PPI Options History — December 2024

In December 2024, PPI traded between $14.45 and $15.65. ATM implied volatility averaged 75.2%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded above realized volatility by 54.4% (HV 20d: 20.8%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days.

Notable Days

  • 2024-12-11: Largest IV drop — 43.6% change
  • 2024-12-09: Highest IV Rank — 42.0%
  • 2024-12-31: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.92$14.45$15.65$15.65$14.47
ATM IV75.2%56.6%102.1%71.4%86.8%
Expected Move19.5%15.0%24.9%20.5%24.9%
HV 20d20.8%18.0%23.5%23.0%18.0%
HV 60d16.8%15.4%17.8%15.4%17.7%
IV Rank26.4%15.6%42.0%24.2%33.1%
IV Percentile62.5%24.2%90.7%62.7%81.7%
Term Structure-20.4%-33.5%-11.4%-25.8%-33.5%
Skew 25d1.5%0.1%5.9%5.9%0.5%
Skew 10d16.6%2.5%33.4%33.4%18.6%
Call IV 25d86.7%68.1%109.1%95.6%109.1%
Put IV 25d88.2%68.3%109.6%101.5%109.6%
Bid-Ask Spread %179.39175.50182.69181.18175.97
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$15.65$0.0071.4%20.5%23.0%24.2%0.0%5.9%-25.8%0000.00181.180000
2024-12-03$15.45$0.0085.0%24.4%23.5%32.1%0.0%0.7%-31.7%0000.00181.260000
2024-12-04$15.41$0.0085.8%24.6%23.3%32.5%0.0%0.9%-32.6%0000.00180.310000
2024-12-05$15.29$0.0089.0%16.3%22.3%34.4%0.0%0.4%-15.3%0000.00182.690000
2024-12-06$15.52$0.0082.3%15.0%21.9%30.5%0.0%0.2%-11.4%0000.00181.310000
2024-12-09$15.16$0.00102.1%16.5%23.5%42.0%0.0%0.6%-14.4%0000.00181.180000
2024-12-10$15.02$0.00101.3%16.2%21.6%41.5%0.0%0.4%-12.1%0000.00182.500000
2024-12-11$15.10$0.0057.2%16.4%18.4%16.0%0.0%1.8%-12.3%0000.00182.250000
2024-12-12$14.97$0.0057.6%16.5%18.5%16.2%0.0%1.8%-15.2%0000.00181.610000
2024-12-13$15.16$0.0056.6%16.2%19.1%15.6%0.0%1.9%-11.8%0000.00182.530000
2024-12-16$15.11$0.0060.8%17.4%19.1%18.1%0.0%2.0%-17.0%0000.00181.750000
2024-12-17$14.93$0.0060.0%17.2%19.4%17.6%0.0%1.9%-14.8%0000.00180.690000
2024-12-18$14.45$0.0067.8%19.4%22.5%22.1%0.0%2.4%-18.5%0000.00176.830000
2024-12-19$14.45$0.0069.7%20.0%22.4%23.3%0.0%2.2%-19.9%0000.00178.780000
2024-12-20$14.54$0.0067.6%19.4%22.1%22.0%0.0%3.4%-19.0%0000.00175.590000
2024-12-23$14.52$0.0071.6%20.5%20.0%24.3%0.0%2.1%-21.7%0000.00175.980000
2024-12-24$14.62$0.0071.8%20.6%19.8%24.5%0.0%1.8%-22.0%0000.00176.890000
2024-12-26$14.61$0.0073.5%21.1%19.6%25.4%0.0%0.1%-23.8%0000.00176.660000
2024-12-27$14.47$0.0077.2%22.1%19.8%27.6%0.0%0.5%-25.2%0000.00175.500000
2024-12-30$14.45$0.0083.4%23.9%18.9%31.2%0.0%0.6%-30.0%0000.00175.770000
2024-12-31$14.47$0.0086.8%24.9%18.0%33.1%0.0%0.5%-33.5%0000.00175.970000