PPL Options History — September 2018

In September 2018, PPL traded between $28.57 and $31.02. ATM implied volatility averaged 17.0%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 3.3% (HV 20d: 20.4%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.38.

Notable Days

  • 2018-09-06: Highest Volume — 27,559 contracts
  • 2018-09-24: Largest IV spike — 9.7% change
  • 2018-09-10: Highest IV Rank — 33.1%
  • 2018-09-11: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.80$28.57$31.02$29.93$29.25
Max Pain$29.79$28.00$30.00$29.00$30.00
ATM IV17.0%16.0%18.4%16.7%16.0%
Expected Move4.9%4.5%5.1%4.8%4.6%
HV 20d20.4%12.1%24.1%12.1%24.1%
HV 60d19.4%17.7%20.3%17.7%20.2%
IV Rank24.2%17.0%33.1%29.4%17.0%
IV Percentile33.1%20.6%49.2%31.7%20.6%
Term Structure0.1%-1.1%2.1%1.2%2.1%
VWIV17.7%15.8%27.5%20.8%16.3%
Skew 25d2.5%0.9%3.7%2.6%0.9%
Skew 10d7.2%2.6%13.1%3.7%9.5%
Call IV 25d15.9%14.8%16.7%16.6%15.5%
Put IV 25d18.4%16.4%19.2%19.2%16.4%
Bid-Ask Spread %10.716.3818.567.347.22
Gamma HHI0.360.270.480.480.34
Net GEX4.5M1.8M6.6M6.2M3.5M
Net DEX-18.7M-73.8M9.4M-41.8M-5.2M
Net VEX-255.7K-283.3K-222.9K-252.2K-278.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.040.870.120.23
Total Volume6,776.2113,44827,5595,8985,580
Total OI65,148.21155,03370,45569,42968,850

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$29.93$29.0016.7%4.8%12.1%29.4%20.8%2.6%1.2%6.2M-41.8M-252.2K0.127.34N/AN/A5,27662249,97319,456
2018-09-05$30.54$29.0017.4%5.0%13.6%32.2%19.4%2.9%0.7%6.5M-60.3M-283.3K0.3718.56N/AN/A3,0941,14450,52219,503
2018-09-06$31.02$28.0016.0%4.5%13.2%27.0%27.5%3.1%-0.2%6.0M-73.8M-275.9K0.0412.09N/AN/A26,4741,08550,73919,716
2018-09-07$29.73$30.0017.1%5.0%21.0%31.1%17.2%2.7%-1.0%4.5M-16.2M-251.5K0.178.32N/AN/A5,8831,01841,98519,973
2018-09-10$30.11$30.0017.7%5.0%21.4%33.1%16.8%3.3%-0.8%5.6M-25.4M-256.4K0.378.28N/AN/A3,2911,22242,06020,078
2018-09-11$30.15$30.0018.4%5.1%21.2%28.3%16.2%3.5%-1.1%5.6M-25.9M-256.6K0.8711.90N/AN/A3,9603,45141,75920,424
2018-09-12$30.18$30.0017.4%5.0%21.1%24.0%17.9%2.4%-0.6%6.0M-25.6M-273.6K0.7813.17N/AN/A2,5772,01243,36622,518
2018-09-13$30.25$30.0017.4%5.0%21.1%24.1%16.9%3.7%-0.7%6.6M-28.5M-280.4K0.4210.86N/AN/A2,5641,06643,57722,583
2018-09-14$30.15$30.0016.3%4.7%20.8%19.3%17.0%2.4%0.4%6.4M-23.5M-267.7K0.1315.92N/AN/A7,30192543,49522,729
2018-09-17$30.48$30.0017.3%5.0%20.8%23.5%15.8%2.9%-0.4%6.3M-27.5M-263.5K0.3613.08N/AN/A2,56991741,10022,748
2018-09-18$30.19$30.0016.8%4.8%20.9%21.5%16.3%1.8%-0.1%5.4M-20.5M-258.3K0.556.38N/AN/A2,4701,34841,49722,879
2018-09-19$29.63$30.0016.8%4.8%21.6%21.3%16.9%2.7%-0.1%3.7M-5.0M-244.7K0.588.31N/AN/A2,4541,42341,63522,843
2018-09-20$29.55$30.0016.9%4.8%21.4%21.7%16.8%2.3%-0.2%2.9M-2.5M-239.0K0.589.67N/AN/A2,5081,45741,81722,939
2018-09-21$29.77$30.0016.1%4.6%21.5%18.1%16.1%1.6%0.5%2.9M-4.4M-239.0K0.6511.85N/AN/A2,0861,36242,02622,937
2018-09-24$29.23$30.0017.6%5.0%22.4%23.4%17.1%2.3%0.4%2.0M3.7M-222.9K0.1210.08N/AN/A11,6471,44834,36620,667
2018-09-25$28.75$30.0017.5%5.0%22.9%22.9%18.2%2.4%-0.0%1.9M8.9M-236.9K0.1910.50N/AN/A6,1531,15043,89921,169
2018-09-26$28.57$30.0016.8%4.8%22.9%20.3%16.9%2.6%0.5%1.8M9.4M-234.4K0.5512.53N/AN/A2,2791,24344,32021,372
2018-09-27$28.67$30.0017.1%4.9%22.9%21.4%16.8%2.2%0.9%2.0M8.1M-243.4K0.167.51N/AN/A6,6231,06644,71621,580
2018-09-28$29.25$30.0016.0%4.6%24.1%17.0%16.3%0.9%2.1%3.5M-5.2M-278.1K0.237.22N/AN/A4,5431,03747,20021,650