PPI Options History — April 2024

In April 2024, PPI traded between $15.33 and $16.18. ATM implied volatility averaged 37.4%. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 27.0% (HV 20d: 10.4%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-04-01: Highest Volume — 2 contracts
  • 2024-04-10: Largest IV drop — 40.2% change
  • 2024-04-30: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.76$15.33$16.18$15.91$15.33
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV37.4%29.6%49.5%38.5%40.5%
Expected Move9.9%8.0%11.6%11.0%11.6%
HV 20d10.4%9.5%12.6%9.5%12.6%
Term Structure-7.4%-15.9%63.3%-11.9%-15.9%
Skew 25d1.5%0.7%2.5%0.8%1.1%
Skew 10d7.5%2.6%11.8%2.6%3.0%
Call IV 25d41.6%32.3%51.3%49.3%50.9%
Put IV 25d43.1%33.8%52.6%50.1%52.0%
Bid-Ask Spread %153.47144.91159.51145.96154.60
Gamma HHI0.540.530.550.540.53
Net GEX277255310266310
Net DEX-6.2K-7.1K-5.2K-6.6K-5.2K
Net VEX-17-18-16-18-16
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0910220
Total OI66666

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$15.91$0.0038.5%11.0%0.0%0.0%0.0%0.8%-11.9%266-6.6K-180.00145.962060
2024-04-02$15.91$0.0039.6%11.3%0.0%0.0%0.0%0.7%-11.8%265-6.5K-180.00146.250060
2024-04-03$16.11$0.0040.0%11.5%0.0%0.0%0.0%1.3%-12.3%260-7.0K-170.00144.910060
2024-04-04$15.98$15.0040.6%8.0%0.0%0.0%0.0%0.9%-9.8%268-6.7K-170.00153.260060
2024-04-05$16.15$15.0042.7%8.2%0.0%0.0%0.0%2.5%-8.5%258-7.1K-160.00152.640060
2024-04-08$16.18$15.0049.2%8.6%0.0%0.0%0.0%2.5%-9.1%255-7.1K-160.00154.600060
2024-04-09$16.11$15.0049.5%8.3%0.0%0.0%0.0%1.7%-8.7%265-7.0K-170.00152.630060
2024-04-10$15.98$15.0029.6%8.5%0.0%0.0%0.0%1.7%-9.2%266-6.7K-170.00154.990060
2024-04-11$16.02$15.0030.3%8.7%9.5%0.0%0.0%1.4%-9.4%266-6.8K-170.00153.700060
2024-04-12$15.83$15.0030.2%8.7%10.6%0.0%0.0%0.8%-10.2%276-6.4K-170.00152.050060
2024-04-15$15.78$15.0031.6%9.1%10.4%0.0%0.0%1.4%-11.8%276-6.2K-170.00153.080060
2024-04-16$15.64$15.0034.5%9.9%10.6%0.0%0.0%2.2%-12.1%272-5.9K-170.00156.070060
2024-04-17$15.56$15.0034.1%9.8%10.5%0.0%0.0%1.7%-12.5%280-5.8K-170.00154.330060
2024-04-18$15.49$15.0034.5%9.9%10.3%0.0%0.0%1.3%63.3%282-5.6K-170.00159.510060
2024-04-19$15.44$15.0034.8%10.0%10.1%0.0%0.0%1.8%-9.0%281-5.5K-170.00155.790060
2024-04-22$15.46$15.0035.6%10.2%10.1%0.0%0.0%2.0%-9.3%288-5.5K-170.00154.720060
2024-04-23$15.55$15.0035.4%10.2%10.4%0.0%0.0%1.6%-9.2%289-5.7K-170.00154.700060
2024-04-24$15.54$15.0036.6%10.5%10.4%0.0%0.0%1.1%-10.1%288-5.7K-160.00156.080060
2024-04-25$15.51$15.0036.3%10.4%10.1%0.0%0.0%1.5%-10.0%296-5.6K-160.00153.510060
2024-04-26$15.58$15.0038.2%11.0%9.9%0.0%0.0%1.4%-12.0%290-5.8K-160.00156.920060
2024-04-29$15.66$15.0040.2%11.5%10.2%0.0%0.0%1.5%-13.5%292-6.0K-160.00156.040060
2024-04-30$15.33$15.0040.5%11.6%12.6%0.0%0.0%1.1%-15.9%310-5.2K-160.00154.600060