NGL Options History — October 2024

In October 2024, NGL traded between $4.00 and $4.83. ATM implied volatility averaged 54.5%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 8.6% (HV 20d: 45.9%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 10.01.

Notable Days

  • 2024-10-07: Highest Volume — 1,027 contracts
  • 2024-10-08: Largest IV spike — 85.4% change
  • 2024-10-08: Highest IV Rank — 67.9%
  • 2024-10-29: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.35$4.00$4.83$4.51$4.00
Max Pain$4.52$4.00$5.00$4.00$4.00
ATM IV54.5%38.0%99.6%51.8%58.2%
Expected Move14.2%10.2%21.8%14.8%16.7%
HV 20d45.9%34.4%55.6%52.4%35.3%
HV 60d45.0%43.2%46.2%43.3%43.3%
IV Rank27.1%12.3%67.9%24.7%30.5%
IV Percentile57.7%23.0%96.8%57.5%71.8%
Term Structure-5.6%-23.5%13.4%-22.7%7.2%
VWIV58.7%32.5%117.0%49.9%46.0%
Skew 25d13.9%-28.0%65.3%-13.6%65.3%
Skew 10d34.6%-13.2%95.1%-10.7%93.4%
Call IV 25d45.3%33.1%67.5%55.9%46.2%
Put IV 25d59.2%37.6%114.8%42.2%111.5%
Bid-Ask Spread %94.5067.82124.0067.8277.67
Gamma HHI0.380.260.660.340.32
Net GEX7.5K-22.0K53.0K9.8K4.6K
Net DEX-419.9K-1.1M-148.0K-481.3K-208.6K
Net VEX-5.0K-7.0K-3.9K-6.0K-4.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.010.00145.710.020.05
Total Volume135.43551,0274361
Total OI11,193.0437,72713,46413,0188,333

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-10-01$4.51$4.0051.8%14.8%52.4%24.7%49.9%-13.6%-22.7%9.8K-481.3K-6.0K0.0267.82N/AN/A4218,2944,724
2024-10-02$4.38$4.0044.5%12.8%51.2%18.1%39.0%-8.1%-12.8%-2.4K-300.3K-5.8K0.3685.25N/AN/A120438,3294,725
2024-10-03$4.39$5.0081.3%10.5%51.0%51.3%117.0%-16.7%10.7%2.1K-322.7K-6.1K0.79117.42N/AN/A76608,4424,754
2024-10-04$4.41$5.0046.4%12.3%51.0%19.9%0.0%4.7%5.5%-1.6K-317.7K-5.7K0.05108.04N/AN/A7348,4984,813
2024-10-07$4.54$5.0053.7%10.2%51.7%26.4%0.0%13.6%13.4%11.2K-484.8K-5.7K145.71122.31N/AN/A71,0208,5014,813
2024-10-08$4.83$5.0099.6%15.6%55.6%67.9%54.4%0.2%-15.2%17.3K-1.1M-7.0K1.2596.02N/AN/A458,5314,523
2024-10-09$4.80$5.0040.8%11.7%54.2%14.8%32.5%-6.5%-3.2%53.0K-899.5K-5.8K0.5097.10N/AN/A428,5334,523
2024-10-10$4.69$5.0038.0%10.9%54.8%12.3%95.9%-0.6%8.5%34.9K-778.3K-5.6K0.00124.00N/AN/A078,5334,523
2024-10-11$4.63$5.0052.8%15.1%53.2%25.6%36.9%-10.7%-3.2%27.8K-706.8K-5.7K40.0088.84N/AN/A31208,5334,526
2024-10-14$4.47$5.0047.6%13.6%54.2%20.9%35.0%-28.0%-8.1%6.0K-420.4K-4.9K3.8398.39N/AN/A6238,5604,646
2024-10-15$4.37$5.0061.6%17.7%51.7%33.6%61.2%30.5%-17.2%-7.6K-310.0K-4.6K0.8683.24N/AN/A43378,5554,577
2024-10-16$4.35$5.0039.0%11.2%50.8%13.2%89.7%1.1%2.8%-10.8K-239.6K-4.3K0.00101.04N/AN/A058,5924,614
2024-10-17$4.26$5.0051.2%14.7%50.6%24.1%43.1%13.0%-9.0%-22.0K-148.0K-3.9K0.01106.27N/AN/A30648,5924,601
2024-10-18$4.25$5.0055.6%15.9%49.1%28.1%64.8%23.6%-4.0%5.5K-345.3K-4.5K0.0199.15N/AN/A23028,8624,602
2024-10-21$4.17$4.0046.2%13.2%38.7%19.6%43.4%13.6%-23.4%5.5K-284.0K-4.3K0.25103.02N/AN/A271675,3382,389
2024-10-22$4.15$4.0053.8%15.4%38.5%26.5%60.3%19.4%-10.6%5.9K-382.1K-4.6K0.0088.49N/AN/A0345,6092,396
2024-10-23$4.17$4.0045.0%12.9%35.2%18.6%0.0%20.5%7.2%5.9K-368.5K-4.4K0.7298.40N/AN/A39285,6092,412
2024-10-24$4.18$4.0045.9%13.1%34.4%19.4%0.0%26.2%2.4%6.3K-391.6K-4.5K3.8599.48N/AN/A391505,6392,426
2024-10-25$4.22$4.0056.3%16.1%34.7%28.7%0.0%27.5%-23.5%6.6K-379.8K-4.7K0.2088.62N/AN/A515,6772,497
2024-10-28$4.08$4.0057.3%16.4%36.1%29.6%73.9%37.0%-1.1%5.6K-280.5K-4.4K0.4670.03N/AN/A92425,6842,497
2024-10-29$4.03$4.0075.9%21.8%35.8%46.5%0.0%53.5%-20.3%5.3K-215.6K-4.0K0.0071.01N/AN/A505,7722,533
2024-10-30$4.07$4.0050.5%14.5%35.1%23.6%55.2%54.2%-12.5%4.5K-252.8K-4.1K1.2781.81N/AN/A15195,7772,533
2024-10-31$4.00$4.0058.2%16.7%35.3%30.5%46.0%65.3%7.2%4.6K-208.6K-4.0K0.0577.67N/AN/A5835,7872,546