PL Options History — May 2023

In May 2023, PL traded between $3.83 and $4.58. ATM implied volatility averaged 64.6%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 24.0% (HV 20d: 40.6%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.10.

Notable Days

  • 2023-05-10: Highest Volume — 942 contracts
  • 2023-05-08: Largest IV spike — 56.1% change
  • 2023-05-08: Highest IV Rank — 37.6%
  • 2023-05-30: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.14$3.83$4.58$3.98$4.58
Max Pain$4.20$2.50$5.00$2.50$5.00
ATM IV64.6%44.4%86.3%68.4%73.8%
Expected Move18.9%12.7%23.8%19.6%21.2%
HV 20d40.6%34.6%62.2%62.2%35.3%
HV 60d54.5%53.5%55.4%54.3%55.4%
IV Rank20.9%5.2%37.6%23.8%28.0%
IV Percentile31.3%2.8%74.2%31.3%48.0%
Term Structure-0.7%-24.3%31.6%31.6%-17.7%
VWIV70.1%62.2%83.2%71.2%74.5%
Bid-Ask Spread %31.486.8569.3318.6924.65
Gamma HHI0.800.690.900.690.90
Net GEX25.9K13.7K53.9K14.5K53.9K
Net DEX-621.9K-1.2M-326.9K-411.9K-1.2M
Net VEX-7.0K-8.1K-6.2K-6.7K-8.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.100.000.430.190.05
Total Volume259.8185942247522
Total OI14,984.68213,70916,21814,42315,093

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$3.98$2.5068.4%19.6%62.2%23.8%0.0%0.0%31.6%14.5K-411.9K-6.7K0.1918.69N/AN/A2074011,2483,175
2023-05-02$3.92$2.5050.1%14.4%57.3%9.6%0.0%0.0%22.7%14.7K-402.4K-6.5K0.0227.53N/AN/A63111,3273,155
2023-05-03$3.92$2.5044.4%12.7%56.9%5.2%0.0%0.0%22.1%14.7K-420.0K-6.5K0.2062.55N/AN/A982011,3323,155
2023-05-04$3.83$5.0058.2%20.3%57.3%15.9%71.2%0.0%-1.1%13.7K-326.9K-6.3K0.0361.94N/AN/A115411,3983,155
2023-05-05$3.92$5.0055.3%20.5%36.6%13.6%71.9%0.0%-1.6%14.8K-384.2K-6.4K0.0069.33N/AN/A19011,4223,156
2023-05-08$3.95$5.0086.3%19.8%36.8%37.6%69.7%0.0%0.8%15.2K-423.1K-6.4K0.076.97N/AN/A87611,4313,156
2023-05-09$3.92$5.0055.9%20.0%36.8%14.1%70.7%0.0%-1.3%14.9K-357.1K-6.2K0.0012.16N/AN/A18011,4863,160
2023-05-10$4.13$5.0058.2%16.7%41.5%15.9%62.2%0.0%7.4%17.2K-488.3K-6.5K0.2716.13N/AN/A74220011,4963,160
2023-05-11$4.04$5.0058.0%16.6%35.9%15.8%70.5%0.0%-2.1%18.7K-481.1K-6.9K0.0138.51N/AN/A531712,0133,260
2023-05-12$4.14$5.0067.4%19.3%36.4%23.0%68.4%0.0%-1.9%23.0K-591.8K-7.2K0.1037.80N/AN/A3003012,5443,253
2023-05-15$4.16$2.5067.6%19.4%34.9%23.1%68.8%0.0%-7.2%24.3K-566.5K-7.0K0.1947.42N/AN/A1532912,6283,248
2023-05-16$4.05$2.5063.2%18.1%35.7%19.8%69.1%0.0%-2.2%22.3K-488.9K-6.8K0.0655.49N/AN/A63412,6903,275
2023-05-17$4.16$2.5060.2%17.2%37.1%17.4%66.2%0.0%-3.6%24.6K-525.2K-6.9K0.0911.38N/AN/A33312,7163,277
2023-05-18$4.25$2.5062.0%17.8%37.3%18.9%62.7%0.0%0.7%26.5K-627.7K-7.2K0.1311.12N/AN/A2813612,7353,278
2023-05-19$4.20$5.0066.1%18.9%36.6%22.0%66.9%0.0%-3.3%27.4K-651.2K-7.1K0.057.68N/AN/A2471312,9463,272
2023-05-22$4.33$5.0053.6%15.4%37.7%12.3%64.3%0.0%-1.4%33.0K-791.6K-7.5K0.0266.99N/AN/A7311510,5083,201
2023-05-23$4.36$5.0073.4%21.0%37.4%27.7%73.6%0.0%-10.1%37.3K-905.9K-7.7K0.4316.13N/AN/A25811011,2043,209
2023-05-24$4.34$5.0069.1%19.8%35.9%24.3%0.0%0.0%-5.2%38.9K-932.7K-7.8K0.0032.71N/AN/A5011,4113,112
2023-05-25$4.25$5.0071.2%20.4%36.9%25.9%72.0%0.0%-6.3%35.3K-792.3K-7.4K0.036.85N/AN/A3121011,4463,118
2023-05-26$4.31$5.0076.2%21.8%35.6%29.8%76.0%0.0%-12.3%38.7K-885.6K-7.8K0.0942.70N/AN/A2262111,6953,120
2023-05-30$4.42$5.0083.0%23.8%34.6%35.1%83.2%0.0%-24.3%45.9K-993.0K-7.7K0.1517.75N/AN/A1362011,8743,125
2023-05-31$4.58$5.0073.8%21.2%35.3%28.0%74.5%0.0%-17.7%53.9K-1.2M-8.1K0.0524.65N/AN/A4992311,9703,123