DSX Options History — December 2023

In December 2023, DSX traded between $2.88 and $3.46. ATM implied volatility averaged 39.1%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 3.7% (HV 20d: 42.8%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.44.

Notable Days

2023-12-18: Highest Volume — 1,164 contracts
2023-12-05: Largest IV spike — 48.5% change
2023-12-13: Highest IV Rank — 12.0%
2023-12-05: Largest Expected Move — 22.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.03	$2.88	$3.46	$3.45	$2.96
Max Pain	$3.15	$3.00	$4.00	$3.00	$3.00
ATM IV	39.1%	25.1%	63.7%	39.0%	34.3%
Expected Move	10.3%	7.2%	22.8%	11.2%	9.8%
HV 20d	42.8%	34.0%	49.4%	34.1%	40.6%
HV 60d	32.5%	26.2%	33.8%	26.4%	33.1%
IV Rank	5.5%	1.9%	12.0%	5.5%	4.3%
IV Percentile	50.3%	8.7%	96.8%	54.4%	43.7%
Term Structure	4.3%	-40.9%	29.7%	1.2%	-3.6%
VWIV	42.5%	26.6%	150.7%	150.7%	45.9%
Skew 25d	99.4%	7.3%	241.5%	7.3%	241.5%
Skew 10d	155.3%	3.7%	354.2%	3.7%	354.2%
Call IV 25d	38.2%	24.4%	58.6%	38.5%	42.5%
Put IV 25d	137.6%	33.0%	284.0%	45.7%	284.0%
Bid-Ask Spread %	106.70	85.94	125.21	85.94	108.59
Gamma HHI	0.84	0.49	1.00	0.69	0.88
Net GEX	6.1K	416	16.2K	5.9K	16.2K
Net DEX	-76.4K	-202.0K	124.8K	-178.5K	-142.5K
Net VEX	-872	-1.9K	-43	-1.3K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.44	0.00	10.18	1.84	0.46
Total Volume	312.9	0	1,164	247	35
Total OI	2,253.85	105	4,654	4,069	3,629

Daily Data (20 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
2023-12-01	$3.45	$3.00	39.0%	11.2%	34.1%	5.5%	150.7%	7.3%	1.2%	5.9K	-178.5K	-1.3K	1.84	85.94	N/A	N/A	87	160	3,138	931
2023-12-04	$3.46	$4.00	42.9%	10.0%	34.0%	6.5%	0.0%	8.6%	29.7%	7.1K	-187.7K	-1.4K	7.86	116.59	N/A	N/A	92	723	3,214	1,012
2023-12-05	$3.19	$4.00	63.7%	22.8%	44.8%	12.0%	0.0%	70.9%	16.5%	2.7K	-74.1K	-1.9K	0.00	125.21	N/A	N/A	0	0	3,279	1,375
2023-12-06	$3.02	$4.00	51.2%	9.4%	48.7%	8.7%	32.9%	59.4%	15.7%	1.5K	124.8K	-1.3K	0.00	123.25	N/A	N/A	105	0	3,264	1,375
2023-12-07	$2.92	$3.00	42.0%	9.4%	48.3%	6.3%	32.8%	66.2%	11.4%	1.1K	-15.2K	-43	0.77	105.15	N/A	N/A	88	68	105	0
2023-12-08	$2.96	$3.00	37.6%	9.7%	48.6%	5.1%	33.9%	67.7%	6.8%	1.6K	-16.5K	-100	0.46	106.24	N/A	N/A	69	32	187	67
2023-12-11	$2.88	$3.00	46.9%	10.8%	49.4%	7.6%	0.0%	72.2%	-1.6%	1.5K	-11.3K	-113	10.18	107.64	N/A	N/A	11	112	229	97
2023-12-12	$2.92	$3.00	56.4%	7.6%	49.4%	10.1%	0.0%	82.0%	19.1%	991	3.0K	-192	1.89	103.31	N/A	N/A	27	51	223	208
2023-12-13	$2.91	$3.00	63.7%	18.3%	48.5%	12.0%	48.4%	61.9%	-40.9%	668	9.5K	-211	0.39	117.94	N/A	N/A	33	13	240	259
2023-12-14	$2.96	$3.00	39.9%	11.4%	42.7%	5.7%	40.0%	173.5%	-2.7%	966	5.4K	-236	0.00	101.40	N/A	N/A	3	0	252	272
2023-12-15	$2.96	$3.00	26.4%	7.6%	41.0%	2.2%	26.6%	64.6%	6.3%	416	5.8K	-233	0.02	107.04	N/A	N/A	840	14	261	272
2023-12-18	$3.00	$3.00	38.7%	11.1%	40.2%	5.4%	38.7%	176.0%	-0.2%	8.6K	-122.8K	-568	0.84	99.56	N/A	N/A	634	530	1,071	283
2023-12-19	$2.99	$3.00	27.9%	8.0%	40.1%	2.6%	28.3%	193.9%	6.7%	6.4K	-68.3K	-997	1.99	105.38	N/A	N/A	327	650	1,472	813
2023-12-20	$2.96	$3.00	28.8%	8.3%	40.0%	2.8%	28.8%	202.1%	2.9%	7.4K	-48.8K	-1.1K	0.19	106.56	N/A	N/A	103	20	1,644	843
2023-12-21	$2.96	$3.00	25.6%	7.3%	40.1%	2.0%	0.0%	79.3%	10.2%	8.3K	-65.2K	-1.1K	0.00	102.32	N/A	N/A	205	0	1,705	863
2023-12-22	$3.04	$3.00	27.5%	7.9%	41.9%	2.5%	28.9%	28.2%	8.3%	9.3K	-165.3K	-1.2K	0.00	93.50	N/A	N/A	582	1	1,838	863
2023-12-26	$3.02	$3.00	32.3%	9.3%	41.6%	3.7%	32.3%	192.2%	-2.3%	14.8K	-179.4K	-1.3K	0.02	115.54	N/A	N/A	325	6	2,148	864
2023-12-27	$3.01	$3.00	32.3%	9.3%	41.6%	3.7%	38.1%	69.1%	-2.0%	12.7K	-198.0K	-1.4K	0.15	103.59	N/A	N/A	106	16	2,469	867
2023-12-28	$3.00	$3.00	25.1%	7.2%	41.1%	1.9%	31.2%	71.7%	4.4%	14.2K	-202.0K	-1.4K	0.20	99.23	N/A	N/A	158	32	2,562	883
2023-12-29	$2.96	$3.00	34.3%	9.8%	40.6%	4.3%	45.9%	241.5%	-3.6%	16.2K	-142.5K	-1.4K	0.46	108.59	N/A	N/A	24	11	2,715	914