PL Options History — March 2025

In March 2025, PL traded between $3.38 and $4.36. ATM implied volatility averaged 98.3%, placing in the 30.5% IV rank vs the trailing year. The 30-day expected move averaged 28.5%. IV traded above realized volatility by 13.3% (HV 20d: 85.0%). Max pain ranged from $3.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2025-03-24: Highest Volume — 9,937 contracts
  • 2025-03-11: Largest IV drop — 22.9% change
  • 2025-03-10: Highest IV Rank — 44.2%
  • 2025-03-10: Largest Expected Move — 36.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.96$3.38$4.36$4.20$3.38
Max Pain$4.05$3.00$5.00$5.00$3.00
ATM IV98.3%84.8%126.7%97.9%88.5%
Expected Move28.5%23.4%36.3%28.1%23.4%
HV 20d85.0%76.7%92.3%77.6%85.2%
HV 60d91.9%89.1%94.2%89.3%93.0%
IV Rank30.5%24.0%44.2%30.3%25.8%
IV Percentile70.4%54.4%92.5%74.2%57.1%
Term Structure-7.6%-13.6%-0.3%-0.3%-7.3%
VWIV98.3%48.3%120.7%120.7%80.6%
Skew 25d-13.7%-27.5%3.7%-27.5%-19.9%
Skew 10d-10.7%-39.6%12.4%-39.6%-13.2%
Call IV 25d98.8%86.3%119.4%119.4%88.7%
Put IV 25d85.1%68.8%106.0%91.8%68.8%
Bid-Ask Spread %37.7219.6075.8227.3656.87
Gamma HHI0.280.230.300.280.23
Net GEX161.7K74.5K221.8K201.4K74.5K
Net DEX-5.7M-8.7M-2.2M-7.9M-2.2M
Net VEX-45.2K-63.7K-25.8K-61.5K-25.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.023.150.150.86
Total Volume2,937.4295749,9371,7781,167
Total OI110,934.57195,400118,517111,769101,877

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$4.20$5.0097.9%28.1%77.6%30.3%120.7%-27.5%-0.3%201.4K-7.9M-61.5K0.1527.36N/AN/A1,546232100,40611,363
2025-03-04$4.13$5.00105.2%30.2%77.3%33.9%106.3%-19.8%-13.0%188.8K-6.9M-55.7K0.2430.05N/AN/A4,114980100,86711,425
2025-03-05$4.34$5.00109.4%31.4%76.7%35.9%110.1%-6.8%-12.5%221.8K-8.7M-63.7K0.2427.93N/AN/A707169102,09811,284
2025-03-06$3.96$5.00112.8%32.3%80.8%37.5%115.1%-19.7%-8.0%164.1K-5.2M-47.8K0.1027.01N/AN/A1,034100102,23811,395
2025-03-07$3.98$5.00120.7%34.6%81.4%41.3%114.9%-12.0%-12.2%170.0K-5.5M-49.5K0.6526.70N/AN/A1,191774102,31911,451
2025-03-10$3.63$5.00126.7%36.3%85.2%44.2%119.7%3.7%-12.0%130.5K-3.7M-41.3K0.4432.22N/AN/A1,611713102,60511,310
2025-03-11$3.85$5.0097.8%35.4%81.9%30.3%118.3%-22.2%-6.0%155.4K-4.9M-44.4K0.3531.65N/AN/A1,603561102,78410,921
2025-03-12$4.00$5.0097.8%35.8%84.8%30.3%118.2%-18.5%-9.0%175.5K-5.9M-49.2K0.0731.64N/AN/A2,539188103,72211,342
2025-03-13$4.00$4.0096.9%34.9%85.1%29.8%119.2%-15.8%-8.3%174.1K-5.4M-45.1K0.0731.60N/AN/A53836105,32711,253
2025-03-14$4.13$4.0098.1%32.6%86.3%30.4%118.9%-10.7%-13.6%196.2K-6.5M-49.5K0.0429.69N/AN/A1,23154105,36710,875
2025-03-17$4.21$4.0093.1%24.8%87.4%28.0%87.9%-9.1%-6.2%166.2K-7.1M-46.5K0.0923.49N/AN/A2,279208105,42610,857
2025-03-18$4.13$4.0093.4%24.3%86.5%28.2%85.9%-11.4%-8.3%199.5K-6.6M-47.7K0.1623.73N/AN/A1,775280105,86510,884
2025-03-19$4.36$4.0093.3%24.1%86.6%28.1%85.7%-3.6%-9.0%180.3K-8.0M-48.3K0.8519.60N/AN/A1,117955105,11410,364
2025-03-20$4.26$0.0093.0%26.1%86.3%28.0%48.3%-8.6%-0.3%170.0K-7.5M-47.1K0.5375.82N/AN/A3,1191,647105,67010,680
2025-03-21$3.76$3.0089.7%23.4%90.8%26.4%82.6%-19.1%-7.5%112.8K-2.8M-35.7K0.3457.42N/AN/A5,3951,846107,03811,479
2025-03-24$3.98$3.0095.3%25.0%92.3%29.1%88.0%-11.7%-5.5%140.2K-5.8M-42.0K0.0248.47N/AN/A9,70822987,3558,045
2025-03-25$3.95$3.0084.8%24.1%90.1%24.0%84.8%-9.6%-0.5%167.7K-6.2M-42.8K0.0535.41N/AN/A1,8338493,7108,159
2025-03-26$3.79$3.0086.6%24.5%87.1%24.9%88.8%-18.1%-1.5%152.7K-5.4M-38.5K0.0847.58N/AN/A1,1078693,4048,148
2025-03-27$3.73$3.0090.9%23.4%86.5%27.0%86.4%-22.1%-7.9%146.5K-5.1M-38.3K3.1548.78N/AN/A4241,33493,8208,163
2025-03-28$3.45$3.0092.0%23.5%89.4%27.5%83.6%-5.3%-11.0%107.2K-3.2M-29.1K0.1559.08N/AN/A6,24392993,9809,236
2025-03-31$3.38$3.0088.5%23.4%85.2%25.8%80.6%-19.9%-7.3%74.5K-2.2M-25.8K0.8656.87N/AN/A62953891,9609,917