PPL Options History — June 2020

In June 2020, PPL traded between $25.05 and $30.56. ATM implied volatility averaged 36.9%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 9.6% (HV 20d: 46.5%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.36.

Notable Days

  • 2020-06-08: Highest Volume — 43,652 contracts
  • 2020-06-09: Largest IV spike — 37.1% change
  • 2020-06-11: Highest IV Rank — 36.0%
  • 2020-06-11: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.32$25.05$30.56$28.60$25.80
Max Pain$27.14$25.00$28.00$25.00$27.00
ATM IV36.9%26.4%44.6%32.0%34.4%
Expected Move10.6%8.5%12.8%9.2%9.9%
HV 20d46.5%40.4%55.1%50.5%40.4%
HV 60d68.7%49.7%85.0%84.9%49.7%
IV Rank27.1%15.1%36.0%21.5%24.3%
IV Percentile77.3%71.0%83.3%75.4%71.0%
Term Structure-0.6%-5.6%3.1%-1.2%3.1%
VWIV36.9%27.8%45.3%33.1%32.6%
Skew 25d9.1%6.2%14.6%6.2%12.3%
Skew 10d19.8%7.8%35.7%20.7%22.4%
Call IV 25d33.9%27.5%39.8%30.9%31.0%
Put IV 25d43.1%34.1%52.7%37.2%43.3%
Bid-Ask Spread %26.2911.1964.4516.3519.46
Gamma HHI0.210.110.300.290.21
Net GEX2.0M1.0M3.3M3.1M1.3M
Net DEX-18.8M-72.9M7.4M-40.6M4.8M
Net VEX-267.8K-314.4K-219.6K-273.5K-219.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.011.340.180.55
Total Volume4,99972243,6522,033813
Total OI75,602.09168,30283,08868,30282,505

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$28.60$25.0032.0%9.2%50.5%21.5%33.1%6.2%-1.2%3.1M-40.6M-273.5K0.1816.35N/AN/A1,72231148,26020,042
2020-06-02$28.94$25.0030.5%8.8%50.5%19.8%33.6%8.2%0.7%3.3M-45.6M-266.0K0.1915.91N/AN/A3,61869448,58120,013
2020-06-03$30.04$25.0031.8%9.1%51.6%21.3%34.1%6.6%-0.4%3.1M-63.9M-288.1K0.2621.88N/AN/A3,69196748,96720,199
2020-06-04$29.75$26.0029.8%8.7%48.4%19.0%28.9%7.2%1.7%3.3M-58.1M-281.2K0.2715.13N/AN/A3,56596949,41220,564
2020-06-05$30.06$26.0030.3%8.5%48.3%19.5%29.1%7.0%2.2%3.3M-65.8M-298.6K0.0434.18N/AN/A4,89820150,69420,644
2020-06-08$30.56$27.0026.4%8.5%43.7%15.1%27.8%6.6%0.3%2.2M-72.9M-300.8K0.0123.39N/AN/A43,40225051,76920,703
2020-06-09$28.31$28.0036.2%10.2%51.5%26.3%36.1%6.6%-0.9%2.0M-22.0M-314.4K0.3935.40N/AN/A2,53398448,83320,752
2020-06-10$27.91$28.0034.8%10.0%51.4%24.8%34.9%8.5%0.4%1.8M-16.0M-296.9K0.5230.59N/AN/A1,57281649,22421,147
2020-06-11$26.43$28.0044.6%12.8%55.1%36.0%41.0%10.4%-5.6%1.1M-444.5K-258.2K0.2064.45N/AN/A10,0072,03049,34021,298
2020-06-12$26.55$28.0041.9%12.0%54.1%32.9%42.6%14.6%-4.3%1.4M-3.8M-273.4K0.4133.54N/AN/A1,72470954,78422,372
2020-06-15$26.72$28.0042.8%12.3%52.1%33.9%44.9%11.7%-3.1%1.6M-7.7M-287.3K0.7636.76N/AN/A73255454,83522,625
2020-06-16$27.14$28.0043.6%12.5%44.6%34.9%43.1%12.6%-5.0%2.3M-18.8M-310.9K0.4030.27N/AN/A66727060,48722,601
2020-06-17$26.86$28.0040.5%11.6%42.9%31.3%36.7%11.8%-2.7%1.8M-8.5M-284.4K0.0559.71N/AN/A4,07219055,10122,690
2020-06-18$26.79$28.0039.6%11.3%42.9%30.2%45.3%9.8%-0.2%2.1M-10.7M-287.5K1.3433.23N/AN/A30941358,50722,659
2020-06-19$26.56$28.0039.7%11.4%43.1%30.4%39.9%8.6%-0.7%1.8M-4.4M-267.6K0.6423.61N/AN/A44528458,55222,948
2020-06-22$26.38$28.0039.4%11.3%43.2%30.0%36.6%8.6%1.0%1.7M-2.2M-249.0K0.3311.19N/AN/A1,48249256,06519,365
2020-06-23$25.81$28.0037.6%10.8%43.0%27.9%40.1%7.3%0.1%1.4M1.9M-238.3K0.3811.26N/AN/A2,9101,11256,83619,679
2020-06-24$25.60$27.0039.1%11.2%42.7%29.7%36.5%9.6%0.2%1.1M5.6M-221.2K0.1216.24N/AN/A5,71469557,08019,799
2020-06-25$25.55$27.0037.5%10.7%41.0%27.8%35.7%9.3%1.2%1.3M3.7M-230.9K0.1312.21N/AN/A1,41917960,55820,260
2020-06-26$25.05$27.0040.7%11.7%40.5%31.5%41.5%8.1%-0.6%1.0M7.4M-219.6K0.4714.81N/AN/A51024260,87920,315
2020-06-29$25.64$27.0037.7%10.8%40.6%28.1%38.0%10.0%-0.2%1.3M4.3M-225.1K0.1818.83N/AN/A1,53227960,85620,446
2020-06-30$25.80$27.0034.4%9.9%40.4%24.3%32.6%12.3%3.1%1.3M4.8M-219.6K0.5519.46N/AN/A52628761,92720,578