PPL Options History — July 2021

In July 2021, PPL traded between $27.95 and $28.69. ATM implied volatility averaged 16.0%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 0.2% (HV 20d: 15.8%). 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 19 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2021-07-20: Highest Volume — 10,388 contracts
  • 2021-07-06: Largest IV spike — 24.3% change
  • 2021-07-26: Highest IV Rank — 25.3%
  • 2021-07-26: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.25$27.95$28.69$28.26$28.30
Max Pain$28.10$28.00$29.00$29.00$28.00
ATM IV16.0%12.3%17.4%14.4%17.3%
Expected Move4.6%3.5%5.0%4.1%5.0%
HV 20d15.8%14.4%16.8%16.3%14.4%
HV 60d14.2%13.8%14.6%14.0%14.6%
IV Rank20.2%8.0%25.3%14.6%24.8%
IV Percentile14.6%0.4%27.0%1.2%27.0%
Term Structure1.3%-0.2%4.2%2.0%2.1%
VWIV15.6%12.5%17.6%14.0%16.7%
Skew 25d2.6%-2.4%5.9%-0.2%3.2%
Skew 10d4.9%-4.5%12.3%-0.3%7.7%
Call IV 25d14.7%11.9%16.4%13.4%15.3%
Put IV 25d17.3%11.3%18.9%13.2%18.4%
Bid-Ask Spread %29.827.0075.337.5912.86
Gamma HHI0.320.200.450.270.43
Net GEX3.3M611.9K6.4M2.9M5.7M
Net DEX-10.8M-33.6M4.1M-6.4M-22.7M
Net VEX-308.7K-346.4K-284.1K-316.5K-329.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.022.140.890.87
Total Volume2,099.95241710,3881,7011,172
Total OI86,344.14367,69496,07889,66686,115

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$28.26$29.0014.4%4.1%16.3%14.6%14.0%-0.2%2.0%2.9M-6.4M-316.5K0.897.59N/AN/A90180058,35931,307
2021-07-02$28.21$29.0012.3%3.5%16.3%8.0%12.5%-2.4%4.2%2.4M-3.5M-305.4K2.147.00N/AN/A30465258,88531,697
2021-07-06$28.12$28.0015.3%4.7%16.2%17.4%15.8%1.9%0.8%1.7M-207.3K-299.8K0.5327.90N/AN/A80842658,99132,170
2021-07-07$28.15$28.0015.2%4.7%16.2%17.2%15.6%2.8%1.2%1.9M-496.2K-299.6K0.2034.30N/AN/A3477059,25532,280
2021-07-08$28.05$28.0016.3%4.8%16.1%20.5%17.6%3.6%0.5%1.7M961.1K-298.8K1.3157.72N/AN/A38150059,50332,304
2021-07-09$28.32$28.0015.6%4.9%16.4%18.2%15.6%3.4%-0.2%2.3M-5.4M-302.1K0.1255.37N/AN/A1,56018759,58632,552
2021-07-12$28.31$28.0016.4%4.7%16.2%20.7%16.9%2.7%0.4%2.2M-6.0M-295.6K0.3626.85N/AN/A78728160,36232,592
2021-07-13$27.96$28.0017.1%4.8%16.7%23.1%15.0%3.3%-0.1%746.9K4.1M-284.1K0.2456.25N/AN/A80319260,67832,695
2021-07-14$28.12$28.0016.0%4.6%16.8%20.6%15.8%1.8%0.6%959.1K-556.6K-287.0K0.2713.50N/AN/A1,48840561,16832,784
2021-07-15$28.15$28.0016.2%4.7%15.6%21.3%15.1%2.8%1.3%611.9K-3.2M-286.7K0.3275.33N/AN/A1,93461661,65532,986
2021-07-16$28.60$28.0014.8%4.2%16.7%16.5%14.8%2.2%1.5%3.0M-15.6M-301.4K0.1221.21N/AN/A4,05549762,66233,416
2021-07-19$27.95$28.0017.4%5.0%15.6%25.0%17.2%2.5%1.8%2.1M-2.4M-285.8K0.3113.07N/AN/A2,46776843,63624,058
2021-07-20$28.20$28.0016.6%4.8%15.7%22.6%16.0%3.4%1.5%2.8M-8.3M-294.4K0.0239.06N/AN/A10,17321544,89424,585
2021-07-21$28.14$28.0017.0%4.9%15.7%23.9%15.3%3.2%0.6%4.3M-13.5M-320.1K0.148.53N/AN/A1,52121254,40524,664
2021-07-22$28.03$28.0016.6%4.8%15.5%22.6%15.0%3.0%1.3%4.1M-11.1M-308.9K0.159.48N/AN/A1,13616755,57024,805
2021-07-23$28.30$28.0016.9%4.8%15.9%23.4%14.9%4.6%1.3%5.2M-18.3M-328.6K1.0311.00N/AN/A1,0581,08956,09124,852
2021-07-26$28.30$28.0017.4%5.0%15.3%25.3%16.2%3.5%2.0%5.1M-18.4M-321.2K0.299.05N/AN/A71020756,09124,817
2021-07-27$28.69$28.0015.9%4.6%16.1%20.3%15.9%2.9%2.1%6.1M-33.6M-346.4K0.207.79N/AN/A2,47048856,85225,755
2021-07-28$28.62$28.0015.9%4.6%14.6%20.2%15.7%5.9%1.6%6.2M-30.8M-330.5K0.3562.60N/AN/A1,15339957,21725,858
2021-07-29$28.56$28.0015.2%4.4%14.5%17.9%15.4%1.4%1.0%6.4M-30.8M-340.2K0.1769.81N/AN/A59710358,86526,210
2021-07-30$28.30$28.0017.3%5.0%14.4%24.8%16.7%3.2%2.1%5.7M-22.7M-329.2K0.8712.86N/AN/A62754559,88126,234