DLNG Options History — April 2015

In April 2015, DLNG traded between $17.85 and $20.23. ATM implied volatility averaged 34.2%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 1.0% (HV 20d: 33.2%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 2.22.

Notable Days

  • 2015-04-15: Highest Volume — 404 contracts
  • 2015-04-06: Largest IV spike — 57.6% change
  • 2015-04-06: Highest IV Rank — 17.3%
  • 2015-04-21: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.98$17.85$20.23$19.47$19.80
Max Pain$17.62$17.50$20.00$20.00$17.50
ATM IV34.2%26.6%43.0%32.2%35.0%
Expected Move9.6%7.6%11.2%9.2%10.0%
HV 20d33.2%17.4%46.3%35.5%46.0%
HV 60d32.2%27.9%36.3%32.8%35.5%
IV Rank11.2%5.8%17.3%9.8%11.8%
IV Percentile61.3%29.0%82.1%55.2%67.9%
Term Structure-1.6%-9.0%5.1%-0.3%-4.0%
VWIV33.5%23.4%39.3%36.7%36.0%
Skew 25d8.4%-0.3%22.2%-0.3%14.0%
Skew 10d9.9%-1.7%23.5%-1.7%23.5%
Call IV 25d30.6%24.5%38.7%37.8%31.7%
Put IV 25d39.0%29.9%47.4%37.5%45.7%
Bid-Ask Spread %102.0133.10114.20112.3195.27
Gamma HHI0.320.250.450.310.28
Net GEX2.0K-2.0K10.9K6805.9K
Net DEX124.7K22.5K267.9K22.5K90.5K
Net VEX-1.4K-1.7K-1.2K-1.6K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.221.473.771.722.09
Total Volume302.1920404310318
Total OI754.952642916775682

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$19.47$20.0032.2%9.2%35.5%9.8%36.7%-0.3%-0.3%68022.5K-1.6K1.72112.31N/AN/A114196431344
2015-04-02$19.05$17.5027.3%7.7%35.2%6.3%33.5%8.2%2.5%48857.0K-1.6K1.74101.89N/AN/A123214436344
2015-04-06$18.84$17.5043.0%9.0%35.2%17.3%38.2%10.8%-1.5%1.1K73.4K-1.5K1.74102.79N/AN/A123214446344
2015-04-07$18.99$17.5037.6%9.0%34.6%13.5%35.2%8.9%1.8%1.9K51.0K-1.5K1.76104.75N/AN/A123216446344
2015-04-08$19.00$17.5026.6%7.6%32.3%5.8%38.3%9.6%3.7%693223.1K-1.4K0.0099.49N/AN/A020366337
2015-04-09$18.86$17.5028.8%8.3%29.1%7.4%34.3%5.7%-0.2%-76112.7K-1.5K1.55102.27N/AN/A133206446369
2015-04-10$19.00$17.5029.1%8.3%29.1%7.6%31.2%7.2%5.1%30782.5K-1.4K1.47105.20N/AN/A135199456369
2015-04-13$18.91$17.5029.2%8.4%28.7%7.7%34.6%7.6%0.4%1.3K110.4K-1.4K1.51100.35N/AN/A135204474372
2015-04-14$18.70$17.5037.4%10.7%28.8%13.4%35.3%4.5%-7.4%2.1K138.3K-1.2K1.55105.32N/AN/A140217474364
2015-04-15$18.33$17.5036.5%10.5%27.2%12.8%33.5%3.2%-9.0%1.3K139.1K-1.4K1.89107.47N/AN/A140264479390
2015-04-16$18.20$17.5038.7%11.1%27.2%14.3%23.4%12.5%-8.8%-48209.4K-1.4K1.82108.48N/AN/A140255479437
2015-04-17$18.00$17.5034.6%9.9%26.2%11.5%24.1%8.9%2.1%-843198.8K-1.4K1.72103.41N/AN/A140241479433
2015-04-20$17.94$17.5037.3%10.7%17.4%13.3%24.5%8.6%-3.7%-1.2K255.7K-1.4K2.71107.14N/AN/A72195310332
2015-04-21$18.02$17.5039.0%11.2%17.4%14.5%35.8%4.5%-4.1%-1.5K267.9K-1.3K2.78114.20N/AN/A72200310336
2015-04-22$17.85$17.5034.4%9.9%17.4%11.3%39.3%1.0%-0.1%-2.0K248.3K-1.3K2.78113.84N/AN/A72200310342
2015-04-23$20.02$17.5033.1%9.5%46.3%10.4%33.7%14.1%-0.7%4.9K81.4K-1.4K2.8633.10N/AN/A70200310342
2015-04-24$19.91$17.5036.5%10.5%46.2%12.8%36.4%8.0%-4.7%5.6K66.5K-1.7K2.86108.86N/AN/A70200338342
2015-04-27$19.61$17.5037.5%10.8%46.3%13.5%36.0%13.1%-4.1%6.1K60.3K-1.6K2.86106.19N/AN/A70200338342
2015-04-28$19.90$17.5035.6%10.2%46.2%12.2%35.3%22.2%-2.2%4.5K93.1K-1.6K3.23105.65N/AN/A62200338342
2015-04-29$20.23$17.5029.3%8.4%45.3%7.7%28.7%4.1%2.6%10.9K35.9K-1.4K3.77104.20N/AN/A53200340341
2015-04-30$19.80$17.5035.0%10.0%46.0%11.8%36.0%14.0%-4.0%5.9K90.5K-1.5K2.0995.27N/AN/A103215341341