DLNG Options History — August 2020

In August 2020, DLNG traded between $2.73 and $3.21. ATM implied volatility averaged 92.6%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 24.7%. IV traded above realized volatility by 33.3% (HV 20d: 59.3%). 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 17 of 21 days. Put/call ratio averaged 0.47.

Notable Days

  • 2020-08-10: Highest Volume — 289 contracts
  • 2020-08-07: Largest IV spike — 83.4% change
  • 2020-08-07: Highest IV Rank — 63.9%
  • 2020-08-27: Largest Expected Move — 30.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.04$2.73$3.21$3.17$2.73
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV92.6%68.5%170.7%90.0%88.1%
Expected Move24.7%19.6%30.5%25.8%25.2%
HV 20d59.3%37.1%82.8%82.8%38.9%
HV 60d100.5%95.5%101.9%101.9%95.5%
IV Rank26.1%14.4%63.9%24.8%23.9%
IV Percentile37.0%15.5%94.8%33.3%34.1%
Term Structure11.9%-39.4%31.3%7.9%23.5%
VWIV97.5%58.9%164.5%164.5%78.6%
Bid-Ask Spread %99.4370.80118.8370.8083.95
Gamma HHI0.420.350.490.430.49
Net GEX1.7K7012.7K2.7K2.2K
Net DEX-179.5K-207.3K-119.4K-195.1K-119.4K
Net VEX-607-898-367-898-688
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.008.330.038.33
Total Volume47.85712896856
Total OI2,460.191,8352,7962,5271,961

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$3.17$2.5090.0%25.8%82.8%24.8%164.5%0.0%7.9%2.7K-195.1K-8980.0370.80N/AN/A6622,215312
2020-08-04$3.16$2.5099.5%28.5%81.3%29.4%115.0%0.0%-39.4%1.2K-188.6K-4060.0072.75N/AN/A2002,276314
2020-08-05$3.09$2.5083.2%23.9%73.3%21.5%83.2%0.0%-3.9%2.3K-181.7K-8360.0099.76N/AN/A1902,289314
2020-08-06$3.12$2.5093.1%23.0%73.5%26.3%0.0%0.0%20.2%2.3K-186.9K-8350.0097.60N/AN/A702,305314
2020-08-07$3.14$2.50170.7%26.6%64.9%63.9%0.0%0.0%27.4%701-201.0K-4140.00108.72N/AN/A102,307314
2020-08-10$3.20$2.50103.8%24.5%63.3%31.5%0.0%0.0%29.2%737-201.0K-4080.0476.82N/AN/A279102,308314
2020-08-11$3.21$2.50116.9%25.1%63.0%37.8%105.2%0.0%16.2%2.4K-203.2K-8240.14101.40N/AN/A111152,311324
2020-08-12$3.06$2.5092.5%26.5%64.3%26.0%0.0%0.0%8.5%2.5K-183.5K-8170.00103.16N/AN/A502,366324
2020-08-13$3.00$2.5086.8%24.9%62.7%23.3%0.0%0.0%18.1%837-197.3K-4520.00107.59N/AN/A902,366324
2020-08-14$3.04$2.5091.5%26.2%62.3%25.6%0.0%0.0%-1.6%2.4K-165.7K-6690.0087.26N/AN/A1502,365324
2020-08-17$3.08$2.5076.3%21.9%62.0%18.2%0.0%0.0%23.0%791-199.8K-4280.00114.09N/AN/A602,377324
2020-08-18$3.08$2.5073.0%20.9%60.2%16.6%0.0%0.0%31.3%772-207.3K-4660.00112.42N/AN/A16102,379324
2020-08-19$3.00$2.5091.0%26.1%56.5%25.3%0.0%0.0%-28.2%768-186.3K-3810.50117.06N/AN/A20102,472324
2020-08-20$3.01$2.5083.3%23.9%53.5%21.6%0.0%0.0%11.8%751-189.9K-4290.0099.72N/AN/A202,452334
2020-08-21$2.88$2.5076.2%21.9%55.5%18.2%0.0%0.0%24.7%2.2K-142.8K-7350.10115.05N/AN/A1012,450334
2020-08-24$2.97$2.5086.6%24.8%56.7%23.2%90.4%0.0%12.2%2.3K-146.7K-7050.02101.92N/AN/A12221,562273
2020-08-25$3.04$2.5085.0%24.4%57.2%22.4%86.0%0.0%16.8%949-176.4K-3670.3199.87N/AN/A2991,652274
2020-08-26$3.01$2.5083.3%23.9%39.4%21.6%0.0%0.0%20.1%2.5K-167.7K-8010.00118.83N/AN/A0101,682273
2020-08-27$2.99$2.50106.3%30.5%37.1%32.7%95.9%0.0%1.8%941-191.4K-4700.00103.21N/AN/A101,682283
2020-08-28$2.84$2.5068.5%19.6%37.4%14.4%58.9%0.0%30.6%2.4K-138.5K-7220.0096.09N/AN/A701,683283
2020-08-31$2.73$2.5088.1%25.2%38.9%23.9%78.6%0.0%23.5%2.2K-119.4K-6888.3383.95N/AN/A6501,678283