PL Options History — February 2011

In February 2011, PL traded between $27.38 and $29.49. ATM implied volatility averaged 32.7%, placing in the 28.7% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 9.2% (HV 20d: 23.5%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.06.

Notable Days

  • 2011-02-02: Highest Volume — 374 contracts
  • 2011-02-23: Largest IV spike — 25.9% change
  • 2011-02-09: Highest IV Rank — 44.7%
  • 2011-02-23: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.55$27.38$29.49$28.34$28.43
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV32.7%28.0%40.0%34.7%28.9%
Expected Move9.0%8.0%10.9%9.9%8.3%
HV 20d23.5%19.8%28.8%20.7%25.3%
HV 60d23.2%22.3%23.9%23.4%23.5%
IV Rank28.7%18.4%44.7%33.1%20.4%
IV Percentile22.9%5.6%58.3%24.2%9.1%
Term Structure0.2%-3.9%2.7%-2.9%1.9%
VWIV30.4%20.1%34.9%34.8%29.3%
Skew 25d6.4%-9.6%13.8%10.5%-2.2%
Skew 10d7.7%-2.1%20.6%5.7%-0.4%
Call IV 25d29.7%25.8%35.5%34.8%29.3%
Put IV 25d36.1%21.0%46.5%45.3%27.0%
Bid-Ask Spread %53.2324.0791.2928.0166.87
Gamma HHI0.900.700.980.930.91
Net GEX198.3K51.8K365.8K152.3K63.4K
Net DEX-2.1M-3.4M-1.1M-2.1M-1.5M
Net VEX-7.5K-9.1K-5.7K-8.7K-6.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.006.180.001.83
Total Volume86.42113741017
Total OI3,056.5261,9853,8002,9102,136

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$28.34$30.0034.7%9.9%20.7%33.1%34.8%10.5%-2.9%152.3K-2.1M-8.7K0.0028.01N/AN/A1002,167743
2011-02-02$28.33$30.0033.6%9.6%20.6%30.7%34.5%9.0%-2.6%161.6K-2.0M-8.4K0.0024.26N/AN/A37402,177743
2011-02-03$28.43$30.0034.4%9.8%19.8%32.3%34.9%11.0%-3.0%205.6K-2.3M-9.0K0.0026.23N/AN/A4402,467743
2011-02-04$28.89$30.0035.2%9.2%20.5%34.1%0.0%11.5%-0.0%224.5K-2.7M-9.1K0.0034.69N/AN/A16902,484743
2011-02-07$29.49$30.0039.2%9.2%21.8%43.0%32.2%13.8%0.4%260.1K-3.4M-9.0K0.4424.07N/AN/A39172,505743
2011-02-08$29.18$30.0040.0%9.4%22.2%44.7%0.0%10.5%-0.6%254.0K-3.2M-8.8K0.0126.25N/AN/A12412,540760
2011-02-09$28.99$30.0040.0%9.4%22.3%44.7%0.0%11.7%-1.2%255.8K-3.1M-9.0K0.3564.75N/AN/A171602,600761
2011-02-10$28.49$30.0030.3%8.7%23.0%23.5%30.3%5.7%0.1%186.6K-1.6M-7.0K0.4564.82N/AN/A128582,675821
2011-02-11$29.03$30.0028.3%8.1%23.5%19.1%0.0%12.8%2.7%365.8K-2.6M-8.5K0.0026.80N/AN/A8902,767842
2011-02-14$28.85$30.0030.3%8.7%23.6%23.3%30.3%9.3%1.3%347.7K-2.5M-7.9K1.1769.72N/AN/A672,822842
2011-02-15$28.59$30.0028.8%8.3%23.8%20.1%28.8%7.7%1.2%212.3K-1.7M-6.8K0.3769.74N/AN/A62232,819849
2011-02-16$28.76$30.0028.2%8.1%23.7%18.9%28.2%8.3%2.6%263.7K-1.9M-7.1K2.2753.84N/AN/A11252,879872
2011-02-17$28.84$30.0028.1%8.1%23.2%18.6%0.0%10.0%1.9%282.9K-1.9M-7.0K3.3354.99N/AN/A3102,890897
2011-02-18$28.92$30.0028.0%8.0%23.0%18.4%0.0%-3.7%2.0%301.8K-2.0M-6.5K0.0778.44N/AN/A1412,893907
2011-02-22$27.91$30.0030.3%8.7%26.6%23.5%0.0%-9.6%2.5%59.2K-1.4M-6.3K0.0043.18N/AN/A101,309676
2011-02-23$27.47$30.0038.2%10.9%27.1%40.7%20.1%-3.6%-3.9%53.7K-1.2M-5.9K0.2091.29N/AN/A1021,310676
2011-02-24$27.38$30.0035.7%10.2%27.0%35.3%0.0%-0.2%0.7%51.8K-1.1M-5.7K3.4088.27N/AN/A10341,310676
2011-02-25$28.19$30.0028.9%8.3%28.8%20.4%0.0%9.8%0.2%64.8K-1.4M-6.1K6.1875.12N/AN/A171051,320710
2011-02-28$28.43$30.0028.9%8.3%25.3%20.4%29.3%-2.2%1.9%63.4K-1.5M-6.6K1.8366.87N/AN/A6111,326810