PL Options History — January 2023

In January 2023, PL traded between $4.47 and $5.08. ATM implied volatility averaged 57.8%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 12.2% (HV 20d: 45.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.40.

Notable Days

  • 2023-01-19: Highest Volume — 2,664 contracts
  • 2023-01-30: Largest IV spike — 18.1% change
  • 2023-01-03: Highest IV Rank — 23.6%
  • 2023-01-03: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.86$4.47$5.08$4.47$4.94
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV57.8%49.1%78.6%78.6%52.3%
Expected Move16.7%14.1%22.5%22.5%15.0%
HV 20d45.6%31.2%53.4%53.4%33.1%
HV 60d51.7%48.1%55.0%54.5%48.1%
IV Rank6.0%0.0%23.6%23.6%2.7%
IV Percentile3.7%0.0%25.4%25.4%1.6%
Term Structure4.9%-13.0%11.2%-13.0%7.1%
VWIV58.1%49.1%78.9%78.9%52.3%
Skew 25d9.8%-29.8%34.0%11.4%-3.4%
Skew 10d16.9%-21.0%55.2%16.0%-4.9%
Call IV 25d69.7%61.1%123.9%78.7%62.3%
Put IV 25d79.5%53.0%107.0%90.1%58.9%
Bid-Ask Spread %19.119.4746.3111.9120.77
Gamma HHI0.530.450.630.580.48
Net GEX-11.5K-24.1K-4.1K-12.6K-6.3K
Net DEX376.8K-233.9K1.5M1.4M-233.9K
Net VEX-10.9K-11.9K-8.5K-9.8K-11.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.0811.380.0811.38
Total Volume703.45592,664312879
Total OI23,205.2518,22227,61024,70119,044

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$4.47$5.0078.6%22.5%53.4%23.6%78.9%11.4%-13.0%-12.6K1.4M-9.8K0.0811.91N/AN/A2882415,8228,879
2023-01-04$4.53$5.0067.4%19.3%47.3%13.9%67.2%20.5%-4.3%-13.2K1.4M-9.8K1.1324.38N/AN/A10011315,8468,903
2023-01-05$4.79$5.0057.8%17.3%52.1%5.6%60.4%27.3%7.5%-12.5K906.5K-10.8K0.1015.92N/AN/A2932915,9338,813
2023-01-06$4.83$5.0056.1%17.7%51.9%4.2%61.6%27.4%5.4%-12.1K646.7K-10.9K0.2046.31N/AN/A2294515,9918,810
2023-01-09$4.89$5.0057.0%17.2%51.9%4.9%60.0%31.1%7.6%-11.8K527.0K-10.8K1.2711.23N/AN/A25532416,0288,815
2023-01-10$5.00$5.0064.4%16.7%52.5%11.3%58.2%30.9%10.1%-14.8K240.3K-11.1K0.7245.57N/AN/A73452916,1239,138
2023-01-11$5.00$5.0063.0%18.1%52.0%10.1%64.0%29.1%1.6%-15.9K213.7K-11.3K0.2613.29N/AN/A1534016,4939,252
2023-01-12$5.01$5.0057.9%16.6%52.0%5.7%57.9%28.7%7.8%-15.4K153.3K-11.1K0.9117.70N/AN/A30627916,5889,247
2023-01-13$5.08$5.0055.9%16.0%51.8%4.0%55.9%-29.8%6.6%-18.7K-137.3K-11.0K1.6315.26N/AN/A10316816,7409,512
2023-01-17$5.05$5.0057.5%16.5%49.6%5.4%57.5%-3.5%8.2%-18.8K-212.9K-10.2K2.9212.90N/AN/A8926016,6969,386
2023-01-18$4.97$5.0054.6%15.7%48.4%2.9%54.6%2.6%10.2%-24.1K285.8K-9.7K5.4612.53N/AN/A3812,07916,7439,522
2023-01-19$4.79$5.0055.2%15.8%46.3%3.3%55.1%-6.3%7.5%-10.9K1.5M-8.5K0.2213.05N/AN/A2,17848616,5868,897
2023-01-20$4.89$5.0059.1%16.9%46.5%6.7%59.1%-5.6%2.5%-8.9K1.3M-10.9K0.199.47N/AN/A1,95136818,4799,131
2023-01-23$4.88$5.0055.0%15.8%46.6%3.2%55.0%-8.1%3.3%-8.6K-57.0K-11.8K0.4214.59N/AN/A50921212,1356,087
2023-01-24$4.76$5.0054.5%15.6%41.4%2.8%54.6%34.0%11.2%-4.5K-4.6K-11.8K0.2119.37N/AN/A1403012,5896,218
2023-01-25$4.81$5.0050.0%14.3%41.5%0.0%50.0%-13.1%4.1%-6.3K347-11.7K0.1924.87N/AN/A1663212,6796,211
2023-01-26$4.84$5.0053.3%15.3%31.5%2.8%53.3%-8.6%3.3%-5.4K-134.0K-11.9K0.0917.01N/AN/A54512,6166,243
2023-01-27$4.86$5.0049.1%14.1%31.2%0.0%49.1%-0.5%8.0%-5.5K-159.0K-11.9K0.2421.08N/AN/A1042512,6726,242
2023-01-30$4.79$5.0058.0%16.6%31.9%7.5%58.0%32.1%2.4%-4.1K-63.5K-11.4K0.3314.97N/AN/A822712,7636,233
2023-01-31$4.94$5.0052.3%15.0%33.1%2.7%52.3%-3.4%7.1%-6.3K-233.9K-11.6K11.3820.77N/AN/A7180812,7866,258