DSX Options History — February 2025

In February 2025, DSX traded between $1.81 and $1.94. ATM implied volatility averaged 38.8%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 12.2% (HV 20d: 26.6%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.11.

Notable Days

2025-02-12: Highest Volume — 1,456 contracts
2025-02-13: Largest IV spike — 182.2% change
2025-02-13: Highest IV Rank — 54.7%
2025-02-13: Largest Expected Move — 24.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.86	$1.81	$1.94	$1.81	$1.88
Max Pain	$2.00	$2.00	$2.00	$2.00	$2.00
ATM IV	38.8%	29.1%	83.9%	38.3%	38.0%
Expected Move	12.0%	8.4%	24.0%	11.0%	10.9%
HV 20d	26.6%	18.4%	32.0%	24.2%	31.2%
HV 60d	39.7%	30.9%	43.4%	41.0%	30.9%
IV Rank	19.2%	11.6%	54.7%	18.8%	18.6%
IV Percentile	40.6%	19.8%	96.0%	40.1%	41.3%
Term Structure	3.4%	-26.9%	38.7%	20.3%	0.2%
VWIV	71.1%	26.2%	131.9%	58.2%	49.8%
Skew 25d	61.2%	-29.9%	305.1%	50.0%	52.2%
Skew 10d	10.5%	-90.5%	266.3%	-45.6%	-46.4%
Call IV 25d	49.7%	27.0%	97.6%	48.6%	42.0%
Put IV 25d	110.9%	63.6%	341.5%	98.6%	94.1%
Bid-Ask Spread %	69.94	39.38	84.24	73.90	81.68
Gamma HHI	0.80	0.60	0.94	0.64	0.89
Net GEX	24.9K	15.3K	36.9K	15.3K	35.0K
Net DEX	-462.9K	-585.1K	-334.4K	-343.2K	-585.1K
Net VEX	-2.5K	-3.2K	-2.0K	-2.2K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	1.25	0.01	1.25
Total Volume	249.105	7	1,456	139	9
Total OI	21,184.895	19,346	22,754	19,346	22,381

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
2025-02-03	$1.81	$2.00	38.3%	11.0%	24.2%	18.8%	0.0%	50.0%	20.3%	15.3K	-343.2K	-2.2K	0.01	73.90	N/A	N/A	138	1	18,449	897
2025-02-04	$1.81	$2.00	29.1%	8.4%	24.3%	11.6%	0.0%	40.0%	19.9%	15.9K	-366.7K	-2.4K	0.00	74.02	N/A	N/A	247	1	18,548	898
2025-02-05	$1.83	$2.00	32.6%	9.3%	21.5%	14.3%	0.0%	51.6%	19.4%	16.5K	-356.5K	-2.2K	0.01	73.50	N/A	N/A	224	2	18,743	898
2025-02-06	$1.81	$2.00	31.0%	13.6%	21.7%	13.0%	58.2%	4.9%	-16.1%	15.8K	-334.4K	-2.0K	0.00	64.03	N/A	N/A	294	0	18,959	901
2025-02-07	$1.85	$2.00	36.4%	16.0%	22.6%	17.3%	0.0%	13.9%	-10.5%	19.6K	-403.4K	-2.3K	0.00	39.38	N/A	N/A	55	0	19,223	901
2025-02-10	$1.87	$2.00	42.4%	17.0%	20.7%	22.0%	72.9%	1.7%	-26.9%	19.3K	-476.5K	-2.4K	0.00	60.30	N/A	N/A	148	0	19,242	901
2025-02-11	$1.88	$2.00	45.0%	14.1%	18.4%	24.1%	50.7%	17.4%	-12.9%	20.5K	-423.8K	-2.1K	0.00	62.97	N/A	N/A	122	0	19,327	901
2025-02-12	$1.94	$2.00	29.7%	8.5%	21.4%	12.0%	26.2%	-29.9%	15.9%	30.9K	-512.3K	-2.4K	0.00	63.39	N/A	N/A	1,455	1	19,447	901
2025-02-13	$1.92	$2.00	83.9%	24.0%	21.8%	54.7%	0.0%	24.1%	-26.4%	24.6K	-584.6K	-2.8K	0.17	57.04	N/A	N/A	6	1	20,764	902
2025-02-14	$1.83	$2.00	33.9%	9.7%	27.9%	15.3%	101.6%	47.1%	17.8%	23.8K	-445.5K	-2.6K	0.11	64.99	N/A	N/A	351	40	20,761	902
2025-02-18	$1.90	$2.00	37.7%	10.8%	30.7%	18.3%	36.2%	113.5%	10.8%	30.5K	-525.7K	-2.8K	0.00	81.43	N/A	N/A	245	0	20,792	942
2025-02-19	$1.85	$2.00	37.1%	10.6%	31.2%	17.9%	0.0%	187.2%	20.6%	25.0K	-445.2K	-2.7K	0.00	83.00	N/A	N/A	763	2	20,835	942
2025-02-20	$1.83	$2.00	37.2%	10.7%	31.2%	17.9%	98.9%	51.6%	1.5%	26.9K	-423.2K	-2.7K	0.06	66.50	N/A	N/A	199	12	21,616	942
2025-02-21	$1.83	$2.00	31.4%	9.0%	30.9%	13.3%	0.0%	305.1%	38.7%	29.9K	-505.4K	-3.2K	0.00	84.24	N/A	N/A	57	0	21,800	954
2025-02-24	$1.81	$2.00	46.1%	13.2%	31.2%	25.0%	62.1%	56.5%	0.1%	24.6K	-470.9K	-2.6K	0.24	80.63	N/A	N/A	90	22	21,338	740
2025-02-25	$1.85	$2.00	41.5%	11.9%	32.0%	21.3%	0.0%	56.8%	-9.2%	28.5K	-521.8K	-2.7K	0.00	80.16	N/A	N/A	45	0	21,428	760
2025-02-26	$1.87	$2.00	36.1%	10.4%	31.3%	17.1%	93.1%	60.7%	0.6%	33.8K	-540.3K	-2.8K	0.03	66.82	N/A	N/A	190	6	21,440	760
2025-02-27	$1.88	$2.00	30.2%	8.7%	31.2%	12.4%	131.9%	59.0%	0.5%	36.9K	-530.0K	-2.7K	0.17	70.98	N/A	N/A	6	1	21,619	759
2025-02-28	$1.88	$2.00	38.0%	10.9%	31.2%	18.6%	49.8%	52.2%	0.2%	35.0K	-585.1K	-2.8K	1.25	81.68	N/A	N/A	4	5	21,621	760