NGL Options History — October 2022

In October 2022, NGL traded between $1.24 and $1.40. ATM implied volatility averaged 183.4%, placing in the 53.9% IV rank vs the trailing year. The 30-day expected move averaged 48.0%. IV traded above realized volatility by 132.2% (HV 20d: 51.2%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2022-10-13: Highest Volume — 1,871 contracts
  • 2022-10-26: Largest IV spike — 113.0% change
  • 2022-10-31: Highest IV Rank — 90.2%
  • 2022-10-31: Largest Expected Move — 78.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.30$1.24$1.40$1.28$1.40
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV183.4%100.3%275.2%236.7%275.2%
Expected Move48.0%22.5%78.9%67.9%78.9%
HV 20d51.2%45.3%55.1%45.3%51.4%
HV 60d43.9%42.2%45.4%42.4%44.2%
IV Rank53.9%21.0%90.2%75.0%90.2%
IV Percentile87.6%63.5%99.2%96.8%99.2%
Term Structure-9.9%-46.6%31.9%-46.0%-41.1%
VWIV354.5%217.9%441.3%328.7%441.3%
Bid-Ask Spread %54.4319.7277.8328.2442.13
Gamma HHI0.890.861.000.870.91
Net GEX2.6K04.0K2.7K3.3K
Net DEX253.0K153.0K649.2K202.6K318.9K
Net VEX-4.2K-5.0K-27-4.4K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.181.631.630.75
Total Volume423.5241451,871323145
Total OI24,531.42922,59426,55324,05122,933

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-10-03$1.28$2.50236.7%67.9%45.3%75.0%328.7%0.0%-46.0%2.7K202.6K-4.4K1.6328.24N/AN/A12320018,9585,093
2022-10-04$1.37$2.50135.7%38.9%52.5%35.1%217.9%0.0%-44.7%2.8K249.3K-4.5K1.4619.77N/AN/A14320918,9595,193
2022-10-05$1.39$2.50230.5%66.1%52.9%72.6%308.6%0.0%-46.6%2.8K203.4K-4.8K1.0619.72N/AN/A28330018,9965,199
2022-10-06$1.31$2.50211.2%31.9%55.1%64.9%0.0%0.0%-28.3%2.1K244.3K-4.0K1.0269.11N/AN/A30431119,1865,299
2022-10-07$1.30$2.50136.1%22.5%55.1%35.2%0.0%0.0%31.9%2.7K217.5K-4.6K1.0869.98N/AN/A18019519,4015,319
2022-10-10$1.29$2.50259.6%44.0%51.5%84.0%0.0%0.0%-19.1%2.6K231.4K-4.6K0.7367.54N/AN/A26719519,4565,323
2022-10-11$1.29$2.50180.2%31.5%50.0%52.6%0.0%0.0%-19.8%2.6K214.4K-4.6K0.8477.83N/AN/A22118519,5565,273
2022-10-12$1.31$2.50174.4%50.0%50.6%50.4%0.0%0.0%30.3%2.7K217.2K-4.6K0.9777.05N/AN/A19018519,5605,263
2022-10-13$1.30$2.50176.7%50.6%50.5%51.2%0.0%0.0%28.9%2.8K219.7K-4.5K0.1863.82N/AN/A1,58728419,5605,263
2022-10-14$1.24$2.50178.2%51.1%52.6%51.8%0.0%0.0%26.4%2.4K167.6K-4.7K0.5766.40N/AN/A30417420,7865,363
2022-10-17$1.28$2.50169.3%48.5%54.0%48.3%0.0%0.0%13.9%3.1K173.1K-5.0K0.8372.33N/AN/A15512820,8505,373
2022-10-18$1.25$2.50180.2%51.7%54.3%52.6%0.0%0.0%20.4%2.8K153.0K-4.8K0.2764.60N/AN/A46912820,8725,167
2022-10-19$1.25$2.50120.2%34.5%54.1%28.9%0.0%0.0%22.9%0647.4K-270.5566.29N/AN/A23112821,1535,200
2022-10-20$1.25$2.50100.3%28.7%54.2%21.0%0.0%0.0%0.0%1649.2K-270.6769.62N/AN/A19212821,2835,200
2022-10-21$1.30$2.50109.0%31.3%52.1%24.5%0.0%0.0%-28.3%2.5K190.5K-4.4K0.4868.41N/AN/A1668021,3535,200
2022-10-24$1.25$2.50108.0%31.0%47.9%24.1%0.0%0.0%-33.6%3.0K165.1K-4.8K0.2440.50N/AN/A1884517,6674,927
2022-10-25$1.27$2.50113.7%32.6%48.2%26.3%0.0%0.0%-34.4%2.6K196.0K-4.4K0.2728.40N/AN/A1674517,7054,927
2022-10-26$1.26$2.50242.1%69.4%46.8%77.1%374.6%0.0%-18.0%2.8K181.3K-4.5K0.3534.17N/AN/A1836417,7664,926
2022-10-27$1.28$2.50259.9%74.5%47.1%84.2%409.3%0.0%23.7%4.0K208.1K-4.9K0.3942.34N/AN/A1616217,8534,948
2022-10-28$1.33$2.50254.2%72.9%49.1%81.9%401.0%0.0%-37.3%3.9K263.3K-4.8K0.4954.81N/AN/A1276217,9034,948
2022-10-31$1.40$2.50275.2%78.9%51.4%90.2%441.3%0.0%-41.1%3.3K318.9K-4.2K0.7542.13N/AN/A836217,9854,948