NGL Options History — June 2019

In June 2019, NGL traded between $13.98 and $15.06. ATM implied volatility averaged 29.4%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 6.4% (HV 20d: 22.9%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2019-06-25: Highest Volume — 780 contracts
  • 2019-06-26: Largest IV spike — 30.3% change
  • 2019-06-03: Highest IV Rank — 20.6%
  • 2019-06-03: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.49$13.98$15.06$14.73$14.84
Max Pain$12.88$12.50$15.00$15.00$12.50
ATM IV29.4%22.6%32.4%32.4%27.7%
Expected Move8.4%6.5%9.3%9.3%7.9%
HV 20d22.9%18.2%27.3%27.3%21.4%
HV 60d23.4%22.8%24.2%24.2%24.2%
IV Rank16.4%6.8%20.6%20.6%14.0%
IV Percentile11.7%2.8%17.9%15.5%9.9%
Term Structure1.9%-1.1%6.3%-0.6%4.8%
VWIV29.5%26.9%32.4%32.4%27.7%
Skew 25d1.5%-6.6%13.0%-0.6%3.6%
Skew 10d4.7%-3.7%18.8%0.3%5.9%
Call IV 25d27.6%24.3%30.4%29.2%25.1%
Put IV 25d29.1%22.3%40.0%28.6%28.7%
Bid-Ask Spread %52.0910.5869.7169.1063.94
Gamma HHI0.850.820.920.850.92
Net GEX864.3K721.9K1.1M781.0K1.1M
Net DEX-12.3M-17.4M-7.9M-14.8M-15.1M
Net VEX-48.0K-56.7K-38.1K-55.8K-45.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.102.020.161.80
Total Volume410.85138780446760
Total OI31,730.628,48732,81932,03429,582

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$14.73$15.0032.4%9.3%27.3%20.6%32.4%-0.6%-0.6%781.0K-14.8M-55.8K0.1669.10N/AN/A3836322,2279,807
2019-06-04$14.95$15.0030.9%8.9%26.4%18.6%31.9%1.2%-1.1%841.3K-16.6M-56.7K0.1360.90N/AN/A4526022,4749,849
2019-06-05$15.06$15.0030.8%8.8%26.3%18.4%30.8%3.3%0.3%856.6K-17.4M-56.5K0.2729.04N/AN/A3208622,5029,850
2019-06-06$14.93$12.5030.9%8.7%26.5%18.5%30.5%4.8%0.7%874.6K-16.7M-55.8K0.4719.53N/AN/A25912222,7309,898
2019-06-07$14.72$12.5029.8%8.8%26.6%17.0%30.2%0.8%1.0%892.6K-14.8M-55.0K0.9012.43N/AN/A17716022,8119,902
2019-06-10$14.59$12.5030.8%8.6%25.2%18.4%30.0%0.3%1.7%909.3K-13.2M-52.7K1.1210.58N/AN/A657322,8079,938
2019-06-11$14.62$12.5029.5%8.4%25.2%16.6%29.9%1.2%2.4%950.2K-13.6M-52.4K0.4910.98N/AN/A1396822,7979,976
2019-06-12$14.36$12.5029.3%8.4%21.6%16.3%29.5%11.3%2.6%853.8K-11.4M-49.9K0.3360.35N/AN/A1775922,7939,977
2019-06-13$14.56$12.5030.0%8.6%22.0%17.3%30.0%-0.5%0.9%942.0K-12.3M-49.4K0.3163.50N/AN/A56017122,7939,981
2019-06-14$14.45$12.5031.6%9.0%21.7%19.5%29.3%-1.5%0.2%889.4K-11.9M-49.0K0.9461.97N/AN/A18117122,7469,948
2019-06-17$14.20$12.5030.3%8.7%22.4%17.7%28.3%7.8%1.8%807.6K-9.5M-44.0K0.8365.62N/AN/A1159622,7339,938
2019-06-18$14.19$12.5030.7%8.8%22.4%18.3%30.7%-4.7%1.3%793.3K-9.6M-44.0K1.1162.47N/AN/A879722,76210,019
2019-06-19$14.20$12.5030.6%8.8%21.9%18.1%29.9%-4.2%1.4%795.7K-9.6M-43.6K0.9867.30N/AN/A918922,76810,043
2019-06-20$14.22$12.5029.9%8.6%21.7%17.1%26.9%-2.9%1.9%787.4K-9.9M-43.3K0.2562.76N/AN/A3067622,7809,910
2019-06-21$14.30$12.5028.3%8.1%18.2%14.8%28.3%-1.9%4.0%824.8K-10.0M-42.6K0.2766.87N/AN/A2978022,8989,921
2019-06-24$14.03$12.5024.0%6.9%19.1%8.7%29.5%-6.6%1.8%756.0K-8.9M-39.5K0.1554.27N/AN/A2614021,0577,430
2019-06-25$13.98$12.5022.6%6.5%18.8%6.8%27.4%-5.0%6.3%721.9K-7.9M-38.1K0.1069.71N/AN/A7107021,2327,454
2019-06-26$14.38$12.5029.5%8.5%21.7%16.5%29.5%10.9%3.4%891.9K-10.8M-42.3K1.2165.75N/AN/A32339021,3447,474
2019-06-27$14.53$12.5027.7%7.9%22.0%14.0%27.7%13.0%3.9%987.0K-11.5M-42.9K2.0264.79N/AN/A19339021,6217,840
2019-06-28$14.84$12.5027.7%7.9%21.4%14.0%27.7%3.6%4.8%1.1M-15.1M-45.2K1.8063.94N/AN/A27148921,7337,849