DLNG Options History — March 2019

In March 2019, DLNG traded between $2.19 and $2.67. ATM implied volatility averaged 59.7%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 25.5% (HV 20d: 34.2%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.06.

Notable Days

  • 2019-03-07: Highest Volume — 818 contracts
  • 2019-03-29: Largest IV spike — 39.4% change
  • 2019-03-26: Highest IV Rank — 37.1%
  • 2019-03-27: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.42$2.19$2.67$2.54$2.26
Max Pain$3.24$2.50$5.00$2.50$2.50
ATM IV59.7%38.8%75.5%56.7%67.3%
Expected Move17.2%11.1%20.4%16.3%16.0%
HV 20d34.2%22.2%59.7%23.5%59.7%
HV 60d85.9%82.4%89.1%89.1%82.4%
IV Rank26.7%12.9%37.1%24.7%31.7%
IV Percentile70.6%36.9%86.1%69.0%79.8%
Term Structure-1.1%-10.7%17.7%-0.6%-0.3%
VWIV58.5%41.0%71.3%57.1%55.5%
Skew 25d-6.5%-14.1%8.5%-5.3%8.5%
Skew 10d-13.5%-27.0%-1.8%-8.0%-17.3%
Call IV 25d69.5%49.2%84.2%60.2%69.6%
Put IV 25d63.0%47.4%78.1%54.9%78.1%
Bid-Ask Spread %71.8531.07107.3183.0976.76
Gamma HHI0.600.460.820.730.50
Net GEX766-1613.5K59959
Net DEX311.6K216.2K397.5K337.4K360.7K
Net VEX-1.8K-2.3K-1.2K-1.4K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.005.270.624.65
Total Volume270.61921818190209
Total OI7,759.816,7688,4666,7688,156

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$2.54$2.5056.7%16.3%23.5%24.7%57.1%-5.3%-0.6%599337.4K-1.4K0.6283.09N/AN/A117734,0082,760
2019-03-04$2.56$2.5070.0%20.1%23.6%33.5%0.0%-3.4%-7.6%300334.1K-1.4K1.4585.37N/AN/A22324,0072,780
2019-03-05$2.51$2.5052.3%15.0%24.2%21.8%52.6%-5.2%-4.8%412336.2K-1.3K0.3087.00N/AN/A138424,0292,800
2019-03-06$2.41$2.5054.0%15.5%27.1%23.0%47.8%-6.1%-5.0%-161377.2K-1.3K0.1331.07N/AN/A100133,9802,800
2019-03-07$2.36$2.5038.8%11.1%24.3%12.9%41.0%-4.8%-4.9%-140397.5K-1.2K0.0237.01N/AN/A805133,9812,804
2019-03-08$2.36$2.5041.5%11.9%22.2%14.7%43.8%-3.4%-8.8%636353.0K-1.6K0.1435.36N/AN/A520714,6712,804
2019-03-11$2.39$5.0057.1%16.7%22.2%24.9%51.6%-5.0%-7.4%782334.7K-1.9K0.1158.79N/AN/A589665,0582,867
2019-03-12$2.45$5.0062.3%18.1%24.3%28.4%63.1%-7.1%0.7%3.5K230.6K-2.3K0.1076.27N/AN/A509505,6442,822
2019-03-13$2.42$5.0068.3%18.3%24.6%32.4%63.8%-4.5%-4.6%2.4K276.5K-2.2K0.1259.11N/AN/A511605,4962,872
2019-03-14$2.44$5.0060.8%18.3%24.8%27.4%63.6%-8.4%2.9%3.3K268.5K-2.2K0.3076.09N/AN/A203605,4982,862
2019-03-15$2.47$5.0057.6%17.7%25.2%25.3%61.6%-10.4%4.1%757314.2K-2.1K0.4580.75N/AN/A155705,4982,862
2019-03-18$2.49$0.0059.9%17.6%25.2%26.8%0.0%-11.0%1.6%709254.5K-2.1K0.00107.31N/AN/A2105,1732,667
2019-03-19$2.48$0.0056.3%17.8%25.3%24.5%0.0%-8.8%8.6%780251.6K-2.1K5.2796.63N/AN/A221165,1842,667
2019-03-20$2.56$0.0056.8%17.9%27.6%24.8%0.0%-14.1%5.5%62244.7K-2.2K0.8996.99N/AN/A1281145,1862,792
2019-03-21$2.67$0.0062.3%18.1%30.5%28.4%63.3%-8.5%2.6%122216.2K-2.3K0.1257.09N/AN/A249305,1672,795
2019-03-22$2.34$2.5065.2%17.9%56.4%30.3%62.3%-10.5%-3.4%454296.7K-2.0K0.1975.24N/AN/A172335,2582,806
2019-03-25$2.31$2.5073.9%18.3%56.5%36.0%64.1%-8.5%-9.8%342318.4K-1.8K4.4075.85N/AN/A20885,2672,807
2019-03-26$2.31$2.5075.5%18.5%56.5%37.1%64.8%-8.7%-10.7%440318.9K-1.8K0.2067.67N/AN/A2045,2792,765
2019-03-27$2.30$2.5068.7%20.4%56.5%32.6%71.3%-9.4%1.8%365338.2K-1.6K0.1970.85N/AN/A2145,2792,763
2019-03-28$2.19$2.5048.3%19.1%58.6%19.2%66.7%-1.8%17.7%383382.6K-1.4K2.6774.53N/AN/A581555,2792,763
2019-03-29$2.26$2.5067.3%16.0%59.7%31.7%55.5%8.5%-0.3%59360.7K-1.6K4.6576.76N/AN/A371725,2832,873