NGL Options History — November 2022

In November 2022, NGL traded between $1.15 and $1.54. ATM implied volatility averaged 145.8%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 34.5%. IV traded above realized volatility by 86.9% (HV 20d: 58.9%). 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 3 of 21 days. Put/call ratio averaged 0.24.

Notable Days

  • 2022-11-15: Highest Volume — 1,034 contracts
  • 2022-11-09: Largest IV drop — 69.7% change
  • 2022-11-03: Highest IV Rank — 84.9%
  • 2022-11-01: Largest Expected Move — 67.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.32$1.15$1.54$1.44$1.15
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV145.8%69.9%261.6%235.5%148.2%
Expected Move34.5%20.0%67.5%67.5%42.5%
HV 20d58.9%45.0%68.6%46.6%59.3%
HV 60d49.9%44.0%52.9%44.3%52.9%
IV Rank39.1%9.0%84.9%74.5%40.0%
IV Percentile68.7%15.9%98.4%94.0%79.4%
Term Structure-21.1%-64.9%43.3%-41.6%-64.9%
VWIV205.8%116.4%363.6%363.6%121.1%
Bid-Ask Spread %44.482.78100.1651.346.04
Gamma HHI0.840.760.910.900.81
Net GEX4.0K2.5K5.8K3.4K3.8K
Net DEX109.5K-121.9K301.5K301.5K97.8K
Net VEX-5.5K-6.2K-4.3K-4.3K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.001.190.280.53
Total Volume290.61931,03428387
Total OI23,893.76222,93824,89222,93824,892

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$1.44$2.50235.5%67.5%46.6%74.5%363.6%0.0%-41.6%3.4K301.5K-4.3K0.2851.34N/AN/A2216217,9904,948
2022-11-02$1.37$2.50207.4%59.5%49.8%63.4%296.0%0.0%-47.3%4.0K213.7K-5.1K0.1431.69N/AN/A2102918,1104,948
2022-11-03$1.39$0.00261.6%22.8%45.0%84.9%0.0%0.0%-5.2%4.7K197.0K-5.7K0.1254.38N/AN/A2843518,2014,948
2022-11-04$1.43$0.00201.4%21.8%45.7%61.0%0.0%0.0%-5.3%3.9K266.7K-4.9K0.1154.48N/AN/A3233518,3284,954
2022-11-07$1.44$0.00190.0%34.7%45.4%56.5%131.8%0.0%-21.2%4.4K178.2K-5.6K0.1077.27N/AN/A3543518,3684,954
2022-11-08$1.54$2.50231.0%20.9%50.4%72.7%0.0%0.0%38.7%5.3K164.5K-6.1K0.3971.18N/AN/A1435618,3474,954
2022-11-09$1.50$2.5069.9%20.0%51.8%9.0%0.0%0.0%38.4%3.2K-114.8K-6.1K0.1454.76N/AN/A1712418,3874,969
2022-11-10$1.33$2.5090.2%25.9%68.6%17.1%0.0%0.0%-23.9%2.5K-121.9K-5.4K0.1059.95N/AN/A2392418,4854,979
2022-11-11$1.33$2.5091.4%26.2%66.2%17.6%0.0%0.0%-24.7%4.1K223.5K-5.1K0.2585.20N/AN/A972418,5204,979
2022-11-14$1.29$2.5089.7%25.7%66.4%16.9%0.0%0.0%-28.3%3.3K190.1K-4.8K0.1428.68N/AN/A1682418,5714,879
2022-11-15$1.26$2.5084.9%24.3%66.4%15.0%0.0%0.0%-14.0%4.0K229.8K-4.9K0.0283.72N/AN/A1,0102418,4894,834
2022-11-16$1.26$2.50112.3%32.2%66.4%25.8%0.0%0.0%-31.0%4.1K135.1K-5.5K0.3290.04N/AN/A1976319,3014,834
2022-11-17$1.29$2.5093.2%26.7%66.9%18.2%0.0%0.0%43.3%3.7K89.4K-5.5K1.19100.16N/AN/A22226519,4474,872
2022-11-18$1.29$2.5094.6%27.1%65.4%18.8%0.0%0.0%-32.8%4.0K56.0K-6.2K0.2931.74N/AN/A2226519,4685,082
2022-11-21$1.27$2.5095.9%27.5%64.1%19.3%0.0%0.0%-20.7%4.0K98.2K-5.7K0.172.78N/AN/A3756319,3065,072
2022-11-22$1.26$2.50112.1%32.2%63.9%25.7%116.4%0.0%-22.4%3.8K49.0K-5.9K0.324.09N/AN/A2889319,5095,009
2022-11-23$1.26$2.50115.4%33.1%63.8%27.0%121.1%0.0%-23.8%3.8K3.3K-6.1K0.456.96N/AN/A23110319,5545,089
2022-11-25$1.26$2.50119.4%34.2%63.5%28.6%0.0%0.0%-44.7%5.8K-84.8K-5.8K0.006.96N/AN/A3019,5985,089
2022-11-28$1.23$2.50189.1%54.2%62.3%56.2%0.0%0.0%-53.8%3.8K67.2K-5.7K0.0011.30N/AN/A152019,6015,089
2022-11-29$1.21$2.50229.4%65.8%58.9%72.1%0.0%0.0%-57.9%3.9K60.4K-5.7K0.0521.45N/AN/A78419,7475,068
2022-11-30$1.15$2.50148.2%42.5%59.3%40.0%0.0%0.0%-64.9%3.8K97.8K-5.3K0.536.04N/AN/A573019,8245,068