PPL Options History — December 2014

In December 2014, PPL traded between $31.86 and $35.38. ATM implied volatility averaged 16.1%, placing in the 51.0% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 0.2% (HV 20d: 15.9%). Max pain ranged from $30.74 to $34.46. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.62.

Notable Days

2014-12-05: Highest Volume — 15,123 contracts
2014-12-10: Largest IV spike — 47.2% change
2014-12-31: Highest IV Rank — 67.0%
2014-12-31: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.35	$31.86	$35.38	$33.20	$33.84
Max Pain	$31.93	$30.74	$34.46	$30.74	$34.46
ATM IV	16.1%	12.0%	19.0%	14.3%	19.0%
Expected Move	4.7%	3.9%	5.6%	3.9%	5.6%
HV 20d	15.9%	11.5%	22.3%	19.6%	22.3%
HV 60d	19.8%	18.8%	21.6%	20.4%	21.6%
IV Rank	51.0%	28.5%	67.0%	41.2%	67.0%
IV Percentile	74.9%	5.2%	98.4%	59.1%	98.4%
Term Structure	0.1%	-2.9%	1.7%	-0.9%	0.3%
VWIV	18.3%	14.6%	25.7%	18.1%	17.8%
Skew 25d	4.5%	-1.4%	9.1%	1.7%	-1.4%
Skew 10d	10.8%	1.3%	18.4%	6.3%	2.5%
Call IV 25d	13.8%	10.0%	17.1%	14.8%	15.0%
Put IV 25d	18.3%	13.4%	21.8%	16.4%	13.7%
Bid-Ask Spread %	95.96	72.82	111.86	105.59	72.82
Gamma HHI	0.58	0.42	0.70	0.56	0.56
Net GEX	11.4M	5.3M	14.7M	11.2M	11.1M
Net DEX	-125.2M	-191.3M	-64.0M	-118.2M	-152.0M
Net VEX	-289.1K	-359.6K	-187.7K	-359.6K	-245.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.05	1.97	1.97	1.38
Total Volume	3,715.318	401	15,123	1,582	401
Total OI	75,017.955	72,954	78,415	75,751	78,415

Daily Data (22 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-12-01	$33.20	$30.74	14.3%	3.9%	19.6%	41.2%	18.1%	1.7%	-0.9%	11.2M	-118.2M	-359.6K	1.97	105.59	N/A	N/A	533	1,049	65,947	9,804
2014-12-02	$33.41	$30.74	13.9%	4.5%	19.7%	38.9%	18.9%	5.2%	0.7%	12.6M	-131.5M	-319.5K	1.80	103.16	N/A	N/A	625	1,123	65,981	9,915
2014-12-03	$33.45	$30.74	15.6%	4.3%	19.5%	48.1%	14.6%	6.9%	0.9%	12.3M	-135.9M	-302.9K	0.16	104.90	N/A	N/A	7,196	1,145	66,097	10,093
2014-12-04	$33.19	$30.74	12.0%	4.1%	13.2%	28.5%	16.3%	2.7%	1.6%	11.8M	-125.9M	-326.9K	0.41	105.10	N/A	N/A	323	131	68,154	10,218
2014-12-05	$32.75	$30.74	13.3%	4.4%	13.4%	35.6%	15.8%	4.3%	-0.1%	12.6M	-104.8M	-335.0K	0.07	102.97	N/A	N/A	14,156	967	68,064	10,327
2014-12-08	$32.81	$30.74	16.4%	4.6%	12.3%	52.7%	17.1%	5.9%	0.8%	13.6M	-96.9M	-325.2K	0.24	102.55	N/A	N/A	3,663	889	62,535	10,419
2014-12-09	$33.00	$30.74	12.6%	4.9%	12.0%	31.8%	17.8%	7.4%	-1.2%	12.3M	-106.9M	-331.2K	0.31	106.23	N/A	N/A	3,298	1,014	63,104	10,456
2014-12-10	$32.56	$31.67	18.5%	4.8%	12.6%	64.6%	19.3%	4.5%	1.3%	12.8M	-95.2M	-326.0K	0.32	111.86	N/A	N/A	2,960	949	63,120	10,675
2014-12-11	$32.84	$31.67	18.8%	4.6%	11.5%	65.9%	25.7%	5.9%	-2.9%	11.0M	-103.6M	-329.9K	0.32	102.78	N/A	N/A	2,972	954	63,060	10,763
2014-12-12	$32.65	$31.67	17.8%	5.0%	11.5%	60.5%	21.4%	5.0%	-1.3%	10.9M	-96.8M	-324.6K	0.29	98.73	N/A	N/A	3,047	870	62,862	10,778
2014-12-15	$32.12	$31.67	18.1%	5.1%	12.5%	62.5%	19.7%	4.8%	-0.8%	11.5M	-73.2M	-305.9K	0.27	81.43	N/A	N/A	3,409	914	63,018	10,831
2014-12-16	$31.86	$31.67	18.9%	5.1%	12.5%	66.6%	20.7%	4.7%	-0.2%	11.0M	-64.0M	-289.2K	0.38	87.62	N/A	N/A	2,715	1,040	63,187	10,953
2014-12-17	$32.45	$31.67	17.4%	5.0%	14.4%	58.6%	22.0%	4.2%	-1.0%	13.6M	-80.0M	-288.1K	0.33	103.50	N/A	N/A	2,601	857	63,178	11,010
2014-12-18	$33.33	$31.67	15.0%	4.6%	17.3%	45.3%	18.5%	3.3%	1.1%	14.7M	-121.7M	-286.1K	0.76	93.00	N/A	N/A	1,241	944	63,084	11,006
2014-12-19	$33.54	$31.67	15.7%	4.7%	17.3%	48.8%	16.1%	2.1%	0.9%	14.3M	-137.5M	-287.4K	0.05	90.88	N/A	N/A	3,274	149	63,649	11,134
2014-12-22	$33.50	$0.00	15.2%	4.6%	17.1%	46.2%	15.5%	3.5%	0.4%	13.7M	-136.9M	-270.2K	0.46	105.12	N/A	N/A	2,082	949	62,773	10,812
2014-12-23	$33.94	$33.53	15.2%	4.5%	17.1%	46.0%	16.1%	5.9%	0.9%	10.6M	-149.9M	-277.0K	0.93	88.34	N/A	N/A	1,287	1,200	62,960	11,093
2014-12-24	$34.45	$33.53	16.0%	4.6%	17.7%	50.8%	18.1%	2.0%	0.3%	10.8M	-172.8M	-214.6K	0.99	94.02	N/A	N/A	1,178	1,169	63,063	11,412
2014-12-26	$34.79	$33.53	15.7%	4.7%	17.9%	48.9%	17.1%	9.1%	1.7%	7.6M	-173.2M	-231.0K	1.09	89.17	N/A	N/A	1,112	1,215	63,285	11,470
2014-12-29	$35.38	$33.53	17.3%	4.6%	18.5%	58.0%	17.4%	8.7%	-1.2%	5.3M	-191.3M	-196.5K	1.01	81.53	N/A	N/A	1,715	1,732	63,616	11,627
2014-12-30	$34.67	$33.53	16.9%	5.1%	20.3%	55.6%	18.0%	1.6%	0.8%	6.4M	-186.8M	-187.7K	0.15	79.73	N/A	N/A	2,345	344	64,266	12,181
2014-12-31	$33.84	$34.46	19.0%	5.6%	22.3%	67.0%	17.8%	-1.4%	0.3%	11.1M	-152.0M	-245.9K	1.38	72.82	N/A	N/A	169	232	65,928	12,487