PCEF Options History — February 2012

In February 2012, PCEF traded between $24.91 and $25.29. ATM implied volatility averaged 7.1%, placing in the 0.3% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 1.7% (HV 20d: 5.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-02-02: Highest Volume — 20 contracts
  • 2012-02-21: Largest IV spike — 22.1% change
  • 2012-02-21: Highest IV Rank — 0.8%
  • 2012-02-10: Largest Expected Move — 2.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.07$24.91$25.29$24.92$25.26
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV7.1%5.7%8.3%7.2%6.8%
Expected Move2.0%1.6%2.4%2.1%1.9%
HV 20d5.4%4.6%6.2%6.0%4.6%
HV 60d9.9%8.5%11.0%11.0%8.5%
IV Rank0.3%0.0%0.8%0.0%0.6%
IV Percentile1.6%0.0%5.2%0.0%2.0%
Term Structure1.0%-0.4%2.5%1.9%-0.2%
VWIV16.7%6.2%42.0%6.2%9.1%
Skew 25d-1.7%-15.8%24.1%22.6%-12.5%
Skew 10d-6.1%-20.5%22.1%21.2%-10.8%
Call IV 25d18.2%10.6%29.3%11.6%29.3%
Put IV 25d16.5%10.2%35.5%34.2%16.8%
Bid-Ask Spread %52.4621.5670.0860.4925.01
Gamma HHI0.980.631.001.001.00
Net GEX-31.1K-46.9K-17.0K-24.9K-38.5K
Net DEX123.5K73.7K158.4K136.6K88.8K
Net VEX-391-503-337-344-339
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.102005
Total OI202.15173209173208

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-02-01$24.92$0.007.2%2.1%6.0%0.0%0.0%22.6%1.9%-24.9K136.6K-3440.0060.49N/AN/A002171
2012-02-02$24.91$0.007.4%2.1%6.1%0.1%0.0%24.1%0.7%-26.6K144.7K-3420.0056.30N/AN/A2002171
2012-02-03$24.93$25.007.0%1.8%6.1%0.0%6.2%4.7%1.1%-17.7K138.2K-3760.0053.49N/AN/A01022171
2012-02-06$24.94$25.007.2%1.8%6.1%0.1%0.0%4.6%1.0%-20.6K153.8K-4070.0056.33N/AN/A0022181
2012-02-07$25.05$25.007.8%1.7%6.2%0.4%0.0%2.6%1.2%-23.2K142.8K-4220.0056.71N/AN/A0022181
2012-02-08$25.07$25.008.2%1.9%6.0%0.7%0.0%3.1%0.2%-29.9K145.8K-4140.0047.47N/AN/A0022181
2012-02-09$25.15$25.007.7%2.2%5.3%0.4%0.0%-2.6%-0.4%-27.5K118.7K-4310.0051.77N/AN/A0022181
2012-02-10$24.99$25.008.3%2.4%6.2%0.7%0.0%-4.8%0.6%-21.9K124.5K-4220.0055.62N/AN/A0022181
2012-02-13$25.05$25.006.9%2.0%4.9%0.0%0.0%-6.6%-0.2%-31.8K124.4K-4090.0056.31N/AN/A0022181
2012-02-14$25.05$25.007.8%2.2%5.0%0.5%9.7%-6.0%2.4%-25.3K121.7K-4000.0062.63N/AN/A0622181
2012-02-15$24.92$25.007.2%2.1%5.4%0.2%0.0%-2.6%1.6%-31.9K158.4K-3910.0055.43N/AN/A0022187
2012-02-16$25.00$25.006.4%1.8%5.4%0.0%0.0%-6.5%1.4%-30.1K138.8K-4070.0065.29N/AN/A0022187
2012-02-17$25.05$25.006.1%1.8%5.3%0.0%42.0%6.0%1.5%-17.0K133.8K-5030.0070.08N/AN/A1022187
2012-02-21$25.09$25.007.5%2.2%5.2%0.8%0.0%-2.8%0.5%-38.9K123.5K-3910.0049.73N/AN/A0021187
2012-02-22$25.10$25.006.2%1.8%5.2%0.0%0.0%-5.4%1.4%-44.3K111.3K-3850.0054.32N/AN/A0021187
2012-02-23$25.16$25.006.8%2.0%4.7%0.4%0.0%-6.8%0.8%-44.4K104.5K-3770.0046.65N/AN/A0021187
2012-02-24$25.23$25.006.2%1.8%4.6%0.0%0.0%-15.0%0.6%-39.9K94.5K-3740.0052.11N/AN/A0021187
2012-02-27$25.24$25.007.1%2.0%4.6%0.6%0.0%-15.8%0.5%-40.7K92.3K-3530.0051.84N/AN/A0021187
2012-02-28$25.29$25.005.7%1.6%4.6%0.0%0.0%-14.8%2.5%-46.9K73.7K-3370.0021.56N/AN/A0021187
2012-02-29$25.26$25.006.8%1.9%4.6%0.6%9.1%-12.5%-0.2%-38.5K88.8K-3390.0025.01N/AN/A5021187