DLNG Options History — April 2016

In April 2016, DLNG traded between $11.00 and $15.52. ATM implied volatility averaged 56.7%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded below realized volatility by 16.3% (HV 20d: 73.1%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2016-04-04: Highest Volume — 1,468 contracts
  • 2016-04-11: Largest IV spike — 51.6% change
  • 2016-04-12: Highest IV Rank — 29.0%
  • 2016-04-06: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.55$11.00$15.52$11.40$15.52
Max Pain$11.67$10.00$12.50$10.00$12.50
ATM IV56.7%45.7%78.5%50.2%56.8%
Expected Move15.5%13.1%17.8%14.4%16.3%
HV 20d73.1%54.5%78.7%73.4%54.5%
HV 60d74.9%66.2%84.9%84.9%66.2%
IV Rank17.6%11.8%29.0%14.2%17.6%
IV Percentile67.2%45.6%90.9%59.5%68.7%
Term Structure-3.3%-12.9%4.7%-3.9%-7.9%
VWIV57.4%48.2%66.8%50.2%64.0%
Skew 25d9.8%-11.4%21.8%-11.4%21.8%
Skew 10d22.2%-19.5%44.8%-19.5%32.1%
Call IV 25d47.8%39.2%63.8%50.5%43.8%
Put IV 25d57.6%39.2%66.1%39.2%65.6%
Bid-Ask Spread %83.6972.6492.9876.1487.05
Gamma HHI0.480.330.680.640.53
Net GEX21.8K-5.5K45.3K11.6K39.5K
Net DEX-1.2M-2.2M151.0K-323.4K-2.0M
Net VEX-7.1K-9.7K-3.4K-3.4K-8.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.381.890.380.49
Total Volume883.0483871,4681,048558
Total OI4,702.812,9445,6632,9445,442

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-04-01$11.40$10.0050.2%14.4%73.4%14.2%50.2%-11.4%-3.9%11.6K-323.4K-3.4K0.3876.14N/AN/A7572911,4491,495
2016-04-04$11.32$10.0054.5%13.2%72.4%16.4%57.0%15.1%-2.5%12.1K-282.8K-3.7K1.1178.74N/AN/A6977711,5541,476
2016-04-05$11.00$10.0057.2%17.6%71.4%17.8%63.9%6.8%-4.1%1.9K25.1K-4.3K1.0187.56N/AN/A6486531,5742,028
2016-04-06$11.14$10.0074.4%17.8%67.8%26.8%60.3%8.9%-9.1%-2.8K75.5K-4.9K0.8388.03N/AN/A5524571,5882,357
2016-04-07$11.02$10.0070.2%16.8%68.1%24.6%57.0%0.1%-3.0%-5.5K151.0K-5.1K0.6088.57N/AN/A5323211,6132,485
2016-04-08$11.48$10.0046.0%14.8%68.7%12.0%54.1%9.7%2.9%-2.7K27.7K-5.1K0.7181.08N/AN/A5483901,6352,473
2016-04-11$12.40$10.0069.7%16.4%72.9%24.4%57.5%11.1%-5.1%12.7K-608.8K-5.3K0.8572.64N/AN/A7086011,6872,496
2016-04-12$13.40$12.5078.5%17.3%76.2%29.0%54.2%18.1%-8.3%9.7K-1.2M-5.8K0.4785.15N/AN/A8273911,9522,754
2016-04-13$14.08$12.5046.6%13.4%76.7%12.3%48.2%16.8%-0.5%14.6K-1.7M-6.8K0.5075.37N/AN/A7753852,3132,805
2016-04-14$13.70$12.5058.7%16.8%77.9%18.6%54.3%13.8%-0.1%20.5K-1.7M-7.5K1.2574.75N/AN/A3594482,6312,838
2016-04-15$13.53$12.5061.9%17.8%78.6%20.3%62.9%17.3%-8.3%16.9K-1.5M-8.0K0.9080.20N/AN/A2842562,7012,962
2016-04-18$14.33$12.5047.6%13.6%78.1%12.8%58.4%21.2%4.6%23.4K-1.4M-7.9K0.8088.70N/AN/A3973192,3152,476
2016-04-19$14.54$12.5053.1%15.2%77.3%15.7%63.9%7.4%-1.7%34.0K-1.7M-9.2K0.9283.42N/AN/A3463202,6432,402
2016-04-20$14.56$12.5048.3%13.8%77.5%13.1%52.2%-1.1%2.6%38.0K-1.7M-8.8K1.8887.22N/AN/A1352542,6622,422
2016-04-21$14.33$12.5045.7%13.1%76.7%11.8%52.7%4.9%-9.5%36.5K-1.8M-8.6K1.1392.98N/AN/A1822052,6802,445
2016-04-22$15.32$12.5048.9%14.0%77.0%13.4%50.0%17.9%4.7%41.3K-2.1M-8.9K0.5689.44N/AN/A6523622,7392,443
2016-04-25$15.40$12.5056.0%16.1%77.2%17.2%60.3%-2.4%-2.9%45.3K-2.2M-8.7K1.2584.02N/AN/A3934932,7472,342
2016-04-26$15.11$12.5054.9%15.7%78.7%16.6%59.8%3.7%-1.1%38.7K-1.9M-9.4K1.3180.82N/AN/A3925152,7302,533
2016-04-27$15.40$12.5053.8%15.4%78.7%16.0%58.5%16.8%-2.9%37.1K-1.9M-9.4K1.7689.98N/AN/A2744832,6972,726
2016-04-28$15.52$12.5058.7%16.8%54.8%18.6%66.8%9.2%-12.9%34.8K-1.9M-9.7K1.8985.69N/AN/A2124012,7262,723
2016-04-29$15.52$12.5056.8%16.3%54.5%17.6%64.0%21.8%-7.9%39.5K-2.0M-8.8K0.4987.05N/AN/A3741842,7292,713