PL Options History — July 2025

In July 2025, PL traded between $6.11 and $6.96. ATM implied volatility averaged 83.7%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 23.5%. IV traded above realized volatility by 4.0% (HV 20d: 79.7%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.16.

Notable Days

  • 2025-07-21: Highest Volume — 33,176 contracts
  • 2025-07-09: Largest IV drop — 14.4% change
  • 2025-07-07: Highest IV Rank — 31.8%
  • 2025-07-01: Largest Expected Move — 27.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.55$6.11$6.96$6.24$6.21
Max Pain$5.73$4.00$6.00$4.00$6.00
ATM IV83.7%68.3%106.7%95.3%77.3%
Expected Move23.5%21.4%27.3%27.3%21.8%
HV 20d79.7%61.6%154.9%150.9%64.6%
HV 60d100.1%97.2%110.0%108.5%98.1%
IV Rank19.5%11.1%31.8%26.1%15.7%
IV Percentile38.3%9.1%83.7%63.1%24.6%
Term Structure3.5%-8.7%17.1%-5.1%14.5%
VWIV84.8%73.1%108.1%108.1%82.6%
Skew 25d-10.7%-21.6%13.2%-20.5%-5.5%
Skew 10d-16.9%-48.6%26.4%-48.6%-11.1%
Call IV 25d89.1%57.6%114.5%114.5%67.3%
Put IV 25d78.3%61.8%94.0%94.0%61.8%
Bid-Ask Spread %48.4611.6672.2531.0472.25
Gamma HHI0.270.170.340.200.34
Net GEX495.2K269.9K800.1K526.9K406.1K
Net DEX-32.3M-47.4M-19.1M-32.7M-19.7M
Net VEX-82.1K-102.6K-70.0K-76.4K-78.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.030.560.040.14
Total Volume11,073.7274,75433,17626,9236,727
Total OI130,360.81876,052162,487138,40297,780

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$6.24$4.0095.3%27.3%150.9%26.1%108.1%-20.5%-5.1%526.9K-32.7M-76.4K0.0431.04N/AN/A25,8121,111122,35316,049
2025-07-02$6.11$4.0093.3%26.8%151.7%25.1%102.8%-20.0%-8.5%587.8K-34.5M-88.5K0.1811.66N/AN/A5,7901,040135,74416,408
2025-07-03$6.83$5.00104.4%26.6%154.9%30.7%93.3%-15.4%-6.5%764.7K-47.1M-102.6K0.0644.73N/AN/A12,888828137,20217,114
2025-07-07$6.78$5.00106.7%27.2%67.2%31.8%95.4%-21.6%-7.8%754.7K-45.1M-91.0K0.3647.40N/AN/A3,5011,253139,04817,324
2025-07-08$6.92$6.0099.9%25.3%66.9%28.5%89.0%-19.3%1.2%800.1K-47.4M-92.0K0.4431.92N/AN/A5,6012,447140,47818,095
2025-07-09$6.80$6.0085.6%24.5%67.2%21.2%87.2%-10.6%1.8%706.2K-43.2M-85.0K0.5642.08N/AN/A3,8822,174139,93318,657
2025-07-10$6.71$6.0085.4%24.5%65.2%21.1%77.3%-9.9%0.4%682.9K-41.5M-87.1K0.0940.53N/AN/A5,624483140,24719,703
2025-07-11$6.17$6.0077.6%22.2%72.3%17.2%80.1%-13.8%5.8%499.5K-31.7M-77.5K0.0950.41N/AN/A11,2901,035140,44119,817
2025-07-14$6.22$6.0078.6%22.5%72.3%17.7%83.5%-8.6%4.3%482.2K-31.5M-72.1K0.0657.78N/AN/A5,975358138,43620,156
2025-07-15$6.46$6.0076.6%22.0%72.1%15.3%83.1%-13.9%1.4%269.9K-36.1M-70.0K0.0753.01N/AN/A6,282469138,95320,228
2025-07-16$6.42$6.0075.2%21.5%72.2%14.6%79.3%-17.9%3.7%335.6K-35.8M-71.7K0.1047.46N/AN/A4,497428141,15920,323
2025-07-17$6.70$6.0080.0%22.9%70.5%17.1%80.6%-16.9%10.5%306.6K-38.7M-73.2K0.0651.65N/AN/A7,928447141,17620,520
2025-07-18$6.78$6.0076.6%21.9%70.5%15.3%73.1%-8.8%10.2%335.9K-39.1M-75.0K0.0842.49N/AN/A6,270531141,86720,620
2025-07-21$6.96$6.0082.4%23.6%69.0%18.3%86.7%-14.7%7.4%354.6K-24.6M-78.5K0.0350.78N/AN/A32,32585163,86712,185
2025-07-22$6.64$6.0080.5%23.1%70.8%17.3%83.1%-21.1%8.7%438.0K-24.5M-86.5K0.0341.42N/AN/A18,48455277,22312,861
2025-07-23$6.78$6.0082.6%23.7%69.9%18.3%88.1%-19.5%8.6%447.0K-26.1M-88.0K0.4356.06N/AN/A8,4413,61977,64013,067
2025-07-24$6.86$6.0085.7%22.6%69.3%20.0%81.0%5.9%-2.7%483.6K-27.0M-89.2K0.3651.95N/AN/A6,1142,18178,85913,291
2025-07-25$6.67$6.0080.8%21.9%61.6%17.4%78.0%-8.3%-8.7%471.1K-24.5M-85.0K0.0651.36N/AN/A12,53579078,55413,484
2025-07-28$6.33$6.0073.5%21.9%64.8%13.7%78.4%8.1%16.5%431.9K-20.7M-79.6K0.0456.68N/AN/A13,99749080,51013,892
2025-07-29$6.19$6.0068.3%21.4%65.4%11.1%75.0%3.2%17.1%403.4K-19.1M-78.0K0.0862.14N/AN/A12,0811,01881,46114,135
2025-07-30$6.24$6.0075.8%21.8%65.1%14.9%80.3%13.2%4.9%404.9K-19.8M-79.8K0.0771.35N/AN/A5,12235182,17814,900
2025-07-31$6.21$6.0077.3%21.8%64.6%15.7%82.6%-5.5%14.5%406.1K-19.7M-78.6K0.1472.25N/AN/A5,88084782,68615,094