PL Options History — June 2023

In June 2023, PL traded between $3.02 and $4.92. ATM implied volatility averaged 77.6%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 31.7% (HV 20d: 109.3%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.16.

Notable Days

  • 2023-06-09: Highest Volume — 4,709 contracts
  • 2023-06-14: Largest IV drop — 66.8% change
  • 2023-06-13: Highest IV Rank — 99.1%
  • 2023-06-02: Largest Expected Move — 23.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.68$3.02$4.92$4.58$3.25
Max Pain$4.17$2.50$5.00$5.00$2.50
ATM IV77.6%44.6%165.8%74.5%57.6%
Expected Move16.3%12.8%23.6%21.4%16.5%
HV 20d109.3%31.0%140.3%35.3%140.1%
HV 60d81.0%53.3%94.2%55.3%89.8%
IV Rank30.9%5.4%99.1%28.5%15.4%
IV Percentile44.5%3.6%99.6%49.6%22.6%
Term Structure0.9%-22.8%27.4%-15.2%-14.9%
VWIV63.7%51.2%83.5%74.7%64.1%
Bid-Ask Spread %10.165.3221.8521.858.20
Gamma HHI0.690.480.920.900.68
Net GEX36.3K6.0K96.9K57.5K23.7K
Net DEX-1.1M-3.1M342.0K-1.3M-943.3K
Net VEX-7.8K-11.2K-2.8K-8.3K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.001.430.180.11
Total Volume1,344.9521944,709339319
Total OI24,599.85715,36032,02515,36027,417

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$4.58$5.0074.5%21.4%35.3%28.5%74.7%0.0%-15.2%57.5K-1.3M-8.3K0.1821.85N/AN/A2875212,2433,117
2023-06-02$4.67$5.0082.2%23.6%33.5%34.5%82.3%0.0%-22.8%61.0K-1.5M-8.4K0.0018.18N/AN/A1,558312,3233,159
2023-06-05$4.67$5.0092.7%17.6%33.3%42.6%61.3%0.0%-2.1%76.2K-1.7M-8.5K0.0321.40N/AN/A1,9395413,7583,158
2023-06-06$4.86$5.0098.2%18.1%35.1%46.8%63.2%0.0%-4.0%87.6K-2.4M-9.3K0.0010.55N/AN/A2,105714,6063,208
2023-06-07$4.86$5.00108.0%18.3%34.7%54.4%73.0%0.0%-4.0%91.8K-2.6M-9.7K0.0310.20N/AN/A1,8306015,4913,209
2023-06-08$4.92$5.00123.4%20.1%31.0%66.3%70.0%0.0%-8.0%96.9K-3.1M-11.2K0.0311.21N/AN/A2,3467617,5153,210
2023-06-09$3.38$5.00113.6%14.4%139.9%58.7%69.7%0.0%11.2%6.0K342.0K-2.8K0.238.76N/AN/A3,82088920,7023,577
2023-06-12$3.46$5.00147.7%14.8%139.9%85.1%57.8%0.0%11.1%18.5K-523.3K-7.0K0.058.14N/AN/A2,13111626,0983,353
2023-06-13$3.54$5.00165.8%14.7%140.3%99.1%56.6%0.0%14.4%22.7K-770.4K-8.5K0.048.09N/AN/A2,3338627,2263,348
2023-06-14$3.50$2.5055.1%15.8%140.1%13.5%64.0%0.0%3.5%24.3K-1.1M-8.3K0.109.78N/AN/A3833728,6393,111
2023-06-15$3.46$2.5048.5%13.9%139.6%8.4%51.9%0.0%7.8%21.0K-1.1M-7.9K0.027.94N/AN/A1,4133528,9223,103
2023-06-16$3.35$5.0047.3%13.6%139.3%7.4%51.7%0.0%19.8%19.3K-809.4K-7.8K0.036.27N/AN/A7682528,3363,129
2023-06-20$3.16$5.0065.0%18.6%140.3%21.2%83.5%0.0%-21.2%24.0K-673.7K-8.0K0.095.92N/AN/A1,0969721,3892,863
2023-06-21$3.20$5.0046.2%13.3%139.7%6.6%51.2%0.0%17.8%17.7K-649.3K-7.3K1.439.13N/AN/A33347621,6712,954
2023-06-22$3.17$5.0055.3%15.9%139.4%13.7%56.7%0.0%1.5%18.4K-601.3K-7.3K0.198.46N/AN/A1823521,9082,897
2023-06-23$3.08$5.0051.7%14.8%139.4%10.9%53.0%0.0%-16.7%17.2K-549.2K-6.8K0.049.81N/AN/A1,4005621,9962,912
2023-06-26$3.05$2.5044.6%12.8%139.5%5.4%70.8%0.0%27.4%18.7K-573.1K-7.1K0.015.32N/AN/A193123,2982,877
2023-06-27$3.02$2.5057.2%16.4%139.0%15.1%75.3%0.0%-12.8%20.1K-549.1K-6.7K0.305.90N/AN/A49114623,4432,742
2023-06-28$3.04$2.5047.6%13.7%138.4%7.7%54.4%0.0%14.8%18.9K-594.4K-7.0K0.2510.25N/AN/A50612723,8902,656
2023-06-29$3.06$2.5047.1%13.5%137.3%7.3%51.9%0.0%11.6%20.6K-740.2K-7.9K0.237.98N/AN/A3518224,3832,760
2023-06-30$3.25$2.5057.6%16.5%140.1%15.4%64.1%0.0%-14.9%23.7K-943.3K-8.5K0.118.20N/AN/A2883124,5762,841