NGL Options History — May 2022

In May 2022, NGL traded between $1.86 and $2.05. ATM implied volatility averaged 85.3%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 25.8%. IV traded above realized volatility by 46.1% (HV 20d: 39.2%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2022-05-27: Highest Volume — 1,459 contracts
  • 2022-05-26: Largest IV spike — 74.2% change
  • 2022-05-26: Highest IV Rank — 61.5%
  • 2022-05-26: Largest Expected Move — 32.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.95$1.86$2.05$2.05$1.93
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV85.3%58.2%114.8%64.4%66.7%
Expected Move25.8%16.7%32.9%18.5%19.1%
HV 20d39.2%31.7%42.9%40.1%37.5%
HV 60d53.4%45.0%75.6%75.6%45.7%
IV Rank34.5%10.2%61.5%15.8%17.2%
IV Percentile46.9%6.0%94.8%11.9%12.3%
Term Structure0.4%-39.9%43.1%43.1%30.8%
VWIV118.7%63.7%230.4%79.1%200.0%
Bid-Ask Spread %53.768.9090.5858.0110.02
Gamma HHI0.680.610.730.630.73
Net GEX10.8K8.3K13.1K11.2K12.3K
Net DEX-350.6K-511.5K-139.5K-511.5K-489.5K
Net VEX-10.3K-11.1K-9.6K-11.0K-10.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.242.251.040.68
Total Volume794.7624961,459496732
Total OI27,495.95223,69329,32827,76525,848

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$2.05$2.5064.4%18.5%40.1%15.8%79.1%0.0%43.1%11.2K-511.5K-11.0K1.0458.01N/AN/A24325320,9906,775
2022-05-03$2.03$2.5058.2%16.7%39.3%10.2%63.7%0.0%41.6%11.5K-487.5K-10.9K0.8058.48N/AN/A31725321,1526,775
2022-05-04$2.05$2.5068.3%19.6%39.4%19.3%83.8%0.0%42.2%11.7K-433.9K-11.1K0.9258.01N/AN/A42339121,2666,765
2022-05-05$1.96$2.5074.3%31.0%41.3%24.8%108.9%0.0%-16.5%10.6K-427.4K-11.0K0.7880.09N/AN/A43733921,5556,865
2022-05-06$1.98$2.5068.5%28.2%41.4%19.6%98.1%0.0%-2.4%11.2K-478.4K-10.9K0.5788.15N/AN/A59033921,7206,899
2022-05-09$1.91$2.5080.8%29.7%42.5%30.8%105.4%0.0%-7.2%10.8K-379.2K-10.5K0.9588.71N/AN/A35934221,8856,899
2022-05-10$1.89$2.5081.3%27.1%41.6%30.6%81.7%0.0%-8.3%10.6K-424.3K-10.4K1.6090.57N/AN/A20733221,9136,899
2022-05-11$1.91$2.50101.4%29.1%41.6%49.2%112.9%0.0%0.7%9.3K-173.8K-10.0K1.6586.76N/AN/A23138121,9056,899
2022-05-12$1.86$2.5090.4%25.9%40.7%39.1%106.5%0.0%-0.8%8.3K-278.2K-9.9K1.5957.61N/AN/A24038121,9586,949
2022-05-13$1.92$2.5086.3%24.8%42.6%35.3%94.0%0.0%-9.3%11.2K-139.5K-9.9K0.8690.58N/AN/A37232121,9706,949
2022-05-16$1.93$2.50102.6%29.4%41.8%50.3%101.8%0.0%-8.6%11.3K-280.5K-10.1K1.3485.08N/AN/A23932122,0986,951
2022-05-17$2.00$2.5084.4%24.2%42.9%33.5%91.2%0.0%-7.8%13.1K-271.7K-10.4K0.8424.64N/AN/A38432222,1556,941
2022-05-18$1.97$2.5087.6%25.1%42.6%36.5%93.1%0.0%-9.8%11.9K-277.9K-10.3K1.9821.44N/AN/A23546622,2826,941
2022-05-19$1.94$2.50107.7%30.9%42.5%55.0%145.9%0.0%-11.3%9.5K-288.6K-10.3K2.2568.88N/AN/A21949222,3127,016
2022-05-20$1.92$2.5096.5%27.7%42.5%44.6%226.8%0.0%-18.2%9.7K-292.6K-10.0K0.9564.90N/AN/A45743622,3326,452
2022-05-23$1.91$2.5097.9%28.1%33.0%45.9%101.6%0.0%-2.5%11.9K-432.1K-10.0K0.4737.37N/AN/A83939517,5306,163
2022-05-24$1.91$2.5095.2%27.3%32.0%43.5%113.2%0.0%-5.3%9.4K-382.0K-10.0K0.5017.90N/AN/A78439517,9256,163
2022-05-25$1.94$2.5065.9%18.9%31.7%16.4%230.4%0.0%32.9%9.9K-259.8K-9.6K0.3421.37N/AN/A83928917,9836,160
2022-05-26$1.96$2.50114.8%32.9%32.0%61.5%134.2%0.0%-34.5%10.4K-317.7K-9.8K0.838.90N/AN/A34728918,3776,162
2022-05-27$2.02$2.5098.0%28.1%34.0%46.1%121.2%0.0%-39.9%11.8K-337.0K-10.2K0.2411.56N/AN/A1,17728218,4746,162
2022-05-31$1.93$2.5066.7%19.1%37.5%17.2%200.0%0.0%30.8%12.3K-489.5K-10.4K0.6810.02N/AN/A43529719,6956,153