DLNG Options History — February 2015

In February 2015, DLNG traded between $18.38 and $20.36. ATM implied volatility averaged 32.8%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 1.8% (HV 20d: 31.0%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.66.

Notable Days

2015-02-18: Highest Volume — 436 contracts
2015-02-04: Largest IV drop — 28.9% change
2015-02-03: Highest IV Rank — 15.9%
2015-02-03: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.46	$18.38	$20.36	$18.38	$19.89
Max Pain	$17.11	$15.00	$17.50	$15.00	$17.50
ATM IV	32.8%	29.1%	40.9%	37.3%	33.9%
Expected Move	9.4%	7.9%	11.7%	10.7%	9.7%
HV 20d	31.0%	23.3%	46.4%	46.4%	26.2%
HV 60d	57.2%	47.9%	58.1%	57.7%	47.9%
IV Rank	10.2%	7.6%	15.9%	13.3%	10.9%
IV Percentile	56.1%	42.1%	76.6%	69.0%	62.3%
Term Structure	-1.2%	-8.8%	12.5%	-6.6%	-1.8%
VWIV	34.7%	30.7%	48.9%	48.9%	33.5%
Skew 25d	7.2%	-1.6%	25.6%	-1.1%	3.5%
Skew 10d	15.9%	-2.0%	104.7%	3.7%	5.8%
Call IV 25d	29.1%	22.2%	33.4%	33.0%	28.8%
Put IV 25d	36.3%	28.6%	47.8%	31.9%	32.3%
Bid-Ask Spread %	106.14	100.89	115.62	112.84	111.03
Gamma HHI	0.31	0.26	0.57	0.57	0.26
Net GEX	5.3K	2.5K	8.9K	4.0K	7.2K
Net DEX	-128.0K	-283.8K	19.3K	19.3K	-178.2K
Net VEX	-1.5K	-2.1K	-976	-976	-2.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.66	0.00	6.75	0.00	1.87
Total Volume	288.263	4	436	32	330
Total OI	587.737	450	746	450	746

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
2015-02-02	$18.38	$15.00	37.3%	10.7%	46.4%	13.3%	48.9%	-1.1%	-6.6%	4.0K	19.3K	-976	0.00	112.84	N/A	N/A	32	0	231	219
2015-02-03	$18.54	$15.00	40.9%	11.7%	38.4%	15.9%	32.6%	14.7%	-0.3%	2.5K	-12.7K	-1.0K	1.60	104.41	N/A	N/A	123	197	234	219
2015-02-04	$18.77	$15.00	29.1%	8.3%	36.8%	7.6%	31.5%	25.6%	12.5%	3.5K	-48.4K	-1.2K	1.60	109.06	N/A	N/A	123	197	274	229
2015-02-05	$19.06	$17.50	30.8%	7.9%	36.9%	8.8%	34.5%	8.1%	-6.3%	2.8K	-60.1K	-1.1K	1.48	100.89	N/A	N/A	133	197	279	229
2015-02-06	$18.92	$17.50	33.5%	9.2%	37.3%	10.7%	36.9%	11.4%	-5.0%	3.8K	-76.9K	-1.3K	1.44	103.62	N/A	N/A	133	192	294	229
2015-02-09	$19.23	$17.50	29.9%	10.0%	37.2%	8.1%	33.3%	4.8%	-1.9%	3.4K	-82.9K	-1.2K	1.44	105.39	N/A	N/A	133	192	294	234
2015-02-10	$19.43	$17.50	33.8%	8.8%	33.5%	10.9%	30.7%	8.9%	2.3%	3.3K	-97.3K	-1.2K	1.44	105.11	N/A	N/A	133	192	294	234
2015-02-11	$19.13	$17.50	33.4%	9.6%	31.7%	10.6%	33.7%	3.4%	1.2%	3.3K	-84.5K	-1.3K	1.43	102.83	N/A	N/A	134	192	294	234
2015-02-12	$19.06	$17.50	29.3%	8.4%	30.6%	7.7%	32.3%	4.8%	-2.1%	3.3K	-76.0K	-1.3K	1.60	104.36	N/A	N/A	120	192	293	234
2015-02-13	$19.35	$17.50	30.1%	8.6%	30.6%	8.3%	34.3%	9.1%	0.6%	2.8K	-126.5K	-1.3K	1.41	104.73	N/A	N/A	133	188	294	234
2015-02-17	$19.94	$17.50	33.6%	9.6%	25.9%	10.8%	38.2%	13.2%	0.2%	4.3K	-163.7K	-1.3K	0.78	106.33	N/A	N/A	241	188	311	235
2015-02-18	$19.95	$17.50	37.7%	10.8%	25.9%	13.6%	35.2%	2.5%	-3.9%	8.7K	-283.8K	-1.9K	0.81	103.57	N/A	N/A	241	195	446	235
2015-02-19	$20.36	$17.50	31.2%	8.9%	23.3%	9.1%	0.0%	7.8%	2.9%	8.9K	-130.5K	-1.9K	0.33	108.20	N/A	N/A	3	1	366	242
2015-02-20	$19.95	$17.50	31.1%	8.9%	25.5%	9.0%	0.0%	4.0%	-1.5%	8.2K	-115.8K	-1.9K	6.75	106.88	N/A	N/A	4	27	369	243
2015-02-23	$20.15	$17.50	34.4%	9.9%	25.1%	11.3%	34.7%	-1.6%	-8.8%	6.8K	-267.3K	-2.0K	1.93	102.20	N/A	N/A	111	214	441	260
2015-02-24	$20.00	$17.50	29.2%	8.4%	25.7%	7.7%	31.2%	9.8%	0.3%	7.9K	-239.7K	-2.1K	1.94	115.62	N/A	N/A	111	215	456	274
2015-02-25	$20.00	$17.50	31.8%	9.1%	25.1%	9.5%	35.7%	5.7%	-2.7%	7.8K	-215.0K	-2.0K	1.87	104.49	N/A	N/A	115	215	456	275
2015-02-26	$19.62	$17.50	32.6%	9.4%	26.5%	10.1%	32.7%	2.3%	-1.3%	7.9K	-191.8K	-2.0K	1.87	105.16	N/A	N/A	115	215	461	275
2015-02-27	$19.89	$17.50	33.9%	9.7%	26.2%	10.9%	33.5%	3.5%	-1.8%	7.2K	-178.2K	-2.0K	1.87	111.03	N/A	N/A	115	215	461	285