DLNG Options History — April 2014

In April 2014, DLNG traded between $20.96 and $22.22. ATM implied volatility averaged 58.3%. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 31.7% (HV 20d: 26.5%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.02.

Notable Days

  • 2014-04-08: Highest Volume — 55 contracts
  • 2014-04-04: Largest IV spike — 191.7% change
  • 2014-04-29: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.66$20.96$22.22$21.49$21.81
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV58.3%23.6%104.5%23.6%50.5%
Expected Move15.1%6.8%22.3%6.8%14.5%
HV 20d26.5%23.6%30.7%23.6%26.2%
HV 60d26.0%25.1%27.8%26.8%25.9%
Term Structure4.9%-37.4%38.8%3.8%38.8%
VWIV34.4%20.9%49.0%49.0%20.9%
Skew 25d-1.1%-34.5%15.6%7.4%-23.6%
Skew 10d10.7%-11.9%78.0%4.9%-11.9%
Call IV 25d59.6%20.4%92.9%24.7%64.4%
Put IV 25d58.5%24.7%94.4%32.1%40.7%
Bid-Ask Spread %134.04107.47166.23121.06150.24
Gamma HHI0.740.560.900.850.66
Net GEX13.3K4.1K29.7K26.4K6.3K
Net DEX-157.9K-293.8K-27.3K-126.5K-129.2K
Net VEX-1.2K-1.4K-964-1.3K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.100.100.00
Total Volume7.762055032
Total OI392.19296461402345

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$21.49$22.5023.6%6.8%23.6%0.0%0.0%7.4%3.8%26.4K-126.5K-1.3K0.00121.06N/AN/A00289113
2014-04-02$22.00$22.5028.3%8.1%25.2%0.0%0.0%4.2%15.7%18.9K-166.9K-1.3K0.00132.56N/AN/A010289113
2014-04-03$21.90$22.5028.1%8.0%25.2%0.0%0.0%15.5%10.5%28.9K-293.8K-1.3K0.00166.23N/AN/A00289113
2014-04-04$22.18$0.0081.8%16.9%25.5%0.0%0.0%2.6%-9.4%9.4K-228.6K-1.4K0.00153.42N/AN/A00289113
2014-04-07$21.53$0.0064.8%13.3%27.6%0.0%0.0%3.7%11.2%11.1K-182.5K-1.3K0.00128.87N/AN/A00289113
2014-04-08$20.96$0.00104.5%19.9%29.0%0.0%49.0%4.6%-18.2%8.6K-132.7K-1.2K0.10122.94N/AN/A505289113
2014-04-09$21.51$22.5086.0%12.5%30.7%0.0%33.3%-4.8%16.4%14.4K-222.8K-1.3K0.00131.50N/AN/A80339114
2014-04-10$21.15$22.5031.4%9.0%29.4%0.0%0.0%4.4%-3.0%20.4K-113.2K-1.2K0.00124.80N/AN/A00347114
2014-04-11$21.28$22.5064.4%18.5%29.5%0.0%0.0%-3.5%-12.6%12.5K-221.8K-1.4K0.00126.48N/AN/A00347114
2014-04-14$21.34$22.5041.0%11.7%27.3%0.0%0.0%-7.2%20.6%16.1K-179.2K-1.3K0.00131.11N/AN/A00347114
2014-04-15$21.27$22.5062.8%18.0%26.3%0.0%0.0%15.6%-33.0%14.4K-162.0K-1.2K0.00142.28N/AN/A00347114
2014-04-16$21.55$22.5066.0%18.9%26.6%0.0%0.0%7.3%-17.8%16.5K-215.3K-1.3K0.00140.75N/AN/A00347114
2014-04-17$21.85$22.5066.1%18.9%25.1%0.0%0.0%3.6%-37.4%29.7K-160.7K-1.1K0.00126.45N/AN/A10347114
2014-04-21$21.55$22.5052.1%14.9%24.8%0.0%0.0%-6.8%30.3%5.1K-27.3K-9640.00125.37N/AN/A00182114
2014-04-22$21.95$22.5069.8%20.0%25.6%0.0%0.0%2.1%25.2%4.1K-67.4K-1.0K0.00131.26N/AN/A300182114
2014-04-23$22.09$22.5072.6%20.8%25.7%0.0%0.0%-34.5%14.7%4.5K-155.4K-1.2K0.00128.99N/AN/A00212114
2014-04-24$22.22$22.5025.4%7.3%25.5%0.0%0.0%-2.5%1.4%11.3K-115.6K-1.1K0.00107.47N/AN/A07212114
2014-04-25$21.77$22.5070.6%20.2%26.2%0.0%0.0%1.1%1.9%7.1K-117.8K-1.2K0.00149.89N/AN/A200212114
2014-04-28$21.54$22.5056.1%16.1%25.5%0.0%0.0%-13.4%32.9%5.8K-186.4K-1.2K0.00143.75N/AN/A00231114
2014-04-29$21.93$22.5077.7%22.3%26.3%0.0%0.0%1.5%12.1%6.7K-110.9K-1.2K0.00129.50N/AN/A00231114
2014-04-30$21.81$22.5050.5%14.5%26.2%0.0%20.9%-23.6%38.8%6.3K-129.2K-1.2K0.00150.24N/AN/A320231114