PCEF Options History — February 2011

In February 2011, PCEF traded between $25.41 and $25.77. ATM implied volatility averaged 14.3%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 8.1% (HV 20d: 6.1%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-02-14: Highest Volume — 63 contracts
  • 2011-02-14: Largest IV spike — 46.6% change
  • 2011-02-09: Highest IV Rank — 4.2%
  • 2011-02-14: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.62$25.41$25.77$25.56$25.69
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV14.3%10.9%16.5%15.5%13.7%
Expected Move4.1%3.1%4.6%4.4%3.9%
HV 20d6.1%5.0%7.6%5.7%7.3%
HV 60d8.3%7.2%9.7%9.7%7.6%
IV Rank3.0%1.2%4.2%3.7%2.7%
IV Percentile30.0%5.7%49.6%37.8%24.2%
Term Structure-1.2%-4.2%3.3%0.0%-3.9%
VWIV15.8%14.5%17.8%17.8%14.5%
Skew 25d-2.6%-14.7%3.9%-5.0%-9.7%
Skew 10d0.9%-15.2%9.7%-2.9%-4.4%
Call IV 25d18.5%13.2%29.4%21.7%21.8%
Put IV 25d15.8%12.0%21.9%16.7%12.0%
Bid-Ask Spread %33.7816.7190.9636.9943.64
Gamma HHI1.001.001.001.001.00
Net GEX-56.0K-73.4K-43.1K-43.1K-65.9K
Net DEX300.9K176.2K433.4K285.0K367.1K
Net VEX-1.3K-1.5K-911-1.3K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume7.78906301
Total OI341.316311395316374

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$25.56$25.0015.5%4.4%5.7%3.7%0.0%-5.0%0.0%-43.1K285.0K-1.3K0.0036.99N/AN/A0029287
2011-02-02$25.61$25.0013.0%3.7%5.7%2.4%0.0%-10.1%-1.7%-45.6K270.0K-1.3K0.0045.20N/AN/A01029287
2011-02-03$25.65$25.0014.2%4.1%5.6%3.0%17.8%-10.5%-2.2%-43.5K266.0K-1.3K0.0044.71N/AN/A2029287
2011-02-04$25.59$25.0014.2%4.3%5.6%3.0%0.0%0.7%-1.8%-45.0K278.5K-1.3K0.0045.48N/AN/A0029287
2011-02-07$25.66$25.0013.9%4.3%5.7%2.8%0.0%3.5%-0.9%-44.9K252.3K-1.3K0.0023.82N/AN/A0029287
2011-02-08$25.68$25.0015.7%4.5%5.7%3.8%0.0%3.9%-1.5%-44.6K254.3K-1.3K0.0020.63N/AN/A0029287
2011-02-09$25.63$25.0016.5%4.0%5.8%4.2%0.0%-14.7%-4.2%-46.6K250.7K-1.3K0.0036.77N/AN/A0029287
2011-02-10$25.62$25.0013.8%3.9%5.8%2.8%0.0%2.6%-1.1%-53.1K228.0K-1.2K0.0024.61N/AN/A0029287
2011-02-11$25.72$25.0010.9%3.1%5.9%1.2%0.0%2.1%3.3%-52.1K199.8K-1.1K0.0024.86N/AN/A0029287
2011-02-14$25.77$25.0016.0%4.6%5.0%3.9%16.1%2.7%-3.3%-49.5K176.2K-9110.0016.71N/AN/A06324287
2011-02-15$25.56$25.0014.8%4.3%6.0%3.3%14.9%-0.2%-1.0%-59.8K332.9K-1.4K0.0020.89N/AN/A0252350
2011-02-16$25.68$25.0012.8%3.7%5.7%2.2%0.0%-1.8%0.4%-64.7K315.8K-1.4K0.0035.44N/AN/A000375
2011-02-17$25.72$25.0014.4%4.1%5.7%3.1%14.5%-0.7%-0.7%-60.0K321.6K-1.4K0.0027.48N/AN/A0200375
2011-02-18$25.74$25.0014.8%4.2%5.6%3.3%0.0%-0.6%-1.6%-61.9K329.8K-1.5K0.0019.15N/AN/A000395
2011-02-22$25.41$25.0014.0%4.0%7.4%2.9%0.0%-1.7%0.3%-66.2K378.7K-1.4K0.0030.45N/AN/A0170347
2011-02-23$25.45$25.0013.6%3.9%7.4%2.7%0.0%-12.3%-0.7%-73.4K402.3K-1.5K0.0031.75N/AN/A0100364
2011-02-24$25.43$25.0015.2%4.4%7.2%3.5%0.0%3.8%-1.9%-71.8K433.4K-1.5K0.0022.33N/AN/A000374
2011-02-25$25.61$25.0013.9%4.0%7.6%2.8%0.0%-2.0%-0.2%-72.5K374.9K-1.5K0.0090.96N/AN/A000374
2011-02-28$25.69$25.0013.7%3.9%7.3%2.7%0.0%-9.7%-3.9%-65.9K367.1K-1.4K0.0043.64N/AN/A010374