PPL Options History — May 2021

In May 2021, PPL traded between $28.70 and $29.62. ATM implied volatility averaged 17.7%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 3.6% (HV 20d: 14.1%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2021-05-21: Highest Volume — 6,241 contracts
  • 2021-05-11: Largest IV spike — 24.4% change
  • 2021-05-13: Highest IV Rank — 19.8%
  • 2021-05-13: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.20$28.70$29.62$29.20$29.13
Max Pain$28.85$28.00$29.00$28.00$29.00
ATM IV17.7%14.8%20.6%17.1%15.0%
Expected Move5.1%4.3%5.9%4.9%4.3%
HV 20d14.1%12.1%16.8%12.2%13.6%
HV 60d21.5%20.6%22.2%21.2%20.6%
IV Rank9.7%0.4%19.8%6.8%1.1%
IV Percentile9.5%0.4%17.9%7.1%0.8%
Term Structure-0.8%-3.3%1.8%1.8%0.2%
VWIV17.6%15.1%21.8%17.4%15.1%
Skew 25d2.6%-0.8%6.6%0.7%6.6%
Skew 10d9.5%-2.4%28.1%12.4%18.1%
Call IV 25d15.9%9.8%18.3%17.7%9.8%
Put IV 25d18.5%14.8%22.1%18.4%16.4%
Bid-Ask Spread %47.7810.14106.6432.9710.14
Gamma HHI0.420.310.580.490.35
Net GEX6.0M3.7M10.8M7.4M3.9M
Net DEX-33.9M-57.9M-18.3M-41.2M-21.0M
Net VEX-293.7K-314.9K-275.1K-312.5K-300.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.066.140.480.11
Total Volume2,776.85606,2411,748669
Total OI90,872.179,867104,93785,35986,054

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$29.20$28.0017.1%4.9%12.2%6.8%17.4%0.7%1.8%7.4M-41.2M-312.5K0.4832.97N/AN/A1,18556362,54422,815
2021-05-04$29.11$28.0018.3%5.3%12.1%10.2%18.1%3.2%0.6%7.1M-37.1M-314.9K0.3838.13N/AN/A65824963,30823,118
2021-05-05$28.86$28.0017.4%5.0%12.4%7.5%17.5%1.5%0.0%5.9M-26.9M-287.2K0.8250.08N/AN/A1,4581,20063,57223,210
2021-05-06$28.88$29.0014.8%4.9%12.1%0.4%16.9%1.9%-0.5%5.8M-25.4M-275.1K0.4980.09N/AN/A1,85190963,60224,089
2021-05-07$29.29$29.0015.1%4.7%13.1%1.3%16.1%3.8%-0.4%8.6M-41.2M-285.0K0.3451.61N/AN/A1,44048964,18224,464
2021-05-10$29.62$29.0015.0%4.8%13.6%1.2%16.7%3.1%0.4%10.8M-57.9M-297.2K1.2957.51N/AN/A1,2711,63464,49224,273
2021-05-11$29.27$29.0018.7%5.4%14.4%12.9%18.8%1.2%-1.0%8.1M-39.9M-292.7K1.2952.35N/AN/A56673064,77825,833
2021-05-12$28.70$29.0019.9%5.7%16.1%17.2%21.8%3.8%-1.1%4.5M-18.3M-281.5K6.1446.22N/AN/A7224,43464,82626,269
2021-05-13$29.12$29.0020.6%5.9%16.8%19.8%19.5%3.5%-1.6%6.2M-30.4M-306.4K0.3336.75N/AN/A82627465,08230,266
2021-05-14$29.26$29.0019.4%5.6%16.5%16.0%18.9%2.1%-1.7%7.0M-35.4M-289.5K0.3374.00N/AN/A1,63554465,53330,389
2021-05-17$29.22$29.0020.3%5.8%15.9%18.9%19.9%2.8%-2.2%6.6M-32.9M-282.1K0.1942.92N/AN/A2,00037666,16730,667
2021-05-18$29.39$29.0019.4%5.6%15.9%15.8%18.3%2.7%-1.4%8.2M-36.1M-289.0K0.06106.64N/AN/A5,53132766,89830,904
2021-05-19$29.31$29.0020.4%5.8%14.8%19.0%20.4%3.2%-3.3%6.1M-38.7M-300.6K0.1061.26N/AN/A4,55345071,56031,059
2021-05-20$29.38$29.0018.7%5.4%13.7%13.5%17.7%1.8%-1.7%3.8M-43.0M-294.4K0.2869.78N/AN/A3,28591572,04631,304
2021-05-21$29.45$29.0017.8%5.1%13.7%10.4%16.1%2.8%-1.8%3.8M-45.6M-296.2K0.1163.35N/AN/A5,64160073,19631,741
2021-05-24$29.51$29.0015.8%4.5%13.7%3.9%15.2%2.6%0.1%5.2M-36.8M-300.1K0.2923.88N/AN/A1,68949251,10328,764
2021-05-25$29.18$29.0016.8%4.8%13.8%7.3%15.8%3.0%-0.4%4.0M-26.4M-286.1K1.2614.55N/AN/A62779252,38428,986
2021-05-26$29.13$29.0016.5%4.7%13.8%6.0%16.3%2.6%-0.9%3.7M-23.6M-281.5K0.3612.33N/AN/A3,2321,15952,63529,559
2021-05-27$29.04$29.0016.3%4.7%13.6%5.6%16.1%-0.8%-1.1%3.9M-19.7M-302.3K0.7231.05N/AN/A32523555,15930,611
2021-05-28$29.13$29.0015.0%4.3%13.6%1.1%15.1%6.6%0.2%3.9M-21.0M-300.3K0.1110.14N/AN/A6016855,30130,753