PPL Options History — March 2020

In March 2020, PPL traded between $18.36 and $32.03. ATM implied volatility averaged 64.7%, placing in the 83.9% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded below realized volatility by 10.7% (HV 20d: 75.4%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2020-03-26: Highest Volume — 7,907 contracts
  • 2020-03-09: Largest IV spike — 42.7% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-19: Largest Expected Move — 28.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.14$18.36$32.03$31.53$24.70
Max Pain$31.77$30.00$35.00$35.00$30.00
ATM IV64.7%27.4%100.4%29.5%64.1%
Expected Move18.2%7.9%28.8%8.5%18.4%
HV 20d75.4%39.2%122.2%39.4%121.2%
HV 60d47.3%27.8%73.1%27.9%73.1%
IV Rank83.9%58.3%100.0%73.1%58.3%
IV Percentile99.0%95.6%100.0%99.6%95.6%
Term Structure-10.1%-29.0%0.5%-4.2%-7.4%
VWIV60.5%28.2%93.0%28.8%64.3%
Skew 25d14.4%2.1%30.7%6.0%14.0%
Skew 10d23.4%-12.3%68.9%16.7%31.1%
Call IV 25d59.3%25.7%99.0%28.1%57.2%
Put IV 25d73.6%32.5%112.0%34.1%71.2%
Bid-Ask Spread %56.9817.2680.3217.2662.33
Gamma HHI0.110.080.160.140.10
Net GEX665.2K18.0K2.0M1.0M253.8K
Net DEX12.2M-12.3M28.1M-1.7M17.1M
Net VEX-226.2K-304.7K-92.5K-249.2K-185.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.052.540.051.53
Total Volume3,107.6824327,9077,386925
Total OI70,134.54560,56175,97760,56171,850

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$31.53$35.0029.5%8.5%39.4%73.1%28.8%6.0%-4.2%1.0M-1.7M-249.2K0.0517.26N/AN/A7,05932743,96816,593
2020-03-03$31.36$34.0033.6%9.6%39.2%91.3%32.1%7.9%-4.6%1.5M-2.6M-262.7K0.4253.62N/AN/A2,5761,08048,02816,739
2020-03-04$32.03$33.0027.4%7.9%40.4%63.7%28.2%6.8%-1.3%2.0M-12.3M-284.0K0.1928.54N/AN/A1,76433049,51017,508
2020-03-05$31.52$32.0032.8%8.3%40.3%88.0%34.7%7.0%-4.9%1.8M-7.2M-287.1K2.3039.19N/AN/A13130149,87417,585
2020-03-06$31.49$32.0042.2%10.8%40.4%100.0%34.6%6.3%-8.3%1.6M-8.9M-304.7K0.7155.79N/AN/A2,2221,58549,97817,808
2020-03-09$29.37$32.0060.2%13.5%46.0%100.0%47.0%12.2%-14.2%1.0M7.9M-280.8K1.4945.91N/AN/A7281,08551,27619,255
2020-03-10$29.65$32.0053.8%12.6%46.5%86.3%45.1%10.9%-10.0%1.0M5.8M-289.9K0.7535.75N/AN/A1,8821,40551,50519,611
2020-03-11$29.27$32.0049.5%14.2%46.2%77.3%50.3%12.4%-10.4%979.9K6.2M-298.3K1.3346.51N/AN/A2,1652,88251,97320,555
2020-03-12$26.56$32.0056.1%16.1%55.0%91.2%56.6%12.8%-4.0%449.9K19.6M-257.7K0.3268.83N/AN/A1,12436553,81221,136
2020-03-13$26.39$32.0064.0%18.4%54.9%100.0%52.9%20.4%0.5%433.2K16.0M-271.3K2.5480.32N/AN/A5011,27354,08421,188
2020-03-16$24.04$32.0082.2%23.6%61.3%100.0%79.1%2.1%-24.4%268.3K24.4M-221.0K0.6860.70N/AN/A78753554,20921,581
2020-03-17$25.53$32.0071.6%20.5%66.2%84.7%74.8%16.0%-18.0%345.4K20.0M-249.0K0.5357.06N/AN/A1,15761154,27821,699
2020-03-18$21.21$32.0099.6%28.6%89.2%100.0%69.9%23.7%-29.0%129.3K27.9M-166.0K0.0859.58N/AN/A5,66144453,82621,651
2020-03-19$21.76$32.00100.4%28.8%90.4%100.0%93.0%12.9%-21.4%103.9K27.0M-174.9K0.3865.30N/AN/A51919853,21321,275
2020-03-20$20.72$32.0077.6%22.2%90.0%73.8%74.0%30.7%-10.4%61.9K28.1M-132.7K0.4479.52N/AN/A2,4381,06953,35019,872
2020-03-23$18.36$31.0091.5%26.2%95.6%89.7%82.3%22.4%-3.8%18.0K25.6M-92.5K0.2864.00N/AN/A1,31337443,83518,213
2020-03-24$21.13$31.0080.0%22.9%113.7%76.6%78.8%21.8%-9.4%40.8K25.7M-120.7K0.3466.91N/AN/A3,5941,20444,38018,270
2020-03-25$22.82$31.0081.8%23.4%119.1%78.6%79.6%17.2%-11.0%170.4K18.8M-176.1K0.6273.48N/AN/A1,8651,15546,19619,096
2020-03-26$24.38$30.0082.0%23.5%121.7%78.9%80.2%20.4%-11.6%295.4K14.9M-198.3K0.1365.46N/AN/A7,01689147,16219,854
2020-03-27$25.35$30.0078.7%22.6%122.2%75.0%78.9%15.2%-12.5%592.0K6.6M-244.6K0.6560.20N/AN/A90859053,07020,198
2020-03-30$25.85$30.0065.8%18.9%120.6%60.2%65.2%16.4%-3.0%504.1K9.4M-229.9K0.0967.24N/AN/A3,97535553,24120,655
2020-03-31$24.70$30.0064.1%18.4%121.2%58.3%64.3%14.0%-7.4%253.8K17.1M-185.1K1.5362.33N/AN/A36655950,99120,859