PPI Options History — August 2024

In August 2024, PPI traded between $14.32 and $15.34. ATM implied volatility averaged 94.6%. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 75.3% (HV 20d: 19.3%). Max pain ranged from $15.50 to $15.50. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 1 of 22 days.

Notable Days

  • 2024-08-14: Largest IV drop — 68.1% change
  • 2024-08-06: Largest Expected Move — 30.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.96$14.32$15.34$14.91$15.28
Max Pain$15.50$15.50$15.50$15.50$15.50
ATM IV94.6%56.0%202.3%82.0%70.9%
Expected Move19.4%15.8%30.9%23.5%20.3%
HV 20d19.3%12.6%20.8%17.0%12.6%
HV 60d14.5%13.1%14.8%13.1%14.5%
Term Structure-11.5%-37.4%171.5%-34.0%-21.5%
Skew 25d3.1%0.5%20.2%0.9%1.9%
Skew 10d24.1%12.2%36.8%17.6%29.8%
Call IV 25d85.6%69.8%119.0%110.0%92.6%
Put IV 25d88.7%71.3%139.1%110.9%94.5%
Bid-Ask Spread %183.04179.70200.00180.88180.47
Gamma HHI1.001.001.001.001.00
Net GEX5401291230
Net DEX-1.3K-2.9K0-2.8K0
Net VEX-2-50-50
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.1820440

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$14.91$15.5082.0%23.5%17.0%0.0%0.0%0.9%-34.0%123-2.8K-50.00180.880040
2024-08-02$14.54$15.5088.6%25.4%19.1%0.0%0.0%0.7%-37.4%112-2.4K-40.00183.240040
2024-08-05$14.32$0.00146.7%23.9%19.7%0.0%0.0%8.9%-24.7%77-2.6K-40.00195.880040
2024-08-06$14.48$0.00202.3%30.9%20.2%0.0%0.0%20.2%-33.3%61-2.9K-40.00200.000040
2024-08-07$14.48$0.00110.7%17.0%20.1%0.0%0.0%1.6%-19.0%112-2.4K-40.00179.880040
2024-08-08$14.72$0.00169.5%22.1%20.8%0.0%0.0%10.2%-20.1%82-2.9K-40.00194.350040
2024-08-09$14.74$0.00125.6%15.8%20.5%0.0%0.0%1.5%-13.1%116-2.6K-30.00181.180040
2024-08-12$14.82$0.00156.8%16.1%20.6%0.0%0.0%1.7%-15.7%128-2.6K-20.00181.600040
2024-08-13$14.89$0.00178.4%16.5%19.9%0.0%0.0%2.9%-19.7%120-2.7K-20.00179.910040
2024-08-14$14.89$0.0057.0%16.3%19.8%0.0%0.0%0.5%-17.7%121-2.7K-20.00181.330040
2024-08-15$15.09$0.0056.7%16.2%20.4%0.0%0.0%1.0%171.5%129-2.9K-10.00181.360040
2024-08-16$15.12$0.0056.0%16.1%19.9%0.0%0.0%0.5%-11.6%0000.00181.040040
2024-08-19$15.18$0.0059.9%17.2%19.9%0.0%0.0%0.5%-14.6%0000.00181.650000
2024-08-20$15.09$0.0058.9%16.9%19.9%0.0%0.0%0.6%-13.8%0000.00180.570000
2024-08-21$15.13$0.0061.2%17.6%19.6%0.0%0.0%2.0%-14.6%0000.00181.740000
2024-08-22$15.07$0.0062.4%17.9%19.6%0.0%0.0%2.0%-17.7%0000.00181.060000
2024-08-23$15.31$0.0063.6%18.2%20.2%0.0%0.0%2.2%-15.4%0000.00179.700000
2024-08-26$15.34$0.0067.2%19.3%20.1%0.0%0.0%2.5%-19.7%0000.00179.830000
2024-08-27$15.30$0.0067.1%19.2%20.2%0.0%0.0%1.7%-18.7%0000.00180.610000
2024-08-28$15.20$0.0068.0%19.5%19.1%0.0%0.0%1.6%-19.3%0000.00180.770000
2024-08-29$15.33$0.0071.7%20.6%15.9%0.0%0.0%1.9%-22.3%0000.00179.800000
2024-08-30$15.28$0.0070.9%20.3%12.6%0.0%0.0%1.9%-21.5%0000.00180.470000