DLNG Options History — March 2025

In March 2025, DLNG traded between $3.76 and $4.18. ATM implied volatility averaged 55.9%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 5.6% (HV 20d: 50.3%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 5.06.

Notable Days

  • 2025-03-26: Highest Volume — 609 contracts
  • 2025-03-06: Largest IV spike — 85.5% change
  • 2025-03-06: Highest IV Rank — 22.1%
  • 2025-03-12: Largest Expected Move — 68.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.89$3.76$4.18$3.80$3.76
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV55.9%42.1%94.3%56.8%55.0%
Expected Move23.3%10.7%68.1%16.3%20.5%
HV 20d50.3%41.1%57.4%42.3%52.6%
HV 60d43.6%41.0%46.7%41.9%42.5%
IV Rank9.2%4.6%22.1%9.5%8.9%
IV Percentile41.4%19.4%76.6%47.6%45.2%
Term Structure-0.5%-34.8%16.8%10.1%-13.3%
VWIV87.6%39.4%135.8%135.8%39.4%
Bid-Ask Spread %95.7774.78115.8774.78100.21
Gamma HHI0.850.650.930.840.90
Net GEX-1.7K-2.7K-959-2.5K-1.9K
Net DEX467.4K375.9K521.5K449.5K473.0K
Net VEX-1.4K-1.7K-1.0K-1.5K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.060.0075.130.500.00
Total Volume59.47606091514
Total OI3,367.0483,1323,6503,1743,431

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$3.80$5.0056.8%16.3%42.3%9.5%0.0%0.0%10.1%-2.5K449.5K-1.5K0.5074.78N/AN/A1051,3301,844
2025-03-04$3.79$5.0074.2%21.3%42.0%15.4%0.0%0.0%-34.8%-2.2K518.7K-1.1K0.0082.91N/AN/A6801,3391,849
2025-03-05$3.85$5.0050.9%14.6%41.1%7.5%0.0%0.0%-15.7%-2.7K459.6K-1.4K0.0079.60N/AN/A3501,3461,849
2025-03-06$4.13$5.0094.3%27.0%50.3%22.1%135.8%0.0%15.5%-2.7K459.6K-1.6K0.2581.75N/AN/A411,3661,849
2025-03-07$3.96$5.0064.4%18.5%51.6%12.1%0.0%0.0%11.2%-2.6K501.1K-1.4K0.0087.92N/AN/A501,3661,849
2025-03-10$3.79$5.0083.1%23.8%50.2%18.4%0.0%0.0%8.6%-2.2K481.5K-1.3K0.00103.83N/AN/A10001,3711,849
2025-03-11$3.84$5.0042.1%36.1%50.6%4.6%0.0%0.0%6.3%-2.0K505.3K-1.2K0.00111.65N/AN/A011,4711,849
2025-03-12$3.77$5.0043.2%68.1%49.7%4.9%0.0%0.0%-2.0%-1.9K521.5K-1.0K0.00111.29N/AN/A23201,4711,850
2025-03-13$3.84$5.0046.8%49.8%49.2%6.2%0.0%0.0%-0.1%-1.1K518.3K-1.2K0.00104.33N/AN/A001,7021,850
2025-03-14$3.84$5.0047.5%53.3%49.2%6.4%0.0%0.0%1.6%-1.1K500.7K-1.3K0.05103.32N/AN/A7341,7021,850
2025-03-17$3.89$5.0044.3%11.2%49.5%5.3%0.0%0.0%1.7%-1.1K479.4K-1.4K0.0083.18N/AN/A2101,7401,854
2025-03-18$3.88$5.0048.4%11.6%49.3%6.7%0.0%0.0%1.7%-980473.6K-1.5K0.0083.71N/AN/A001,7551,852
2025-03-19$3.94$5.0044.1%11.2%49.3%5.3%0.0%0.0%2.3%-1.0K485.7K-1.4K0.0082.20N/AN/A101,7551,852
2025-03-20$4.18$0.0069.5%13.6%54.1%13.8%0.0%0.0%-3.3%-959425.3K-1.7K0.0287.72N/AN/A4411,7551,852
2025-03-21$3.95$0.0057.3%14.7%57.4%9.7%0.0%0.0%-18.6%-1.1K448.9K-1.6K0.00115.87N/AN/A041,7971,853
2025-03-24$3.90$0.0045.7%10.7%53.1%5.8%0.0%0.0%-6.6%-1.0K378.4K-1.3K0.0089.52N/AN/A1501,7091,423
2025-03-25$3.88$0.0050.7%12.9%52.8%7.5%0.0%0.0%-6.7%-1.1K375.9K-1.3K0.00110.38N/AN/A201,7091,423
2025-03-26$3.87$0.0045.9%14.4%52.7%5.8%0.0%0.0%3.0%-1.1K390.6K-1.2K75.1393.21N/AN/A86011,7101,423
2025-03-27$4.00$0.0060.8%17.9%52.9%10.9%0.0%0.0%16.8%-2.3K495.6K-1.5K0.00109.65N/AN/A001,7101,722
2025-03-28$3.80$0.0048.2%21.2%55.8%6.6%0.0%0.0%11.6%-2.0K472.6K-1.4K0.00114.14N/AN/A001,7101,721
2025-03-31$3.76$0.0055.0%20.5%52.6%8.9%39.4%0.0%-13.3%-1.9K473.0K-1.4K0.00100.21N/AN/A1401,7101,721