NGL Options History — May 2024

In May 2024, NGL traded between $5.54 and $5.95. ATM implied volatility averaged 73.9%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 48.2% (HV 20d: 25.7%). 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 13 of 22 days. Put/call ratio averaged 2.01.

Notable Days

  • 2024-05-30: Highest Volume — 1,887 contracts
  • 2024-05-22: Largest IV spike — 58.6% change
  • 2024-05-09: Highest IV Rank — 85.5%
  • 2024-05-03: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.72$5.54$5.95$5.78$5.66
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV73.9%28.4%135.3%90.3%69.8%
Expected Move14.4%8.1%28.2%25.9%20.0%
HV 20d25.7%24.0%28.0%27.6%24.0%
HV 60d22.2%20.5%23.3%22.5%22.4%
IV Rank38.1%3.0%85.5%50.8%35.0%
IV Percentile58.3%1.6%99.2%92.9%70.2%
Term Structure0.6%-29.2%20.5%-10.2%-11.9%
VWIV56.1%27.1%111.4%28.3%68.4%
Bid-Ask Spread %97.8876.02133.5494.40100.01
Gamma HHI0.580.490.640.580.49
Net GEX31.2K26.6K47.9K31.0K47.9K
Net DEX-802.1K-1.6M-537.7K-835.5K-1.6M
Net VEX-7.8K-8.8K-6.7K-8.2K-8.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.010.0021.000.060.02
Total Volume265.27371,887891,360
Total OI11,111.510,17413,21310,17413,213

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$5.78$5.0090.3%25.9%27.6%50.8%0.0%0.0%-10.2%31.0K-835.5K-8.2K0.0694.40N/AN/A8457,8902,284
2024-05-02$5.87$5.0093.5%26.8%28.0%53.2%0.0%0.0%-26.8%31.2K-924.9K-8.0K0.0093.18N/AN/A6707,9142,285
2024-05-03$5.92$5.0098.4%28.2%25.6%57.0%0.0%0.0%-29.2%32.4K-1.1M-8.5K5.7795.10N/AN/A261507,9272,285
2024-05-06$5.92$5.00111.1%9.6%25.1%66.8%0.0%0.0%17.0%31.4K-920.8K-8.2K0.0091.48N/AN/A2707,9272,426
2024-05-07$5.84$5.00116.0%9.7%24.6%70.6%0.0%0.0%19.6%30.7K-837.2K-8.3K0.0691.92N/AN/A700457,9272,426
2024-05-08$5.95$5.00121.1%12.0%24.2%74.6%0.0%0.0%0.1%36.6K-1.0M-8.6K0.1190.33N/AN/A261308,5582,457
2024-05-09$5.79$5.00135.3%9.0%25.9%85.5%28.3%0.0%20.2%33.8K-833.0K-8.3K0.47118.73N/AN/A38188,6612,487
2024-05-10$5.74$5.00128.4%9.5%25.9%80.2%0.0%0.0%20.5%33.5K-889.4K-8.8K0.03122.43N/AN/A3118,6722,504
2024-05-13$5.61$5.00111.9%11.4%26.9%67.5%0.0%0.0%18.3%29.8K-638.5K-7.5K10.71108.46N/AN/A7758,6722,504
2024-05-14$5.58$5.0065.0%15.3%25.1%31.3%0.0%0.0%-5.0%28.9K-593.8K-7.4K2.0689.29N/AN/A17358,6772,499
2024-05-15$5.72$5.0036.6%10.5%26.5%9.4%31.5%0.0%11.1%32.0K-784.8K-8.0K0.6176.02N/AN/A140858,6782,524
2024-05-16$5.72$5.0050.8%14.6%26.4%20.3%53.6%0.0%12.0%30.9K-936.7K-8.5K0.7387.43N/AN/A1541138,7242,585
2024-05-17$5.70$5.0056.0%16.0%26.2%24.3%56.0%0.0%-8.0%29.2K-694.6K-7.7K0.3985.44N/AN/A80318,7122,698
2024-05-20$5.64$5.0028.4%8.1%26.4%3.0%30.3%0.0%4.6%29.3K-677.6K-7.7K1.3376.88N/AN/A348,5602,596
2024-05-21$5.74$5.0033.7%9.7%26.4%7.2%34.4%0.0%11.7%27.4K-660.4K-6.9K21.0079.97N/AN/A1218,5592,599
2024-05-22$5.64$5.0053.4%15.3%25.8%22.4%0.0%0.0%-19.2%27.6K-595.6K-6.9K0.22127.34N/AN/A2358,5602,619
2024-05-23$5.54$5.0032.5%9.3%25.7%6.2%27.1%0.0%11.8%27.0K-604.5K-7.5K0.30133.54N/AN/A117358,5642,624
2024-05-24$5.66$5.0050.2%14.4%25.8%19.9%0.0%0.0%4.9%29.6K-688.4K-7.7K0.01123.54N/AN/A10018,6712,660
2024-05-28$5.58$5.0046.5%13.3%24.7%17.0%111.4%0.0%-16.4%27.9K-537.7K-6.7K0.2980.27N/AN/A728,7712,661
2024-05-29$5.59$5.0038.2%11.0%24.4%10.6%102.1%0.0%6.1%26.6K-565.0K-6.8K0.0487.01N/AN/A4828,7702,663
2024-05-30$5.61$5.0058.4%16.7%24.5%26.2%73.8%0.0%-17.6%30.6K-734.3K-7.7K0.01100.68N/AN/A1,862258,7972,663
2024-05-31$5.66$5.0069.8%20.0%24.0%35.0%68.4%0.0%-11.9%47.9K-1.6M-8.4K0.02100.01N/AN/A1,3342610,5272,686