DLNG Options History — March 2026

In March 2026, DLNG traded between $3.81 and $4.40. ATM implied volatility averaged 71.1%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 25.3% (HV 20d: 45.8%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.03.

Notable Days

  • 2026-03-19: Highest Volume — 1,024 contracts
  • 2026-03-16: Largest IV spike — 44.7% change
  • 2026-03-02: Highest IV Rank — 27.8%
  • 2026-03-02: Largest Expected Move — 33.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.16$3.81$4.40$3.90$4.29
Max Pain$2.84$2.50$5.00$5.00$2.50
ATM IV71.1%41.9%116.0%116.0%72.3%
Expected Move17.1%6.1%33.3%33.3%20.7%
HV 20d45.8%34.4%53.5%34.4%52.1%
HV 60d35.6%30.7%40.0%31.1%39.9%
IV Rank12.6%1.6%27.8%27.8%14.0%
IV Percentile20.9%2.0%53.2%53.2%21.0%
Term Structure10.2%-28.9%78.5%-21.8%-18.5%
VWIV92.1%29.6%171.6%133.0%168.6%
Bid-Ask Spread %78.2842.48134.13118.2857.35
Gamma HHI0.980.941.000.971.00
Net GEX25.0K15.7K37.1K15.8K32.9K
Net DEX-562.5K-763.6K-363.1K-383.0K-644.3K
Net VEX-2.3K-2.8K-1.6K-1.7K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.430.080.00
Total Volume177.59141,0241352
Total OI4,819.2274,0425,3104,0425,295

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$3.90$5.00116.0%33.3%34.4%27.8%133.0%0.0%-21.8%15.8K-383.0K-1.7K0.08118.28N/AN/A1214,00636
2026-03-03$3.97$5.0098.3%28.2%34.9%21.5%0.0%0.0%-28.9%15.9K-492.7K-2.2K0.00123.29N/AN/A704,01536
2026-03-04$4.19$5.00110.2%31.6%39.4%25.7%0.0%0.0%-9.1%21.9K-537.0K-2.2K0.00134.13N/AN/A6704,01236
2026-03-05$4.28$2.5080.1%16.6%39.8%15.1%52.4%0.0%-6.6%21.8K-557.3K-2.3K0.0090.82N/AN/A22304,15936
2026-03-06$4.33$2.5068.9%15.8%39.5%11.1%47.7%0.0%-4.3%26.5K-654.0K-2.7K0.0099.02N/AN/A41724,13836
2026-03-09$4.40$2.5079.1%19.2%39.7%14.7%65.4%0.0%-15.6%24.9K-734.0K-2.8K0.19118.66N/AN/A5331004,39338
2026-03-10$4.25$2.5079.0%13.1%41.9%14.7%29.6%0.0%16.1%24.4K-550.2K-2.4K0.01116.56N/AN/A10914,694138
2026-03-11$4.22$2.5052.8%15.1%41.4%5.4%0.0%0.0%11.9%24.8K-588.3K-2.5K0.00115.60N/AN/A2604,742139
2026-03-12$4.17$2.5048.0%15.6%41.8%3.7%0.0%0.0%8.1%24.3K-553.4K-2.4K0.0072.90N/AN/A29014,740139
2026-03-13$4.02$2.5041.9%6.1%43.9%1.6%171.6%0.0%3.9%21.2K-423.8K-1.8K0.0059.57N/AN/A13504,943140
2026-03-16$3.81$2.5060.7%10.6%47.1%8.2%87.5%0.0%4.7%15.7K-363.1K-1.6K0.4348.83N/AN/A162704,892140
2026-03-17$3.94$2.5072.5%9.7%48.8%12.6%133.4%0.0%13.8%17.8K-445.7K-1.9K0.0047.64N/AN/A2904,919140
2026-03-18$4.02$2.5069.2%9.3%49.3%12.3%0.0%0.0%0.1%22.0K-451.2K-1.9K0.0050.76N/AN/A7504,830140
2026-03-19$4.33$2.5066.8%19.2%53.5%12.0%66.8%0.0%49.8%25.7K-590.2K-2.4K0.0042.48N/AN/A1,02404,882140
2026-03-20$4.15$2.5060.0%17.2%51.3%9.6%60.1%0.0%19.5%30.7K-646.8K-2.5K0.0061.67N/AN/A23805,170140
2026-03-23$4.25$2.5054.7%15.7%51.7%7.8%54.7%0.0%78.5%37.1K-763.6K-2.7K0.0086.75N/AN/A10004,99039
2026-03-24$4.16$2.5061.2%9.1%51.3%10.1%0.0%0.0%38.3%26.4K-529.5K-2.2K0.0057.24N/AN/A3505,01539
2026-03-25$4.12$2.5059.7%9.7%51.4%9.7%110.8%0.0%50.8%25.4K-562.6K-2.3K0.0051.24N/AN/A1305,04139
2026-03-26$4.20$2.5075.0%21.5%51.5%15.0%107.3%0.0%46.1%31.3K-652.1K-2.5K0.0252.21N/AN/A4615,04939
2026-03-27$4.26$2.5066.6%19.1%51.6%12.0%168.6%0.0%-9.0%33.8K-679.2K-2.5K0.0058.84N/AN/A13405,12940
2026-03-30$4.19$2.5070.5%20.2%51.8%13.4%0.0%0.0%-2.2%28.8K-573.0K-2.2K0.0058.39N/AN/A405,25940
2026-03-31$4.29$2.5072.3%20.7%52.1%14.0%0.0%0.0%-18.5%32.9K-644.3K-2.4K0.0057.35N/AN/A5205,25540