DLNG Options History — December 2018

In December 2018, DLNG traded between $3.02 and $4.57. ATM implied volatility averaged 83.4%, placing in the 70.6% IV rank vs the trailing year. The 30-day expected move averaged 23.7%. IV traded below realized volatility by 4.6% (HV 20d: 88.0%). Max pain ranged from $2.50 to $7.50. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.36.

Notable Days

  • 2018-12-12: Highest Volume — 443 contracts
  • 2018-12-18: Largest IV spike — 87.6% change
  • 2018-12-05: Highest IV Rank — 100.0%
  • 2018-12-26: Largest Expected Move — 49.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.67$3.02$4.57$4.57$3.36
Max Pain$6.75$2.50$7.50$2.50$7.50
ATM IV83.4%41.7%170.8%69.4%61.3%
Expected Move23.7%12.0%49.0%19.9%17.6%
HV 20d88.0%75.8%97.0%90.5%75.8%
HV 60d67.4%62.3%73.2%62.3%73.2%
IV Rank70.6%16.4%100.0%81.5%27.8%
IV Percentile91.9%61.1%100.0%96.4%88.1%
Term Structure4.3%-87.9%62.2%-7.3%62.2%
VWIV88.8%37.5%165.2%69.9%163.9%
Skew 25d-18.1%-94.6%43.9%7.0%43.9%
Skew 10d-24.5%-120.4%34.8%15.8%24.2%
Call IV 25d93.3%37.5%175.8%58.2%46.0%
Put IV 25d75.2%42.2%106.8%65.2%89.9%
Bid-Ask Spread %77.8358.69101.1278.97101.12
Gamma HHI0.440.261.000.620.37
Net GEX902-8653.6K3.6K1.2K
Net DEX361.3K265.3K479.6K322.3K300.1K
Net VEX-1.8K-2.6K-6-2.5K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.001.670.000.01
Total Volume235.838443178163
Total OI5,987.35,5226,4735,5226,102

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$4.57$2.5069.4%19.9%90.5%81.5%69.9%7.0%-7.3%3.6K322.3K-2.5K0.0078.97N/AN/A17803,5621,960
2018-12-04$4.34$2.5060.5%17.3%90.4%67.0%60.5%-10.8%-6.2%2.8K350.1K-2.3K0.9490.12N/AN/A51483,6371,960
2018-12-05$4.33$2.5094.4%27.1%90.8%100.0%94.4%-1.9%10.6%3.0K265.3K-2.6K0.9499.90N/AN/A51483,6371,960
2018-12-06$4.16$7.5079.6%16.6%89.2%80.4%60.0%-11.6%5.0%1.9K400.6K-2.0K0.2061.70N/AN/A56113,6761,987
2018-12-07$4.30$7.5084.9%16.8%92.0%87.4%37.5%30.5%32.2%2.2K390.9K-2.0K0.7884.60N/AN/A76593,6842,017
2018-12-10$3.87$7.5060.5%27.0%94.9%54.9%0.0%8.7%26.1%-428431.0K-1.8K0.0279.64N/AN/A12523,7032,017
2018-12-11$3.90$7.5090.0%25.5%96.1%94.2%165.2%21.6%30.1%104436.4K-1.9K0.1060.67N/AN/A380393,8172,015
2018-12-12$3.84$7.5084.4%24.2%96.3%86.6%0.0%12.0%34.7%-865366.7K-1.8K0.1080.20N/AN/A404394,1322,049
2018-12-13$3.86$7.50107.3%30.8%97.0%100.0%78.3%-9.5%-6.7%814282.9K-2.2K0.1068.87N/AN/A350354,1722,049
2018-12-14$3.77$7.5096.7%27.7%95.7%88.0%0.0%-89.5%28.4%-600312.2K-2.0K0.1067.69N/AN/A358354,2442,021
2018-12-17$3.43$7.5058.3%16.7%90.7%44.3%0.0%-71.0%17.7%-370367.5K-1.4K0.1176.69N/AN/A235274,3442,013
2018-12-18$3.23$7.50109.4%31.4%86.8%100.0%148.5%-75.0%-87.9%570389.3K-1.7K0.4390.42N/AN/A82354,1452,036
2018-12-19$3.33$7.5045.9%13.1%80.8%29.5%45.8%-94.6%9.8%241353.2K-1.8K0.2583.09N/AN/A203504,2292,029
2018-12-20$3.18$7.5041.7%12.0%81.2%24.9%49.9%-76.2%56.3%-135426.2K-1.2K1.6780.66N/AN/A671124,4242,024
2018-12-21$3.17$7.5072.2%20.7%81.5%58.8%83.0%-1.9%24.8%519344.0K-1.7K0.6382.00N/AN/A2101334,4692,004
2018-12-24$3.02$7.50108.4%31.1%80.7%98.9%108.3%-24.5%-58.7%0479.6K-60.5958.69N/AN/A2121263,8401,976
2018-12-26$3.29$7.50170.8%49.0%87.8%100.0%78.5%15.8%-46.7%1.2K328.6K-1.8K0.1566.61N/AN/A3353,8661,981
2018-12-27$3.17$7.50127.9%36.7%85.1%71.7%163.9%-40.3%-68.8%1.1K318.8K-1.8K0.0270.09N/AN/A33163,8821,981
2018-12-28$3.38$7.5044.2%12.7%75.9%16.4%0.0%5.4%31.1%1.2K360.7K-1.6K0.0574.87N/AN/A324174,1211,981
2018-12-31$3.36$7.5061.3%17.6%75.8%27.8%0.0%43.9%62.2%1.2K300.1K-2.1K0.01101.12N/AN/A16214,1211,981