PL Options History — April 2025

In April 2025, PL traded between $2.95 and $3.63. ATM implied volatility averaged 87.1%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 25.3%. IV traded below realized volatility by 14.6% (HV 20d: 101.7%). Max pain ranged from $3.00 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2025-04-15: Highest Volume — 15,128 contracts
  • 2025-04-07: Largest IV spike — 20.3% change
  • 2025-04-10: Highest IV Rank — 30.0%
  • 2025-04-08: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.26$2.95$3.63$3.40$3.29
Max Pain$3.00$3.00$3.00$3.00$3.00
ATM IV87.1%73.7%97.1%91.1%90.3%
Expected Move25.3%22.6%31.0%22.6%25.9%
HV 20d101.7%76.7%114.7%85.4%107.3%
HV 60d95.1%89.8%104.1%92.8%90.1%
IV Rank25.0%18.7%30.0%27.1%25.4%
IV Percentile54.2%37.7%69.8%60.3%58.7%
Term Structure-0.9%-16.0%14.6%-16.0%-3.9%
VWIV87.7%79.3%105.6%79.3%90.4%
Skew 25d3.7%-18.1%32.0%-8.4%32.0%
Skew 10d25.1%-31.5%143.9%2.6%42.2%
Call IV 25d83.2%58.3%98.9%91.9%58.3%
Put IV 25d86.9%76.5%96.3%83.5%90.4%
Bid-Ask Spread %54.7333.7672.3758.8150.79
Gamma HHI0.270.180.390.220.39
Net GEX74.5K41.8K110.9K72.9K93.0K
Net DEX-2.8M-5.1M-1.3M-2.2M-4.0M
Net VEX-27.4K-34.4K-19.6K-25.6K-31.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.001.600.081.02
Total Volume2,131.71417115,128467819
Total OI104,089.8193,758122,952102,263100,304

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$3.40$3.0091.1%22.6%85.4%27.1%79.3%-8.4%-16.0%72.9K-2.2M-25.6K0.0858.81N/AN/A4333491,87910,384
2025-04-02$3.54$3.0086.3%24.2%84.6%24.7%83.4%-4.0%1.4%84.3K-2.6M-26.2K0.0147.38N/AN/A3,9692192,06810,406
2025-04-03$3.34$3.0080.2%23.6%81.1%21.8%90.2%-5.0%2.4%79.7K-2.6M-27.3K0.2059.14N/AN/A1432895,63510,405
2025-04-04$3.18$3.0073.7%24.6%82.2%18.7%91.2%3.7%14.6%51.0K-1.7M-23.2K0.7467.05N/AN/A1,18087795,73510,318
2025-04-07$3.22$3.0088.6%26.7%76.7%25.9%86.7%-4.3%0.3%56.8K-2.2M-26.1K0.1169.52N/AN/A1,21813095,71210,610
2025-04-08$2.95$3.0087.1%31.0%77.9%25.2%105.6%-18.1%-16.0%45.7K-1.4M-22.1K0.6570.63N/AN/A97963495,79810,650
2025-04-09$3.63$3.0086.1%24.7%109.5%24.6%87.2%6.5%-1.5%97.6K-3.7M-30.9K0.0469.91N/AN/A1,7287496,41810,904
2025-04-10$3.28$3.0097.1%27.8%114.7%30.0%94.5%9.2%-1.2%62.0K-2.4M-26.3K0.0863.14N/AN/A5394396,78210,893
2025-04-11$3.20$3.0089.1%25.5%113.7%26.1%87.7%-5.4%1.3%50.8K-1.7M-22.3K1.6046.98N/AN/A34655496,76410,822
2025-04-14$3.16$3.0083.9%24.1%113.1%23.6%83.6%1.3%3.1%41.8K-1.3M-19.6K0.9844.86N/AN/A54152896,83411,115
2025-04-15$3.25$3.0087.4%25.1%114.1%25.3%88.8%4.9%9.2%47.2K-1.7M-21.8K0.0172.37N/AN/A15,0319796,82311,618
2025-04-16$3.19$3.0089.8%25.8%111.4%26.5%86.1%0.4%6.5%82.9K-3.3M-31.1K0.0550.93N/AN/A1,33866110,79611,569
2025-04-17$3.24$3.0088.2%25.3%111.9%25.7%87.2%0.6%-5.1%88.1K-3.6M-30.9K0.3053.58N/AN/A759229111,55711,395
2025-04-21$2.96$3.0088.5%25.4%107.9%25.8%88.4%13.6%-2.9%71.6K-2.5M-27.9K0.3843.88N/AN/A1,57059485,6638,095
2025-04-22$3.05$3.0084.4%24.2%106.0%23.8%84.0%19.0%-9.0%71.3K-2.7M-27.6K0.0445.47N/AN/A6772586,0818,742
2025-04-23$3.13$3.0082.4%23.6%106.9%22.9%85.4%4.7%-5.7%76.7K-2.9M-28.3K0.9262.16N/AN/A1,05096486,2758,725
2025-04-24$3.33$3.0082.4%23.6%109.4%22.9%83.0%-0.6%7.1%90.6K-3.7M-30.8K0.0233.76N/AN/A8041986,3689,431
2025-04-25$3.38$3.0089.3%25.6%109.6%26.2%81.5%7.1%-1.4%94.8K-4.0M-31.1K0.0134.63N/AN/A1,0261086,4859,432
2025-04-28$3.38$3.0096.4%27.6%106.1%29.6%94.9%7.7%-11.8%95.7K-4.0M-30.6K0.0049.19N/AN/A4,8131486,7959,434
2025-04-29$3.44$3.0087.0%24.9%106.1%23.8%83.6%12.3%10.1%110.9K-5.1M-34.4K0.0655.17N/AN/A8105290,7209,446
2025-04-30$3.29$3.0090.3%25.9%107.3%25.4%90.4%32.0%-3.9%93.0K-4.0M-31.2K1.0250.79N/AN/A40541490,8509,454