DSX Options History — March 2025

In March 2025, DSX traded between $1.58 and $1.83. ATM implied volatility averaged 46.8%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 15.6% (HV 20d: 31.2%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2025-03-10: Highest Volume — 1,406 contracts
  • 2025-03-19: Largest IV spike — 20.7% change
  • 2025-03-31: Highest IV Rank — 42.9%
  • 2025-03-26: Largest Expected Move — 32.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.75$1.58$1.83$1.79$1.58
Max Pain$1.84$1.00$2.00$2.00$2.00
ATM IV46.8%34.6%69.6%53.5%69.6%
Expected Move16.2%9.9%32.1%15.3%12.2%
HV 20d31.2%24.8%36.2%36.0%24.8%
HV 60d28.8%28.0%29.4%29.1%28.8%
IV Rank25.5%15.9%42.9%30.7%42.9%
IV Percentile63.4%28.2%92.5%82.1%92.5%
Term Structure16.4%-24.6%129.8%-3.7%-24.6%
VWIV94.1%40.7%210.1%67.9%159.5%
Skew 25d64.2%-147.0%160.3%59.4%-147.0%
Skew 10d44.5%-191.0%159.2%-33.7%-191.0%
Call IV 25d60.3%25.0%302.8%45.0%302.8%
Put IV 25d124.5%81.0%201.9%104.4%155.8%
Bid-Ask Spread %82.4819.98125.0580.97116.99
Gamma HHI0.880.570.990.990.90
Net GEX17.3K7.1K31.7K23.1K7.1K
Net DEX-343.2K-474.6K-143.6K-430.5K-143.6K
Net VEX-2.0K-2.4K-1.1K-2.3K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.006.676.070.01
Total Volume192.28611,406304314
Total OI19,21310,95422,62422,38011,402

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$1.79$2.0053.5%15.3%36.0%30.7%67.9%59.4%-3.7%23.1K-430.5K-2.3K6.0780.97N/AN/A4326121,618762
2025-03-04$1.77$2.0045.1%12.9%36.0%24.2%0.0%40.0%-5.0%21.5K-390.0K-2.2K0.0066.02N/AN/A1021,660753
2025-03-05$1.79$2.0047.9%13.7%36.2%26.3%0.0%99.5%-2.6%24.5K-394.1K-2.2K0.0096.15N/AN/A147021,661753
2025-03-06$1.79$2.0049.4%14.2%36.0%27.6%0.0%107.7%-2.3%25.7K-433.1K-2.3K0.0663.65N/AN/A63421,795753
2025-03-07$1.79$2.0051.1%14.7%35.8%28.9%0.0%150.8%10.5%24.8K-444.9K-2.4K0.0064.65N/AN/A40021,804753
2025-03-10$1.77$2.0055.8%16.0%35.0%32.6%0.0%84.5%3.4%22.0K-400.3K-2.1K0.0061.30N/AN/A1,406021,837753
2025-03-11$1.75$2.0054.2%19.7%34.7%31.3%210.1%129.3%10.2%20.3K-451.9K-2.4K0.0063.40N/AN/A113021,843753
2025-03-12$1.77$2.0043.8%21.4%35.0%23.1%92.8%160.3%8.2%23.8K-474.6K-2.4K0.0162.95N/AN/A823621,871753
2025-03-13$1.77$2.0038.1%19.0%32.6%18.7%0.0%56.5%-4.1%22.6K-416.8K-2.2K0.0863.80N/AN/A1901621,687706
2025-03-14$1.83$2.0034.6%18.0%35.2%15.9%0.0%67.6%17.0%31.7K-456.9K-2.3K0.0081.11N/AN/A0421,642722
2025-03-17$1.81$1.0035.6%12.6%31.0%16.7%0.0%64.8%17.5%13.4K-349.5K-2.1K0.0036.38N/AN/A03521,642720
2025-03-18$1.79$1.0035.4%11.4%27.7%16.5%45.3%59.6%16.0%12.0K-308.4K-1.9K0.0919.98N/AN/A56521,632752
2025-03-19$1.80$1.0042.8%11.4%26.4%22.3%40.7%71.0%14.3%12.5K-322.5K-2.0K2.4027.97N/AN/A51221,682755
2025-03-20$1.79$0.0036.7%10.1%26.2%17.5%0.0%41.9%0.3%12.8K-304.1K-1.9K0.04117.28N/AN/A24121,682758
2025-03-21$1.73$0.0041.5%12.6%28.7%21.3%0.0%53.3%8.7%10.8K-224.4K-1.6K0.67117.04N/AN/A6421,665757
2025-03-24$1.73$2.0043.9%10.0%28.5%23.2%0.0%59.8%-12.8%11.6K-246.1K-1.5K0.09118.66N/AN/A11110,500454
2025-03-25$1.71$2.0043.5%9.9%27.2%22.9%42.2%54.3%-14.0%10.2K-227.8K-1.4K0.2599.66N/AN/A12310,501455
2025-03-26$1.70$2.0052.2%32.1%26.7%29.7%0.0%59.6%129.8%11.1K-283.8K-1.8K0.00125.05N/AN/A11010,512458
2025-03-27$1.65$2.0049.7%29.4%27.8%27.7%159.5%24.9%110.7%9.4K-173.1K-1.2K0.00124.60N/AN/A306010,522458
2025-03-28$1.63$2.0058.8%23.3%27.8%34.3%0.0%49.9%67.8%12.0K-330.2K-2.1K6.67124.53N/AN/A1510010,829458
2025-03-31$1.58$2.0069.6%12.2%24.8%42.9%0.0%-147.0%-24.6%7.1K-143.6K-1.1K0.01116.99N/AN/A311310,844558