NGL Options History — May 2013

In May 2013, NGL traded between $27.50 and $29.97. ATM implied volatility averaged 29.2%. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 7.2% (HV 20d: 22.1%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-05-24: Highest Volume — 30 contracts
  • 2013-05-09: Largest IV spike — 86.1% change
  • 2013-05-31: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.31$27.50$29.97$29.10$27.84
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV29.2%16.7%52.0%31.3%37.0%
Expected Move6.8%5.1%10.6%9.0%10.6%
HV 20d22.1%14.7%27.9%27.9%26.8%
HV 60d23.7%21.8%26.0%25.4%26.0%
Term Structure5.4%-17.6%23.3%-9.4%-8.3%
VWIV24.9%19.3%28.6%24.7%28.6%
Skew 25d12.7%4.0%24.6%13.0%7.6%
Skew 10d9.5%1.8%27.3%3.5%7.6%
Call IV 25d24.1%16.8%34.6%31.1%30.6%
Put IV 25d36.8%26.2%51.6%44.0%38.3%
Bid-Ask Spread %126.4223.74142.12133.71136.18
Gamma HHI0.730.430.910.550.76
Net GEX4.2K1.1K8.6K2.2K4.2K
Net DEX-39.5K-82.4K-9.3K-82.4K-25.1K
Net VEX-242-324-131-276-289
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.27303020
Total OI74.2274910377103

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$29.10$30.0031.3%9.0%27.9%0.0%0.0%13.0%-9.4%2.2K-82.4K-2760.00133.71N/AN/A025126
2013-05-02$29.37$30.0027.2%7.8%27.4%0.0%0.0%11.9%-11.3%1.1K-14.9K-2000.00134.26N/AN/A002128
2013-05-03$29.49$30.0028.2%8.1%26.4%0.0%24.7%10.1%-17.6%1.6K-23.4K-1310.00129.13N/AN/A102128
2013-05-06$29.60$0.0028.7%5.4%24.9%0.0%0.0%24.6%15.6%1.5K-19.4K-1770.00129.13N/AN/A002128
2013-05-07$29.67$0.0027.6%5.9%24.9%0.0%19.3%18.0%11.2%1.6K-18.2K-1920.00121.24N/AN/A2502128
2013-05-08$29.82$30.0016.7%5.2%23.4%0.0%0.0%8.4%1.1%8.6K-49.1K-2270.0023.74N/AN/A004628
2013-05-09$29.92$30.0031.1%5.3%23.1%0.0%0.0%12.2%22.9%5.1K-59.7K-2840.00140.67N/AN/A004628
2013-05-10$29.76$30.0033.2%5.2%18.5%0.0%0.0%12.2%22.9%6.1K-56.1K-2700.00141.31N/AN/A004628
2013-05-13$29.79$30.0039.2%5.3%18.3%0.0%0.0%12.7%23.3%6.5K-57.6K-2390.00142.12N/AN/A004628
2013-05-14$29.00$30.0047.0%6.4%21.1%0.0%0.0%13.3%20.8%4.4K-38.0K-2500.00138.97N/AN/A004628
2013-05-15$29.33$30.0052.0%6.4%21.2%0.0%0.0%12.3%19.9%4.4K-51.4K-2170.00130.12N/AN/A004628
2013-05-16$29.45$30.0020.6%5.9%20.4%0.0%0.0%13.6%21.5%5.8K-50.5K-2170.00139.25N/AN/A004628
2013-05-17$29.38$30.0020.9%6.0%19.5%0.0%0.0%13.6%21.1%5.5K-49.1K-2110.00138.84N/AN/A004628
2013-05-20$29.48$30.0021.1%6.1%19.5%0.0%0.0%14.1%5.3%3.9K-39.3K-1960.00140.40N/AN/A093628
2013-05-21$29.88$30.0017.6%5.1%18.7%0.0%0.0%12.2%1.6%4.8K-40.6K-2560.00140.22N/AN/A003637
2013-05-22$29.80$30.0017.9%5.1%18.0%0.0%0.0%12.3%6.1%4.6K-38.2K-2550.00139.82N/AN/A003637
2013-05-23$29.80$30.0021.8%6.3%17.8%0.0%0.0%18.1%5.2%3.5K-32.1K-2340.0056.18N/AN/A003637
2013-05-24$29.97$30.0029.0%8.3%14.7%0.0%27.1%19.5%-9.0%3.3K-39.5K-2510.00129.64N/AN/A3003637
2013-05-28$28.76$30.0026.9%7.7%20.9%0.0%0.0%8.0%-4.9%5.9K-45.1K-3210.00130.71N/AN/A006637
2013-05-29$27.50$30.0036.4%10.4%25.4%0.0%0.0%4.0%-12.0%3.2K-9.3K-3240.00132.68N/AN/A006637
2013-05-30$28.14$30.0031.8%9.1%26.9%0.0%28.6%8.2%-7.5%4.4K-30.6K-3120.00132.88N/AN/A506637
2013-05-31$27.84$30.0037.0%10.6%26.8%0.0%0.0%7.6%-8.3%4.2K-25.1K-2890.00136.18N/AN/A006637