PL Options History — September 2023

In September 2023, PL traded between $2.48 and $3.33. ATM implied volatility averaged 68.7%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 15.4% (HV 20d: 53.4%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.12.

Notable Days

2023-09-08: Highest Volume — 3,827 contracts
2023-09-12: Largest IV spike — 45.3% change
2023-09-06: Highest IV Rank — 55.6%
2023-09-01: Largest Expected Move — 26.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.79	$2.48	$3.33	$3.33	$2.60
Max Pain	$3.00	$2.50	$5.00	$2.50	$2.50
ATM IV	68.7%	50.0%	109.5%	93.3%	70.0%
Expected Move	19.1%	14.3%	26.8%	26.8%	20.1%
HV 20d	53.4%	34.5%	59.6%	34.6%	57.8%
HV 60d	56.0%	46.7%	89.7%	89.7%	52.6%
IV Rank	24.0%	9.6%	55.6%	43.1%	25.0%
IV Percentile	52.6%	12.3%	95.2%	90.1%	61.1%
Term Structure	-3.2%	-74.3%	16.2%	-74.3%	-14.5%
VWIV	66.6%	43.9%	120.3%	120.3%	70.0%
Bid-Ask Spread %	22.39	7.30	45.07	7.41	18.15
Gamma HHI	0.56	0.46	0.81	0.75	0.48
Net GEX	12.1K	7.0K	24.4K	24.4K	11.9K
Net DEX	-470.8K	-721.6K	-165.9K	-721.6K	-520.5K
Net VEX	-6.7K	-7.9K	-4.7K	-6.8K	-7.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.12	0.00	11.61	0.59	0.85
Total Volume	538.7	29	3,827	54	48
Total OI	21,831.45	18,268	23,677	18,268	23,677

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-09-01	$3.33	$2.50	93.3%	26.8%	34.6%	43.1%	120.3%	0.0%	-74.3%	24.4K	-721.6K	-6.8K	0.59	7.41	N/A	N/A	34	20	16,176	2,092
2023-09-05	$3.30	$5.00	75.8%	22.9%	34.5%	29.5%	80.9%	0.0%	-11.4%	21.0K	-601.1K	-6.1K	0.09	7.30	N/A	N/A	196	17	16,205	2,112
2023-09-06	$3.17	$5.00	109.5%	21.6%	35.9%	55.6%	0.0%	0.0%	-5.4%	17.4K	-542.1K	-5.7K	0.00	10.35	N/A	N/A	261	0	16,371	2,106
2023-09-07	$3.10	$5.00	83.6%	23.9%	36.4%	35.5%	78.6%	0.0%	-9.4%	17.9K	-551.6K	-6.0K	2.03	30.42	N/A	N/A	568	1,153	16,527	2,106
2023-09-08	$2.75	$5.00	58.8%	18.4%	54.5%	16.4%	64.1%	0.0%	1.3%	7.0K	-165.9K	-4.7K	0.83	22.17	N/A	N/A	2,086	1,741	17,067	2,986
2023-09-11	$2.83	$2.50	63.3%	18.4%	55.0%	19.9%	64.2%	0.0%	3.8%	10.3K	-473.3K	-6.2K	1.77	36.63	N/A	N/A	128	226	18,457	3,312
2023-09-12	$2.91	$2.50	92.0%	20.5%	56.5%	42.1%	71.6%	0.0%	-7.8%	11.4K	-477.6K	-6.4K	0.39	32.89	N/A	N/A	51	20	18,426	3,522
2023-09-13	$2.75	$2.50	64.9%	18.6%	58.2%	21.1%	64.8%	0.0%	3.3%	8.7K	-399.8K	-6.2K	11.61	34.59	N/A	N/A	18	209	18,417	3,542
2023-09-14	$2.80	$2.50	66.9%	19.2%	59.0%	22.6%	67.6%	0.0%	0.1%	9.1K	-375.0K	-6.1K	0.73	36.61	N/A	N/A	278	203	18,423	3,744
2023-09-15	$2.80	$2.50	52.7%	15.1%	58.8%	11.7%	48.0%	0.0%	16.2%	8.6K	-380.9K	-6.2K	0.05	17.05	N/A	N/A	120	6	18,595	3,944
2023-09-18	$2.69	$2.50	52.8%	15.1%	59.4%	11.7%	52.8%	0.0%	10.1%	7.8K	-260.1K	-5.8K	0.00	16.10	N/A	N/A	2,155	2	18,216	3,706
2023-09-19	$2.71	$2.50	56.7%	16.3%	59.4%	14.7%	56.5%	0.0%	10.1%	10.8K	-566.9K	-7.7K	1.32	7.97	N/A	N/A	40	53	19,964	3,119
2023-09-20	$2.74	$2.50	50.0%	14.3%	59.6%	9.6%	43.9%	0.0%	14.0%	11.1K	-593.7K	-7.8K	0.01	18.97	N/A	N/A	72	1	20,005	3,160
2023-09-21	$2.71	$2.50	58.5%	16.8%	59.1%	16.1%	58.5%	0.0%	8.2%	10.9K	-576.2K	-7.9K	1.05	7.97	N/A	N/A	165	173	20,076	3,161
2023-09-22	$2.60	$2.50	64.0%	18.4%	58.7%	20.4%	64.0%	0.0%	0.8%	10.1K	-427.3K	-7.2K	0.26	22.57	N/A	N/A	141	37	20,118	3,074
2023-09-25	$2.54	$2.50	64.6%	18.5%	58.4%	20.8%	63.7%	0.0%	-3.9%	10.9K	-461.3K	-7.3K	0.04	18.12	N/A	N/A	271	11	20,248	3,055
2023-09-26	$2.48	$2.50	63.4%	18.2%	58.5%	19.9%	62.3%	0.0%	1.0%	10.8K	-418.7K	-7.1K	0.15	25.81	N/A	N/A	145	22	20,517	3,064
2023-09-27	$2.50	$2.50	69.1%	19.8%	56.1%	24.3%	69.1%	0.0%	-5.3%	11.0K	-439.4K	-7.2K	0.53	31.68	N/A	N/A	19	10	20,659	3,004
2023-09-28	$2.56	$2.50	64.3%	18.4%	56.9%	20.6%	64.7%	0.0%	-1.5%	11.4K	-463.5K	-7.3K	0.04	45.07	N/A	N/A	71	3	20,662	3,014
2023-09-29	$2.60	$2.50	70.0%	20.1%	57.8%	25.0%	70.0%	0.0%	-14.5%	11.9K	-520.5K	-7.3K	0.85	18.15	N/A	N/A	26	22	20,660	3,017