82.8%	51.5%	199.5%	178.3%	71.0%
Bid-Ask Spread %	79.56	31.47	103.94	31.47	64.99
Gamma HHI	0.89	0.58	0.95	0.95	0.58
Net GEX	158.7K	30.6K	196.7K	153.9K	30.6K
Net DEX	-5.1M	-10.1M	-2.6M	-2.8M	-10.1M
Net VEX	-10.4K	-11.6K	-3.9K	-10.8K	-3.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.21	0.80	0.26	0.27
Total Volume	993	548	2,559	825	2,559
Total OI	22,109.053	21,010	23,283	21,010	23,283

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$3.84	$4.00	51.9%	14.9%	56.7%	15.6%	52.1%	126.2%	2.1%	153.9K	-2.8M	-10.8K	0.26	31.47	N/A	N/A	654	171	20,355	655
2022-02-02	$3.89	$4.00	52.7%	15.1%	56.9%	16.2%	53.1%	146.1%	3.8%	151.0K	-3.2M	-11.2K	0.39	76.18	N/A	N/A	432	170	20,448	644
2022-02-03	$3.75	$4.00	57.6%	16.3%	55.9%	19.9%	83.3%	5.4%	7.2%	140.2K	-2.7M	-10.5K	0.35	88.77	N/A	N/A	485	168	20,461	635
2022-02-04	$3.77	$4.00	58.4%	15.5%	55.9%	20.5%	53.6%	6.2%	7.3%	150.8K	-2.6M	-10.3K	0.25	80.53	N/A	N/A	674	168	20,585	635
2022-02-07	$3.96	$4.00	61.0%	14.4%	59.0%	22.5%	54.3%	13.2%	11.8%	183.0K	-3.7M	-11.2K	0.22	76.13	N/A	N/A	795	173	20,504	625
2022-02-08	$3.96	$4.00	53.8%	15.8%	58.5%	17.0%	58.8%	54.7%	5.6%	181.4K	-3.7M	-11.2K	0.37	72.98	N/A	N/A	629	230	21,078	623
2022-02-09	$4.12	$4.00	52.8%	15.1%	59.1%	16.2%	59.4%	16.1%	0.8%	191.0K	-4.9M	-11.6K	0.33	74.21	N/A	N/A	559	185	21,299	693
2022-02-10	$4.28	$4.00	56.5%	16.2%	60.7%	19.1%	63.9%	-4.2%	14.2%	172.9K	-5.9M	-11.4K	0.22	79.82	N/A	N/A	940	206	21,414	689
2022-02-11	$4.16	$4.00	63.4%	18.2%	59.6%	24.4%	68.7%	-7.5%	13.9%	166.9K	-5.2M	-11.4K	0.21	91.22	N/A	N/A	1,010	209	21,570	658
2022-02-14	$4.10	$4.00	67.6%	19.4%	59.2%	27.5%	78.2%	-9.5%	4.0%	167.4K	-5.0M	-11.2K	0.57	75.74	N/A	N/A	377	214	21,978	668
2022-02-15	$4.27	$4.00	64.4%	18.5%	60.5%	25.1%	73.1%	86.8%	7.7%	176.6K	-5.9M	-10.9K	0.44	94.55	N/A	N/A	516	228	22,000	684
2022-02-16	$4.34	$4.00	60.8%	17.4%	60.3%	23.2%	76.5%	0.8%	4.9%	196.7K	-6.3M	-10.4K	0.79	84.59	N/A	N/A	306	242	22,132	710
2022-02-17	$4.40	$4.00	59.2%	17.0%	58.9%	22.0%	66.9%	-8.1%	-19.6%	171.4K	-6.8M	-10.1K	0.45	103.94	N/A	N/A	540	242	22,134	718
2022-02-18	$4.24	$4.00	66.2%	19.0%	53.5%	32.5%	71.9%	-5.6%	-9.6%	172.2K	-5.8M	-10.5K	0.80	77.69	N/A	N/A	443	356	22,237	718
2022-02-22	$4.40	$4.00	67.8%	19.4%	54.4%	37.6%	71.5%	-4.1%	-3.0%	191.3K	-6.3M	-9.7K	0.42	102.63	N/A	N/A	929	390	21,342	612
2022-02-23	$4.17	$4.00	69.0%	19.8%	58.9%	45.5%	73.4%	-6.3%	-6.9%	185.1K	-5.0M	-10.3K	0.78	80.62	N/A	N/A	539	419	21,441	702
2022-02-24	$4.14	$4.00	74.6%	21.4%	56.5%	52.2%	78.0%	-13.4%	-8.2%	172.2K	-4.8M	-10.3K	0.34	94.53	N/A	N/A	1,031	354	21,473	810
2022-02-25	$4.76	$4.00	271.6%	77.9%	71.6%	100.0%	111.9%	-107.6%	4.6%	60.0K	-7.0M	-10.8K	0.35	61.08	N/A	N/A	984	340	21,999	860
2022-02-28	$4.97	$4.00	71.6%	20.5%	72.1%	16.7%	75.2%	15.4%	-8.4%	30.6K	-10.1M	-3.9K	0.27	64.99	N/A	N/A	2,009	550	22,388	895