PPL Options History — February 2021

In February 2021, PPL traded between $26.38 and $28.12. ATM implied volatility averaged 24.2%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 9.6% (HV 20d: 14.5%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2021-02-19: Highest Volume — 8,964 contracts
  • 2021-02-02: Largest IV drop — 12.3% change
  • 2021-02-01: Highest IV Rank — 13.0%
  • 2021-02-01: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.73$26.38$28.12$27.99$26.38
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV24.2%22.2%27.2%27.2%24.6%
Expected Move7.0%6.4%7.8%7.8%7.1%
HV 20d14.5%12.7%17.6%17.6%14.7%
HV 60d21.7%17.0%26.3%26.3%17.5%
IV Rank9.3%7.1%13.0%13.0%9.7%
IV Percentile19.9%6.3%42.9%42.9%21.8%
Term Structure-0.5%-2.2%2.8%0.0%-2.2%
VWIV23.8%21.7%26.6%26.6%23.9%
Skew 25d2.8%-1.0%4.9%4.9%2.2%
Skew 10d8.4%2.7%17.8%11.5%5.4%
Call IV 25d22.8%20.1%25.6%25.6%22.6%
Put IV 25d25.6%22.5%30.5%30.5%24.8%
Bid-Ask Spread %51.9423.3070.1965.0356.89
Gamma HHI0.240.150.370.250.15
Net GEX4.3M418.5K6.4M4.9M418.5K
Net DEX-20.0M-32.4M11.4M-32.4M11.4M
Net VEX-262.6K-298.1K-208.6K-298.1K-208.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.073.650.081.36
Total Volume2,674.5267488,9641,9132,617
Total OI80,367.47471,24488,26077,81677,526

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$27.99$28.0027.2%7.8%17.6%13.0%26.6%4.9%0.0%4.9M-32.4M-298.1K0.0865.03N/AN/A1,77913461,53716,279
2021-02-02$27.98$28.0023.8%6.8%16.4%9.0%24.8%4.4%1.4%5.0M-30.2M-288.3K0.6351.20N/AN/A1,01563961,95016,345
2021-02-03$27.78$28.0022.2%6.4%16.6%7.1%22.3%2.0%2.8%4.7M-25.4M-279.9K0.2561.49N/AN/A1,45836562,28216,605
2021-02-04$27.79$28.0023.0%7.0%15.2%8.0%23.1%3.1%-1.0%4.9M-25.5M-276.6K0.7424.57N/AN/A77057063,01316,699
2021-02-05$27.87$28.0022.8%7.1%14.8%7.8%24.1%3.3%-0.8%5.1M-25.7M-279.1K1.9552.41N/AN/A41380463,34417,027
2021-02-08$27.88$28.0023.7%7.2%14.8%8.9%24.4%2.7%-0.9%5.1M-24.5M-278.0K0.3555.32N/AN/A69224363,40617,752
2021-02-09$27.94$28.0024.9%7.0%14.8%10.4%23.9%2.7%-0.3%5.3M-25.5M-274.7K0.3036.05N/AN/A57717163,54417,953
2021-02-10$28.12$28.0025.6%7.3%14.9%11.2%24.2%2.9%-1.9%6.0M-32.0M-281.7K0.0947.94N/AN/A2,90126863,91618,020
2021-02-11$27.91$28.0025.0%7.2%14.8%10.4%24.8%2.4%-2.0%5.6M-26.5M-277.5K1.0851.88N/AN/A44648266,08818,156
2021-02-12$27.95$28.0025.6%7.3%14.4%11.1%23.6%3.4%-1.0%5.7M-26.4M-274.5K0.3170.19N/AN/A96330266,13218,398
2021-02-16$27.99$28.0025.7%7.4%14.2%11.3%24.6%3.2%-1.7%6.0M-27.4M-265.4K0.2164.43N/AN/A1,46830766,28118,630
2021-02-17$28.05$28.0026.4%7.6%13.6%12.0%25.5%1.2%-1.5%6.4M-28.8M-263.9K0.1553.87N/AN/A4,04059866,98718,768
2021-02-18$27.86$28.0024.0%6.9%13.7%9.0%23.3%2.4%-1.1%6.2M-20.4M-247.8K0.2863.91N/AN/A4,9701,38068,31419,030
2021-02-19$27.65$28.0022.8%6.5%13.5%7.6%22.5%2.5%0.3%2.1M-8.6M-237.5K0.0752.28N/AN/A8,39656868,55019,710
2021-02-22$27.54$28.0022.6%6.5%13.4%7.3%22.8%4.4%0.2%2.3M-9.4M-242.1K0.2623.30N/AN/A3,24185554,59116,653
2021-02-23$27.55$28.0022.6%6.5%12.9%7.3%21.7%4.0%0.8%2.4M-10.6M-247.7K0.3158.77N/AN/A1,95561456,71817,365
2021-02-24$27.55$28.0022.8%6.5%12.7%7.6%22.9%2.5%-0.2%2.3M-9.4M-243.1K0.7745.42N/AN/A88668556,70717,614
2021-02-25$27.02$28.0023.7%6.8%13.4%8.6%23.7%-1.0%-0.5%1.5M-1.8M-225.5K3.6551.95N/AN/A6982,54657,11917,973
2021-02-26$26.38$28.0024.6%7.1%14.7%9.7%23.9%2.2%-2.2%418.5K11.4M-208.6K1.3656.89N/AN/A1,1091,50857,22520,301