PPL Options History — January 2019

In January 2019, PPL traded between $28.03 and $31.26. ATM implied volatility averaged 19.6%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 6.3% (HV 20d: 26.0%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2019-01-17: Highest Volume — 12,351 contracts
  • 2019-01-04: Largest IV drop — 15.3% change
  • 2019-01-03: Highest IV Rank — 52.7%
  • 2019-01-02: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.72$28.03$31.26$28.03$31.26
Max Pain$29.00$28.00$30.00$30.00$30.00
ATM IV19.6%15.7%26.4%25.6%18.4%
Expected Move5.6%4.5%7.3%7.3%5.2%
HV 20d26.0%16.5%33.3%30.5%16.5%
HV 60d26.3%25.5%26.9%26.2%25.7%
IV Rank20.9%2.2%52.7%49.0%15.1%
IV Percentile41.1%0.4%94.4%93.3%26.2%
Term Structure-0.0%-1.4%1.9%-0.7%-0.6%
VWIV19.4%16.0%24.9%23.6%17.2%
Skew 25d4.0%2.4%6.5%4.6%4.2%
Skew 10d9.7%4.7%14.5%4.7%7.5%
Call IV 25d17.8%12.8%23.2%23.2%16.3%
Put IV 25d21.8%18.6%27.8%27.8%20.5%
Bid-Ask Spread %17.8711.8931.9415.4919.31
Gamma HHI0.320.140.610.140.49
Net GEX4.2M786.8K12.9M786.8K6.5M
Net DEX-20.1M-68.3M15.6M15.5M-68.3M
Net VEX-306.2K-405.4K-234.0K-236.3K-404.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.122.340.840.27
Total Volume3,101.52456112,3518191,735
Total OI78,705.8159,46396,83479,88375,304

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$28.03$30.0025.6%7.3%30.5%49.0%23.6%4.6%-0.7%786.8K15.5M-236.3K0.8415.49N/AN/A44437557,11122,772
2019-01-03$28.09$28.0026.4%7.3%30.5%52.7%24.9%3.7%-1.4%808.4K15.6M-234.0K0.6519.88N/AN/A47330957,12922,833
2019-01-04$28.77$28.0022.3%6.3%32.1%33.6%22.0%4.5%-0.4%1.4M7.6M-243.7K0.9118.50N/AN/A1,2211,10757,11122,881
2019-01-07$28.97$29.0022.4%6.2%32.3%33.7%21.3%4.8%-0.3%1.6M3.4M-246.1K0.5918.61N/AN/A48728557,43522,951
2019-01-08$29.24$29.0022.0%6.1%32.3%32.0%20.3%4.2%-1.0%2.2M-2.3M-254.1K0.7516.51N/AN/A99474457,71322,852
2019-01-09$29.30$29.0021.3%6.1%32.4%29.0%20.3%4.0%-0.7%2.1M-2.8M-253.8K1.1117.40N/AN/A77385757,99323,161
2019-01-10$29.54$29.0019.6%5.6%32.4%20.6%19.9%4.3%-0.3%2.6M-7.3M-258.9K0.1218.08N/AN/A4,56056158,13723,395
2019-01-11$29.51$29.0018.7%5.4%32.2%16.5%18.4%4.0%0.6%3.0M-9.3M-277.2K0.4411.89N/AN/A70230862,45723,389
2019-01-14$28.86$29.0021.1%6.1%32.8%27.9%21.7%4.0%-1.4%1.6M5.9M-249.4K0.9520.00N/AN/A62058762,70323,413
2019-01-15$29.32$29.0020.5%5.9%33.3%25.0%20.0%3.8%-0.7%2.5M-3.9M-261.0K0.4914.36N/AN/A1,38967562,88323,636
2019-01-16$29.66$29.0017.9%5.1%32.9%13.0%19.6%4.0%0.5%3.5M-11.8M-264.9K0.8818.04N/AN/A84374663,49223,889
2019-01-17$29.93$29.0018.2%5.2%22.0%14.0%18.4%2.9%0.5%5.2M-21.8M-275.7K0.7116.50N/AN/A7,2245,12763,84924,135
2019-01-18$30.02$29.0018.1%5.2%21.9%13.5%17.3%3.1%0.3%12.9M-28.6M-315.1K0.1416.62N/AN/A7,6241,04268,68628,148
2019-01-22$29.74$29.0016.5%4.7%21.9%6.1%16.8%3.8%1.5%3.9M-22.6M-317.3K0.3020.20N/AN/A3,6141,07440,20219,261
2019-01-23$30.38$29.0018.1%5.2%22.6%13.8%18.3%5.7%-0.1%5.1M-37.4M-339.1K0.5113.30N/AN/A6,3673,27542,41519,710
2019-01-24$30.68$29.0015.7%4.5%18.7%2.2%16.8%2.9%1.9%6.1M-51.0M-396.5K0.7019.25N/AN/A1,14279848,03122,254
2019-01-25$30.69$29.0016.4%4.7%16.9%5.8%17.9%2.9%0.4%6.3M-50.7M-398.0K2.3416.15N/AN/A5861,37348,85422,300
2019-01-28$30.61$29.0017.1%4.9%16.9%8.9%16.0%6.5%0.9%6.4M-48.9M-397.5K0.3413.50N/AN/A41914249,08823,347
2019-01-29$30.57$29.0017.8%5.1%17.0%12.4%17.9%2.4%0.5%6.3M-48.2M-405.4K0.7931.94N/AN/A1,5471,21849,66523,464
2019-01-30$30.87$29.0018.3%5.2%17.1%14.5%18.5%3.4%0.0%6.4M-56.1M-402.1K0.8019.84N/AN/A98378250,41624,357
2019-01-31$31.26$30.0018.4%5.2%16.5%15.1%17.2%4.2%-0.6%6.5M-68.3M-404.3K0.2719.31N/AN/A1,36836750,90124,403