NGL Options History — August 2015

In August 2015, NGL traded between $23.02 and $27.21. ATM implied volatility averaged 45.3%, placing in the 47.9% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 2.3% (HV 20d: 47.6%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 3.34.

Notable Days

  • 2015-08-05: Highest Volume — 5,322 contracts
  • 2015-08-26: Largest IV spike — 67.2% change
  • 2015-08-26: Highest IV Rank — 100.0%
  • 2015-08-26: Largest Expected Move — 23.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.26$23.02$27.21$27.08$24.18
Max Pain$25.71$25.00$30.00$30.00$25.00
ATM IV45.3%34.4%80.9%42.4%62.0%
Expected Move13.3%9.9%23.2%12.2%17.8%
HV 20d47.6%42.7%51.2%47.0%48.7%
HV 60d37.5%32.8%40.7%32.8%40.7%
IV Rank47.9%31.4%100.0%44.0%71.5%
IV Percentile67.2%41.3%100.0%67.1%96.0%
Term Structure-2.9%-32.6%19.2%-11.6%-9.3%
VWIV43.1%26.2%60.2%39.2%60.2%
Skew 25d7.0%-11.6%54.4%12.5%-1.2%
Skew 10d10.0%-14.6%80.7%17.6%10.4%
Call IV 25d41.3%27.4%57.0%30.1%53.0%
Put IV 25d48.2%32.1%96.6%42.6%51.8%
Bid-Ask Spread %107.7993.43117.29114.43109.06
Gamma HHI0.600.330.820.480.42
Net GEX167.0K-21.4K338.5K88.2K65.3K
Net DEX7.5M3.6M13.2M13.2M5.7M
Net VEX-18.8K-24.4K-13.3K-15.1K-17.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.340.0815.430.140.60
Total Volume2,693.71405,3224,5701,187
Total OI13,339.38111,39015,04411,39012,061

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-08-03$27.08$30.0042.4%12.2%47.0%44.0%0.0%12.5%-11.6%88.2K13.2M-15.1K0.14114.43N/AN/A4,0205503,3658,025
2015-08-04$26.31$30.0034.4%9.9%45.8%31.4%39.2%-5.2%0.9%314.8K9.9M-24.4K0.09106.31N/AN/A4,8464137,3807,529
2015-08-05$24.90$30.0047.2%13.5%47.4%51.4%46.6%-11.6%-6.1%179.1K10.7M-22.5K0.10101.09N/AN/A4,8494737,3807,529
2015-08-06$24.50$25.0045.1%11.9%45.6%48.2%26.2%11.1%-4.0%134.5K11.2M-19.5K0.08103.36N/AN/A4,8484097,3857,569
2015-08-07$24.39$25.0043.5%15.3%45.7%45.7%46.0%-7.7%-0.5%55.7K11.8M-16.9K0.10107.50N/AN/A4,7674747,3877,578
2015-08-10$25.74$25.0037.2%14.0%50.9%35.8%40.7%54.4%-16.3%191.1K11.3M-16.1K0.59109.71N/AN/A8124837,3877,652
2015-08-11$25.63$25.0038.6%12.3%50.9%37.9%39.3%2.5%-0.1%235.7K10.1M-24.0K14.24108.40N/AN/A1522,1657,3727,672
2015-08-12$26.59$25.0044.2%12.7%50.9%46.7%41.1%7.4%-6.8%272.3K4.8M-21.3K3.4693.43N/AN/A6882,3807,4625,718
2015-08-13$26.37$25.0036.9%10.6%49.8%35.3%38.2%-1.5%-1.4%268.8K5.0M-22.2K3.4694.49N/AN/A6882,3807,4675,718
2015-08-14$27.21$25.0034.8%10.0%51.2%31.9%33.5%6.8%11.8%334.7K3.6M-22.9K3.32105.67N/AN/A7172,3807,4675,718
2015-08-17$26.82$25.0044.4%12.7%47.5%47.1%43.0%4.8%19.2%335.5K4.5M-24.3K3.22115.44N/AN/A7172,3067,4565,718
2015-08-18$26.75$25.0037.8%10.8%46.4%36.6%40.5%5.4%11.3%338.5K5.0M-20.2K3.35112.31N/AN/A6922,3157,4565,717
2015-08-19$25.96$25.0037.6%10.8%45.9%36.4%0.0%13.4%8.9%223.7K5.6M-18.7K0.00111.69N/AN/A007,4415,725
2015-08-20$25.22$25.0043.6%12.5%46.9%45.8%43.2%-0.2%-2.2%192.6K5.5M-18.9K3.34112.07N/AN/A6922,3107,4565,725
2015-08-21$24.51$25.0035.6%10.2%46.8%33.3%37.3%-6.4%1.8%117.1K6.6M-15.3K3.34100.99N/AN/A6912,3107,4565,722
2015-08-24$23.34$25.0048.1%13.8%48.5%52.9%58.1%2.2%0.8%-21.4K7.5M-13.3K15.43115.81N/AN/A1502,3146,8455,583
2015-08-25$23.05$25.0048.4%13.9%45.7%53.3%32.3%14.8%-18.6%3.7K7.2M-13.6K2.99116.23N/AN/A1504486,8565,593
2015-08-26$23.02$25.0080.9%23.2%42.7%100.0%47.0%27.8%-32.6%31.8K6.6M-16.7K2.99117.29N/AN/A1504486,8565,459
2015-08-27$24.12$25.0052.6%15.1%46.7%57.5%51.1%12.8%1.3%78.2K6.3M-16.0K2.9897.47N/AN/A1504476,8565,325
2015-08-28$24.83$25.0056.9%16.3%48.5%63.8%55.0%4.0%-6.5%66.3K5.8M-14.7K2.98110.76N/AN/A1504476,8565,205
2015-08-31$24.18$25.0062.0%17.8%48.7%71.5%60.2%-1.2%-9.3%65.3K5.7M-17.9K0.60109.06N/AN/A7404476,8565,205