PPI Options History — January 2025

In January 2025, PPI traded between $14.56 and $15.73. ATM implied volatility averaged 83.3%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 67.2% (HV 20d: 16.1%). Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-01-14: Highest Volume — 1 contracts
  • 2025-01-15: Largest IV drop — 67.2% change
  • 2025-01-14: Highest IV Rank — 83.3%
  • 2025-01-02: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.13$14.56$15.73$14.56$15.21
ATM IV83.3%56.6%173.5%86.9%71.1%
Expected Move17.7%14.5%24.9%24.9%20.4%
HV 20d16.1%11.0%19.0%18.1%17.8%
HV 60d18.6%17.8%19.9%17.8%19.9%
IV Rank31.1%15.6%83.3%33.2%24.1%
IV Percentile58.4%21.5%98.5%81.8%59.9%
Term Structure-9.8%-36.0%166.7%-36.0%-20.8%
Skew 25d1.3%0.1%2.4%0.4%0.7%
Skew 10d18.3%14.2%21.8%20.1%19.8%
Call IV 25d81.2%66.8%117.4%115.1%93.0%
Put IV 25d82.5%68.4%118.0%115.5%93.7%
Bid-Ask Spread %176.38175.17177.71176.03175.46
Gamma HHI1.001.001.001.001.00
Net GEX302800
Net DEX-185-1.5K000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.10100
Total OI0.150100

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$14.56$0.0086.9%24.9%18.1%33.2%0.0%0.4%-36.0%0000.00176.030000
2025-01-03$14.75$0.0085.2%24.4%18.9%32.2%0.0%0.6%-35.3%0000.00176.440000
2025-01-06$14.84$0.0093.4%14.5%19.0%37.0%0.0%1.6%-16.2%0000.00176.800000
2025-01-07$14.75$0.0098.2%14.5%18.1%39.7%0.0%1.4%-16.2%0000.00175.710000
2025-01-08$14.72$0.00106.3%15.4%16.3%44.4%0.0%1.3%-18.0%0000.00176.980000
2025-01-10$14.71$0.00120.5%15.6%16.0%52.6%0.0%1.4%-19.8%0000.00176.380000
2025-01-13$14.73$0.00157.2%16.0%15.9%73.9%0.0%1.5%-20.1%0000.00177.170000
2025-01-14$14.93$0.00173.5%15.9%16.4%83.3%0.0%2.4%-19.8%0000.00176.871000
2025-01-15$15.18$0.0057.0%16.3%16.9%15.9%0.0%1.1%-21.3%28-1.1K00.00177.710010
2025-01-16$15.31$0.0056.8%16.3%17.1%15.7%0.0%0.5%166.7%28-1.1K00.00176.871010
2025-01-17$15.41$0.0058.7%16.8%16.5%16.9%0.0%0.3%-12.5%0-1.5K00.00176.500010
2025-01-21$15.61$0.0056.6%16.2%11.0%15.6%0.0%0.1%-11.9%0000.00176.080000
2025-01-22$15.63$0.0058.2%16.7%11.0%16.6%0.0%1.5%-13.8%0000.00176.970000
2025-01-23$15.73$0.0057.6%16.5%11.0%16.2%0.0%1.8%-14.0%0000.00175.830000
2025-01-24$15.70$0.0058.0%16.6%11.0%16.4%0.0%1.7%-12.3%0000.00176.390000
2025-01-27$15.15$0.0065.4%18.7%17.8%20.7%0.0%1.5%-17.6%0000.00175.170000
2025-01-28$15.11$0.0066.0%18.9%17.8%21.1%0.0%2.4%-16.6%0000.00176.150000
2025-01-29$15.18$0.0068.1%19.5%17.3%22.3%0.0%1.6%-19.3%0000.00176.030000
2025-01-30$15.32$0.0070.9%20.3%17.4%23.9%0.0%1.9%-21.2%0000.00176.160000
2025-01-31$15.21$0.0071.1%20.4%17.8%24.1%0.0%0.7%-20.8%0000.00175.460000