PL Options History — January 2026

In January 2026, PL traded between $20.47 and $28.80. ATM implied volatility averaged 82.9%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 23.6%. IV traded below realized volatility by 0.8% (HV 20d: 83.7%). Max pain ranged from $10.00 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.30.

Notable Days

  • 2026-01-16: Highest Volume — 46,390 contracts
  • 2026-01-15: Largest IV spike — 18.9% change
  • 2026-01-20: Highest IV Rank — 51.5%
  • 2026-01-20: Largest Expected Move — 26.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.25$20.47$28.80$20.47$24.80
Max Pain$17.80$10.00$21.00$10.00$21.00
ATM IV82.9%71.0%91.0%72.0%80.0%
Expected Move23.6%20.8%26.1%20.8%23.8%
HV 20d83.7%63.2%120.9%120.9%74.8%
HV 60d89.3%87.5%92.0%90.2%91.0%
IV Rank41.2%26.7%51.5%27.9%38.6%
IV Percentile32.5%4.4%56.3%4.8%22.2%
Term Structure0.9%-9.0%15.4%2.7%-2.6%
VWIV83.1%73.1%92.3%73.1%87.9%
Skew 25d-4.0%-36.0%5.7%-0.7%-0.4%
Skew 10d-1.3%-34.7%14.7%5.8%-7.2%
Call IV 25d87.5%76.7%109.8%76.7%82.9%
Put IV 25d83.6%73.8%95.1%76.0%82.5%
Bid-Ask Spread %48.3635.9964.6450.4157.10
Gamma HHI0.120.100.210.100.10
Net GEX1.5M679.1K2.6M1.2M679.1K
Net DEX-256.5M-396.5M-176.7M-213.7M-176.7M
Net VEX-688.3K-820.3K-518.6K-522.4K-780.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.090.640.100.64
Total Volume19,527.058,16546,39016,88611,403
Total OI226,387.3200,519267,857224,043218,341

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$20.47$10.0072.0%20.8%120.9%27.9%73.1%-0.7%2.7%1.2M-213.7M-522.4K0.1050.41N/AN/A15,3441,542145,88178,162
2026-01-05$21.35$15.0083.8%22.7%119.6%40.9%79.2%2.3%3.2%1.4M-229.8M-518.6K0.2135.99N/AN/A15,7153,299144,08676,987
2026-01-06$21.74$15.0081.4%21.6%118.8%38.2%76.0%-1.2%2.4%1.8M-240.1M-535.7K0.0942.28N/AN/A14,7351,393147,38477,709
2026-01-07$22.59$15.0071.0%21.6%118.6%26.7%76.2%-0.2%15.4%1.9M-266.9M-589.0K0.1539.66N/AN/A14,2652,154153,00978,353
2026-01-08$22.52$15.0083.3%22.5%119.0%40.4%76.7%-36.0%1.9%2.1M-267.6M-596.4K0.2248.11N/AN/A12,1432,645155,43979,133
2026-01-09$22.64$15.0074.9%22.6%118.9%31.0%78.3%-8.8%11.3%2.6M-273.7M-595.7K0.1846.79N/AN/A13,5262,470158,75180,533
2026-01-12$25.40$15.0087.3%23.4%73.9%44.9%82.9%-5.8%-2.8%1.7M-316.7M-602.4K0.6142.10N/AN/A19,99312,248152,38778,753
2026-01-13$25.43$17.0079.0%21.3%72.9%35.6%77.2%-12.5%-7.7%1.8M-322.0M-612.7K0.6137.59N/AN/A12,8857,814154,92185,182
2026-01-14$26.61$18.0074.2%22.4%71.9%30.2%79.5%-2.2%10.7%1.8M-342.7M-636.4K0.1046.00N/AN/A21,5082,256158,07090,961
2026-01-15$28.47$18.0088.2%24.1%73.3%48.2%85.8%2.5%-9.0%1.5M-394.9M-688.1K0.3741.98N/AN/A29,29710,921164,56191,663
2026-01-16$28.80$18.0083.3%24.7%63.2%42.5%92.3%-3.7%0.3%929.0K-396.5M-750.4K0.1945.18N/AN/A38,8737,517169,31898,539
2026-01-20$27.82$20.0091.0%26.1%65.9%51.5%88.3%5.7%-1.5%1.5M-227.8M-783.1K0.3950.61N/AN/A10,8234,249126,63379,143
2026-01-21$26.23$20.0087.8%25.2%65.6%47.8%88.0%-3.8%-2.3%1.0M-193.7M-779.9K0.5744.49N/AN/A13,5317,693129,35381,354
2026-01-22$26.08$20.0086.7%24.8%64.2%46.4%86.5%-6.6%2.9%1.2M-197.7M-770.7K0.2854.99N/AN/A11,6813,277133,70181,629
2026-01-23$26.77$20.0083.4%24.3%64.3%42.6%85.1%-4.9%-5.9%1.3M-210.6M-789.6K0.2156.61N/AN/A11,2892,389137,12983,231
2026-01-26$25.69$21.0089.1%24.9%65.6%49.3%86.3%-2.9%-3.7%1.1M-191.7M-782.4K0.3151.99N/AN/A9,5853,010127,07173,448
2026-01-27$27.87$21.0086.0%24.5%65.7%45.6%87.3%1.7%0.6%1.7M-232.6M-811.8K0.2949.97N/AN/A17,0654,916131,10774,899
2026-01-28$27.68$21.0088.9%26.0%66.3%49.0%87.2%1.7%-1.1%1.8M-232.2M-820.3K0.2864.64N/AN/A6,3751,790137,46976,774
2026-01-29$26.09$21.0086.9%25.9%71.3%46.7%87.3%-3.5%4.0%1.3M-202.5M-799.7K0.2060.74N/AN/A7,4591,463139,04977,633
2026-01-30$24.80$21.0080.0%23.8%74.8%38.6%87.9%-0.4%-2.6%679.1K-176.7M-780.9K0.6457.10N/AN/A6,9424,461140,32278,019