DSX Options History — March 2022

In March 2022, DSX traded between $4.40 and $5.44. ATM implied volatility averaged 66.9%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded below realized volatility by 5.1% (HV 20d: 72.0%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.75.

Notable Days

  • 2022-03-07: Highest Volume — 75,205 contracts
  • 2022-03-07: Largest IV spike — 67.1% change
  • 2022-03-07: Highest IV Rank — 26.1%
  • 2022-03-17: Largest Expected Move — 28.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.99$4.40$5.44$4.88$5.38
Max Pain$4.55$4.00$6.00$4.00$5.00
ATM IV66.9%56.3%94.1%70.0%66.3%
Expected Move20.2%16.2%28.1%20.1%18.2%
HV 20d72.0%61.4%81.0%71.8%61.4%
HV 60d61.7%58.4%64.6%59.7%62.5%
IV Rank14.8%10.4%26.1%16.1%14.5%
IV Percentile52.4%17.9%92.5%65.1%56.7%
Term Structure2.8%-9.3%28.6%-9.3%-0.5%
VWIV75.0%61.8%123.0%72.6%64.3%
Skew 25d-2.7%-20.3%16.4%-11.8%4.8%
Skew 10d5.2%-35.2%110.0%-25.4%9.0%
Call IV 25d68.9%48.5%82.3%82.3%63.2%
Put IV 25d66.2%52.4%80.1%70.5%68.0%
Bid-Ask Spread %56.4924.36117.8758.6470.70
Gamma HHI0.400.270.640.470.32
Net GEX32.2K16.4K51.2K51.2K42.0K
Net DEX-3.0M-9.8M-759.2K-9.5M-2.3M
Net VEX-7.9K-12.3K-4.6K-4.8K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.011.600.970.34
Total Volume4,72491975,2051,4831,463
Total OI12,926.3048,13223,46823,45412,993

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$4.88$4.0070.0%20.1%71.8%16.1%72.6%-11.8%-9.3%51.2K-9.5M-4.8K0.9758.64N/AN/A75472922,2301,224
2022-03-02$5.06$4.0061.0%17.5%68.1%12.3%73.8%1.8%0.3%39.8K-9.8M-4.9K1.5173.87N/AN/A44967922,0401,428
2022-03-03$4.97$4.0061.3%17.6%69.0%12.4%78.5%1.1%-1.2%35.7K-7.7M-5.0K1.2679.46N/AN/A52766618,2871,456
2022-03-04$4.99$4.0056.3%16.2%66.7%10.4%62.2%3.9%0.6%45.7K-7.8M-5.2K0.9388.21N/AN/A72066618,5441,462
2022-03-07$5.26$4.0094.1%27.0%67.9%26.1%123.0%-0.9%15.4%19.7K-8.8M-4.6K0.0166.69N/AN/A74,75744818,6461,469
2022-03-08$5.38$4.0076.4%21.0%66.9%18.7%81.7%5.6%-6.7%32.7K-2.0M-6.7K0.1645.93N/AN/A2,1503396,4901,642
2022-03-09$5.04$4.0071.7%23.9%72.6%16.8%85.7%-1.7%-2.9%36.4K-1.7M-6.7K0.7736.92N/AN/A1,4641,1206,9961,683
2022-03-10$5.01$4.0073.0%20.6%72.1%17.3%74.6%1.1%-2.6%42.6K-1.7M-7.3K0.3937.30N/AN/A1,0434027,6662,169
2022-03-11$4.97$4.0070.2%20.8%71.6%16.1%77.4%-20.3%-1.0%43.7K-1.6M-7.2K0.4427.34N/AN/A7683417,6722,196
2022-03-14$4.53$4.0076.3%20.6%79.1%18.7%73.2%-7.3%-2.9%33.6K-943.0K-6.4K0.3947.82N/AN/A1,3665317,7082,243
2022-03-15$4.40$4.0068.8%20.7%79.7%15.6%73.3%-9.6%3.1%30.4K-788.4K-6.3K0.4236.19N/AN/A1,1794997,8942,361
2022-03-16$4.42$4.0065.5%20.5%78.5%14.2%71.3%13.7%6.5%16.4K-759.2K-6.2K1.0852.22N/AN/A6817348,1632,412
2022-03-17$4.69$0.0070.3%28.1%81.0%16.2%105.8%-5.6%28.6%16.7K-987.8K-6.8K1.04117.87N/AN/A6967228,2132,677
2022-03-18$4.68$6.0064.5%19.8%81.0%13.8%72.3%-7.6%5.8%17.2K-956.9K-7.3K0.5189.28N/AN/A1,3146658,3862,886
2022-03-21$4.79$6.0065.0%19.9%79.8%14.0%74.3%16.4%4.5%19.7K-807.9K-7.8K0.3654.41N/AN/A1,6275896,1102,468
2022-03-22$4.89$5.0062.7%20.2%79.2%13.0%73.2%3.9%6.6%25.2K-1.1M-9.9K0.9048.19N/AN/A6145557,6112,787
2022-03-23$5.16$5.0061.1%18.6%77.8%12.3%65.1%-18.9%-0.8%28.6K-1.6M-10.6K0.7969.47N/AN/A7786127,8822,830
2022-03-24$4.97$5.0057.5%18.7%79.4%10.9%66.6%-14.0%7.3%28.4K-1.3M-10.3K1.2724.36N/AN/A4055148,1202,954
2022-03-25$5.19$5.0058.5%18.9%64.4%11.3%64.6%-17.3%8.8%31.2K-1.6M-11.0K1.6029.14N/AN/A4136628,2723,069
2022-03-28$5.30$5.0059.4%18.1%63.1%11.7%64.0%-4.0%3.8%32.1K-1.8M-11.1K1.0663.78N/AN/A5686028,4543,193
2022-03-29$5.35$5.0067.7%18.0%62.6%15.1%61.8%2.9%-3.9%33.9K-1.9M-11.7K0.5954.59N/AN/A8354898,8073,188
2022-03-30$5.44$5.0060.8%18.7%61.6%12.2%65.9%1.9%5.1%38.4K-2.2M-11.8K0.4026.82N/AN/A1,0864319,0633,261
2022-03-31$5.38$5.0066.3%18.2%61.4%14.5%64.3%4.8%-0.5%42.0K-2.3M-12.3K0.3470.70N/AN/A1,0923719,6963,297