DLNG Options History — August 2025

In August 2025, DLNG traded between $3.50 and $3.69. ATM implied volatility averaged 138.4%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 38.1%. IV traded above realized volatility by 111.9% (HV 20d: 26.6%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.00.

Notable Days

2025-08-22: Highest Volume — 51 contracts
2025-08-06: Largest IV spike — 64.6% change
2025-08-11: Highest IV Rank — 97.3%
2025-08-08: Largest Expected Move — 57.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.60	$3.50	$3.69	$3.54	$3.59
Max Pain	$4.05	$2.50	$5.00	$2.50	$2.50
ATM IV	138.4%	84.8%	317.6%	100.9%	137.5%
Expected Move	38.1%	24.3%	57.9%	28.9%	39.4%
HV 20d	26.6%	21.8%	28.7%	21.8%	26.4%
HV 60d	26.7%	21.8%	29.8%	28.0%	21.8%
IV Rank	37.3%	19.3%	97.3%	24.4%	37.4%
IV Percentile	75.6%	56.7%	99.2%	66.3%	80.2%
Term Structure	-63.7%	-148.9%	2.2%	-26.8%	-76.7%
VWIV	82.0%	47.7%	138.7%	47.7%	76.6%
Bid-Ask Spread %	89.92	45.52	113.71	45.52	112.83
Gamma HHI	0.92	0.89	0.97	0.92	0.89
Net GEX	4.0K	3.6K	4.4K	3.7K	4.0K
Net DEX	-25.1K	-59.2K	546	-21.7K	-59.2K
Net VEX	-1.0K	-1.2K	-884	-1.1K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.00	4.00	0.00	0.00
Total Volume	8.476	0	51	4	5
Total OI	2,364.905	2,264	2,423	2,372	2,365

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
2025-08-01	$3.54	$2.50	100.9%	28.9%	21.8%	24.4%	0.0%	0.0%	-26.8%	3.7K	-21.7K	-1.1K	0.00	45.52	N/A	N/A	4	0	1,819	553
2025-08-04	$3.50	$5.00	118.1%	41.9%	22.1%	30.1%	47.7%	0.0%	-52.9%	3.6K	-18.8K	-1.0K	0.00	65.20	N/A	N/A	45	0	1,823	553
2025-08-05	$3.69	$5.00	97.5%	50.2%	28.4%	23.2%	0.0%	0.0%	-148.9%	4.3K	546	-884	0.00	102.87	N/A	N/A	0	0	1,868	553
2025-08-06	$3.68	$5.00	160.5%	52.1%	28.4%	44.4%	0.0%	0.0%	-145.6%	4.4K	-23.5K	-1.1K	0.00	103.55	N/A	N/A	2	0	1,868	553
2025-08-07	$3.63	$5.00	176.1%	52.3%	28.7%	49.6%	0.0%	0.0%	-141.2%	4.2K	-20.8K	-1.1K	0.00	100.94	N/A	N/A	0	0	1,870	553
2025-08-08	$3.59	$5.00	256.8%	57.9%	26.9%	76.8%	0.0%	0.0%	-136.5%	4.0K	-30.9K	-1.1K	0.00	103.50	N/A	N/A	0	0	1,870	553
2025-08-11	$3.65	$5.00	317.6%	44.4%	26.4%	97.3%	0.0%	0.0%	-37.9%	4.3K	-34.3K	-1.1K	0.00	94.43	N/A	N/A	0	0	1,870	553
2025-08-12	$3.62	$5.00	168.5%	39.4%	25.9%	47.1%	0.0%	0.0%	-3.9%	4.1K	-28.1K	-1.1K	0.00	71.01	N/A	N/A	0	0	1,870	553
2025-08-13	$3.60	$5.00	140.7%	40.3%	26.0%	38.5%	0.0%	0.0%	0.8%	4.0K	-27.8K	-1.0K	0.00	91.48	N/A	N/A	0	0	1,870	553
2025-08-14	$3.63	$5.00	119.7%	34.3%	26.2%	31.3%	0.0%	0.0%	2.2%	4.1K	-9.7K	-950	0.00	90.38	N/A	N/A	0	0	1,870	553
2025-08-15	$3.53	$5.00	152.5%	43.7%	26.9%	42.5%	0.0%	0.0%	-53.4%	3.7K	-5.7K	-939	0.00	93.63	N/A	N/A	15	0	1,870	553
2025-08-18	$3.57	$5.00	153.1%	43.9%	27.2%	42.7%	0.0%	0.0%	-47.7%	3.9K	-50.6K	-1.2K	0.00	97.99	N/A	N/A	10	0	1,874	390
2025-08-19	$3.62	$5.00	92.0%	26.4%	27.5%	21.8%	0.0%	0.0%	-56.0%	4.1K	-35.1K	-1.1K	0.00	113.71	N/A	N/A	0	0	1,884	390
2025-08-20	$3.58	$5.00	86.9%	24.9%	27.4%	20.0%	138.7%	0.0%	-41.4%	4.0K	-18.1K	-918	0.00	101.79	N/A	N/A	4	0	1,884	390
2025-08-21	$3.63	$2.50	94.5%	27.1%	27.5%	22.6%	0.0%	0.0%	-58.9%	4.1K	-32.2K	-1.0K	0.00	93.85	N/A	N/A	0	0	1,888	390
2025-08-22	$3.63	$2.50	84.8%	24.3%	27.5%	19.3%	88.7%	0.0%	-32.4%	4.1K	-16.3K	-961	3.64	89.74	N/A	N/A	11	40	1,888	390
2025-08-25	$3.62	$2.50	107.4%	30.8%	26.9%	27.1%	73.2%	0.0%	-65.5%	4.2K	-24.5K	-1.1K	2.40	93.06	N/A	N/A	5	12	1,888	435
2025-08-26	$3.61	$2.50	110.2%	31.6%	26.6%	28.0%	74.4%	0.0%	-68.0%	4.2K	-24.5K	-1.0K	0.00	76.19	N/A	N/A	0	16	1,893	447
2025-08-27	$3.57	$2.50	115.1%	33.0%	26.9%	29.7%	74.6%	0.0%	-72.2%	3.9K	-12.6K	-972	0.00	72.86	N/A	N/A	0	4	1,893	463
2025-08-28	$3.58	$2.50	117.0%	33.6%	26.4%	30.4%	76.6%	0.0%	-74.3%	4.1K	-34.0K	-1.0K	4.00	73.79	N/A	N/A	1	4	1,893	467
2025-08-29	$3.59	$2.50	137.5%	39.4%	26.4%	37.4%	0.0%	0.0%	-76.7%	4.0K	-59.2K	-1.1K	0.00	112.83	N/A	N/A	5	0	1,894	471