PPI Options History — February 2025

In February 2025, PPI traded between $14.53 and $15.45. ATM implied volatility averaged 100.0%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 23.5%. IV traded above realized volatility by 83.2% (HV 20d: 16.9%). Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-02-13: Highest Volume — 1 contracts
  • 2025-02-28: Largest IV spike — 487.2% change
  • 2025-02-06: Highest IV Rank — 100.0%
  • 2025-02-28: Largest Expected Move — 118.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.09$14.53$15.45$15.09$14.59
ATM IV100.0%57.0%412.2%74.4%412.2%
Expected Move23.5%15.1%118.2%21.3%118.2%
HV 20d16.9%14.6%18.8%18.1%14.9%
HV 60d18.1%17.2%20.0%20.0%17.4%
IV Rank26.6%10.9%100.0%25.9%100.0%
IV Percentile58.2%21.8%100.0%64.7%100.0%
Term Structure-25.8%-143.6%-14.6%-23.1%-143.6%
Skew 25d8.2%0.4%87.0%1.7%87.0%
Skew 10d37.6%2.1%352.9%20.2%104.3%
Call IV 25d93.8%67.4%295.3%100.9%295.3%
Put IV 25d102.1%68.7%382.3%102.6%382.3%
Bid-Ask Spread %180.84175.04200.00175.04200.00
Gamma HHI1.001.001.001.001.00
Net GEX603000
Net DEX-107-535000
Net VEX-0-1000
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0530100
Total OI0.2630100

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$15.09$0.0074.4%21.3%18.1%25.9%0.0%1.7%-23.1%0000.00175.040000
2025-02-04$15.23$0.0079.0%22.6%17.8%28.6%0.0%1.9%-25.7%0000.00175.820000
2025-02-05$15.29$0.0080.2%23.0%17.8%29.3%0.0%0.8%-27.0%0000.00176.730000
2025-02-06$15.29$0.00281.5%15.1%17.6%100.0%0.0%42.6%-14.6%0000.00186.350000
2025-02-07$15.23$0.0084.9%15.3%17.6%21.9%0.0%1.3%-15.3%0000.00180.680000
2025-02-10$15.34$0.0096.5%15.8%17.7%26.6%0.0%1.4%-15.3%0000.00181.570000
2025-02-11$15.34$0.00101.2%16.2%17.7%28.4%0.0%1.4%-17.2%0000.00181.100000
2025-02-12$15.21$0.0057.0%16.3%17.6%10.9%0.0%1.3%-17.5%0000.00181.230000
2025-02-13$15.26$0.0059.1%16.9%16.6%11.7%0.0%0.8%-17.8%0000.00180.241000
2025-02-14$15.29$0.0057.7%16.5%16.3%11.2%0.0%0.5%-18.7%28-507-10.00182.100010
2025-02-18$15.45$0.0060.8%17.4%16.6%12.4%0.0%0.4%-21.0%30-535-10.00181.100010
2025-02-19$15.41$0.0062.7%18.0%15.9%13.1%0.0%2.0%-22.1%30-51800.00180.820010
2025-02-20$15.27$0.0061.9%17.8%16.2%12.8%0.0%2.2%-17.1%30-46500.00179.940010
2025-02-21$14.82$0.0061.0%17.5%18.8%12.5%0.0%2.1%-15.2%0000.00177.500010
2025-02-24$14.75$0.0064.6%18.5%18.8%13.9%0.0%2.2%-16.9%0000.00179.280000
2025-02-25$14.62$0.0067.9%19.5%14.6%15.2%0.0%2.1%-19.7%0000.00178.560000
2025-02-26$14.72$0.0068.3%19.6%14.9%15.4%0.0%2.4%-20.6%0000.00179.800000
2025-02-27$14.53$0.0070.2%20.1%15.3%16.1%0.0%2.4%-22.9%0000.00178.110000
2025-02-28$14.59$0.00412.2%118.2%14.9%100.0%0.0%87.0%-143.6%0000.00200.000000