DLNG Options History — July 2025

In July 2025, DLNG traded between $3.53 and $3.73. ATM implied volatility averaged 147.1%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 39.1%. IV traded above realized volatility by 126.4% (HV 20d: 20.7%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 13.67.

Notable Days

  • 2025-07-22: Highest Volume — 1,209 contracts
  • 2025-07-25: Largest IV spike — 75.2% change
  • 2025-07-03: Highest IV Rank — 79.5%
  • 2025-07-18: Largest Expected Move — 54.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.61$3.53$3.73$3.57$3.53
Max Pain$4.09$2.50$5.00$5.00$2.50
ATM IV147.1%81.4%264.9%160.4%98.4%
Expected Move39.1%23.3%54.5%46.0%28.2%
HV 20d20.7%14.7%23.2%20.6%21.8%
HV 60d35.4%28.2%45.5%45.2%28.2%
IV Rank39.9%17.8%79.5%44.4%23.5%
IV Percentile82.1%56.3%98.8%89.7%65.9%
Term Structure-56.6%-185.9%229.2%-185.9%-38.4%
VWIV87.7%87.7%87.7%87.7%87.7%
Bid-Ask Spread %90.4438.67130.9642.5046.64
Gamma HHI0.630.430.940.440.92
Net GEX1.4K2414.0K2923.7K
Net DEX77.7K-34.7K133.3K131.3K-12.4K
Net VEX-583-1.2K-176-388-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio13.670.00156.000.000.00
Total Volume68.45501,20900
Total OI2,390.1821,0222,6302,5942,372

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$3.57$5.00160.4%46.0%20.6%44.4%0.0%0.0%-185.9%292131.3K-3880.0042.50N/AN/A001,926668
2025-07-02$3.65$5.00158.9%45.5%20.2%43.9%0.0%0.0%-140.8%274119.9K-4830.0038.67N/AN/A001,926668
2025-07-03$3.63$5.00264.9%34.3%17.3%79.5%0.0%0.0%-32.9%310132.1K-3890.00100.31N/AN/A001,926668
2025-07-07$3.63$5.00200.9%38.4%14.7%58.0%0.0%0.0%-52.3%302133.3K-3450.00102.70N/AN/A101,926667
2025-07-08$3.71$5.00156.8%37.7%16.8%43.2%0.0%0.0%-56.4%301110.6K-5140.00101.08N/AN/A001,927667
2025-07-09$3.71$5.00114.5%32.8%16.7%28.9%0.0%0.0%-19.7%316127.6K-4050.00110.58N/AN/A001,927667
2025-07-10$3.73$5.00122.3%35.1%16.3%31.5%0.0%0.0%-60.2%304129.1K-3890.05100.71N/AN/A2011,927667
2025-07-11$3.62$5.00112.9%32.4%19.6%28.4%0.0%0.0%-37.4%339130.3K-3580.0099.65N/AN/A041,947667
2025-07-14$3.70$5.00139.5%40.0%21.1%37.4%0.0%0.0%-55.1%368123.5K-4010.00105.46N/AN/A3801,947665
2025-07-15$3.64$5.00184.5%52.9%21.8%52.5%0.0%0.0%-137.5%364129.5K-3540.00120.58N/AN/A001,955665
2025-07-16$3.63$5.00143.7%41.2%21.8%38.7%0.0%0.0%-140.8%358129.4K-3530.00120.90N/AN/A501,955665
2025-07-17$3.63$5.00160.0%45.9%21.7%44.2%0.0%0.0%229.2%391128.2K-3740.00100.94N/AN/A3001,950665
2025-07-18$3.55$5.00190.1%54.5%23.0%54.4%0.0%0.0%-127.6%371127.3K-3580.00118.85N/AN/A501,965665
2025-07-21$3.54$5.0095.5%27.4%22.9%22.5%0.0%0.0%-63.5%42776.3K-199156.0080.02N/AN/A1156633389
2025-07-22$3.53$2.5098.1%28.1%22.2%23.4%0.0%0.0%-79.8%24180.6K-1760.0042.10N/AN/A1,2090634545
2025-07-23$3.58$2.50161.4%46.3%22.9%44.7%87.7%0.0%-181.7%3.8K-185-9768.0083.86N/AN/A181,791545
2025-07-24$3.54$2.50106.9%30.6%23.2%26.4%0.0%0.0%-61.2%3.4K-14.2K-1.1K0.0081.27N/AN/A1501,792553
2025-07-25$3.56$2.50187.3%53.7%22.4%53.4%0.0%0.0%-75.9%3.7K11.4K-8600.00130.96N/AN/A001,807553
2025-07-28$3.62$2.5081.4%23.3%22.7%17.8%0.0%0.0%-35.0%4.0K-23.1K-1.1K0.0059.03N/AN/A1001,807553
2025-07-29$3.58$2.50116.9%33.5%23.1%29.7%0.0%0.0%83.2%3.9K-26.6K-1.1K0.0080.51N/AN/A201,817553
2025-07-30$3.58$2.50181.3%52.0%22.9%51.4%0.0%0.0%24.9%3.8K-34.7K-1.2K0.00122.38N/AN/A001,819553
2025-07-31$3.53$2.5098.4%28.2%21.8%23.5%0.0%0.0%-38.4%3.7K-12.4K-1.1K0.0046.64N/AN/A001,819553