PL Options History — January 2025

In January 2025, PL traded between $3.58 and $6.08. ATM implied volatility averaged 98.9%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 26.6%. IV traded above realized volatility by 8.8% (HV 20d: 90.1%). Max pain ranged from $2.50 to $4.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.11.

Notable Days

  • 2025-01-24: Highest Volume — 42,718 contracts
  • 2025-01-13: Largest IV spike — 35.2% change
  • 2025-01-13: Highest IV Rank — 49.2%
  • 2025-01-29: Largest Expected Move — 29.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.52$3.58$6.08$3.98$6.08
Max Pain$3.85$2.50$4.00$2.50$4.00
ATM IV98.9%83.1%137.0%96.9%97.4%
Expected Move26.6%23.8%29.9%27.8%27.9%
HV 20d90.1%73.2%113.3%73.2%106.7%
HV 60d81.2%73.0%91.6%73.1%90.3%
IV Rank30.8%23.2%49.2%29.8%30.1%
IV Percentile79.4%68.7%96.8%81.0%77.8%
Term Structure0.4%-8.2%7.8%-8.2%-0.3%
VWIV95.6%83.9%107.7%100.4%99.2%
Skew 25d-8.1%-26.3%4.7%-10.5%-16.5%
Skew 10d-16.6%-51.3%34.5%-12.7%-36.2%
Call IV 25d99.7%85.7%115.7%102.7%110.7%
Put IV 25d91.6%72.4%109.0%92.2%94.2%
Bid-Ask Spread %26.9611.7748.8513.9027.97
Gamma HHI0.450.210.730.630.21
Net GEX193.5K63.5K400.2K148.8K400.2K
Net DEX-13.1M-34.7M-4.8M-7.4M-34.7M
Net VEX-51.5K-107.9K-26.5K-34.7K-107.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.020.420.250.07
Total Volume8,889.41,54942,7181,63818,800
Total OI82,174.144,103104,54979,765104,549

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$3.98$2.5096.9%27.8%73.2%29.8%100.4%-10.5%-8.2%148.8K-7.4M-34.7K0.2513.90N/AN/A1,31232670,5939,172
2025-01-03$4.23$2.5097.4%27.9%74.5%30.1%105.7%-7.9%2.2%195.6K-8.9M-37.4K0.1111.82N/AN/A2,90532270,6489,071
2025-01-06$4.38$4.00101.7%25.5%75.3%32.2%99.3%-21.3%3.2%244.6K-10.6M-39.6K0.0435.85N/AN/A9,24138971,8149,313
2025-01-07$4.11$4.00101.6%27.2%78.9%32.1%96.4%-26.3%0.4%167.9K-8.3M-36.2K0.1011.77N/AN/A1,73617275,3519,157
2025-01-08$3.91$4.00109.9%26.3%79.6%36.1%93.2%-8.9%7.8%146.9K-7.4M-33.4K0.1121.12N/AN/A2,97232075,8079,300
2025-01-10$3.74$4.00101.3%26.3%79.3%32.0%91.2%-2.3%3.0%102.4K-6.0M-30.2K0.2032.31N/AN/A1,77135975,9679,367
2025-01-13$3.58$4.00137.0%26.7%79.6%49.2%93.2%-1.0%5.7%63.5K-4.8M-26.5K0.4234.06N/AN/A1,09345676,3569,324
2025-01-14$3.75$4.00126.5%27.7%81.7%44.2%97.1%-7.0%-0.6%82.0K-5.8M-29.1K0.0748.00N/AN/A2,33617376,6559,351
2025-01-15$3.85$4.0087.4%25.1%81.9%25.3%90.9%4.7%7.2%83.7K-6.2M-30.0K0.0230.19N/AN/A1,9984077,0889,369
2025-01-16$3.83$4.0088.8%25.5%76.1%26.0%90.6%-1.3%-2.7%83.3K-5.9M-28.7K0.0448.85N/AN/A2,71710877,1179,252
2025-01-17$3.84$4.0084.8%24.3%75.1%24.0%86.3%-7.0%1.6%82.2K-6.0M-29.6K0.2744.63N/AN/A1,47339477,4119,123
2025-01-21$4.63$4.0085.9%24.6%95.8%24.5%86.3%-5.9%-0.0%119.2K-8.1M-35.9K0.0613.81N/AN/A13,46087139,2114,892
2025-01-22$4.42$4.0083.1%23.8%97.7%23.2%83.9%-5.6%-7.5%153.7K-8.2M-38.3K0.0311.84N/AN/A12,55933147,4825,191
2025-01-23$4.64$4.0084.0%24.1%97.3%23.6%86.5%-4.3%-3.9%199.9K-11.0M-46.0K0.0230.93N/AN/A9,73423454,4775,420
2025-01-24$5.45$4.0084.9%24.3%111.1%24.1%91.7%-9.9%7.6%248.8K-19.8M-62.5K0.0330.97N/AN/A41,5131,20562,5525,535
2025-01-27$5.19$4.00100.6%28.9%113.3%31.7%102.6%-4.9%0.1%299.8K-21.4M-86.4K0.0518.50N/AN/A17,07478284,4966,254
2025-01-28$5.42$4.00101.0%29.0%109.7%31.9%105.7%-8.7%-4.7%325.6K-24.8M-95.0K0.0333.64N/AN/A5,98719189,3726,675
2025-01-29$5.58$4.00104.4%29.9%108.6%33.5%107.7%-6.8%-2.9%338.1K-26.8M-99.5K0.0812.13N/AN/A12,6591,01290,8686,678
2025-01-30$5.75$4.00103.2%29.6%107.3%32.9%103.6%-10.8%0.2%384.3K-29.9M-103.9K0.1026.88N/AN/A7,93083395,9537,271
2025-01-31$6.08$4.0097.4%27.9%106.7%30.1%99.2%-16.5%-0.3%400.2K-34.7M-107.9K0.0727.97N/AN/A17,6491,15197,1687,381