PL Options History — August 2023

In August 2023, PL traded between $3.12 and $3.75. ATM implied volatility averaged 61.4%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 7.1% (HV 20d: 54.3%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.23.

Notable Days

  • 2023-08-28: Highest Volume — 480 contracts
  • 2023-08-09: Largest IV drop — 36.8% change
  • 2023-08-01: Highest IV Rank — 35.5%
  • 2023-08-01: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.34$3.12$3.75$3.75$3.26
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV61.4%48.8%83.6%83.6%67.2%
Expected Move16.3%13.6%24.0%24.0%19.3%
HV 20d54.3%33.6%62.5%50.1%33.6%
HV 60d89.9%88.6%90.7%88.6%89.5%
IV Rank18.4%8.6%35.5%35.5%22.8%
IV Percentile35.8%9.5%81.3%81.3%50.0%
Term Structure-5.3%-37.1%19.8%-37.1%0.3%
VWIV62.3%50.3%91.6%91.6%80.7%
Bid-Ask Spread %9.206.1212.736.1210.94
Gamma HHI0.730.650.760.750.71
Net GEX22.6K16.2K34.0K34.0K20.4K
Net DEX-741.6K-1.3M-474.4K-1.3M-638.3K
Net VEX-7.4K-10.6K-5.5K-10.6K-6.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.001.520.030.00
Total Volume173.6092048024051
Total OI17,541.47817,03018,28117,03018,281

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$3.75$2.5083.6%24.0%50.1%35.5%91.6%0.0%-37.1%34.0K-1.3M-10.6K0.036.12N/AN/A233714,9382,092
2023-08-02$3.40$2.5072.7%20.8%62.5%27.1%80.4%0.0%1.7%24.9K-887.2K-8.6K1.529.11N/AN/A9314115,0092,094
2023-08-03$3.44$2.5069.6%14.6%61.8%24.7%0.0%0.0%-7.4%25.7K-872.2K-8.4K0.047.04N/AN/A94415,0652,174
2023-08-04$3.42$2.5075.1%13.7%61.4%29.0%0.0%0.0%-1.1%23.5K-787.2K-7.9K1.328.84N/AN/A7610015,1412,174
2023-08-07$3.38$2.5080.8%13.6%61.0%33.4%0.0%0.0%19.8%24.2K-802.0K-8.2K0.019.05N/AN/A95115,1512,274
2023-08-08$3.46$2.5081.2%15.2%60.8%33.7%50.3%0.0%7.0%24.5K-846.8K-8.0K0.026.31N/AN/A145315,1582,275
2023-08-09$3.42$2.5051.3%14.7%61.0%10.6%0.0%0.0%10.0%23.5K-760.1K-7.5K0.217.22N/AN/A531115,1622,272
2023-08-10$3.42$2.5051.6%14.8%60.6%10.8%0.0%0.0%-0.7%23.9K-779.5K-7.5K0.028.84N/AN/A55115,1832,282
2023-08-11$3.50$2.5051.4%14.7%57.5%10.6%56.0%0.0%-10.4%27.3K-953.3K-8.7K0.297.06N/AN/A2587415,1602,281
2023-08-14$3.51$2.5052.9%15.2%55.9%11.8%0.0%0.0%-11.2%27.3K-952.9K-8.5K0.138.77N/AN/A2092715,0682,271
2023-08-15$3.38$2.5053.4%15.3%56.1%12.2%60.6%0.0%-13.2%23.4K-733.4K-7.6K0.4410.11N/AN/A23410215,1222,297
2023-08-16$3.33$2.5059.0%16.9%55.8%16.5%0.0%0.0%-20.8%22.4K-738.2K-7.5K0.0110.29N/AN/A288315,2152,214
2023-08-17$3.25$2.5048.8%14.0%54.8%8.6%53.7%0.0%13.1%19.3K-583.4K-6.4K0.1410.82N/AN/A1672315,4142,213
2023-08-18$3.29$2.5058.5%16.8%55.0%16.2%0.0%0.0%-13.5%21.4K-675.6K-6.9K0.1910.55N/AN/A2053815,4492,213
2023-08-21$3.21$2.5049.9%14.3%55.6%9.5%54.1%0.0%-12.9%18.5K-566.9K-6.4K0.1210.30N/AN/A41515,3402,040
2023-08-22$3.23$2.5049.0%14.0%55.7%8.8%50.6%0.0%-11.6%19.6K-582.1K-6.3K0.068.81N/AN/A87515,3762,045
2023-08-23$3.27$2.5053.0%15.2%55.2%11.8%56.1%0.0%13.6%20.3K-656.7K-6.7K0.0512.73N/AN/A2571315,4122,045
2023-08-24$3.12$2.5055.1%15.8%55.9%13.5%51.4%0.0%14.7%16.2K-474.4K-5.5K0.068.40N/AN/A52315,6402,056
2023-08-25$3.15$2.5053.4%15.3%52.6%12.2%0.0%0.0%6.8%16.7K-503.9K-5.8K0.1812.43N/AN/A44815,6472,054
2023-08-28$3.15$2.5057.8%16.6%45.3%15.6%0.0%0.0%-20.3%19.7K-600.1K-6.4K0.058.94N/AN/A4572315,6752,062
2023-08-29$3.27$2.5069.3%19.9%47.6%24.5%80.7%0.0%-13.7%20.3K-621.9K-6.4K0.0611.57N/AN/A1761116,0712,076
2023-08-30$3.31$2.5067.2%19.3%33.6%22.9%0.0%0.0%-34.1%23.1K-693.8K-7.0K0.337.47N/AN/A15516,1862,087
2023-08-31$3.26$2.5067.2%19.3%33.6%22.8%0.0%0.0%0.3%20.4K-638.3K-6.4K0.0010.94N/AN/A51016,1892,092