PPL Options History — July 2020

In July 2020, PPL traded between $24.43 and $26.49. ATM implied volatility averaged 33.3%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 0.5% (HV 20d: 32.9%). Max pain ranged from $25.00 to $27.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.34.

Notable Days

  • 2020-07-14: Highest Volume — 10,475 contracts
  • 2020-07-13: Largest IV spike — 19.2% change
  • 2020-07-13: Highest IV Rank — 32.4%
  • 2020-07-09: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.75$24.43$26.49$26.31$26.49
Max Pain$25.95$25.00$27.00$27.00$26.00
ATM IV33.3%29.4%41.5%34.4%31.4%
Expected Move9.5%8.4%10.9%9.9%9.0%
HV 20d32.9%27.7%38.3%38.3%33.0%
HV 60d43.3%41.1%46.2%46.2%41.1%
IV Rank23.1%18.6%32.4%24.3%20.9%
IV Percentile67.5%60.3%80.6%70.6%62.3%
Term Structure-0.3%-2.3%2.1%0.9%-1.5%
VWIV32.1%27.4%36.5%34.1%29.2%
Skew 25d8.5%6.8%10.4%9.8%6.8%
Skew 10d17.8%8.0%25.4%20.6%11.1%
Call IV 25d29.0%24.8%34.5%29.7%25.6%
Put IV 25d37.4%32.5%42.0%39.5%32.5%
Bid-Ask Spread %22.7210.9732.9517.0124.76
Gamma HHI0.190.120.250.250.24
Net GEX1.5M91.1K3.5M1.9M3.5M
Net DEX1.4M-16.0M17.3M-944.5K-16.0M
Net VEX-212.2K-257.0K-169.4K-234.9K-255.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.051.050.220.16
Total Volume2,845.27378310,4751,1441,278
Total OI80,031.90960,53497,48482,68678,656

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$26.31$27.0034.4%9.9%38.3%24.3%34.1%9.8%0.9%1.9M-944.5K-234.9K0.2217.01N/AN/A94120361,92820,758
2020-07-02$26.22$27.0031.6%9.0%38.3%21.0%31.0%6.8%2.1%1.8M1.0M-225.4K0.4710.97N/AN/A53225162,21420,703
2020-07-06$25.86$26.0035.3%10.0%37.9%25.3%35.5%8.3%-2.3%1.2M5.8M-205.3K0.4232.71N/AN/A2,4401,01562,42020,677
2020-07-07$25.45$26.0037.1%10.3%36.9%27.4%35.0%9.6%-1.0%745.0K9.9M-190.3K0.4930.10N/AN/A86942562,82520,895
2020-07-08$25.76$26.0033.3%10.1%27.7%23.0%35.0%9.6%0.1%824.2K8.3M-192.0K0.3432.95N/AN/A81627562,63221,132
2020-07-09$24.43$26.0037.9%10.9%32.4%28.3%36.5%7.5%-0.1%91.1K17.3M-169.4K0.2927.11N/AN/A1,90855162,94921,155
2020-07-10$25.32$26.0034.8%10.6%30.6%24.8%33.3%10.4%-1.7%334.2K11.1M-182.2K0.1930.62N/AN/A1,26324063,21021,042
2020-07-13$25.23$26.0041.5%10.8%30.5%32.4%35.6%8.6%-1.8%245.0K11.3M-181.5K0.4324.74N/AN/A81635063,56521,135
2020-07-14$25.70$26.0035.1%10.1%31.2%25.1%34.0%8.2%-1.2%349.1K8.4M-184.2K0.1823.05N/AN/A8,8531,62263,73921,197
2020-07-15$25.78$25.0035.2%10.1%30.6%25.2%32.8%8.8%-1.1%873.2K4.3M-208.3K0.7829.73N/AN/A1,3871,08570,89522,743
2020-07-16$25.89$26.0034.6%9.9%30.6%24.5%34.6%9.6%-0.1%902.9K4.1M-206.0K0.0517.86N/AN/A6,59032770,87022,893
2020-07-17$26.01$26.0032.3%9.3%30.6%21.9%31.7%8.7%-1.2%1.2M-896.8K-216.3K0.0721.43N/AN/A3,89628775,27822,206
2020-07-20$25.43$26.0033.4%9.6%31.5%23.1%32.6%8.7%0.2%1.1M4.8M-195.4K0.6825.90N/AN/A1,34190643,37217,162
2020-07-21$25.31$25.0032.1%9.2%31.4%21.7%28.6%8.7%0.7%1.0M6.7M-187.9K0.0517.13N/AN/A6,98736344,04518,029
2020-07-22$26.16$25.0029.7%8.5%32.8%18.8%28.1%8.1%1.4%2.3M-6.8M-233.2K0.2419.86N/AN/A1,69840350,26518,231
2020-07-23$25.82$26.0029.9%8.6%33.1%19.2%27.4%8.9%1.1%2.0M-3.6M-228.2K0.1818.59N/AN/A2,56846751,23218,428
2020-07-24$25.69$26.0029.4%8.4%33.1%18.6%29.6%7.2%1.3%2.0M-2.6M-225.8K0.0518.09N/AN/A4,60022053,59518,650
2020-07-27$25.21$26.0033.2%9.5%33.0%22.9%32.5%7.6%-0.7%1.8M2.0M-210.6K0.4818.54N/AN/A1,14254558,01618,742
2020-07-28$25.89$26.0030.1%8.6%33.4%19.3%29.7%7.8%-0.1%2.6M-6.5M-236.3K0.4618.54N/AN/A77735758,24519,150
2020-07-29$26.20$26.0030.5%8.7%33.6%19.8%29.0%8.5%-0.9%2.9M-10.3M-243.3K0.2821.56N/AN/A72620458,63919,013
2020-07-30$26.43$26.0030.9%8.9%33.0%20.2%30.5%7.8%0.1%3.3M-15.9M-257.0K1.0518.49N/AN/A52454859,04619,125
2020-07-31$26.49$26.0031.4%9.0%33.0%20.9%29.2%6.8%-1.5%3.5M-16.0M-255.2K0.1624.76N/AN/A1,10417459,35019,306