DLNG Options History — January 2025

In January 2025, DLNG traded between $4.86 and $5.55. ATM implied volatility averaged 44.0%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 4.1% (HV 20d: 39.9%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.52.

Notable Days

2025-01-24: Highest Volume — 743 contracts
2025-01-06: Largest IV spike — 69.8% change
2025-01-14: Highest IV Rank — 17.8%
2025-01-14: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.19	$4.86	$5.55	$5.55	$4.88
Max Pain	$4.75	$2.50	$5.00	$2.50	$5.00
ATM IV	44.0%	30.0%	81.5%	30.1%	46.3%
Expected Move	11.3%	8.6%	13.6%	8.6%	13.3%
HV 20d	39.9%	29.1%	47.9%	47.9%	29.1%
HV 60d	42.5%	41.3%	43.9%	42.0%	43.8%
IV Rank	5.2%	0.5%	17.8%	0.6%	6.0%
IV Percentile	19.4%	0.8%	65.5%	1.2%	25.4%
Term Structure	29.6%	-5.6%	454.4%	11.7%	-5.6%
VWIV	51.9%	25.1%	214.8%	25.1%	46.4%
Bid-Ask Spread %	78.29	25.11	113.02	25.11	73.57
Gamma HHI	0.80	0.61	0.96	0.80	0.76
Net GEX	10.9K	-3.2K	50.4K	6.6K	-3.2K
Net DEX	-306.8K	-626.4K	76.3K	-626.4K	45.4K
Net VEX	-1.1K	-1.5K	-589	-589	-1.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.52	0.00	11.81	0.03	1.26
Total Volume	130.35	7	743	30	95
Total OI	1,876.5	1,519	2,430	1,519	2,430

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$5.55	$2.50	30.1%	8.6%	47.9%	0.6%	25.1%	0.0%	11.7%	6.6K	-626.4K	-589	0.03	25.11	N/A	N/A	29	1	1,405	114
2025-01-03	$5.52	$2.50	36.9%	10.6%	45.8%	2.8%	30.8%	0.0%	2.9%	10.2K	-609.8K	-672	2.34	29.99	N/A	N/A	29	68	1,423	115
2025-01-06	$5.49	$5.00	62.7%	12.5%	46.1%	11.5%	42.8%	0.0%	7.3%	12.5K	-537.0K	-859	0.04	98.65	N/A	N/A	74	3	1,422	183
2025-01-07	$5.48	$5.00	58.4%	13.3%	43.2%	10.1%	49.5%	0.0%	4.4%	12.6K	-538.9K	-845	1.78	85.52	N/A	N/A	9	16	1,428	186
2025-01-08	$5.44	$5.00	40.5%	11.9%	43.5%	4.0%	53.4%	0.0%	22.6%	11.4K	-564.9K	-777	1.24	113.02	N/A	N/A	63	78	1,435	202
2025-01-10	$5.38	$5.00	49.5%	12.8%	44.0%	7.1%	44.0%	0.0%	3.0%	13.8K	-504.4K	-850	0.12	81.05	N/A	N/A	377	44	1,394	270
2025-01-13	$5.37	$5.00	66.3%	12.6%	43.8%	12.7%	39.1%	0.0%	5.0%	12.0K	-436.7K	-927	0.22	100.50	N/A	N/A	76	17	1,415	314
2025-01-14	$5.28	$5.00	81.5%	13.6%	42.7%	17.8%	47.2%	0.0%	-0.5%	14.6K	-400.0K	-1.0K	0.01	80.82	N/A	N/A	328	2	1,475	331
2025-01-15	$5.21	$5.00	35.6%	10.2%	41.7%	2.4%	39.3%	0.0%	14.5%	20.7K	-467.8K	-1.2K	0.15	81.91	N/A	N/A	13	2	1,762	333
2025-01-16	$5.04	$5.00	34.8%	10.0%	43.4%	2.1%	36.3%	0.0%	454.4%	38.1K	-372.5K	-1.2K	0.06	109.69	N/A	N/A	18	1	1,767	335
2025-01-17	$5.05	$5.00	44.3%	12.7%	41.9%	5.3%	44.3%	0.0%	3.9%	50.4K	-388.6K	-1.1K	0.13	89.83	N/A	N/A	80	10	1,783	334
2025-01-21	$5.11	$5.00	43.6%	12.5%	41.7%	5.1%	43.6%	0.0%	-4.0%	6.7K	-213.9K	-1.1K	0.00	78.86	N/A	N/A	28	0	1,193	334
2025-01-22	$5.25	$5.00	44.5%	12.8%	42.2%	5.4%	214.8%	0.0%	1.7%	7.1K	-252.5K	-1.1K	0.00	63.83	N/A	N/A	8	0	1,210	334
2025-01-23	$5.26	$5.00	37.9%	10.9%	41.7%	3.2%	0.0%	0.0%	19.0%	6.7K	-262.0K	-1.1K	5.00	83.17	N/A	N/A	2	10	1,215	334
2025-01-24	$4.97	$5.00	38.6%	11.1%	38.6%	3.4%	38.6%	0.0%	3.5%	7.6K	-177.7K	-1.0K	11.81	55.78	N/A	N/A	58	685	1,213	344
2025-01-27	$4.88	$5.00	34.8%	10.0%	32.3%	2.1%	34.7%	0.0%	4.9%	-1.4K	-5.4K	-1.4K	6.10	63.96	N/A	N/A	40	244	1,267	994
2025-01-28	$4.86	$5.00	30.0%	8.6%	30.0%	0.5%	0.0%	0.0%	29.2%	-2.8K	73.4K	-1.5K	0.00	81.09	N/A	N/A	7	0	1,307	1,099
2025-01-29	$4.86	$5.00	30.6%	8.8%	29.7%	0.7%	0.0%	0.0%	11.6%	-2.4K	76.3K	-1.5K	0.20	82.77	N/A	N/A	49	10	1,314	1,099
2025-01-30	$4.92	$5.00	33.8%	9.7%	29.5%	1.8%	0.0%	0.0%	3.3%	-2.6K	27.6K	-1.5K	0.00	86.71	N/A	N/A	33	0	1,308	1,109
2025-01-31	$4.88	$5.00	46.3%	13.3%	29.1%	6.0%	46.4%	0.0%	-5.6%	-3.2K	45.4K	-1.5K	1.26	73.57	N/A	N/A	42	53	1,321	1,109