PL Options History — April 2022

In April 2022, PL traded between $5.04 and $5.84. ATM implied volatility averaged 84.9%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 25.3%. IV traded above realized volatility by 4.9% (HV 20d: 80.0%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2022-04-01: Highest Volume — 6,440 contracts
  • 2022-04-13: Largest IV drop — 12.6% change
  • 2022-04-12: Highest IV Rank — 59.6%
  • 2022-04-07: Largest Expected Move — 27.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.40$5.04$5.84$5.57$5.05
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV84.9%74.8%97.0%85.3%85.7%
Expected Move25.3%23.9%27.1%26.2%24.6%
HV 20d80.0%73.2%84.1%81.3%77.7%
HV 60d86.8%76.6%95.5%95.0%76.6%
IV Rank52.2%45.9%59.6%52.4%52.6%
IV Percentile68.9%66.3%72.2%70.2%67.1%
Term Structure0.3%-3.0%5.4%5.4%-1.0%
VWIV90.2%85.0%97.9%91.7%85.8%
Skew 25d0.6%-16.4%33.3%18.4%-16.4%
Skew 10d0.4%-28.8%55.8%54.0%-27.3%
Call IV 25d91.0%60.1%214.6%65.1%92.0%
Put IV 25d91.6%75.6%201.7%83.5%75.6%
Bid-Ask Spread %19.017.6447.6812.8116.41
Gamma HHI0.320.290.440.310.30
Net GEX23.9K-21.8K43.1K28.2K16.6K
Net DEX-2.2M-3.9M-382.1K-2.2M-1.3M
Net VEX-25.2K-28.5K-21.7K-26.4K-21.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.091.550.281.38
Total Volume2,065.954046,4406,4401,103
Total OI40,587.6531,67649,25145,17134,106

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$5.57$5.0085.3%26.2%81.3%52.4%91.7%18.4%5.4%28.2K-2.2M-26.4K0.2812.81N/AN/A5,0241,41631,69413,477
2022-04-04$5.84$5.0084.1%25.4%79.7%51.6%90.8%30.4%3.0%40.1K-3.2M-28.5K0.4036.43N/AN/A1,46758833,14213,726
2022-04-05$5.78$5.0077.6%26.5%79.5%47.6%94.0%33.3%-1.1%39.7K-2.9M-28.3K0.859.75N/AN/A59050033,58213,744
2022-04-06$5.55$5.0080.0%26.8%78.1%49.1%97.9%14.6%0.9%21.0K-2.4M-27.5K0.6512.41N/AN/A1,12273133,60913,777
2022-04-07$5.42$5.0074.8%27.1%78.5%45.9%96.7%-12.9%-1.3%27.9K-2.6M-24.2K0.4113.80N/AN/A1,56664233,73913,907
2022-04-08$5.26$5.0078.0%26.0%77.5%47.9%95.0%1.3%0.9%-364-1.3M-25.4K0.9714.26N/AN/A76073534,31314,079
2022-04-11$5.04$5.0087.1%25.8%77.3%53.5%92.2%2.6%-1.1%-17.1K-382.1K-23.1K0.2223.84N/AN/A3,56077034,47114,111
2022-04-12$5.05$5.0097.0%25.0%73.2%59.6%89.2%3.8%1.9%-21.8K-943.9K-24.5K0.2340.64N/AN/A2,95868335,24813,975
2022-04-13$5.57$5.0084.8%24.3%79.8%52.0%86.2%1.3%3.4%32.5K-3.6M-26.1K0.6144.16N/AN/A1,22675335,20913,542
2022-04-14$5.70$5.0086.0%24.7%78.6%52.8%86.5%-7.5%2.4%36.1K-3.9M-26.9K0.5147.68N/AN/A1,9891,02435,59113,660
2022-04-18$5.28$5.0091.1%26.1%83.4%56.0%90.6%4.7%-2.1%27.4K-1.8M-24.5K1.057.64N/AN/A72175522,8198,857
2022-04-19$5.64$5.0083.4%23.9%82.1%51.2%87.1%5.6%0.1%37.3K-2.7M-26.3K0.2815.19N/AN/A2,14859723,0688,701
2022-04-20$5.67$5.0086.4%24.8%79.9%53.0%88.7%-5.3%0.3%43.1K-3.0M-27.2K1.4914.65N/AN/A37555924,6478,659
2022-04-21$5.36$5.0084.3%24.2%82.7%51.8%86.9%-9.9%-1.6%31.7K-2.1M-24.7K1.559.18N/AN/A42966324,7468,680
2022-04-22$5.29$5.0085.5%24.5%82.8%52.5%94.0%-10.4%-3.0%29.0K-1.9M-24.1K0.7412.02N/AN/A81059824,7608,741
2022-04-25$5.42$5.0088.9%25.5%81.8%54.6%91.8%-8.6%-2.4%36.6K-2.5M-25.9K1.1213.63N/AN/A55762325,0438,782
2022-04-26$5.11$5.0084.2%24.1%84.1%51.7%85.0%-12.0%2.5%22.2K-1.6M-22.6K0.709.86N/AN/A95967225,0908,760
2022-04-27$5.11$5.0088.7%25.4%80.4%54.5%88.7%-12.2%-3.0%20.9K-1.5M-22.8K0.0912.20N/AN/A3703424,9898,781
2022-04-28$5.30$5.0086.0%24.7%81.8%52.8%86.0%-9.1%2.5%27.7K-2.0M-24.0K1.2713.69N/AN/A54869425,1798,749
2022-04-29$5.05$5.0085.7%24.6%77.7%52.6%85.8%-16.4%-1.0%16.6K-1.3M-21.7K1.3816.41N/AN/A46364025,2448,862