PPI Options History — September 2024

In September 2024, PPI traded between $14.55 and $15.56. ATM implied volatility averaged 74.0%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 59.0% (HV 20d: 15.0%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2024-09-26: Largest IV spike — 50.9% change
  • 2024-09-26: Highest IV Rank — 43.0%
  • 2024-09-26: Largest Expected Move — 29.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.08$14.55$15.56$14.91$15.48
ATM IV74.0%57.8%105.1%76.0%79.7%
Expected Move19.1%15.6%29.8%21.8%22.8%
HV 20d15.0%14.4%16.2%14.6%15.0%
HV 60d15.6%15.3%15.9%15.3%15.8%
IV Rank25.4%18.9%43.0%18.9%29.0%
IV Percentile65.8%49.2%90.8%49.2%75.9%
Term Structure-17.2%-36.1%-9.2%-26.7%-28.6%
Skew 25d2.1%0.1%6.3%0.7%0.4%
Skew 10d24.2%9.5%53.8%28.9%24.6%
Call IV 25d85.6%70.7%127.3%104.6%99.1%
Put IV 25d87.7%72.4%133.6%105.3%99.5%
Bid-Ask Spread %181.76176.06190.56178.59176.06
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$14.91$0.0076.0%21.8%14.6%0.0%0.0%0.7%-26.7%0000.00178.590000
2024-09-04$14.79$0.0082.7%23.7%14.6%0.0%0.0%0.7%-32.8%0000.00180.100000
2024-09-05$14.76$0.0083.3%15.6%14.6%0.0%0.0%1.7%-9.2%0000.00186.540000
2024-09-06$14.55$0.0087.8%16.0%14.4%0.0%0.0%1.6%-10.3%0000.00185.110000
2024-09-09$14.64$0.00100.1%16.6%14.6%0.0%0.0%1.5%-10.1%0000.00185.740000
2024-09-10$14.59$0.00105.1%17.2%14.5%0.0%0.0%0.1%-10.4%0000.00186.120000
2024-09-11$14.64$0.0059.4%17.0%14.4%0.0%0.0%1.5%-10.3%0000.00185.250000
2024-09-12$14.79$0.0057.9%16.6%14.9%0.0%0.0%1.9%-11.4%0000.00181.170000
2024-09-13$14.95$0.0057.8%16.6%14.6%0.0%0.0%2.2%-10.5%0000.00186.220000
2024-09-16$15.06$0.0059.5%17.0%14.9%0.0%0.0%1.9%-12.6%0000.00180.790000
2024-09-17$15.10$0.0061.8%17.7%14.8%0.0%0.0%2.6%-13.7%0000.00180.470000
2024-09-18$15.11$0.0060.5%17.4%14.7%0.0%0.0%2.2%-11.7%0000.00179.210000
2024-09-19$15.41$0.0062.2%17.8%16.2%18.9%0.0%3.6%-13.8%0000.00179.820000
2024-09-20$15.39$0.0064.1%18.4%16.2%20.0%0.0%3.0%-16.1%0000.00180.250000
2024-09-23$15.45$0.0066.9%19.2%15.3%21.6%0.0%3.6%-18.0%0000.00180.360000
2024-09-24$15.56$0.0069.1%19.8%15.4%22.9%0.0%4.8%-18.4%0000.00180.030000
2024-09-25$15.47$0.0068.8%19.7%15.6%22.7%0.0%0.4%-19.8%0000.00176.190000
2024-09-26$15.47$0.00103.9%29.8%15.3%43.0%0.0%6.3%-36.1%0000.00190.560000
2024-09-27$15.48$0.0072.9%20.9%15.1%25.1%0.0%1.9%-24.2%0000.00176.660000
2024-09-30$15.48$0.0079.7%22.8%15.0%29.0%0.0%0.4%-28.6%0000.00176.060000