DLNG Options History — March 2022

In March 2022, DLNG traded between $2.70 and $4.29. ATM implied volatility averaged 81.9%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded below realized volatility by 13.1% (HV 20d: 95.0%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.83.

Notable Days

  • 2022-03-28: Highest Volume — 2,433 contracts
  • 2022-03-22: Largest IV spike — 138.1% change
  • 2022-03-31: Highest IV Rank — 48.9%
  • 2022-03-01: Largest Expected Move — 34.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.13$2.70$4.29$2.83$3.98
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV81.9%46.2%130.7%119.2%130.7%
Expected Move22.3%7.2%34.2%34.2%27.1%
HV 20d95.0%85.6%121.2%85.7%114.6%
HV 60d65.0%56.4%85.7%56.7%85.7%
IV Rank24.8%7.2%48.9%43.3%48.9%
IV Percentile68.3%19.4%91.7%89.7%91.7%
Term Structure-8.8%-40.1%30.9%-40.1%-38.2%
VWIV87.1%59.2%120.0%120.0%95.6%
Bid-Ask Spread %63.4612.71133.5255.0568.85
Gamma HHI0.650.500.960.530.74
Net GEX1.6K-48110.4K2286.3K
Net DEX-190.7K-582.3K-53.9K-65.5K-532.5K
Net VEX-742-2.0K-319-480-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.052.741.650.19
Total Volume494.4781082,433212409
Total OI2,203.4351,3834,2361,3834,194

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$2.83$2.50119.2%34.2%85.7%43.3%120.0%0.0%-40.1%228-65.5K-4801.6555.05N/AN/A80132864519
2022-03-02$2.80$2.5075.4%21.6%85.6%21.6%76.6%0.0%-4.6%-481-56.0K-4981.0070.99N/AN/A8585920645
2022-03-03$2.93$2.50101.9%29.2%87.2%34.7%101.7%0.0%-37.2%346-87.8K-5050.4565.76N/AN/A18885937686
2022-03-04$2.98$2.5093.0%26.7%87.0%30.3%100.3%0.0%8.9%577-102.6K-5470.5270.12N/AN/A163851,067686
2022-03-07$2.84$2.5087.3%25.0%88.4%27.5%75.7%0.0%-2.5%-142-78.9K-5710.5565.99N/AN/A3672001,092686
2022-03-08$2.94$2.5057.7%26.5%89.4%12.9%103.9%0.0%18.0%182-105.6K-6171.4558.47N/AN/A1382001,224655
2022-03-09$2.99$2.5057.8%21.2%87.2%12.9%79.4%0.0%14.2%753-170.0K-3772.7461.44N/AN/A732001,332655
2022-03-10$3.04$2.5055.3%26.4%87.3%11.7%91.4%0.0%30.9%784-146.3K-6082.0012.71N/AN/A1002001,331655
2022-03-11$2.87$2.5062.0%27.9%89.4%15.0%86.6%0.0%8.8%540-129.0K-6151.9866.94N/AN/A1012001,391655
2022-03-14$2.70$2.5066.0%18.3%91.2%17.0%64.8%0.0%-2.4%19-79.1K-5250.9918.84N/AN/A90891,395655
2022-03-15$2.80$2.5067.4%18.2%91.4%17.7%68.4%0.0%-2.8%595-107.1K-5021.2071.88N/AN/A74891,400657
2022-03-16$2.86$2.5063.0%15.3%91.7%15.5%59.2%0.0%-6.6%734-160.9K-3191.2547.46N/AN/A71891,406657
2022-03-17$3.08$0.0090.2%7.2%92.8%28.9%0.0%0.0%-34.7%1.2K-173.2K-6460.88133.52N/AN/A101891,412657
2022-03-18$3.05$0.0062.6%15.2%91.9%15.3%0.0%0.0%0.7%759-142.2K-5150.3862.59N/AN/A175661,363657
2022-03-21$2.97$0.0046.2%17.1%91.9%7.2%0.0%0.0%3.8%590-112.8K-4720.6973.15N/AN/A64441,185466
2022-03-22$2.86$0.00110.0%14.5%92.6%38.7%0.0%0.0%-34.4%526-53.9K-4940.2571.52N/AN/A101251,184467
2022-03-23$2.95$0.0071.8%32.8%90.8%19.8%0.0%0.0%21.4%344-93.9K-4560.26117.40N/AN/A98251,302468
2022-03-24$3.00$0.0065.7%14.1%90.9%16.8%0.0%0.0%-35.0%823-104.8K-5060.1547.24N/AN/A164251,320468
2022-03-25$3.63$0.0077.2%14.5%106.7%22.5%95.8%0.0%-20.6%2.2K-230.2K-8730.0550.31N/AN/A2,2001111,412468
2022-03-28$4.29$2.50110.4%22.9%121.2%38.9%88.4%0.0%-11.8%10.4K-575.6K-2.0K0.1134.95N/AN/A2,2012322,785497
2022-03-29$3.78$2.50113.3%27.6%115.4%40.4%95.9%0.0%-26.1%4.9K-495.7K-1.4K0.2190.17N/AN/A1,0732263,314654
2022-03-30$3.87$2.5099.7%28.7%115.0%33.6%76.3%0.0%-12.1%5.7K-582.3K-1.7K0.0844.26N/AN/A702583,583653
2022-03-31$3.98$2.50130.7%27.1%114.6%48.9%95.6%0.0%-38.2%6.3K-532.5K-1.8K0.1968.85N/AN/A343663,537657