NGL Options History — April 2021

In April 2021, NGL traded between $1.92 and $2.23. ATM implied volatility averaged 71.0%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded above realized volatility by 16.0% (HV 20d: 55.1%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.30.

Notable Days

  • 2021-04-28: Highest Volume — 3,601 contracts
  • 2021-04-21: Largest IV spike — 51.6% change
  • 2021-04-13: Highest IV Rank — 37.7%
  • 2021-04-13: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.09$1.92$2.23$2.17$2.14
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV71.0%44.4%127.1%63.1%52.4%
Expected Move21.3%12.7%28.2%18.1%15.0%
HV 20d55.1%49.6%59.2%52.3%49.6%
HV 60d61.8%52.8%69.1%68.6%55.0%
IV Rank13.2%0.0%37.7%7.8%5.9%
IV Percentile16.9%0.0%80.2%5.2%2.8%
Term Structure21.5%-8.5%51.1%44.1%32.5%
VWIV81.7%48.8%103.8%82.5%53.8%
Bid-Ask Spread %16.874.5956.866.2411.31
Gamma HHI0.550.450.750.450.51
Net GEX8.3K-57117.3K90816.0K
Net DEX609.5K-725.5K1.5M702.4K-290.4K
Net VEX-10.0K-11.8K-8.5K-11.8K-10.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.002.360.250.00
Total Volume1,039.095743,601734991
Total OI42,283.71434,20149,70346,54336,285

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$2.17$2.5063.1%18.1%52.3%7.8%82.5%0.0%44.1%908702.4K-11.8K0.256.24N/AN/A58714731,98214,561
2021-04-05$2.07$2.5065.9%25.7%53.6%9.0%89.8%0.0%8.5%5.6K1.4M-9.3K0.1715.85N/AN/A631132,40314,699
2021-04-06$2.20$2.5065.6%23.9%59.2%9.1%83.2%0.0%16.0%-152873.4K-11.3K0.3316.34N/AN/A48416132,40314,739
2021-04-07$2.19$2.5062.9%22.6%58.7%7.9%78.9%0.0%21.6%4821.1M-11.0K0.1416.90N/AN/A2994332,68214,896
2021-04-08$2.17$2.5064.8%24.6%56.9%9.0%85.7%0.0%6.7%6.2K1.4M-9.9K0.0116.79N/AN/A340532,85314,937
2021-04-09$2.23$2.5063.5%23.8%58.4%8.4%82.9%0.0%12.5%-5711.1M-10.7K0.2121.44N/AN/A3858133,11314,942
2021-04-12$2.15$2.5088.2%25.0%57.4%19.8%87.3%0.0%9.3%7.7K1.2M-9.9K2.3614.86N/AN/A33979933,28314,934
2021-04-13$2.08$2.50127.1%28.2%57.5%37.7%98.5%0.0%-8.5%4.3K1.5M-8.8K0.2915.85N/AN/A85124633,29315,057
2021-04-14$2.11$2.5093.1%26.7%56.7%22.0%93.4%0.0%-1.9%5.0K1.4M-9.5K0.5816.79N/AN/A1,69298533,59514,945
2021-04-15$2.12$2.5089.6%25.7%55.5%20.4%89.6%0.0%-0.8%5.2K1.4M-9.6K0.4428.74N/AN/A1,67973334,29415,169
2021-04-16$2.03$2.5085.5%24.5%57.1%18.5%84.9%0.0%9.2%7.3K1.3M-9.4K0.4911.31N/AN/A1,43069435,17114,532
2021-04-19$1.99$2.5065.2%18.7%53.7%9.7%90.4%0.0%51.1%8.4K126.8K-9.6K0.095.15N/AN/A1,50613924,9719,230
2021-04-20$1.92$2.5049.0%14.0%52.4%1.8%52.0%0.0%35.3%12.0K255.5K-8.8K0.118.90N/AN/A3133326,0299,221
2021-04-21$1.95$2.5074.3%21.3%52.7%14.1%103.8%0.0%32.2%10.1K14.7K-9.7K0.0453.27N/AN/A1,0823926,2049,237
2021-04-22$1.96$2.5067.7%19.4%52.7%11.6%90.5%0.0%32.7%10.7K232.2K-9.1K0.007.25N/AN/A347127,0479,264
2021-04-23$1.95$2.5052.3%15.0%51.7%3.6%0.0%0.0%32.0%13.4K381.9K-8.5K0.014.59N/AN/A295227,1989,266
2021-04-26$2.08$2.5044.4%12.7%56.8%0.0%48.8%0.0%43.4%13.4K132.0K-9.7K0.1456.86N/AN/A6008127,2729,264
2021-04-27$2.10$2.5051.1%14.6%56.7%4.1%62.7%0.0%37.3%14.0K-93.7K-10.1K0.059.79N/AN/A4032027,5308,781
2021-04-28$2.16$2.5076.7%22.0%54.8%23.8%85.8%0.0%34.6%17.3K-725.5K-11.7K0.079.79N/AN/A3,38022127,7158,788
2021-04-29$2.17$2.5089.1%25.5%51.6%32.9%89.1%0.0%4.4%16.1K-488.7K-11.2K0.526.33N/AN/A20710727,5668,607
2021-04-30$2.14$2.5052.4%15.0%49.6%5.9%53.8%0.0%32.5%16.0K-290.4K-10.7K0.0011.31N/AN/A989227,5718,714