NGL Options History — November 2024

In November 2024, NGL traded between $4.02 and $4.85. ATM implied volatility averaged 47.7%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 15.2% (HV 20d: 32.5%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2024-11-27: Highest Volume — 1,202 contracts
  • 2024-11-13: Largest IV drop — 70.0% change
  • 2024-11-11: Highest IV Rank — 64.2%
  • 2024-11-01: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.36$4.02$4.85$4.02$4.85
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV47.7%24.8%95.6%67.6%25.8%
Expected Move10.9%7.1%19.4%19.4%7.4%
HV 20d32.5%21.7%37.2%35.3%36.0%
HV 60d41.7%40.0%43.2%43.2%41.7%
IV Rank21.0%0.3%64.2%39.0%1.2%
IV Percentile39.6%0.8%96.0%80.2%1.6%
Term Structure-1.1%-23.7%14.7%-11.7%13.1%
VWIV36.2%24.1%68.1%68.1%28.0%
Skew 25d10.7%-10.9%84.8%45.7%23.4%
Skew 10d31.8%-10.2%161.2%76.4%25.0%
Call IV 25d35.5%24.0%55.4%55.4%26.0%
Put IV 25d46.3%24.1%119.8%101.0%49.4%
Bid-Ask Spread %78.8466.88110.1270.5184.99
Gamma HHI0.460.300.680.320.68
Net GEX23.8K2.5K91.5K4.9K91.5K
Net DEX-693.6K-1.7M-224.2K-224.2K-1.7M
Net VEX-4.6K-6.6K-3.3K-4.0K-6.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.006.540.010.01
Total Volume354.55101,202153130
Total OI10,268.78,38313,0468,38313,046

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$4.02$4.0067.6%19.4%35.3%39.0%68.1%45.7%-11.7%4.9K-224.2K-4.0K0.0170.51N/AN/A15125,8342,549
2024-11-04$4.04$4.0060.2%16.4%33.3%32.2%0.0%4.8%-9.0%4.7K-290.8K-4.0K0.0095.93N/AN/A0105,9462,543
2024-11-05$4.02$4.0062.4%14.8%21.7%34.3%0.0%10.8%-0.9%4.3K-224.7K-3.7K6.5489.99N/AN/A13855,9562,548
2024-11-06$4.18$4.0051.7%13.0%27.6%24.6%45.0%84.8%-22.6%6.1K-426.9K-4.3K0.9087.03N/AN/A1095,9682,590
2024-11-07$4.18$4.0079.9%8.7%27.0%50.1%30.5%5.4%13.5%5.7K-318.9K-3.3K0.13110.12N/AN/A86115,9682,595
2024-11-08$4.18$4.0074.0%11.9%27.0%44.8%30.8%21.5%0.2%2.5K-282.0K-3.3K0.0069.88N/AN/A4306,0522,605
2024-11-11$4.39$4.0095.6%13.3%30.8%64.2%49.8%-6.0%1.4%7.5K-522.4K-3.9K0.0079.50N/AN/A1,10916,0952,605
2024-11-12$4.25$4.0085.6%12.2%31.9%55.2%52.5%-0.8%-9.4%19.5K-668.3K-5.2K0.0076.93N/AN/A50728,1052,605
2024-11-13$4.30$4.0025.7%7.4%32.2%1.2%28.0%3.8%14.7%23.9K-804.0K-5.4K0.0272.07N/AN/A846208,5732,606
2024-11-14$4.38$4.0036.2%10.4%31.9%10.6%37.6%-10.9%-8.9%23.6K-731.4K-5.0K0.0381.36N/AN/A476148,5992,600
2024-11-15$4.30$4.0026.5%7.6%32.7%1.8%29.3%9.7%5.9%19.8K-611.2K-4.5K3.1070.36N/AN/A21658,6722,611
2024-11-18$4.30$4.0024.8%7.1%31.9%0.3%32.8%-0.4%13.9%17.2K-534.1K-4.1K1.1171.94N/AN/A18208,1392,388
2024-11-19$4.32$4.0038.8%11.1%31.8%13.0%31.2%-1.1%-23.7%20.7K-603.9K-4.4K0.3870.99N/AN/A88338,1532,408
2024-11-20$4.54$4.0027.4%7.8%36.0%2.6%24.1%6.6%11.7%30.1K-783.9K-4.3K0.0066.88N/AN/A63508,1412,410
2024-11-21$4.46$4.0039.6%11.3%36.9%13.7%0.0%3.9%-23.6%29.5K-786.7K-5.1K0.9573.34N/AN/A1051008,4772,410
2024-11-22$4.43$4.0028.9%8.3%36.9%4.0%29.3%-0.4%-0.5%19.5K-628.6K-4.5K0.0173.39N/AN/A13118,5222,510
2024-11-25$4.50$4.0037.5%10.8%34.6%11.8%28.2%-7.7%5.4%32.7K-908.0K-5.5K0.0685.58N/AN/A395238,6262,510
2024-11-26$4.70$4.0029.7%8.5%36.5%4.7%33.2%-5.7%6.4%52.4K-1.3M-5.8K0.0170.96N/AN/A72368,9912,511
2024-11-27$4.83$4.0036.0%10.3%37.2%10.4%36.1%26.6%2.1%59.4K-1.5M-6.0K0.0075.08N/AN/A1,20209,3962,511
2024-11-29$4.85$4.0025.8%7.4%36.0%1.2%28.0%23.4%13.1%91.5K-1.7M-6.6K0.0184.99N/AN/A129110,5352,511