DSX Options History — August 2023

In August 2023, DSX traded between $3.55 and $3.96. ATM implied volatility averaged 25.8%, placing in the 2.0% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 9.5% (HV 20d: 35.3%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 2.04.

Notable Days

  • 2023-08-08: Highest Volume — 1,203 contracts
  • 2023-08-18: Largest IV spike — 56.4% change
  • 2023-08-18: Highest IV Rank — 4.8%
  • 2023-08-18: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.74$3.55$3.96$3.67$3.63
Max Pain$3.57$3.00$4.00$4.00$3.00
ATM IV25.8%18.0%36.2%28.7%32.3%
Expected Move7.6%5.8%10.4%8.2%9.2%
HV 20d35.3%20.5%38.5%35.4%20.5%
HV 60d37.8%34.9%39.6%39.6%34.9%
IV Rank2.0%0.0%4.8%2.6%3.7%
IV Percentile9.6%0.0%29.0%11.9%25.8%
Term Structure5.2%-12.2%23.4%-12.2%-2.5%
VWIV32.6%18.9%64.0%27.3%64.0%
Skew 25d62.7%-1.1%280.5%126.1%9.8%
Skew 10d81.5%-1.9%375.9%153.1%15.5%
Call IV 25d27.4%18.5%38.2%30.8%34.0%
Put IV 25d90.1%31.6%304.8%156.9%43.8%
Bid-Ask Spread %45.6719.6072.8228.1048.63
Gamma HHI0.760.640.940.830.70
Net GEX18.1K7.6K47.4K7.6K12.0K
Net DEX-73.8K-284.4K201.9K104.1K-153.2K
Net VEX-2.2K-2.6K-1.1K-1.1K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.040.0016.750.160.01
Total Volume245.13111,20325398
Total OI4,921.0433,9176,3303,9174,419

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$3.67$4.0028.7%8.2%35.4%2.6%27.3%126.1%-12.2%7.6K104.1K-1.1K0.1628.10N/AN/A219342,7511,166
2023-08-02$3.75$4.0029.4%8.4%36.2%2.8%31.0%134.9%-5.3%12.9K10.7K-1.3K0.0129.39N/AN/A7312,8561,180
2023-08-03$3.92$4.0018.0%9.4%38.5%0.0%32.8%168.9%2.7%32.5K-93.6K-1.4K0.0661.91N/AN/A11372,9161,181
2023-08-04$3.90$4.0027.8%7.9%35.7%2.6%30.9%175.9%6.4%30.3K-128.2K-1.6K1.9563.75N/AN/A2114123,0541,188
2023-08-07$3.96$4.0028.0%7.6%36.0%2.6%27.0%257.6%10.3%46.3K-227.6K-1.7K0.2355.49N/AN/A5641313,1551,600
2023-08-08$3.94$4.0028.7%8.5%35.8%2.8%0.0%65.6%8.1%47.4K-284.4K-2.2K5.2333.49N/AN/A1931,0103,6711,505
2023-08-09$3.88$4.0025.8%7.4%36.1%2.1%19.4%96.6%18.9%22.0K-148.6K-2.4K0.0019.60N/AN/A4003,7291,934
2023-08-10$3.90$4.0028.4%8.1%36.2%2.7%18.9%280.5%20.5%21.3K-205.5K-2.5K0.0855.05N/AN/A369313,7381,934
2023-08-11$3.79$4.0027.3%7.8%37.5%2.4%22.0%14.0%20.9%21.5K-26.7K-2.5K0.0332.89N/AN/A12443,7211,969
2023-08-14$3.70$4.0021.0%6.0%37.9%0.8%25.6%13.2%23.4%17.1K44.1K-2.4K4.8058.50N/AN/A552643,8311,961
2023-08-15$3.69$4.0021.1%6.0%37.9%0.8%0.0%12.1%23.0%9.9K201.9K-2.5K0.3936.83N/AN/A33133,8242,213
2023-08-16$3.75$4.0026.8%7.7%38.2%2.3%22.0%11.8%17.5%17.7K40.8K-2.6K0.0156.07N/AN/A35123,8432,224
2023-08-17$3.74$4.0023.1%6.6%38.1%1.3%36.4%9.0%0.0%14.4K154.7K-2.5K0.3825.06N/AN/A104404,0422,224
2023-08-18$3.75$3.0036.2%10.4%37.9%4.8%37.6%-1.1%-1.2%13.1K87.2K-2.6K16.7572.82N/AN/A244024,1052,225
2023-08-21$3.71$3.0020.3%5.8%38.1%0.6%45.6%11.2%-2.2%12.0K-109.0K-2.4K0.0158.31N/AN/A12512,8521,409
2023-08-22$3.73$3.0021.3%6.1%37.7%0.9%0.0%14.2%2.2%14.0K-140.3K-2.4K0.0446.05N/AN/A12052,9571,410
2023-08-23$3.71$3.0021.1%6.1%36.4%0.8%0.0%11.6%12.6%13.4K-163.3K-2.6K0.0356.53N/AN/A4013,0591,410
2023-08-24$3.63$3.0026.8%7.7%37.1%2.3%30.5%10.2%-4.0%10.9K-116.6K-2.4K8.0842.06N/AN/A262103,0961,411
2023-08-25$3.62$3.0022.0%6.3%35.2%1.0%0.0%5.8%-4.5%10.4K-149.5K-2.3K0.0020.79N/AN/A5103,1131,221
2023-08-28$3.55$3.0021.9%6.3%35.6%1.0%50.1%-0.8%-6.9%8.1K-105.6K-2.2K0.0256.38N/AN/A6313,1031,221
2023-08-29$3.58$3.0027.5%7.9%27.6%2.5%0.0%5.5%-7.1%9.9K-139.6K-2.2K0.8354.55N/AN/A653,1541,222
2023-08-30$3.62$3.0030.8%8.8%26.7%3.4%0.0%9.9%-7.1%11.8K-148.7K-2.2K7.8638.25N/AN/A7553,1601,227
2023-08-31$3.63$3.0032.3%9.2%20.5%3.7%64.0%9.8%-2.5%12.0K-153.2K-2.1K0.0148.63N/AN/A9713,1671,252