PL Options History — March 2023

In March 2023, PL traded between $3.34 and $4.62. ATM implied volatility averaged 60.8%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 18.4% (HV 20d: 42.4%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.35.

Notable Days

  • 2023-03-29: Highest Volume — 2,196 contracts
  • 2023-03-23: Largest IV spike — 78.3% change
  • 2023-03-14: Highest IV Rank — 50.2%
  • 2023-03-29: Largest Expected Move — 23.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.94$3.34$4.62$4.49$3.88
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV60.8%37.7%102.6%43.5%41.8%
Expected Move17.5%12.0%23.9%12.5%12.0%
HV 20d42.4%30.6%63.3%33.1%63.3%
HV 60d41.4%38.5%45.7%41.9%45.7%
IV Rank17.4%0.0%50.2%0.0%3.2%
IV Percentile21.5%0.0%89.3%0.0%0.8%
Term Structure-1.7%-58.2%41.3%19.9%18.4%
VWIV65.0%43.5%107.5%43.5%73.8%
Skew 25d5.5%-18.3%48.2%-9.1%-13.6%
Skew 10d11.9%-30.6%71.6%-21.3%-30.6%
Call IV 25d63.8%50.4%117.0%75.2%117.0%
Put IV 25d69.4%43.1%117.4%66.1%103.4%
Bid-Ask Spread %15.255.4843.4510.525.48
Gamma HHI0.540.390.670.470.67
Net GEX-499-16.5K13.9K-75713.9K
Net DEX890.3K118.4K1.4M811.8K118.4K
Net VEX-6.9K-9.8K-4.4K-9.8K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.003.710.050.05
Total Volume722.304122,1961,142605
Total OI22,676.26121,62125,39722,64924,031

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$4.49$5.0043.5%12.5%33.1%0.0%43.5%-9.1%19.9%-757811.8K-9.8K0.0510.52N/AN/A1,0905215,2647,385
2023-03-02$4.49$5.0051.1%14.6%33.1%6.2%49.1%10.5%-2.0%-13.0K759.1K-9.7K0.069.19N/AN/A7074514,3177,390
2023-03-03$4.62$5.0055.4%15.9%33.9%9.7%54.7%13.8%-1.2%-16.5K674.2K-9.8K3.719.97N/AN/A13550114,8987,390
2023-03-06$4.59$5.0037.7%16.6%33.7%0.0%58.2%10.4%1.5%-13.2K860.1K-9.0K0.0410.77N/AN/A222814,9387,249
2023-03-07$4.53$5.0041.7%17.3%30.6%3.1%60.2%12.9%2.6%-11.8K846.7K-9.1K0.099.61N/AN/A34314,9887,241
2023-03-08$4.54$5.0044.5%17.5%30.6%5.3%60.9%48.2%1.0%-11.9K831.4K-9.0K0.0037.58N/AN/A12014,9857,243
2023-03-09$4.25$5.0058.7%18.7%38.1%16.3%65.4%3.9%-2.4%-6.8K1.3M-7.4K0.0943.45N/AN/A1,24410814,9857,243
2023-03-10$4.06$5.0067.7%16.8%38.4%23.2%58.4%3.0%3.7%-1.4K1.4M-6.8K0.506.18N/AN/A26513315,9377,349
2023-03-13$4.08$5.0091.9%20.5%38.4%42.0%72.0%45.2%-7.2%-1.2K905.2K-7.3K0.6239.11N/AN/A1398616,0116,430
2023-03-14$4.06$5.00102.6%20.6%38.2%50.2%71.1%12.2%-9.5%-872751.2K-7.1K0.4938.70N/AN/A1035016,1406,085
2023-03-15$3.98$5.0055.8%16.0%37.7%14.0%67.3%40.2%-1.5%-396887.1K-6.7K0.2341.15N/AN/A2165016,1296,038
2023-03-16$4.00$5.0061.4%17.6%32.7%18.3%66.2%-8.7%-5.6%-8964.5K-6.3K1.2710.56N/AN/A21727516,2586,088
2023-03-17$3.88$5.0059.0%16.9%33.4%16.5%72.9%-9.5%-7.2%-91.0M-6.5K0.096.08N/AN/A5735116,4386,312
2023-03-20$3.50$5.0082.3%23.6%47.0%34.5%58.4%-8.6%-58.2%1.5K1.2M-4.7K0.3513.80N/AN/A1,52653115,3706,251
2023-03-21$3.49$5.0055.7%16.0%46.7%14.0%58.5%1.1%36.0%5.5K1.2M-5.1K0.035.93N/AN/A1,6214816,4816,347
2023-03-22$3.34$5.0045.9%13.2%47.6%6.4%46.1%-13.1%41.3%5.5K1.2M-4.4K0.059.72N/AN/A5352916,2256,288
2023-03-23$3.50$5.0081.8%23.5%52.2%34.2%79.8%-18.3%-0.8%4.4K851.1K-5.6K0.129.69N/AN/A3454216,4485,920
2023-03-24$3.50$5.0057.9%16.6%52.3%15.6%63.5%2.2%-11.6%6.2K901.3K-5.2K0.056.95N/AN/A2161016,7345,910
2023-03-27$3.41$5.0057.0%16.4%52.2%15.0%77.6%4.9%-20.8%6.1K914.1K-5.0K0.067.76N/AN/A6914116,7595,914
2023-03-28$3.40$5.0059.3%17.0%52.1%16.7%65.4%-4.0%-22.5%6.6K928.8K-4.9K0.006.51N/AN/A262117,2915,955
2023-03-29$3.54$5.0083.4%23.9%55.4%35.4%107.5%-1.9%-50.8%6.4K586.2K-6.2K0.045.91N/AN/A2,1207617,5465,956
2023-03-30$3.58$5.0063.6%18.2%55.8%20.1%65.6%5.9%37.8%10.3K519.1K-5.6K0.096.02N/AN/A1,46213319,3246,073
2023-03-31$3.88$5.0041.8%12.0%63.3%3.2%73.8%-13.6%18.4%13.9K118.4K-7.0K0.055.48N/AN/A5743118,9655,066