PL Options History — December 2022

In December 2022, PL traded between $4.20 and $5.79. ATM implied volatility averaged 83.8%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded above realized volatility by 26.9% (HV 20d: 56.9%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.76.

Notable Days

  • 2022-12-16: Highest Volume — 4,566 contracts
  • 2022-12-14: Largest IV drop — 54.1% change
  • 2022-12-13: Highest IV Rank — 100.0%
  • 2022-12-02: Largest Expected Move — 26.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.97$4.20$5.79$5.71$4.34
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV83.8%51.3%166.9%88.3%51.3%
Expected Move19.2%14.7%26.5%25.3%14.7%
HV 20d56.9%51.2%60.5%51.9%52.0%
HV 60d61.2%54.3%73.7%72.4%54.3%
IV Rank28.4%0.0%100.0%42.5%0.0%
IV Percentile34.4%0.0%100.0%50.8%0.0%
Term Structure-0.8%-17.3%5.5%-13.2%-2.0%
VWIV68.9%57.5%93.9%87.2%61.4%
Skew 25d6.8%-7.7%33.6%28.0%5.9%
Skew 10d12.6%-23.2%62.5%57.5%11.2%
Call IV 25d67.0%51.1%83.5%58.4%64.5%
Put IV 25d73.8%60.3%91.7%86.4%70.4%
Bid-Ask Spread %10.555.4817.2611.787.92
Gamma HHI0.490.340.650.530.65
Net GEX11.8K-16.5K45.2K42.3K-16.5K
Net DEX-504.0K-2.4M1.4M-2.2M1.4M
Net VEX-8.5K-11.7K-5.3K-11.7K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.760.0619.030.161.38
Total Volume1,126.048764,5661822,525
Total OI25,121.85718,04333,07227,73822,317

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$5.71$5.0088.3%25.3%51.9%42.5%87.2%28.0%-13.2%42.3K-2.2M-11.7K0.1611.78N/AN/A1572522,1545,584
2022-12-02$5.79$5.0092.5%26.5%51.9%45.5%93.9%33.6%-17.3%45.2K-2.4M-11.6K0.6812.27N/AN/A14910122,2555,573
2022-12-05$5.33$5.0099.0%20.3%60.3%50.2%70.9%2.5%-2.0%31.0K-1.3M-10.0K5.3411.61N/AN/A12667322,3085,677
2022-12-06$5.22$5.00111.7%20.7%60.1%60.0%73.8%0.4%-0.9%27.7K-1.1M-10.0K1.0710.20N/AN/A10611322,3785,871
2022-12-07$5.30$5.00101.4%20.4%60.5%50.7%72.6%1.5%1.0%28.7K-1.3M-9.8K0.1510.32N/AN/A661022,4355,930
2022-12-08$5.36$5.00113.4%19.9%59.5%60.0%72.4%3.6%0.3%28.8K-1.3M-9.8K0.108.44N/AN/A4564422,4565,975
2022-12-09$5.26$5.00115.7%20.7%59.4%61.5%76.7%3.5%2.2%28.7K-1.3M-9.7K0.3112.75N/AN/A1665122,6736,017
2022-12-12$5.34$5.00147.6%21.6%58.8%87.7%75.5%-2.4%-2.6%30.1K-1.4M-9.4K0.1410.02N/AN/A4356322,8066,052
2022-12-13$5.28$5.00166.9%21.1%58.7%100.0%73.6%-4.9%-2.8%29.4K-1.3M-8.7K0.2010.79N/AN/A1,36628022,9946,083
2022-12-14$5.17$5.0076.6%22.0%57.5%13.3%77.4%-6.8%-6.6%32.8K-1.3M-9.0K2.3210.41N/AN/A1,0542,44123,9206,251
2022-12-15$4.96$5.0062.0%17.8%58.9%0.0%61.8%12.0%4.3%30.2K-232.4K-8.5K0.7410.14N/AN/A98973624,6348,071
2022-12-16$5.13$5.0065.7%18.8%51.2%3.5%65.7%19.4%-3.7%-943-2.0M-8.9K0.0812.81N/AN/A4,23633024,8948,178
2022-12-19$4.86$5.0057.5%16.5%54.7%0.0%57.5%8.4%5.3%-12.2K144.3K-7.6K0.9110.88N/AN/A55951013,0215,022
2022-12-20$4.79$5.0060.4%17.3%54.7%2.6%60.4%-7.7%1.5%-12.7K260.4K-7.9K1.188.06N/AN/A19923413,3265,366
2022-12-21$4.80$5.0059.2%17.0%54.0%1.5%59.2%15.3%4.8%-14.8K284.5K-7.7K1.8610.58N/AN/A11821913,4205,447
2022-12-22$4.51$5.0060.6%17.4%55.7%2.8%60.6%10.0%3.8%-12.1K701.8K-6.5K0.4217.26N/AN/A65327513,4715,291
2022-12-23$4.50$5.0061.5%17.6%55.7%3.6%61.5%10.2%-2.5%-12.4K743.1K-6.6K0.0616.97N/AN/A8325213,8465,554
2022-12-27$4.20$5.0052.7%15.1%59.5%0.0%61.7%-3.3%5.5%-9.4K1.0M-5.3K0.866.62N/AN/A56748514,0955,578
2022-12-28$4.28$5.0051.6%14.8%60.3%0.0%60.0%3.9%3.6%-7.8K1.0M-5.9K0.076.22N/AN/A4133014,4395,725
2022-12-29$4.34$5.0063.4%18.2%59.6%10.3%63.5%10.6%3.7%-7.9K999.6K-5.8K19.035.48N/AN/A901,71314,7175,755
2022-12-30$4.34$5.0051.3%14.7%52.0%0.0%61.4%5.9%-2.0%-16.5K1.4M-7.7K1.387.92N/AN/A1,0621,46314,7627,555