DLNG Options History — August 2018

In August 2018, DLNG traded between $8.78 and $9.16. ATM implied volatility averaged 36.7%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 2.4% (HV 20d: 34.3%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.16.

Notable Days

  • 2018-08-01: Highest Volume — 1,236 contracts
  • 2018-08-15: Largest IV drop — 69.5% change
  • 2018-08-14: Highest IV Rank — 94.0%
  • 2018-08-29: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.96$8.78$9.16$8.85$8.95
Max Pain$9.67$7.50$10.00$7.50$10.00
ATM IV36.7%21.8%76.2%37.4%28.3%
Expected Move8.0%5.9%10.8%10.7%8.1%
HV 20d34.3%15.0%40.5%40.5%15.0%
HV 60d29.9%28.3%30.8%30.3%28.4%
IV Rank30.0%5.9%94.0%31.2%16.5%
IV Percentile47.4%4.8%99.6%65.1%25.4%
Term Structure5.0%-16.5%14.5%-7.3%4.6%
VWIV30.7%15.6%57.8%37.3%24.4%
Skew 25d3.3%-10.2%14.6%9.1%-3.8%
Skew 10d3.4%-13.8%14.7%8.1%-5.2%
Call IV 25d24.8%17.3%36.8%26.9%31.7%
Put IV 25d28.0%21.7%42.1%36.0%27.9%
Bid-Ask Spread %49.7621.34106.2351.1625.27
Gamma HHI0.550.490.650.490.58
Net GEX13.7K-5.0K30.2K-5.0K19.1K
Net DEX-48.8K-288.0K116.1K20.2K402
Net VEX-3.5K-4.8K-3.0K-4.3K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.192.610.191.09
Total Volume523.6963041,2361,236834
Total OI4,566.6964,1814,7924,1814,558

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$8.85$7.5037.4%10.7%40.5%31.2%37.3%9.1%-7.3%-5.0K20.2K-4.3K0.1951.16N/AN/A1,0362001,6842,497
2018-08-02$8.92$7.5036.8%10.6%39.4%30.3%52.1%4.5%-16.5%2.5K19.2K-4.0K1.0375.27N/AN/A1811862,1202,561
2018-08-03$9.10$7.5029.1%8.3%39.7%17.8%31.7%-0.8%-10.1%18.1K-78.5K-3.2K0.6625.56N/AN/A3432262,1312,506
2018-08-06$9.16$10.0034.4%6.7%39.7%26.3%18.5%7.0%10.1%30.2K-288.0K-3.7K0.6686.82N/AN/A3452262,1452,526
2018-08-07$9.00$10.0034.1%8.3%40.3%25.9%29.2%-8.0%-5.4%13.9K-103.3K-3.8K0.8543.55N/AN/A2742322,1392,526
2018-08-08$9.04$10.0048.9%5.9%36.2%49.8%15.6%2.2%7.6%22.2K-116.9K-3.5K0.9763.74N/AN/A2402322,2142,536
2018-08-09$9.09$10.0051.6%5.9%35.8%54.2%18.0%-1.1%6.3%24.4K-184.4K-3.6K1.1755.95N/AN/A1892222,2402,536
2018-08-10$9.05$10.0057.0%8.3%36.0%62.9%26.5%-1.4%-0.9%22.5K-167.6K-3.7K1.3951.55N/AN/A2052842,2662,526
2018-08-13$8.95$10.0066.8%6.0%36.0%78.7%17.8%-0.4%10.4%12.2K-73.3K-3.4K1.3935.87N/AN/A2052842,2662,426
2018-08-14$8.93$10.0076.2%6.2%35.7%94.0%28.9%4.1%13.9%7.4K-49.1K-3.8K1.4528.99N/AN/A2052972,2762,426
2018-08-15$8.99$10.0023.2%6.7%35.7%8.3%17.9%1.3%10.6%9.0K-17.5K-3.6K1.4562.73N/AN/A2052972,2762,456
2018-08-16$8.83$10.0025.5%7.3%36.6%11.9%20.2%-2.1%10.7%2.9K53.3K-3.5K1.2630.97N/AN/A2352972,2762,456
2018-08-17$8.78$10.0034.4%9.9%36.6%26.4%52.1%7.9%14.5%-2.1K116.1K-3.4K0.9386.24N/AN/A2172022,3032,456
2018-08-20$8.91$10.0025.9%7.4%36.2%12.7%35.9%4.6%10.5%9.1K-19.5K-3.5K0.9231.58N/AN/A1581461,9392,247
2018-08-21$8.90$10.0022.1%6.3%36.0%6.4%27.8%9.8%11.2%9.1K38.0K-3.1K0.9628.05N/AN/A1581521,9412,245
2018-08-22$8.96$10.0028.1%8.0%36.0%16.1%20.0%13.1%5.9%13.2K12.5K-3.0K0.4550.41N/AN/A3931771,9412,251
2018-08-23$8.87$10.0035.4%10.1%36.5%28.0%34.6%-10.2%-6.5%10.9K28.7K-3.5K0.7486.28N/AN/A2401782,1802,281
2018-08-24$8.84$10.0025.9%7.4%36.3%12.6%22.6%-0.5%6.5%7.5K-63.8K-4.8K0.9721.34N/AN/A1791742,2512,282
2018-08-27$8.94$10.0032.6%9.3%36.2%23.4%47.3%8.8%10.3%15.6K-49.2K-3.5K0.9732.37N/AN/A1791742,2652,283
2018-08-28$9.05$10.0030.2%8.7%35.1%19.5%43.7%10.7%9.8%23.9K-73.5K-3.2K2.41106.23N/AN/A1844442,2702,283
2018-08-29$9.02$10.0037.6%10.8%16.5%31.6%57.8%14.6%9.1%23.7K-60.0K-3.1K2.6141.70N/AN/A1634262,2592,258
2018-08-30$9.04$10.0021.8%6.2%16.3%5.9%26.0%5.8%9.1%24.4K-66.2K-3.0K2.1822.84N/AN/A1954262,2742,256
2018-08-31$8.95$10.0028.3%8.1%15.0%16.5%24.4%-3.8%4.6%19.1K402-3.0K1.0925.27N/AN/A3994352,3022,256