DLNG Options History — January 2016

In January 2016, DLNG traded between $6.82 and $10.43. ATM implied volatility averaged 75.2%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded below realized volatility by 22.6% (HV 20d: 97.8%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.91.

Notable Days

2016-01-22: Highest Volume — 671 contracts
2016-01-11: Largest IV spike — 89.4% change
2016-01-12: Highest IV Rank — 54.0%
2016-01-26: Largest Expected Move — 24.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.56	$6.82	$10.43	$9.90	$10.43
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	75.2%	59.7%	126.4%	64.6%	73.9%
Expected Move	19.1%	14.2%	24.4%	18.1%	21.2%
HV 20d	97.8%	84.0%	110.4%	85.9%	109.2%
HV 60d	70.3%	59.2%	82.1%	59.2%	82.1%
IV Rank	27.2%	19.1%	54.0%	21.7%	26.6%
IV Percentile	93.2%	87.7%	98.8%	93.7%	93.3%
Term Structure	-5.9%	-18.2%	1.4%	-1.1%	-9.6%
VWIV	70.7%	54.9%	87.7%	62.9%	73.6%
Skew 25d	9.1%	-10.2%	29.1%	16.6%	14.6%
Skew 10d	24.9%	-9.7%	86.7%	32.0%	22.1%
Call IV 25d	65.0%	46.9%	90.3%	51.7%	59.8%
Put IV 25d	74.1%	57.4%	90.2%	68.3%	74.4%
Bid-Ask Spread %	85.35	67.09	109.52	93.25	99.89
Gamma HHI	0.43	0.32	0.60	0.39	0.59
Net GEX	1.6K	-1.5K	5.4K	525	5.1K
Net DEX	200.9K	16.6K	386.8K	192.7K	20.1K
Net VEX	-1.0K	-1.6K	-616	-1.1K	-1.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.54	1.42	1.03	1.35
Total Volume	438.684	333	671	394	333
Total OI	1,216.158	854	1,387	1,215	1,186

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
2016-01-04	$9.90	$7.50	64.6%	18.1%	85.9%	21.7%	62.9%	16.6%	-1.1%	525	192.7K	-1.1K	1.03	93.25	N/A	N/A	194	200	565	650
2016-01-05	$9.45	$7.50	66.7%	14.2%	85.7%	22.8%	57.5%	10.5%	-3.5%	759	180.1K	-1.0K	0.99	94.26	N/A	N/A	202	201	599	650
2016-01-06	$9.05	$7.50	80.1%	15.8%	85.1%	29.8%	65.5%	6.9%	-6.2%	1.4K	203.0K	-1.1K	0.76	92.78	N/A	N/A	195	149	656	652
2016-01-07	$8.86	$7.50	60.9%	15.2%	84.8%	19.7%	54.9%	11.2%	1.4%	762	211.6K	-1.0K	0.75	73.77	N/A	N/A	199	149	651	652
2016-01-08	$9.02	$7.50	61.7%	16.6%	84.0%	20.2%	71.3%	6.8%	-10.8%	1.5K	222.4K	-989	0.55	75.24	N/A	N/A	271	149	659	652
2016-01-11	$8.09	$7.50	116.8%	18.6%	90.7%	49.0%	66.5%	1.1%	-4.1%	592	237.2K	-781	0.61	103.97	N/A	N/A	225	138	682	652
2016-01-12	$7.50	$7.50	126.4%	20.3%	92.6%	54.0%	70.5%	-5.3%	-8.6%	-1.5K	313.2K	-733	0.59	79.42	N/A	N/A	229	136	682	653
2016-01-13	$6.82	$7.50	61.6%	17.6%	96.9%	20.1%	69.8%	6.9%	-4.5%	-680	293.1K	-616	0.86	100.90	N/A	N/A	229	198	696	655
2016-01-14	$7.61	$7.50	69.8%	20.0%	106.5%	24.4%	69.7%	14.1%	-6.1%	-1.2K	328.4K	-702	1.16	70.71	N/A	N/A	227	264	696	676
2016-01-15	$7.31	$7.50	70.6%	20.2%	107.0%	24.9%	71.8%	17.9%	-4.2%	229	386.8K	-706	1.12	69.96	N/A	N/A	236	264	682	705
2016-01-19	$7.35	$7.50	59.7%	17.1%	97.3%	19.1%	69.4%	-10.2%	-2.3%	451	222.5K	-772	1.08	79.53	N/A	N/A	186	200	335	519
2016-01-20	$7.10	$7.50	69.6%	20.0%	96.0%	24.3%	69.7%	12.3%	-8.8%	788	238.7K	-693	1.13	71.29	N/A	N/A	183	206	405	519
2016-01-21	$7.70	$7.50	71.4%	20.5%	93.6%	25.2%	82.2%	-1.8%	0.9%	1.2K	241.4K	-760	0.81	88.61	N/A	N/A	280	228	404	529
2016-01-22	$9.03	$7.50	65.5%	18.8%	110.4%	22.1%	70.6%	15.8%	-5.8%	2.2K	173.8K	-1.3K	0.54	67.09	N/A	N/A	435	236	525	549
2016-01-25	$8.93	$7.50	84.7%	24.3%	109.3%	32.2%	83.9%	5.7%	-18.2%	3.4K	126.7K	-1.4K	0.64	105.26	N/A	N/A	366	236	646	559
2016-01-26	$9.14	$7.50	85.3%	24.4%	108.0%	32.5%	87.7%	9.4%	-8.8%	4.6K	115.2K	-1.4K	0.91	74.10	N/A	N/A	259	236	709	559
2016-01-27	$9.39	$7.50	65.6%	18.8%	106.9%	22.2%	70.7%	12.2%	-3.3%	5.2K	94.0K	-1.5K	0.91	109.52	N/A	N/A	259	236	694	559
2016-01-28	$9.88	$7.50	73.7%	21.1%	108.2%	26.4%	76.1%	29.1%	-8.3%	5.4K	16.6K	-1.6K	1.42	72.02	N/A	N/A	166	235	686	559
2016-01-29	$10.43	$7.50	73.9%	21.2%	109.2%	26.6%	73.6%	14.6%	-9.6%	5.1K	20.1K	-1.5K	1.35	99.89	N/A	N/A	142	191	630	556