DSX Options History — December 2025

In December 2025, DSX traded between $1.65 and $2.00. ATM implied volatility averaged 90.8%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 25.9%. IV traded above realized volatility by 42.5% (HV 20d: 48.3%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.10.

Notable Days

  • 2025-12-31: Highest Volume — 627 contracts
  • 2025-12-24: Largest IV spike — 58.2% change
  • 2025-12-01: Highest IV Rank — 38.4%
  • 2025-12-01: Largest Expected Move — 37.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.79$1.65$2.00$1.92$1.65
Max Pain$1.23$1.00$2.00$1.00$1.00
ATM IV90.8%54.4%130.1%130.1%122.4%
Expected Move25.9%11.9%37.3%37.3%35.1%
HV 20d48.3%33.8%54.2%51.8%35.4%
HV 60d45.2%43.4%50.8%50.8%43.4%
IV Rank24.4%11.4%38.4%38.4%35.6%
IV Percentile68.8%43.7%89.7%89.7%86.1%
Term Structure25.3%-25.0%119.4%3.0%-25.0%
VWIV93.0%46.5%232.7%64.9%120.3%
Skew 25d51.9%-152.4%176.1%84.7%79.5%
Skew 10d28.4%-282.2%257.4%60.8%31.8%
Call IV 25d81.3%42.7%267.0%72.5%61.3%
Put IV 25d133.2%94.8%231.1%157.2%140.8%
Bid-Ask Spread %91.8369.62113.1675.5788.13
Gamma HHI0.800.680.920.880.72
Net GEX19.1K8.4K45.2K30.3K8.4K
Net DEX-624.9K-1.1M-278.3K-938.2K-386.3K
Net VEX-2.2K-3.0K-1.5K-3.0K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.100.001.000.000.00
Total Volume124.2731627131627
Total OI10,313.3187,04111,91611,5537,588

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$1.92$1.00130.1%37.3%51.8%38.4%64.9%84.7%3.0%30.3K-938.2K-3.0K0.0075.57N/AN/A131011,425128
2025-12-02$1.88$1.0058.2%16.7%52.3%12.7%46.5%51.6%29.2%30.3K-855.4K-2.9K0.0076.38N/AN/A1011,533128
2025-12-03$2.00$1.0075.8%21.7%53.8%19.0%56.9%58.1%7.9%45.2K-1.1M-3.0K0.0670.75N/AN/A159911,534128
2025-12-04$1.98$2.0054.4%24.4%54.2%11.4%66.1%176.1%8.2%39.2K-992.4K-3.0K0.00106.00N/AN/A335111,351134
2025-12-05$1.94$2.0069.2%16.0%53.4%16.6%55.5%148.9%5.1%34.2K-895.4K-2.9K0.3887.37N/AN/A1315011,368135
2025-12-08$1.90$2.0072.7%11.9%52.8%17.9%0.0%173.7%34.3%31.6K-831.0K-2.7K0.00104.90N/AN/A57011,473185
2025-12-09$1.90$2.0065.9%18.7%47.4%15.5%0.0%52.1%42.5%36.0K-843.8K-2.8K0.1595.53N/AN/A26411,514130
2025-12-10$1.85$2.0098.9%28.4%48.3%27.3%232.7%53.9%16.9%22.3K-791.1K-2.5K0.00113.16N/AN/A304011,534134
2025-12-11$1.81$1.0089.5%25.7%48.8%23.9%0.0%59.1%40.0%20.4K-827.3K-2.6K0.0094.14N/AN/A7011,735134
2025-12-12$1.75$1.0090.7%26.0%50.3%24.3%0.0%-152.4%42.2%18.9K-780.9K-2.5K0.0094.45N/AN/A34011,736134
2025-12-15$1.77$1.0094.8%27.2%50.5%25.8%47.3%57.3%34.7%9.5K-494.2K-2.0K0.0091.96N/AN/A23011,768126
2025-12-16$1.75$1.0089.4%25.6%50.7%23.9%0.0%63.6%46.4%9.1K-501.7K-2.0K0.00103.32N/AN/A22011,775126
2025-12-17$1.73$1.0097.8%28.0%50.7%26.9%0.0%51.9%26.0%10.0K-535.7K-2.1K1.0095.71N/AN/A2211,779128
2025-12-18$1.73$1.0099.5%28.5%50.5%27.5%0.0%52.9%0.0%10.2K-505.0K-2.0K0.3394.59N/AN/A9311,781130
2025-12-19$1.69$1.0093.4%26.8%50.5%25.3%0.0%-96.0%117.9%8.8K-445.1K-1.9K0.1795.01N/AN/A591011,784132
2025-12-22$1.73$1.0092.3%26.4%51.2%24.9%146.6%66.6%-3.6%10.7K-278.3K-1.5K0.1689.46N/AN/A86146,933108
2025-12-23$1.71$1.0065.1%18.7%48.5%15.2%0.0%53.7%5.0%9.0K-337.1K-1.7K0.0089.00N/AN/A1207,017122
2025-12-24$1.71$1.00103.0%29.5%48.1%28.7%0.0%68.2%119.4%8.9K-366.4K-1.8K0.0094.27N/AN/A1807,026122
2025-12-26$1.69$1.00107.8%30.9%45.8%30.4%0.0%-115.5%22.2%9.2K-367.7K-1.8K0.0095.43N/AN/A20307,044122
2025-12-29$1.69$1.00107.8%30.9%33.8%30.4%120.3%75.3%-20.6%8.5K-350.0K-1.7K0.0069.62N/AN/A14007,197122
2025-12-30$1.71$1.00120.0%34.4%34.1%34.8%0.0%78.8%-20.8%9.5K-351.3K-1.6K0.0095.51N/AN/A25507,268122
2025-12-31$1.65$1.00122.4%35.1%35.4%35.6%0.0%79.5%-25.0%8.4K-386.3K-1.8K0.0088.13N/AN/A62707,466122