DLNG Options History — July 2020

In July 2020, DLNG traded between $3.05 and $3.67. ATM implied volatility averaged 100.0%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded below realized volatility by 11.3% (HV 20d: 111.3%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2020-07-15: Highest Volume — 461 contracts
  • 2020-07-02: Largest IV spike — 70.5% change
  • 2020-07-14: Highest IV Rank — 56.0%
  • 2020-07-02: Largest Expected Move — 40.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.36$3.05$3.67$3.46$3.14
Max Pain$2.73$2.50$5.00$2.50$2.50
ATM IV100.0%47.7%154.4%82.8%67.9%
Expected Move25.1%13.7%40.5%23.7%19.5%
HV 20d111.3%83.3%143.2%143.1%84.6%
HV 60d100.2%98.3%102.7%99.2%102.1%
IV Rank29.7%4.4%56.0%21.3%14.1%
IV Percentile43.7%3.2%88.1%24.2%14.7%
Term Structure15.1%-53.4%57.9%-15.1%37.3%
VWIV114.3%48.8%143.5%117.9%138.4%
Bid-Ask Spread %40.5913.04119.3613.0443.54
Gamma HHI0.450.350.570.400.43
Net GEX2.4K8094.1K2.0K2.4K
Net DEX-418.3K-670.2K-190.6K-574.9K-190.6K
Net VEX-922-1.3K-425-940-892
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.002.910.000.00
Total Volume84.0451461931
Total OI2,985.3182,2943,6073,4092,527

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$3.46$2.5082.8%23.7%143.1%21.3%0.0%0.0%-15.1%2.0K-574.9K-9400.0013.04N/AN/A9302,992417
2020-07-02$3.38$2.50141.2%40.5%143.2%49.6%117.9%0.0%-20.2%2.1K-563.5K-9450.0037.76N/AN/A1603,046417
2020-07-06$3.54$5.00143.9%23.5%135.1%50.9%116.2%0.0%28.5%2.8K-630.3K-1.1K1.4652.27N/AN/A851243,049417
2020-07-07$3.67$5.00141.3%25.6%134.3%49.6%61.1%0.0%57.9%2.9K-670.2K-1.2K0.0946.81N/AN/A3533,051417
2020-07-08$3.31$2.50138.6%29.7%136.9%48.3%117.9%0.0%9.4%2.6K-568.9K-1.0K0.0130.61N/AN/A29543,078420
2020-07-09$3.28$2.50108.1%31.0%137.1%33.6%0.0%0.0%3.7%2.1K-552.0K-9780.1931.27N/AN/A2653,113434
2020-07-10$3.59$2.50124.6%26.4%128.6%41.6%100.0%0.0%32.2%3.1K-652.6K-1.2K0.0044.10N/AN/A3603,119430
2020-07-13$3.41$2.50129.8%27.1%126.5%44.1%115.5%0.0%12.6%3.0K-604.2K-1.1K0.7035.69N/AN/A1073,119430
2020-07-14$3.46$2.50154.4%26.9%120.2%56.0%120.5%0.0%23.8%3.0K-507.9K-1.1K2.9144.99N/AN/A11322,815434
2020-07-15$3.52$2.50125.4%36.0%113.3%42.0%138.4%0.0%-8.2%3.1K-530.1K-1.2K0.1948.09N/AN/A389722,857457
2020-07-16$3.64$2.5096.9%27.8%113.6%28.2%96.2%0.0%26.7%4.1K-590.6K-1.3K0.2734.47N/AN/A59163,146452
2020-07-17$3.51$2.5072.4%20.8%107.5%16.3%128.8%0.0%27.5%4.0K-544.8K-1.3K0.1318.34N/AN/A123163,140467
2020-07-20$3.40$2.5073.0%20.9%107.2%16.6%124.0%0.0%35.9%3.7K-276.1K-1.2K0.3626.78N/AN/A47172,057237
2020-07-21$3.25$2.5079.8%22.9%105.8%19.9%121.8%0.0%-3.9%3.4K-234.4K-1.1K0.0118.13N/AN/A7812,065254
2020-07-22$3.05$2.5052.1%14.9%89.0%6.5%48.8%0.0%56.5%937-205.9K-4250.2166.56N/AN/A1942,122254
2020-07-23$3.20$2.5047.7%13.7%89.2%4.4%137.5%0.0%53.4%873-222.1K-4540.0032.93N/AN/A902,124258
2020-07-24$3.18$2.5061.5%17.6%88.7%11.0%89.0%0.0%37.6%1.1K-222.8K-4730.0037.11N/AN/A1102,121258
2020-07-27$3.13$2.5057.4%16.4%88.4%9.0%142.7%0.0%36.6%2.4K-198.7K-8662.7918.26N/AN/A19532,120258
2020-07-28$3.08$2.5093.3%26.8%88.4%26.4%143.5%0.0%1.3%1.5K-204.0K-5260.0848.38N/AN/A1212,121311
2020-07-29$3.44$2.50104.2%29.9%84.7%31.7%0.0%0.0%-53.4%809-221.0K-4480.06119.36N/AN/A1612,122312
2020-07-30$3.30$2.50104.0%29.8%83.3%31.6%138.4%0.0%-48.3%2.0K-236.6K-5730.0144.49N/AN/A10212,127312
2020-07-31$3.14$2.5067.9%19.5%84.6%14.1%0.0%0.0%37.3%2.4K-190.6K-8920.0043.54N/AN/A102,215312