DLNG Options History — January 2020

In January 2020, DLNG traded between $2.00 and $2.12. ATM implied volatility averaged 70.2%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 46.8% (HV 20d: 23.4%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2020-01-03: Highest Volume — 192 contracts
  • 2020-01-16: Largest IV spike — 115.6% change
  • 2020-01-14: Highest IV Rank — 69.2%
  • 2020-01-16: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.05$2.00$2.12$2.12$2.00
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV70.2%38.7%139.6%52.0%87.6%
Expected Move15.5%11.1%25.2%14.9%25.1%
HV 20d23.4%11.4%38.9%38.1%13.8%
HV 60d40.3%33.4%52.6%52.6%33.6%
IV Rank21.7%0.2%69.2%9.3%33.6%
IV Percentile31.7%0.8%92.9%7.9%53.2%
Term Structure-4.1%-58.3%38.2%-3.6%-18.8%
VWIV62.6%49.6%89.4%55.9%60.1%
Bid-Ask Spread %85.9011.52135.5819.24119.93
Gamma HHI1.000.981.000.991.00
Net GEX1.1K3662.3K2.3K430
Net DEX69.7K53.1K102.2K70.1K68.2K
Net VEX-280-411-141-336-148
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.007.190.382.00
Total Volume31.6670192180
Total OI2,2321,3083,0012,8901,348

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$2.12$2.5052.0%14.9%38.1%9.3%55.9%0.0%-3.6%2.3K70.1K-3360.3819.24N/AN/A1352,351539
2020-01-03$2.07$2.5058.6%16.8%38.9%13.8%62.8%0.0%-15.4%1.3K74.7K-2791.0064.59N/AN/A96962,353534
2020-01-06$2.06$2.5075.3%12.1%37.8%25.2%0.0%0.0%14.6%1.4K67.8K-2890.1060.92N/AN/A1012,319505
2020-01-07$2.07$2.5069.3%15.7%33.5%21.1%0.0%0.0%-7.4%1.5K59.8K-3280.0089.81N/AN/A002,321506
2020-01-08$2.04$2.50102.5%13.6%33.5%43.9%0.0%0.0%-8.2%1.4K68.0K-2730.0089.15N/AN/A002,321506
2020-01-09$2.05$2.5074.6%12.7%32.4%24.8%0.0%0.0%2.6%1.4K64.7K-2997.1987.70N/AN/A211512,321506
2020-01-10$2.06$2.5081.3%14.1%32.2%29.3%66.5%0.0%-4.0%1.1K79.5K-4110.0088.04N/AN/A012,342656
2020-01-13$2.05$2.50123.3%13.4%29.3%58.0%0.0%0.0%-4.9%1.1K84.2K-3730.0090.16N/AN/A3302,342657
2020-01-14$2.04$2.50139.6%11.4%20.1%69.2%0.0%0.0%-5.3%1.1K85.3K-3530.0088.00N/AN/A002,343657
2020-01-15$2.05$2.5040.8%11.7%18.8%1.6%0.0%0.0%-5.5%986102.2K-2760.0098.19N/AN/A502,343657
2020-01-16$2.05$2.5087.8%25.2%18.1%33.8%0.0%0.0%-58.3%1.1K83.6K-3720.00120.09N/AN/A01002,344657
2020-01-17$2.05$2.5073.9%21.2%18.0%24.3%89.4%0.0%-29.1%97690.7K-2704.00117.84N/AN/A142,342588
2020-01-21$2.04$2.5044.0%12.6%18.0%3.8%49.6%0.0%7.2%36670.8K-1412.0061.35N/AN/A24893415
2020-01-22$2.05$2.5038.7%11.1%17.7%0.2%0.0%0.0%-10.9%96756.3K-2500.5011.52N/AN/A21891419
2020-01-23$2.05$2.5046.0%13.2%17.3%5.2%0.0%0.0%-11.3%91854.5K-2700.0092.74N/AN/A00891418
2020-01-24$2.05$2.5046.8%13.4%17.3%5.7%53.9%0.0%38.2%93162.3K-2110.3393.99N/AN/A31891418
2020-01-27$2.05$2.5049.5%14.2%17.0%7.6%0.0%0.0%-13.3%89955.4K-2440.0087.72N/AN/A70894418
2020-01-28$2.05$2.5050.5%14.5%14.4%8.3%0.0%0.0%-13.8%91759.1K-2230.0093.46N/AN/A20894418
2020-01-29$2.05$2.5051.6%14.8%13.5%9.0%0.0%0.0%29.7%1.0K53.1K-2610.0093.92N/AN/A460896418
2020-01-30$2.05$2.5080.1%23.0%11.4%28.5%60.1%0.0%30.7%1.0K53.5K-2632.00135.58N/AN/A2040922418
2020-01-31$2.00$2.5087.6%25.1%13.8%33.6%0.0%0.0%-18.8%43068.2K-1480.00119.93N/AN/A00930418