PPI Options History — November 2025 In November 2025, PPI traded between $17.85 and $18.90. ATM implied volatility averaged 39.6%, placing in the 2.2% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 19.7% (HV 20d: 19.8%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.00.
Notable Days 2025-11-24 : Highest Volume — 1 contracts2025-11-12 : Largest IV drop — 40.0% change2025-11-11 : Highest IV Rank — 5.5%2025-11-04 : Largest Expected Move — 13.2%Monthly Statistics Metric Avg Min Max Open Close Price $18.43 $17.85 $18.90 $18.81 $18.56 Max Pain $20.50 $19.00 $22.00 $22.00 $19.00 ATM IV 39.6% 31.2% 52.0% 41.0% 37.9% Expected Move 10.3% 8.7% 13.2% 11.8% 10.9% HV 20d 19.8% 17.1% 22.9% 21.3% 19.2% HV 60d 16.5% 15.1% 17.5% 15.1% 17.5% IV Rank 2.2% 0.0% 5.5% 2.6% 1.8% IV Percentile 21.5% 0.0% 44.0% 26.2% 22.2% Term Structure -8.3% -14.7% -0.7% -13.0% -10.9% VWIV 23.7% 17.7% 29.8% 17.7% 29.8% Skew 25d 3.4% -0.2% 13.2% 1.8% 2.7% Skew 10d 5.5% 2.5% 23.1% 4.2% 3.2% Call IV 25d 41.3% 34.8% 51.7% 50.2% 46.0% Put IV 25d 44.8% 38.4% 57.3% 52.0% 48.7% Bid-Ask Spread % 154.80 141.76 161.78 142.35 159.92 Gamma HHI 0.52 0.34 0.67 0.52 0.36 Net GEX 261 177 364 286 328 Net DEX -3.1K -4.6K -2.2K -3.4K -4.6K Net VEX -16 -20 -12 -17 -19 Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.00 0.00 0.00 0.00 0.00 Total Volume 0.105 0 1 0 0 Total OI 6.053 5 7 6 7
Daily Data (19 trading days) Date Price Max Pain ATM IV Exp Move HV 20d IV Rank VWIV Skew 25d Term Str GEX DEX VEX P/C Spread % Call Vol Put Vol Call OI Put OI 2025-11-03 $18.81 $22.00 41.0% 11.8% 21.3% 2.6% 0.0% 1.8% -13.0% 286 -3.4K -17 0.00 142.35 0 0 6 0 2025-11-04 $18.41 $22.00 46.0% 13.2% 22.7% 3.9% 0.0% 2.4% -13.6% 260 -2.6K -15 0.00 141.90 0 0 6 0 2025-11-05 $18.63 $22.00 42.8% 12.3% 22.6% 3.0% 0.0% 6.4% -13.8% 205 -4.3K -20 0.00 141.76 0 0 6 0 2025-11-06 $18.42 $0.00 48.0% 9.4% 22.9% 4.4% 0.0% 2.9% -7.7% 259 -2.7K -15 0.00 153.04 0 0 6 0 2025-11-07 $18.55 $0.00 45.6% 9.0% 21.0% 3.8% 0.0% 3.8% -2.8% 268 -2.8K -16 0.00 156.66 0 0 6 0 2025-11-10 $18.89 $0.00 50.5% 8.7% 19.3% 5.1% 0.0% 3.3% -0.7% 296 -3.5K -17 0.00 159.37 0 0 6 0 2025-11-11 $18.80 $0.00 52.0% 8.8% 19.4% 5.5% 0.0% 3.0% -2.7% 274 -3.5K -17 0.00 161.02 0 0 6 0 2025-11-12 $18.90 $0.00 31.2% 8.9% 19.2% 0.0% 0.0% 2.3% -1.6% 294 -3.5K -17 0.00 161.78 0 0 6 0 2025-11-13 $18.47 $0.00 33.7% 9.6% 20.8% 0.6% 0.0% 1.0% -14.7% 289 -2.2K -12 0.00 149.37 0 0 6 0 2025-11-14 $18.45 $0.00 33.6% 9.6% 20.0% 0.6% 0.0% 3.0% -6.7% 260 -2.6K -14 0.00 159.34 0 0 6 0 2025-11-17 $18.14 $0.00 34.5% 9.9% 19.8% 0.9% 0.0% 1.9% -10.6% 231 -2.2K -13 0.00 156.84 0 0 6 0 2025-11-18 $18.23 $0.00 35.5% 10.2% 18.5% 1.1% 0.0% 3.6% -9.0% 242 -2.2K -13 0.00 156.95 0 0 6 0 2025-11-19 $18.19 $0.00 36.8% 10.6% 18.4% 1.5% 0.0% 2.3% -11.4% 236 -2.2K -13 0.00 157.55 0 0 6 0 2025-11-20 $17.88 $0.00 34.1% 9.8% 18.7% 0.8% 0.0% -0.2% -7.4% 197 -3.1K -16 0.00 151.09 0 0 6 0 2025-11-21 $17.85 $0.00 37.3% 10.7% 17.1% 1.6% 0.0% 4.7% -6.3% 177 -3.2K -16 0.00 156.04 0 0 6 0 2025-11-24 $18.12 $0.00 37.1% 10.6% 18.2% 1.6% 17.7% 13.2% -7.7% 186 -3.5K -17 0.00 158.66 1 0 5 0 2025-11-25 $18.26 $19.00 37.0% 10.6% 18.5% 1.5% 29.8% 3.2% -6.6% 302 -2.8K -13 0.00 159.11 1 0 6 0 2025-11-26 $18.52 $19.00 37.0% 10.6% 19.2% 1.5% 0.0% 4.0% -9.6% 364 -3.6K -16 0.00 158.44 0 0 7 0 2025-11-28 $18.56 $19.00 37.9% 10.9% 19.2% 1.8% 0.0% 2.7% -10.9% 328 -4.6K -19 0.00 159.92 0 0 7 0
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