PL Options History — April 2024

In April 2024, PL traded between $1.69 and $2.25. ATM implied volatility averaged 53.8%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 7.0% (HV 20d: 60.8%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.30.

Notable Days

  • 2024-04-01: Highest Volume — 941 contracts
  • 2024-04-17: Largest IV spike — 64.7% change
  • 2024-04-30: Highest IV Rank — 24.8%
  • 2024-04-04: Largest Expected Move — 21.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.91$1.69$2.25$2.25$1.69
Max Pain$2.14$2.00$2.50$2.50$2.00
ATM IV53.8%35.0%68.3%53.2%67.4%
Expected Move15.6%10.0%21.2%15.3%19.3%
HV 20d60.8%47.8%70.4%57.6%47.8%
HV 60d56.1%54.4%59.8%55.3%54.5%
IV Rank13.5%0.0%24.8%12.8%24.8%
IV Percentile33.8%0.0%69.4%28.6%69.4%
Term Structure2.1%-43.6%24.8%21.6%-14.3%
VWIV60.7%29.4%148.4%48.2%57.2%
Skew 25d12.5%-46.2%86.5%17.8%-6.2%
Skew 10d42.9%-58.4%212.8%-58.4%16.8%
Call IV 25d45.1%32.0%83.1%35.1%51.9%
Put IV 25d57.6%36.9%129.7%52.8%45.8%
Bid-Ask Spread %75.2846.61102.2569.4660.75
Gamma HHI0.420.300.580.580.30
Net GEX6.7K3.3K13.8K13.8K4.5K
Net DEX-179.9K-338.4K4.2K-321.8K-161.7K
Net VEX-3.3K-4.8K-2.4K-4.3K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.002.150.500.00
Total Volume298.6821594194115
Total OI13,185.54511,11414,40813,54112,152

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$2.25$2.5053.2%15.3%57.6%12.8%48.2%17.8%21.6%13.8K-321.8K-4.3K0.5069.46N/AN/A62931211,3612,180
2024-04-02$2.16$2.0058.6%16.8%58.6%17.0%48.3%21.1%-3.4%11.7K-338.4K-4.8K1.8374.43N/AN/A305511,4382,060
2024-04-03$2.13$2.5065.8%18.9%58.8%22.6%65.9%74.0%-43.6%10.7K-281.1K-3.9K0.0586.81N/AN/A86411,4382,083
2024-04-04$2.06$2.5054.5%21.2%59.9%13.8%74.1%24.6%-12.7%8.3K-188.0K-3.7K0.2384.47N/AN/A2315311,4642,079
2024-04-05$2.08$2.5062.0%18.7%59.1%19.6%65.6%23.9%5.4%9.5K-242.4K-4.0K0.0381.55N/AN/A292811,5972,056
2024-04-08$2.09$2.5068.3%18.3%59.0%24.5%64.0%86.5%-3.7%9.6K-240.1K-4.0K0.1387.86N/AN/A31411,7632,054
2024-04-09$2.15$2.5059.8%15.5%59.8%17.9%54.0%40.5%15.0%9.6K-261.7K-4.1K0.2288.19N/AN/A1884111,7862,055
2024-04-10$2.04$2.0067.9%19.5%62.1%24.1%67.9%21.5%-24.7%8.0K-207.6K-3.8K0.2476.56N/AN/A1774211,9442,092
2024-04-11$2.05$2.0064.2%18.4%62.1%21.3%29.4%15.8%-1.3%9.2K-277.2K-3.9K0.0474.00N/AN/A2411012,0571,826
2024-04-12$2.00$2.0040.6%11.6%62.6%3.0%39.6%7.0%21.1%6.5K-225.5K-3.7K0.11102.25N/AN/A1902012,1741,828
2024-04-15$1.83$2.0047.5%13.6%68.5%8.4%54.9%-19.4%9.3%3.9K-79.4K-3.3K2.1547.24N/AN/A11524712,0551,848
2024-04-16$1.73$2.0038.9%11.1%70.4%1.7%45.9%-46.2%9.7%3.3K4.2K-2.4K0.5077.95N/AN/A24712312,1331,757
2024-04-17$1.75$2.0064.0%18.4%65.5%21.2%58.6%-18.6%-21.3%4.5K-108.2K-3.3K0.0575.62N/AN/A8104112,2611,643
2024-04-18$1.75$2.0046.7%13.4%64.1%7.7%0.0%-9.6%15.3%4.0K-71.5K-2.7K0.0079.77N/AN/A449212,8161,592
2024-04-19$1.73$2.0052.7%15.1%62.6%12.4%53.3%3.9%-5.0%3.6K-46.6K-2.5K0.5878.58N/AN/A17210012,4191,587
2024-04-22$1.75$2.0050.3%14.4%63.5%10.5%0.0%2.4%13.5%3.7K-88.0K-2.6K0.0046.61N/AN/A76229,8191,295
2024-04-23$1.77$2.0038.6%11.1%60.3%1.5%148.4%7.2%19.7%4.4K-166.8K-2.7K0.0067.76N/AN/A28010,5041,297
2024-04-24$1.83$2.0035.0%10.0%62.3%0.0%0.0%15.3%6.4%4.7K-171.9K-2.8K0.0078.22N/AN/A27010,5251,297
2024-04-25$1.77$2.0040.3%11.6%62.3%4.1%56.6%7.4%24.8%4.6K-166.7K-2.8K0.0076.39N/AN/A524010,5371,297
2024-04-26$1.75$2.0054.9%15.8%62.0%15.3%0.0%2.3%10.8%4.6K-168.2K-2.7K0.0374.42N/AN/A60210,6351,297
2024-04-29$1.73$2.0051.2%14.7%48.7%12.4%57.2%3.6%2.9%4.4K-148.3K-2.7K0.0167.31N/AN/A200110,6841,297
2024-04-30$1.69$2.0067.4%19.3%47.8%24.8%0.0%-6.2%-14.3%4.5K-161.7K-2.7K0.0060.75N/AN/A15010,8551,297