PL Options History — September 2012

In September 2012, PL traded between $26.10 and $28.60. ATM implied volatility averaged 33.7%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 17.4% (HV 20d: 16.3%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 4.52.

Notable Days

  • 2012-09-17: Highest Volume — 205 contracts
  • 2012-09-19: Largest IV spike — 110.0% change
  • 2012-09-24: Highest IV Rank — 72.3%
  • 2012-09-24: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.55$26.10$28.60$28.23$26.21
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV33.7%16.5%57.4%33.1%34.0%
Expected Move9.1%4.7%16.5%9.5%9.8%
HV 20d16.3%13.5%20.6%13.5%20.6%
HV 60d23.0%20.9%24.8%24.4%21.0%
IV Rank31.9%2.5%72.3%30.7%32.4%
IV Percentile37.0%0.4%92.1%32.5%38.5%
Term Structure-0.1%-29.9%18.1%7.6%-18.0%
VWIV22.7%16.5%33.4%23.6%16.5%
Skew 25d4.5%-14.9%23.2%9.7%-14.9%
Skew 10d7.4%-1.3%18.9%2.8%-1.3%
Call IV 25d23.7%16.2%30.8%17.9%30.8%
Put IV 25d28.2%15.9%48.4%27.6%15.9%
Bid-Ask Spread %86.5456.56135.0282.28101.52
Gamma HHI0.460.300.610.530.32
Net GEX20.6K-16.2K47.4K37.9K-10.9K
Net DEX-78.1K-339.6K249.4K-305.0K214.2K
Net VEX-3.8K-4.4K-3.2K-4.3K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.520.0020.000.0020.00
Total Volume27.31602051110
Total OI1,476.8421,3811,5921,3811,582

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-09-04$28.23$30.0033.1%9.5%13.5%30.7%0.0%9.7%7.6%37.9K-305.0K-4.3K0.0082.28N/AN/A110859522
2012-09-05$27.52$30.0041.3%11.8%13.7%44.8%0.0%-3.8%3.1%34.9K-254.6K-4.0K0.00117.68N/AN/A00870522
2012-09-06$27.98$30.0037.8%10.8%14.1%38.8%0.0%6.7%10.0%28.7K-175.1K-4.1K0.0069.35N/AN/A100870522
2012-09-07$28.32$30.0044.5%10.1%14.7%50.2%0.0%7.6%3.5%32.8K-295.3K-4.4K0.00129.91N/AN/A00880522
2012-09-10$28.21$30.0038.3%8.5%14.6%39.6%0.0%7.1%3.8%37.0K-230.2K-4.0K0.0096.38N/AN/A00880522
2012-09-11$28.52$30.0043.7%8.6%15.1%48.8%0.0%8.6%5.7%39.2K-276.5K-4.1K0.0090.14N/AN/A00880522
2012-09-12$28.59$30.0036.7%8.0%14.9%36.9%23.6%8.7%5.7%45.9K-339.6K-4.1K1.6770.60N/AN/A35880522
2012-09-13$28.49$30.0016.5%4.7%14.9%2.5%16.5%5.9%16.1%47.4K-279.1K-3.7K1.3695.37N/AN/A2230877527
2012-09-14$28.60$30.0021.4%6.1%15.0%10.9%0.0%6.1%4.2%46.4K-330.6K-4.4K2.0967.83N/AN/A1123887547
2012-09-17$28.03$30.0022.0%6.3%16.4%11.8%23.5%4.6%4.6%37.5K-163.8K-4.0K0.0856.56N/AN/A19015887567
2012-09-18$27.59$30.0018.3%5.3%16.7%5.6%0.0%-1.7%18.1%23.3K-40.9K-3.9K2.0068.19N/AN/A1020960582
2012-09-19$27.48$30.0038.5%11.0%16.7%40.0%0.0%6.2%-15.6%14.6K42.3K-3.6K20.0061.11N/AN/A120970602
2012-09-20$27.24$30.0037.0%10.6%16.7%37.5%0.0%10.8%-11.3%4.5K138.8K-3.4K0.0071.12N/AN/A00970622
2012-09-21$26.81$30.0030.3%8.7%17.1%26.0%0.0%11.3%3.5%3.2K157.7K-3.4K0.0062.01N/AN/A00936622
2012-09-24$26.89$30.0057.4%16.5%16.9%72.3%0.0%23.2%-29.9%10.4K67.3K-4.2K0.00135.02N/AN/A010897612
2012-09-25$26.10$30.0024.7%7.1%19.3%16.5%0.0%-6.7%1.2%-16.2K185.7K-3.3K1.10103.13N/AN/A1011897622
2012-09-26$26.17$30.0035.4%10.2%19.4%34.8%33.4%2.6%-5.6%-16.2K249.4K-3.3K1.4682.55N/AN/A3551907633
2012-09-27$26.52$30.0030.2%8.7%20.4%25.8%16.5%-7.2%-8.8%-9.3K150.9K-3.4K20.0083.53N/AN/A120937644
2012-09-28$26.21$30.0034.0%9.8%20.6%32.4%0.0%-14.9%-18.0%-10.9K214.2K-3.2K0.00101.52N/AN/A010938644