PPL Options History — July 2018

In July 2018, PPL traded between $27.97 and $29.58. ATM implied volatility averaged 19.4%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 3.7% (HV 20d: 23.1%). Max pain ranged from $27.00 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 0.56.

Notable Days

  • 2018-07-09: Highest Volume — 9,834 contracts
  • 2018-07-09: Largest IV spike — 47.3% change
  • 2018-07-09: Highest IV Rank — 52.3%
  • 2018-07-09: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.59$27.97$29.58$28.74$28.68
Max Pain$27.90$27.00$28.00$27.00$28.00
ATM IV19.4%15.7%23.1%17.6%20.0%
Expected Move5.6%5.0%6.0%5.0%5.7%
HV 20d23.1%14.2%25.4%23.5%23.4%
HV 60d21.9%19.8%22.4%20.3%22.1%
IV Rank39.2%25.9%52.3%32.7%41.3%
IV Percentile66.3%40.1%92.5%53.6%71.0%
Term Structure-1.3%-3.1%1.4%1.4%-1.2%
VWIV19.5%17.7%21.9%17.7%21.9%
Skew 25d2.5%1.6%3.6%2.2%2.6%
Skew 10d6.3%2.8%12.3%6.7%6.3%
Call IV 25d18.3%17.1%19.7%17.3%19.7%
Put IV 25d20.9%19.5%22.3%19.5%22.3%
Bid-Ask Spread %12.527.1625.357.1616.85
Gamma HHI0.510.320.720.390.65
Net GEX5.3M3.4M13.2M5.3M5.0M
Net DEX-33.0M-71.1M-7.8M-46.8M-24.8M
Net VEX-262.4K-290.8K-228.6K-288.9K-261.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.162.780.640.16
Total Volume3,747.0482,1529,8343,2316,603
Total OI74,952.23859,21485,10775,40165,418

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$28.74$27.0017.6%5.0%23.5%32.7%17.7%2.2%1.4%5.3M-46.8M-288.9K0.647.16N/AN/A1,9671,26454,88920,512
2018-07-03$29.04$27.0018.4%5.3%23.4%35.6%18.7%3.1%0.5%4.9M-54.7M-290.8K0.3911.80N/AN/A2,6411,03655,00121,122
2018-07-05$29.37$28.0018.9%5.7%14.8%37.5%18.6%3.0%-2.5%4.6M-63.8M-278.6K0.3913.89N/AN/A2,27488855,13421,067
2018-07-06$29.58$28.0015.7%5.2%14.2%25.9%18.6%3.6%-1.9%4.4M-71.1M-264.8K0.5112.90N/AN/A1,83793155,45721,222
2018-07-09$28.08$28.0023.1%6.0%25.4%52.3%20.9%3.0%-3.1%5.4M-26.5M-267.4K2.7812.25N/AN/A2,5997,23555,67021,331
2018-07-10$28.31$28.0021.5%5.8%25.3%46.8%19.9%2.9%-1.7%4.3M-27.8M-278.9K0.409.52N/AN/A2,51699855,87726,982
2018-07-11$28.34$28.0020.0%5.7%25.2%41.3%20.0%2.2%-1.5%4.5M-29.1M-274.5K0.3110.06N/AN/A2,35472556,39827,006
2018-07-12$28.67$28.0019.4%5.6%25.3%39.3%19.6%2.5%-2.0%4.9M-42.2M-273.7K0.487.58N/AN/A1,50572256,60127,027
2018-07-13$28.52$28.0019.4%5.6%23.8%39.3%19.4%2.0%-1.8%5.0M-37.0M-270.3K0.5212.15N/AN/A1,41773556,70627,062
2018-07-16$28.56$28.0019.3%5.5%23.8%38.7%19.6%2.8%-2.2%5.3M-41.8M-257.4K0.458.00N/AN/A1,73277656,70526,842
2018-07-17$28.46$28.0020.4%5.9%23.7%42.8%19.9%3.2%-1.7%5.4M-35.7M-255.3K0.4510.05N/AN/A1,55469356,80326,863
2018-07-18$27.97$28.0019.8%5.7%24.6%40.7%19.6%2.8%-1.4%5.5M-13.2M-243.0K0.4512.64N/AN/A2,14195456,85426,922
2018-07-19$28.32$28.0020.0%5.7%24.9%41.4%19.5%2.5%-2.4%6.0M-32.9M-236.9K0.5217.83N/AN/A2,8471,49256,81126,816
2018-07-20$28.03$28.0019.3%5.5%24.8%38.9%19.6%1.8%-1.6%13.2M-17.7M-228.6K0.6813.44N/AN/A1,9971,35057,88527,222
2018-07-23$28.17$28.0019.0%5.4%23.7%37.8%18.5%2.0%-0.7%3.4M-7.8M-229.8K0.337.91N/AN/A3,7741,26240,74818,466
2018-07-24$28.44$28.0019.6%5.6%23.0%39.8%19.2%2.5%-0.6%4.2M-17.0M-255.0K0.649.34N/AN/A2,1651,38242,75318,604
2018-07-25$28.73$28.0018.7%5.4%23.2%36.7%18.9%2.0%-0.6%4.5M-25.4M-263.7K0.4525.35N/AN/A3,0351,37943,02118,869
2018-07-26$28.93$28.0018.5%5.3%23.3%35.8%18.9%2.9%-0.4%4.8M-30.1M-261.1K0.6210.38N/AN/A1,9391,21144,46718,986
2018-07-27$28.73$28.0019.1%5.5%23.4%38.1%19.0%2.2%-0.6%4.9M-26.0M-267.2K0.3716.67N/AN/A2,09978644,68319,040
2018-07-30$28.66$28.0019.8%5.7%23.4%40.6%20.9%1.6%-1.1%4.8M-22.2M-263.0K0.3117.17N/AN/A2,96590845,00019,155
2018-07-31$28.68$28.0020.0%5.7%23.4%41.3%21.9%2.6%-1.2%5.0M-24.8M-261.3K0.1616.85N/AN/A5,68192245,97719,441