PL Options History — January 2024

In January 2024, PL traded between $2.06 and $2.45. ATM implied volatility averaged 62.6%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 8.3% (HV 20d: 54.3%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2024-01-19: Highest Volume — 801 contracts
  • 2024-01-17: Largest IV spike — 72.9% change
  • 2024-01-17: Highest IV Rank — 70.1%
  • 2024-01-17: Largest Expected Move — 36.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.25$2.06$2.45$2.38$2.27
Max Pain$2.33$2.00$2.50$2.50$2.00
ATM IV62.6%38.6%127.1%68.5%44.6%
Expected Move18.2%11.1%36.4%19.6%12.8%
HV 20d54.3%47.7%60.2%59.5%54.3%
HV 60d54.9%51.8%58.3%58.1%53.8%
IV Rank20.1%1.4%70.1%24.6%6.1%
IV Percentile49.7%2.0%98.8%73.4%9.1%
Term Structure-7.1%-134.8%32.0%-0.4%-3.2%
VWIV61.8%29.8%80.8%69.3%67.0%
Skew 25d7.6%-33.1%127.0%55.7%-8.1%
Skew 10d38.3%-80.1%236.4%115.0%-63.1%
Call IV 25d70.9%42.6%99.4%82.2%49.8%
Put IV 25d78.5%41.6%169.6%137.9%41.6%
Bid-Ask Spread %60.6315.72116.6224.7670.56
Gamma HHI0.540.430.660.630.52
Net GEX13.2K6.5K20.9K20.2K12.6K
Net DEX-371.8K-703.0K-7.4K-675.0K-544.5K
Net VEX-5.2K-6.1K-4.2K-6.1K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.003.650.290.33
Total Volume244.476128017112
Total OI16,761.4769,85020,91420,45711,104

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$2.38$2.5068.5%19.6%59.5%24.6%69.3%0.0%-0.4%20.2K-675.0K-6.1K0.2924.76N/AN/A551618,2692,188
2024-01-03$2.34$2.5053.4%15.3%59.3%12.9%51.6%0.0%2.9%20.7K-515.2K-5.9K0.1321.72N/AN/A1782317,9422,204
2024-01-04$2.33$2.5062.6%18.8%59.3%20.1%0.0%0.0%2.0%19.4K-471.4K-5.8K0.3630.19N/AN/A471718,0512,197
2024-01-05$2.27$2.5064.6%17.5%59.1%21.6%0.0%0.0%7.2%18.4K-434.2K-5.6K0.1322.06N/AN/A23318,0322,212
2024-01-08$2.33$2.5064.1%18.6%60.2%21.2%65.2%0.0%0.8%20.9K-500.0K-5.8K0.0333.12N/AN/A140418,0402,214
2024-01-09$2.26$2.5046.3%18.2%57.9%7.4%64.3%0.0%-9.9%17.7K-170.4K-4.9K3.3024.32N/AN/A7926117,9892,215
2024-01-10$2.21$2.5058.9%16.9%58.1%17.2%59.9%0.0%3.3%14.8K-127.7K-4.9K0.0115.72N/AN/A410418,0942,464
2024-01-11$2.17$2.5050.3%14.4%55.6%10.5%56.8%0.0%12.3%7.7K-89.3K-4.9K0.4618.47N/AN/A1306018,1492,461
2024-01-12$2.19$2.5074.5%21.4%49.2%29.3%74.6%0.0%-10.7%7.8K-52.0K-4.7K0.0033.98N/AN/A183018,2262,509
2024-01-16$2.10$2.5073.5%21.1%48.3%28.5%80.8%55.7%27.6%12.6K-188.1K-4.8K3.65116.62N/AN/A11642318,4052,509
2024-01-17$2.08$2.50127.1%36.4%47.8%70.1%76.8%6.4%-134.8%6.8K-42.9K-4.2K3.2198.87N/AN/A4213518,3722,292
2024-01-18$2.06$2.5083.8%24.0%47.7%36.5%0.0%18.5%-52.7%10.1K-94.5K-4.6K0.1180.50N/AN/A941018,4032,380
2024-01-19$2.10$2.5058.6%16.8%47.9%16.9%29.8%127.0%3.6%6.5K-7.4K-4.2K1.9087.64N/AN/A27652518,4812,383
2024-01-22$2.29$2.5064.9%18.6%55.0%21.8%73.5%-23.6%-32.8%7.9K-355.7K-4.9K0.0061.98N/AN/A73438,3961,454
2024-01-23$2.29$2.0055.7%16.0%54.6%14.7%62.9%-22.6%-23.0%11.3K-532.0K-5.7K0.5390.31N/AN/A1991058,9791,452
2024-01-24$2.27$2.0056.3%16.1%54.4%15.1%58.4%2.1%8.6%11.4K-549.2K-5.6K0.0399.69N/AN/A9539,1201,552
2024-01-25$2.29$2.0038.6%11.1%51.0%1.4%0.0%27.3%32.0%11.6K-531.6K-5.4K0.0292.19N/AN/A10129,1891,554
2024-01-26$2.27$2.0052.8%15.1%50.9%12.4%45.8%-32.3%-1.1%12.1K-544.8K-5.4K0.0170.79N/AN/A8519,2071,555
2024-01-29$2.45$2.0061.0%17.5%54.4%18.8%64.2%-26.6%3.4%13.3K-703.0K-6.0K0.0194.53N/AN/A39929,1851,555
2024-01-30$2.37$2.0054.6%15.7%55.0%13.9%49.3%-33.1%15.7%13.2K-678.6K-5.7K0.0885.26N/AN/A129109,4531,555
2024-01-31$2.27$2.0044.6%12.8%54.3%6.1%67.0%-8.1%-3.2%12.6K-544.5K-5.3K0.3370.56N/AN/A939,5411,563