DLNG Options History — August 2014

In August 2014, DLNG traded between $22.51 and $24.23. ATM implied volatility averaged 27.3%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 1.6% (HV 20d: 25.7%). Max pain ranged from $17.50 to $25.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.14.

Notable Days

  • 2014-08-06: Highest Volume — 335 contracts
  • 2014-08-14: Largest IV drop — 46.4% change
  • 2014-08-12: Highest IV Rank — 15.5%
  • 2014-08-27: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.54$22.51$24.23$23.18$24.19
Max Pain$20.92$17.50$25.00$25.00$17.50
ATM IV27.3%19.1%43.5%26.6%23.1%
Expected Move7.3%5.5%9.1%7.6%7.7%
HV 20d25.7%22.1%28.5%23.0%26.5%
HV 60d32.8%32.2%33.7%32.2%32.5%
IV Rank5.9%1.0%15.5%5.5%3.4%
IV Percentile30.3%0.6%74.3%34.1%15.2%
Term Structure0.2%-7.2%7.3%0.2%1.9%
VWIV26.7%24.8%30.1%26.5%26.0%
Skew 25d2.7%-5.9%11.0%5.8%1.8%
Skew 10d2.5%-7.7%51.1%51.1%11.3%
Call IV 25d21.8%16.1%28.4%27.8%26.9%
Put IV 25d24.4%17.2%33.6%33.6%28.7%
Bid-Ask Spread %107.3672.79120.41112.5772.79
Gamma HHI0.460.420.570.570.47
Net GEX-5.6K-11.6K1.4K-11.3K-5.8K
Net DEX-16.2K-270.0K261.9K261.9K-270.0K
Net VEX-2.9K-3.4K-1.7K-1.7K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.007.500.020.00
Total Volume37.2860335451
Total OI969.3336281,1566281,043

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$23.18$25.0026.6%7.6%23.0%5.5%26.5%5.8%0.2%-11.3K261.9K-1.7K0.02112.57N/AN/A441285343
2014-08-04$23.01$20.0027.4%7.5%23.0%5.9%0.0%7.4%1.4%-11.6K197.1K-1.7K0.00115.44N/AN/A900306344
2014-08-05$22.51$20.0028.8%7.9%23.3%6.8%0.0%11.0%-0.7%-7.7K167.5K-2.1K0.00105.89N/AN/A200396344
2014-08-06$23.05$20.0032.4%8.7%25.1%8.9%30.1%3.0%-0.0%-6.1K107.2K-2.3K0.5697.03N/AN/A215120405344
2014-08-07$22.88$22.5033.0%7.8%25.0%9.2%0.0%5.4%-0.1%-5.1K161.1K-3.0K0.00112.98N/AN/A20600464
2014-08-08$22.99$22.5033.2%6.5%22.1%9.4%0.0%5.8%4.8%-5.2K140.8K-3.0K0.00113.81N/AN/A00602464
2014-08-11$23.86$22.5039.9%5.5%24.7%13.4%0.0%8.8%1.4%-2.6K-5.5K-2.7K7.50115.03N/AN/A1075602464
2014-08-12$23.47$22.5043.5%6.3%25.4%15.5%0.0%1.1%4.4%-4.5K106.7K-3.1K0.00114.51N/AN/A10612496
2014-08-13$23.36$22.5043.2%7.0%25.4%15.3%0.0%5.1%6.3%-4.8K129.2K-3.1K0.02103.37N/AN/A501612496
2014-08-14$23.20$22.5023.1%6.6%25.3%3.4%0.0%1.7%-3.2%-3.1K86.9K-3.2K0.00112.70N/AN/A250635496
2014-08-15$23.74$22.5023.8%6.8%25.8%3.8%0.0%6.8%-2.3%-9.4K73.8K-3.0K0.00110.54N/AN/A00660496
2014-08-18$23.19$0.0024.2%7.8%26.9%4.0%0.0%-0.6%-6.6%-10.1K-30.1K-3.1K0.00116.23N/AN/A04496420
2014-08-19$23.78$0.0019.1%7.1%28.5%1.0%24.8%8.7%7.3%-9.4K-74.2K-3.0K0.0084.56N/AN/A30496424
2014-08-20$24.04$25.0021.2%7.1%27.9%2.2%0.0%-5.1%1.7%-6.1K-165.7K-3.0K0.00100.28N/AN/A660499424
2014-08-21$23.74$25.0020.5%7.4%28.1%1.8%26.1%-5.9%-5.4%-4.8K-178.0K-3.3K5.00109.74N/AN/A210565424
2014-08-22$23.75$17.5021.3%7.7%27.3%2.3%0.0%-4.3%-7.2%-3.1K-194.1K-3.4K0.00118.16N/AN/A011567434
2014-08-25$24.04$17.5021.7%6.3%27.5%2.5%0.0%5.8%2.4%-3.4K-191.3K-3.3K0.00120.41N/AN/A00567444
2014-08-26$24.23$17.5021.3%7.5%26.8%2.3%0.0%3.2%-2.9%-900-221.8K-3.2K0.00115.44N/AN/A270567444
2014-08-27$24.15$17.5025.5%9.1%26.5%4.8%0.0%-5.3%5.7%1.4K-231.5K-3.4K0.00100.92N/AN/A00594444
2014-08-28$23.88$17.5021.0%7.5%26.4%2.1%26.0%-4.3%-4.0%-3.6K-209.5K-3.3K4.00102.10N/AN/A14594444
2014-08-29$24.19$17.5023.1%7.7%26.5%3.4%0.0%1.8%1.9%-5.8K-270.0K-3.2K0.0072.79N/AN/A10595448