DSX Options History — September 2025

In September 2025, DSX traded between $1.63 and $1.96. ATM implied volatility averaged 40.9%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 7.2% (HV 20d: 48.1%). 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 11 of 21 days. Put/call ratio averaged 0.02.

Notable Days

  • 2025-09-12: Highest Volume — 1,298 contracts
  • 2025-09-11: Largest IV spike — 75.5% change
  • 2025-09-04: Highest IV Rank — 19.7%
  • 2025-09-03: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.81$1.63$1.96$1.63$1.69
Max Pain$1.90$1.00$2.00$1.00$2.00
ATM IV40.9%22.6%69.4%63.7%48.5%
Expected Move10.7%6.5%18.8%18.3%13.9%
HV 20d48.1%28.5%57.7%29.2%57.7%
HV 60d41.1%36.1%44.0%36.2%42.9%
IV Rank7.7%0.0%19.7%17.3%11.0%
IV Percentile26.1%0.0%71.4%67.5%46.4%
Term Structure2.6%-23.4%25.0%-22.1%17.7%
VWIV77.2%25.7%290.6%40.2%43.6%
Skew 25d177.4%28.4%267.6%28.4%97.7%
Skew 10d184.4%45.1%288.2%45.1%141.9%
Call IV 25d51.2%28.9%101.1%73.9%70.9%
Put IV 25d228.6%97.9%317.9%102.3%168.7%
Bid-Ask Spread %75.5515.2493.3474.0344.12
Gamma HHI0.930.781.000.920.91
Net GEX23.6K6.0K65.4K6.5K12.0K
Net DEX-556.1K-866.1K-342.1K-342.1K-380.7K
Net VEX-1.8K-2.4K-681-681-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.220.000.00
Total Volume285.28601,298321,226
Total OI8,288.3336,58610,2748,4417,156

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$1.63$1.0063.7%18.3%29.2%17.3%0.0%28.4%-22.1%6.5K-342.1K-6810.0074.03N/AN/A3208,314127
2025-09-03$1.63$1.0065.6%18.8%29.0%18.1%0.0%29.2%-23.4%6.5K-395.4K-1.0K0.0073.08N/AN/A008,335127
2025-09-04$1.65$2.0069.4%11.8%28.9%19.7%0.0%219.3%-4.1%7.0K-382.8K-9060.0089.28N/AN/A7508,336127
2025-09-05$1.67$2.0062.8%10.5%28.5%16.9%40.2%219.7%-12.1%6.0K-441.9K-1.2K0.0386.87N/AN/A3418,317127
2025-09-08$1.79$2.0046.9%7.2%36.7%10.2%0.0%213.8%13.3%22.4K-525.8K-1.3K0.0093.23N/AN/A33908,314127
2025-09-09$1.96$2.0037.7%11.7%47.1%6.3%45.2%149.2%-11.5%55.2K-866.1K-1.8K0.0091.93N/AN/A41708,335127
2025-09-10$1.85$2.0022.6%6.5%53.1%0.0%0.0%223.8%25.0%31.1K-591.8K-1.5K0.0093.34N/AN/A12608,305128
2025-09-11$1.85$2.0039.6%11.4%53.1%7.2%35.2%167.9%-8.6%30.1K-603.0K-1.5K0.1292.58N/AN/A502608,313128
2025-09-12$1.94$2.0025.3%7.3%54.3%1.2%25.7%127.6%11.1%52.2K-776.4K-1.7K0.0074.01N/AN/A1,29808,630188
2025-09-15$1.95$2.0039.4%11.3%54.2%7.1%0.0%72.2%14.5%65.4K-804.5K-2.2K0.0092.74N/AN/A53619,394188
2025-09-16$1.88$2.0031.7%9.1%55.3%3.8%107.0%205.6%24.8%38.7K-677.9K-2.3K0.0091.14N/AN/A44519,825189
2025-09-17$1.91$2.0031.9%9.1%51.9%3.9%0.0%198.6%-0.3%49.3K-765.5K-2.4K0.0070.05N/AN/A7010,072190
2025-09-18$1.90$2.0030.1%8.6%52.1%3.2%0.0%193.0%4.7%16.0K-594.2K-2.2K0.0069.89N/AN/A140010,072190
2025-09-19$1.87$2.0026.7%7.7%52.5%1.7%30.0%238.5%8.4%13.7K-577.1K-2.2K0.0672.09N/AN/A123710,084190
2025-09-22$1.83$2.0033.5%9.6%53.5%4.6%0.0%248.1%-1.5%13.8K-502.6K-2.1K0.0070.91N/AN/A7806,423163
2025-09-23$1.87$2.0028.8%8.3%53.0%2.6%290.6%257.4%14.9%17.1K-516.4K-2.1K0.0072.95N/AN/A3006,435163
2025-09-24$1.87$2.0029.4%8.4%53.0%2.9%0.0%262.8%14.7%16.7K-522.5K-2.1K0.0072.15N/AN/A11006,461163
2025-09-25$1.79$2.0041.3%11.8%55.8%7.9%0.0%262.2%-13.4%12.2K-489.1K-2.1K0.0073.84N/AN/A806,570163
2025-09-26$1.77$2.0041.2%11.8%56.1%7.9%0.0%267.6%-14.7%12.1K-469.1K-2.0K0.0473.04N/AN/A11446,571163
2025-09-29$1.75$2.0042.9%12.3%56.3%8.6%43.6%42.8%16.7%11.6K-453.0K-2.0K0.2215.24N/AN/A227506,660165
2025-09-30$1.69$2.0048.5%13.9%57.7%11.0%0.0%97.7%17.7%12.0K-380.7K-1.9K0.0044.12N/AN/A1,22606,941215