PPI Options History — July 2024

In July 2024, PPI traded between $14.84 and $15.54. ATM implied volatility averaged 68.2%. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 57.4% (HV 20d: 10.8%). Max pain ranged from $15.50 to $15.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days.

Notable Days

  • 2024-07-12: Highest Volume — 1 contracts
  • 2024-07-15: Largest IV spike — 76.9% change
  • 2024-07-30: Largest Expected Move — 22.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.11$14.84$15.54$14.84$15.36
Max Pain$15.50$15.50$15.50$15.50$15.50
ATM IV68.2%31.6%97.8%75.0%77.9%
Expected Move18.1%9.1%22.8%21.5%22.3%
HV 20d10.8%9.6%13.2%10.5%13.2%
HV 60d11.4%10.9%12.0%11.3%11.8%
Term Structure-18.8%-31.4%26.3%-25.6%-28.8%
Skew 25d0.9%0.1%2.3%1.0%0.2%
Skew 10d16.6%11.4%22.9%11.4%22.9%
Call IV 25d85.9%68.1%107.1%102.3%105.2%
Put IV 25d86.8%68.3%107.8%103.4%105.4%
Bid-Ask Spread %183.34180.07184.93180.07183.82
Gamma HHI0.920.521.001.001.00
Net GEX11141133113125
Net DEX-2.9K-3.2K-2.6K-2.8K-3.2K
Net VEX-7-8-5-8-5
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0450100
Total OI4.2274544

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$14.84$0.0075.0%21.5%10.5%0.0%0.0%1.0%-25.6%113-2.8K-80.00180.070040
2024-07-02$14.89$0.0077.1%22.1%10.4%0.0%0.0%0.5%-25.7%120-2.8K-80.00180.390040
2024-07-03$15.02$0.0078.8%22.6%10.1%0.0%0.0%0.8%-28.1%115-3.0K-80.00180.290040
2024-07-05$15.00$15.5083.6%14.7%10.0%0.0%0.0%0.1%-17.2%117-2.9K-80.00183.980040
2024-07-08$14.93$15.5092.0%15.3%10.1%0.0%0.0%0.2%-19.9%115-2.9K-80.00184.890040
2024-07-09$14.93$15.5097.8%15.7%9.8%0.0%0.0%0.1%-19.7%114-2.9K-80.00184.930040
2024-07-10$15.00$15.5055.5%15.9%9.8%0.0%0.0%0.5%-19.9%122-2.9K-80.00184.850040
2024-07-11$15.13$15.5055.9%16.0%10.0%0.0%0.0%0.1%-21.6%118-3.1K-80.00184.360040
2024-07-12$15.27$15.5031.6%9.1%10.5%0.0%0.0%0.6%26.3%133-3.1K-80.00184.350140
2024-07-15$15.32$15.5055.9%16.0%9.6%0.0%0.0%0.2%-21.9%91-2.6K-80.00183.000041
2024-07-16$15.54$15.5038.9%11.2%10.1%0.0%0.0%0.3%12.6%103-2.8K-80.00182.530041
2024-07-17$15.44$15.5059.7%17.1%10.5%0.0%0.0%1.5%-25.4%92-2.7K-70.00181.920041
2024-07-18$15.32$15.5060.1%17.2%11.0%0.0%0.0%1.7%-15.0%90-2.6K-70.00181.710041
2024-07-19$15.13$15.5063.4%18.2%11.9%0.0%0.0%1.6%-17.8%41-3.0K-70.00184.440041
2024-07-22$15.18$15.5066.1%18.9%11.5%0.0%0.0%1.8%-19.5%120-3.1K-60.00184.490040
2024-07-23$15.10$15.5067.7%19.4%11.3%0.0%0.0%1.7%-21.0%118-3.0K-60.00184.680040
2024-07-24$14.94$15.5067.9%19.5%11.6%0.0%0.0%1.7%-21.9%118-2.8K-60.00184.000040
2024-07-25$14.98$15.5069.3%19.9%11.2%0.0%0.0%2.3%-22.2%119-2.9K-60.00182.890040
2024-07-26$15.09$15.5070.6%20.3%11.4%0.0%0.0%2.0%-22.8%120-3.0K-60.00183.670040
2024-07-29$15.02$15.5076.5%21.9%11.5%0.0%0.0%0.4%-27.0%119-2.9K-50.00183.770040
2024-07-30$15.07$15.5079.5%22.8%11.5%0.0%0.0%0.2%-31.4%120-3.0K-50.00184.530040
2024-07-31$15.36$15.5077.9%22.3%13.2%0.0%0.0%0.2%-28.8%125-3.2K-50.00183.820040