DLNG Options History — May 2015

In May 2015, DLNG traded between $18.92 and $20.68. ATM implied volatility averaged 31.2%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 13.5% (HV 20d: 44.7%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 2.62.

Notable Days

  • 2015-05-13: Highest Volume — 543 contracts
  • 2015-05-07: Largest IV spike — 52.6% change
  • 2015-05-07: Highest IV Rank — 22.8%
  • 2015-05-01: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.67$18.92$20.68$19.62$19.11
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV31.2%23.2%50.8%30.5%23.2%
Expected Move7.7%6.6%8.7%8.7%6.6%
HV 20d44.7%34.5%53.6%45.4%34.6%
HV 60d37.1%35.5%38.4%35.5%38.4%
IV Rank11.0%5.9%22.8%8.6%5.9%
IV Percentile45.8%12.3%96.4%47.2%12.3%
Term Structure1.6%-3.7%8.2%-2.0%-0.7%
VWIV28.4%24.2%33.2%31.2%25.7%
Skew 25d3.5%-6.5%17.1%17.1%-3.1%
Skew 10d6.4%-9.9%35.8%26.3%-9.7%
Call IV 25d26.9%20.8%33.9%27.8%27.9%
Put IV 25d30.4%22.7%44.8%44.8%24.8%
Bid-Ask Spread %105.85100.16111.17102.42107.22
Gamma HHI0.520.370.590.370.56
Net GEX24.3K13.0K33.3K13.0K22.3K
Net DEX-72.2K-309.5K126.8K6.3K121.7K
Net VEX-2.8K-3.1K-1.9K-1.9K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.620.0010.001.462.72
Total Volume333.30543362275
Total OI1,129.47771,2497771,249

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$19.62$17.5030.5%8.7%45.4%8.6%31.2%17.1%-2.0%13.0K6.3K-1.9K1.46102.42N/AN/A147215412365
2015-05-04$19.96$17.5033.6%8.3%45.5%10.8%0.0%10.7%1.8%20.7K-85.2K-2.0K0.91100.35N/AN/A135123476365
2015-05-05$20.02$17.5033.1%8.2%45.4%10.4%29.0%11.3%-0.2%25.3K-151.6K-3.0K1.66100.16N/AN/A187311611481
2015-05-06$19.76$17.5033.3%8.0%45.8%10.5%28.4%11.9%2.4%26.6K-193.7K-3.1K1.66103.04N/AN/A187311641481
2015-05-07$18.97$17.5050.8%8.0%48.2%22.8%33.0%4.5%-1.6%20.0K-42.9K-2.9K1.84105.18N/AN/A185341641481
2015-05-08$19.23$17.5037.7%6.9%48.3%13.6%0.0%5.6%8.0%21.1K26.9K-3.0K0.00103.03N/AN/A00645518
2015-05-11$19.53$17.5045.5%7.6%48.6%19.1%0.0%5.1%5.2%24.5K-40.1K-3.1K0.00103.63N/AN/A150645518
2015-05-12$18.92$17.5042.8%7.9%49.8%17.2%30.1%1.2%-0.8%17.4K85.6K-2.8K1.79104.51N/AN/A190341660518
2015-05-13$18.98$17.5028.0%8.0%49.2%6.8%28.4%4.6%1.5%17.7K126.8K-2.7K1.69100.63N/AN/A202341660518
2015-05-14$19.55$17.5029.5%8.5%50.1%7.9%33.2%8.8%-2.0%27.7K-15.9K-2.8K1.86102.89N/AN/A183341660518
2015-05-15$20.20$17.5025.1%7.2%50.8%8.3%25.1%1.2%4.7%26.1K-234.6K-2.8K1.76105.21N/AN/A189333670518
2015-05-18$20.68$17.5025.4%7.3%51.0%8.7%0.0%6.8%4.5%33.3K-309.5K-2.7K10.00107.40N/AN/A330643484
2015-05-19$20.25$17.5029.6%8.5%52.0%13.6%0.0%4.8%-1.4%25.3K-235.8K-2.9K0.71108.95N/AN/A3122643484
2015-05-20$19.58$17.5027.3%7.8%53.6%11.0%27.5%5.9%5.7%23.4K-36.0K-3.0K4.48110.44N/AN/A73327666492
2015-05-21$19.85$17.5023.8%6.8%34.8%6.7%24.9%-6.5%8.2%26.3K-94.8K-3.1K4.53110.37N/AN/A73331676494
2015-05-22$20.04$17.5023.7%6.8%34.9%6.6%24.2%-6.2%3.9%31.9K-121.3K-2.9K4.53111.17N/AN/A73331676499
2015-05-26$20.14$17.5026.5%7.6%34.5%9.9%26.4%-3.4%0.8%30.7K-167.3K-2.8K3.03111.05N/AN/A73221676499
2015-05-27$19.60$17.5025.9%7.4%35.5%9.2%27.3%-3.7%-3.0%29.7K-135.2K-2.7K2.47110.37N/AN/A74183676507
2015-05-28$19.37$17.5028.7%8.2%35.1%12.6%31.1%-6.5%-3.7%23.2K52.3K-2.8K2.64109.03N/AN/A74195688534
2015-05-29$19.11$17.5023.2%6.6%34.6%5.9%25.7%-3.1%-0.7%22.3K121.7K-2.8K2.72107.22N/AN/A74201688561