DLNG Options History — March 2021

In March 2021, DLNG traded between $2.84 and $3.30. ATM implied volatility averaged 68.0%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 21.0% (HV 20d: 46.9%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.11.

Notable Days

  • 2021-03-01: Highest Volume — 545 contracts
  • 2021-03-23: Largest IV spike — 51.5% change
  • 2021-03-03: Highest IV Rank — 23.7%
  • 2021-03-03: Largest Expected Move — 27.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.96$2.84$3.30$2.87$2.86
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV68.0%46.4%94.5%82.2%51.9%
Expected Move19.1%13.3%27.1%23.6%14.9%
HV 20d46.9%42.5%53.2%46.9%47.1%
HV 60d59.7%56.0%64.3%64.3%56.9%
IV Rank10.5%0.0%23.7%17.5%2.8%
IV Percentile19.2%0.0%56.7%31.7%2.8%
Term Structure8.2%-25.9%36.3%-25.9%8.4%
VWIV79.6%44.1%173.3%101.2%74.7%
Bid-Ask Spread %56.3810.01101.4724.4066.26
Gamma HHI0.760.520.950.520.64
Net GEX1.1K5081.9K508605
Net DEX-177.5K-287.7K-98.9K-98.9K-125.7K
Net VEX-779-951-622-854-735
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.008.000.000.14
Total Volume59.26105455450
Total OI2,803.5652,5213,0172,5212,667

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$2.87$2.5082.2%23.6%46.9%17.5%101.2%0.0%-25.9%508-98.9K-8540.0024.40N/AN/A54501,768753
2021-03-02$2.91$2.5093.1%26.7%47.0%23.0%173.3%0.0%13.5%1.5K-193.3K-9040.0096.11N/AN/A402,099753
2021-03-03$2.89$2.5094.5%27.1%43.2%23.7%108.1%0.0%-25.6%1.3K-144.7K-8850.0066.83N/AN/A1902,101753
2021-03-04$2.91$2.5083.7%23.4%43.1%18.2%74.9%0.0%9.4%1.3K-197.5K-7310.04101.47N/AN/A2412,111753
2021-03-05$2.91$2.5086.7%23.8%43.1%19.7%83.0%0.0%-4.7%1.4K-167.9K-9310.0065.00N/AN/A1802,129754
2021-03-08$2.88$2.5092.4%21.2%42.7%22.6%81.6%0.0%16.1%1.3K-167.8K-9080.23100.24N/AN/A1332,116754
2021-03-09$2.88$2.5088.8%24.5%42.7%20.8%84.9%0.0%-6.1%1.2K-162.5K-9020.0056.81N/AN/A2802,123751
2021-03-10$2.89$2.5075.6%21.7%42.5%14.1%0.0%0.0%36.3%1.9K-184.7K-9518.0050.68N/AN/A182,139751
2021-03-11$3.04$2.5089.8%25.7%45.7%21.3%88.1%0.0%-4.9%1.4K-235.0K-7360.1144.06N/AN/A3642,140759
2021-03-12$3.30$2.5057.1%16.4%53.2%4.8%62.1%0.0%16.4%1.6K-264.9K-7030.1715.77N/AN/A116202,129759
2021-03-15$3.15$2.5059.3%17.0%49.6%5.9%59.3%0.0%21.2%1.4K-249.5K-8190.0061.36N/AN/A10502,152779
2021-03-16$3.25$2.5063.7%18.3%47.7%8.1%75.2%0.0%-3.6%1.3K-287.7K-8490.0017.02N/AN/A7002,168779
2021-03-17$3.13$2.5046.9%13.5%49.7%0.0%0.0%0.0%33.1%1.4K-253.7K-7230.0061.73N/AN/A2502,238779
2021-03-18$3.01$2.5050.3%14.4%50.3%1.7%44.1%0.0%28.3%1.1K-222.2K-6570.0010.01N/AN/A2002,235779
2021-03-19$2.97$2.5071.0%20.4%50.0%12.1%55.6%0.0%13.4%1.4K-221.5K-6221.2369.89N/AN/A901112,215781
2021-03-22$2.96$2.5046.4%13.3%49.6%0.0%74.1%0.0%18.7%947-146.1K-7205.5056.77N/AN/A2112,000627
2021-03-23$2.90$2.5070.3%20.2%49.2%12.0%64.7%0.0%-0.8%1.2K-145.2K-6910.0012.66N/AN/A3602,000638
2021-03-24$2.89$2.5047.2%13.5%48.2%0.4%0.0%0.0%11.9%721-129.5K-7140.0061.68N/AN/A001,997638
2021-03-25$2.90$2.5047.6%13.6%47.0%0.6%47.6%0.0%10.8%672-127.4K-6845.3361.68N/AN/A3161,997638
2021-03-26$2.92$2.5047.3%13.6%46.7%0.4%0.0%0.0%20.1%771-130.3K-6950.8057.83N/AN/A1081,998654
2021-03-29$2.86$2.5055.2%15.8%47.3%4.4%0.0%0.0%8.8%554-117.3K-7301.6771.01N/AN/A351,998663
2021-03-30$2.84$2.5062.6%17.9%47.1%8.1%74.7%0.0%-7.2%543-109.4K-7680.1467.42N/AN/A711,999668
2021-03-31$2.86$2.5051.9%14.9%47.1%2.8%0.0%0.0%8.4%605-125.7K-7350.0066.26N/AN/A001,998669