NGL Options History — July 2022

In July 2022, NGL traded between $1.39 and $1.58. ATM implied volatility averaged 141.8%, placing in the 53.0% IV rank vs the trailing year. The 30-day expected move averaged 31.5%. IV traded above realized volatility by 72.4% (HV 20d: 69.4%). 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 13 of 20 days. Put/call ratio averaged 1.12.

Notable Days

2022-07-18: Highest Volume — 976 contracts
2022-07-18: Largest IV spike — 109.8% change
2022-07-06: Highest IV Rank — 100.0%
2022-07-28: Largest Expected Move — 57.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.46	$1.39	$1.58	$1.51	$1.58
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	141.8%	82.0%	266.9%	114.0%	152.2%
Expected Move	31.5%	23.2%	57.2%	32.7%	43.6%
HV 20d	69.4%	47.0%	80.2%	79.1%	47.0%
HV 60d	57.7%	56.3%	59.0%	56.7%	59.0%
IV Rank	53.0%	15.9%	100.0%	60.8%	47.8%
IV Percentile	82.0%	35.7%	100.0%	92.1%	96.0%
Term Structure	27.5%	-29.2%	192.1%	19.0%	-29.2%
VWIV	146.5%	88.0%	315.2%	232.0%	220.2%
Bid-Ask Spread %	46.72	4.66	91.58	6.35	21.76
Gamma HHI	0.82	0.61	0.90	0.76	0.87
Net GEX	3.5K	1.9K	5.3K	3.9K	5.3K
Net DEX	419.3K	120.9K	787.0K	425.1K	137.9K
Net VEX	-4.9K	-6.8K	-2.7K	-6.3K	-6.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.12	0.34	2.53	0.57	0.36
Total Volume	530.9	254	976	541	670
Total OI	24,632.25	19,379	29,188	28,898	20,405

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-07-01	$1.51	$2.50	114.0%	32.7%	79.1%	60.8%	232.0%	0.0%	19.0%	3.9K	425.1K	-6.3K	0.57	6.35	N/A	N/A	344	197	22,278	6,620
2022-07-05	$1.44	$2.50	155.4%	23.2%	79.8%	98.3%	95.9%	0.0%	34.9%	1.9K	775.1K	-2.8K	0.51	85.29	N/A	N/A	579	293	22,278	6,638
2022-07-06	$1.41	$2.50	175.8%	30.2%	78.3%	100.0%	142.2%	0.0%	30.1%	2.2K	787.0K	-2.7K	0.59	83.51	N/A	N/A	464	274	22,228	6,738
2022-07-07	$1.46	$2.50	193.3%	40.6%	80.1%	100.0%	216.8%	0.0%	35.6%	3.6K	648.2K	-4.6K	1.52	91.58	N/A	N/A	151	230	22,340	6,737
2022-07-08	$1.48	$2.50	209.8%	24.7%	79.7%	100.0%	106.5%	0.0%	38.9%	3.6K	665.2K	-4.4K	1.46	85.40	N/A	N/A	156	227	22,316	6,681
2022-07-11	$1.40	$2.50	228.9%	23.9%	80.2%	100.0%	92.7%	0.0%	27.4%	2.5K	727.9K	-3.1K	1.09	84.36	N/A	N/A	173	188	22,341	6,682
2022-07-12	$1.40	$2.50	266.9%	26.7%	79.8%	100.0%	111.4%	0.0%	27.2%	3.5K	527.1K	-4.7K	0.84	56.56	N/A	N/A	224	188	22,323	6,682
2022-07-13	$1.41	$2.50	95.1%	27.3%	77.0%	21.8%	115.1%	0.0%	27.2%	3.7K	543.2K	-5.2K	1.50	85.25	N/A	N/A	217	325	22,450	6,692
2022-07-14	$1.39	$2.50	86.5%	24.8%	75.2%	18.0%	95.4%	0.0%	0.0%	3.6K	463.9K	-5.6K	0.66	83.51	N/A	N/A	430	283	22,455	6,733
2022-07-15	$1.43	$2.50	82.0%	23.5%	76.3%	15.9%	88.0%	0.0%	154.1%	3.5K	484.5K	-5.3K	1.70	84.12	N/A	N/A	337	572	22,402	6,628
2022-07-18	$1.46	$2.50	172.2%	49.4%	69.5%	56.9%	267.1%	0.0%	-6.5%	3.4K	321.1K	-4.8K	0.34	34.83	N/A	N/A	730	246	14,429	4,950
2022-07-19	$1.50	$2.50	101.2%	29.0%	70.1%	24.6%	127.5%	0.0%	-20.7%	4.5K	161.7K	-6.1K	1.54	7.67	N/A	N/A	221	341	15,066	4,947
2022-07-20	$1.49	$2.50	85.4%	24.5%	64.2%	17.4%	93.5%	0.0%	192.1%	4.1K	172.9K	-6.4K	1.36	4.66	N/A	N/A	181	246	15,203	5,047
2022-07-21	$1.45	$2.50	100.2%	28.7%	59.9%	24.2%	118.9%	0.0%	4.2%	3.9K	193.5K	-5.8K	1.51	5.98	N/A	N/A	150	227	15,293	5,042
2022-07-22	$1.44	$2.50	103.0%	29.5%	59.9%	25.4%	122.5%	0.0%	-24.6%	2.0K	371.5K	-3.0K	1.49	21.23	N/A	N/A	152	227	15,395	5,043
2022-07-25	$1.42	$2.50	106.7%	30.6%	59.8%	27.1%	122.9%	0.0%	43.8%	2.0K	349.8K	-3.1K	2.53	38.01	N/A	N/A	72	182	15,327	5,043
2022-07-26	$1.46	$2.50	102.8%	29.5%	58.4%	25.4%	117.0%	0.0%	24.1%	3.5K	300.0K	-5.1K	1.14	6.14	N/A	N/A	159	182	15,336	5,063
2022-07-27	$1.57	$2.50	104.9%	30.1%	64.7%	26.3%	128.9%	0.0%	-26.7%	4.7K	210.4K	-6.4K	0.86	10.59	N/A	N/A	206	178	15,293	5,063
2022-07-28	$1.56	$2.50	199.6%	57.2%	48.8%	69.4%	315.2%	0.0%	-28.4%	5.2K	120.9K	-6.8K	0.82	37.68	N/A	N/A	218	178	15,394	5,064
2022-07-29	$1.58	$2.50	152.2%	43.6%	47.0%	47.8%	220.2%	0.0%	-29.2%	5.3K	137.9K	-6.3K	0.36	21.76	N/A	N/A	492	178	15,341	5,064