NGL Options History — July 2019

In July 2019, NGL traded between $14.81 and $15.57. ATM implied volatility averaged 34.7%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 14.0% (HV 20d: 20.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2019-07-17: Highest Volume — 4,812 contracts
  • 2019-07-08: Largest IV spike — 13.7% change
  • 2019-07-29: Highest IV Rank — 36.8%
  • 2019-07-29: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.20$14.81$15.57$14.90$15.48
Max Pain$14.20$12.50$15.00$12.50$15.00
ATM IV34.7%25.3%43.7%27.2%42.9%
Expected Move10.1%7.3%12.5%7.8%12.3%
HV 20d20.6%18.6%22.3%20.8%20.6%
HV 60d24.3%22.4%25.1%23.9%22.4%
IV Rank23.9%10.5%36.8%13.3%35.6%
IV Percentile37.2%5.2%67.9%9.1%66.3%
Term Structure-3.8%-11.8%7.5%5.9%-11.1%
VWIV36.7%25.5%59.3%27.3%42.4%
Skew 25d7.2%-3.9%19.3%15.2%-0.5%
Skew 10d11.1%-5.5%29.0%26.8%0.5%
Call IV 25d28.0%20.6%41.5%23.4%41.5%
Put IV 25d35.2%28.3%41.6%38.6%41.0%
Bid-Ask Spread %62.287.7890.8915.0689.76
Gamma HHI0.880.740.970.930.76
Net GEX1.1M379.9K2.5M1.2M419.9K
Net DEX-14.3M-21.0M-6.8M-15.4M-9.3M
Net VEX-35.8K-43.4K-31.6K-43.4K-32.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.026.001.011.00
Total Volume893.5451384,812325415
Total OI24,016.04514,73430,01629,66615,716

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$14.90$12.5027.2%7.8%20.8%13.3%27.3%15.2%5.9%1.2M-15.4M-43.4K1.0115.06N/AN/A16216321,8637,803
2019-07-02$14.93$12.5028.0%8.0%20.2%14.4%28.1%4.7%4.3%1.3M-16.0M-43.1K0.9414.72N/AN/A979121,9417,803
2019-07-03$14.81$12.5025.4%7.3%20.2%10.7%25.5%4.2%7.5%1.4M-14.3M-42.3K0.4515.56N/AN/A2039121,9297,812
2019-07-05$15.10$12.5025.3%9.5%21.2%10.5%33.2%5.1%-2.5%1.5M-17.6M-41.8K0.0389.11N/AN/A2,9969722,1317,814
2019-07-08$15.06$12.5028.7%9.5%20.5%15.5%33.1%14.1%-2.7%1.5M-17.1M-40.2K0.0284.52N/AN/A2,6046322,1817,835
2019-07-09$15.22$12.5030.8%9.8%20.4%18.5%34.3%16.8%-3.0%1.1M-17.0M-37.0K0.0984.23N/AN/A4554319,7707,878
2019-07-10$15.57$12.5034.1%9.8%21.7%23.1%32.4%19.3%-2.1%993.0K-21.0M-34.8K0.3683.70N/AN/A55019620,0907,884
2019-07-11$15.22$15.0033.2%9.5%22.3%21.9%27.5%6.2%-2.1%1.3M-17.5M-37.1K0.5684.74N/AN/A1729620,1688,037
2019-07-12$15.14$15.0033.0%9.5%22.1%21.5%29.6%16.2%-2.0%1.6M-16.7M-36.5K0.9486.07N/AN/A12712020,1878,046
2019-07-15$15.24$15.0034.5%9.9%21.9%23.7%59.3%18.2%-3.2%1.4M-17.9M-34.4K0.0284.92N/AN/A369720,2898,052
2019-07-16$15.30$15.0035.8%10.3%20.5%25.6%38.4%6.9%-4.7%1.8M-19.9M-32.6K0.3583.49N/AN/A48616820,2598,049
2019-07-17$15.26$15.0034.4%9.8%20.6%23.5%34.5%14.0%-2.6%2.0M-19.9M-32.3K0.0482.47N/AN/A4,64416820,2788,172
2019-07-18$15.06$15.0036.2%10.4%21.4%26.1%40.8%-3.9%-4.4%2.5M-16.2M-35.3K0.4689.48N/AN/A52424321,2278,197
2019-07-19$15.10$15.0035.4%10.2%21.4%25.0%35.9%-0.9%-5.4%2.2M-20.7M-32.8K0.1589.18N/AN/A1,61624821,1238,254
2019-07-22$15.26$15.0035.3%10.1%21.6%24.9%35.3%3.7%-3.1%384.8K-8.1M-33.0K0.5010.60N/AN/A29614811,5573,177
2019-07-23$15.45$15.0036.4%10.4%20.1%26.5%36.5%7.8%-5.7%398.3K-8.8M-33.6K0.557.78N/AN/A39721711,8293,262
2019-07-24$15.49$15.0039.4%11.3%19.9%30.7%39.6%5.6%-7.9%379.9K-8.9M-35.3K0.6182.14N/AN/A21913412,1653,331
2019-07-25$15.31$15.0042.5%12.2%18.8%35.1%50.5%8.1%-10.9%389.8K-8.6M-33.8K1.4310.93N/AN/A8812612,2083,333
2019-07-26$15.18$15.0038.5%11.0%19.0%29.4%38.3%2.2%-7.1%411.5K-8.0M-32.9K1.0513.53N/AN/A15516212,1883,314
2019-07-29$14.95$15.0043.7%12.5%18.6%36.8%43.7%-2.8%-11.8%390.1K-6.8M-31.6K6.0077.38N/AN/A5231212,2363,321
2019-07-30$15.31$15.0042.1%12.1%20.3%34.6%42.1%-2.0%-9.5%422.4K-8.3M-31.8K0.6690.89N/AN/A835512,2653,379
2019-07-31$15.48$15.0042.9%12.3%20.6%35.6%42.4%-0.5%-11.1%419.9K-9.3M-32.5K1.0089.76N/AN/A20820712,3023,414