PPI Options History — May 2024

In May 2024, PPI traded between $15.25 and $15.79. ATM implied volatility averaged 79.4%. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 67.3% (HV 20d: 12.1%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-05-14: Highest Volume — 1 contracts
  • 2024-05-15: Largest IV drop — 68.6% change
  • 2024-05-02: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.55$15.25$15.79$15.25$15.50
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV79.4%53.3%169.6%55.3%67.8%
Expected Move16.8%14.3%23.8%15.9%19.4%
HV 20d12.1%11.4%13.2%11.4%11.8%
HV 60d11.2%11.0%11.4%11.1%11.3%
Term Structure-7.8%-37.6%166.2%19.8%-18.8%
Skew 25d1.8%0.2%9.2%1.5%2.4%
Skew 10d19.6%9.2%39.7%32.5%20.6%
Call IV 25d76.4%60.6%105.3%102.0%89.9%
Put IV 25d78.2%64.0%110.7%103.5%92.3%
Bid-Ask Spread %185.76181.78189.47181.78186.05
Gamma HHI0.750.501.000.501.00
Net GEX15203760112
Net DEX-4.7K-8.4K00-3.5K
Net VEX-12-1500-11
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0910100
Total OI5.0450704

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$15.25$0.0055.3%15.9%11.4%0.0%0.0%1.5%19.8%0000.00181.780000
2024-05-02$15.29$15.0083.0%23.8%11.4%0.0%0.0%9.2%0.0%376-5.3K-150.00182.330060
2024-05-03$15.45$15.0082.0%23.5%11.4%0.0%0.0%5.4%-35.1%176-5.4K-150.00181.820060
2024-05-06$15.59$0.0092.0%14.4%12.0%0.0%0.0%3.4%-37.6%180-5.6K-150.00189.470060
2024-05-07$15.51$0.0095.6%14.4%12.0%0.0%0.0%1.4%-35.8%177-5.4K-150.00186.990060
2024-05-08$15.52$0.0098.1%14.4%11.9%0.0%0.0%0.2%-13.4%176-5.5K-150.00186.710060
2024-05-09$15.69$0.00104.7%14.3%12.6%0.0%0.0%0.5%-13.5%179-5.7K-140.00186.360060
2024-05-10$15.61$0.00110.8%14.4%12.0%0.0%0.0%0.3%-14.2%174-5.6K-140.00186.300060
2024-05-13$15.54$0.00146.9%15.1%12.1%0.0%0.0%0.3%-16.8%176-5.5K-140.00186.060060
2024-05-14$15.54$0.00169.6%15.2%11.7%0.0%0.0%0.3%-16.0%177-5.5K-130.00186.631060
2024-05-15$15.64$0.0053.3%15.3%11.8%0.0%0.0%0.3%-16.5%211-6.6K-140.00185.740070
2024-05-16$15.56$0.0054.2%15.6%11.8%0.0%0.0%0.3%166.2%215-6.5K-130.00186.370070
2024-05-17$15.71$0.0054.6%15.7%12.2%0.0%0.0%0.3%-12.9%112-8.4K-120.00186.511070
2024-05-20$15.79$0.0054.1%15.5%12.3%0.0%0.0%0.4%-12.2%112-3.8K-120.00186.100040
2024-05-21$15.78$0.0055.7%16.0%12.2%0.0%0.0%0.3%-12.7%112-3.8K-120.00186.530040
2024-05-22$15.59$0.0057.2%16.4%13.0%0.0%0.0%1.8%-13.3%112-3.6K-120.00185.960040
2024-05-23$15.51$0.0058.4%16.7%13.1%0.0%0.0%2.1%-14.4%114-3.5K-120.00185.360040
2024-05-24$15.61$0.0059.1%17.0%13.2%0.0%0.0%1.9%-15.4%112-3.6K-120.00186.250040
2024-05-28$15.62$0.0064.6%18.5%13.0%0.0%0.0%2.1%-19.0%119-3.6K-110.00186.100040
2024-05-29$15.38$0.0064.1%18.4%11.8%0.0%0.0%2.2%-15.6%111-3.4K-110.00185.340040
2024-05-30$15.41$0.0066.3%19.0%11.7%0.0%0.0%2.3%-16.4%111-3.4K-110.00186.050040
2024-05-31$15.50$0.0067.8%19.4%11.8%0.0%0.0%2.4%-18.8%112-3.5K-110.00186.050040