DSX Options History — July 2025

In July 2025, DSX traded between $1.47 and $1.67. ATM implied volatility averaged 96.2%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded above realized volatility by 55.9% (HV 20d: 40.4%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.05.

Notable Days

  • 2025-07-07: Highest Volume — 1,152 contracts
  • 2025-07-21: Largest IV spike — 155.7% change
  • 2025-07-09: Highest IV Rank — 68.8%
  • 2025-07-09: Largest Expected Move — 53.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.57$1.47$1.67$1.47$1.50
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV96.2%47.4%185.3%108.2%125.3%
Expected Move26.8%13.6%53.1%31.0%35.9%
HV 20d40.4%34.8%45.2%39.8%39.5%
HV 60d42.8%41.1%49.9%49.9%43.6%
IV Rank31.1%10.4%68.8%36.1%43.4%
IV Percentile79.2%44.4%98.4%90.5%92.5%
Term Structure-22.5%-116.2%19.5%-24.3%-47.9%
VWIV108.1%71.2%158.3%74.9%158.3%
Skew 25d48.1%-247.5%170.0%-194.9%9.9%
Skew 10d35.3%-320.6%210.2%-250.2%0.5%
Call IV 25d93.8%40.7%381.0%318.6%45.3%
Put IV 25d141.9%55.1%223.6%123.7%55.1%
Bid-Ask Spread %93.6447.34128.1075.5247.34
Gamma HHI0.850.760.930.910.79
Net GEX11.0K6.6K14.3K6.6K9.6K
Net DEX-418.3K-525.9K-156.9K-156.9K-432.9K
Net VEX-1.6K-2.1K-953-953-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.500.250.00
Total Volume151.90901,15257
Total OI7,819.3185,7908,3555,7908,258

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$1.47$1.00108.2%31.0%39.8%36.1%0.0%-194.9%-24.3%6.6K-156.9K-9530.2575.52N/AN/A415,646144
2025-07-02$1.50$1.00103.6%29.7%40.0%34.2%74.9%-247.5%19.5%7.3K-176.1K-9980.1673.40N/AN/A122205,648144
2025-07-03$1.52$1.0090.4%22.9%40.4%28.6%71.2%125.8%-28.3%7.8K-224.1K-1.4K0.00120.43N/AN/A1,00105,760159
2025-07-07$1.50$1.00146.3%39.8%40.4%52.3%0.0%45.8%-69.6%8.4K-244.7K-1.5K0.00128.10N/AN/A1,15206,751159
2025-07-08$1.52$1.00110.9%20.5%40.6%37.3%0.0%146.0%-17.6%9.6K-382.2K-1.7K0.00123.78N/AN/A35407,624159
2025-07-09$1.50$1.00185.3%53.1%40.8%68.8%113.7%143.9%-17.8%9.0K-482.1K-2.0K0.00123.72N/AN/A407,978159
2025-07-10$1.58$1.0054.6%15.7%44.8%13.4%0.0%158.3%-12.7%10.8K-522.8K-2.1K0.00114.47N/AN/A007,982150
2025-07-11$1.62$1.0050.6%14.5%44.8%11.7%0.0%160.3%-1.8%12.6K-488.8K-1.8K0.00117.38N/AN/A3507,982150
2025-07-14$1.65$1.0047.4%13.6%45.2%10.4%110.6%170.0%-2.4%13.7K-502.2K-1.8K0.0096.75N/AN/A2908,007150
2025-07-15$1.60$1.0067.8%19.4%43.8%19.0%0.0%159.2%-19.5%12.0K-456.6K-1.7K0.0396.54N/AN/A3518,000150
2025-07-16$1.58$1.00116.4%33.4%43.2%39.6%0.0%55.0%-4.3%11.5K-457.7K-1.7K0.0084.74N/AN/A1408,027151
2025-07-17$1.63$1.00104.6%30.0%43.8%34.6%0.0%58.2%-14.7%13.0K-487.0K-1.7K0.0190.90N/AN/A20218,027151
2025-07-18$1.60$1.0062.9%18.0%44.3%16.9%0.0%25.5%-4.9%12.7K-445.9K-1.5K0.0085.78N/AN/A308,203152
2025-07-21$1.58$1.00160.7%46.1%37.1%58.4%103.9%71.2%-18.7%11.1K-411.6K-1.6K0.5082.98N/AN/A218,133144
2025-07-22$1.60$1.0083.5%23.9%36.2%25.6%124.2%42.8%-18.8%12.2K-441.8K-1.7K0.0083.62N/AN/A3508,134145
2025-07-23$1.65$1.0079.2%22.7%37.6%23.9%0.0%50.4%-18.0%13.6K-525.9K-1.9K0.0073.91N/AN/A17708,157145
2025-07-24$1.67$1.00104.8%30.0%37.5%34.7%0.0%68.5%-18.0%14.3K-502.7K-1.7K0.0082.59N/AN/A3408,119145
2025-07-25$1.63$1.0065.6%18.8%37.4%18.1%0.0%30.8%-8.8%12.6K-485.0K-1.8K0.0086.99N/AN/A3208,145145
2025-07-28$1.62$1.0070.1%20.1%36.0%20.0%0.0%25.9%-24.1%12.1K-431.3K-1.3K0.0089.67N/AN/A708,129145
2025-07-29$1.60$1.0059.5%17.1%34.8%15.5%0.0%21.0%-26.4%12.0K-428.2K-1.6K0.0082.65N/AN/A3108,086145
2025-07-30$1.52$1.00119.4%34.2%39.8%40.9%158.3%-67.8%-116.2%9.1K-516.4K-2.0K0.1598.88N/AN/A3358,092145
2025-07-31$1.50$1.00125.3%35.9%39.5%43.4%0.0%9.9%-47.9%9.6K-432.9K-1.8K0.0047.34N/AN/A708,113145