NGL Options History — June 2024

In June 2024, NGL traded between $4.92 and $5.88. ATM implied volatility averaged 48.3%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 4.7% (HV 20d: 43.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.16.

Notable Days

  • 2024-06-07: Highest Volume — 5,196 contracts
  • 2024-06-07: Largest IV drop — 62.8% change
  • 2024-06-06: Highest IV Rank — 50.7%
  • 2024-06-03: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.35$4.92$5.88$5.71$5.04
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV48.3%33.5%90.1%79.0%41.4%
Expected Move13.8%10.9%22.6%22.6%11.9%
HV 20d43.6%24.0%55.8%24.0%55.8%
HV 60d31.7%22.1%38.1%22.4%38.1%
IV Rank19.8%7.0%50.7%42.1%15.3%
IV Percentile31.5%9.5%90.9%82.5%21.8%
Term Structure-4.0%-18.2%8.0%-18.2%-9.8%
VWIV48.4%37.7%80.1%80.1%41.7%
Skew 25d18.0%-3.9%29.8%20.1%1.1%
Skew 10d42.5%-6.3%71.2%36.9%1.6%
Call IV 25d37.2%31.0%46.1%31.0%40.0%
Put IV 25d55.2%41.1%68.4%51.2%41.1%
Bid-Ask Spread %78.3143.2695.6466.4843.26
Gamma HHI0.700.500.900.510.80
Net GEX30.3K12.4K57.2K56.7K15.3K
Net DEX-751.3K-2.3M191.3K-2.1M114.2K
Net VEX-5.5K-9.0K-3.9K-8.9K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.0011.900.360.18
Total Volume409.42155,1961520
Total OI12,579.94711,22814,48414,32911,334

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-06-03$5.71$5.0079.0%22.6%24.0%42.1%80.1%0.0%-18.2%56.7K-2.1M-8.9K0.3666.48N/AN/A11411,6432,686
2024-06-04$5.71$5.0070.4%20.2%24.0%35.5%73.2%0.0%2.0%57.2K-2.2M-9.0K0.9169.47N/AN/A222011,6462,684
2024-06-05$5.86$5.0073.0%20.9%25.5%37.5%63.2%0.0%-3.9%56.5K-2.3M-8.4K0.0469.25N/AN/A28111,6502,693
2024-06-06$5.88$5.0090.1%16.6%24.6%50.7%52.4%0.0%5.8%56.9K-2.3M-8.4K0.2176.89N/AN/A3377011,6752,692
2024-06-07$5.42$5.0033.5%11.9%36.9%7.0%45.0%0.0%5.4%57.2K-1.6M-5.4K0.2588.62N/AN/A4,1571,03911,7582,726
2024-06-10$5.50$5.0033.7%13.0%37.3%7.1%46.0%0.0%-5.3%20.8K-547.0K-4.8K1.4887.58N/AN/A1372039,0362,902
2024-06-11$5.42$5.0034.9%12.5%36.8%8.1%43.5%0.0%3.2%22.3K-467.0K-5.1K0.5480.73N/AN/A63349,1573,105
2024-06-12$5.33$5.0038.0%10.9%37.2%10.5%37.9%0.0%8.0%23.8K-373.3K-4.8K2.5987.73N/AN/A29759,2073,069
2024-06-13$4.94$5.0044.1%12.7%44.0%17.8%44.5%0.0%2.0%28.3K191.3K-4.5K0.3082.65N/AN/A219659,2103,110
2024-06-14$5.19$5.0042.4%12.2%48.4%16.2%43.9%0.0%0.1%35.1K-182.1K-4.6K0.0478.92N/AN/A241109,2402,957
2024-06-17$5.51$5.0045.0%12.9%53.6%18.6%45.0%0.0%-7.0%20.8K-729.4K-4.8K0.0090.79N/AN/A8109,4352,953
2024-06-18$5.31$5.0043.6%12.5%55.0%17.3%0.0%20.1%1.5%25.3K-566.2K-4.8K0.0195.64N/AN/A10819,4352,953
2024-06-20$5.26$5.0040.2%11.5%54.5%14.2%38.7%20.7%-9.7%28.7K-513.6K-4.7K1.5078.38N/AN/A239,5412,953
2024-06-21$5.22$5.0038.1%10.9%54.3%12.3%37.7%22.9%-5.7%13.3K-536.2K-4.8K0.5880.84N/AN/A155909,5412,953
2024-06-24$5.14$5.0045.3%13.0%54.2%18.9%52.5%29.8%-15.0%12.4K-236.4K-5.4K0.2358.93N/AN/A283668,5752,815
2024-06-25$5.20$5.0041.0%11.8%53.7%15.0%41.4%23.9%-9.8%15.0K-104.4K-4.3K0.6783.29N/AN/A328,4482,780
2024-06-26$5.08$5.0039.3%11.3%54.0%13.4%39.3%29.4%-6.6%16.0K73.2K-4.2K0.2581.84N/AN/A57148,4512,778
2024-06-27$4.92$5.0045.5%13.1%54.8%19.1%45.5%-3.9%-13.3%14.0K127.0K-4.1K11.9086.58N/AN/A101198,4592,769
2024-06-28$5.04$5.0041.4%11.9%55.8%15.3%41.7%1.1%-9.8%15.3K114.2K-3.9K0.1843.26N/AN/A1738,4552,879