PPL Options History — April 2018

In April 2018, PPL traded between $27.54 and $29.14. ATM implied volatility averaged 21.4%, placing in the 46.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 4.1% (HV 20d: 17.2%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2018-04-24: Highest Volume — 7,194 contracts
  • 2018-04-04: Largest IV drop — 8.6% change
  • 2018-04-02: Highest IV Rank — 55.9%
  • 2018-04-02: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.19$27.54$29.14$28.03$29.14
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV21.4%19.2%24.1%24.1%20.7%
Expected Move6.1%5.5%6.9%6.9%5.9%
HV 20d17.2%15.8%19.8%19.8%15.8%
HV 60d22.5%21.9%22.9%22.1%22.5%
IV Rank46.1%38.3%55.9%55.9%43.7%
IV Percentile84.8%76.6%94.0%94.0%80.6%
Term Structure-1.3%-3.1%0.9%-1.0%-0.0%
VWIV21.3%18.5%24.5%24.5%18.5%
Skew 25d3.0%1.6%4.9%4.9%4.0%
Skew 10d8.1%-1.0%13.4%5.1%4.6%
Call IV 25d19.9%17.4%22.3%21.6%18.5%
Put IV 25d22.8%19.9%26.5%26.5%22.5%
Bid-Ask Spread %31.168.5671.1013.0810.97
Gamma HHI0.430.330.540.400.51
Net GEX3.1M1.9M4.3M2.4M3.9M
Net DEX-2.2M-21.6M11.9M-1.6M-21.6M
Net VEX-231.2K-260.0K-194.7K-244.3K-255.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.140.910.660.14
Total Volume4,176.7142,5957,1944,6986,138
Total OI68,580.52451,78275,21568,82860,315

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$28.03$28.0024.1%6.9%19.8%55.9%24.5%4.9%-1.0%2.4M-1.6M-244.3K0.6613.08N/AN/A2,8271,87150,07418,754
2018-04-03$28.06$28.0022.7%6.5%18.3%50.9%22.8%1.6%-0.4%2.6M-2.3M-239.2K0.578.56N/AN/A4,3972,52050,47118,981
2018-04-04$27.84$28.0020.7%5.9%16.5%43.9%22.6%3.3%0.9%2.5M3.7M-239.0K0.7311.60N/AN/A2,6201,91952,22919,894
2018-04-05$27.99$28.0022.1%6.3%16.6%48.6%20.6%1.9%-1.1%2.6M372.2K-244.8K0.5619.90N/AN/A2,6561,48952,67120,185
2018-04-06$27.95$28.0022.8%6.7%16.6%51.3%23.9%3.2%-2.2%2.6M825.4K-243.6K0.6119.08N/AN/A2,4051,45752,64520,165
2018-04-09$28.27$28.0023.0%6.5%16.7%51.9%21.6%2.8%-2.3%3.0M-4.6M-247.0K0.5330.96N/AN/A2,5011,31552,76720,185
2018-04-10$27.68$28.0021.5%6.6%17.9%46.6%23.0%2.5%-2.7%2.3M6.1M-222.5K0.4046.09N/AN/A2,6211,05853,10120,171
2018-04-11$27.96$28.0021.4%6.1%18.1%46.2%22.2%4.0%-0.9%2.8M1.6M-225.6K0.4871.10N/AN/A2,3581,14053,39420,284
2018-04-12$27.54$28.0021.7%6.2%18.8%47.4%21.3%3.2%-1.8%2.0M11.9M-208.2K0.5722.90N/AN/A2,6331,50753,49920,423
2018-04-13$27.80$28.0020.9%6.0%19.1%44.6%20.7%1.9%-1.2%2.6M5.7M-220.4K0.4345.31N/AN/A3,3881,46553,80220,281
2018-04-16$28.08$28.0020.7%5.9%19.0%43.8%21.3%3.8%-2.0%3.3M1.1M-222.3K0.9152.57N/AN/A1,6621,51653,62420,372
2018-04-17$28.37$28.0019.2%5.5%16.3%38.3%19.5%2.5%-0.7%4.2M-6.3M-224.8K0.5918.30N/AN/A1,63496153,81820,501
2018-04-18$28.27$28.0020.5%5.9%16.1%43.0%20.2%2.5%-2.1%3.9M-3.8M-217.9K0.5966.23N/AN/A1,8331,07353,86020,584
2018-04-19$28.28$28.0020.1%5.7%16.1%41.5%18.9%2.7%-1.6%4.3M-3.6M-212.7K0.3350.33N/AN/A2,99097754,10520,664
2018-04-20$27.84$28.0021.4%6.1%17.2%46.2%21.6%2.4%-3.1%4.2M7.0M-200.4K0.5725.01N/AN/A2,4711,41954,50920,706
2018-04-23$28.04$28.0021.3%6.1%17.0%46.1%19.6%2.7%-1.3%1.9M5.1M-194.7K0.2842.02N/AN/A3,32594434,62917,153
2018-04-24$28.39$28.0022.5%6.5%17.0%50.4%21.5%4.0%-1.8%2.4M-2.7M-223.5K0.1453.73N/AN/A6,28890636,26017,413
2018-04-25$28.57$28.0021.4%6.1%16.1%46.2%22.4%4.1%-1.2%3.2M-9.8M-249.0K0.6019.28N/AN/A2,4371,46740,60017,639
2018-04-26$28.88$28.0020.2%5.8%16.4%42.1%20.5%2.2%-0.6%3.6M-15.0M-260.0K0.3314.02N/AN/A2,15671140,96318,500
2018-04-27$29.01$28.0019.8%5.7%16.3%40.4%19.8%1.7%0.3%3.8M-18.8M-259.8K0.3313.20N/AN/A2,00265441,22118,779
2018-04-30$29.14$28.0020.7%5.9%15.8%43.7%18.5%4.0%-0.0%3.9M-21.6M-255.2K0.1410.97N/AN/A5,40373541,42918,886