PPL Options History — December 2018

In December 2018, PPL traded between $27.51 and $31.04. ATM implied volatility averaged 23.3%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 3.7% (HV 20d: 27.0%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.83.

Notable Days

  • 2018-12-26: Highest Volume — 6,515 contracts
  • 2018-12-12: Largest IV drop — 17.3% change
  • 2018-12-26: Highest IV Rank — 67.1%
  • 2018-12-26: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.54$27.51$31.04$31.04$28.30
Max Pain$30.15$30.00$31.00$31.00$30.00
ATM IV23.3%18.5%29.5%18.5%26.6%
Expected Move6.6%5.3%8.4%5.3%7.6%
HV 20d27.0%17.8%31.3%26.5%31.3%
HV 60d23.7%21.5%26.7%21.8%26.2%
IV Rank40.5%20.4%67.1%20.4%53.6%
IV Percentile75.8%37.3%98.4%37.3%94.8%
Term Structure-0.9%-2.8%0.5%-0.3%-1.0%
VWIV23.0%18.5%28.8%18.5%24.9%
Skew 25d4.1%2.4%6.7%3.7%5.1%
Skew 10d8.2%-0.4%19.1%11.4%11.2%
Call IV 25d21.6%17.8%26.8%17.8%24.1%
Put IV 25d25.7%21.1%33.5%21.5%29.2%
Bid-Ask Spread %16.8112.8421.3320.8618.11
Gamma HHI0.200.140.260.230.14
Net GEX2.7M-113.6K5.3M4.3M1.1M
Net DEX-6.7M-38.4M24.1M-23.7M11.7M
Net VEX-286.4K-336.6K-227.6K-320.3K-246.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.074.460.072.13
Total Volume2,680.83336,5152,6691,091
Total OI78,565.8574,94884,31276,29079,638

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$31.04$31.0018.5%5.3%26.5%20.4%18.5%3.7%-0.3%4.3M-23.7M-320.3K0.0720.86N/AN/A2,49317652,11324,177
2018-12-04$30.71$31.0019.8%5.7%26.7%25.8%20.2%3.7%-0.3%3.9M-19.9M-320.9K0.1614.83N/AN/A1,11117953,04824,152
2018-12-05$30.72$31.0020.0%5.7%26.7%26.7%20.4%4.4%0.4%4.0M-19.3M-316.8K0.1616.17N/AN/A1,13518053,04824,152
2018-12-06$30.54$30.0019.4%5.7%26.1%24.5%22.3%4.1%-0.1%3.5M-12.5M-311.3K0.3915.38N/AN/A1,98177853,48824,168
2018-12-07$30.77$30.0020.2%5.6%26.3%27.6%19.6%3.0%-0.0%4.5M-29.3M-336.6K0.8321.33N/AN/A90475053,87624,696
2018-12-10$30.81$30.0021.9%5.6%25.8%35.5%19.8%4.1%0.5%4.8M-34.2M-334.4K1.2712.93N/AN/A16120454,10923,365
2018-12-11$30.48$30.0022.9%6.1%26.0%40.0%20.3%3.3%-0.5%4.2M-26.6M-321.1K1.1515.13N/AN/A15517854,10223,275
2018-12-12$30.76$30.0019.0%5.4%26.0%22.4%21.2%4.1%-0.1%4.8M-32.3M-325.0K0.2814.13N/AN/A1,29935854,16723,228
2018-12-13$30.90$30.0019.2%5.5%25.8%23.5%19.9%2.4%0.3%5.3M-38.4M-327.8K0.2213.81N/AN/A2,30450754,86223,320
2018-12-14$30.51$30.0019.9%5.7%17.8%26.3%20.8%3.5%-0.5%4.5M-27.9M-316.9K0.9612.84N/AN/A54151755,77423,533
2018-12-17$29.88$30.0021.8%6.2%18.8%34.9%21.4%3.0%-1.0%3.0M-11.8M-295.5K0.5516.39N/AN/A59833055,92523,523
2018-12-18$27.97$30.0025.3%7.3%28.6%50.6%25.5%3.1%-1.5%406.5K24.1M-227.9K1.5613.98N/AN/A2,4293,78355,95823,679
2018-12-19$28.20$30.0024.7%7.1%28.7%44.8%23.1%4.1%-2.4%-113.6K24.1M-232.9K0.1519.77N/AN/A5,30982156,59725,776
2018-12-20$28.60$30.0023.9%6.9%28.0%41.0%24.3%4.4%-0.4%405.9K14.0M-261.9K0.5420.46N/AN/A2,1711,16457,62625,552
2018-12-21$28.38$30.0026.4%7.6%27.7%52.6%24.7%3.4%-1.7%1.2M17.8M-253.5K0.5915.58N/AN/A2,3231,36858,36625,946
2018-12-24$27.51$30.0028.6%8.2%29.2%63.2%28.8%6.7%-2.4%637.0K18.4M-227.6K0.8417.42N/AN/A1,12093753,43421,514
2018-12-26$28.26$30.0029.5%8.4%31.1%67.1%26.9%5.2%-2.8%1.0M11.7M-246.7K0.1018.56N/AN/A5,89661953,53121,488
2018-12-27$28.19$30.0029.4%8.4%31.1%67.1%28.7%6.5%-2.1%1.2M10.5M-250.5K0.2018.83N/AN/A3,48470356,23721,516
2018-12-28$28.26$30.0028.4%8.1%31.2%62.1%28.6%4.5%-2.1%1.3M8.5M-254.4K4.4619.78N/AN/A6522,90756,73521,623
2018-12-31$28.30$30.0026.6%7.6%31.3%53.6%24.9%5.1%-1.0%1.1M11.7M-246.3K2.1318.11N/AN/A34974256,97122,667