DLNG Options History — February 2019

In February 2019, DLNG traded between $2.48 and $2.76. ATM implied volatility averaged 61.5%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded below realized volatility by 43.1% (HV 20d: 104.6%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 2.19.

Notable Days

  • 2019-02-06: Highest Volume — 538 contracts
  • 2019-02-27: Largest IV drop — 26.5% change
  • 2019-02-12: Highest IV Rank — 37.9%
  • 2019-02-12: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.55$2.48$2.76$2.76$2.50
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV61.5%41.9%76.8%66.6%49.5%
Expected Move17.8%12.0%22.0%19.3%14.2%
HV 20d104.6%22.4%127.0%127.0%22.4%
HV 60d98.2%89.0%102.9%102.7%89.0%
IV Rank27.8%15.0%37.9%31.2%20.0%
IV Percentile74.7%47.6%88.1%82.1%61.1%
Term Structure3.9%-6.6%17.6%4.1%5.9%
VWIV62.7%42.0%76.8%67.5%49.5%
Skew 25d6.5%-3.4%23.9%23.9%1.3%
Skew 10d8.8%-5.2%28.0%28.0%-1.1%
Call IV 25d61.4%57.9%66.6%60.1%60.1%
Put IV 25d67.9%54.8%84.1%84.1%61.5%
Bid-Ask Spread %75.6243.85117.7961.9994.23
Gamma HHI0.740.420.930.420.69
Net GEX-1.3K-4.9K1.1K-60582
Net DEX336.0K296.5K394.0K304.5K333.1K
Net VEX-1.5K-1.8K-1.3K-1.8K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.190.0013.783.120.55
Total Volume207.2634538400188
Total OI6,901.9476,2357,4976,7366,705

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$2.76$2.5066.6%19.3%127.0%31.2%67.5%23.9%4.1%-60304.5K-1.8K3.1261.99N/AN/A973034,4352,301
2019-02-04$2.75$2.5060.5%20.0%123.2%27.2%0.0%9.6%2.1%-1.4K325.7K-1.7K0.0092.60N/AN/A3804,4372,462
2019-02-05$2.70$2.5066.0%18.8%120.4%30.9%0.0%9.6%8.4%-1.4K328.4K-1.6K1.4285.07N/AN/A12174,4462,462
2019-02-06$2.59$2.5076.5%21.9%120.4%37.8%76.5%9.2%-0.7%-1.4K341.6K-1.5K10.4588.11N/AN/A474914,4502,453
2019-02-07$2.51$2.5071.5%20.5%120.0%34.5%71.5%11.5%0.2%-2.7K366.9K-1.6K13.7883.00N/AN/A364964,4712,798
2019-02-08$2.54$2.5064.3%18.4%120.7%29.7%64.2%11.1%7.8%-2.9K394.0K-1.5K4.3084.68N/AN/A964134,5552,799
2019-02-11$2.54$2.5075.4%21.6%120.9%37.1%75.4%9.1%-4.7%-2.6K373.3K-1.6K0.8388.90N/AN/A24204,5892,809
2019-02-12$2.53$2.5076.8%22.0%120.9%37.9%76.8%10.2%-5.8%-3.0K355.6K-1.7K1.1883.34N/AN/A17204,6122,800
2019-02-13$2.51$2.5065.4%18.7%118.2%30.4%65.4%10.5%6.5%-4.9K361.2K-1.6K2.3981.44N/AN/A18434,6132,800
2019-02-14$2.52$2.5061.5%17.6%118.3%27.9%61.5%10.4%10.8%-4.8K360.3K-1.6K0.5865.35N/AN/A79464,6292,790
2019-02-15$2.50$2.5063.4%18.2%118.4%29.2%71.6%5.9%-4.2%-1.5K346.8K-1.5K0.1273.08N/AN/A398464,7042,793
2019-02-19$2.50$2.5053.5%15.3%118.2%22.6%53.5%4.5%12.7%-765296.5K-1.6K0.4843.85N/AN/A123593,6572,578
2019-02-20$2.52$2.5059.6%17.1%118.6%26.6%59.6%0.8%0.5%-129323.1K-1.5K1.2246.78N/AN/A50613,7662,636
2019-02-21$2.48$2.5061.4%17.6%117.4%27.8%61.4%-3.1%-6.6%-28324.8K-1.5K0.5653.11N/AN/A108613,7812,638
2019-02-22$2.53$2.5046.6%13.3%118.1%18.0%46.6%2.9%17.6%255312.8K-1.4K0.0552.09N/AN/A205113,8412,638
2019-02-25$2.52$2.5050.3%14.4%118.3%20.5%0.0%0.8%12.6%725311.5K-1.4K0.0057.45N/AN/A403,9392,623
2019-02-26$2.50$2.5057.1%16.4%23.8%25.0%60.1%-3.4%-2.9%863315.6K-1.3K0.0083.85N/AN/A603,9422,623
2019-02-27$2.50$2.5041.9%12.0%22.5%15.0%42.0%-1.3%8.9%1.1K308.3K-1.4K0.50117.79N/AN/A2031023,9392,623
2019-02-28$2.50$2.5049.5%14.2%22.4%20.0%49.5%1.3%5.9%582333.1K-1.4K0.5594.23N/AN/A121673,9802,725