PPL Options History — April 2021

In April 2021, PPL traded between $28.68 and $29.52. ATM implied volatility averaged 16.5%, placing in the 4.0% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 3.4% (HV 20d: 20.0%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.42.

Notable Days

  • 2021-04-16: Highest Volume — 25,551 contracts
  • 2021-04-07: Largest IV drop — 10.9% change
  • 2021-04-26: Highest IV Rank — 8.0%
  • 2021-04-05: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.94$28.68$29.52$28.68$29.10
Max Pain$28.10$28.00$29.00$28.00$28.00
ATM IV16.5%14.6%17.5%16.2%16.5%
Expected Move4.9%4.6%5.4%4.7%4.7%
HV 20d20.0%11.9%31.2%31.2%12.2%
HV 60d21.6%21.2%22.1%22.1%21.2%
IV Rank4.0%0.0%8.0%0.0%5.2%
IV Percentile2.5%0.0%6.3%0.0%3.6%
Term Structure1.6%0.3%2.3%2.3%1.5%
VWIV16.9%15.5%18.9%16.6%16.3%
Skew 25d2.7%1.3%4.5%4.5%3.4%
Skew 10d7.5%-1.2%12.4%11.9%11.7%
Call IV 25d16.1%14.2%18.2%14.2%15.4%
Put IV 25d18.8%17.6%20.7%18.7%18.8%
Bid-Ask Spread %33.7715.6861.3258.3618.13
Gamma HHI0.370.240.480.240.48
Net GEX6.8M5.6M9.9M5.6M7.0M
Net DEX-37.1M-59.2M-29.3M-29.3M-37.2M
Net VEX-305.2K-333.0K-280.9K-299.1K-314.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.021.550.870.94
Total Volume3,350.76237825,5511,618745
Total OI87,486.76277,09396,89684,48485,008

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$28.68$28.0016.2%4.7%31.2%0.0%16.6%4.5%2.3%5.6M-29.3M-299.1K0.8758.36N/AN/A86575359,26425,220
2021-04-05$28.84$29.0017.0%5.4%30.7%1.4%18.4%2.6%1.1%6.3M-33.1M-296.6K0.0232.33N/AN/A5,4979759,69325,746
2021-04-06$28.72$29.0017.5%5.1%30.7%2.4%18.9%2.6%1.8%6.6M-33.7M-303.2K0.1223.07N/AN/A4,20651465,12625,900
2021-04-07$28.89$28.0015.6%5.1%26.0%0.0%18.3%2.2%1.1%7.2M-38.7M-303.6K0.1046.27N/AN/A3,88539965,61826,124
2021-04-08$28.70$28.0014.6%4.8%26.2%0.0%17.1%2.7%2.2%6.8M-34.2M-303.1K0.9118.26N/AN/A62657267,00626,272
2021-04-09$28.69$28.0015.9%4.8%26.1%2.8%17.2%2.6%1.9%6.5M-31.3M-296.4K0.2346.04N/AN/A1,87143367,24326,720
2021-04-12$28.72$28.0016.9%4.9%25.9%5.1%17.0%1.3%1.6%6.8M-32.2M-284.3K0.4719.40N/AN/A1,14454067,37826,947
2021-04-13$28.70$28.0015.5%4.7%25.4%1.9%17.0%2.0%1.8%6.8M-31.0M-281.2K0.7026.32N/AN/A1,6721,16867,91627,168
2021-04-14$28.73$28.0016.8%4.8%25.2%4.8%16.8%2.1%1.7%6.9M-32.1M-285.2K0.1115.96N/AN/A2,63628568,06927,279
2021-04-15$28.93$28.0017.2%4.9%25.0%5.6%16.9%1.6%1.0%9.9M-40.6M-280.9K0.2241.67N/AN/A1,21026169,05427,410
2021-04-16$29.22$28.0016.8%4.8%16.8%4.8%15.9%2.9%1.6%7.8M-59.2M-286.0K0.0259.05N/AN/A24,93361869,42227,474
2021-04-19$28.88$28.0016.8%4.8%16.6%5.2%16.3%3.2%2.3%5.6M-32.5M-308.8K0.3121.66N/AN/A3,15498457,79819,295
2021-04-20$29.04$28.0016.3%4.7%13.4%4.0%15.9%3.1%1.6%6.2M-35.7M-320.9K0.2918.54N/AN/A1,57646458,94820,170
2021-04-21$29.52$28.0015.9%4.6%12.1%3.1%16.4%3.5%2.2%7.5M-54.4M-333.0K0.1645.53N/AN/A1,58324759,51020,497
2021-04-22$29.07$28.0017.5%5.0%13.5%7.2%17.2%2.4%0.8%6.4M-39.6M-325.7K0.8936.64N/AN/A1,2831,14260,37320,660
2021-04-23$29.14$28.0016.2%4.7%13.1%4.1%15.5%3.9%1.6%6.8M-38.3M-321.4K0.1915.68N/AN/A4698960,54921,570
2021-04-26$29.18$28.0017.5%5.0%11.9%8.0%16.8%3.2%0.3%6.9M-41.0M-319.5K0.1822.70N/AN/A1,02818361,10021,641
2021-04-27$28.88$28.0016.8%4.8%12.3%5.9%16.8%1.6%1.9%6.2M-31.2M-308.0K1.5527.35N/AN/A47473761,48921,741
2021-04-28$28.97$28.0016.8%4.8%12.4%5.9%16.9%3.3%1.2%6.3M-32.3M-316.1K0.3561.32N/AN/A1,22242361,59222,275
2021-04-29$29.19$28.0016.9%4.8%12.3%6.2%16.5%2.8%1.7%7.3M-40.8M-322.1K0.2554.81N/AN/A3027662,43822,519
2021-04-30$29.10$28.0016.5%4.7%12.2%5.2%16.3%3.4%1.5%7.0M-37.2M-314.1K0.9418.13N/AN/A38436162,48122,527