PL Options History — March 2022

In March 2022, PL traded between $4.53 and $5.65. ATM implied volatility averaged 104.6%, placing in the 64.3% IV rank vs the trailing year. The 30-day expected move averaged 29.8%. IV traded above realized volatility by 21.4% (HV 20d: 83.2%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.83.

Notable Days

  • 2022-03-31: Highest Volume — 6,874 contracts
  • 2022-03-07: Largest IV spike — 19.2% change
  • 2022-03-07: Highest IV Rank — 78.2%
  • 2022-03-07: Largest Expected Move — 36.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.13$4.53$5.65$5.65$5.13
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV104.6%91.2%127.0%119.8%109.5%
Expected Move29.8%26.7%36.4%34.4%28.3%
HV 20d83.2%74.3%90.0%77.7%76.9%
HV 60d229.9%92.4%480.3%479.4%94.2%
IV Rank64.3%56.0%78.2%73.7%67.3%
IV Percentile80.3%72.2%97.6%92.9%85.3%
Term Structure-3.9%-11.1%5.7%-8.9%-11.1%
VWIV106.2%93.4%127.1%117.7%100.0%
Skew 25d-9.2%-24.3%14.8%14.8%-17.7%
Skew 10d-8.2%-38.7%54.7%30.5%-20.5%
Call IV 25d113.3%100.5%148.7%105.5%131.6%
Put IV 25d104.1%92.8%129.7%120.2%113.9%
Bid-Ask Spread %22.249.4642.8912.1216.81
Gamma HHI0.280.210.350.350.27
Net GEX14.9K4.1K44.1K44.1K15.5K
Net DEX-597.3K-2.5M1.7M-2.5M-712.3K
Net VEX-24.6K-32.6K-21.3K-32.6K-23.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.282.041.390.38
Total Volume2,316.131,0636,8742,8666,874
Total OI42,017.91336,25146,27643,90940,175

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$5.65$5.00119.8%34.4%77.7%73.7%117.7%14.8%-8.9%44.1K-2.5M-32.6K1.3912.12N/AN/A1,2011,66529,11514,794
2022-03-02$5.60$5.00109.5%31.4%74.3%67.3%115.9%-1.7%-4.7%22.9K-2.5M-28.5K0.6814.13N/AN/A1,34591728,66814,823
2022-03-03$4.85$5.00106.4%30.5%78.3%65.4%109.5%14.4%-2.0%10.5K16.2K-25.9K2.0414.32N/AN/A8691,77227,92514,839
2022-03-04$4.75$5.00106.5%30.5%78.4%65.5%108.4%-17.2%-6.8%7.4K290.2K-25.2K1.0615.60N/AN/A68873128,16315,057
2022-03-07$4.53$5.00127.0%36.4%76.0%78.2%127.1%-20.4%-4.3%4.5K819.2K-23.0K0.7815.51N/AN/A96475128,41315,111
2022-03-08$4.71$5.00106.8%34.6%76.9%65.6%121.2%-14.1%-8.1%7.1K494.7K-24.0K0.6917.88N/AN/A1,4811,02128,58915,129
2022-03-09$5.05$5.00103.9%31.9%81.8%63.9%111.4%-6.0%-6.0%13.4K-91.1K-25.3K0.8719.47N/AN/A1,04190128,68714,998
2022-03-10$4.97$5.00108.1%34.1%81.7%66.5%119.2%-10.1%-4.6%14.9K-229.5K-25.4K0.5316.10N/AN/A84644728,76614,992
2022-03-11$4.76$5.00107.2%29.4%82.2%65.9%102.6%-13.3%-5.3%9.7K359.0K-23.7K0.2824.12N/AN/A3,40395128,82214,990
2022-03-14$4.55$5.00106.4%29.4%81.3%65.4%104.6%-17.9%-4.0%7.6K1.7M-21.3K1.1535.15N/AN/A1,4651,68531,49814,778
2022-03-15$4.89$5.00108.4%29.3%86.2%66.7%104.6%-11.3%-5.3%17.7K188.2K-23.8K0.7835.63N/AN/A59746631,27314,649
2022-03-16$5.09$5.00103.8%28.3%87.6%63.8%99.2%-12.0%-3.9%24.0K-471.5K-24.9K0.3441.37N/AN/A1,48050931,30014,657
2022-03-17$5.33$0.00102.8%29.1%89.3%63.2%103.0%-9.3%-2.0%28.5K-1.5M-25.6K0.5242.89N/AN/A99552131,36514,594
2022-03-18$5.42$5.0097.9%29.1%84.9%60.1%107.8%-2.4%5.7%18.1K-2.5M-25.2K0.5141.37N/AN/A1,38170431,57914,593
2022-03-21$5.04$5.0097.5%28.0%88.2%59.9%101.0%-13.1%0.0%4.1K131.0K-21.9K1.1714.06N/AN/A8821,03024,30611,945
2022-03-22$5.33$5.0093.0%28.0%90.0%57.2%101.7%-5.7%4.7%5.8K-394.7K-23.8K0.6836.06N/AN/A1,14777724,66512,446
2022-03-23$5.34$5.0095.0%27.2%88.3%58.4%101.1%-5.7%-0.1%12.3K-865.4K-24.3K0.5226.72N/AN/A2,1141,09725,36512,106
2022-03-24$5.37$5.0096.9%27.3%86.8%59.5%105.7%-6.1%-1.3%13.1K-879.8K-24.1K1.5225.51N/AN/A44367525,67812,212
2022-03-25$5.15$5.0091.2%26.7%87.6%56.0%93.4%-13.5%1.5%7.9K-515.9K-23.6K0.9112.71N/AN/A77070025,87412,333
2022-03-28$5.28$5.00101.6%27.3%84.5%62.4%95.3%-11.4%-6.3%9.6K-578.3K-22.6K1.3210.94N/AN/A8721,15126,08012,459
2022-03-29$5.63$5.00104.8%27.3%87.8%64.4%95.2%-24.3%-9.0%19.8K-2.2M-21.8K0.459.46N/AN/A1,50467226,41412,396
2022-03-30$5.59$5.00101.7%26.9%87.8%62.5%96.3%-8.4%-7.8%25.5K-1.8M-25.7K0.5413.58N/AN/A1,14961727,45612,335
2022-03-31$5.13$5.00109.5%28.3%76.9%67.3%100.0%-17.7%-11.1%15.5K-712.3K-23.8K0.3816.81N/AN/A4,9951,87927,85212,323