NGL Options History — August 2022

In August 2022, NGL traded between $1.53 and $1.72. ATM implied volatility averaged 131.0%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 30.7%. IV traded above realized volatility by 88.1% (HV 20d: 42.9%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.42.

Notable Days

  • 2022-08-11: Highest Volume — 881 contracts
  • 2022-08-04: Largest IV spike — 110.8% change
  • 2022-08-08: Highest IV Rank — 91.4%
  • 2022-08-29: Largest Expected Move — 63.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.64$1.53$1.72$1.62$1.53
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV131.0%62.1%248.0%102.5%110.0%
Expected Move30.7%16.4%63.5%29.4%31.6%
HV 20d42.9%34.2%47.6%47.6%34.2%
HV 60d59.5%57.9%60.3%59.2%58.1%
IV Rank38.2%6.8%91.4%25.2%28.7%
IV Percentile68.6%7.1%99.6%76.6%79.8%
Term Structure-17.2%-44.7%35.2%-32.8%-44.7%
VWIV154.6%66.1%319.8%132.0%122.6%
Bid-Ask Spread %36.537.0175.7338.998.46
Gamma HHI0.810.750.860.850.79
Net GEX6.7K5.1K8.4K7.6K5.3K
Net DEX-130.6K-255.3K15.6K-55.6K-62.5K
Net VEX-8.4K-9.2K-7.5K-8.2K-7.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.002.720.300.24
Total Volume327.52215881803835
Total OI22,095.1320,67222,91920,67222,854

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$1.62$2.50102.5%29.4%47.6%25.2%132.0%0.0%-32.8%7.6K-55.6K-8.2K0.3038.99N/AN/A62018315,6085,064
2022-08-02$1.62$2.50198.2%56.8%43.6%68.7%310.3%0.0%-34.7%5.1K-19.7K-7.6K1.2324.26N/AN/A14918315,6225,069
2022-08-03$1.70$2.5095.8%27.4%44.9%22.2%121.7%0.0%-33.8%8.0K-135.8K-8.7K0.8813.92N/AN/A22619915,8555,069
2022-08-04$1.65$2.50201.8%28.1%45.9%70.4%107.9%0.0%-31.2%8.4K-255.3K-8.8K1.037.35N/AN/A19319916,0195,086
2022-08-05$1.64$2.50240.3%17.9%46.0%87.9%69.4%0.0%35.2%7.5K-237.1K-8.9K0.9410.04N/AN/A21219916,0615,086
2022-08-08$1.68$2.50248.0%17.4%40.4%91.4%66.1%0.0%28.1%6.4K-112.4K-8.3K0.337.01N/AN/A60719916,0595,086
2022-08-09$1.72$2.50136.4%16.4%40.5%40.6%0.0%0.0%34.6%8.1K-233.1K-9.2K0.047.34N/AN/A3521516,2685,086
2022-08-10$1.63$2.5065.5%18.8%46.5%8.4%71.5%0.0%-17.0%5.4K-74.8K-8.1K0.298.28N/AN/A37810916,5905,092
2022-08-11$1.67$2.5062.1%17.8%46.1%6.8%0.0%0.0%-5.4%6.9K-57.3K-8.4K0.0010.15N/AN/A877416,8615,188
2022-08-12$1.67$2.5070.4%20.2%45.7%10.6%0.0%0.0%-5.9%7.9K-195.4K-9.2K0.0261.76N/AN/A289617,4885,186
2022-08-15$1.69$2.5067.6%19.4%45.4%9.3%0.0%0.0%-7.2%7.8K-138.9K-8.9K0.0957.34N/AN/A2252017,5495,191
2022-08-16$1.65$2.5073.3%21.0%46.1%11.9%0.0%0.0%-8.2%7.2K-197.2K-8.4K0.0056.60N/AN/A53017,6515,211
2022-08-17$1.64$2.50149.9%43.0%46.1%46.8%0.0%0.0%-9.0%7.5K-161.2K-8.4K0.0075.73N/AN/A91017,7015,211
2022-08-18$1.66$2.5084.1%24.1%44.6%16.9%0.0%0.0%-21.5%8.0K-178.3K-8.2K0.0059.43N/AN/A39017,7095,210
2022-08-19$1.61$2.50154.5%44.3%46.3%48.9%238.8%0.0%-23.6%5.9K15.6K-7.7K2.7267.76N/AN/A369817,7065,210
2022-08-22$1.62$2.5078.4%22.5%45.7%14.3%0.0%0.0%-26.2%5.9K-39.8K-8.0K0.0021.50N/AN/A79017,3205,104
2022-08-23$1.64$2.50136.7%39.2%45.1%40.8%0.0%0.0%-26.8%6.4K-110.3K-8.5K0.3675.53N/AN/A11417,3005,104
2022-08-24$1.64$2.50124.4%35.7%37.5%35.2%0.0%0.0%-28.0%6.2K-94.4K-8.4K0.0069.24N/AN/A48017,3075,104
2022-08-25$1.62$2.50142.1%40.7%37.8%43.2%0.0%0.0%-29.9%6.0K-145.6K-8.4K0.0023.09N/AN/A16017,3535,104
2022-08-26$1.62$2.50137.4%39.4%37.5%41.1%0.0%0.0%-31.3%6.1K-209.2K-8.7K0.0043.07N/AN/A258017,3895,104
2022-08-29$1.62$2.50221.5%63.5%36.5%79.3%319.8%0.0%-36.4%5.6K-170.3K-8.1K0.0068.56N/AN/A463117,4015,104
2022-08-30$1.58$2.50112.6%32.3%37.5%29.8%140.6%0.0%-40.1%5.6K-135.5K-8.0K1.1924.72N/AN/A263117,7415,107
2022-08-31$1.53$2.50110.0%31.6%34.2%28.7%122.6%0.0%-44.7%5.3K-62.5K-7.5K0.248.46N/AN/A67116417,7175,137