PPL Options History — March 2019

In March 2019, PPL traded between $31.59 and $32.75. ATM implied volatility averaged 15.2%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.9% (HV 20d: 11.3%). Max pain ranged from $29.00 to $33.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-03-06: Highest Volume — 35,692 contracts
  • 2019-03-04: Largest IV spike — 18.3% change
  • 2019-03-25: Highest IV Rank — 27.3%
  • 2019-03-04: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.28$31.59$32.75$32.24$31.73
Max Pain$31.15$29.00$33.00$31.00$32.00
ATM IV15.2%13.2%17.9%15.1%15.1%
Expected Move4.6%4.2%5.1%4.3%4.8%
HV 20d11.3%9.9%14.1%10.9%14.1%
HV 60d18.4%13.4%21.8%21.8%14.4%
IV Rank19.5%10.6%27.3%15.6%21.4%
IV Percentile5.5%0.4%24.6%0.4%4.0%
Term Structure1.1%0.2%1.9%0.2%1.8%
VWIV17.1%14.7%31.4%18.6%16.5%
Skew 25d3.1%1.1%8.1%8.1%2.2%
Skew 10d6.7%0.5%11.8%5.9%6.8%
Call IV 25d13.4%9.6%15.2%9.6%14.9%
Put IV 25d16.5%14.2%17.9%17.7%17.0%
Bid-Ask Spread %17.3410.0934.8111.9013.85
Gamma HHI0.300.260.360.290.26
Net GEX6.8M5.1M8.7M8.6M6.5M
Net DEX-65.2M-106.4M-34.8M-93.2M-35.4M
Net VEX-519.1K-557.5K-485.3K-509.4K-523.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.022.480.371.10
Total Volume3,935.52428935,6926,2861,002
Total OI85,493.71477,50895,28692,34988,574

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$32.24$31.0015.1%4.3%10.9%15.6%18.6%8.1%0.2%8.6M-93.2M-509.4K0.3711.90N/AN/A4,5791,70763,90928,440
2019-03-04$32.32$31.0017.9%5.1%10.7%26.6%20.3%4.0%0.3%8.5M-95.0M-527.2K0.5813.21N/AN/A94954864,57828,852
2019-03-05$32.48$31.0017.5%5.0%10.4%24.9%17.4%3.2%1.3%8.5M-106.4M-485.3K1.3910.09N/AN/A7831,09165,04129,232
2019-03-06$32.38$31.0017.0%4.9%10.6%22.8%31.4%3.2%0.7%8.7M-101.7M-494.9K0.0211.64N/AN/A34,86283065,19230,094
2019-03-07$32.05$32.0015.0%4.3%11.1%15.2%16.0%3.1%0.3%5.4M-54.2M-520.9K0.0610.09N/AN/A8,47054051,63530,620
2019-03-08$31.89$32.0014.5%4.2%11.2%16.4%15.6%2.6%1.2%5.1M-45.9M-516.1K0.0712.66N/AN/A5,36336051,81430,798
2019-03-11$32.31$29.0016.0%4.5%11.7%23.4%14.7%2.7%0.9%6.4M-58.5M-510.3K1.1920.98N/AN/A32939251,39730,803
2019-03-12$32.50$29.0015.2%4.6%11.3%19.4%14.8%3.3%0.9%6.5M-66.9M-509.7K0.7819.79N/AN/A56744551,59830,765
2019-03-13$32.55$29.0013.4%4.3%11.2%10.6%16.5%2.2%1.6%6.9M-68.1M-508.8K0.3721.54N/AN/A43716051,82030,762
2019-03-14$32.59$29.0013.7%4.3%10.9%13.5%16.1%2.6%1.6%7.1M-68.5M-509.8K0.1922.05N/AN/A59311551,86630,841
2019-03-15$32.75$29.0013.2%4.3%10.1%11.0%15.6%1.1%1.6%6.3M-76.5M-500.4K0.2425.79N/AN/A74617651,97130,868
2019-03-18$32.66$0.0013.7%4.3%9.9%13.6%16.2%2.2%1.0%6.1M-64.9M-507.2K0.7519.46N/AN/A57042749,08628,422
2019-03-19$32.01$32.0014.5%4.5%13.0%18.2%15.6%2.8%0.9%6.0M-47.3M-499.0K2.4817.96N/AN/A36891349,41328,737
2019-03-20$32.15$32.0014.5%4.5%11.4%18.1%15.9%3.7%0.9%5.8M-50.5M-501.6K0.0634.81N/AN/A4,69025849,47429,444
2019-03-21$32.27$32.0014.5%4.5%11.3%18.0%14.9%3.5%1.2%6.7M-57.3M-531.0K1.7015.27N/AN/A8521,44953,77729,476
2019-03-22$32.28$32.0015.6%4.7%11.2%24.0%16.2%3.3%0.7%6.6M-56.5M-545.3K0.4520.22N/AN/A3,5351,58653,89330,416
2019-03-25$32.38$32.0016.2%4.9%11.2%27.3%16.0%2.0%1.0%7.1M-62.6M-555.8K0.6014.28N/AN/A18110857,08230,456
2019-03-26$32.40$33.0016.0%4.7%10.8%26.0%16.3%4.3%1.0%7.4M-63.6M-557.5K0.4217.91N/AN/A54823257,16430,506
2019-03-27$32.40$32.0015.2%4.8%10.8%21.8%16.7%3.3%1.9%7.4M-61.1M-554.3K1.3315.67N/AN/A31141357,53030,627
2019-03-28$31.59$33.0015.3%5.0%14.1%22.1%17.0%2.7%1.8%6.2M-34.8M-533.1K1.0915.02N/AN/A55660557,56830,827
2019-03-29$31.73$32.0015.1%4.8%14.1%21.4%16.5%2.2%1.8%6.5M-35.4M-523.7K1.1013.85N/AN/A47852457,61130,963