NGL Options History — April 2022

In April 2022, NGL traded between $2.01 and $2.30. ATM implied volatility averaged 75.7%, placing in the 28.3% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded above realized volatility by 36.6% (HV 20d: 39.1%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.32.

Notable Days

  • 2022-04-25: Highest Volume — 2,785 contracts
  • 2022-04-11: Largest IV spike — 93.7% change
  • 2022-04-11: Highest IV Rank — 100.0%
  • 2022-04-18: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.19$2.01$2.30$2.25$2.06
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV75.7%48.1%156.5%75.5%54.1%
Expected Move20.5%14.7%24.4%21.3%15.5%
HV 20d39.1%28.3%58.8%58.8%40.4%
HV 60d79.5%75.7%81.0%81.0%75.7%
IV Rank28.3%3.7%100.0%31.2%6.4%
IV Percentile24.9%0.8%100.0%25.4%2.8%
Term Structure16.7%-13.3%52.8%17.2%41.7%
VWIV74.8%62.7%85.5%73.9%62.7%
Bid-Ask Spread %61.4231.5680.4780.4772.93
Gamma HHI0.740.620.790.740.77
Net GEX21.6K12.3K30.3K24.6K19.5K
Net DEX-642.2K-1.1M-244.1K-969.2K-490.6K
Net VEX-12.1K-13.2K-10.8K-13.2K-11.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.007.050.413.42
Total Volume1,052.153272,785683327
Total OI28,246.2522,11631,83330,42427,656

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$2.25$2.5075.5%21.3%58.8%31.2%73.9%0.0%17.2%24.6K-969.2K-13.2K0.4180.47N/AN/A48419922,6407,784
2022-04-04$2.29$2.5048.1%20.7%56.6%3.7%72.2%0.0%10.2%30.3K-641.9K-12.6K1.0256.89N/AN/A24024522,6557,788
2022-04-05$2.25$2.5066.9%21.2%50.2%22.5%73.7%0.0%10.4%27.4K-651.0K-12.6K2.0161.20N/AN/A12224522,7027,738
2022-04-06$2.28$2.5072.4%23.7%49.6%28.1%82.7%0.0%4.9%29.3K-665.8K-12.6K0.6452.90N/AN/A38024522,7027,738
2022-04-07$2.23$2.5063.8%21.0%50.0%19.4%73.4%0.0%11.3%25.5K-408.2K-12.0K2.4764.33N/AN/A16139822,8137,738
2022-04-08$2.24$2.5080.8%22.0%47.9%36.5%76.7%0.0%2.5%27.0K-503.4K-12.2K0.9967.59N/AN/A28828422,8187,764
2022-04-11$2.17$2.50156.5%20.7%31.1%100.0%80.2%0.0%7.0%12.3K-244.1K-10.8K0.4072.43N/AN/A72128922,7797,774
2022-04-12$2.19$2.50133.2%24.3%31.0%79.2%84.9%0.0%-0.5%14.0K-284.8K-11.5K1.1464.28N/AN/A69379223,4047,768
2022-04-13$2.24$2.5076.1%21.8%30.5%28.3%76.1%0.0%10.6%15.9K-326.7K-11.8K7.0562.00N/AN/A2701,90423,9307,703
2022-04-14$2.18$2.5080.3%23.0%28.3%32.0%80.7%0.0%45.2%13.8K-409.2K-11.8K1.2831.56N/AN/A58775224,0567,777
2022-04-18$2.22$2.5085.3%24.4%29.1%36.4%85.5%0.0%-13.3%14.4K-814.3K-12.0K0.1564.83N/AN/A2,33436016,0406,076
2022-04-19$2.28$2.5071.8%20.6%30.3%24.5%71.8%0.0%9.5%22.3K-1.0M-12.8K0.4334.92N/AN/A82835417,8686,135
2022-04-20$2.30$2.5076.2%21.8%29.4%28.3%76.6%0.0%2.3%24.3K-1.1M-12.9K0.5459.48N/AN/A65735418,4316,242
2022-04-21$2.26$2.5069.6%19.9%29.1%22.5%70.1%0.0%9.1%26.2K-1.1M-13.0K0.2973.41N/AN/A1,21435418,8316,242
2022-04-22$2.23$2.5068.0%19.5%29.4%21.1%68.7%0.0%18.0%27.1K-1.1M-12.9K1.0059.87N/AN/A37137019,6186,242
2022-04-25$2.06$2.5071.2%20.4%39.8%23.9%75.3%0.0%8.5%20.3K-666.6K-11.6K0.4861.37N/AN/A1,88789819,4196,228
2022-04-26$2.01$2.5054.9%15.7%39.4%7.1%64.1%0.0%42.3%17.7K-470.8K-11.2K2.1061.50N/AN/A12426020,4116,779
2022-04-27$2.05$2.5051.4%14.7%40.4%3.9%0.0%0.0%44.2%18.8K-455.7K-11.2K0.0060.94N/AN/A367020,4296,782
2022-04-28$2.05$2.5058.3%16.7%40.3%10.2%71.7%0.0%52.8%21.3K-603.5K-11.8K0.5965.40N/AN/A43225320,6436,782
2022-04-29$2.06$2.5054.1%15.5%40.4%6.4%62.7%0.0%41.7%19.5K-490.6K-11.5K3.4272.93N/AN/A7425320,8816,775