DSX Options History — January 2025

In January 2025, DSX traded between $1.77 and $1.96. ATM implied volatility averaged 40.3%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 12.0% (HV 20d: 28.3%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.03.

Notable Days

  • 2025-01-28: Highest Volume — 1,004 contracts
  • 2025-01-15: Largest IV drop — 49.8% change
  • 2025-01-14: Highest IV Rank — 50.3%
  • 2025-01-10: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.84$1.77$1.96$1.96$1.83
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV40.3%22.9%78.3%22.9%36.5%
Expected Move9.8%6.0%13.8%6.6%10.5%
HV 20d28.3%25.0%29.9%26.6%25.0%
HV 60d42.6%41.1%43.2%42.1%41.1%
IV Rank20.4%6.7%50.3%6.7%17.4%
IV Percentile45.0%8.3%94.4%8.3%36.1%
Term Structure1.4%-19.6%23.7%23.7%20.4%
VWIV66.7%32.1%124.3%48.7%41.8%
Skew 25d33.2%-13.2%54.6%-10.7%54.6%
Skew 10d-10.0%-115.7%52.3%-109.7%-50.5%
Call IV 25d51.3%28.2%119.8%109.2%37.7%
Put IV 25d84.6%75.2%106.7%98.6%92.4%
Bid-Ask Spread %79.7845.6496.5845.6474.02
Gamma HHI0.570.500.720.500.52
Net GEX14.8K10.1K18.8K18.1K18.8K
Net DEX-256.4K-510.8K-134.2K-311.7K-510.8K
Net VEX-2.3K-3.3K-1.5K-2.8K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.410.410.05
Total Volume195.6511,00469590
Total OI17,893.816,39319,26816,39319,258

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$1.96$2.0022.9%6.6%26.6%6.7%0.0%-10.7%23.7%18.1K-311.7K-2.8K0.4145.64N/AN/A49420115,558835
2025-01-03$1.95$2.0031.8%9.1%26.4%13.6%0.0%-13.2%6.3%18.3K-266.0K-2.6K0.0047.08N/AN/A614016,0031,036
2025-01-06$1.88$2.0042.9%10.2%29.5%22.5%0.0%34.7%-1.0%16.4K-266.8K-2.8K0.0074.10N/AN/A86016,5881,036
2025-01-07$1.88$2.0045.0%7.6%28.0%24.1%0.0%28.3%16.0%17.4K-285.7K-2.9K0.0093.41N/AN/A54016,6661,035
2025-01-08$1.85$2.0045.4%6.0%27.9%24.3%0.0%50.6%19.8%14.8K-181.0K-2.3K0.0091.53N/AN/A35016,7091,035
2025-01-10$1.90$2.0047.2%13.8%29.3%25.8%48.7%31.0%0.9%17.7K-312.0K-2.9K0.0071.30N/AN/A18016,7441,035
2025-01-13$1.85$2.0067.8%9.5%29.3%42.1%32.1%49.2%-7.3%15.3K-165.8K-2.1K0.0096.13N/AN/A151016,7511,035
2025-01-14$1.85$2.0078.3%11.1%29.1%50.3%0.0%34.8%-18.2%17.4K-318.6K-2.8K0.0091.87N/AN/A38016,7001,034
2025-01-15$1.85$2.0039.3%11.3%29.1%19.6%0.0%34.5%-18.6%13.1K-157.8K-1.9K0.0092.87N/AN/A100016,7421,036
2025-01-16$1.83$2.0039.4%11.3%29.3%19.7%0.0%34.8%-19.6%11.6K-134.2K-1.7K0.0096.58N/AN/A126016,8421,036
2025-01-17$1.85$2.0040.4%11.6%29.6%20.4%0.0%34.5%-19.5%13.5K-213.7K-2.0K0.0093.84N/AN/A1016,9641,036
2025-01-21$1.81$2.0029.3%8.4%29.9%11.7%113.8%39.2%2.2%11.0K-171.5K-1.6K0.0292.01N/AN/A89216,584851
2025-01-22$1.79$2.0028.7%8.2%29.7%11.2%0.0%32.6%1.7%14.7K-349.2K-2.6K0.0691.92N/AN/A48316,684873
2025-01-23$1.77$2.0027.5%7.9%29.5%10.3%0.0%-3.1%1.2%10.1K-157.7K-1.5K0.0370.92N/AN/A232616,734876
2025-01-24$1.77$2.0035.8%10.2%27.4%16.8%39.5%37.9%1.0%10.9K-175.8K-1.6K0.0374.10N/AN/A3091016,937876
2025-01-27$1.77$2.0037.8%10.8%26.7%18.4%0.0%40.2%9.7%11.2K-217.7K-1.7K0.0074.92N/AN/A37017,253891
2025-01-28$1.81$2.0040.4%11.6%28.1%20.5%0.0%51.2%0.4%13.0K-263.9K-1.9K0.0174.91N/AN/A999517,277891
2025-01-29$1.83$2.0034.9%10.0%27.9%16.1%0.0%50.1%0.4%16.3K-318.6K-2.2K0.0374.91N/AN/A110318,271896
2025-01-30$1.83$2.0035.7%10.2%27.8%16.7%124.3%53.6%9.6%17.0K-348.4K-2.4K0.0073.50N/AN/A52018,375893
2025-01-31$1.83$2.0036.5%10.5%25.0%17.4%41.8%54.6%20.4%18.8K-510.8K-3.3K0.0574.02N/AN/A86418,365893