PPL Options History — April 2020

In April 2020, PPL traded between $21.73 and $26.81. ATM implied volatility averaged 55.8%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 46.4% (HV 20d: 102.2%). Max pain ranged from $22.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2020-04-16: Highest Volume — 6,801 contracts
  • 2020-04-17: Largest IV drop — 12.2% change
  • 2020-04-01: Highest IV Rank — 70.8%
  • 2020-04-01: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.12$21.73$26.81$22.52$25.39
Max Pain$24.00$22.00$30.00$30.00$25.00
ATM IV55.8%41.0%75.0%75.0%44.7%
Expected Move15.7%11.8%21.5%21.5%12.8%
HV 20d102.2%58.9%131.0%123.8%58.9%
HV 60d80.2%75.2%82.6%75.2%82.6%
IV Rank48.8%31.9%70.8%70.8%36.1%
IV Percentile90.7%85.3%96.4%96.4%86.1%
Term Structure-6.8%-14.5%-0.2%-9.0%-1.7%
VWIV53.7%36.0%76.8%76.8%44.9%
Skew 25d15.1%11.9%19.8%19.8%13.5%
Skew 10d33.0%17.7%48.4%23.2%17.7%
Call IV 25d48.4%33.7%70.0%70.0%38.7%
Put IV 25d63.5%45.5%89.8%89.8%52.2%
Bid-Ask Spread %40.8914.0079.3679.3627.33
Gamma HHI0.130.090.200.110.10
Net GEX343.8K71.6K535.9K167.6K266.1K
Net DEX10.7M-163.0K25.9M22.9M10.2M
Net VEX-191.0K-235.5K-129.1K-156.9K-176.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.146.011.100.82
Total Volume1,786.5244506,801927794
Total OI67,372.42953,88785,56072,09359,140

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$22.52$30.0075.0%21.5%123.8%70.8%76.8%19.8%-9.0%167.6K22.9M-156.9K1.1079.36N/AN/A44148651,16220,931
2020-04-02$22.79$22.0068.7%17.6%124.2%63.6%57.8%12.9%-14.5%133.9K22.7M-149.6K0.6352.65N/AN/A52233051,19920,674
2020-04-03$21.73$22.0067.8%17.7%124.6%62.5%59.9%16.6%-10.7%71.6K25.9M-129.1K0.6146.78N/AN/A91355451,24620,691
2020-04-06$23.84$22.0060.2%16.3%129.0%53.8%56.1%14.1%-8.7%146.4K19.5M-165.8K0.5763.70N/AN/A77844050,91220,826
2020-04-07$24.93$22.0060.6%16.3%130.3%54.3%50.6%13.2%-9.1%240.7K12.8M-191.1K0.2554.73N/AN/A2,58463751,17620,610
2020-04-08$25.70$23.0055.9%16.0%131.0%48.9%51.7%17.2%-11.2%340.3K9.5M-197.9K0.3844.56N/AN/A1,16044352,89520,567
2020-04-09$26.81$23.0057.4%16.5%127.5%50.7%61.1%17.3%-11.1%523.3K-163.0K-235.5K0.5436.81N/AN/A3,2731,75253,49620,649
2020-04-13$25.89$23.0059.6%17.1%128.2%53.1%66.2%19.2%-9.7%431.3K6.4M-217.6K1.7243.49N/AN/A31654455,64621,658
2020-04-14$26.49$23.0057.5%16.5%123.6%50.7%57.8%15.8%-10.4%477.0K3.5M-220.8K1.1533.33N/AN/A85298155,69421,986
2020-04-15$25.40$24.0059.7%17.1%122.9%53.2%66.1%17.1%-12.2%362.4K11.1M-203.2K6.0152.45N/AN/A2901,74255,92522,652
2020-04-16$25.38$24.0059.4%17.0%101.6%52.9%47.9%15.5%-10.0%363.6K13.2M-195.1K0.1828.09N/AN/A5,7641,03756,02223,944
2020-04-17$26.37$24.0052.1%14.9%102.0%44.6%47.4%12.3%-7.2%535.9K4.4M-218.8K0.1852.44N/AN/A1,91734961,40824,152
2020-04-20$25.36$24.0054.4%15.6%101.3%47.2%53.1%14.6%-5.3%425.4K7.4M-198.9K0.9136.82N/AN/A73466936,21917,668
2020-04-21$24.53$24.0054.8%15.7%90.4%47.7%56.9%13.8%-1.1%267.0K11.1M-185.7K0.8142.25N/AN/A59348236,62618,213
2020-04-22$25.46$24.0054.9%15.7%77.9%47.8%53.1%15.2%-2.6%392.3K7.8M-201.3K0.3628.70N/AN/A1,00135936,69318,582
2020-04-23$25.30$25.0053.6%15.4%73.8%46.3%50.3%14.5%-3.2%345.2K8.9M-196.3K0.7732.70N/AN/A31124137,29518,768
2020-04-24$25.60$25.0047.6%13.6%70.3%39.4%46.7%14.1%-1.8%409.8K8.2M-194.3K0.1739.32N/AN/A3846637,47618,940
2020-04-27$25.64$25.0045.5%13.0%69.0%37.0%47.3%13.0%-1.6%365.1K8.2M-191.4K0.1926.12N/AN/A1,43926837,56618,983
2020-04-28$25.95$25.0041.3%11.8%68.7%32.2%40.8%14.8%-0.2%440.3K7.0M-190.8K0.5414.00N/AN/A67937038,84819,170
2020-04-29$26.40$25.0041.0%11.8%66.8%31.9%36.0%11.9%-0.6%513.6K5.0M-194.7K0.1423.16N/AN/A89512739,26419,249
2020-04-30$25.39$25.0044.7%12.8%58.9%36.1%44.9%13.5%-1.7%266.1K10.2M-176.3K0.8227.33N/AN/A43635839,87719,263