NGL Options History — April 2026

In April 2026, NGL traded between $12.41 and $12.50. ATM implied volatility averaged 61.0%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 10.6% (HV 20d: 50.4%). Max pain ranged from $6.00 to $8.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 1 of 2 days. Put/call ratio averaged 0.26.

Notable Days

2026-04-01: Highest Volume — 59 contracts
2026-04-02: Largest IV spike — 5.4% change
2026-04-02: Highest IV Rank — 16.2%
2026-04-02: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.46	$12.41	$12.50	$12.41	$12.50
Max Pain	$7.00	$6.00	$8.00	$6.00	$8.00
ATM IV	61.0%	59.4%	62.6%	59.4%	62.6%
Expected Move	17.5%	17.0%	17.9%	17.0%	17.9%
HV 20d	50.4%	50.3%	50.5%	50.5%	50.3%
HV 60d	52.2%	52.2%	52.3%	52.3%	52.2%
IV Rank	15.5%	14.8%	16.2%	14.8%	16.2%
IV Percentile	65.1%	59.9%	70.2%	59.9%	70.2%
Term Structure	0.9%	-2.5%	4.3%	-2.5%	4.3%
VWIV	56.9%	56.9%	56.9%	56.9%	56.9%
Skew 25d	1.5%	0.1%	2.9%	2.9%	0.1%
Skew 10d	1.6%	-4.8%	8.1%	8.1%	-4.8%
Call IV 25d	59.6%	57.7%	61.5%	61.5%	57.7%
Put IV 25d	61.2%	57.8%	64.5%	64.5%	57.8%
Bid-Ask Spread %	56.09	43.56	68.61	43.56	68.61
Gamma HHI	0.23	0.22	0.23	0.22	0.23
Net GEX	197.0K	194.7K	199.4K	199.4K	194.7K
Net DEX	-15.7M	-15.7M	-15.6M	-15.7M	-15.6M
Net VEX	-17.5K	-17.7K	-17.3K	-17.3K	-17.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.00	0.51	0.51	0.00
Total Volume	34.5	10	59	59	10
Total OI	17,566.5	17,461	17,672	17,672	17,461

Daily Data (2 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$12.41	$6.00	59.4%	17.0%	50.5%	14.8%	56.9%	2.9%	-2.5%	199.4K	-15.7M	-17.3K	0.51	43.56	N/A	N/A	39	20	17,017	655
2026-04-02	$12.50	$8.00	62.6%	17.9%	50.3%	16.2%	0.0%	0.1%	4.3%	194.7K	-15.6M	-17.7K	0.00	68.61	N/A	N/A	10	0	16,806	655