DLNG Options History — January 2026

In January 2026, DLNG traded between $3.70 and $4.08. ATM implied volatility averaged 114.6%, placing in the 29.1% IV rank vs the trailing year. The 30-day expected move averaged 26.2%. IV traded above realized volatility by 85.9% (HV 20d: 28.7%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2026-01-22: Highest Volume — 1,193 contracts
  • 2026-01-14: Largest IV drop — 79.8% change
  • 2026-01-13: Highest IV Rank — 95.4%
  • 2026-01-08: Largest Expected Move — 49.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.88$3.70$4.08$3.76$3.85
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV114.6%52.2%306.7%126.2%97.8%
Expected Move26.2%15.0%49.5%36.2%28.0%
HV 20d28.7%19.5%32.1%26.4%31.8%
HV 60d31.3%29.3%32.8%29.3%32.8%
IV Rank29.1%7.7%95.4%33.2%23.2%
IV Percentile50.3%17.5%99.2%62.7%47.2%
Term Structure-10.8%-109.8%113.9%-27.3%-7.2%
Bid-Ask Spread %113.8585.60145.3585.60115.10
Gamma HHI0.650.491.000.500.86
Net GEX3.0K9869.2K9869.2K
Net DEX-198.3K-383.7K-120.9K-127.0K-318.9K
Net VEX-445-1.2K-168-280-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.030.000.00
Total Volume181.0501,1935343
Total OI1,979.956402,8162,2202,816

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$3.76$2.50126.2%36.2%26.4%33.2%0.0%0.0%-27.3%986-127.0K-2800.0085.60N/AN/A052,19921
2026-01-05$3.77$2.50108.7%16.1%26.4%27.1%0.0%0.0%-9.9%1.1K-120.9K-1680.00109.40N/AN/A10302,19926
2026-01-06$3.73$2.50154.8%36.5%26.0%43.0%0.0%0.0%-40.4%1.3K-154.8K-3180.00109.88N/AN/A002,30226
2026-01-07$3.73$2.50171.3%38.0%25.9%48.7%0.0%0.0%-48.6%1.3K-154.6K-2100.03130.63N/AN/A3112,30226
2026-01-08$3.70$2.50219.2%49.5%25.1%65.2%0.0%0.0%-109.8%1.4K-152.9K-2260.00145.35N/AN/A0102,32327
2026-01-09$3.70$2.50114.2%39.3%19.5%29.0%0.0%0.0%-51.7%1.4K-154.1K-2080.00126.80N/AN/A002,32327
2026-01-12$3.87$2.50185.4%21.4%25.4%53.6%0.0%0.0%-11.0%1.4K-167.6K-3280.00108.56N/AN/A1002,33227
2026-01-13$3.75$2.50306.7%27.5%27.9%95.4%0.0%0.0%-70.0%1.2K-157.8K-3810.00122.73N/AN/A002,33227
2026-01-14$3.90$2.5061.9%17.7%31.2%11.0%0.0%0.0%-11.3%1.5K-167.3K-3120.00113.91N/AN/A10202,33227
2026-01-15$3.87$2.5077.7%22.3%30.9%16.5%0.0%0.0%113.9%1.3K-163.7K-2790.00123.42N/AN/A202,33227
2026-01-16$3.92$2.5079.5%22.8%30.6%17.1%0.0%0.0%52.9%1.2K-176.9K-1990.00126.32N/AN/A102,33427
2026-01-20$3.96$2.5087.6%25.1%30.5%19.9%0.0%0.0%53.2%1.3K-170.0K-1900.00115.38N/AN/A1062416
2026-01-21$3.99$2.5061.8%17.7%30.6%11.0%0.0%0.0%7.7%1.4K-162.2K-2690.00104.85N/AN/A3062516
2026-01-22$4.08$2.5061.7%17.7%29.8%10.9%0.0%0.0%-2.2%1.5K-174.9K-1810.00104.53N/AN/A1,193062816
2026-01-23$3.99$2.5052.2%15.0%30.9%7.7%0.0%0.0%-9.3%5.7K-300.2K-9330.0090.72N/AN/A201,72616
2026-01-26$4.01$2.5068.0%19.5%30.9%13.1%0.0%0.0%-10.4%6.2K-237.1K-6440.00116.06N/AN/A001,72816
2026-01-27$4.08$2.5082.7%23.7%31.4%18.2%0.0%0.0%-10.2%6.8K-260.7K-7110.00110.88N/AN/A51801,72816
2026-01-28$4.01$2.5080.3%23.0%32.1%17.3%0.0%0.0%-11.4%6.7K-383.7K-1.1K0.00114.80N/AN/A34102,11116
2026-01-29$3.94$2.5093.8%26.9%30.5%22.0%0.0%0.0%-12.8%6.1K-259.7K-6880.00102.03N/AN/A95501,88716
2026-01-30$3.85$2.5097.8%28.0%31.8%23.2%0.0%0.0%-7.2%9.2K-318.9K-1.2K0.00115.10N/AN/A34302,80016