Dorchester Minerals, L.P. (DMLP) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
Dorchester Minerals, L.P. (DMLP) operates in the Energy sector, specifically the Oil & Gas Exploration & Production industry, with a market capitalization near $1.24B, listed on NASDAQ, employing roughly 27 people, carrying a beta of 0.51 to the broader market. Dorchester Minerals, L. Led by Bradley J. Ehrman, public since 2003-02-03.
Snapshot as of Jun 30, 2026.
- Spot Price
- $25.38
- Total OI
- 1.8K
- Total Volume
- 44
- Front Expiration
- 17 days
- Second Expiration
- 52 days
- ATM IV
- 18.4%
- Avg Bid/Ask Spread
- 50.08%
As of Jun 30, 2026, Dorchester Minerals, L.P. (DMLP) has 1.8K open contracts and 44 contracts traded. The nearest expiration is 17 days out, followed by 52 days. ATM implied volatility is 18.4%. Average bid/ask spread across the chain is 50.08%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How DMLP options chain Data Feeds Strategy Selection
Strategy selection on Dorchester Minerals, L.P. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 18.4% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the DMLP chain depth
The listed-expirations table above shows every expiration available for Dorchester Minerals, L.P. options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. DMLP front expiration sits at 17 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.286 means longer-dated tenors price in proportionally more IV.
DMLP chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the DMLP chain is 50.08% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the DMLP chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. DMLP's current 5.28% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
DMLP listed expirations
Per-expiration ATM implied volatility for DMLP options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Jul 17, 2026 | 17 | 18.4% |
| Aug 21, 2026 | 52 | 47.0% |
| Nov 20, 2026 | 143 | 27.4% |
| Feb 19, 2027 | 234 | 32.3% |
Frequently asked DMLP options chain questions
- What does the DMLP options chain show right now?
- As of Jun 30, 2026, Dorchester Minerals, L.P. (DMLP) has 1.8K contracts outstanding and 44 traded today, with ATM IV of 18.4%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for DMLP options?
- The nearest expiration is 17 days out, followed by 52 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are DMLP options bid/ask spreads?
- Average bid/ask spread across the chain is 50.08%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.