NGL Options History — June 2023

In June 2023, NGL traded between $3.34 and $4.17. ATM implied volatility averaged 75.3%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 24.2% (HV 20d: 51.1%). 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 16 of 21 days. Put/call ratio averaged 0.11.

Notable Days

  • 2023-06-15: Highest Volume — 1,816 contracts
  • 2023-06-12: Largest IV spike — 71.4% change
  • 2023-06-12: Highest IV Rank — 35.3%
  • 2023-06-02: Largest Expected Move — 21.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.81$3.34$4.17$3.34$3.91
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV75.3%46.4%154.1%51.0%49.5%
Expected Move16.7%12.6%21.9%14.6%14.2%
HV 20d51.1%40.1%61.5%40.1%58.0%
HV 60d55.7%46.5%63.2%62.0%46.5%
IV Rank10.1%0.9%35.3%2.4%1.9%
IV Percentile22.6%2.0%74.2%4.0%5.6%
Term Structure16.7%-13.2%38.7%-3.7%33.6%
VWIV56.6%36.8%77.3%37.5%57.4%
Bid-Ask Spread %19.096.8966.1110.338.68
Gamma HHI0.490.450.570.520.48
Net GEX49.8K42.4K58.6K46.1K43.8K
Net DEX-5.6M-6.8M-4.3M-4.3M-5.6M
Net VEX-18.4K-20.0K-15.8K-15.8K-18.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.000.470.070.47
Total Volume675.571851,8161,81085
Total OI31,256.66729,66132,66629,66132,273

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$3.34$2.5051.0%14.6%40.1%2.4%37.5%0.0%-3.7%46.1K-4.3M-15.8K0.0710.33N/AN/A1,69611425,7803,881
2023-06-02$3.54$2.5076.2%21.9%40.3%10.4%77.3%0.0%2.1%47.5K-5.1M-17.7K0.0512.67N/AN/A5302826,4613,810
2023-06-05$3.48$2.50106.2%21.5%41.3%20.0%42.5%0.0%15.9%46.4K-4.8M-17.8K0.0536.73N/AN/A9635026,3223,790
2023-06-06$3.55$2.5088.4%15.6%41.2%14.3%39.1%0.0%22.7%46.3K-4.8M-16.1K0.4056.09N/AN/A983925,9523,833
2023-06-07$3.74$2.50139.6%16.2%43.4%30.6%72.5%0.0%-10.1%47.4K-5.4M-17.3K0.016.89N/AN/A298325,9663,832
2023-06-08$3.79$2.5083.4%12.6%42.9%12.7%47.1%0.0%26.5%49.6K-5.5M-17.6K0.1215.16N/AN/A4455426,0063,834
2023-06-09$3.88$2.5089.9%19.8%42.3%14.8%69.4%0.0%-5.1%48.5K-5.7M-17.3K0.0017.77N/AN/A1,351525,9713,933
2023-06-12$3.63$2.50154.1%16.9%51.7%35.3%62.9%0.0%-13.2%48.2K-5.2M-19.1K0.019.66N/AN/A683927,2003,964
2023-06-13$3.83$2.50129.0%21.6%53.2%27.3%72.9%0.0%-5.9%52.0K-5.7M-18.6K0.097.03N/AN/A7256427,6213,968
2023-06-14$3.88$2.5062.8%18.0%51.2%6.2%41.5%0.0%27.6%54.9K-5.9M-19.5K0.0166.11N/AN/A683928,0034,030
2023-06-15$4.09$2.5056.7%16.3%52.6%4.2%36.8%0.0%38.7%56.9K-6.5M-20.0K0.0254.25N/AN/A1,7863027,6314,035
2023-06-16$4.17$2.5059.1%16.9%51.9%5.0%59.9%0.0%12.0%58.6K-6.8M-19.8K0.088.71N/AN/A8376928,6264,040
2023-06-20$4.03$2.5068.7%19.7%53.4%8.0%73.6%0.0%3.9%56.5K-6.3M-18.6K0.199.83N/AN/A56610727,7013,753
2023-06-21$4.05$2.5073.1%21.0%53.5%9.4%73.3%0.0%5.1%57.1K-6.4M-19.4K0.009.38N/AN/A1,319227,9013,736
2023-06-22$3.92$2.5047.2%13.5%55.1%1.2%45.1%0.0%30.2%53.0K-5.8M-19.5K0.0113.19N/AN/A246228,1713,737
2023-06-23$3.77$2.5048.3%13.9%57.5%1.5%59.6%0.0%36.8%48.8K-5.3M-19.6K0.3122.78N/AN/A36811328,3503,737
2023-06-26$3.98$2.5049.3%14.1%58.8%1.8%50.2%0.0%28.9%55.9K-5.8M-19.4K0.118.78N/AN/A1862028,3143,778
2023-06-27$3.83$2.5046.4%13.3%61.5%0.9%47.8%0.0%37.3%42.5K-5.3M-18.3K0.267.14N/AN/A1935128,2893,773
2023-06-28$3.85$2.5048.5%13.9%61.4%1.6%64.8%0.0%37.8%43.2K-5.4M-18.2K0.029.83N/AN/A129228,4243,797
2023-06-29$3.85$2.5053.9%15.5%61.4%3.3%0.0%0.0%30.4%42.4K-5.4M-19.0K0.009.83N/AN/A229028,3683,799
2023-06-30$3.91$2.5049.5%14.2%58.0%1.9%57.4%0.0%33.6%43.8K-5.6M-18.6K0.478.68N/AN/A582728,4743,799