DSX Options History — May 2025

In May 2025, DSX traded between $1.40 and $1.56. ATM implied volatility averaged 109.5%, placing in the 40.2% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 70.3% (HV 20d: 39.2%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.89.

Notable Days

  • 2025-05-29: Highest Volume — 643 contracts
  • 2025-05-09: Largest IV spike — 95.7% change
  • 2025-05-09: Highest IV Rank — 100.0%
  • 2025-05-07: Largest Expected Move — 46.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.48$1.40$1.56$1.46$1.54
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV109.5%47.5%258.9%117.6%68.2%
Expected Move26.9%13.6%46.2%33.7%19.5%
HV 20d39.2%29.8%61.2%61.2%47.9%
HV 60d43.4%42.2%46.7%42.9%46.7%
IV Rank40.2%10.4%100.0%51.3%19.2%
IV Percentile87.1%57.5%100.0%96.0%78.2%
Term Structure10.0%-73.7%145.4%-57.8%-7.8%
VWIV87.2%45.0%112.1%74.8%64.6%
Skew 25d24.8%-48.6%162.8%-48.6%10.4%
Skew 10d17.8%-73.2%161.3%-73.2%-15.7%
Call IV 25d100.5%47.6%179.5%177.9%134.3%
Put IV 25d125.3%85.6%210.3%129.3%144.6%
Bid-Ask Spread %33.429.5550.7749.4330.97
Gamma HHI0.840.570.920.630.92
Net GEX5.5K3.2K8.3K6.8K6.6K
Net DEX-165.8K-226.4K-92.8K-154.7K-174.4K
Net VEX-953-1.3K-525-1.1K-973
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.890.0050.000.000.04
Total Volume115.571164318135
Total OI11,58211,06412,48311,06412,483

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$1.46$1.00117.6%33.7%61.2%51.3%0.0%-48.6%-57.8%6.8K-154.7K-1.1K0.0049.43N/AN/A18010,533531
2025-05-02$1.48$1.00116.7%33.5%58.8%50.8%0.0%-41.2%-37.2%6.4K-137.0K-9320.0050.01N/AN/A12010,548531
2025-05-05$1.48$1.00131.7%45.7%43.9%58.5%0.0%162.8%-37.5%7.7K-190.5K-1.2K0.0045.74N/AN/A165010,550531
2025-05-06$1.44$1.00128.4%34.1%45.2%56.9%74.8%38.6%-73.7%3.5K-101.1K-5940.8547.09N/AN/A201710,714531
2025-05-07$1.42$1.00141.8%46.2%42.1%63.7%91.2%130.6%-28.3%3.4K-100.7K-59450.0049.59N/AN/A15010,715544
2025-05-08$1.40$1.00132.3%30.1%35.5%58.9%94.4%10.0%-15.6%3.5K-145.7K-8712.0050.77N/AN/A1210,716594
2025-05-09$1.40$1.00258.9%30.4%34.5%100.0%0.0%10.1%-26.7%3.5K-123.6K-8010.0045.81N/AN/A0510,718594
2025-05-12$1.42$1.00175.4%31.5%29.8%64.6%0.0%14.3%-43.6%3.2K-92.8K-5250.0050.13N/AN/A22010,718599
2025-05-13$1.52$1.00176.1%16.3%38.6%64.9%0.0%36.6%-21.4%6.2K-215.5K-1.2K0.0018.13N/AN/A253010,740599
2025-05-14$1.52$1.0057.7%16.5%38.6%14.7%107.0%29.5%14.3%6.8K-215.1K-1.3K0.0228.59N/AN/A43111,006599
2025-05-15$1.54$1.0059.6%17.1%36.9%15.5%0.0%38.0%145.4%7.2K-226.4K-1.3K0.0324.52N/AN/A151411,003600
2025-05-16$1.54$1.0060.4%17.3%31.7%15.9%103.0%35.2%134.4%7.8K-191.9K-1.2K0.0026.85N/AN/A337011,138602
2025-05-19$1.56$1.0056.8%16.3%29.9%14.3%66.1%36.8%80.2%8.3K-207.2K-1.2K1.9818.09N/AN/A5110111,400420
2025-05-20$1.54$1.0047.5%13.6%30.2%10.4%45.0%16.3%137.5%5.8K-186.8K-9770.009.55N/AN/A0111,404362
2025-05-21$1.54$1.0065.1%18.7%30.2%17.9%0.0%38.4%29.9%5.7K-174.8K-9000.0020.84N/AN/A1011,404363
2025-05-22$1.50$1.00104.2%29.9%31.6%34.4%0.0%14.2%-14.2%4.9K-150.3K-7960.0021.02N/AN/A21011,404363
2025-05-23$1.44$1.0090.5%26.0%34.9%28.6%0.0%-22.9%-15.4%4.5K-160.5K-8570.0121.64N/AN/A105111,413363
2025-05-27$1.48$1.00104.7%30.0%36.0%34.6%92.4%16.3%36.7%5.0K-179.0K-9370.0124.93N/AN/A106111,499364
2025-05-28$1.40$1.00107.6%30.9%41.2%35.9%109.2%26.8%49.2%4.2K-163.9K-9130.0119.28N/AN/A158111,604364
2025-05-29$1.46$1.0098.5%28.2%44.0%32.0%112.1%-30.2%-38.4%4.8K-189.7K-9290.0048.80N/AN/A642111,693365
2025-05-30$1.54$1.0068.2%19.5%47.9%19.2%64.6%10.4%-7.8%6.6K-174.4K-9730.0430.97N/AN/A130512,117366