PCEF Options History — January 2012

In January 2012, PCEF traded between $23.74 and $24.76. ATM implied volatility averaged 17.8%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 8.0% (HV 20d: 9.7%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2012-01-18: Highest Volume — 12 contracts
  • 2012-01-25: Largest IV spike — 1171.3% change
  • 2012-01-25: Highest IV Rank — 53.0%
  • 2012-01-25: Largest Expected Move — 28.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.18$23.74$24.76$23.74$24.76
ATM IV17.8%7.3%99.3%13.1%7.6%
Expected Move5.1%2.1%28.5%3.7%2.2%
HV 20d9.7%6.3%12.8%12.8%6.4%
HV 60d12.3%11.0%13.4%13.4%11.0%
IV Rank5.4%0.0%53.0%2.4%0.2%
IV Percentile26.9%0.0%91.7%31.0%0.8%
Term Structure-10.8%-100.7%0.6%-1.5%-0.7%
Skew 25d2.4%-3.7%12.7%1.4%-3.7%
Skew 10d5.6%-5.2%102.7%0.7%-5.2%
Call IV 25d18.6%6.9%136.9%12.1%17.6%
Put IV 25d21.0%10.6%140.8%13.5%13.9%
Bid-Ask Spread %39.9415.21167.5415.3355.31
Gamma HHI0.720.491.000.511.00
Net GEX-13.0K-18.9K-8.1K-12.7K-18.8K
Net DEX167.7K153.7K180.0K168.4K160.0K
Net VEX-310-664-221-255-306
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.601200
Total OI166.4161173161173

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-01-03$23.74$0.0013.1%3.7%12.8%2.4%0.0%1.4%-1.5%-12.7K168.4K-2550.0015.33N/AN/A002159
2012-01-04$23.78$0.0015.9%4.6%12.8%4.1%0.0%1.9%-2.8%-12.4K166.1K-2650.0017.63N/AN/A002159
2012-01-05$23.81$0.0015.2%4.4%12.8%3.7%0.0%1.6%-3.0%-11.7K165.4K-2580.0015.21N/AN/A002159
2012-01-06$23.89$0.0051.3%20.2%12.8%24.7%0.0%12.7%-74.2%-8.1K175.4K-6640.00162.41N/AN/A002159
2012-01-09$23.96$0.0016.2%3.2%11.8%4.3%0.0%2.2%-2.7%-10.7K158.9K-2560.0052.09N/AN/A002159
2012-01-10$24.11$0.0016.4%3.0%11.6%4.4%0.0%2.4%-2.5%-11.1K153.7K-2680.0021.26N/AN/A002159
2012-01-11$23.98$0.0017.0%3.2%10.8%4.7%0.0%1.3%-2.8%-10.3K158.4K-2490.0022.05N/AN/A002159
2012-01-12$24.07$0.0010.9%3.1%10.8%1.2%0.0%1.7%-2.4%-12.7K164.2K-2690.0021.36N/AN/A002159
2012-01-13$23.88$0.0012.2%3.5%11.1%1.9%0.0%1.4%-2.8%-12.4K169.1K-2420.0050.98N/AN/A002159
2012-01-17$23.89$0.0010.9%3.1%10.1%1.2%0.0%-0.5%-3.2%-11.6K168.1K-2210.0021.69N/AN/A002159
2012-01-18$24.04$0.0010.8%3.1%10.2%1.1%0.0%1.0%-3.0%-11.0K162.5K-2310.0023.80N/AN/A0122159
2012-01-19$24.12$0.0010.3%3.0%9.7%0.8%0.0%1.4%-2.9%-11.5K177.7K-3100.0024.25N/AN/A002171
2012-01-20$24.25$0.009.5%2.7%8.1%0.4%0.0%2.4%-2.8%-12.8K175.6K-3210.0022.69N/AN/A002171
2012-01-23$24.34$0.008.1%2.3%8.1%0.0%0.0%2.7%-1.6%-14.2K177.0K-2710.0016.74N/AN/A002171
2012-01-24$24.36$0.007.8%2.2%7.3%0.0%0.0%-1.8%-1.7%-14.0K176.6K-2670.0017.12N/AN/A002171
2012-01-25$24.55$0.0099.3%28.5%7.6%53.0%0.0%4.0%-100.7%-10.2K180.0K-6390.00167.54N/AN/A002171
2012-01-26$24.63$0.007.3%2.1%7.4%0.0%0.0%4.2%-2.5%-17.4K169.9K-3040.0020.95N/AN/A002171
2012-01-27$24.72$0.007.3%2.1%6.3%0.0%0.0%5.8%-2.4%-18.9K165.1K-3010.0025.22N/AN/A002171
2012-01-30$24.73$0.007.9%2.3%6.4%0.3%0.0%6.3%0.6%-18.3K161.5K-3080.0025.22N/AN/A002171
2012-01-31$24.76$0.007.6%2.2%6.4%0.2%0.0%-3.7%-0.7%-18.8K160.0K-3060.0055.31N/AN/A002171