NGL Options History — April 2024

In April 2024, NGL traded between $5.70 and $6.06. ATM implied volatility averaged 51.5%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 30.8% (HV 20d: 20.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.39.

Notable Days

  • 2024-04-15: Highest Volume — 1,355 contracts
  • 2024-04-22: Largest IV spike — 173.6% change
  • 2024-04-22: Highest IV Rank — 48.6%
  • 2024-04-22: Largest Expected Move — 25.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.86$5.70$6.06$5.76$5.80
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV51.5%29.2%87.4%36.0%86.9%
Expected Move14.0%8.0%25.1%10.3%24.9%
HV 20d20.7%13.6%27.7%16.7%27.7%
HV 60d24.8%21.0%27.2%27.2%22.6%
IV Rank20.9%3.7%48.6%8.9%48.2%
IV Percentile35.9%3.2%91.7%7.5%90.9%
Term Structure2.4%-27.6%21.3%-12.7%-7.4%
VWIV37.9%25.9%56.0%47.9%56.0%
Bid-Ask Spread %77.5321.17101.7521.5093.39
Gamma HHI0.610.550.680.550.58
Net GEX29.0K23.8K38.3K23.8K31.5K
Net DEX-1.6M-2.1M-819.4K-1.8M-856.5K
Net VEX-7.7K-8.4K-6.7K-7.0K-7.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.0011.250.000.50
Total Volume219.86401,3553760
Total OI17,098.3649,62021,77119,65710,174

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$5.76$5.0036.0%10.3%16.7%8.9%0.0%0.0%-12.7%23.8K-1.8M-7.0K0.0021.50N/AN/A376016,5593,098
2024-04-02$5.76$5.0037.0%10.6%16.7%9.7%47.9%0.0%-13.6%23.9K-1.8M-6.7K0.4522.01N/AN/A1145116,7083,098
2024-04-03$5.72$5.0036.4%10.4%14.5%9.2%42.1%0.0%-13.6%24.5K-1.8M-6.8K0.0121.17N/AN/A112116,8183,127
2024-04-04$5.76$5.0043.2%8.0%13.6%14.5%25.9%0.0%17.5%26.0K-1.8M-7.3K11.2595.40N/AN/A44516,8283,116
2024-04-05$5.95$5.0047.1%14.9%18.0%17.5%49.6%0.0%3.4%30.8K-2.0M-7.8K3.2279.93N/AN/A6922216,8313,131
2024-04-08$6.03$5.0058.5%9.5%17.0%26.3%0.0%0.0%13.9%38.3K-2.1M-8.0K0.0088.64N/AN/A35016,8663,232
2024-04-09$5.91$5.0054.3%9.3%18.3%23.0%33.2%0.0%16.0%26.5K-1.9M-7.5K0.1795.39N/AN/A1212116,8783,232
2024-04-10$6.04$5.0038.5%11.0%19.7%10.8%31.4%0.0%4.8%26.1K-2.1M-7.9K0.0279.17N/AN/A4341016,8663,233
2024-04-11$6.06$5.0036.0%10.3%19.7%8.9%35.4%0.0%7.2%29.3K-2.1M-7.9K0.0783.49N/AN/A102717,0573,236
2024-04-12$6.01$5.0033.0%9.5%19.4%6.6%0.0%0.0%12.9%27.8K-2.0M-7.5K0.0074.18N/AN/A159017,0383,241
2024-04-15$5.96$5.0038.9%11.2%19.4%11.2%43.5%0.0%0.1%26.6K-2.0M-7.5K0.3283.78N/AN/A1,02433117,0933,241
2024-04-16$5.79$5.0029.2%8.4%21.7%3.7%30.3%0.0%21.3%29.0K-1.8M-8.2K1.1672.36N/AN/A323718,0063,549
2024-04-17$5.72$5.0029.4%8.4%21.9%3.9%0.0%0.0%-1.6%27.6K-1.7M-8.2K10.2973.61N/AN/A2424718,0263,584
2024-04-18$5.70$5.0030.5%8.7%21.9%4.7%26.4%0.0%17.0%25.3K-1.5M-7.2K0.0073.73N/AN/A94018,0153,729
2024-04-19$5.76$5.0031.9%9.2%22.2%5.8%33.1%0.0%18.3%27.3K-1.7M-8.2K0.0277.06N/AN/A6721218,0423,729
2024-04-22$5.78$5.0087.4%25.1%22.3%48.6%0.0%0.0%-27.6%30.8K-947.8K-8.4K0.00101.75N/AN/A6807,6182,005
2024-04-23$5.88$5.0070.2%20.1%23.1%35.3%0.0%0.0%14.3%32.0K-992.8K-8.1K0.0092.89N/AN/A7907,6152,005
2024-04-24$6.00$5.0073.2%21.0%23.5%37.6%0.0%0.0%6.2%35.1K-1.1M-8.1K0.0091.13N/AN/A7607,6942,005
2024-04-25$5.89$5.0076.3%21.9%24.6%40.0%0.0%0.0%-14.0%33.0K-1.1M-8.1K1.7693.82N/AN/A51907,7682,005
2024-04-26$5.75$5.0073.6%21.1%26.1%37.9%0.0%0.0%5.1%30.6K-819.4K-7.7K0.0297.61N/AN/A10927,8122,084
2024-04-29$5.88$5.0084.9%24.3%27.2%46.6%56.0%0.0%-14.1%32.6K-939.5K-8.3K0.5093.58N/AN/A427,8902,282
2024-04-30$5.80$5.0086.9%24.9%27.7%48.2%0.0%0.0%-7.4%31.5K-856.5K-7.9K0.0093.39N/AN/A007,8902,284