PL Options History — February 2023

In February 2023, PL traded between $4.51 and $5.03. ATM implied volatility averaged 60.7%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded above realized volatility by 27.6% (HV 20d: 33.1%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.74.

Notable Days

  • 2023-02-15: Highest Volume — 2,288 contracts
  • 2023-02-06: Largest IV spike — 14.0% change
  • 2023-02-28: Highest IV Rank — 20.7%
  • 2023-02-28: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.72$4.51$5.03$4.92$4.62
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV60.7%48.0%72.7%50.8%72.7%
Expected Move17.4%13.3%20.8%14.6%20.8%
HV 20d33.1%27.2%37.3%32.1%34.1%
HV 60d46.5%44.1%48.7%48.0%44.1%
IV Rank10.6%0.0%20.7%1.4%20.7%
IV Percentile11.4%0.0%25.0%0.8%25.0%
Term Structure-1.2%-11.3%8.9%8.9%-11.3%
VWIV61.4%50.8%72.6%50.8%72.6%
Skew 25d-5.9%-9.4%4.2%-3.4%-8.0%
Skew 10d-10.8%-17.6%1.0%-4.9%-16.3%
Call IV 25d69.7%61.8%74.1%62.7%74.1%
Put IV 25d63.8%59.3%75.7%59.3%66.1%
Bid-Ask Spread %21.5512.9151.4617.2718.43
Gamma HHI0.470.410.600.450.48
Net GEX1.5K-6.5K18.9K-3.4K-1.3K
Net DEX156.9K-640.7K632.6K-233.3K286.7K
Net VEX-11.1K-12.1K-9.7K-11.9K-10.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.014.374.370.09
Total Volume673.579712,28814571
Total OI21,053.84219,08823,20019,08822,617

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$4.92$5.0050.8%14.6%32.1%1.4%50.8%-3.4%8.9%-3.4K-233.3K-11.9K4.3717.27N/AN/A2711812,8296,259
2023-02-02$5.03$5.0052.4%13.3%32.6%2.8%57.8%-7.4%1.5%-802-505.6K-12.0K0.0251.46N/AN/A1,3742812,8416,376
2023-02-03$4.96$5.0048.0%16.5%27.2%0.0%57.5%-2.3%0.2%18.9K-640.7K-12.1K0.8116.56N/AN/A13611013,9236,397
2023-02-06$4.75$5.0054.7%16.5%31.4%5.6%57.5%-2.6%1.9%17.2K-179.6K-11.1K0.4820.77N/AN/A1306313,9596,302
2023-02-07$4.72$5.0061.1%16.5%31.1%11.0%57.7%-7.5%2.1%12.7K-40.5K-10.8K0.0415.50N/AN/A1,6326914,0026,376
2023-02-08$4.71$5.0056.0%16.1%29.7%6.7%56.0%-7.6%4.2%12.5K-26.3K-10.8K0.4020.95N/AN/A26810613,3606,433
2023-02-09$4.51$5.0060.4%17.3%33.0%10.4%60.4%-9.4%1.0%-2.6K540.6K-9.7K0.3216.37N/AN/A1,31142213,4276,527
2023-02-10$4.54$5.0061.7%17.7%33.1%11.5%61.7%-5.6%1.6%-3.5K586.4K-10.1K1.3816.55N/AN/A10915013,0456,903
2023-02-13$4.56$5.0064.6%18.5%32.6%13.9%64.5%-4.9%-3.3%-2.2K550.2K-10.0K0.7816.05N/AN/A78061113,0676,935
2023-02-14$4.63$5.0057.4%16.5%33.4%7.9%57.4%-9.3%4.7%-6.1K632.6K-10.7K0.0331.16N/AN/A4021413,7277,446
2023-02-15$4.84$5.0057.1%16.4%37.3%7.6%57.1%-8.4%3.2%8.4K259.5K-11.2K0.2514.83N/AN/A1,83145714,0837,455
2023-02-16$4.75$5.0064.0%18.4%35.5%13.5%64.0%-1.1%-4.7%-562237.4K-11.7K0.2244.41N/AN/A1282815,4807,602
2023-02-17$4.70$5.0069.3%19.9%34.7%17.9%69.4%-7.2%-9.6%-1.3K349.4K-11.5K4.1113.09N/AN/A19279015,5687,632
2023-02-21$4.72$5.0066.3%19.0%34.8%15.4%66.2%-8.0%-4.7%-4.2K145.4K-11.5K0.1218.00N/AN/A4675714,2887,284
2023-02-22$4.69$5.0064.3%18.4%33.8%13.7%64.3%4.2%-7.6%-6.5K252.1K-11.4K0.1212.91N/AN/A2042514,4487,340
2023-02-23$4.72$5.0061.4%17.6%33.6%11.3%61.5%-7.6%-0.7%-2.9K90.5K-11.6K0.0113.81N/AN/A217214,5667,326
2023-02-24$4.61$5.0062.5%17.9%34.4%12.2%62.6%-8.3%-1.3%-2.7K362.5K-10.9K0.4431.17N/AN/A1175214,7087,329
2023-02-27$4.62$5.0068.1%19.5%34.4%16.9%68.2%-7.8%-7.9%-3.7K313.7K-10.9K0.0220.18N/AN/A294614,7827,381
2023-02-28$4.62$5.0072.7%20.8%34.1%20.7%72.6%-8.0%-11.3%-1.3K286.7K-10.7K0.0918.43N/AN/A65615,2367,381