DLNG Options History — May 2025

In May 2025, DLNG traded between $3.46 and $3.84. ATM implied volatility averaged 122.0%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 27.7%. IV traded above realized volatility by 73.1% (HV 20d: 48.9%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.91.

Notable Days

2025-05-09: Highest Volume — 105 contracts
2025-05-30: Largest IV spike — 180.5% change
2025-05-12: Highest IV Rank — 98.1%
2025-05-01: Largest Expected Move — 46.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.68	$3.46	$3.84	$3.51	$3.75
Max Pain	$3.10	$2.50	$5.00	$2.50	$2.50
ATM IV	122.0%	45.4%	320.1%	163.0%	142.2%
Expected Move	27.7%	13.0%	46.7%	46.7%	40.8%
HV 20d	48.9%	32.7%	66.9%	65.0%	40.5%
HV 60d	53.1%	52.4%	54.1%	53.3%	52.9%
IV Rank	31.5%	5.7%	98.1%	45.2%	38.2%
IV Percentile	73.5%	24.2%	99.6%	93.3%	86.9%
Term Structure	-27.6%	-195.3%	12.3%	-195.3%	-163.7%
VWIV	114.8%	76.6%	178.8%	110.4%	129.7%
Bid-Ask Spread %	93.86	62.85	122.43	122.43	92.37
Gamma HHI	0.67	0.42	0.99	0.52	0.94
Net GEX	803	-570	2.9K	-296	2.6K
Net DEX	200.7K	-62.3K	328.5K	313.4K	51.9K
Net VEX	-1.1K	-1.5K	-759	-1.2K	-859
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.00	7.00	7.00	2.13
Total Volume	30.333	0	105	0	94
Total OI	2,837.048	2,158	3,387	3,046	2,330

Daily Data (21 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
2025-05-01	$3.51	$2.50	163.0%	46.7%	65.0%	45.2%	0.0%	0.0%	-195.3%	-296	313.4K	-1.2K	0.00	122.43	N/A	N/A	0	0	1,568	1,478
2025-05-02	$3.46	$2.50	94.4%	27.1%	64.4%	22.2%	110.4%	0.0%	12.3%	-224	282.1K	-1.3K	7.00	96.89	N/A	N/A	5	35	1,568	1,478
2025-05-05	$3.61	$5.00	84.3%	29.4%	66.4%	18.8%	0.0%	0.0%	-12.4%	-380	313.6K	-1.2K	0.00	110.19	N/A	N/A	0	17	1,573	1,513
2025-05-06	$3.54	$5.00	143.4%	31.0%	66.4%	38.6%	0.0%	0.0%	-21.6%	-316	302.7K	-1.2K	0.28	90.47	N/A	N/A	32	9	1,573	1,530
2025-05-07	$3.61	$5.00	151.8%	28.5%	66.8%	41.5%	0.0%	0.0%	11.4%	-174	232.2K	-1.5K	0.00	93.23	N/A	N/A	25	0	1,593	1,538
2025-05-08	$3.58	$5.00	224.0%	29.6%	66.9%	65.8%	0.0%	0.0%	-4.9%	-266	312.4K	-1.2K	0.55	108.84	N/A	N/A	22	12	1,642	1,538
2025-05-09	$3.64	$5.00	168.5%	30.1%	64.7%	47.1%	0.0%	0.0%	2.3%	-284	307.3K	-1.2K	0.72	89.60	N/A	N/A	61	44	1,664	1,545
2025-05-12	$3.71	$2.50	320.1%	35.4%	61.2%	98.1%	0.0%	0.0%	-26.8%	-358	312.8K	-1.1K	0.00	101.42	N/A	N/A	1	0	1,742	1,589
2025-05-13	$3.83	$2.50	128.9%	13.9%	44.1%	33.8%	178.8%	0.0%	-8.5%	-379	321.2K	-1.2K	0.50	101.42	N/A	N/A	22	11	1,741	1,589
2025-05-14	$3.81	$2.50	45.4%	13.0%	44.2%	5.7%	0.0%	0.0%	-2.5%	-570	328.5K	-1.1K	0.00	107.20	N/A	N/A	24	0	1,771	1,600
2025-05-15	$3.78	$2.50	83.9%	24.1%	42.8%	18.6%	0.0%	0.0%	-2.9%	-351	261.7K	-1.3K	0.00	115.79	N/A	N/A	0	10	1,777	1,600
2025-05-16	$3.68	$2.50	122.9%	35.2%	43.9%	31.8%	0.0%	0.0%	-19.0%	-302	302.2K	-1.2K	0.00	89.62	N/A	N/A	0	0	1,777	1,610
2025-05-19	$3.58	$2.50	128.1%	36.7%	33.7%	33.5%	76.6%	0.0%	-21.5%	-85	282.8K	-1.2K	0.50	91.26	N/A	N/A	2	1	1,626	1,372
2025-05-20	$3.73	$2.50	134.8%	38.7%	33.9%	35.8%	0.0%	0.0%	-23.6%	2.7K	45.3K	-894	0.90	89.63	N/A	N/A	29	26	1,625	533
2025-05-21	$3.69	$2.50	149.4%	42.8%	34.3%	40.7%	0.0%	0.0%	-38.2%	2.6K	46.8K	-897	1.00	96.10	N/A	N/A	1	1	1,641	559
2025-05-22	$3.69	$2.50	56.5%	16.2%	32.7%	9.4%	0.0%	0.0%	-5.3%	2.4K	-62.3K	-1.3K	0.00	62.85	N/A	N/A	0	0	1,642	560
2025-05-23	$3.60	$2.50	66.7%	19.1%	33.9%	12.8%	78.3%	0.0%	-16.3%	2.5K	46.0K	-871	0.01	64.74	N/A	N/A	70	1	1,642	560
2025-05-27	$3.83	$2.50	50.7%	14.5%	40.0%	7.5%	129.7%	0.0%	-13.7%	2.7K	72.4K	-794	0.00	77.59	N/A	N/A	2	0	1,717	561
2025-05-28	$3.84	$2.50	52.2%	15.0%	40.0%	8.0%	0.0%	0.0%	-14.2%	2.9K	65.7K	-787	0.00	83.95	N/A	N/A	0	55	1,718	561
2025-05-29	$3.79	$2.50	50.7%	14.5%	40.2%	7.5%	0.0%	0.0%	-15.5%	2.5K	75.6K	-759	0.00	85.52	N/A	N/A	25	0	1,718	616
2025-05-30	$3.75	$2.50	142.2%	40.8%	40.5%	38.2%	0.0%	0.0%	-163.7%	2.6K	51.9K	-859	2.13	92.37	N/A	N/A	30	64	1,714	616