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United States 12 Month Natural Gas Fund, LP UNL

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Market datapartial · fetched 2026-10-23T14:12:11.930Z

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 · 2026-10-23T14:08:44.261189776Z

FundamentalsAlpha Vantage · unavailable

Share price$5.32
1D+0.4%
$5.30$5.30$5.31$5.32$5.335:30 AM6:30 AM9:00 AM1:00 PMUNL
Sold putSold call

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$0.00$1.48$2.96$4.44$5.92$3.13$4.10$5.07$6.04$7.0120Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive UNL spot · $5.32UNL PRICE$0.32$0.47$0.25$0.28$0.30$0.33$0.36$0.38$0.41$0.44$0.67$1.12$0.38$0.15$0.49$0.99$1.49$1.99$2.49$2.99$3.49$3.99$4.49$4.99$5.49
PutsExpensive4.65×
CallsExpensive4.23×
SkewBearish+34.25 pp
Implied moveBearish±$2.82
TiltBearish72.4% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ3.98176.2%32.2%
25Δ8.58183.1%67.3%4.8165.3%12.4%
30Δ9.51231.4%87.6%5.4151.5%7.6%
35Δ5.9981.7%17.3%5.9365.8%7.2%
40Δ5.8676.6%15.3%6.4580.2%6.8%
45Δ5.7371.5%13.4%6.9794.5%6.4%
50Δ5.5966.5%11.4%7.49108.9%5.9%
55Δ5.4661.4%9.4%8.01123.2%5.5%
60Δ5.3356.3%7.4%8.54137.6%5.1%
65Δ5.2051.2%5.4%9.06151.9%4.7%
70Δ5.0746.1%3.5%9.58166.3%4.3%
75Δ4.7855.9%2.3%10.10180.6%3.9%
80Δ4.3181.6%2.1%10.62195.0%3.5%

20Δ

Calls
Pseudo strike
IV
B/E move
Puts
Pseudo strike
3.98
IV
176.2%
B/E move
32.2%

25Δ

Calls
Pseudo strike
8.58
IV
183.1%
B/E move
67.3%
Puts
Pseudo strike
4.81
IV
65.3%
B/E move
12.4%

30Δ

Calls
Pseudo strike
9.51
IV
231.4%
B/E move
87.6%
Puts
Pseudo strike
5.41
IV
51.5%
B/E move
7.6%

35Δ

Calls
Pseudo strike
5.99
IV
81.7%
B/E move
17.3%
Puts
Pseudo strike
5.93
IV
65.8%
B/E move
7.2%

40Δ

Calls
Pseudo strike
5.86
IV
76.6%
B/E move
15.3%
Puts
Pseudo strike
6.45
IV
80.2%
B/E move
6.8%

45Δ

Calls
Pseudo strike
5.73
IV
71.5%
B/E move
13.4%
Puts
Pseudo strike
6.97
IV
94.5%
B/E move
6.4%

50Δ

Calls
Pseudo strike
5.59
IV
66.5%
B/E move
11.4%
Puts
Pseudo strike
7.49
IV
108.9%
B/E move
5.9%

55Δ

Calls
Pseudo strike
5.46
IV
61.4%
B/E move
9.4%
Puts
Pseudo strike
8.01
IV
123.2%
B/E move
5.5%

60Δ

Calls
Pseudo strike
5.33
IV
56.3%
B/E move
7.4%
Puts
Pseudo strike
8.54
IV
137.6%
B/E move
5.1%

65Δ

Calls
Pseudo strike
5.20
IV
51.2%
B/E move
5.4%
Puts
Pseudo strike
9.06
IV
151.9%
B/E move
4.7%

70Δ

Calls
Pseudo strike
5.07
IV
46.1%
B/E move
3.5%
Puts
Pseudo strike
9.58
IV
166.3%
B/E move
4.3%

75Δ

Calls
Pseudo strike
4.78
IV
55.9%
B/E move
2.3%
Puts
Pseudo strike
10.10
IV
180.6%
B/E move
3.9%

80Δ

Calls
Pseudo strike
4.31
IV
81.6%
B/E move
2.1%
Puts
Pseudo strike
10.62
IV
195.0%
B/E move
3.5%

Options history

No recorded observations