PPL Options History — March 2021

In March 2021, PPL traded between $26.90 and $29.95. ATM implied volatility averaged 20.2%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 5.3% (HV 20d: 25.5%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.51.

Notable Days

  • 2021-03-18: Highest Volume — 18,074 contracts
  • 2021-03-09: Largest IV spike — 30.7% change
  • 2021-03-09: Highest IV Rank — 8.3%
  • 2021-03-02: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.31$26.90$29.95$26.90$28.80
Max Pain$27.91$27.00$28.00$28.00$28.00
ATM IV20.2%17.8%23.4%21.9%17.8%
Expected Move5.9%5.1%6.6%6.3%5.1%
HV 20d25.5%15.1%33.8%15.3%31.4%
HV 60d20.5%18.0%22.6%18.0%22.1%
IV Rank4.7%1.7%8.3%6.6%2.4%
IV Percentile3.4%0.4%13.5%1.6%0.8%
Term Structure1.4%-1.0%4.3%-0.5%2.2%
VWIV20.1%17.6%22.4%22.0%18.8%
Skew 25d2.2%-0.5%5.2%2.4%1.3%
Skew 10d9.7%1.6%47.4%40.6%7.7%
Call IV 25d19.5%16.2%22.0%20.6%18.6%
Put IV 25d21.7%18.7%24.1%23.0%19.9%
Bid-Ask Spread %51.6629.4579.8852.5144.27
Gamma HHI0.260.150.860.150.25
Net GEX6.2M589.1K47.3M589.1K5.8M
Net DEX-27.7M-90.0M5.7M5.7M-35.6M
Net VEX-286.5K-356.0K-218.3K-218.3K-316.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.061.620.560.51
Total Volume3,214.30468418,0743,346684
Total OI83,232.73977,95995,90478,77984,261

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$26.90$28.0021.9%6.3%15.3%6.6%22.0%2.4%-0.5%589.1K5.7M-218.3K0.5652.51N/AN/A2,1481,19857,40521,374
2021-03-02$27.22$27.0023.2%6.6%15.1%8.0%18.4%5.2%-1.0%1.1M1.2M-226.5K0.0853.24N/AN/A1,66513558,02821,493
2021-03-03$27.53$27.0020.4%5.9%15.8%4.8%22.1%3.2%-0.9%1.6M-4.7M-234.7K1.0553.00N/AN/A85890559,00521,568
2021-03-04$27.85$28.0020.9%6.1%16.2%5.3%21.0%3.4%1.5%2.4M-11.2M-244.5K0.2533.34N/AN/A2,14653659,52822,079
2021-03-05$28.34$28.0017.9%6.0%17.3%1.8%20.4%3.1%1.4%4.9M-24.8M-248.9K0.7648.66N/AN/A1,16388460,04821,890
2021-03-08$28.49$28.0017.9%6.1%17.4%1.7%20.0%2.3%1.4%5.2M-31.3M-264.4K0.1064.84N/AN/A7,61874960,62622,116
2021-03-09$27.28$28.0023.4%6.5%23.5%8.3%22.4%1.9%1.1%1.9M-4.3M-260.1K0.4755.03N/AN/A2,2251,04060,84122,369
2021-03-10$27.40$28.0022.6%6.5%23.5%7.3%21.7%1.2%0.6%2.2M-6.2M-266.5K0.2149.88N/AN/A88218361,13223,004
2021-03-11$27.31$28.0022.7%6.5%23.4%7.4%21.7%1.9%0.5%1.9M-4.0M-258.9K0.5961.10N/AN/A76344761,39723,039
2021-03-12$27.65$28.0021.1%6.1%23.8%5.6%22.2%2.6%1.4%2.9M-10.7M-267.8K1.6263.10N/AN/A9771,58761,62123,258
2021-03-15$28.07$28.0021.5%6.2%24.4%6.0%21.6%2.7%1.3%4.1M-19.7M-273.7K0.4964.29N/AN/A1,11154961,87124,319
2021-03-16$28.38$28.0021.2%6.1%24.7%5.7%20.1%2.9%1.6%4.6M-26.5M-279.3K0.1260.98N/AN/A2,33528462,10624,466
2021-03-17$28.12$28.0020.5%5.9%24.9%4.8%19.7%2.2%1.8%4.7M-21.8M-274.0K0.1372.33N/AN/A2,15727263,08024,530
2021-03-18$29.62$28.0021.8%6.2%30.8%6.4%21.8%2.3%-0.1%11.2M-74.6M-309.1K0.0677.66N/AN/A17,0401,03462,91124,584
2021-03-19$29.95$28.0020.7%5.9%30.7%5.1%20.2%1.5%0.8%47.3M-90.0M-356.0K0.3479.88N/AN/A5,3081,82971,05024,854
2021-03-22$29.10$28.0018.1%5.2%32.7%2.2%18.3%1.2%2.6%5.7M-46.1M-336.7K0.6056.42N/AN/A1,59496155,92422,035
2021-03-23$28.48$28.0018.7%5.3%33.8%3.0%18.7%-0.5%2.4%4.7M-29.9M-318.0K0.3532.14N/AN/A1,50552256,41022,697
2021-03-24$28.48$28.0018.0%5.2%33.8%2.4%17.6%1.2%4.3%4.7M-28.3M-316.3K0.2533.54N/AN/A1,31032556,79423,023
2021-03-25$28.77$28.0018.7%5.4%33.0%3.5%19.2%2.0%2.0%5.4M-36.2M-329.7K1.2336.62N/AN/A35543757,68023,304
2021-03-26$29.22$28.0018.1%5.2%31.6%2.5%17.9%3.6%2.6%6.5M-48.7M-332.3K0.2429.45N/AN/A1,34131657,70323,378
2021-03-29$29.09$28.0017.8%5.1%31.3%2.2%18.1%0.7%2.9%6.5M-47.0M-323.8K0.8235.01N/AN/A1,5071,23258,48423,518
2021-03-30$29.03$28.0018.9%5.4%31.3%4.3%19.0%2.8%2.0%6.3M-43.4M-333.2K0.8630.88N/AN/A97583758,96724,583
2021-03-31$28.80$28.0017.8%5.1%31.4%2.4%18.8%1.3%2.2%5.8M-35.6M-316.6K0.5144.27N/AN/A45223259,17125,090