NGL Options History — July 2024

In July 2024, NGL traded between $4.57 and $5.04. ATM implied volatility averaged 46.1%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 7.5% (HV 20d: 38.6%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 2.31.

Notable Days

  • 2024-07-31: Highest Volume — 805 contracts
  • 2024-07-30: Largest IV spike — 38.3% change
  • 2024-07-30: Highest IV Rank — 28.0%
  • 2024-07-30: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.78$4.57$5.04$5.04$4.57
Max Pain$4.18$4.00$5.00$5.00$5.00
ATM IV46.1%35.7%55.4%43.8%52.2%
Expected Move13.2%10.2%15.9%12.6%15.0%
HV 20d38.6%24.1%55.5%55.5%24.1%
HV 60d37.7%37.1%38.4%38.1%37.1%
IV Rank19.6%10.2%28.0%17.5%25.1%
IV Percentile32.8%11.5%56.7%24.6%50.4%
Term Structure4.3%-13.5%88.4%-1.1%-13.5%
VWIV56.6%32.0%145.6%49.3%47.2%
Skew 25d8.7%-14.8%56.5%49.6%6.5%
Skew 10d17.5%-45.3%95.4%95.4%-3.0%
Call IV 25d43.5%28.6%60.9%37.1%46.7%
Put IV 25d52.2%39.5%104.0%86.6%53.2%
Bid-Ask Spread %93.7939.27126.35105.0792.54
Gamma HHI0.710.570.790.770.57
Net GEX13.6K10.2K21.9K14.3K11.2K
Net DEX141.0K-72.3K456.6K23.3K-33.0K
Net VEX-3.3K-4.3K-2.5K-4.3K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.0035.200.000.01
Total Volume143.227080513805
Total OI9,357.1365,37911,96011,3265,705

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$5.04$5.0043.8%12.6%55.5%17.5%0.0%49.6%-1.1%14.3K23.3K-4.3K0.00105.07N/AN/A1308,4472,879
2024-07-02$4.95$5.0049.3%14.1%55.4%22.5%49.3%56.5%-9.1%13.8K12.5K-4.2K2.0086.89N/AN/A248,4582,679
2024-07-03$4.92$5.0047.0%13.5%55.4%20.4%0.0%-0.3%0.0%14.0K-15.1K-4.2K0.0039.27N/AN/A008,4602,679
2024-07-05$4.75$4.0048.0%13.3%54.7%21.3%0.0%-3.4%-2.1%13.5K351.1K-3.4K3.65116.03N/AN/A1144168,4702,679
2024-07-08$4.84$4.0049.9%14.3%55.5%23.0%55.6%-0.2%-4.5%13.8K147.0K-3.7K0.0992.60N/AN/A112108,5262,829
2024-07-09$4.79$4.0050.3%13.9%48.6%23.4%50.0%-6.5%-7.9%14.0K302.2K-3.3K0.10103.46N/AN/A110118,6002,829
2024-07-10$4.74$4.0044.3%12.7%48.0%17.9%32.0%10.5%18.8%14.4K331.3K-3.2K0.00100.85N/AN/A14008,6992,829
2024-07-11$4.66$4.0035.7%10.2%48.1%10.2%35.8%1.5%11.8%14.6K333.7K-3.2K2.50120.99N/AN/A461158,8392,817
2024-07-12$4.62$4.0040.4%11.6%48.0%14.4%116.8%-4.8%22.6%13.4K421.1K-3.4K0.14126.35N/AN/A103148,8752,874
2024-07-15$4.71$4.0040.4%11.6%41.3%14.4%0.0%-14.8%12.7%16.3K343.6K-3.3K0.86121.49N/AN/A35308,9652,849
2024-07-16$4.86$4.0043.4%12.4%38.7%17.1%41.4%7.8%5.1%16.0K11.0K-4.0K0.23106.66N/AN/A173398,9902,847
2024-07-17$4.86$4.0050.8%14.6%30.8%23.9%0.0%11.8%-8.0%20.5K153.7K-3.3K1.86113.82N/AN/A7139,0862,862
2024-07-18$4.83$4.0045.3%13.0%28.6%18.8%0.0%-6.0%5.1%21.9K261.8K-3.4K0.71107.70N/AN/A38279,0792,873
2024-07-19$4.87$4.0043.1%12.4%28.9%16.9%145.6%4.0%88.4%10.8K456.6K-3.1K35.20112.86N/AN/A51769,1102,850
2024-07-22$4.86$4.0043.4%12.4%28.8%17.1%39.5%9.0%-8.2%11.2K-3.5K-3.0K0.0979.78N/AN/A2223,6371,742
2024-07-23$4.83$4.0052.4%15.0%28.5%25.3%0.0%8.7%-6.9%10.2K-12.8K-3.0K0.0076.04N/AN/A7203,6461,742
2024-07-24$4.75$4.0039.9%11.4%28.3%13.9%36.4%10.7%-0.8%11.2K17.0K-2.9K0.0074.39N/AN/A503,6971,742
2024-07-25$4.75$4.0051.8%14.8%27.5%24.7%38.2%12.6%-4.6%10.8K11.9K-2.8K0.0072.06N/AN/A5003,7001,703
2024-07-26$4.66$4.0047.3%13.6%26.0%20.6%42.7%5.1%-10.1%11.4K61.7K-2.5K0.0068.88N/AN/A8503,7501,703
2024-07-29$4.62$4.0040.1%11.5%24.1%14.1%49.2%22.5%6.4%10.8K-496-2.8K1.0270.48N/AN/A1081103,8321,703
2024-07-30$4.64$4.0055.4%15.9%24.2%28.0%69.0%9.9%0.1%11.2K-72.3K-2.7K0.0875.15N/AN/A129103,9401,636
2024-07-31$4.57$5.0052.2%15.0%24.1%25.1%47.2%6.5%-13.5%11.2K-33.0K-2.7K0.0192.54N/AN/A795104,0591,646