PL Options History — February 2026

In February 2026, PL traded between $20.45 and $25.52. ATM implied volatility averaged 107.2%, placing in the 70.5% IV rank vs the trailing year. The 30-day expected move averaged 34.8%. IV traded above realized volatility by 19.0% (HV 20d: 88.2%). Max pain ranged from $21.00 to $24.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.48.

Notable Days

  • 2026-02-03: Highest Volume — 15,410 contracts
  • 2026-02-17: Largest IV spike — 16.0% change
  • 2026-02-19: Highest IV Rank — 99.3%
  • 2026-02-26: Largest Expected Move — 42.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.23$20.45$25.52$22.98$23.93
Max Pain$23.21$21.00$24.00$21.00$24.00
ATM IV107.2%84.3%131.9%87.5%128.3%
Expected Move34.8%25.2%42.3%25.2%40.3%
HV 20d88.2%79.9%97.8%80.3%85.6%
HV 60d94.1%92.5%95.4%92.5%95.4%
IV Rank70.5%43.6%99.3%47.4%95.1%
IV Percentile73.2%34.9%99.6%47.6%97.2%
Term Structure5.0%-17.5%37.0%-2.8%-9.7%
VWIV122.4%89.5%145.8%94.2%145.8%
Skew 25d-0.8%-12.3%7.0%-10.4%-1.0%
Skew 10d-1.5%-15.7%21.0%-14.6%-7.7%
Call IV 25d108.7%81.6%143.1%95.3%138.5%
Put IV 25d107.9%84.8%137.5%84.8%137.5%
Bid-Ask Spread %46.6329.9670.4563.1238.08
Gamma HHI0.100.090.120.100.09
Net GEX953.1K433.8K1.7M796.4K1.4M
Net DEX-157.1M-198.3M-111.7M-145.6M-170.2M
Net VEX-792.6K-823.1K-745.1K-745.1K-811.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.161.220.400.37
Total Volume9,238.4743,61815,41014,1529,339
Total OI210,568.211195,400228,444195,400213,948

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$22.98$21.0087.5%25.2%80.3%47.4%94.2%-10.4%-2.8%796.4K-145.6M-745.1K0.4063.12N/AN/A10,1304,022126,28469,116
2026-02-03$23.82$21.0087.1%26.0%79.9%46.9%89.5%-2.5%6.4%906.5K-156.8M-760.4K0.5967.49N/AN/A9,6915,719128,15670,269
2026-02-04$21.76$21.0090.0%27.0%86.6%50.3%92.1%-2.6%7.4%494.2K-127.7M-799.6K0.6570.45N/AN/A7,6384,995135,53874,743
2026-02-05$20.45$24.0090.7%32.6%88.1%51.1%115.6%-6.3%-2.9%433.8K-111.7M-759.2K0.5143.55N/AN/A6,4053,291135,97773,951
2026-02-06$22.13$24.0087.4%34.0%93.0%47.3%116.7%6.3%5.5%649.2K-134.3M-786.7K0.3543.77N/AN/A4,5431,595137,07174,670
2026-02-09$24.08$24.0084.5%32.6%97.8%43.9%111.9%3.4%27.5%1.0M-168.7M-816.4K0.8259.32N/AN/A6,9555,689131,71772,874
2026-02-10$22.93$24.0084.3%34.0%89.9%43.6%115.2%-1.9%33.8%863.2K-153.7M-806.8K0.3743.15N/AN/A2,632986134,42377,537
2026-02-11$21.69$24.0085.0%34.9%91.6%44.5%119.4%-4.0%37.0%516.2K-128.6M-786.6K0.1845.11N/AN/A4,414782135,40478,219
2026-02-12$21.34$23.0092.7%33.6%89.5%53.4%120.5%1.8%27.4%446.8K-119.2M-766.4K1.1545.99N/AN/A2,6913,085135,30678,510
2026-02-13$22.30$23.00101.8%34.5%87.1%64.1%120.7%2.6%27.4%667.0K-141.4M-782.8K0.2740.15N/AN/A4,8991,301135,67780,256
2026-02-17$22.33$23.00118.1%34.8%86.8%83.2%126.9%4.0%-4.3%734.5K-144.5M-766.2K1.2256.73N/AN/A4,7505,793131,63177,408
2026-02-18$23.77$23.00121.5%34.8%90.3%87.1%120.9%7.0%-5.9%1.1M-169.6M-793.7K0.3246.77N/AN/A9,1332,931133,76482,748
2026-02-19$24.83$23.00131.9%38.2%90.0%99.3%135.7%2.2%-7.5%1.3M-186.1M-810.5K0.1639.76N/AN/A12,0821,990135,88085,205
2026-02-20$24.09$23.00127.6%37.8%90.5%94.2%133.7%-5.3%-17.5%1.3M-182.8M-812.7K0.4141.17N/AN/A7,1862,954142,74285,702
2026-02-23$23.88$24.00129.8%39.3%89.8%96.8%139.5%0.8%-5.6%973.7K-170.3M-811.2K0.2936.62N/AN/A4,9591,455126,28975,807
2026-02-24$24.71$24.00131.9%40.0%89.8%99.3%142.0%-3.0%-9.0%1.3M-181.9M-807.3K0.3436.46N/AN/A4,6681,570128,70176,879
2026-02-25$24.81$24.00131.1%40.0%84.3%98.3%140.0%6.8%-5.1%1.4M-193.3M-813.7K0.2629.96N/AN/A5,8241,537130,47577,814
2026-02-26$25.52$24.00126.4%42.3%85.2%92.8%145.1%-12.3%-6.9%1.7M-198.3M-823.1K0.4138.30N/AN/A5,6172,280131,91378,192
2026-02-27$23.93$24.00128.3%40.3%85.6%95.1%145.8%-1.0%-9.7%1.4M-170.2M-811.6K0.3738.08N/AN/A6,8372,502133,97579,973