NGL Options History — April 2013

In April 2013, NGL traded between $26.65 and $29.60. ATM implied volatility averaged 42.2%. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 15.2% (HV 20d: 27.0%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-04-01: Highest Volume — 18 contracts
  • 2013-04-02: Largest IV spike — 112.1% change
  • 2013-04-02: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.06$26.65$29.60$27.44$29.40
Max Pain$27.73$25.00$30.00$25.00$30.00
ATM IV42.2%24.9%85.4%32.5%31.9%
Expected Move9.9%7.1%19.8%9.3%9.1%
HV 20d27.0%19.8%30.7%19.8%28.7%
HV 60d25.5%25.1%25.8%25.6%25.5%
Term Structure-7.0%-56.6%9.4%-14.6%-8.2%
VWIV32.9%31.6%34.2%31.6%34.2%
Skew 25d5.3%-5.6%33.1%1.8%11.9%
Skew 10d5.3%-1.3%13.1%6.6%3.9%
Call IV 25d26.8%11.2%32.7%27.7%32.7%
Put IV 25d32.1%23.9%44.6%29.6%44.6%
Bid-Ask Spread %133.6056.01175.52129.14134.56
Gamma HHI0.530.370.780.480.52
Net GEX2.0K3053.1K3052.1K
Net DEX-86.3K-125.2K-58.3K-66.8K-86.3K
Net VEX-286-364-92-321-283
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.182018180
Total OI77.90967917177

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$27.44$25.0032.5%9.3%19.8%0.0%0.0%1.8%-14.6%305-66.8K-3210.00129.14N/AN/A1804130
2013-04-02$27.95$25.0069.0%19.8%20.2%0.0%0.0%9.9%-37.4%1.1K-93.8K-3380.00174.40N/AN/A005130
2013-04-03$27.40$25.0055.1%15.8%22.0%0.0%0.0%-0.6%-45.2%1.6K-84.4K-3260.00173.78N/AN/A005130
2013-04-04$27.05$25.0057.2%16.4%23.0%0.0%0.0%-0.0%-56.6%1.4K-73.7K-3620.00175.52N/AN/A005130
2013-04-05$26.65$25.0055.9%7.6%24.0%0.0%0.0%-1.9%8.6%1.4K-69.2K-3640.00133.55N/AN/A005130
2013-04-08$27.42$25.0065.5%8.5%25.1%0.0%0.0%-0.8%1.8%1.7K-85.4K-3110.00131.17N/AN/A005130
2013-04-09$27.63$25.0078.1%9.8%24.9%0.0%31.6%-5.6%-3.6%1.7K-89.5K-2980.00124.93N/AN/A1005130
2013-04-10$28.37$25.0085.4%8.3%24.7%0.0%0.0%7.8%3.6%2.6K-106.8K-3100.00130.31N/AN/A006130
2013-04-11$28.15$25.0028.1%8.1%25.3%0.0%0.0%3.9%3.2%2.6K-102.3K-3120.00132.48N/AN/A006130
2013-04-12$27.18$25.0035.4%10.2%29.3%0.0%34.2%7.3%9.4%2.2K-72.3K-3500.00124.54N/AN/A1006130
2013-04-15$27.07$30.0032.9%9.4%29.2%0.0%0.0%-4.0%-0.3%1.1K-58.3K-3120.00133.97N/AN/A005130
2013-04-16$27.45$30.0032.7%9.4%29.2%0.0%0.0%-2.1%-1.5%1.6K-66.1K-2870.00132.56N/AN/A005130
2013-04-17$27.38$30.0035.7%10.2%29.2%0.0%0.0%-4.0%-6.6%1.6K-65.0K-2790.00134.23N/AN/A005130
2013-04-18$27.91$30.0034.0%9.8%29.6%0.0%0.0%2.4%0.2%2.8K-81.6K-2530.00130.10N/AN/A005130
2013-04-19$28.45$30.0032.4%9.3%30.0%0.0%0.0%7.4%1.3%2.6K-91.0K-2630.00130.94N/AN/A005130
2013-04-22$28.55$30.0030.1%8.6%29.9%0.0%0.0%10.2%-6.1%2.7K-92.3K-2480.00130.64N/AN/A005116
2013-04-23$29.16$30.0027.1%7.8%30.4%0.0%0.0%12.3%-4.7%3.1K-99.9K-2300.00128.62N/AN/A005116
2013-04-24$29.60$30.0024.9%7.1%30.6%0.0%0.0%8.4%8.5%1.8K-125.2K-920.0056.01N/AN/A005116
2013-04-25$29.42$30.0029.5%8.5%30.7%0.0%0.0%10.3%-6.1%2.6K-98.9K-2680.00139.05N/AN/A005116
2013-04-26$28.65$30.0028.2%8.1%29.5%0.0%0.0%9.6%-8.7%2.7K-93.1K-2410.00128.54N/AN/A005116
2013-04-29$29.00$30.0026.6%7.6%29.0%0.0%0.0%33.1%7.9%3.0K-95.7K-2340.00130.04N/AN/A0105116
2013-04-30$29.40$30.0031.9%9.1%28.7%0.0%0.0%11.9%-8.2%2.1K-86.3K-2830.00134.56N/AN/A005126