Utilities

PPL Corp (PPL) options and signal

Figures as of 28 Sep 2026

PPL is PPL Corp, an Utilities name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	86 of 100	28 Sep
At the money IV	22.9%	28 Sep
Priced move to 16 Oct	6.0% down, 5.5% up	28 Sep
Call wall and put wall	36 and 30	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	32.11	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

PPL's IV rank is 86 of 100 on 28 Sep 2026.

Figure	Value
IV rank	86 of 100
At the money IV	22.9%, near month, 18 days
Put/call ratio, open interest	1.50
Call open interest, strikes captured near the price	10,500 contracts
Put open interest, strikes captured near the price	15,700 contracts
Cost to trade at the money	Fair, 25.4% of the option's mid price

IV rank is where the at the money IV sits among PPL's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, PPL options priced a move of 6.0 percent down and 5.5 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	6.0%	5.5%	30.17 to 33.86
20 Nov 2026	53	9.2%	9.6%	29.15 to 35.20
15 Jan 2027	109	14.3%	11.4%	27.53 to 35.77
16 Apr 2027	200	17.1%	17.2%	26.61 to 37.63

The range is one standard deviation either side of the close of 32.11, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, PPL's call wall is the 36 strike and its put wall is the 30 strike.

Figure	Value
Call wall, most open call gamma	36
Put wall, most open put gamma	30
Net dollar gamma, calls minus puts	minus $651,275
Total dollar gamma, both sides	$2 million
Close	32.11

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 3 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, PPL's at the money IV is 22.9 percent against 20 day realized volatility of 14.4 percent.

Figure	Value
At the money IV	22.9%
Realized volatility, 20 trading days	14.4%
Realized volatility, 60 trading days	16.7%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	30.2% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, PPL's at the money IV runs from 22.9 percent at 18 days to 22.7 percent at 200 days.

Days to expiry	At the money IV
18	22.9%
53	25.2%
109	22.9%
200	22.7%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, PPL's IV ten percent below the price sits 7.4 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	32.6%	+7.4 points
At the money	25.2%	0.0 points
10% above the price	29.8%	+4.6 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, PPL's surface spans 4 expiries out to 200 days, with IV from 22.2 to 84.0 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	27
Lowest IV among them	22.2%
Highest IV among them	84.0%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, PPL has 4 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	22.9%	7,385	1,222
20 Nov 2026	53	25.2%	125	172
15 Jan 2027	109	22.9%	2,726	14,307
16 Apr 2027	200	22.7%	259	28

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, PPL's largest open interest sits at the 30 strike, with 13,609 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
30	243	13,366	13,609
36	3,869	22	3,891
37	1,940	59	1,999
35	1,263	352	1,615
38	1,556	0	1,556
40	646	0	646

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, PPL's at the money IV moved from 24.7 percent to 22.9 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	24.7%	22.9%	-1.8 points
Open interest, strikes captured near the price	26,153	26,224	+71
Put/call ratio, open interest	1.49	1.50	+0.00

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 1,285 PPL option contracts traded, 1.3 times its own recent average.

Figure	Value
Calls traded	1,075
Puts traded	210
Against its recent average	1.3 times
Busier than	7 of its last 20 trading days
Open interest, whole chain	36,472 contracts
Volume to open interest	0.04
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of PPL's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	35.28	$1.96 million	37	30
21 Sep 2026	33.05	minus $403,090	36	30
28 Sep 2026	32.11	minus $651,275	36	30

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of PPL was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	33.20, the swing high of 16 Sep 2026
Level below the close	31.56, the swing low of 25 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 PPL sat at the 82nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	42 of 100	Neutral
20 trading days	26 of 100	Neutral
45 trading days	82 of 100	Bullish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put PPL on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Bullish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 PPL had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	82 of 100
24 Sep 2026	None	75 of 100
23 Sep 2026	None	67 of 100
22 Sep 2026	None	68 of 100
21 Sep 2026	None	63 of 100
18 Sep 2026	None	77 of 100
17 Sep 2026	None	49 of 100
16 Sep 2026	None	70 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 20 of 35 Utilities names were bullish and 11 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Utilities	35	20	11	4

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

PPL closed at 32.11 on 28 Sep 2026.

Figure	Value
Last close	32.11
Change over 5 trading days	-2.8%
Change over 21 trading days	-6.8%
Change over 63 trading days	-12.6%
Change over 252 trading days	-11.2%
52 week high	40.11
52 week low	31.56
20 day moving average	33.65
50 day moving average	34.69
200 day moving average	36.13
RSI, 14 days	27

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

PPL reports next on 4 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	4 Nov 2026, before the open
Date	Worked out from past quarters
Move after the report of 7 Aug 2026	+2.4%
Move after the report of 30 Apr 2026	+0.4%
Move after the report of 28 Jan 2026	-1.1%
Move after the report of 30 Apr 2025	+0.3%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 33.5 percent of PPL's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	33.5%
Five day average	35.3%
52 week median	50.7%

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, PPL's average change was minus 1.7 percent, and it rose in 34.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.7%	-1.2%	34.8%	23
October	+1.8%	+1.8%	60.9%	23
November	+1.2%	+1.0%	60.9%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 1 headline naming PPL in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is PPL's IV rank?: PPL's IV rank is 86 of 100 on 28 Sep 2026.
What move are PPL options pricing?: On 28 Sep 2026, PPL options priced a move of 6.0 percent down and 5.5 percent up by 16 Oct 2026.
Where are PPL's call wall and put wall?: On 28 Sep 2026, PPL's call wall is the 36 strike and its put wall is the 30 strike.
What was the desk's latest view of PPL on the Free plan?: On 25 Sep 2026 the desk's view of PPL was bullish, paper trading.
When does PPL report earnings next?: PPL reports next on 4 Nov 2026, a date worked out from past quarters.

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