PL Options History — February 2014

In February 2014, PL traded between $46.34 and $52.14. ATM implied volatility averaged 24.3%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 8.1% (HV 20d: 32.4%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.55.

Notable Days

  • 2014-02-20: Highest Volume — 94 contracts
  • 2014-02-12: Largest IV drop — 27.8% change
  • 2014-02-05: Highest IV Rank — 45.1%
  • 2014-02-05: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.12$46.34$52.14$46.34$52.14
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV24.3%19.4%33.9%33.0%19.9%
Expected Move6.8%5.6%9.7%9.5%5.7%
HV 20d32.4%28.6%35.5%31.2%28.6%
HV 60d23.1%22.0%23.9%23.6%23.3%
IV Rank26.5%17.1%45.1%43.3%18.1%
IV Percentile67.6%38.9%94.8%94.0%41.7%
Term Structure0.2%-7.8%6.0%-7.8%5.6%
VWIV25.5%21.1%34.3%34.3%23.3%
Skew 25d4.2%-2.9%9.6%-2.0%5.6%
Skew 10d7.7%-6.9%36.1%-6.9%1.9%
Call IV 25d21.7%13.0%35.1%35.1%18.0%
Put IV 25d25.9%19.3%36.6%33.1%23.6%
Bid-Ask Spread %102.8791.09111.07108.31100.01
Gamma HHI0.360.280.430.320.40
Net GEX59.7K16.1K103.0K16.8K96.8K
Net DEX-979.2K-2.1M436.0K436.0K-1.6M
Net VEX-8.5K-9.4K-7.7K-7.9K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.002.330.330.68
Total Volume36.4740944026
Total OI1,585.8951,4861,7481,5191,540

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$46.34$50.0033.0%9.5%31.2%43.3%0.0%-2.0%-7.8%16.8K436.0K-7.9K0.33108.31N/AN/A3010800719
2014-02-04$47.29$50.0028.5%8.2%31.9%34.6%34.3%3.3%4.5%17.2K324.5K-7.7K0.00103.78N/AN/A015770724
2014-02-05$47.34$50.0033.9%9.7%31.7%45.1%31.3%1.5%5.7%16.1K136.3K-9.4K0.08111.07N/AN/A242770739
2014-02-06$47.93$50.0025.7%7.4%31.7%29.2%25.7%6.5%-2.9%23.9K33.8K-8.1K0.03100.47N/AN/A672793740
2014-02-07$48.45$50.0023.7%7.3%31.8%25.4%0.0%5.6%-2.2%32.8K-159.2K-8.6K0.0092.92N/AN/A04823741
2014-02-10$48.16$50.0028.3%6.9%31.7%34.3%23.7%6.1%-0.9%30.5K-223.1K-8.8K1.09101.52N/AN/A2224823745
2014-02-11$48.68$50.0028.4%6.6%32.1%34.5%23.1%6.0%-0.4%37.4K-288.6K-8.7K0.4299.94N/AN/A125843768
2014-02-12$50.61$50.0020.5%6.1%34.6%19.3%21.1%4.2%0.2%62.7K-1.2M-8.5K0.65107.08N/AN/A4026848769
2014-02-13$50.95$50.0021.5%6.2%34.7%21.2%0.0%6.8%0.2%56.0K-1.4M-8.9K2.33101.89N/AN/A1228873794
2014-02-14$51.20$50.0020.3%5.8%34.7%18.9%0.0%1.4%0.2%65.8K-1.6M-8.6K0.00104.94N/AN/A300876821
2014-02-18$51.91$50.0021.6%6.2%35.1%21.4%21.6%7.0%-0.2%88.4K-2.1M-8.7K0.74104.92N/AN/A2317905821
2014-02-19$51.23$50.0026.7%7.7%35.4%31.2%0.0%3.6%-5.0%69.7K-1.9M-8.9K0.00110.50N/AN/A520915833
2014-02-20$51.60$50.0021.1%6.0%35.5%20.4%0.0%6.6%-0.0%74.0K-1.9M-8.4K0.12101.97N/AN/A8410901832
2014-02-21$51.34$50.0021.2%6.1%34.7%20.5%0.0%6.4%0.3%60.5K-1.4M-8.6K0.65102.62N/AN/A2617810836
2014-02-24$51.49$50.0023.3%6.7%30.5%24.6%0.0%-2.8%0.1%93.5K-1.4M-8.7K0.00108.62N/AN/A00781705
2014-02-25$51.42$50.0022.9%6.6%29.9%23.9%0.0%-2.9%-0.2%92.7K-1.3M-8.5K0.00102.55N/AN/A00781705
2014-02-26$52.08$50.0021.2%6.1%29.9%20.5%0.0%7.3%0.3%96.7K-1.5M-8.7K0.68100.31N/AN/A2819781705
2014-02-27$52.10$50.0019.4%5.6%29.2%17.1%0.0%9.6%6.0%103.0K-1.5M-8.3K0.0091.09N/AN/A038783719
2014-02-28$52.14$50.0019.9%5.7%28.6%18.1%23.3%5.6%5.6%96.8K-1.6M-8.5K0.00100.01N/AN/A026783757