PL Options History — May 2022

In May 2022, PL traded between $3.90 and $6.56. ATM implied volatility averaged 94.9%, placing in the 58.3% IV rank vs the trailing year. The 30-day expected move averaged 26.6%. IV traded above realized volatility by 9.8% (HV 20d: 85.1%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.58.

Notable Days

  • 2022-05-25: Highest Volume — 17,745 contracts
  • 2022-05-25: Largest IV spike — 18.5% change
  • 2022-05-31: Highest IV Rank — 67.9%
  • 2022-05-31: Largest Expected Move — 31.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.94$3.90$6.56$4.93$5.99
Max Pain$5.24$5.00$7.50$5.00$5.00
ATM IV94.9%86.2%110.4%87.9%110.4%
Expected Move26.6%24.7%31.6%25.2%31.6%
HV 20d85.1%69.2%105.6%71.5%105.6%
HV 60d82.3%76.1%88.1%76.8%86.6%
IV Rank58.3%52.9%67.9%54.0%67.9%
IV Percentile71.3%64.3%85.7%68.7%85.7%
Term Structure-3.6%-15.3%3.0%3.0%-14.3%
VWIV93.2%85.5%115.5%87.8%114.5%
Skew 25d6.6%-14.5%25.4%-14.5%-6.3%
Skew 10d5.6%-30.3%41.4%-30.3%-18.2%
Call IV 25d90.7%84.6%98.8%90.4%95.9%
Put IV 25d97.3%75.9%113.5%75.9%89.7%
Bid-Ask Spread %17.568.2553.6511.2414.25
Gamma HHI0.310.250.390.290.38
Net GEX26.5K5.2K108.5K12.6K93.8K
Net DEX-1.6M-7.5M780.2K-982.7K-5.8M
Net VEX-19.0K-32.5K-12.4K-20.6K-30.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.076.002.560.44
Total Volume2,814.95298617,7451,5543,713
Total OI34,328.09528,15841,65434,13541,654

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$4.93$5.0087.9%25.2%71.5%54.0%87.8%-14.5%3.0%12.6K-982.7K-20.6K2.5611.24N/AN/A4361,11825,2748,861
2022-05-03$4.77$5.0087.1%25.0%69.2%53.5%87.1%7.1%0.2%10.3K-796.9K-19.0K1.378.90N/AN/A61484025,4138,487
2022-05-04$5.07$5.0089.1%25.5%73.7%54.7%89.0%12.7%-2.8%13.0K-1.2M-20.3K6.008.90N/AN/A2341,40425,4718,737
2022-05-05$4.75$7.5098.3%25.0%75.7%60.4%86.3%9.7%-0.1%10.8K-678.7K-18.8K2.7726.92N/AN/A31386625,4898,732
2022-05-06$4.63$7.5094.6%25.1%75.7%58.1%86.1%8.8%-0.7%9.4K-433.4K-17.7K2.6627.23N/AN/A30982225,6948,564
2022-05-09$4.18$5.00105.1%26.6%82.5%64.6%93.2%13.0%-3.5%8.1K594.0K-14.2K2.0853.65N/AN/A47799425,7968,713
2022-05-10$3.94$5.00106.2%25.6%83.6%65.3%89.2%0.2%-3.7%5.9K780.2K-12.4K1.5319.14N/AN/A8381,27825,8578,582
2022-05-11$3.90$5.0099.3%28.5%83.4%61.0%99.2%-1.3%-11.5%5.2K740.9K-12.7K2.3424.55N/AN/A38189125,8788,629
2022-05-12$4.18$5.0086.2%24.7%78.8%52.9%85.5%4.3%1.8%6.6K525.1K-14.0K1.7822.65N/AN/A37165926,0158,561
2022-05-13$4.64$5.0089.5%25.7%88.6%55.0%89.5%9.0%-3.2%11.8K-444.7K-16.8K0.5315.94N/AN/A1,13160426,0138,450
2022-05-16$4.57$5.0090.4%25.9%85.2%55.5%89.0%-7.3%-3.9%14.2K-412.9K-16.3K1.6210.08N/AN/A37661026,2398,393
2022-05-17$4.87$5.0086.8%24.9%84.9%53.3%87.3%19.7%-1.4%21.2K-948.7K-17.1K0.7518.54N/AN/A86765326,3568,398
2022-05-18$4.75$5.0088.0%25.2%85.0%54.0%88.0%14.1%1.2%25.9K-758.4K-16.8K2.9116.34N/AN/A29285026,6248,393
2022-05-19$5.11$5.0087.9%25.2%87.8%54.0%87.8%-2.2%0.8%25.1K-2.5M-18.2K0.8011.64N/AN/A1,07386226,5998,295
2022-05-20$5.01$5.0092.9%26.6%87.9%57.1%92.6%18.4%-6.1%16.5K-2.2M-17.2K0.669.08N/AN/A95163026,6368,084
2022-05-23$5.14$5.0089.6%25.7%88.0%55.1%89.4%25.4%-1.5%20.3K-1.6M-17.5K0.648.25N/AN/A78050121,3206,838
2022-05-24$5.03$5.0090.3%25.9%85.8%55.4%90.2%23.6%-2.5%20.5K-1.4M-17.4K1.3414.35N/AN/A49265721,7456,802
2022-05-25$5.72$5.00107.0%30.7%97.3%65.8%115.5%5.1%-8.8%35.2K-3.0M-20.9K0.0715.72N/AN/A16,5421,20322,0136,973
2022-05-26$6.02$5.0099.0%28.4%98.0%60.9%102.7%0.2%-4.0%81.7K-5.4M-28.0K0.1914.82N/AN/A4,71389329,9757,364
2022-05-27$6.56$5.00107.3%30.8%99.7%66.0%107.8%-1.0%-15.3%108.5K-7.5M-32.5K0.1316.66N/AN/A6,94293431,5407,433
2022-05-31$5.99$5.00110.4%31.6%105.6%67.9%114.5%-6.3%-14.3%93.8K-5.8M-30.9K0.4414.25N/AN/A2,5711,14234,1297,525