PL Options History — May 2025

In May 2025, PL traded between $3.40 and $3.98. ATM implied volatility averaged 78.0%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 15.6% (HV 20d: 62.3%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2025-05-14: Highest Volume — 4,869 contracts
  • 2025-05-13: Largest IV spike — 45.2% change
  • 2025-05-28: Highest IV Rank — 27.1%
  • 2025-05-28: Largest Expected Move — 27.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.73$3.40$3.98$3.40$3.84
Max Pain$3.81$3.00$4.00$3.00$4.00
ATM IV78.0%47.0%97.2%74.6%92.1%
Expected Move24.3%20.9%27.9%21.4%26.4%
HV 20d62.3%41.8%106.9%106.9%44.2%
HV 60d86.7%82.0%89.9%89.5%82.0%
IV Rank18.3%4.2%27.1%17.7%24.5%
IV Percentile39.8%2.4%69.8%32.5%58.7%
Term Structure-0.3%-14.0%34.2%17.3%-12.1%
VWIV86.5%76.1%99.2%80.4%92.6%
Skew 25d9.6%-7.8%36.6%29.0%3.9%
Skew 10d58.3%12.3%234.5%36.9%16.1%
Call IV 25d82.9%49.0%105.3%49.0%97.4%
Put IV 25d92.5%78.0%108.7%78.0%101.2%
Bid-Ask Spread %49.5817.8479.0034.2135.56
Gamma HHI0.420.360.480.370.42
Net GEX141.8K98.0K194.0K98.0K154.4K
Net DEX-6.1M-8.2M-4.7M-4.7M-6.1M
Net VEX-35.2K-43.9K-32.1K-32.1K-32.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.012.882.880.29
Total Volume1,637.8573474,869974768
Total OI103,372.81100,669108,410100,669101,853

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$3.40$3.0074.6%21.4%106.9%17.7%80.4%29.0%17.3%98.0K-4.7M-32.1K2.8834.21N/AN/A25172390,8739,796
2025-05-02$3.50$3.0076.3%21.9%105.3%18.6%80.5%12.1%34.2%113.4K-5.4M-33.7K0.6237.43N/AN/A2,0191,24390,9719,806
2025-05-05$3.50$4.0054.9%24.4%103.5%8.1%87.2%28.5%4.5%113.2K-5.4M-34.8K0.1363.29N/AN/A6057691,40811,031
2025-05-06$3.50$4.0057.6%20.9%103.5%9.4%87.1%36.6%31.1%111.6K-5.2M-33.6K0.4966.65N/AN/A45422491,70511,041
2025-05-07$3.45$4.0073.5%22.1%98.0%17.2%85.5%10.8%15.5%102.9K-4.8M-32.5K0.0479.00N/AN/A6712791,66311,256
2025-05-08$3.60$4.0056.3%22.6%65.6%8.8%76.1%4.5%6.5%129.9K-5.8M-34.8K2.8466.50N/AN/A8862,51691,61011,261
2025-05-09$3.54$4.0047.0%23.3%54.2%4.2%81.5%20.4%3.9%112.8K-5.0M-35.3K0.0247.03N/AN/A341691,84313,596
2025-05-12$3.73$4.0051.5%22.8%55.7%6.4%80.0%6.4%-1.4%140.6K-5.9M-36.2K0.0263.04N/AN/A1,4703491,92513,598
2025-05-13$3.79$4.0074.7%24.0%55.3%17.8%84.6%11.1%-7.3%151.5K-6.4M-36.4K0.1164.16N/AN/A1,36315591,86613,582
2025-05-14$3.90$4.0084.9%24.3%55.3%20.9%85.3%10.8%-6.8%166.5K-7.2M-37.6K0.0160.78N/AN/A4,8244592,71513,685
2025-05-15$3.88$3.0080.8%23.2%54.6%18.9%81.1%7.7%-2.3%194.0K-7.6M-39.9K0.0761.29N/AN/A1,1467994,60013,705
2025-05-16$3.92$3.0084.4%24.2%54.6%20.7%84.2%4.9%-7.3%188.1K-8.2M-43.9K0.0566.45N/AN/A4,05519394,72713,683
2025-05-19$3.80$4.0086.0%24.7%43.0%21.5%83.4%3.2%-5.4%146.9K-6.4M-36.0K0.0333.49N/AN/A1,4014290,86410,841
2025-05-20$3.87$4.0084.3%24.2%42.6%20.6%85.2%4.7%-4.1%149.9K-6.5M-35.5K0.2352.21N/AN/A89521090,65410,869
2025-05-21$3.71$4.0090.4%25.9%46.3%23.6%89.2%-0.9%-12.3%139.6K-5.5M-33.3K0.2444.08N/AN/A63615291,12710,958
2025-05-22$3.73$4.0089.3%25.6%41.8%23.1%91.0%1.2%-10.0%144.5K-5.8M-33.9K0.2656.70N/AN/A56514891,08411,049
2025-05-23$3.71$4.0093.5%26.8%41.8%25.2%92.9%-7.8%-9.8%142.0K-5.8M-34.9K0.4037.04N/AN/A47719191,28311,184
2025-05-27$3.96$4.0095.3%27.3%46.9%26.1%95.8%14.2%-14.0%159.0K-7.1M-35.0K0.8636.65N/AN/A1,2201,04491,58511,264
2025-05-28$3.98$4.0097.2%27.9%46.8%27.1%99.2%2.1%-12.6%160.6K-7.3M-34.4K0.1217.86N/AN/A2,26826791,88910,685
2025-05-29$3.96$4.0093.1%26.7%42.9%25.0%94.6%-1.5%-13.9%158.6K-7.0M-33.7K0.4717.84N/AN/A48022590,85210,842
2025-05-30$3.84$4.0092.1%26.4%44.2%24.5%92.6%3.9%-12.1%154.4K-6.1M-32.7K0.2935.56N/AN/A59417490,98210,871