PPI Options History — August 2025

In August 2025, PPI traded between $16.94 and $17.43. ATM implied volatility averaged 47.4%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 36.5% (HV 20d: 10.9%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-08-15: Highest Volume — 1 contracts
  • 2025-08-13: Largest IV drop — 64.1% change
  • 2025-08-12: Highest IV Rank — 15.7%
  • 2025-08-01: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.13$16.94$17.43$16.94$17.19
Max Pain$17.60$17.00$18.00$18.00$17.00
ATM IV47.4%31.5%91.0%47.2%40.4%
Expected Move10.3%9.0%13.5%13.5%11.6%
HV 20d10.9%8.8%12.7%10.2%12.2%
HV 60d10.5%10.0%11.3%10.5%10.6%
IV Rank4.2%0.1%15.7%4.2%2.4%
IV Percentile22.0%0.4%86.1%17.5%15.1%
Term Structure-8.1%-17.1%1.4%-17.1%-10.5%
VWIV26.2%15.3%37.0%15.3%37.0%
Skew 25d2.4%1.0%4.3%1.8%1.3%
Skew 10d18.4%3.0%32.4%4.0%3.0%
Call IV 25d42.3%36.1%60.6%60.6%49.7%
Put IV 25d44.7%39.0%62.3%62.3%51.0%
Bid-Ask Spread %164.90146.67168.29146.67165.33
Gamma HHI0.800.501.001.000.50
Net GEX3901190119
Net DEX-487-1.7K00-1.6K
Net VEX-1-300-3
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0950100
Total OI0.6670202

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$16.94$0.0047.2%13.5%10.2%4.2%0.0%1.8%-17.1%0000.00146.670000
2025-08-04$17.13$0.0053.9%9.3%10.2%6.0%0.0%4.0%-6.8%0000.00167.550000
2025-08-05$17.14$0.0054.3%9.0%10.1%6.1%0.0%2.9%-5.3%0000.00166.650000
2025-08-06$17.08$0.0058.5%9.6%9.7%7.2%0.0%2.7%-7.2%0000.00167.530000
2025-08-07$17.08$0.0060.8%9.2%9.4%7.8%0.0%2.9%-6.7%0000.00166.190000
2025-08-08$17.05$0.0065.1%9.2%9.4%8.9%0.0%2.9%-6.0%0000.00167.170000
2025-08-11$16.97$0.0084.6%9.4%9.4%14.0%0.0%2.8%-7.5%0000.00167.780000
2025-08-12$17.11$0.0091.0%9.1%8.8%15.7%0.0%2.0%-7.1%0000.00165.590000
2025-08-13$17.23$0.0032.7%9.4%9.0%0.4%0.0%1.3%-8.4%0000.00166.440000
2025-08-14$17.16$0.0034.4%9.9%9.0%0.9%0.0%2.3%-6.2%0000.00168.290000
2025-08-15$17.43$0.0033.2%9.5%10.3%0.5%15.3%3.9%-4.3%0000.00167.341000
2025-08-18$17.13$18.0037.7%10.8%12.4%1.7%0.0%1.1%-11.9%55-633-20.00162.930010
2025-08-19$16.97$18.0039.1%11.2%12.7%2.1%0.0%1.0%-14.9%50-603-20.00161.420010
2025-08-20$16.95$18.0031.5%9.0%12.3%0.1%0.0%4.3%1.4%69-411-20.00157.120010
2025-08-21$16.98$18.0036.7%10.5%12.3%1.4%0.0%3.6%-6.7%52-586-20.00168.220010
2025-08-22$17.15$18.0037.1%10.6%12.3%1.5%0.0%2.3%-8.5%56-638-20.00167.280010
2025-08-25$17.20$18.0037.7%10.8%12.1%1.7%37.0%1.3%-9.2%57-651-20.00165.741010
2025-08-26$17.24$17.0039.1%11.2%12.0%2.1%0.0%3.1%-9.5%118-1.7K-30.00164.930020
2025-08-27$17.27$17.0039.9%11.5%12.0%2.3%0.0%2.0%-8.9%117-1.7K-30.00167.250020
2025-08-28$17.34$17.0039.9%11.5%12.0%2.3%0.0%2.1%-9.6%118-1.7K-30.00165.540020
2025-08-29$17.19$17.0040.4%11.6%12.2%2.4%0.0%1.3%-10.5%119-1.6K-30.00165.330020