DLNG Options History — January 2018

In January 2018, DLNG traded between $11.46 and $12.50. ATM implied volatility averaged 29.2%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 16.3% (HV 20d: 45.5%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2018-01-09: Highest Volume — 1,100 contracts
  • 2018-01-30: Largest IV spike — 46.4% change
  • 2018-01-03: Highest IV Rank — 39.8%
  • 2018-01-03: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.86$11.46$12.50$11.79$11.62
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV29.2%21.3%36.7%29.2%28.2%
Expected Move7.9%6.0%10.5%8.4%8.1%
HV 20d45.5%31.7%52.0%48.2%31.7%
HV 60d37.6%35.5%38.4%35.5%38.3%
IV Rank24.4%8.5%39.8%25.1%22.3%
IV Percentile49.8%5.6%86.5%51.2%44.8%
Term Structure4.1%-4.9%19.0%10.0%6.8%
VWIV29.3%20.8%41.9%25.3%30.8%
Skew 25d7.3%-15.2%108.3%21.9%4.9%
Skew 10d4.8%-14.5%144.5%20.8%-0.4%
Call IV 25d28.9%22.2%41.2%26.0%28.0%
Put IV 25d36.2%21.4%130.5%48.0%32.9%
Bid-Ask Spread %85.4721.27113.5021.2793.97
Gamma HHI0.430.370.750.380.39
Net GEX5.3K-6.0K26.2K-1.5K2.3K
Net DEX680.4K276.9K1.3M656.9K659.2K
Net VEX-6.5K-7.3K-4.5K-6.2K-6.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.263.150.261.40
Total Volume526.7142111,100814226
Total OI4,0863,4984,7143,8413,790

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$11.79$12.5029.2%8.4%48.2%25.1%25.3%21.9%10.0%-1.5K656.9K-6.2K0.2621.27N/AN/A6461681,9231,918
2018-01-03$11.75$12.5036.7%10.5%47.1%39.8%41.9%-15.2%-0.5%-1.1K754.7K-5.6K0.4282.23N/AN/A4541912,0241,949
2018-01-04$12.42$12.5028.0%6.5%52.0%22.8%22.4%108.3%4.0%22.9K276.9K-4.9K0.6293.71N/AN/A5023122,1201,950
2018-01-05$12.18$12.5033.9%7.1%50.6%34.3%25.1%-2.7%3.8%12.6K519.6K-6.5K0.6821.61N/AN/A4132802,1631,998
2018-01-08$12.50$12.5032.2%6.9%47.5%31.1%25.7%-5.5%3.6%26.2K341.9K-4.5K0.71104.56N/AN/A5243712,1902,027
2018-01-09$12.17$12.5033.3%6.0%47.1%32.5%32.5%-1.8%3.3%12.5K660.7K-6.7K0.6786.25N/AN/A6604402,1742,165
2018-01-10$12.02$12.5026.7%7.6%45.8%19.3%26.8%0.5%4.3%12.8K659.3K-7.2K0.6287.19N/AN/A3442132,1622,294
2018-01-11$11.89$12.5029.2%8.4%45.9%24.3%29.9%-2.0%3.4%8.8K692.0K-7.1K0.7980.68N/AN/A2642092,1772,287
2018-01-12$11.69$12.5031.4%9.0%46.3%28.6%30.1%1.9%2.5%5.9K842.2K-6.7K0.93105.28N/AN/A2992792,1792,286
2018-01-16$11.46$12.5034.2%9.8%46.0%34.2%33.6%-3.5%-4.9%-4601.0M-6.1K1.23103.20N/AN/A2863512,1962,295
2018-01-17$11.57$12.5021.3%6.1%46.2%8.5%20.8%23.0%15.7%-3.2K1.0M-6.8K1.1696.22N/AN/A2532932,2112,397
2018-01-18$11.65$12.5027.2%7.8%45.6%20.3%29.8%-6.4%1.7%-3.9K1.1M-6.6K1.2299.20N/AN/A2102572,2172,469
2018-01-19$11.57$12.5028.7%8.2%45.4%23.4%32.2%-9.5%-1.0%-6.0K1.3M-6.1K1.1994.62N/AN/A2603102,2272,487
2018-01-22$11.86$12.5022.8%6.5%46.3%11.6%22.4%-1.0%0.5%2.2K579.1K-6.7K1.2225.84N/AN/A1702081,5381,960
2018-01-23$11.95$12.5027.9%8.0%46.4%21.7%38.6%18.6%19.0%-882487.9K-7.2K3.15106.20N/AN/A662081,5951,950
2018-01-24$11.93$12.5028.8%8.3%44.1%23.5%28.9%0.2%2.7%1.4K488.5K-7.2K2.5399.81N/AN/A912301,6241,950
2018-01-25$11.89$12.5024.8%7.1%44.1%15.4%25.1%-6.4%3.6%4.0K486.7K-7.1K1.0674.96N/AN/A2012141,6541,980
2018-01-26$11.92$12.5032.1%9.2%42.3%30.2%32.2%1.5%-1.7%9.3K439.7K-7.3K1.2898.77N/AN/A1031321,7721,981
2018-01-29$11.75$12.5022.6%6.5%42.8%11.2%23.4%16.6%9.1%5.5K615.8K-6.8K1.65105.74N/AN/A801321,7871,968
2018-01-30$11.48$12.5033.1%9.5%43.1%32.1%38.0%9.2%0.5%1.5K629.7K-6.7K1.67113.50N/AN/A791321,8041,968
2018-01-31$11.62$12.5028.2%8.1%31.7%22.3%30.8%4.9%6.8%2.3K659.2K-6.6K1.4093.97N/AN/A941321,8221,968