DLNG Options History — November 2025

In November 2025, DLNG traded between $3.51 and $3.81. ATM implied volatility averaged 164.4%, placing in the 46.6% IV rank vs the trailing year. The 30-day expected move averaged 43.1%. IV traded above realized volatility by 139.3% (HV 20d: 25.1%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-11-06: Highest Volume — 80 contracts
  • 2025-11-28: Largest IV spike — 166.7% change
  • 2025-11-18: Highest IV Rank — 63.1%
  • 2025-11-18: Largest Expected Move — 60.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.62$3.51$3.81$3.60$3.58
Max Pain$4.38$2.50$5.00$2.50$5.00
ATM IV164.4%75.4%212.6%190.5%201.2%
Expected Move43.1%21.6%60.9%54.6%57.7%
HV 20d25.1%19.1%36.0%19.9%36.0%
HV 60d22.4%20.8%26.8%20.9%26.8%
IV Rank46.6%16.1%63.1%55.5%59.2%
IV Percentile81.0%41.3%96.8%94.0%92.9%
Term Structure-76.5%-234.9%52.8%-66.9%-63.0%
Bid-Ask Spread %137.7086.45163.39140.16114.25
Gamma HHI0.840.810.890.820.86
Net GEX5.3K4.7K6.6K5.1K5.2K
Net DEX-187.2K-263.4K-124.7K-179.9K-169.2K
Net VEX-812-1.0K-531-811-737
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume12.105080330
Total OI1,968.9471,8752,0681,8751,993

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$3.60$2.50190.5%54.6%19.9%55.5%0.0%0.0%-66.9%5.1K-179.9K-8110.00140.16N/AN/A3301,86510
2025-11-04$3.54$2.50188.4%54.0%19.1%54.8%0.0%0.0%-75.4%4.8K-164.6K-7530.00131.35N/AN/A001,87810
2025-11-05$3.56$2.50205.2%58.8%19.1%60.6%0.0%0.0%-81.3%4.9K-169.9K-8080.00144.05N/AN/A001,87810
2025-11-06$3.63$0.00156.3%25.3%20.2%43.8%0.0%0.0%-47.7%4.7K-124.7K-5310.00124.31N/AN/A8001,87810
2025-11-07$3.55$0.00181.8%41.0%21.9%52.6%0.0%0.0%-150.1%5.1K-181.8K-8490.00163.39N/AN/A001,95810
2025-11-10$3.60$0.00209.1%37.7%21.9%61.9%0.0%0.0%-129.2%5.5K-171.1K-8000.00162.60N/AN/A001,95810
2025-11-11$3.54$0.00172.0%26.5%22.7%49.2%0.0%0.0%-45.3%5.1K-152.9K-6870.00114.44N/AN/A101,95810
2025-11-12$3.52$0.00139.1%39.9%22.7%37.9%0.0%0.0%-135.3%4.8K-162.3K-8080.00154.49N/AN/A2001,95810
2025-11-13$3.51$0.00100.6%28.8%22.8%24.7%0.0%0.0%-55.9%4.8K-139.5K-6410.00155.32N/AN/A051,97810
2025-11-14$3.55$0.00141.5%40.6%22.9%38.8%0.0%0.0%-48.1%5.2K-166.2K-7240.00115.17N/AN/A101,97815
2025-11-17$3.55$5.00195.5%56.0%22.6%57.3%0.0%0.0%-146.7%5.0K-165.4K-7880.00156.72N/AN/A001,97915
2025-11-18$3.62$5.00212.6%60.9%23.6%63.1%0.0%0.0%-147.4%5.4K-228.3K-9270.00158.60N/AN/A801,97915
2025-11-19$3.52$5.00199.8%57.3%25.4%58.8%0.0%0.0%-234.9%4.9K-223.9K-9590.00163.00N/AN/A201,98115
2025-11-20$3.73$5.00208.5%59.8%32.9%61.7%0.0%0.0%-37.0%6.1K-204.4K-9000.00119.13N/AN/A8001,97915
2025-11-21$3.72$5.00152.8%43.8%31.7%42.6%0.0%0.0%52.8%6.0K-252.8K-9640.00134.05N/AN/A002,05315
2025-11-24$3.81$5.0092.3%26.5%30.6%21.9%0.0%0.0%-13.3%6.6K-182.1K-7480.00134.56N/AN/A001,98310
2025-11-25$3.81$5.00100.6%28.8%30.5%24.7%0.0%0.0%-13.9%6.1K-263.4K-1.0K0.00144.29N/AN/A001,98310
2025-11-26$3.77$5.0075.4%21.6%30.5%16.1%0.0%0.0%-14.9%6.0K-254.5K-9850.0086.45N/AN/A001,98310
2025-11-28$3.58$5.00201.2%57.7%36.0%59.2%0.0%0.0%-63.0%5.2K-169.2K-7370.00114.25N/AN/A001,98310