PPL Options History — August 2017

In August 2017, PPL traded between $38.48 and $39.62. ATM implied volatility averaged 13.0%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 3.7% (HV 20d: 9.2%). Max pain ranged from $38.00 to $39.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.38.

Notable Days

2017-08-21: Highest Volume — 5,671 contracts
2017-08-28: Largest IV spike — 24.5% change
2017-08-11: Highest IV Rank — 31.5%
2017-08-11: Largest Expected Move — 4.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.01	$38.48	$39.62	$38.64	$39.25
Max Pain	$38.22	$38.00	$39.00	$38.00	$39.00
ATM IV	13.0%	10.6%	15.0%	12.7%	11.9%
Expected Move	3.7%	3.0%	4.3%	3.6%	3.4%
HV 20d	9.2%	7.5%	10.5%	10.0%	7.9%
HV 60d	9.6%	9.3%	9.8%	9.7%	9.6%
IV Rank	15.2%	0.0%	31.5%	11.7%	10.6%
IV Percentile	16.5%	0.0%	44.4%	9.5%	4.0%
Term Structure	-0.2%	-1.3%	1.1%	-0.2%	0.3%
VWIV	13.9%	12.9%	15.2%	14.4%	13.2%
Skew 25d	4.1%	3.0%	6.2%	5.1%	6.2%
Skew 10d	8.2%	3.3%	10.4%	8.0%	6.1%
Call IV 25d	10.9%	7.1%	12.9%	10.6%	7.1%
Put IV 25d	15.0%	13.3%	16.6%	15.6%	13.3%
Bid-Ask Spread %	15.13	8.79	24.10	12.56	14.52
Gamma HHI	0.49	0.37	0.71	0.50	0.40
Net GEX	7.6M	5.2M	15.0M	6.1M	7.5M
Net DEX	-46.3M	-60.6M	-31.4M	-42.0M	-49.1M
Net VEX	-288.0K	-303.5K	-276.1K	-283.5K	-276.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.38	0.38	3.53	1.54	0.78
Total Volume	2,267.087	1,290	5,671	2,148	1,353
Total OI	55,557.652	52,116	57,276	53,260	57,089

Daily Data (23 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
2017-08-01	$38.64	$38.00	12.7%	3.6%	10.0%	11.7%	14.4%	5.1%	-0.2%	6.1M	-42.0M	-283.5K	1.54	12.56	N/A	N/A	847	1,301	32,937	20,323
2017-08-02	$38.90	$38.00	13.8%	3.9%	10.2%	20.6%	14.0%	3.5%	-0.5%	6.3M	-47.8M	-288.5K	0.66	11.81	N/A	N/A	1,163	771	33,218	20,242
2017-08-03	$39.08	$38.00	12.6%	3.7%	9.9%	10.6%	14.4%	3.4%	0.2%	7.1M	-51.8M	-296.8K	0.99	17.14	N/A	N/A	681	671	33,742	20,316
2017-08-04	$38.76	$38.00	12.4%	3.7%	10.5%	8.7%	13.9%	3.3%	0.1%	6.8M	-44.5M	-297.9K	0.87	13.43	N/A	N/A	934	816	33,925	20,496
2017-08-07	$38.80	$38.00	12.6%	3.7%	10.4%	10.8%	14.5%	3.6%	-0.1%	7.2M	-44.3M	-286.3K	0.76	13.76	N/A	N/A	737	561	33,917	20,650
2017-08-08	$38.85	$38.00	12.4%	3.7%	10.0%	9.0%	14.4%	3.3%	-0.3%	7.5M	-46.0M	-279.8K	0.68	18.26	N/A	N/A	796	541	33,941	20,700
2017-08-09	$38.65	$38.00	12.8%	3.7%	10.2%	12.4%	13.9%	3.9%	0.4%	6.9M	-40.0M	-285.0K	0.71	14.74	N/A	N/A	1,115	790	34,016	20,812
2017-08-10	$38.76	$38.00	13.3%	3.8%	9.8%	16.7%	15.0%	5.0%	0.4%	7.3M	-41.7M	-300.7K	1.41	17.17	N/A	N/A	1,067	1,508	34,086	21,002
2017-08-11	$38.48	$38.00	15.0%	4.3%	10.1%	31.5%	14.3%	4.2%	-1.3%	6.1M	-31.4M	-303.5K	1.56	13.27	N/A	N/A	961	1,498	34,090	21,849
2017-08-14	$38.67	$38.00	13.5%	3.9%	9.8%	18.7%	14.9%	4.6%	0.3%	7.5M	-37.0M	-280.4K	1.56	10.70	N/A	N/A	1,045	1,630	34,146	22,012
2017-08-15	$38.89	$38.00	13.5%	3.9%	9.9%	18.2%	15.2%	4.7%	-0.2%	9.3M	-43.9M	-288.6K	1.60	18.73	N/A	N/A	896	1,437	34,324	22,022
2017-08-16	$39.03	$38.00	13.4%	3.8%	9.4%	17.2%	14.2%	3.5%	-0.1%	10.6M	-50.2M	-286.4K	2.48	12.76	N/A	N/A	572	1,420	34,317	22,030
2017-08-17	$38.86	$38.00	13.9%	4.0%	9.5%	21.7%	13.0%	4.4%	-0.3%	10.3M	-43.5M	-277.3K	0.38	24.10	N/A	N/A	3,725	1,404	34,357	22,090
2017-08-18	$38.92	$38.00	13.1%	3.7%	9.3%	14.5%	13.0%	3.5%	0.3%	15.0M	-44.9M	-277.5K	1.51	19.19	N/A	N/A	931	1,407	35,147	22,129
2017-08-21	$38.99	$38.00	13.3%	3.8%	9.3%	16.9%	12.9%	4.5%	0.2%	5.2M	-39.9M	-276.1K	0.43	11.86	N/A	N/A	3,978	1,693	30,836	21,280
2017-08-22	$39.01	$38.00	12.7%	3.6%	7.5%	11.1%	13.3%	3.2%	-0.0%	6.3M	-43.7M	-289.2K	2.62	13.92	N/A	N/A	729	1,908	34,262	21,293
2017-08-23	$39.48	$38.00	13.2%	3.8%	8.4%	16.2%	14.2%	4.9%	-1.3%	7.2M	-55.1M	-293.1K	3.53	19.38	N/A	N/A	603	2,126	34,491	21,775
2017-08-24	$39.48	$38.00	13.2%	3.8%	8.4%	16.2%	13.8%	3.5%	-1.0%	7.0M	-55.5M	-294.3K	3.37	12.39	N/A	N/A	595	2,007	34,491	22,101
2017-08-25	$39.62	$39.00	10.6%	3.0%	8.3%	0.0%	13.6%	3.8%	1.1%	7.2M	-60.6M	-292.3K	1.04	17.57	N/A	N/A	915	956	34,488	22,213
2017-08-28	$39.49	$39.00	13.3%	3.8%	8.0%	21.2%	13.5%	3.4%	-1.1%	7.0M	-55.0M	-288.6K	1.14	17.41	N/A	N/A	637	726	34,517	22,265
2017-08-29	$39.39	$39.00	13.0%	3.7%	7.9%	19.3%	13.3%	3.0%	-1.0%	7.2M	-52.6M	-292.2K	1.30	14.50	N/A	N/A	562	728	34,562	22,354
2017-08-30	$39.15	$39.00	12.7%	3.6%	8.0%	16.5%	13.5%	5.8%	-0.2%	6.8M	-45.4M	-290.7K	0.91	8.79	N/A	N/A	735	667	34,554	22,419
2017-08-31	$39.25	$39.00	11.9%	3.4%	7.9%	10.6%	13.2%	6.2%	0.3%	7.5M	-49.1M	-276.6K	0.78	14.52	N/A	N/A	760	593	34,665	22,424