DLNG Options History — February 2025

In February 2025, DLNG traded between $3.82 and $4.86. ATM implied volatility averaged 50.1%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 14.3% (HV 20d: 35.8%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 8.52.

Notable Days

2025-02-07: Highest Volume — 1,823 contracts
2025-02-25: Largest IV spike — 89.5% change
2025-02-25: Highest IV Rank — 24.1%
2025-02-25: Largest Expected Move — 28.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.30	$3.82	$4.86	$4.74	$4.01
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	50.1%	34.6%	100.3%	38.9%	46.1%
Expected Move	14.6%	8.8%	28.7%	11.1%	13.2%
HV 20d	35.8%	28.4%	39.8%	28.4%	39.4%
HV 60d	44.4%	41.0%	46.9%	44.3%	41.0%
IV Rank	7.3%	2.1%	24.1%	3.5%	5.9%
IV Percentile	29.7%	6.7%	77.4%	12.3%	27.4%
Term Structure	-4.9%	-75.6%	20.7%	8.5%	7.5%
VWIV	57.7%	28.1%	142.3%	38.0%	49.0%
Bid-Ask Spread %	93.06	59.66	111.81	85.18	78.94
Gamma HHI	0.88	0.71	0.93	0.71	0.90
Net GEX	-6.4K	-14.3K	-2.5K	-2.5K	-3.1K
Net DEX	466.6K	77.7K	799.4K	129.7K	482.1K
Net VEX	-1.6K	-2.0K	-1.1K	-1.4K	-1.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	8.52	0.00	139.23	0.00	0.04
Total Volume	160.105	0	1,823	8	24
Total OI	3,285.526	2,488	4,121	2,488	3,151

Daily Data (19 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
2025-02-03	$4.74	$5.00	38.9%	11.1%	28.4%	3.5%	0.0%	0.0%	8.5%	-2.5K	129.7K	-1.4K	0.00	85.18	N/A	N/A	8	0	1,327	1,161
2025-02-04	$4.86	$5.00	41.1%	11.8%	30.7%	4.2%	38.0%	0.0%	0.5%	-2.7K	77.7K	-1.5K	1.85	67.10	N/A	N/A	162	300	1,333	1,161
2025-02-05	$4.83	$5.00	47.9%	13.7%	30.7%	6.5%	47.8%	0.0%	-4.8%	-13.3K	236.8K	-1.8K	0.91	59.66	N/A	N/A	11	10	1,472	1,761
2025-02-06	$4.73	$5.00	35.7%	13.7%	31.1%	2.4%	0.0%	0.0%	-2.1%	-14.3K	362.2K	-1.6K	0.00	101.43	N/A	N/A	54	0	1,478	1,771
2025-02-07	$4.47	$5.00	36.7%	8.8%	35.6%	2.8%	28.1%	0.0%	10.1%	-8.2K	533.8K	-1.1K	139.23	111.81	N/A	N/A	13	1,810	1,427	1,771
2025-02-10	$4.39	$5.00	47.2%	13.4%	35.7%	6.3%	0.0%	0.0%	-11.5%	-12.2K	763.7K	-2.0K	0.00	89.73	N/A	N/A	0	0	1,440	2,681
2025-02-11	$4.24	$5.00	51.7%	17.2%	36.6%	7.8%	0.0%	0.0%	-6.0%	-7.0K	799.4K	-1.7K	0.02	98.67	N/A	N/A	63	1	1,440	2,655
2025-02-12	$4.35	$5.00	54.9%	15.7%	38.9%	8.9%	54.9%	0.0%	-7.3%	-7.9K	494.2K	-1.9K	0.02	100.65	N/A	N/A	52	1	1,498	1,931
2025-02-13	$4.36	$5.00	36.0%	10.3%	39.1%	2.5%	0.0%	0.0%	16.6%	-7.5K	489.3K	-1.9K	0.50	98.85	N/A	N/A	2	1	1,537	1,931
2025-02-14	$4.29	$5.00	40.1%	11.5%	38.1%	3.9%	0.0%	0.0%	20.7%	-7.0K	483.6K	-1.9K	0.19	98.57	N/A	N/A	31	6	1,538	1,931
2025-02-18	$4.32	$5.00	34.6%	9.9%	38.4%	2.1%	32.1%	0.0%	17.1%	-6.7K	482.3K	-1.9K	0.00	100.44	N/A	N/A	36	0	1,566	1,931
2025-02-19	$4.22	$5.00	38.3%	11.0%	38.0%	3.3%	43.4%	0.0%	8.4%	-5.8K	502.0K	-1.7K	0.10	99.46	N/A	N/A	52	5	1,601	1,931
2025-02-20	$4.20	$5.00	41.7%	12.0%	35.5%	4.5%	0.0%	0.0%	7.6%	-5.8K	506.2K	-1.7K	0.01	98.47	N/A	N/A	130	1	1,647	1,926
2025-02-21	$4.13	$5.00	64.1%	18.4%	35.2%	12.0%	0.0%	0.0%	-47.7%	-5.2K	526.0K	-1.7K	0.00	93.16	N/A	N/A	0	0	1,672	1,927
2025-02-24	$3.88	$5.00	52.9%	15.2%	36.2%	8.2%	56.4%	0.0%	8.1%	-3.1K	494.7K	-1.3K	0.16	97.67	N/A	N/A	31	5	1,203	1,735
2025-02-25	$3.82	$5.00	100.3%	28.7%	36.2%	24.1%	142.3%	0.0%	-75.6%	-2.8K	499.9K	-1.2K	0.00	109.98	N/A	N/A	16	0	1,208	1,735
2025-02-26	$3.86	$5.00	79.9%	22.9%	37.0%	17.3%	72.0%	0.0%	-43.5%	-2.9K	505.9K	-1.3K	0.48	97.86	N/A	N/A	27	13	1,222	1,735
2025-02-27	$3.98	$5.00	64.3%	18.4%	39.8%	12.0%	71.1%	0.0%	-0.5%	-3.3K	496.9K	-1.5K	1.36	80.48	N/A	N/A	75	102	1,249	1,742
2025-02-28	$4.01	$5.00	46.1%	13.2%	39.4%	5.9%	49.0%	0.0%	7.5%	-3.1K	482.1K	-1.5K	0.04	78.94	N/A	N/A	23	1	1,308	1,843