DSX Options History — November 2025

In November 2025, DSX traded between $1.62 and $1.96. ATM implied volatility averaged 118.7%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 32.3%. IV traded above realized volatility by 76.5% (HV 20d: 42.2%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.16.

Notable Days

2025-11-28: Highest Volume — 1,603 contracts
2025-11-26: Largest IV spike — 94.7% change
2025-11-19: Highest IV Rank — 56.2%
2025-11-19: Largest Expected Move — 51.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.75	$1.62	$1.96	$1.71	$1.96
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	118.7%	49.9%	179.9%	75.1%	131.5%
Expected Move	32.3%	14.3%	51.6%	21.5%	37.7%
HV 20d	42.2%	38.2%	51.0%	41.2%	51.0%
HV 60d	46.7%	44.4%	50.6%	44.4%	50.6%
IV Rank	34.3%	9.8%	56.2%	18.8%	38.9%
IV Percentile	82.9%	40.5%	96.4%	69.4%	90.1%
Term Structure	13.4%	-29.6%	128.1%	24.2%	-13.9%
VWIV	103.8%	49.9%	338.3%	86.7%	63.8%
Skew 25d	91.9%	2.9%	216.2%	59.0%	89.2%
Skew 10d	88.6%	25.3%	236.7%	36.4%	63.6%
Call IV 25d	72.5%	38.9%	127.9%	52.8%	69.1%
Put IV 25d	164.4%	111.8%	255.1%	111.8%	158.3%
Bid-Ask Spread %	92.94	76.12	113.25	104.14	80.88
Gamma HHI	0.86	0.76	0.89	0.87	0.86
Net GEX	18.0K	12.5K	28.4K	18.0K	28.4K
Net DEX	-581.0K	-882.3K	-341.2K	-553.5K	-882.3K
Net VEX	-2.2K	-2.6K	-1.4K	-2.3K	-2.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	2.67	0.08	0.00
Total Volume	159.263	1	1,603	114	1,603
Total OI	10,922.053	10,195	11,497	10,649	10,403

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
2025-11-03	$1.71	$1.00	75.1%	21.5%	41.2%	18.8%	0.0%	59.0%	24.2%	18.0K	-553.5K	-2.3K	0.08	104.14	N/A	N/A	106	8	10,534	115
2025-11-04	$1.65	$1.00	118.8%	34.1%	41.3%	34.4%	0.0%	70.3%	25.9%	15.7K	-549.6K	-2.4K	0.00	93.86	N/A	N/A	104	0	10,579	123
2025-11-05	$1.67	$1.00	122.9%	35.2%	41.4%	35.8%	0.0%	72.9%	27.0%	15.9K	-560.6K	-2.3K	0.00	101.30	N/A	N/A	36	0	10,641	123
2025-11-06	$1.62	$1.00	125.6%	28.5%	42.3%	36.8%	86.7%	120.2%	-21.0%	12.8K	-510.4K	-2.2K	0.00	101.11	N/A	N/A	143	0	10,662	123
2025-11-07	$1.69	$1.00	131.9%	36.6%	41.0%	39.0%	77.0%	151.9%	-14.9%	16.9K	-581.1K	-2.4K	0.00	113.25	N/A	N/A	10	0	10,787	123
2025-11-10	$1.81	$1.00	150.7%	34.9%	46.6%	45.7%	61.3%	86.7%	1.6%	22.0K	-660.5K	-2.4K	0.00	86.07	N/A	N/A	120	0	10,797	123
2025-11-11	$1.79	$1.00	157.7%	28.8%	46.9%	48.2%	65.4%	154.7%	-14.0%	21.7K	-661.0K	-2.4K	0.01	93.59	N/A	N/A	296	2	10,837	123
2025-11-12	$1.77	$1.00	102.5%	29.4%	47.2%	28.5%	69.4%	87.7%	-9.1%	20.0K	-623.6K	-2.3K	0.00	99.73	N/A	N/A	9	0	11,035	127
2025-11-13	$1.77	$1.00	115.9%	33.2%	42.4%	33.3%	70.3%	97.8%	-9.3%	20.0K	-632.1K	-2.3K	0.00	103.70	N/A	N/A	1	0	11,034	127
2025-11-14	$1.77	$1.00	105.4%	30.2%	40.3%	29.6%	71.4%	64.3%	-10.2%	20.2K	-626.9K	-2.3K	0.00	78.43	N/A	N/A	166	0	11,034	127
2025-11-17	$1.77	$1.00	110.2%	31.6%	40.0%	31.3%	74.8%	67.2%	-11.9%	17.4K	-552.1K	-2.2K	0.00	77.62	N/A	N/A	9	0	11,200	127
2025-11-18	$1.75	$1.00	112.7%	32.3%	39.1%	32.2%	79.5%	63.5%	-15.9%	16.5K	-536.1K	-2.1K	0.00	81.41	N/A	N/A	15	0	11,209	127
2025-11-19	$1.73	$1.00	179.9%	51.6%	39.4%	56.2%	84.4%	106.4%	-14.2%	15.6K	-548.1K	-2.1K	0.00	98.91	N/A	N/A	53	0	11,223	127
2025-11-20	$1.69	$1.00	176.8%	50.7%	38.4%	55.0%	338.3%	90.8%	0.0%	14.7K	-506.6K	-2.0K	2.67	99.56	N/A	N/A	3	8	11,369	127
2025-11-21	$1.69	$1.00	93.3%	26.7%	38.2%	25.3%	265.5%	92.1%	128.1%	14.6K	-540.8K	-2.1K	0.00	93.00	N/A	N/A	36	0	11,370	127
2025-11-24	$1.77	$1.00	49.9%	14.3%	41.3%	9.8%	49.9%	2.9%	70.5%	12.5K	-341.2K	-1.4K	0.00	100.97	N/A	N/A	202	0	10,070	125
2025-11-25	$1.74	$1.00	65.8%	18.9%	41.1%	15.4%	0.0%	216.2%	128.1%	17.9K	-569.4K	-2.2K	0.25	82.18	N/A	N/A	4	1	10,245	125
2025-11-26	$1.81	$1.00	128.2%	36.7%	43.1%	37.7%	99.4%	53.1%	-29.6%	20.6K	-603.9K	-2.2K	0.02	76.12	N/A	N/A	89	2	10,245	126
2025-11-28	$1.96	$1.00	131.5%	37.7%	51.0%	38.9%	63.8%	89.2%	-13.9%	28.4K	-882.3K	-2.6K	0.00	80.88	N/A	N/A	1,601	2	10,275	128