PL Options History — November 2025

In November 2025, PL traded between $11.12 and $13.50. ATM implied volatility averaged 113.3%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 33.7%. IV traded above realized volatility by 44.0% (HV 20d: 69.3%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.29.

Notable Days

  • 2025-11-14: Highest Volume — 23,534 contracts
  • 2025-11-10: Largest IV spike — 30.3% change
  • 2025-11-17: Highest IV Rank — 43.8%
  • 2025-11-24: Largest Expected Move — 37.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.08$11.12$13.50$13.09$11.89
Max Pain$11.16$11.00$12.00$12.00$11.00
ATM IV113.3%83.3%132.5%83.3%113.5%
Expected Move33.7%21.4%37.7%21.4%37.0%
HV 20d69.3%65.9%77.5%66.2%68.2%
HV 60d103.1%100.1%105.1%100.1%103.8%
IV Rank34.0%18.6%43.8%18.6%34.1%
IV Percentile80.8%25.4%96.8%25.4%89.3%
Term Structure5.7%-20.2%41.4%26.3%-7.2%
VWIV116.3%78.1%130.8%78.1%127.2%
Skew 25d0.2%-22.2%16.2%2.1%-1.6%
Skew 10d0.0%-29.1%39.7%20.2%-6.8%
Call IV 25d117.5%72.0%146.5%83.5%114.5%
Put IV 25d117.7%85.5%146.7%85.5%112.9%
Bid-Ask Spread %63.0751.6181.2965.3772.16
Gamma HHI0.150.110.200.200.19
Net GEX500.6K142.8K959.6K787.8K711.4K
Net DEX-53.4M-77.9M-37.2M-67.7M-56.8M
Net VEX-339.1K-352.5K-328.8K-351.1K-347.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.090.860.160.37
Total Volume6,681.2632,62223,5346,3062,622
Total OI182,979.895149,596198,457186,624158,519

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$13.09$12.0083.3%21.4%66.2%18.6%78.1%2.1%26.3%787.8K-67.7M-351.1K0.1665.37N/AN/A5,430876119,22667,398
2025-11-04$12.86$12.0086.9%23.7%65.9%20.4%78.9%8.0%26.2%815.5K-67.5M-350.3K0.3078.39N/AN/A3,7031,095120,50168,053
2025-11-05$13.29$12.0092.9%26.3%67.6%23.5%89.7%0.8%33.2%849.4K-70.9M-352.5K0.1781.29N/AN/A3,677622120,94568,563
2025-11-06$12.38$11.0090.8%32.5%71.1%22.4%111.2%15.2%31.0%524.1K-54.6M-342.4K0.1756.44N/AN/A5,723949122,32769,021
2025-11-07$12.70$11.0095.6%33.0%69.9%24.9%115.0%-8.9%41.4%575.5K-57.7M-336.9K0.4059.98N/AN/A3,6131,447122,85969,515
2025-11-10$13.50$11.00124.5%33.6%72.5%39.7%117.0%-21.4%-14.3%959.6K-77.9M-345.9K0.1652.82N/AN/A7,9211,248118,93667,800
2025-11-11$12.40$11.00109.6%36.6%77.5%32.0%119.7%-22.2%19.0%580.9K-55.8M-330.3K0.3059.53N/AN/A5,1901,578121,95568,336
2025-11-12$12.42$11.00114.7%36.2%77.3%34.6%117.3%0.9%19.4%579.5K-59.0M-340.5K0.1358.33N/AN/A4,037532124,75169,465
2025-11-13$11.52$11.00131.0%36.6%68.6%43.0%126.2%-9.8%-4.0%142.8K-40.1M-331.4K0.3266.66N/AN/A12,1453,891126,39769,614
2025-11-14$11.43$11.00128.6%35.3%68.6%41.8%127.8%0.3%-2.8%310.0K-37.2M-336.7K0.4268.94N/AN/A16,5376,997126,95771,500
2025-11-17$11.12$11.00132.5%37.4%67.5%43.8%127.9%2.9%-20.2%152.2K-37.6M-338.1K0.6067.80N/AN/A3,5532,146125,13564,276
2025-11-18$11.55$11.00125.1%35.4%67.8%40.0%124.8%-1.5%-3.5%347.1K-46.7M-344.2K0.2856.70N/AN/A2,347663126,05762,579
2025-11-19$11.85$11.00120.9%34.7%68.0%37.8%122.0%4.7%2.1%533.8K-52.5M-343.4K0.2456.21N/AN/A2,503595126,56662,536
2025-11-20$11.13$11.00124.1%35.8%70.0%39.5%124.1%14.4%5.0%215.4K-43.1M-328.8K0.8651.61N/AN/A3,1932,737127,41962,815
2025-11-21$11.22$11.00121.5%35.6%66.9%38.2%130.8%1.0%-3.4%237.3K-39.3M-330.8K0.1859.28N/AN/A4,175737128,43163,580
2025-11-24$11.48$11.00123.5%37.7%67.8%39.2%127.6%16.2%-8.5%275.2K-45.5M-329.1K0.2055.82N/AN/A3,02760597,60051,996
2025-11-25$11.83$11.00119.7%36.0%68.2%37.2%124.1%2.8%-15.6%399.2K-51.1M-331.5K0.1866.90N/AN/A3,40961399,07952,442
2025-11-26$11.87$11.00114.2%36.1%68.2%34.4%121.0%0.3%-16.5%514.1K-54.5M-332.4K0.0964.03N/AN/A6,247561100,83752,632
2025-11-28$11.89$11.00113.5%37.0%68.2%34.1%127.2%-1.6%-7.2%711.4K-56.8M-347.1K0.3772.16N/AN/A1,914708105,76652,753