DLNG Options History — April 2020

In April 2020, DLNG traded between $1.01 and $1.84. ATM implied volatility averaged 131.8%, placing in the 59.9% IV rank vs the trailing year. The 30-day expected move averaged 37.0%. IV traded above realized volatility by 37.8% (HV 20d: 93.9%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.33.

Notable Days

  • 2020-04-27: Highest Volume — 397 contracts
  • 2020-04-22: Largest IV spike — 133.3% change
  • 2020-04-03: Highest IV Rank — 91.2%
  • 2020-04-22: Largest Expected Move — 51.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.42$1.01$1.84$1.01$1.69
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV131.8%76.8%180.5%125.2%112.4%
Expected Move37.0%22.0%51.4%33.8%32.2%
HV 20d93.9%68.5%134.0%131.6%77.6%
HV 60d90.5%82.7%98.1%82.7%98.1%
IV Rank59.9%24.6%91.2%55.8%47.5%
IV Percentile75.3%27.4%99.2%77.8%64.3%
Term Structure21.7%-45.4%107.5%11.4%22.2%
Bid-Ask Spread %113.2557.22167.7464.77101.58
Gamma HHI1.000.971.001.001.00
Net GEX23301.1K0493
Net DEX32.1K-49.0K52.3K38.8K24.7K
Net VEX-59-41900-106
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.0013.000.000.00
Total Volume34.5240397015
Total OI2,134.4761,5432,5122,4371,920

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$1.01$2.50125.2%0.0%131.6%55.8%0.0%0.0%0.0%038.8K00.0064.77N/AN/A002,053384
2020-04-02$1.06$0.00100.3%0.0%134.0%39.7%0.0%0.0%0.0%040.7K00.00129.91N/AN/A3502,053384
2020-04-03$1.10$0.00180.5%0.0%133.9%91.2%0.0%0.0%0.0%042.2K00.00135.29N/AN/A002,088384
2020-04-06$1.14$0.00179.1%33.8%126.4%90.3%0.0%0.0%11.4%1942.9K-100.0077.85N/AN/A002,088384
2020-04-07$1.13$0.00176.2%50.5%126.3%88.5%0.0%0.0%-45.4%143.4K00.00132.52N/AN/A002,088384
2020-04-08$1.13$0.00128.4%36.8%125.3%57.8%0.0%0.0%-35.7%043.4K00.0082.61N/AN/A3002,088384
2020-04-09$1.15$0.00121.7%34.9%95.8%53.5%0.0%0.0%6.4%041.4K00.00103.29N/AN/A01502,129360
2020-04-13$1.16$0.00130.2%37.3%81.4%58.9%0.0%0.0%-19.4%041.8K00.0099.70N/AN/A2402,129360
2020-04-14$1.31$0.00113.2%32.5%92.5%48.0%0.0%0.0%83.5%3444.4K-193.00149.21N/AN/A262,143356
2020-04-15$1.40$0.00107.8%0.0%93.5%44.6%0.0%0.0%0.0%5248.5K-140.00163.70N/AN/A1302,143356
2020-04-16$1.37$0.00118.7%34.0%74.3%51.5%0.0%0.0%-26.4%4046.0K-220.00133.45N/AN/A002,156356
2020-04-17$1.50$0.0099.6%28.5%72.4%39.3%0.0%0.0%25.3%3952.3K-130.00100.37N/AN/A1202,156356
2020-04-20$1.58$2.50151.4%43.4%73.6%72.6%0.0%0.0%0.0%1.0K-49.0K-4190.0081.67N/AN/A101,350193
2020-04-21$1.60$2.5076.8%22.0%68.9%24.6%0.0%0.0%107.5%1.1K-7.9K-3020.00109.76N/AN/A001,351193
2020-04-22$1.62$2.50179.1%51.4%68.5%90.4%0.0%0.0%0.0%5529.9K-160.00145.46N/AN/A701,351193
2020-04-23$1.84$2.50151.6%43.5%78.5%72.7%0.0%0.0%32.8%51830.6K-5413.00115.16N/AN/A2261,353193
2020-04-24$1.75$2.50167.8%48.1%82.9%83.1%0.0%0.0%54.7%5535.8K-40.00167.74N/AN/A501,355206
2020-04-27$1.75$2.5096.3%27.6%82.9%37.2%0.0%0.0%28.2%9134.5K-180.00108.67N/AN/A39701,358206
2020-04-28$1.78$2.50110.5%31.7%76.6%46.3%0.0%0.0%45.6%65324.4K-1270.00118.26N/AN/A001,714206
2020-04-29$1.79$2.50140.1%40.2%75.2%65.3%0.0%0.0%34.4%66126.5K-1160.0057.22N/AN/A001,714206
2020-04-30$1.69$2.50112.4%32.2%77.6%47.5%0.0%0.0%22.2%49324.7K-1060.00101.58N/AN/A1501,714206