PL Options History — April 2023

In April 2023, PL traded between $3.63 and $4.36. ATM implied volatility averaged 64.6%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 19.0%. IV traded below realized volatility by 7.2% (HV 20d: 71.8%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.26.

Notable Days

  • 2023-04-12: Highest Volume — 11,328 contracts
  • 2023-04-04: Largest IV spike — 97.1% change
  • 2023-04-04: Highest IV Rank — 80.9%
  • 2023-04-04: Largest Expected Move — 40.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.06$3.63$4.36$3.63$4.09
Max Pain$2.89$2.50$5.00$5.00$2.50
ATM IV64.6%37.6%142.2%72.2%41.1%
Expected Move19.0%10.8%40.8%20.7%11.8%
HV 20d71.8%66.5%80.5%66.5%67.2%
HV 60d52.5%45.9%54.3%45.9%54.3%
IV Rank20.8%0.0%80.9%26.7%2.7%
IV Percentile24.9%0.0%98.8%31.0%1.2%
Term Structure2.8%-40.9%35.7%7.0%32.0%
VWIV69.3%51.2%108.3%73.3%52.6%
Skew 25d-2.4%-41.6%50.9%-41.6%-37.0%
Skew 10d-13.5%-64.0%73.8%-64.0%-56.5%
Call IV 25d136.2%59.7%193.9%130.1%193.9%
Put IV 25d133.9%88.5%181.3%88.5%157.0%
Bid-Ask Spread %34.565.7172.265.7118.80
Gamma HHI0.740.660.810.750.75
Net GEX21.4K10.8K33.6K10.8K22.3K
Net DEX-230.3K-569.8K387.1K387.1K-546.3K
Net VEX-7.2K-8.6K-5.6K-5.6K-7.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.001.580.060.40
Total Volume989.3166511,32825670
Total OI23,363.21113,73429,43824,13614,364

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$3.63$5.0072.2%20.7%66.5%26.7%73.3%-41.6%7.0%10.8K387.1K-5.6K0.065.71N/AN/A2411519,0505,086
2023-04-04$3.71$5.00142.2%40.8%67.6%80.9%71.5%42.9%-40.9%11.7K333.1K-5.9K0.0538.97N/AN/A2871519,1425,099
2023-04-05$3.66$5.0098.1%28.1%67.4%46.8%108.3%-7.6%-26.5%11.4K345.8K-5.8K0.086.84N/AN/A2592119,2035,094
2023-04-06$4.14$2.5046.5%16.0%79.3%6.8%56.6%50.9%7.5%16.7K33.5K-7.3K0.2156.34N/AN/A66113619,1535,094
2023-04-10$4.14$2.5054.1%19.7%77.5%12.8%69.2%-27.1%-6.3%16.9K-7.2K-7.1K0.0554.18N/AN/A2241119,1315,014
2023-04-11$4.12$2.5055.1%18.4%77.5%13.5%64.7%-20.3%1.6%17.2K-47.0K-7.2K0.4165.07N/AN/A43117619,2235,014
2023-04-12$4.09$2.5073.6%21.1%77.6%27.8%74.0%-31.0%-3.2%16.9K-37.7K-7.2K0.0052.97N/AN/A11,2973119,4675,027
2023-04-13$4.34$2.5070.8%20.3%79.9%25.6%70.9%49.4%-7.1%32.3K-566.1K-8.6K0.0112.41N/AN/A1,063623,5465,041
2023-04-14$4.24$2.5070.0%20.1%80.5%25.0%70.3%-37.0%-6.3%29.8K-367.3K-8.2K0.0316.41N/AN/A180623,7215,044
2023-04-17$4.36$2.5069.0%19.8%79.9%24.3%69.4%0.0%-5.5%33.6K-559.1K-8.4K0.0659.94N/AN/A1,2207223,7535,046
2023-04-18$4.30$2.5061.7%17.7%69.4%18.6%62.0%0.0%-0.8%33.4K-492.8K-8.3K0.1518.46N/AN/A4656823,8285,096
2023-04-19$4.25$2.5072.1%20.7%69.7%26.6%72.4%0.0%-9.3%32.0K-458.8K-8.4K0.4622.87N/AN/A793624,2075,138
2023-04-20$4.17$2.5071.5%20.5%67.7%26.1%72.5%0.0%-2.9%29.5K-263.5K-7.7K0.2066.21N/AN/A541124,2505,165
2023-04-21$4.08$2.5059.2%17.0%67.3%16.7%51.2%0.0%-8.2%27.6K-230.7K-7.5K0.0672.26N/AN/A2491524,2635,175
2023-04-24$4.04$2.5039.3%11.3%67.5%1.3%0.0%0.0%32.3%21.6K-569.8K-6.9K0.368.41N/AN/A39014210,8232,911
2023-04-25$4.00$2.5037.6%10.8%66.7%0.0%0.0%0.0%35.7%14.9K-527.6K-6.7K1.588.52N/AN/A17828211,1192,886
2023-04-26$3.90$2.5046.7%13.4%67.6%7.0%52.6%0.0%27.4%13.8K-396.5K-6.6K0.1357.35N/AN/A2733611,2243,168
2023-04-27$3.96$2.5046.5%13.3%66.6%6.8%0.0%0.0%26.6%14.3K-403.8K-6.6K0.7014.88N/AN/A574011,1913,145
2023-04-28$4.09$2.5041.1%11.8%67.2%2.7%0.0%0.0%32.0%22.3K-546.3K-7.3K0.4018.80N/AN/A502011,1893,175