PL Options History — November 2023

In November 2023, PL traded between $2.08 and $2.46. ATM implied volatility averaged 62.5%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 1.3% (HV 20d: 61.2%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 5.14.

Notable Days

  • 2023-11-14: Highest Volume — 397 contracts
  • 2023-11-08: Largest IV spike — 49.5% change
  • 2023-11-29: Highest IV Rank — 36.4%
  • 2023-11-29: Largest Expected Move — 24.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.32$2.08$2.46$2.08$2.44
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV62.5%36.7%84.2%55.9%80.8%
Expected Move18.7%10.5%24.1%16.0%23.2%
HV 20d61.2%55.2%66.9%57.1%55.2%
HV 60d56.4%50.6%58.6%50.6%57.4%
IV Rank19.6%0.0%36.4%14.1%33.9%
IV Percentile51.7%0.0%89.7%34.1%85.7%
Term Structure1.5%-17.1%39.2%-9.6%-17.1%
VWIV65.8%37.9%84.2%37.9%80.7%
Bid-Ask Spread %29.8712.6363.4314.1526.27
Gamma HHI0.640.490.810.580.49
Net GEX3.5K2.4K5.4K2.4K2.5K
Net DEX-154.3K-323.0K116.3K116.3K-287.6K
Net VEX-6.6K-7.1K-5.6K-5.6K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.140.00100.000.055.17
Total Volume119.381103976474
Total OI17,479.52416,95618,07816,95618,078

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$2.08$2.5055.9%16.0%57.1%14.1%0.0%0.0%-9.6%2.4K116.3K-5.6K0.0514.15N/AN/A61312,9803,976
2023-11-02$2.26$2.5037.8%15.0%66.0%0.1%37.9%0.0%24.7%2.8K-69.6K-6.4K0.0012.64N/AN/A82012,9853,979
2023-11-03$2.27$2.5039.8%15.2%65.8%1.6%46.0%0.0%20.4%2.6K-89.6K-6.5K0.0063.43N/AN/A184013,0273,979
2023-11-06$2.25$2.5043.3%18.5%65.8%4.4%0.0%0.0%3.3%3.2K-99.9K-6.5K0.1133.53N/AN/A9113,1863,979
2023-11-07$2.29$2.5048.3%15.2%66.3%8.2%46.9%0.0%24.7%2.8K-125.8K-6.9K0.0260.67N/AN/A54113,1793,980
2023-11-08$2.17$2.5072.2%20.7%66.9%26.7%0.0%0.0%-4.6%3.1K-28.7K-6.2K0.0035.29N/AN/A64013,2263,979
2023-11-09$2.08$2.5043.5%12.5%63.9%4.5%44.4%0.0%27.7%3.3K66.6K-5.9K0.0012.63N/AN/A268113,2973,979
2023-11-10$2.17$2.5036.7%10.5%63.4%0.0%0.0%0.0%39.2%3.4K55.5K-6.0K0.0416.39N/AN/A126513,5653,938
2023-11-13$2.23$2.5053.6%15.4%63.4%12.9%61.0%0.0%6.6%3.4K-39.0K-6.3K0.0718.41N/AN/A72513,4903,937
2023-11-14$2.41$2.5064.7%18.6%64.8%21.5%64.8%0.0%-1.8%4.5K-240.1K-6.9K0.0436.71N/AN/A3801713,5203,935
2023-11-15$2.38$2.5075.1%21.5%59.8%29.5%75.2%0.0%-5.3%5.4K-282.9K-7.0K0.0720.98N/AN/A1781213,5603,952
2023-11-16$2.30$2.5067.4%19.3%60.6%23.6%67.4%0.0%-0.5%4.4K-164.8K-6.6K0.0037.07N/AN/A54013,7243,964
2023-11-17$2.34$2.5060.9%17.5%60.0%18.6%60.9%0.0%-0.2%3.9K-174.5K-6.8K0.0637.87N/AN/A77513,7453,964
2023-11-20$2.42$2.5067.4%19.3%59.9%23.6%67.5%0.0%-1.3%4.1K-245.2K-6.8K0.4032.57N/AN/A1455813,6693,959
2023-11-21$2.38$2.5072.6%20.8%59.7%27.5%72.6%0.0%-9.5%4.4K-212.9K-6.7K0.5723.34N/AN/A7413,6323,910
2023-11-22$2.41$2.5079.9%22.9%57.6%33.2%79.9%0.0%-16.0%5.1K-266.0K-6.9K0.0031.01N/AN/A35013,6373,911
2023-11-24$2.46$2.5073.2%21.0%57.8%28.0%73.1%0.0%-5.4%4.5K-284.5K-6.8K100.0034.71N/AN/A330013,6633,911
2023-11-27$2.45$2.5079.5%22.8%57.1%32.8%79.5%0.0%-16.2%3.0K-236.5K-6.7K0.1131.58N/AN/A9113,6654,211
2023-11-28$2.46$2.5075.9%21.8%57.1%30.1%75.9%0.0%-12.1%2.6K-308.3K-7.1K0.3828.24N/AN/A321213,6724,210
2023-11-29$2.46$2.5084.2%24.1%56.9%36.4%84.2%0.0%-16.4%3.1K-323.0K-6.8K0.7919.81N/AN/A947413,6964,221
2023-11-30$2.44$2.5080.8%23.2%55.2%33.9%80.7%0.0%-17.1%2.5K-287.6K-7.0K5.1726.27N/AN/A126213,7844,294