NGL Options History — April 2019

In April 2019, NGL traded between $13.98 and $14.74. ATM implied volatility averaged 26.1%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 9.4% (HV 20d: 16.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.32.

Notable Days

  • 2019-04-22: Highest Volume — 1,315 contracts
  • 2019-04-08: Largest IV spike — 91.3% change
  • 2019-04-08: Highest IV Rank — 28.0%
  • 2019-04-08: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.26$13.98$14.74$14.06$14.35
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV26.1%17.9%39.5%32.5%17.9%
Expected Move7.5%5.1%9.3%8.9%5.1%
HV 20d16.7%12.7%21.4%20.7%15.6%
HV 60d35.2%33.5%38.0%38.0%33.5%
IV Rank7.4%0.0%28.0%12.9%0.0%
IV Percentile5.1%0.0%41.3%6.7%0.0%
Term Structure4.4%-3.9%15.5%-3.9%15.5%
VWIV30.7%19.7%39.5%29.8%19.7%
Skew 25d1.8%-8.1%9.0%8.9%-6.1%
Skew 10d3.7%-14.5%18.0%11.4%-8.8%
Call IV 25d28.9%25.7%32.6%32.6%30.0%
Put IV 25d30.7%19.2%41.5%41.5%23.9%
Bid-Ask Spread %81.1174.1488.4777.1286.95
Gamma HHI0.810.650.900.670.85
Net GEX468.9K357.0K584.8K369.4K517.9K
Net DEX-11.5M-12.7M-10.0M-11.9M-10.0M
Net VEX-54.6K-60.4K-50.8K-57.6K-52.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.030.720.140.57
Total Volume455.762851,31541288
Total OI32,781.23823,88237,16636,17825,252

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$14.06$15.0032.5%8.9%20.7%12.9%29.8%8.9%-3.9%369.4K-11.9M-57.6K0.1477.12N/AN/A3605221,81614,362
2019-04-02$14.03$15.0026.3%7.1%20.7%3.2%27.5%9.0%-1.8%395.8K-11.7M-58.1K0.1876.54N/AN/A2754922,11114,412
2019-04-03$13.98$15.0023.9%7.3%20.8%0.0%29.3%6.9%4.2%357.0K-10.8M-60.4K0.2983.64N/AN/A2758122,11114,459
2019-04-04$14.23$15.0034.0%8.5%21.4%15.7%30.5%8.7%5.2%450.5K-12.7M-58.8K0.2879.46N/AN/A36510222,11114,478
2019-04-05$14.24$15.0020.6%8.0%20.5%0.0%31.1%5.8%4.2%527.6K-12.5M-55.5K0.3578.15N/AN/A37213022,02614,528
2019-04-08$14.14$15.0039.5%9.3%19.4%28.0%32.1%8.4%4.1%424.2K-11.9M-57.0K0.2474.14N/AN/A1824422,08914,528
2019-04-09$14.05$15.0027.2%9.0%18.8%9.7%36.5%8.6%4.1%420.9K-11.4M-55.2K0.3977.49N/AN/A2499722,27714,560
2019-04-10$13.99$15.0032.4%9.3%18.9%17.4%37.3%7.1%3.0%392.8K-10.9M-55.6K0.6478.31N/AN/A25416322,25514,585
2019-04-11$13.99$15.0024.7%7.1%18.7%6.0%36.0%8.4%5.8%423.4K-11.0M-52.3K0.7275.33N/AN/A23416822,26114,672
2019-04-12$14.11$15.0025.6%7.3%18.6%7.4%31.0%6.5%4.5%469.1K-11.6M-52.7K0.1879.24N/AN/A3105622,25614,677
2019-04-15$14.07$15.0025.7%7.4%13.6%7.5%30.0%6.7%3.0%463.5K-11.3M-52.1K0.1778.70N/AN/A1562722,32114,719
2019-04-16$14.19$15.0021.4%6.1%13.2%1.1%25.9%8.5%5.9%496.6K-11.6M-51.3K0.0479.41N/AN/A5002122,42014,746
2019-04-17$14.26$15.0021.2%6.1%12.8%0.8%25.2%-6.0%6.3%443.6K-12.1M-50.8K0.0388.47N/AN/A1,1784022,26214,254
2019-04-18$14.20$15.0020.7%5.9%12.7%0.2%25.0%-7.8%6.7%440.8K-11.7M-51.0K0.0882.15N/AN/A5654522,19314,241
2019-04-22$14.55$15.0026.9%7.7%14.3%9.3%30.7%-4.6%4.6%492.3K-10.4M-52.6K0.1480.25N/AN/A1,15116417,4046,478
2019-04-23$14.57$15.0021.5%6.2%13.8%1.3%26.3%-6.9%4.2%525.8K-11.6M-54.5K0.2184.60N/AN/A4559618,2836,515
2019-04-24$14.72$15.0027.3%7.8%13.2%9.8%30.9%-4.4%5.9%572.6K-11.6M-54.9K0.3385.44N/AN/A38112518,4966,545
2019-04-25$14.74$15.0028.7%8.2%13.2%12.0%33.8%-5.7%3.7%584.8K-11.8M-55.0K0.4985.43N/AN/A25612618,6506,550
2019-04-26$14.49$15.0026.2%7.5%14.9%8.2%39.5%-8.1%4.7%507.2K-10.7M-55.5K0.6388.21N/AN/A18011418,6916,551
2019-04-29$14.56$15.0023.9%6.9%14.6%4.8%37.2%-5.2%3.1%571.4K-11.1M-53.2K0.4984.18N/AN/A572818,6956,566
2019-04-30$14.35$15.0017.9%5.1%15.6%0.0%19.7%-6.1%15.5%517.9K-10.0M-52.7K0.5786.95N/AN/A563218,7076,545