NGL Options History — March 2013

Name: NGL Options Analytics - March 2013
Creator: Options Analysis Suite

In March 2013, NGL traded between $24.10 and $26.90. ATM implied volatility averaged 45.4%. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 25.7% (HV 20d: 19.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 2.50.

Notable Days

2013-03-28: Highest Volume — 30 contracts
2013-03-12: Largest IV spike — 304.7% change
2013-03-28: Largest Expected Move — 16.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.00	$24.10	$26.90	$24.10	$26.90
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	45.4%	18.6%	124.5%	26.7%	57.9%
Expected Move	10.9%	5.3%	16.6%	7.7%	16.6%
HV 20d	19.7%	13.3%	24.8%	24.8%	20.0%
Term Structure	-12.8%	-43.2%	24.3%	24.3%	-43.2%
VWIV	52.8%	50.3%	55.3%	50.3%	55.3%
Skew 25d	3.6%	-4.3%	11.0%	5.7%	0.7%
Skew 10d	5.9%	-7.0%	16.7%	5.1%	3.0%
Call IV 25d	24.5%	19.9%	32.7%	21.3%	26.2%
Put IV 25d	28.1%	23.2%	32.1%	27.0%	26.9%
Bid-Ask Spread %	152.16	114.73	177.43	142.93	172.12
Gamma HHI	0.45	0.35	1.00	1.00	0.39
Net GEX	-1.1K	-2.4K	-159	-636	-918
Net DEX	10.7K	880	18.2K	8.5K	880
Net VEX	-165	-209	-47	-47	-189
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.50	0.00	10.00	0.00	0.00
Total Volume	2.8	0	30	0	30
Total OI	33.65	17	41	17	41

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-03-01	$24.10	$25.00	26.7%	7.7%	0.0%	0.0%	0.0%	5.7%	24.3%	-636	8.5K	-47	0.00	142.93	N/A	N/A	0	0	1	16
2013-03-04	$24.25	$0.00	29.6%	6.5%	0.0%	0.0%	0.0%	9.6%	-0.4%	-950	12.5K	-83	0.00	122.97	N/A	N/A	0	0	1	16
2013-03-05	$24.14	$0.00	29.0%	6.6%	0.0%	0.0%	0.0%	-1.9%	-0.9%	-833	13.5K	-88	0.00	122.67	N/A	N/A	5	0	1	16
2013-03-06	$24.15	$0.00	85.1%	15.1%	24.8%	0.0%	0.0%	-4.3%	-12.9%	-458	6.6K	-124	0.00	177.11	N/A	N/A	0	0	6	16
2013-03-07	$24.44	$0.00	28.0%	6.0%	24.6%	0.0%	0.0%	0.0%	0.5%	-625	8.8K	-117	0.00	116.84	N/A	N/A	6	0	6	16
2013-03-08	$24.84	$0.00	27.9%	9.4%	24.7%	0.0%	50.3%	11.0%	7.4%	-159	2.3K	-156	10.00	141.11	N/A	N/A	1	10	12	16
2013-03-11	$24.71	$25.00	30.8%	5.6%	24.1%	0.0%	0.0%	10.0%	3.2%	-1.8K	12.7K	-148	0.00	121.09	N/A	N/A	0	0	11	26
2013-03-12	$24.35	$25.00	124.5%	15.1%	24.0%	0.0%	0.0%	-4.2%	-9.4%	-1.6K	18.2K	-188	0.00	176.19	N/A	N/A	0	0	11	26
2013-03-13	$24.57	$25.00	36.3%	5.7%	23.6%	0.0%	0.0%	7.5%	2.3%	-1.8K	17.8K	-183	0.00	120.41	N/A	N/A	0	0	11	26
2013-03-14	$24.55	$25.00	18.6%	5.3%	23.0%	0.0%	0.0%	7.8%	3.3%	-1.8K	18.0K	-185	0.00	114.73	N/A	N/A	0	0	11	26
2013-03-15	$24.90	$25.00	19.4%	5.6%	23.5%	0.0%	0.0%	7.4%	2.0%	-2.4K	15.5K	-177	0.00	121.78	N/A	N/A	0	0	11	26
2013-03-18	$25.25	$25.00	45.3%	13.0%	21.1%	0.0%	55.3%	3.8%	-18.8%	-831	7.6K	-202	0.00	176.98	N/A	N/A	0	4	11	26
2013-03-19	$25.50	$25.00	49.0%	14.1%	17.2%	0.0%	0.0%	5.1%	-27.3%	-978	12.5K	-201	0.00	177.43	N/A	N/A	0	0	11	30
2013-03-20	$25.40	$25.00	50.4%	14.4%	15.7%	0.0%	0.0%	0.5%	-30.0%	-1.1K	10.8K	-209	0.00	172.56	N/A	N/A	0	0	11	30
2013-03-21	$25.40	$25.00	52.1%	14.9%	13.7%	0.0%	0.0%	3.7%	-28.9%	-1.0K	10.7K	-205	0.00	176.81	N/A	N/A	0	0	11	30
2013-03-22	$25.40	$25.00	53.0%	15.2%	13.3%	0.0%	0.0%	3.9%	-30.2%	-1.1K	10.7K	-206	0.00	171.65	N/A	N/A	0	0	11	30
2013-03-25	$25.61	$25.00	55.2%	15.8%	13.5%	0.0%	0.0%	2.2%	-32.2%	-1.0K	9.2K	-200	0.00	173.30	N/A	N/A	0	0	11	30
2013-03-26	$25.83	$25.00	43.9%	12.6%	13.5%	0.0%	0.0%	-2.8%	-30.1%	-1.3K	9.4K	-194	0.00	170.10	N/A	N/A	0	0	11	30
2013-03-27	$25.74	$25.00	45.0%	12.9%	13.7%	0.0%	0.0%	2.0%	-34.0%	-1.2K	7.8K	-195	0.00	174.38	N/A	N/A	0	0	11	30
2013-03-28	$26.90	$25.00	57.9%	16.6%	20.0%	0.0%	0.0%	0.7%	-43.2%	-918	880	-189	0.00	172.12	N/A	N/A	30	0	11	30