DSX Options History — February 2023

In February 2023, DSX traded between $4.08 and $4.71. ATM implied volatility averaged 45.9%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 3.5% (HV 20d: 42.3%). 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 7 of 19 days. Put/call ratio averaged 1.08.

Notable Days

2023-02-22: Highest Volume — 1,812 contracts
2023-02-07: Largest IV spike — 121.3% change
2023-02-07: Highest IV Rank — 16.6%
2023-02-21: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.30	$4.08	$4.71	$4.11	$4.63
Max Pain	$4.00	$4.00	$4.00	$4.00	$4.00
ATM IV	45.9%	24.7%	66.8%	42.4%	29.7%
Expected Move	12.9%	7.1%	16.7%	12.1%	8.5%
HV 20d	42.3%	29.4%	54.3%	54.2%	38.5%
HV 60d	55.8%	48.4%	58.3%	58.2%	48.4%
IV Rank	8.1%	0.0%	16.6%	6.6%	2.0%
IV Percentile	21.4%	0.0%	72.6%	8.3%	1.6%
Term Structure	0.1%	-17.2%	18.7%	0.5%	9.4%
VWIV	49.4%	31.0%	78.3%	42.4%	34.5%
Skew 25d	105.4%	14.8%	286.5%	96.4%	128.6%
Skew 10d	174.7%	64.9%	384.2%	214.7%	211.3%
Call IV 25d	61.9%	28.8%	143.5%	41.9%	76.3%
Put IV 25d	167.3%	76.1%	374.2%	138.3%	204.9%
Bid-Ask Spread %	51.42	28.41	77.46	46.62	44.95
Gamma HHI	0.71	0.44	0.88	0.88	0.45
Net GEX	39.7K	10.1K	62.9K	62.9K	21.9K
Net DEX	-1.3M	-2.0M	-840.8K	-1.1M	-1.8M
Net VEX	-5.7K	-6.6K	-4.5K	-6.0K	-5.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.08	0.02	5.06	0.09	0.77
Total Volume	400.842	49	1,812	336	177
Total OI	10,523.105	9,689	11,194	10,041	10,841

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
2023-02-01	$4.11	$4.00	42.4%	12.1%	54.2%	6.6%	42.4%	96.4%	0.5%	62.9K	-1.1M	-6.0K	0.09	46.62	N/A	N/A	307	29	7,284	2,757
2023-02-02	$4.19	$4.00	52.5%	13.1%	54.3%	10.7%	45.4%	46.0%	-0.3%	60.3K	-1.3M	-5.9K	0.03	60.40	N/A	N/A	814	28	7,281	2,776
2023-02-03	$4.17	$4.00	50.6%	14.1%	53.6%	10.0%	50.6%	48.9%	-8.3%	48.7K	-1.2M	-5.8K	3.97	61.98	N/A	N/A	66	262	6,915	2,774
2023-02-06	$4.24	$4.00	30.2%	13.4%	50.5%	1.7%	47.7%	14.8%	-2.6%	54.6K	-1.3M	-5.7K	0.24	77.46	N/A	N/A	401	97	6,943	3,029
2023-02-07	$4.21	$4.00	66.8%	13.0%	47.8%	16.6%	70.7%	15.4%	-2.7%	54.9K	-1.2M	-5.7K	0.02	72.58	N/A	N/A	108	2	6,970	3,062
2023-02-08	$4.33	$4.00	55.7%	16.0%	47.1%	12.1%	62.5%	128.0%	-11.0%	23.8K	-1.8M	-4.5K	0.38	70.27	N/A	N/A	146	56	7,002	3,064
2023-02-09	$4.25	$4.00	48.7%	14.0%	41.9%	9.2%	78.3%	25.9%	1.1%	47.4K	-1.4M	-6.0K	0.46	61.94	N/A	N/A	268	122	7,049	3,106
2023-02-10	$4.08	$4.00	54.2%	15.5%	42.9%	11.4%	54.2%	123.2%	-7.6%	47.7K	-950.8K	-6.1K	5.06	67.75	N/A	N/A	157	794	7,279	3,113
2023-02-13	$4.11	$4.00	55.0%	15.8%	39.4%	11.7%	47.1%	54.6%	-5.4%	43.9K	-846.3K	-6.6K	1.36	47.83	N/A	N/A	25	34	7,229	3,858
2023-02-14	$4.12	$4.00	57.2%	16.4%	38.2%	12.7%	50.1%	53.9%	-17.2%	44.7K	-840.8K	-6.3K	1.23	48.19	N/A	N/A	22	27	7,225	3,872
2023-02-15	$4.12	$4.00	49.3%	14.1%	38.1%	9.4%	49.3%	52.0%	-3.4%	54.3K	-859.0K	-6.2K	4.45	46.16	N/A	N/A	20	89	7,227	3,895
2023-02-16	$4.14	$4.00	51.9%	14.9%	38.0%	10.5%	51.7%	118.5%	0.0%	46.4K	-917.1K	-6.3K	0.90	45.91	N/A	N/A	62	56	7,237	3,897
2023-02-17	$4.20	$4.00	42.6%	12.2%	36.9%	6.7%	42.9%	69.1%	-0.3%	50.8K	-1.2M	-5.9K	0.05	59.51	N/A	N/A	91	5	7,237	3,957
2023-02-21	$4.21	$4.00	58.3%	16.7%	29.4%	13.1%	65.5%	242.7%	-16.0%	10.1K	-1.2M	-5.0K	0.47	46.61	N/A	N/A	287	135	6,421	3,846
2023-02-22	$4.54	$4.00	32.8%	9.4%	37.5%	2.7%	40.3%	110.8%	17.3%	15.2K	-1.7M	-5.0K	0.46	30.44	N/A	N/A	1,245	567	6,497	3,940
2023-02-23	$4.71	$4.00	40.1%	11.5%	38.3%	5.7%	41.9%	286.5%	11.8%	26.4K	-2.0M	-5.0K	0.29	28.41	N/A	N/A	458	135	7,017	3,748
2023-02-24	$4.67	$4.00	24.7%	7.1%	39.1%	0.0%	31.0%	268.9%	18.7%	20.8K	-1.9M	-5.3K	0.03	30.18	N/A	N/A	126	4	7,103	3,718
2023-02-27	$4.62	$4.00	28.5%	8.2%	38.7%	1.5%	31.9%	118.9%	17.2%	20.4K	-1.7M	-5.3K	0.29	29.83	N/A	N/A	306	88	7,050	3,720
2023-02-28	$4.63	$4.00	29.7%	8.5%	38.5%	2.0%	34.5%	128.6%	9.4%	21.9K	-1.8M	-5.2K	0.77	44.95	N/A	N/A	100	77	7,128	3,713