PPL Options History — May 2018

In May 2018, PPL traded between $26.72 and $28.94. ATM implied volatility averaged 19.6%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 0.3% (HV 20d: 19.2%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.49.

Notable Days

2018-05-22: Highest Volume — 7,382 contracts
2018-05-08: Largest IV spike — 10.8% change
2018-05-08: Highest IV Rank — 45.1%
2018-05-01: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.64	$26.72	$28.94	$28.77	$27.27
Max Pain	$27.59	$27.00	$28.00	$28.00	$27.00
ATM IV	19.6%	17.6%	21.1%	20.3%	20.2%
Expected Move	5.6%	5.3%	5.8%	5.8%	5.8%
HV 20d	19.2%	16.3%	20.6%	16.6%	20.0%
HV 60d	20.7%	17.6%	22.7%	22.7%	17.6%
IV Rank	39.7%	32.7%	45.1%	42.4%	41.8%
IV Percentile	73.7%	67.5%	82.5%	78.2%	76.2%
Term Structure	-1.6%	-2.8%	-0.4%	-0.6%	-2.8%
VWIV	21.0%	17.5%	24.9%	20.5%	20.4%
Skew 25d	2.8%	0.2%	4.2%	1.5%	1.9%
Skew 10d	3.6%	-2.9%	12.0%	-0.0%	-0.0%
Call IV 25d	17.5%	15.0%	19.8%	19.8%	17.7%
Put IV 25d	20.3%	18.7%	22.1%	21.3%	19.6%
Bid-Ask Spread %	26.19	6.01	112.61	14.72	14.82
Gamma HHI	0.40	0.24	0.55	0.47	0.45
Net GEX	1.9M	-185.1K	5.2M	4.4M	1.7M
Net DEX	11.3M	-18.1M	31.3M	-17.4M	13.7M
Net VEX	-195.7K	-258.3K	-145.9K	-258.3K	-196.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.18	0.88	0.40	0.18
Total Volume	4,017.364	2,102	7,382	2,766	5,449
Total OI	62,349.091	51,620	68,174	63,868	59,485

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
2018-05-01	$28.77	$28.00	20.3%	5.8%	16.6%	42.4%	20.5%	1.5%	-0.6%	4.4M	-17.4M	-258.3K	0.40	14.72	N/A	N/A	1,970	796	44,857	19,011
2018-05-02	$28.70	$28.00	20.2%	5.8%	16.3%	42.1%	23.0%	0.2%	-1.1%	4.4M	-13.7M	-251.6K	0.34	112.61	N/A	N/A	1,877	643	45,063	19,147
2018-05-03	$28.53	$28.00	18.8%	5.3%	16.5%	37.1%	21.4%	3.8%	-0.8%	4.2M	-6.9M	-238.5K	0.33	22.45	N/A	N/A	2,567	847	45,102	19,197
2018-05-04	$28.94	$28.00	17.6%	5.6%	17.1%	32.7%	21.4%	1.9%	-2.0%	5.2M	-18.1M	-252.8K	0.42	57.98	N/A	N/A	2,078	865	45,003	19,361
2018-05-07	$28.58	$28.00	19.0%	5.5%	17.4%	37.8%	21.1%	2.3%	-1.1%	4.6M	-7.7M	-233.9K	0.55	57.38	N/A	N/A	1,977	1,082	45,156	19,447
2018-05-08	$27.55	$28.00	21.1%	5.6%	20.6%	45.1%	22.5%	3.6%	-1.1%	1.3M	17.1M	-189.3K	0.68	19.27	N/A	N/A	2,286	1,565	45,314	19,812
2018-05-09	$27.85	$28.00	20.0%	5.7%	20.6%	41.2%	24.9%	2.3%	-1.8%	1.7M	13.0M	-197.6K	0.71	53.21	N/A	N/A	2,239	1,590	45,676	20,428
2018-05-10	$28.05	$28.00	19.9%	5.7%	20.0%	40.8%	21.8%	3.6%	-2.6%	2.0M	10.8M	-201.1K	0.78	12.17	N/A	N/A	2,623	2,040	45,651	20,538
2018-05-11	$27.84	$28.00	19.0%	5.4%	20.0%	37.7%	22.0%	2.7%	-1.5%	1.0M	14.6M	-189.0K	0.80	19.64	N/A	N/A	2,176	1,746	45,645	20,710
2018-05-14	$27.58	$28.00	18.9%	5.4%	19.9%	37.3%	21.6%	3.5%	-0.4%	288.1K	21.0M	-174.2K	0.88	8.13	N/A	N/A	1,875	1,652	45,892	20,763
2018-05-15	$27.14	$28.00	20.2%	5.8%	20.1%	41.9%	21.2%	2.9%	-2.3%	34.4K	25.9M	-166.6K	0.50	37.61	N/A	N/A	2,268	1,145	45,913	20,989
2018-05-16	$27.04	$28.00	19.7%	5.6%	20.1%	40.1%	22.4%	2.1%	-1.2%	-19.9K	28.0M	-156.0K	0.54	46.93	N/A	N/A	2,099	1,140	46,197	21,142
2018-05-17	$26.72	$28.00	19.5%	5.6%	20.4%	39.4%	19.3%	3.1%	-1.1%	-185.1K	31.2M	-145.9K	0.44	10.22	N/A	N/A	2,907	1,266	46,196	21,343
2018-05-18	$26.73	$27.00	18.9%	5.4%	19.8%	37.5%	18.8%	2.4%	-0.5%	204.3K	31.3M	-151.7K	0.22	13.09	N/A	N/A	5,525	1,241	46,583	21,591
2018-05-21	$26.90	$27.00	18.9%	5.4%	19.8%	37.4%	19.8%	2.9%	-1.3%	690.8K	20.8M	-162.9K	0.60	6.01	N/A	N/A	1,622	973	33,443	18,177
2018-05-22	$27.26	$27.00	19.8%	5.7%	19.8%	40.5%	17.5%	4.2%	-2.4%	960.2K	17.6M	-168.4K	0.19	9.38	N/A	N/A	6,210	1,172	33,707	18,323
2018-05-23	$27.40	$27.00	19.2%	5.5%	19.8%	38.5%	20.0%	3.4%	-1.4%	1.6M	13.4M	-188.4K	0.65	15.10	N/A	N/A	1,719	1,118	37,239	18,423
2018-05-24	$27.46	$27.00	19.6%	5.6%	19.3%	39.8%	21.7%	4.0%	-1.8%	1.6M	12.6M	-190.8K	0.19	10.53	N/A	N/A	4,991	932	37,387	18,542
2018-05-25	$27.47	$27.00	19.6%	5.6%	19.1%	39.7%	19.9%	3.7%	-2.7%	1.8M	11.6M	-205.0K	0.21	13.39	N/A	N/A	5,922	1,236	39,029	18,584
2018-05-29	$27.01	$27.00	20.1%	5.8%	19.6%	41.6%	21.3%	2.1%	-2.1%	1.4M	16.6M	-187.7K	0.47	8.82	N/A	N/A	1,940	911	39,551	18,653
2018-05-30	$27.32	$27.00	20.0%	5.7%	20.0%	41.1%	20.4%	4.0%	-2.3%	1.8M	12.5M	-199.7K	0.68	12.73	N/A	N/A	1,254	848	40,394	19,016
2018-05-31	$27.27	$27.00	20.2%	5.8%	20.0%	41.8%	20.4%	1.9%	-2.8%	1.7M	13.7M	-196.4K	0.18	14.82	N/A	N/A	4,609	840	40,378	19,107