PL Options History — December 2023

In December 2023, PL traded between $2.26 and $2.59. ATM implied volatility averaged 65.0%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 15.6% (HV 20d: 49.4%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2023-12-27: Highest Volume — 2,167 contracts
  • 2023-12-08: Largest IV drop — 53.6% change
  • 2023-12-07: Highest IV Rank — 61.2%
  • 2023-12-01: Largest Expected Move — 23.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.46$2.26$2.59$2.52$2.50
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV65.0%40.3%116.4%82.7%57.2%
Expected Move16.8%11.6%23.7%23.7%16.4%
HV 20d49.4%44.0%58.1%48.6%58.1%
HV 60d54.4%50.8%57.8%57.8%57.2%
IV Rank21.8%2.8%61.2%35.3%15.8%
IV Percentile49.2%3.6%97.6%87.7%43.3%
Term Structure2.0%-17.6%10.7%-17.6%8.0%
VWIV59.1%46.8%82.7%82.7%57.2%
Bid-Ask Spread %32.7117.5051.2226.8431.15
Gamma HHI0.600.450.810.490.67
Net GEX12.6K-1.8K24.7K2.6K24.7K
Net DEX-491.2K-896.5K146.1K-393.6K-802.9K
Net VEX-6.1K-7.1K-5.4K-7.1K-6.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.005.321.314.24
Total Volume583.95332,167374754
Total OI18,056.216,64419,54618,14119,546

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$2.52$2.5082.7%23.7%48.6%35.3%82.7%0.0%-17.6%2.6K-393.6K-7.1K1.3126.84N/AN/A16221213,7954,346
2023-12-04$2.56$2.5084.3%18.9%48.8%36.5%65.9%0.0%-2.2%186-387.6K-7.1K5.3229.70N/AN/A2041,08613,7104,557
2023-12-05$2.54$2.5089.3%20.3%48.7%40.4%70.9%0.0%-5.3%2.1K-454.8K-6.2K0.0630.46N/AN/A1791014,1643,802
2023-12-06$2.59$2.50106.8%19.3%48.8%53.8%67.3%0.0%1.3%4.7K-633.8K-6.6K0.4930.28N/AN/A944614,3243,802
2023-12-07$2.56$2.50116.4%19.5%44.0%61.2%68.2%0.0%-0.4%3.1K-609.7K-6.5K0.2425.49N/AN/A1,04125514,3583,818
2023-12-08$2.42$2.5054.1%16.0%46.3%13.3%55.9%0.0%10.3%4.0K-326.7K-6.2K0.6648.77N/AN/A50633215,1973,886
2023-12-11$2.38$2.5056.5%16.4%45.1%15.2%57.1%0.0%8.0%-1.8K-45.9K-5.8K0.1823.38N/AN/A4518015,1524,198
2023-12-12$2.26$2.5062.9%16.6%48.5%20.1%58.7%0.0%4.9%12.9K146.1K-5.4K0.2440.41N/AN/A65415715,2934,223
2023-12-13$2.42$2.5055.4%15.9%46.6%14.4%55.5%0.0%3.1%14.3K-389.0K-5.7K0.0034.58N/AN/A1,050215,2482,738
2023-12-14$2.51$2.5051.7%14.8%48.0%11.5%51.7%0.0%0.0%15.7K-673.0K-6.2K0.1145.12N/AN/A2713015,6902,739
2023-12-15$2.44$2.5057.0%16.4%47.5%15.7%57.0%0.0%-2.0%16.2K-339.8K-6.1K0.2033.63N/AN/A3867615,7612,748
2023-12-18$2.44$2.5059.4%17.0%47.2%17.6%59.4%0.0%-3.2%16.6K-645.7K-6.1K0.0219.19N/AN/A173414,9411,703
2023-12-19$2.48$2.5051.7%14.8%46.0%11.7%52.6%0.0%3.8%18.4K-665.3K-6.1K0.1638.35N/AN/A1873014,9401,707
2023-12-20$2.34$2.5049.3%14.1%50.3%9.7%49.3%0.0%2.7%17.4K-456.2K-5.6K0.0117.50N/AN/A163215,0011,688
2023-12-21$2.38$2.5052.1%14.9%50.5%11.9%52.2%0.0%5.4%17.9K-513.9K-5.7K0.0040.88N/AN/A33015,2601,689
2023-12-22$2.34$2.5040.3%11.6%50.2%2.8%46.8%0.0%10.7%18.9K-480.9K-5.7K0.1721.09N/AN/A831415,3931,697
2023-12-26$2.46$2.5048.6%13.9%53.5%9.2%48.6%0.0%8.2%21.1K-626.9K-6.0K0.0051.22N/AN/A395015,4481,683
2023-12-27$2.42$2.5059.9%17.2%53.8%18.0%59.9%0.0%1.3%20.4K-628.7K-5.7K0.0339.58N/AN/A2,1036415,7291,683
2023-12-28$2.56$2.5064.6%18.5%57.5%21.6%65.9%0.0%0.4%22.9K-896.5K-6.5K0.0426.56N/AN/A3751517,7411,726
2023-12-29$2.50$2.5057.2%16.4%58.1%15.8%57.2%0.0%8.0%24.7K-802.9K-6.2K4.2431.15N/AN/A14461017,8311,715