DLNG Options History — January 2021

In January 2021, DLNG traded between $2.38 and $2.95. ATM implied volatility averaged 86.4%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 12.7% (HV 20d: 73.7%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.95.

Notable Days

  • 2021-01-12: Highest Volume — 1,161 contracts
  • 2021-01-07: Largest IV spike — 60.2% change
  • 2021-01-12: Highest IV Rank — 48.6%
  • 2021-01-27: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.66$2.38$2.95$2.47$2.66
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV86.4%56.9%139.1%85.9%75.7%
Expected Move23.3%19.2%27.0%22.4%21.7%
HV 20d73.7%65.2%87.2%70.0%74.9%
HV 60d63.5%56.3%67.0%56.3%65.0%
IV Rank22.0%8.8%48.6%22.9%14.2%
IV Percentile36.5%4.0%83.3%40.5%18.3%
Term Structure11.7%-12.1%117.3%8.6%18.8%
VWIV81.1%68.7%102.8%78.2%68.7%
Bid-Ask Spread %78.1028.31111.6658.1683.81
Gamma HHI0.810.500.990.790.89
Net GEX2.3K5966.5K4.7K793
Net DEX-144.0K-376.4K-32.4K-93.9K-95.7K
Net VEX-749-882-604-882-760
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.0011.2511.250.03
Total Volume159.57911,1614932
Total OI2,661.9471,7953,5003,4811,931

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$2.47$2.5085.9%22.4%70.0%22.9%78.2%0.0%8.6%4.7K-93.9K-88211.2558.16N/AN/A4452,593888
2021-01-05$2.59$2.5056.9%23.2%70.9%8.8%78.9%0.0%-1.2%6.5K-178.6K-8750.0068.08N/AN/A5602,594883
2021-01-06$2.38$2.5063.5%24.1%76.8%12.0%84.0%0.0%2.2%5.7K-32.4K-7840.0492.62N/AN/A4522,597883
2021-01-07$2.50$2.50101.8%23.1%78.9%30.5%80.6%0.0%2.1%4.6K-113.2K-8020.0075.19N/AN/A3202,599885
2021-01-08$2.65$2.50118.8%22.4%81.5%38.8%77.7%0.0%3.0%4.3K-177.8K-7810.0092.73N/AN/A2102,597885
2021-01-11$2.57$2.5095.3%22.7%81.9%27.4%79.1%0.0%4.0%5.9K-159.7K-7580.0076.89N/AN/A10602,588885
2021-01-12$2.83$2.50139.1%23.1%87.2%48.6%81.0%0.0%7.0%708-376.4K-6040.3397.55N/AN/A8712902,615885
2021-01-13$2.73$2.5083.0%23.8%65.2%21.5%77.0%0.0%-7.8%2.2K-181.8K-6484.2599.81N/AN/A803402,243750
2021-01-14$2.95$2.5067.0%19.2%69.7%13.7%73.9%0.0%117.3%972-230.5K-7190.03111.66N/AN/A501132,244750
2021-01-15$2.92$2.5089.0%25.5%69.4%24.3%88.3%0.0%18.2%977-340.6K-6920.0089.20N/AN/A5302,554763
2021-01-19$2.88$2.5093.3%26.7%69.6%26.4%93.2%0.0%-3.8%1.1K-162.5K-6870.0228.31N/AN/A13021,263538
2021-01-20$2.72$2.5075.6%21.7%72.3%17.9%75.4%0.0%12.4%1.1K-109.1K-7650.0445.39N/AN/A11141,257538
2021-01-21$2.67$2.5081.7%23.4%73.0%20.8%81.9%0.0%5.8%1.4K-110.8K-7830.6361.62N/AN/A111701,362542
2021-01-22$2.69$2.5072.5%20.8%72.1%13.3%72.5%0.0%22.1%817-92.9K-7680.5976.64N/AN/A27161,282612
2021-01-25$2.66$2.5080.4%23.1%70.5%16.9%80.5%0.0%14.6%734-84.8K-7670.3766.76N/AN/A1971,271614
2021-01-26$2.66$2.5082.1%23.5%70.5%17.4%0.0%0.0%6.0%708-80.4K-7450.0070.00N/AN/A101,272621
2021-01-27$2.53$2.5094.3%27.0%72.8%23.6%102.8%0.0%-12.1%596-57.0K-7030.0095.30N/AN/A701,273621
2021-01-28$2.52$2.5086.5%24.8%72.8%19.6%86.4%0.0%5.3%613-57.1K-7030.3894.23N/AN/A26101,278621
2021-01-29$2.66$2.5075.7%21.7%74.9%14.2%68.7%0.0%18.8%793-95.7K-7600.0383.81N/AN/A3111,300631