DSX Options History — January 2026

In January 2026, DSX traded between $1.71 and $2.33. ATM implied volatility averaged 74.8%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 31.9% (HV 20d: 42.9%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.03.

Notable Days

  • 2026-01-28: Highest Volume — 1,736 contracts
  • 2026-01-07: Largest IV spike — 127.6% change
  • 2026-01-07: Highest IV Rank — 51.3%
  • 2026-01-02: Largest Expected Move — 37.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.02$1.71$2.33$1.71$2.33
Max Pain$1.95$1.00$2.00$1.00$2.00
ATM IV74.8%34.5%166.2%132.2%64.8%
Expected Move17.2%9.9%37.9%37.9%18.6%
HV 20d42.9%29.4%51.5%29.4%47.4%
HV 60d45.3%42.4%47.5%43.5%47.4%
IV Rank18.6%4.2%51.3%39.1%15.1%
IV Percentile44.3%7.5%94.0%90.9%44.4%
Term Structure18.7%-33.9%55.8%-24.9%-33.9%
VWIV40.7%23.8%56.7%38.9%51.1%
Skew 25d59.8%-79.6%174.3%87.5%9.0%
Skew 10d107.5%-12.4%242.1%38.6%96.8%
Call IV 25d78.2%46.1%144.0%72.5%56.3%
Put IV 25d138.0%34.8%257.4%160.0%65.3%
Bid-Ask Spread %115.1878.37136.5693.49119.40
Gamma HHI0.740.580.830.810.58
Net GEX22.5K11.7K34.8K11.7K24.0K
Net DEX-957.0K-1.5M-413.4K-413.4K-1.4M
Net VEX-3.0K-3.5K-2.0K-2.0K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.450.000.00
Total Volume426.1531,73616923
Total OI10,156.38,09011,1708,09010,134

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$1.71$1.00132.2%37.9%29.4%39.1%0.0%87.5%-24.9%11.7K-413.4K-2.0K0.0093.49N/AN/A1607,99397
2026-01-05$1.73$2.00149.4%21.0%30.1%45.3%0.0%139.8%44.4%12.3K-427.9K-2.0K0.00136.56N/AN/A73728,03097
2026-01-06$1.81$2.0073.0%21.4%34.8%18.0%0.0%134.5%42.3%16.8K-629.9K-2.4K0.01133.23N/AN/A69368,72597
2026-01-07$1.79$2.00166.2%21.6%34.4%51.3%0.0%140.7%55.8%14.9K-603.3K-2.5K0.00132.18N/AN/A309,316102
2026-01-08$1.87$2.00153.0%24.8%38.2%46.6%38.9%108.1%30.1%17.5K-686.9K-2.7K0.00127.49N/AN/A76809,316102
2026-01-09$1.88$2.0078.1%22.2%36.9%19.8%0.0%130.7%49.7%18.6K-705.5K-2.9K0.00135.06N/AN/A409,996102
2026-01-12$1.83$2.00100.0%27.9%37.4%27.7%56.7%28.4%20.3%16.6K-667.5K-2.8K0.00127.37N/AN/A4609,997102
2026-01-13$1.85$2.00117.1%15.6%35.3%33.7%0.0%174.3%20.8%17.5K-683.8K-2.8K0.04135.32N/AN/A11359,998102
2026-01-14$1.94$2.0039.9%11.4%38.6%6.2%24.9%157.1%51.9%19.6K-822.8K-3.1K0.02134.98N/AN/A218410,111107
2026-01-15$2.09$2.0040.9%11.7%45.3%6.6%23.8%-79.6%50.3%22.3K-1.1M-3.4K0.00114.81N/AN/A236110,281107
2026-01-16$2.05$2.0041.5%11.9%45.9%6.8%47.6%108.4%19.3%23.3K-1.0M-3.4K0.00111.17N/AN/A766010,449106
2026-01-20$2.00$2.0048.2%13.8%47.3%9.1%43.8%44.2%26.0%22.7K-998.9K-3.5K0.07133.82N/AN/A2972110,83470
2026-01-21$2.15$2.0034.5%9.9%51.1%4.2%33.8%-4.4%25.5%30.4K-1.1M-3.4K0.0678.37N/AN/A1781010,91890
2026-01-22$2.13$2.0035.9%10.3%51.5%4.7%0.0%-13.6%15.6%30.1K-1.1M-3.4K0.00108.37N/AN/A90011,040100
2026-01-23$2.20$2.0039.3%11.3%51.4%6.0%38.6%-2.0%16.6%29.5K-1.3M-3.5K0.0091.85N/AN/A536011,070100
2026-01-26$2.20$2.0041.6%11.9%51.4%6.8%0.0%-2.3%-3.7%34.8K-1.3M-2.9K0.4598.62N/AN/A221010,919100
2026-01-27$2.25$2.0039.1%11.2%50.6%5.9%0.0%10.5%-9.3%31.8K-1.4M-3.0K0.0091.32N/AN/A415010,931101
2026-01-28$2.31$2.0049.8%14.3%50.5%9.7%47.8%13.7%-6.0%29.7K-1.5M-3.1K0.00100.72N/AN/A1,736010,934101
2026-01-29$2.30$2.0051.7%14.8%51.0%10.4%51.1%11.5%-16.5%26.2K-1.3M-3.1K0.0099.43N/AN/A667010,250101
2026-01-30$2.33$2.0064.8%18.6%47.4%15.1%0.0%9.0%-33.9%24.0K-1.4M-3.2K0.00119.40N/AN/A923010,033101