NGL Options History — January 2021

In January 2021, NGL traded between $2.44 and $3.12. ATM implied volatility averaged 107.3%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 32.1%. IV traded above realized volatility by 36.3% (HV 20d: 71.1%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.38.

Notable Days

  • 2021-01-21: Highest Volume — 28,526 contracts
  • 2021-01-21: Largest IV spike — 80.0% change
  • 2021-01-21: Highest IV Rank — 48.0%
  • 2021-01-21: Largest Expected Move — 44.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.79$2.44$3.12$2.44$2.74
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV107.3%62.1%156.6%101.6%144.4%
Expected Move32.1%24.4%44.9%30.0%41.4%
HV 20d71.1%52.2%94.0%62.5%90.1%
HV 60d90.3%82.8%97.0%93.9%82.8%
IV Rank30.2%15.4%48.0%31.2%43.1%
IV Percentile54.8%17.9%85.7%59.1%82.1%
Term Structure2.9%-6.2%16.5%1.2%-6.2%
VWIV122.4%84.8%204.1%104.7%149.6%
Bid-Ask Spread %21.7110.6032.4219.9721.01
Gamma HHI0.720.490.960.490.49
Net GEX13.5K4.5K18.3K14.8K9.1K
Net DEX-1.2M-2.1M-360.8K-459.5K-1.2M
Net VEX-8.9K-13.4K-4.0K-6.6K-13.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.001.590.720.65
Total Volume2,766.21123628,5262362,202
Total OI25,683.47417,64835,85621,13835,856

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$2.44$2.50101.6%30.0%62.5%31.2%104.7%0.0%1.2%14.8K-459.5K-6.6K0.7219.97N/AN/A1379917,1613,977
2021-01-05$2.57$2.5079.8%26.6%65.0%23.1%92.7%0.0%8.1%17.4K-593.4K-6.7K0.3210.65N/AN/A2708717,2284,059
2021-01-06$2.62$2.5097.8%27.4%64.5%29.8%95.6%0.0%-4.8%9.2K-903.0K-6.3K0.1521.68N/AN/A5147617,2494,140
2021-01-07$2.78$2.5062.1%27.2%63.8%16.2%94.8%0.0%-0.6%17.2K-1.0M-7.0K0.1320.25N/AN/A3794917,7314,193
2021-01-08$2.79$2.5080.4%25.1%63.8%23.1%87.1%0.0%9.2%17.5K-1.0M-7.4K0.0028.71N/AN/A919417,6964,153
2021-01-11$2.74$2.5065.9%28.0%55.8%15.4%97.6%0.0%2.5%18.3K-1.0M-7.5K1.5921.95N/AN/A28244718,3074,153
2021-01-12$2.85$2.5088.4%26.6%54.5%22.8%92.7%0.0%3.2%12.7K-1.2M-7.6K0.5526.61N/AN/A45324918,3664,583
2021-01-13$2.93$2.5097.5%27.9%55.0%25.0%97.6%0.0%1.8%13.3K-1.2M-8.3K0.5830.66N/AN/A23213418,2574,812
2021-01-14$2.95$2.5089.0%25.5%53.7%21.5%87.9%0.0%8.2%4.5K-1.1M-4.0K0.1822.18N/AN/A3065418,2844,943
2021-01-15$2.88$2.5095.7%27.4%53.9%24.2%96.2%0.0%-2.9%11.6K-948.4K-7.3K0.8030.78N/AN/A34827918,1714,924
2021-01-19$2.89$2.5085.2%24.4%52.2%20.0%84.8%0.0%9.7%12.8K-649.9K-7.3K0.2517.12N/AN/A1,30932413,4444,204
2021-01-20$2.61$2.5087.0%24.9%63.7%20.0%87.0%0.0%7.5%8.1K-360.8K-7.3K0.1325.41N/AN/A2,88237114,0514,520
2021-01-21$3.12$2.50156.6%44.9%89.7%48.0%196.8%0.0%-4.5%15.8K-1.9M-12.4K0.2120.76N/AN/A23,6434,88316,3634,884
2021-01-22$2.97$2.50126.7%36.3%91.6%36.0%161.1%0.0%16.5%15.6K-2.1M-12.0K0.1018.85N/AN/A3,58835723,8998,702
2021-01-25$2.80$2.50142.8%40.9%93.6%42.5%155.6%0.0%2.5%14.2K-1.7M-11.0K0.2810.60N/AN/A2,72375724,8378,829
2021-01-26$2.73$2.50135.2%38.8%94.0%39.4%147.1%0.0%3.8%14.6K-1.7M-12.0K0.2113.74N/AN/A1,35928825,9929,137
2021-01-27$2.80$2.50153.0%43.9%92.0%46.6%192.1%0.0%3.5%14.7K-1.8M-12.4K0.3319.16N/AN/A99033026,0379,393
2021-01-28$2.74$2.50150.5%43.1%90.8%45.6%204.1%0.0%-3.7%14.5K-1.7M-12.0K0.0732.42N/AN/A1,1587625,9569,495
2021-01-29$2.74$2.50144.4%41.4%90.1%43.1%149.6%0.0%-6.2%9.1K-1.2M-13.4K0.6521.01N/AN/A1,33586726,3119,545