DSX Options History — March 2023

In March 2023, DSX traded between $3.71 and $4.72. ATM implied volatility averaged 40.3%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 12.4% (HV 20d: 52.7%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-03-09: Highest Volume — 3,398 contracts
  • 2023-03-21: Largest IV spike — 36.1% change
  • 2023-03-10: Highest IV Rank — 20.9%
  • 2023-03-17: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.14$3.71$4.72$4.72$3.90
Max Pain$4.22$4.00$5.00$4.00$4.00
ATM IV40.3%26.2%55.5%26.2%38.1%
Expected Move11.0%7.5%13.3%7.5%10.9%
HV 20d52.7%37.7%65.9%37.7%57.1%
HV 60d51.7%47.5%54.9%48.2%51.0%
IV Rank10.6%0.6%20.9%0.6%9.1%
IV Percentile12.2%0.8%39.3%0.8%8.7%
Term Structure7.0%-2.3%15.6%15.6%6.8%
VWIV41.2%32.8%59.1%46.5%38.1%
Skew 25d49.1%-51.7%236.8%-51.7%235.7%
Skew 10d80.8%-4.5%337.8%-4.5%337.8%
Call IV 25d43.4%33.1%85.7%80.8%40.0%
Put IV 25d92.6%29.1%275.6%29.1%275.6%
Bid-Ask Spread %57.9820.2178.7242.8241.61
Gamma HHI0.360.290.460.460.32
Net GEX15.0K5.5K28.6K22.5K10.6K
Net DEX-585.3K-1.9M426.8K-1.9M-70.4K
Net VEX-5.0K-5.6K-2.5K-5.3K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.001.710.000.00
Total Volume336.87313,39838537
Total OI9,725.5228,13811,11410,8918,813

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$4.72$4.0026.2%7.5%37.7%0.6%46.5%-51.7%15.6%22.5K-1.9M-5.3K0.0042.82N/AN/A38417,1213,770
2023-03-02$4.61$4.0034.9%10.0%38.8%7.0%41.6%-44.2%12.2%23.0K-1.7M-5.1K0.4057.14N/AN/A60247,3443,769
2023-03-03$4.67$4.0034.3%9.8%38.5%6.5%59.1%-40.8%10.5%25.8K-1.8M-4.8K0.0478.72N/AN/A7337,3473,767
2023-03-06$4.61$5.0040.7%10.6%38.9%10.9%38.3%5.2%5.1%24.9K-1.7M-4.7K0.3220.21N/AN/A74247,3293,774
2023-03-07$4.69$5.0041.3%10.0%38.9%11.3%35.3%186.4%14.3%24.8K-1.7M-5.2K0.1759.99N/AN/A121217,1093,795
2023-03-08$4.71$5.0039.4%10.0%38.7%10.0%0.0%188.8%6.5%28.6K-1.8M-4.6K0.7348.36N/AN/A1531127,1723,808
2023-03-09$4.56$5.0044.2%9.8%40.0%13.3%40.3%2.1%6.8%22.8K-1.5M-5.3K0.0149.70N/AN/A3,380187,3163,705
2023-03-10$4.05$5.0055.5%13.2%58.5%20.9%45.9%23.2%4.2%14.7K-305.1K-5.5K1.2756.91N/AN/A3013816,1323,719
2023-03-13$4.00$4.0052.3%12.3%56.8%18.8%42.7%22.2%10.1%14.7K-272.0K-5.5K0.5668.58N/AN/A70396,2843,782
2023-03-14$4.04$4.0046.6%12.4%56.9%14.9%43.3%22.5%7.5%15.4K-341.6K-5.6K0.3068.43N/AN/A185566,3013,825
2023-03-15$3.84$4.0046.4%13.3%59.6%14.7%46.3%6.1%4.6%12.7K14.4K-5.2K1.7167.87N/AN/A2924986,3303,854
2023-03-16$3.85$4.0044.0%12.6%59.6%13.1%44.1%5.3%1.4%10.6K142.1K-5.0K0.8676.61N/AN/A35306,2404,218
2023-03-17$3.71$4.0046.4%13.3%60.7%14.8%46.4%0.4%0.4%5.5K270.7K-4.6K0.4468.90N/AN/A87386,2664,136
2023-03-20$3.77$4.0032.7%9.4%60.7%5.4%37.3%236.8%7.8%6.1K35.0K-4.8K0.1252.90N/AN/A181215,1392,999
2023-03-21$4.03$4.0044.5%12.8%65.9%13.5%43.7%196.0%-2.3%10.2K-233.5K-5.3K0.0147.28N/AN/A48855,2362,978
2023-03-22$3.95$4.0041.0%11.8%59.4%11.1%41.0%23.0%2.5%10.9K-235.5K-5.6K0.7671.75N/AN/A50385,4852,983
2023-03-23$3.94$4.0038.9%11.2%57.1%9.7%38.9%23.3%5.1%10.8K-186.1K-5.4K0.2275.28N/AN/A2765,5093,013
2023-03-24$4.01$4.0039.6%11.3%57.9%10.1%37.8%17.2%1.6%11.3K-231.3K-5.3K0.1244.02N/AN/A94115,5283,014
2023-03-27$3.96$4.0038.9%11.2%57.9%9.7%38.9%10.7%4.5%11.5K-191.1K-5.3K0.0073.05N/AN/A3105,5973,025
2023-03-28$3.88$4.0035.4%10.1%58.0%7.3%35.4%21.9%14.8%11.1K-98.9K-5.0K1.4878.42N/AN/A751115,6163,025
2023-03-29$3.90$4.0033.5%9.6%57.3%6.0%33.5%28.1%8.5%6.7K426.8K-2.5K1.1051.86N/AN/A29325,6043,135
2023-03-30$3.85$4.0031.6%9.1%57.1%4.7%32.8%11.9%11.6%10.5K-72.3K-5.2K0.2133.18N/AN/A4395,6163,159
2023-03-31$3.90$4.0038.1%10.9%57.1%9.1%38.1%235.7%6.8%10.6K-70.4K-5.0K0.0041.61N/AN/A3705,6453,168