DLNG Options History — February 2026

In February 2026, DLNG traded between $3.77 and $4.07. ATM implied volatility averaged 103.3%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 29.4%. IV traded above realized volatility by 72.8% (HV 20d: 30.6%). 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 3 of 19 days. Put/call ratio averaged 0.01.

Notable Days

  • 2026-02-19: Highest Volume — 966 contracts
  • 2026-02-24: Largest IV spike — 78.4% change
  • 2026-02-19: Highest IV Rank — 39.1%
  • 2026-02-19: Largest Expected Move — 41.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.91$3.77$4.07$3.84$3.95
Max Pain$4.47$2.50$5.00$2.50$5.00
ATM IV103.3%60.8%146.2%105.4%74.7%
Expected Move29.4%17.4%41.9%30.2%21.4%
HV 20d30.6%22.9%36.2%31.7%35.1%
HV 60d32.5%30.8%33.9%32.6%31.1%
IV Rank23.8%8.2%39.1%25.0%13.2%
IV Percentile46.0%15.5%71.8%50.8%23.0%
Term Structure-47.8%-97.4%54.7%41.6%-24.7%
VWIV116.1%114.3%117.9%117.9%114.3%
Bid-Ask Spread %127.7191.54152.03102.53110.14
Gamma HHI0.910.811.000.930.91
Net GEX11.3K8.4K17.0K9.5K15.3K
Net DEX-405.4K-571.6K-325.4K-356.0K-403.8K
Net VEX-1.6K-2.3K-1.0K-1.4K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.110.000.00
Total Volume1780966810
Total OI3,302.1582,8664,1153,0684,032

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$3.84$2.50105.4%30.2%31.7%25.0%0.0%0.0%41.6%9.5K-356.0K-1.4K0.00102.53N/AN/A803,05216
2026-02-03$3.89$2.50105.7%30.3%32.0%24.9%0.0%0.0%54.7%10.4K-343.9K-1.4K0.00124.72N/AN/A15503,06916
2026-02-04$3.90$2.50105.3%30.2%31.6%24.8%0.0%0.0%40.4%11.5K-373.1K-1.6K0.1191.54N/AN/A105123,13716
2026-02-05$3.86$5.00103.9%31.6%31.9%24.3%0.0%0.0%-81.9%11.1K-375.9K-1.7K0.00148.74N/AN/A27303,18636
2026-02-06$3.87$5.0091.0%34.1%31.7%19.7%0.0%0.0%-82.7%9.1K-415.6K-1.6K0.00152.03N/AN/A20903,03636
2026-02-09$3.83$5.00129.8%34.7%32.0%33.3%0.0%0.0%-87.4%9.8K-389.6K-1.5K0.00146.68N/AN/A11602,92336
2026-02-10$3.77$5.00139.5%29.1%28.2%36.7%0.0%0.0%-90.7%9.6K-325.4K-1.4K0.00123.79N/AN/A43003,03436
2026-02-11$3.81$5.00105.8%30.3%26.1%25.0%0.0%0.0%-84.4%8.4K-396.9K-1.3K0.00135.63N/AN/A602,84336
2026-02-12$3.88$5.00117.9%33.8%22.9%29.2%0.0%0.0%-89.8%9.5K-410.8K-1.4K0.00149.18N/AN/A1402,84536
2026-02-13$3.98$5.00117.0%33.5%24.4%28.8%0.0%0.0%-82.0%9.9K-440.1K-1.4K0.00147.36N/AN/A1802,83036
2026-02-17$3.98$5.00102.2%29.3%24.0%23.7%0.0%0.0%-88.1%10.1K-402.3K-1.3K0.00124.07N/AN/A13302,83736
2026-02-18$3.96$5.00103.7%29.7%23.8%24.2%0.0%0.0%-90.4%10.1K-368.8K-1.1K0.00125.29N/AN/A23702,96436
2026-02-19$3.81$5.00146.2%41.9%27.3%39.1%117.9%0.0%-97.4%9.3K-359.8K-1.0K0.00147.15N/AN/A96603,11236
2026-02-20$4.07$2.5099.3%28.5%35.6%21.9%114.3%0.0%-84.8%17.0K-571.6K-2.3K0.00128.11N/AN/A26014,07936
2026-02-23$4.03$5.0060.8%17.4%34.9%8.2%0.0%0.0%-14.1%14.4K-500.8K-2.0K0.00114.86N/AN/A11203,78136
2026-02-24$3.92$5.00108.4%31.1%36.2%25.1%0.0%0.0%-6.2%13.7K-433.2K-1.9K0.07133.67N/AN/A1413,70136
2026-02-25$3.90$5.0070.3%20.1%35.6%11.6%0.0%0.0%-17.0%11.5K-438.9K-1.8K0.00110.46N/AN/A30203,69636
2026-02-26$3.96$5.0076.5%21.9%35.6%13.8%0.0%0.0%-23.6%14.6K-396.2K-1.7K0.00110.53N/AN/A003,99636
2026-02-27$3.95$5.0074.7%21.4%35.1%13.2%0.0%0.0%-24.7%15.3K-403.8K-1.9K0.00110.14N/AN/A1003,99636