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United States 12 Month Natural Gas Fund, LP UNL

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Market datapartial · fetched 2026-10-22T22:59:56.178Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew and implied move: recorded expiration-specific observations.

History data

PriceAlpaca · sip · 2026-10-22T22:30:00.004090205Z

FundamentalsAlpha Vantage · unavailable

Share price$5.39
1D-0.3%
AH$5.37$5.39$5.40$5.42$5.445:30 AM6:30 AM9:00 AM1:00 PM2:00 PMUNL
Sold putSold callAH

United States 12 Month Natural Gas Fund, LP options

Live interpolated UNL call and put midpoint premiums by absolute delta.United States 12 Month Natural Gas Fund, LP$0.32$0.83$1.34$1.85$2.37$2.86$3.96$5.07$6.17$7.2820Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive UNL spot · $5.38UNL PRICE$0.38$0.38$0.38$0.38$0.39$0.42$0.44$0.46$0.49$0.51$0.59$0.84$0.39$0.54$0.69$0.84$1.00$1.15$1.30$1.46$1.61$1.76$1.91$2.07$2.22
PutsExpensive5.12×
CallsExpensive4.45×
SkewBearish+41.87 pp
Implied moveBearish±$1.72
TiltBearish50.0% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ4.02175.2%32.5%
25Δ9.91218.8%90.9%4.29169.1%30.3%
30Δ7.68163.1%49.6%4.56163.1%28.1%
35Δ6.70128.7%31.4%4.84157.0%25.9%
40Δ6.08102.1%19.8%5.11150.9%23.7%
45Δ5.8792.1%16.3%5.38144.8%21.5%
50Δ5.7284.5%13.9%5.65138.7%19.3%
55Δ5.5776.9%11.5%5.92132.6%17.1%
60Δ5.4269.2%9.2%6.19126.5%14.9%
65Δ5.2761.6%6.8%6.46120.4%12.7%
70Δ5.1154.0%4.4%6.73114.3%10.5%
75Δ4.9350.5%2.5%7.01108.2%8.3%
80Δ4.6660.4%2.1%7.28102.2%6.1%

20Δ

Calls
Pseudo strike
IV
B/E move
Puts
Pseudo strike
4.02
IV
175.2%
B/E move
32.5%

25Δ

Calls
Pseudo strike
9.91
IV
218.8%
B/E move
90.9%
Puts
Pseudo strike
4.29
IV
169.1%
B/E move
30.3%

30Δ

Calls
Pseudo strike
7.68
IV
163.1%
B/E move
49.6%
Puts
Pseudo strike
4.56
IV
163.1%
B/E move
28.1%

35Δ

Calls
Pseudo strike
6.70
IV
128.7%
B/E move
31.4%
Puts
Pseudo strike
4.84
IV
157.0%
B/E move
25.9%

40Δ

Calls
Pseudo strike
6.08
IV
102.1%
B/E move
19.8%
Puts
Pseudo strike
5.11
IV
150.9%
B/E move
23.7%

45Δ

Calls
Pseudo strike
5.87
IV
92.1%
B/E move
16.3%
Puts
Pseudo strike
5.38
IV
144.8%
B/E move
21.5%

50Δ

Calls
Pseudo strike
5.72
IV
84.5%
B/E move
13.9%
Puts
Pseudo strike
5.65
IV
138.7%
B/E move
19.3%

55Δ

Calls
Pseudo strike
5.57
IV
76.9%
B/E move
11.5%
Puts
Pseudo strike
5.92
IV
132.6%
B/E move
17.1%

60Δ

Calls
Pseudo strike
5.42
IV
69.2%
B/E move
9.2%
Puts
Pseudo strike
6.19
IV
126.5%
B/E move
14.9%

65Δ

Calls
Pseudo strike
5.27
IV
61.6%
B/E move
6.8%
Puts
Pseudo strike
6.46
IV
120.4%
B/E move
12.7%

70Δ

Calls
Pseudo strike
5.11
IV
54.0%
B/E move
4.4%
Puts
Pseudo strike
6.73
IV
114.3%
B/E move
10.5%

75Δ

Calls
Pseudo strike
4.93
IV
50.5%
B/E move
2.5%
Puts
Pseudo strike
7.01
IV
108.2%
B/E move
8.3%

80Δ

Calls
Pseudo strike
4.66
IV
60.4%
B/E move
2.1%
Puts
Pseudo strike
7.28
IV
102.2%
B/E move
6.1%

Options history

No recorded observations