PPL Options History — July 2017

In July 2017, PPL traded between $37.32 and $38.49. ATM implied volatility averaged 13.9%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 3.6% (HV 20d: 10.3%). Max pain ranged from $38.00 to $39.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.76.

Notable Days

2017-07-12: Highest Volume — 8,535 contracts
2017-07-31: Largest IV spike — 8.1% change
2017-07-31: Highest IV Rank — 33.2%
2017-07-31: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.01	$37.32	$38.49	$38.28	$38.39
Max Pain	$38.30	$38.00	$39.00	$39.00	$38.00
ATM IV	13.9%	12.9%	15.2%	14.4%	15.2%
Expected Move	4.0%	3.8%	4.4%	4.1%	4.4%
HV 20d	10.3%	8.9%	11.0%	10.4%	10.9%
HV 60d	9.4%	8.9%	9.8%	9.3%	9.6%
IV Rank	21.6%	13.1%	33.2%	26.2%	33.2%
IV Percentile	24.3%	11.1%	42.5%	27.8%	42.5%
Term Structure	0.0%	-0.9%	0.6%	0.1%	-0.9%
VWIV	14.0%	12.1%	15.6%	14.0%	15.4%
Skew 25d	3.0%	1.5%	4.9%	1.5%	4.9%
Skew 10d	7.3%	-1.0%	12.3%	-1.0%	12.3%
Call IV 25d	12.7%	11.3%	13.4%	13.4%	12.1%
Put IV 25d	15.7%	14.3%	17.0%	14.9%	17.0%
Bid-Ask Spread %	20.82	12.21	42.79	39.49	13.90
Gamma HHI	0.33	0.22	0.49	0.22	0.49
Net GEX	256.2K	-4.0M	5.6M	602.8K	5.6M
Net DEX	-15.0M	-35.6M	8.9M	-19.0M	-35.6M
Net VEX	-275.7K	-307.4K	-254.8K	-307.4K	-279.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.17	1.75	0.36	0.93
Total Volume	3,640.2	1,497	8,535	3,914	1,574
Total OI	60,195.1	47,404	68,820	61,700	52,964

Daily Data (20 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
2017-07-03	$38.28	$39.00	14.4%	4.1%	10.4%	26.2%	14.0%	1.5%	0.1%	602.8K	-19.0M	-307.4K	0.36	39.49	N/A	N/A	2,870	1,044	32,042	29,658
2017-07-05	$38.28	$39.00	14.5%	4.2%	10.5%	27.3%	15.6%	3.0%	0.1%	-191.4K	-13.7M	-284.6K	0.40	41.83	N/A	N/A	2,702	1,077	32,007	29,663
2017-07-06	$38.03	$39.00	13.8%	4.1%	10.5%	21.0%	13.5%	3.7%	-0.1%	-790.1K	-8.3M	-282.7K	0.21	21.57	N/A	N/A	5,297	1,110	31,969	29,601
2017-07-07	$38.08	$39.00	13.4%	4.1%	10.2%	17.2%	14.1%	3.1%	0.0%	-648.5K	-12.2M	-274.1K	0.48	16.61	N/A	N/A	2,337	1,115	32,195	29,632
2017-07-10	$38.00	$39.00	13.3%	4.2%	10.2%	16.7%	14.4%	3.5%	-0.4%	-1.2M	-9.9M	-271.4K	0.68	18.16	N/A	N/A	3,814	2,601	32,290	29,654
2017-07-11	$37.73	$39.00	12.9%	4.0%	10.0%	13.1%	14.0%	3.1%	0.1%	-2.0M	-1.9M	-292.2K	1.10	17.59	N/A	N/A	2,413	2,666	33,836	31,123
2017-07-12	$37.75	$38.00	13.6%	3.9%	9.8%	19.4%	13.9%	3.0%	0.2%	-3.1M	860.3K	-283.3K	0.49	13.45	N/A	N/A	5,729	2,806	33,901	31,044
2017-07-13	$37.49	$38.00	14.7%	4.2%	9.1%	29.0%	14.0%	2.4%	0.1%	-2.2M	3.1M	-288.4K	0.41	17.69	N/A	N/A	2,640	1,072	34,359	30,918
2017-07-14	$37.32	$38.00	14.3%	4.1%	8.9%	25.6%	14.1%	2.9%	0.2%	-2.8M	8.9M	-265.0K	1.02	17.72	N/A	N/A	1,100	1,117	34,379	30,789
2017-07-17	$37.64	$38.00	13.6%	3.9%	9.7%	19.4%	14.3%	3.2%	0.2%	-3.5M	893.4K	-265.1K	0.92	15.67	N/A	N/A	1,139	1,044	34,487	30,862
2017-07-18	$37.74	$38.00	13.4%	3.9%	9.8%	17.8%	14.2%	3.1%	-0.2%	-4.0M	-1.1M	-269.7K	0.91	16.02	N/A	N/A	1,176	1,066	34,585	30,870
2017-07-19	$38.14	$38.00	13.3%	3.8%	10.7%	17.0%	12.8%	1.5%	0.5%	-3.5M	-17.2M	-273.2K	0.34	15.76	N/A	N/A	4,162	1,430	34,649	30,818
2017-07-20	$38.26	$38.00	13.4%	3.9%	10.9%	17.9%	12.1%	3.0%	-0.1%	-2.0M	-24.8M	-268.8K	0.94	15.03	N/A	N/A	1,295	1,213	37,657	30,971
2017-07-21	$38.49	$38.00	13.4%	3.8%	11.0%	17.2%	12.7%	2.7%	0.1%	4.3M	-32.7M	-263.5K	1.12	12.21	N/A	N/A	1,329	1,485	37,785	31,035
2017-07-24	$38.45	$38.00	14.2%	4.1%	10.8%	24.3%	13.4%	3.4%	-0.2%	4.2M	-32.8M	-263.4K	0.72	13.10	N/A	N/A	869	628	28,358	19,046
2017-07-25	$37.91	$38.00	13.5%	3.9%	10.5%	18.0%	13.8%	1.6%	0.6%	3.4M	-24.0M	-265.7K	0.75	33.42	N/A	N/A	895	673	28,741	19,072
2017-07-26	$38.01	$38.00	13.7%	3.9%	10.6%	20.5%	13.9%	2.8%	0.3%	3.7M	-25.4M	-254.8K	0.17	42.79	N/A	N/A	4,004	686	29,107	19,172
2017-07-27	$38.10	$38.00	14.6%	4.2%	10.6%	28.2%	15.2%	4.1%	-0.3%	4.7M	-29.0M	-278.6K	1.75	18.33	N/A	N/A	869	1,524	32,615	19,278
2017-07-28	$38.03	$38.00	14.1%	4.0%	10.3%	23.4%	14.2%	3.3%	-0.1%	4.5M	-26.4M	-281.6K	1.53	16.06	N/A	N/A	884	1,349	32,731	20,039
2017-07-31	$38.39	$38.00	15.2%	4.4%	10.9%	33.2%	15.4%	4.9%	-0.9%	5.6M	-35.6M	-279.8K	0.93	13.90	N/A	N/A	816	758	32,837	20,127