PL Options History — August 2025

In August 2025, PL traded between $6.16 and $7.22. ATM implied volatility averaged 96.9%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 28.0%. IV traded above realized volatility by 48.5% (HV 20d: 48.4%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.14.

Notable Days

  • 2025-08-18: Highest Volume — 15,568 contracts
  • 2025-08-12: Largest IV spike — 11.6% change
  • 2025-08-29: Highest IV Rank — 31.4%
  • 2025-08-29: Largest Expected Move — 32.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.65$6.16$7.22$6.16$6.99
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV96.9%80.5%108.1%81.3%108.1%
Expected Move28.0%23.1%32.8%23.1%32.8%
HV 20d48.4%43.9%55.5%49.7%48.7%
HV 60d98.4%97.5%98.7%98.1%98.6%
IV Rank25.7%17.3%31.4%17.7%31.4%
IV Percentile64.8%27.4%86.5%31.7%86.5%
Term Structure-2.2%-9.3%16.0%3.4%-6.6%
VWIV101.2%85.1%121.8%85.1%116.0%
Skew 25d-13.2%-25.7%3.0%-6.6%-17.7%
Skew 10d-17.4%-38.4%23.5%-2.1%-26.9%
Call IV 25d104.5%65.9%124.6%65.9%122.5%
Put IV 25d91.3%59.3%105.6%59.3%104.9%
Bid-Ask Spread %43.9832.4767.6467.6436.77
Gamma HHI0.350.260.590.350.32
Net GEX534.8K354.3K790.2K392.5K733.5K
Net DEX-26.9M-39.3M-18.7M-18.7M-35.6M
Net VEX-88.4K-109.7K-73.4K-78.4K-107.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.010.500.050.24
Total Volume6,641.2381,81115,5686,1725,359
Total OI107,979.95291,871125,55199,616125,551

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$6.16$6.0081.3%23.1%49.7%17.7%85.1%-6.6%3.4%392.5K-18.7M-78.4K0.0567.64N/AN/A5,85831483,85915,757
2025-08-04$6.56$6.0087.4%25.8%55.2%20.8%86.5%-3.6%6.4%496.9K-23.4M-83.1K0.0344.48N/AN/A5,95117784,50515,526
2025-08-05$6.36$6.0086.1%25.4%55.5%20.1%94.0%-9.5%-3.6%456.9K-21.3M-79.6K0.0143.06N/AN/A8,66812885,00115,609
2025-08-06$6.33$6.0090.2%25.2%55.3%22.3%92.6%-25.7%-2.0%489.9K-21.2M-78.5K0.0651.62N/AN/A2,42415386,22615,689
2025-08-07$6.25$6.0084.4%25.0%55.3%19.3%90.5%3.0%12.3%455.0K-19.4M-74.7K0.0958.99N/AN/A2,10119586,29815,802
2025-08-08$6.36$6.0080.5%25.3%46.8%17.3%92.6%-3.8%16.0%473.6K-21.0M-76.3K0.1146.27N/AN/A2,63529286,36416,746
2025-08-11$6.41$6.0086.0%24.5%46.8%20.1%94.6%-19.2%-1.4%499.9K-21.1M-73.4K0.1450.89N/AN/A2,91440786,58716,638
2025-08-12$6.69$6.0096.0%26.7%47.3%25.2%94.3%-9.2%-4.7%630.4K-24.7M-76.7K0.0452.44N/AN/A6,96328186,77516,612
2025-08-13$6.78$6.0099.9%26.6%47.4%27.2%96.0%-14.0%-7.1%738.8K-27.0M-79.9K0.5053.53N/AN/A4,5002,26690,75516,617
2025-08-14$6.76$6.0098.7%26.6%45.0%26.6%92.0%-17.7%-5.4%790.2K-26.6M-79.5K0.0247.83N/AN/A7,60515690,48316,930
2025-08-15$6.83$6.00100.5%28.2%45.0%27.5%96.9%-13.2%-3.5%354.3K-26.7M-83.2K0.0449.94N/AN/A8,30335295,26516,803
2025-08-18$6.84$6.00100.7%28.6%43.9%27.6%104.6%-17.0%-4.3%394.8K-26.7M-87.0K0.0137.57N/AN/A15,37419477,27114,600
2025-08-19$6.41$6.0097.1%27.8%46.8%25.8%99.6%-17.4%-7.9%411.4K-23.6M-88.5K0.0735.22N/AN/A8,57358287,35814,705
2025-08-20$6.42$6.0098.4%28.2%46.0%26.4%104.0%-11.6%-1.1%446.0K-24.9M-92.6K0.0934.63N/AN/A6,84858891,88815,068
2025-08-21$6.42$6.00102.7%29.7%45.7%28.7%105.1%-11.8%-4.4%463.8K-25.7M-94.0K0.5036.82N/AN/A1,20960294,81515,360
2025-08-22$6.79$6.00106.6%31.1%49.3%30.6%113.8%-10.3%-6.4%505.1K-30.2M-98.0K0.1937.81N/AN/A7,1891,37194,90315,609
2025-08-25$7.08$6.00107.5%31.3%47.1%31.1%111.7%-17.2%-7.6%590.5K-35.7M-103.6K0.3732.47N/AN/A8,6933,24898,61415,719
2025-08-26$6.96$6.00107.5%32.2%46.7%31.1%116.3%-19.8%-4.8%600.8K-34.7M-105.9K0.1635.90N/AN/A2,911457102,18818,371
2025-08-27$7.08$6.00107.4%32.1%46.9%31.0%121.8%-15.6%-4.9%637.2K-36.5M-106.0K0.1435.81N/AN/A4,960703102,78418,585
2025-08-28$7.22$6.00107.8%31.8%46.9%31.3%117.1%-19.4%-9.3%669.6K-39.3M-109.7K0.0933.91N/AN/A7,304658104,40818,935
2025-08-29$6.99$6.00108.1%32.8%48.7%31.4%116.0%-17.7%-6.6%733.5K-35.6M-107.2K0.2436.77N/AN/A4,3341,025106,38819,163