PPL Options History — August 2018

In August 2018, PPL traded between $28.50 and $30.13. ATM implied volatility averaged 19.1%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 5.3% (HV 20d: 13.8%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.41.

Notable Days

2018-08-17: Highest Volume — 23,415 contracts
2018-08-02: Largest IV spike — 38.4% change
2018-08-02: Highest IV Rank — 73.6%
2018-08-02: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.30	$28.50	$30.13	$28.50	$29.68
Max Pain	$28.74	$28.00	$29.00	$28.00	$29.00
ATM IV	19.1%	15.2%	29.0%	21.0%	15.2%
Expected Move	5.3%	4.4%	8.3%	6.0%	4.4%
HV 20d	13.8%	11.1%	23.1%	23.1%	11.9%
HV 60d	20.2%	17.6%	22.0%	22.0%	17.6%
IV Rank	38.2%	24.1%	73.6%	44.8%	24.1%
IV Percentile	53.1%	21.4%	98.0%	79.8%	21.4%
Term Structure	-1.0%	-6.5%	1.5%	-1.0%	1.5%
VWIV	18.6%	16.0%	28.4%	16.9%	16.5%
Skew 25d	3.5%	1.7%	5.9%	2.3%	5.9%
Skew 10d	6.7%	1.2%	13.2%	2.4%	6.4%
Call IV 25d	16.8%	13.3%	28.4%	19.5%	13.3%
Put IV 25d	20.4%	17.8%	30.2%	21.9%	19.3%
Bid-Ask Spread %	12.58	7.07	27.20	13.12	8.61
Gamma HHI	0.56	0.43	0.80	0.60	0.48
Net GEX	7.9M	4.4M	15.5M	5.4M	6.0M
Net DEX	-41.8M	-94.6M	-21.9M	-21.9M	-32.9M
Net VEX	-270.4K	-292.5K	-244.6K	-264.8K	-266.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.04	0.82	0.16	0.57
Total Volume	4,741.652	1,575	23,415	5,970	1,753
Total OI	74,068.217	66,886	87,352	69,142	69,322

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
2018-08-01	$28.50	$28.00	21.0%	6.0%	23.1%	44.8%	16.9%	2.3%	-1.0%	5.4M	-21.9M	-264.8K	0.16	13.12	N/A	N/A	5,143	827	49,523	19,619
2018-08-02	$28.71	$28.00	29.0%	8.3%	22.9%	73.6%	28.4%	1.7%	-6.5%	4.4M	-29.8M	-282.0K	0.09	24.72	N/A	N/A	8,125	768	49,667	19,664
2018-08-03	$28.96	$28.00	25.4%	7.3%	23.0%	60.4%	26.7%	2.6%	-3.7%	6.2M	-42.3M	-292.5K	0.48	8.55	N/A	N/A	2,481	1,184	53,914	19,737
2018-08-06	$29.06	$28.00	26.7%	5.9%	12.9%	65.0%	19.6%	3.6%	-2.3%	6.3M	-44.8M	-285.6K	0.09	13.30	N/A	N/A	8,401	785	54,014	20,270
2018-08-07	$28.92	$29.00	19.5%	5.2%	12.8%	39.5%	18.7%	3.3%	-0.8%	9.5M	-42.3M	-267.7K	0.27	13.14	N/A	N/A	2,486	664	59,478	20,378
2018-08-08	$28.59	$29.00	19.3%	5.3%	13.6%	38.8%	19.2%	3.4%	-1.4%	8.6M	-25.2M	-266.1K	0.23	11.20	N/A	N/A	2,851	647	59,745	20,474
2018-08-09	$28.85	$28.00	18.7%	5.2%	13.3%	36.5%	18.5%	4.1%	-1.7%	10.4M	-37.4M	-274.5K	0.30	11.87	N/A	N/A	2,286	683	60,020	20,546
2018-08-10	$28.82	$28.00	19.0%	5.5%	13.2%	37.9%	19.4%	2.1%	-1.3%	10.5M	-37.0M	-270.2K	0.47	25.23	N/A	N/A	2,293	1,083	60,176	20,637
2018-08-13	$29.09	$29.00	20.4%	5.4%	13.6%	42.7%	18.8%	3.7%	-1.0%	13.2M	-47.4M	-261.2K	0.49	8.08	N/A	N/A	1,650	802	60,407	20,929
2018-08-14	$29.25	$29.00	20.6%	5.3%	13.5%	43.4%	18.9%	2.4%	-1.6%	14.2M	-58.1M	-253.7K	0.49	10.43	N/A	N/A	1,731	840	60,613	20,939
2018-08-15	$29.17	$29.00	18.7%	5.4%	11.7%	36.7%	18.8%	2.7%	-1.5%	15.5M	-59.2M	-253.7K	0.25	27.20	N/A	N/A	5,199	1,283	60,669	20,961
2018-08-16	$29.54	$29.00	17.5%	5.0%	11.7%	32.3%	16.2%	3.5%	-0.2%	11.9M	-75.9M	-244.6K	0.06	12.24	N/A	N/A	12,740	774	61,738	21,349
2018-08-17	$29.85	$29.00	16.7%	4.8%	11.1%	29.7%	16.0%	4.8%	0.1%	11.5M	-94.6M	-259.7K	0.04	14.46	N/A	N/A	22,457	958	65,950	21,402
2018-08-20	$30.13	$29.00	17.3%	5.0%	11.3%	31.7%	18.6%	3.8%	-1.2%	5.5M	-49.2M	-280.1K	0.52	9.76	N/A	N/A	1,470	768	48,781	18,105
2018-08-21	$29.81	$29.00	16.9%	4.8%	12.1%	30.3%	17.6%	3.4%	-0.7%	5.4M	-41.5M	-287.9K	0.54	14.23	N/A	N/A	1,200	647	48,820	18,243
2018-08-22	$29.53	$29.00	16.6%	4.8%	12.4%	29.2%	17.6%	2.8%	-0.2%	5.1M	-33.5M	-283.7K	0.55	7.07	N/A	N/A	1,016	559	48,832	18,492
2018-08-23	$29.52	$29.00	16.4%	4.7%	12.3%	28.3%	17.6%	4.3%	1.0%	5.1M	-31.4M	-277.8K	0.82	7.78	N/A	N/A	1,000	821	48,927	18,651
2018-08-24	$29.71	$29.00	16.6%	4.7%	12.0%	29.0%	16.1%	4.1%	1.1%	5.5M	-35.2M	-279.7K	0.72	9.00	N/A	N/A	1,110	795	48,957	18,891
2018-08-27	$29.43	$29.00	18.1%	5.2%	12.6%	34.5%	16.8%	3.9%	-1.1%	5.1M	-27.3M	-265.1K	0.49	7.89	N/A	N/A	1,790	883	49,109	18,938
2018-08-28	$29.48	$29.00	18.2%	5.2%	12.6%	35.0%	16.8%	4.8%	-1.8%	5.5M	-28.9M	-267.8K	0.50	9.53	N/A	N/A	1,436	712	49,569	19,096
2018-08-29	$29.59	$29.00	15.8%	4.5%	12.3%	26.3%	16.1%	5.3%	0.9%	5.7M	-30.1M	-266.7K	0.58	9.43	N/A	N/A	1,354	792	49,731	19,153
2018-08-30	$29.71	$29.00	16.2%	4.6%	12.2%	27.6%	17.1%	2.5%	0.7%	5.9M	-35.5M	-269.1K	0.82	12.42	N/A	N/A	996	815	49,894	19,239
2018-08-31	$29.68	$29.00	15.2%	4.4%	11.9%	24.1%	16.5%	5.9%	1.5%	6.0M	-32.9M	-266.1K	0.57	8.61	N/A	N/A	1,117	636	49,966	19,356