NGL Options History — June 2022

In June 2022, NGL traded between $1.46 and $2.11. ATM implied volatility averaged 100.6%, placing in the 48.7% IV rank vs the trailing year. The 30-day expected move averaged 27.8%. IV traded above realized volatility by 42.6% (HV 20d: 57.9%). 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 10 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2022-06-06: Highest Volume — 3,220 contracts
  • 2022-06-13: Largest IV spike — 168.1% change
  • 2022-06-30: Highest IV Rank — 100.0%
  • 2022-06-30: Largest Expected Move — 45.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.76$1.46$2.11$1.99$1.52
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV100.6%47.0%157.2%105.5%157.2%
Expected Move27.8%13.5%45.1%30.2%45.1%
HV 20d57.9%38.9%81.9%39.2%81.9%
HV 60d46.3%39.3%56.7%45.1%56.7%
IV Rank48.7%0.0%100.0%52.9%100.0%
IV Percentile62.7%0.0%100.0%87.3%100.0%
Term Structure-3.1%-81.7%33.3%-28.9%-32.7%
VWIV149.3%73.7%252.3%126.9%235.3%
Bid-Ask Spread %33.465.0474.288.9313.87
Gamma HHI0.710.610.820.720.61
Net GEX7.8K3.9K16.7K13.0K3.9K
Net DEX-12.4K-753.3K385.0K-614.3K261.6K
Net VEX-8.8K-12.0K-6.5K-10.8K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.071.810.260.58
Total Volume1,016.9524603,2201,566529
Total OI28,872.04826,03730,97826,03728,825

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-06-01$1.99$2.50105.5%30.2%39.2%52.9%126.9%0.0%-28.9%13.0K-614.3K-10.8K0.268.93N/AN/A1,24532119,8596,178
2022-06-02$2.08$2.50121.1%26.5%42.3%67.4%92.7%0.0%-11.1%14.8K-613.5K-11.7K0.3753.40N/AN/A97535820,7696,187
2022-06-03$2.06$2.50105.8%26.9%38.9%53.2%94.2%0.0%-15.2%15.5K-605.3K-11.7K0.5154.07N/AN/A65133521,3966,189
2022-06-06$2.11$2.50117.6%27.8%39.6%64.2%97.1%0.0%-13.7%15.7K-753.3K-12.0K0.0753.40N/AN/A2,99622421,7806,174
2022-06-07$2.02$2.5074.8%17.6%40.7%24.7%73.7%0.0%3.5%16.7K-400.9K-11.0K0.3356.69N/AN/A1,93364323,7056,167
2022-06-08$1.92$2.5071.4%20.5%44.7%21.5%85.6%0.0%-12.6%13.5K-302.3K-10.6K1.8156.35N/AN/A35564323,5056,551
2022-06-09$1.83$2.5052.5%15.1%47.8%4.1%148.0%0.0%23.6%5.5K88.5K-8.6K1.098.01N/AN/A35438723,4556,551
2022-06-10$1.85$2.5047.0%13.5%47.1%0.0%162.3%0.0%28.1%5.7K64.3K-9.3K0.5254.29N/AN/A69836223,7096,719
2022-06-13$1.72$2.50126.1%36.2%52.0%72.3%226.5%0.0%22.4%5.1K205.5K-8.2K0.6467.50N/AN/A38324424,0466,744
2022-06-14$1.78$2.5067.3%19.3%53.8%18.5%183.1%0.0%22.0%5.2K147.2K-8.6K0.6923.18N/AN/A27318724,0236,745
2022-06-15$1.73$2.50144.0%41.3%52.3%88.6%252.3%0.0%22.3%5.1K114.4K-8.2K0.6474.28N/AN/A36223024,0576,744
2022-06-16$1.57$2.5076.6%22.0%61.3%27.1%106.9%0.0%0.0%4.3K175.7K-7.4K0.7853.78N/AN/A34226824,1986,603
2022-06-17$1.59$2.50125.3%35.9%61.8%71.5%147.1%0.0%-81.7%4.5K231.8K-7.4K1.4258.40N/AN/A24534924,4136,565
2022-06-21$1.71$2.5079.4%22.8%68.4%29.6%125.0%0.0%22.3%5.7K221.2K-8.0K0.859.23N/AN/A34829620,6186,539
2022-06-22$1.59$2.5088.2%25.3%72.5%37.6%130.6%0.0%33.3%5.0K280.4K-7.3K0.678.50N/AN/A44329620,7406,619
2022-06-23$1.58$2.5088.4%25.3%72.4%37.8%135.5%0.0%-31.3%4.5K385.0K-6.5K0.505.97N/AN/A59029620,8016,619
2022-06-24$1.59$2.5091.7%26.3%72.0%40.8%134.7%0.0%31.3%4.8K286.7K-7.3K0.795.04N/AN/A37629621,2176,619
2022-06-27$1.66$2.50132.5%38.0%74.2%78.1%202.3%0.0%-35.0%5.3K204.1K-7.6K0.6716.08N/AN/A44429621,2926,619
2022-06-28$1.64$2.50126.6%36.3%72.8%72.7%181.0%0.0%22.9%5.6K165.0K-8.1K0.4113.06N/AN/A72229621,6196,619
2022-06-29$1.46$2.50112.6%32.3%81.1%59.9%195.0%0.0%-32.2%4.6K198.2K-7.1K0.588.71N/AN/A48428121,9166,619
2022-06-30$1.52$2.50157.2%45.1%81.9%100.0%235.3%0.0%-32.7%3.9K261.6K-7.0K0.5813.87N/AN/A33419522,1876,638