DLNG Options History — October 2025

In October 2025, DLNG traded between $3.48 and $3.64. ATM implied volatility averaged 157.9%, placing in the 44.4% IV rank vs the trailing year. The 30-day expected move averaged 46.3%. IV traded above realized volatility by 137.7% (HV 20d: 20.2%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.30.

Notable Days

  • 2025-10-14: Highest Volume — 204 contracts
  • 2025-10-17: Largest IV spike — 55.7% change
  • 2025-10-14: Highest IV Rank — 68.8%
  • 2025-10-20: Largest Expected Move — 60.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.55$3.48$3.64$3.56$3.58
Max Pain$6.75$5.00$7.50$5.00$7.50
ATM IV157.9%102.8%229.1%126.8%177.6%
Expected Move46.3%29.5%60.9%36.3%50.9%
HV 20d20.2%17.6%22.7%22.6%20.2%
HV 60d22.8%21.0%23.9%23.7%21.0%
IV Rank44.4%25.5%68.8%33.7%51.1%
IV Percentile85.1%69.0%98.4%77.8%92.5%
Term Structure-44.7%-150.8%184.7%23.9%-146.4%
VWIV242.0%242.0%242.0%242.0%242.0%
Bid-Ask Spread %112.4524.06150.0056.77127.16
Gamma HHI0.820.800.840.830.81
Net GEX4.7K4.2K5.2K4.4K4.9K
Net DEX-137.8K-191.9K-83.7K-98.3K-189.2K
Net VEX-873-973-697-849-900
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.003.860.000.00
Total Volume17.261020405
Total OI2,1741,8532,4602,3131,870

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$3.56$5.00126.8%36.3%22.6%33.7%0.0%0.0%23.9%4.4K-98.3K-8490.0056.77N/AN/A002,080233
2025-10-02$3.58$5.00102.8%29.5%22.1%25.5%0.0%0.0%-22.8%4.4K-99.5K-8490.0024.06N/AN/A002,080233
2025-10-03$3.52$5.00138.8%39.8%21.9%37.8%0.0%0.0%13.2%4.2K-83.7K-7370.0050.07N/AN/A13002,080233
2025-10-06$3.56$0.00153.0%55.2%20.3%42.7%0.0%0.0%-149.1%4.7K-106.5K-8940.00109.12N/AN/A002,210233
2025-10-07$3.48$0.00126.1%43.1%20.8%33.5%0.0%0.0%-57.6%4.5K-101.7K-8340.00103.29N/AN/A402,209233
2025-10-08$3.50$0.00163.3%55.0%19.8%46.2%0.0%0.0%-150.8%4.5K-102.1K-8760.00138.83N/AN/A0102,209233
2025-10-09$3.50$0.00138.5%36.2%19.8%37.7%0.0%0.0%-41.4%4.5K-98.7K-8700.00104.83N/AN/A002,209243
2025-10-10$3.49$0.00149.4%45.5%19.5%41.5%0.0%0.0%-75.3%4.3K-85.0K-7970.00102.70N/AN/A802,209243
2025-10-13$3.54$0.00160.7%56.7%20.6%45.3%0.0%0.0%-137.4%4.6K-102.9K-8780.00137.80N/AN/A002,217243
2025-10-14$3.56$0.00229.1%52.4%20.8%68.8%0.0%0.0%-147.0%4.8K-103.4K-8333.86145.00N/AN/A421622,217243
2025-10-15$3.55$0.00202.4%58.0%20.1%59.6%0.0%0.0%-141.5%4.8K-136.6K-9150.00126.61N/AN/A1102,213223
2025-10-16$3.55$0.00134.7%38.6%19.2%36.4%0.0%0.0%184.7%4.8K-142.8K-9730.0092.44N/AN/A202,208223
2025-10-17$3.52$0.00209.7%60.1%17.6%62.1%0.0%0.0%-23.1%4.7K-117.1K-8960.00135.43N/AN/A302,208223
2025-10-20$3.56$0.00212.5%60.9%18.3%63.1%0.0%0.0%-25.5%4.8K-188.3K-9630.00137.98N/AN/A201,84310
2025-10-21$3.56$0.00154.1%44.2%17.9%43.1%0.0%0.0%-37.5%4.8K-188.9K-9480.0086.46N/AN/A101,84510
2025-10-22$3.60$0.00145.4%41.7%18.4%40.1%0.0%0.0%-25.9%4.8K-133.8K-6970.00110.47N/AN/A001,84610
2025-10-23$3.60$7.50157.1%45.0%18.4%44.1%0.0%0.0%-30.2%5.0K-183.4K-9290.00133.52N/AN/A301,84710
2025-10-24$3.52$7.50155.2%44.5%19.7%43.4%0.0%0.0%-30.5%4.7K-167.6K-8590.00142.86N/AN/A101,84610
2025-10-27$3.64$7.50166.6%47.7%22.7%47.3%0.0%0.0%-52.4%5.2K-191.9K-9300.00150.00N/AN/A1301,84710
2025-10-28$3.62$7.50165.5%47.4%22.6%47.0%0.0%0.0%-44.7%5.1K-188.0K-9160.00115.88N/AN/A001,86010
2025-10-29$3.58$7.50131.9%37.8%21.1%35.5%0.0%0.0%37.1%5.0K-183.6K-8980.00126.88N/AN/A001,86010
2025-10-30$3.56$7.50131.0%37.6%21.1%35.2%0.0%0.0%52.7%4.9K-177.2K-8370.00128.28N/AN/A001,86010
2025-10-31$3.58$7.50177.6%50.9%20.2%51.1%242.0%0.0%-146.4%4.9K-189.2K-9000.00127.16N/AN/A501,86010