PL Options History — July 2023

In July 2023, PL traded between $3.17 and $3.70. ATM implied volatility averaged 57.1%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded below realized volatility by 11.3% (HV 20d: 68.4%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.24.

Notable Days

  • 2023-07-13: Highest Volume — 1,352 contracts
  • 2023-07-12: Largest IV drop — 48.9% change
  • 2023-07-11: Highest IV Rank — 39.8%
  • 2023-07-31: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.38$3.17$3.70$3.24$3.70
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV57.1%40.8%89.1%70.3%70.5%
Expected Move15.0%11.5%20.2%20.2%20.2%
HV 20d68.4%40.8%139.6%139.5%50.2%
HV 60d86.7%85.4%89.7%89.7%88.7%
IV Rank15.0%2.4%39.8%25.3%25.4%
IV Percentile24.1%1.2%86.5%44.0%50.0%
Term Structure1.5%-42.6%30.6%-42.6%-16.3%
VWIV54.9%37.0%86.0%86.0%68.9%
Bid-Ask Spread %7.505.579.305.628.31
Gamma HHI0.720.680.750.690.75
Net GEX24.9K20.9K32.6K25.9K32.6K
Net DEX-979.4K-1.3M-709.9K-882.3K-1.3M
Net VEX-8.7K-10.5K-7.6K-8.3K-10.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.001.950.330.02
Total Volume312.05151,352170581
Total OI24,491.2516,92528,08727,36617,210

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$3.24$2.5070.3%20.2%139.5%25.3%86.0%0.0%-42.6%25.9K-882.3K-8.3K0.335.62N/AN/A1284224,5142,852
2023-07-05$3.25$2.5057.6%16.5%139.6%15.4%56.5%0.0%-13.6%22.9K-923.7K-8.3K0.005.72N/AN/A15024,4412,874
2023-07-06$3.17$2.5051.4%11.6%137.9%10.7%37.0%0.0%30.6%20.9K-775.9K-7.6K0.019.05N/AN/A167224,4502,874
2023-07-07$3.25$2.5070.7%11.5%138.7%25.6%43.9%0.0%22.7%23.2K-913.2K-8.4K0.076.86N/AN/A3662424,5922,876
2023-07-10$3.33$2.5065.0%15.1%139.1%21.2%65.5%0.0%5.3%24.8K-1.0M-8.9K0.006.48N/AN/A230124,8322,898
2023-07-11$3.42$2.5089.1%12.9%42.0%39.8%0.0%0.0%23.2%27.2K-1.2M-9.2K0.229.30N/AN/A2776025,0062,897
2023-07-12$3.42$2.5045.6%13.1%41.2%6.1%47.8%0.0%24.5%26.3K-1.1M-9.7K0.047.22N/AN/A3291324,9352,932
2023-07-13$3.48$2.5057.5%16.5%40.8%15.3%47.0%0.0%17.1%29.0K-1.3M-10.1K0.016.38N/AN/A1,3421025,2212,866
2023-07-14$3.29$2.5040.8%11.7%45.2%2.4%40.8%0.0%28.9%22.3K-944.1K-8.0K0.025.57N/AN/A417824,5232,856
2023-07-17$3.42$2.5049.1%14.1%47.4%8.9%0.0%0.0%9.5%25.6K-1.1M-8.8K1.957.22N/AN/A5610924,8192,863
2023-07-18$3.54$2.5050.6%14.5%47.4%10.0%50.4%0.0%8.2%28.1K-1.2M-9.6K0.197.41N/AN/A2755124,8602,967
2023-07-19$3.46$2.5053.3%15.3%42.8%12.1%59.3%0.0%-3.0%25.1K-998.4K-8.6K0.168.13N/AN/A2043324,7843,024
2023-07-20$3.33$2.5047.6%13.7%45.3%7.7%0.0%0.0%-3.1%22.3K-848.4K-7.9K0.817.47N/AN/A746024,6813,054
2023-07-21$3.34$2.5047.4%13.6%45.1%7.6%47.4%0.0%-6.1%22.6K-883.0K-8.3K0.258.49N/AN/A2997624,7293,114
2023-07-24$3.35$2.5049.0%14.0%43.5%8.8%47.5%0.0%-6.5%22.2K-763.4K-7.9K0.028.49N/AN/A221514,8002,125
2023-07-25$3.34$2.5051.4%14.7%43.3%10.6%51.6%0.0%-8.5%23.4K-787.5K-8.2K0.028.49N/AN/A119214,9502,124
2023-07-26$3.42$2.5058.3%16.7%43.4%16.0%61.7%0.0%-4.5%26.4K-999.2K-9.2K0.447.22N/AN/A1828014,9742,121
2023-07-27$3.29$2.5051.9%14.9%46.3%11.1%53.2%0.0%-9.6%21.3K-709.9K-7.6K0.047.71N/AN/A81315,0132,045
2023-07-28$3.46$2.5064.0%18.3%49.1%20.4%69.1%0.0%-25.5%25.4K-918.2K-8.8K0.208.90N/AN/A2495015,0822,047
2023-07-31$3.70$2.5070.5%20.2%50.2%25.4%68.9%0.0%-16.3%32.6K-1.3M-10.5K0.028.31N/AN/A5681315,1132,097