DSX Options History — January 2023

In January 2023, DSX traded between $3.46 and $4.01. ATM implied volatility averaged 42.5%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 16.3% (HV 20d: 58.9%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-01-23: Highest Volume — 2,541 contracts
  • 2023-01-09: Largest IV spike — 107.4% change
  • 2023-01-09: Highest IV Rank — 12.9%
  • 2023-01-03: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.71$3.46$4.01$3.67$4.01
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV42.5%26.1%60.5%58.4%39.3%
Expected Move12.4%7.5%16.7%16.7%11.3%
HV 20d58.9%52.8%65.5%53.2%57.8%
HV 60d55.9%52.6%58.3%52.9%58.3%
IV Rank5.5%0.0%12.9%10.4%5.4%
IV Percentile10.8%0.0%48.0%38.9%4.4%
Term Structure6.7%-8.3%22.4%-8.3%6.9%
VWIV47.0%33.2%68.8%59.2%40.0%
Skew 25d4.8%-28.3%91.2%-10.0%84.7%
Skew 10d9.9%-22.4%134.9%-11.0%134.9%
Call IV 25d44.4%25.7%58.9%58.9%42.5%
Put IV 25d49.2%25.7%135.5%48.9%127.2%
Bid-Ask Spread %57.6112.13100.3070.8021.29
Gamma HHI0.610.460.870.500.87
Net GEX16.0K5.4K47.3K9.1K47.3K
Net DEX-205.2K-837.9K-15.0K-155.1K-837.9K
Net VEX-3.2K-5.7K-2.2K-2.6K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.012.620.120.04
Total Volume408.95732,54173476
Total OI6,209.654,5479,5084,5479,508

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$3.67$4.0058.4%16.7%53.2%10.4%59.2%-10.0%-8.3%9.1K-155.1K-2.6K0.1270.80N/AN/A6583,0841,463
2023-01-04$3.66$4.0037.3%10.7%52.8%1.5%39.9%6.1%12.2%9.0K-122.0K-2.5K0.2549.42N/AN/A96243,0911,474
2023-01-05$3.59$4.0040.2%14.3%52.9%2.7%50.0%-6.0%0.6%8.4K-109.1K-2.5K0.2564.57N/AN/A202503,1671,479
2023-01-06$3.80$4.0029.2%12.9%55.2%0.0%44.9%-3.5%4.4%12.6K-227.1K-2.6K0.1480.47N/AN/A124173,1781,529
2023-01-09$3.65$4.0060.5%14.6%56.6%12.9%51.8%-5.1%1.1%9.9K-163.6K-2.5K0.1373.41N/AN/A91123,2361,534
2023-01-10$3.79$4.0035.3%10.1%57.8%2.5%39.8%-7.8%11.0%14.5K-206.8K-2.5K0.0178.91N/AN/A15913,3131,546
2023-01-11$3.58$4.0041.6%11.9%61.3%5.1%47.8%-14.8%3.1%9.1K-123.3K-2.5K0.0473.84N/AN/A11153,4061,547
2023-01-12$3.46$4.0031.8%9.1%62.5%1.1%33.2%-28.3%22.3%5.4K-49.1K-2.2K0.9071.78N/AN/A42383,4971,554
2023-01-13$3.65$4.0044.9%12.9%65.5%6.5%49.1%-14.9%1.9%10.6K-149.1K-2.4K0.1179.84N/AN/A94103,5261,589
2023-01-17$3.77$4.0042.2%12.1%65.3%5.4%47.8%-5.9%6.0%14.3K-221.8K-2.3K1.19100.30N/AN/A3013593,5751,599
2023-01-18$3.75$4.0049.1%14.1%65.2%8.2%49.2%-1.2%0.6%15.3K-184.3K-2.8K1.0475.88N/AN/A2032113,8751,947
2023-01-19$3.75$4.0045.7%13.1%63.5%6.8%45.7%-4.7%19.4%12.2K-81.1K-2.7K0.1887.26N/AN/A82153,9522,162
2023-01-20$3.87$4.0041.5%11.9%63.6%5.1%41.8%7.6%1.2%16.6K-186.7K-3.0K2.6223.54N/AN/A902364,0152,174
2023-01-23$3.66$4.0047.8%13.7%61.0%7.7%48.2%-8.2%7.1%7.4K-15.0K-2.8K0.2139.32N/AN/A2,1004413,3082,127
2023-01-24$3.63$4.0048.3%13.8%58.3%7.9%44.1%-7.8%-6.2%14.8K-127.3K-4.2K0.1961.77N/AN/A6751315,2072,580
2023-01-25$3.63$4.0026.1%7.5%56.2%0.0%68.8%9.8%22.4%21.7K-73.9K-4.1K0.1856.40N/AN/A79145,7822,711
2023-01-26$3.66$4.0039.5%11.3%55.2%5.5%0.0%11.6%19.1%20.2K-152.1K-4.3K0.0315.54N/AN/A27095,8442,721
2023-01-27$3.80$4.0043.3%12.4%56.8%7.0%43.2%91.2%2.6%32.0K-345.9K-4.8K0.1412.13N/AN/A371536,0962,729
2023-01-30$3.88$4.0048.6%13.9%56.6%9.1%48.6%2.9%7.4%30.0K-573.3K-5.3K0.0915.65N/AN/A840746,3592,709
2023-01-31$4.01$4.0039.3%11.3%57.8%5.4%40.0%84.7%6.9%47.3K-837.9K-5.7K0.0421.29N/AN/A456206,7712,737