PCEF Options History — April 2012

In April 2012, PCEF traded between $24.53 and $25.08. ATM implied volatility averaged 8.4%, placing in the 1.6% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 0.9% (HV 20d: 7.5%). 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 6 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-04-13: Highest Volume — 3 contracts
  • 2012-04-16: Largest IV drop — 29.3% change
  • 2012-04-13: Highest IV Rank — 3.1%
  • 2012-04-13: Largest Expected Move — 3.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.79$24.53$25.08$25.08$25.00
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV8.4%6.3%11.2%8.1%8.5%
Expected Move2.3%1.8%3.2%2.3%2.4%
HV 20d7.5%7.1%9.5%9.5%7.5%
HV 60d7.4%7.2%7.6%7.2%7.3%
IV Rank1.6%0.3%3.1%1.4%1.6%
IV Percentile14.0%2.0%32.5%11.1%17.5%
Term Structure-0.3%-2.6%2.0%2.0%-2.6%
VWIV6.9%6.9%6.9%6.9%6.9%
Skew 25d1.3%-11.2%9.6%-8.6%9.6%
Skew 10d-7.2%-24.8%11.9%-9.1%11.9%
Call IV 25d13.3%6.9%27.2%27.2%11.5%
Put IV 25d14.6%8.3%23.6%18.7%21.1%
Bid-Ask Spread %54.8837.2469.3837.2449.72
Gamma HHI0.940.731.000.981.00
Net GEX-12.9K-24.7K-5.1K-14.6K-24.7K
Net DEX145.0K111.8K175.7K111.8K118.2K
Net VEX-447-565-358-521-408
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.40300
Total OI127.55127128127128

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-04-02$25.08$0.008.1%2.3%9.5%1.4%0.0%-8.6%2.0%-14.6K111.8K-5210.0037.24N/AN/A0022105
2012-04-03$25.01$0.008.6%2.5%7.9%1.7%0.0%-11.2%0.5%-14.5K121.5K-5650.0049.42N/AN/A0222105
2012-04-04$24.81$0.008.1%2.3%7.7%1.4%0.0%-1.6%0.8%-11.5K150.5K-4360.0053.21N/AN/A0222106
2012-04-05$24.82$0.009.0%2.6%7.1%1.9%0.0%2.9%-0.1%-11.5K149.7K-4330.0062.22N/AN/A0022106
2012-04-09$24.74$25.0010.0%2.4%7.1%2.5%0.0%7.6%-0.6%-11.3K161.5K-4810.0055.88N/AN/A0022106
2012-04-10$24.53$25.009.7%2.4%7.6%2.3%0.0%-0.7%-0.0%-10.4K175.7K-4250.0052.93N/AN/A0022106
2012-04-11$24.72$25.0010.8%2.4%7.6%3.0%0.0%7.5%-0.7%-11.1K158.5K-3880.0055.31N/AN/A0022106
2012-04-12$24.80$25.0010.4%3.0%7.4%2.7%0.0%-4.7%-2.0%-13.0K138.0K-5180.0059.82N/AN/A0022106
2012-04-13$24.56$25.0011.2%3.2%7.5%3.1%0.0%6.2%-0.6%-5.1K126.4K-5370.0052.41N/AN/A3022106
2012-04-16$24.59$25.007.9%2.3%7.2%1.3%0.0%1.7%-0.1%-11.8K162.8K-4400.0053.15N/AN/A0022106
2012-04-17$24.70$25.008.8%2.5%7.4%1.8%0.0%1.1%-0.9%-12.7K150.7K-4290.0060.15N/AN/A0021106
2012-04-18$24.67$25.007.9%2.3%7.4%1.3%0.0%1.2%-0.1%-12.4K161.1K-4550.0059.49N/AN/A0021106
2012-04-19$24.64$25.008.0%2.3%7.3%1.3%0.0%2.3%-0.9%-12.2K163.7K-4490.0056.54N/AN/A0021106
2012-04-20$24.73$25.007.4%2.1%7.4%1.0%0.0%0.9%-0.1%-12.0K155.3K-4650.0055.95N/AN/A0021106
2012-04-23$24.74$25.006.3%1.8%7.3%0.3%0.0%1.4%-0.7%-13.3K161.0K-3580.0052.84N/AN/A0021106
2012-04-24$24.78$25.006.6%1.9%7.3%0.5%0.0%1.1%0.1%-11.9K149.1K-3890.0054.73N/AN/A0021106
2012-04-25$24.93$25.006.6%1.9%7.5%0.5%6.9%0.4%0.0%-10.8K132.3K-4220.0059.34N/AN/A1021106
2012-04-26$24.98$25.006.8%2.0%7.5%0.7%0.0%-0.8%0.1%-13.5K132.9K-4020.0069.38N/AN/A0022106
2012-04-27$24.99$25.007.5%2.2%7.5%1.0%0.0%9.5%-0.5%-19.8K119.9K-4220.0047.82N/AN/A0022106
2012-04-30$25.00$25.008.5%2.4%7.5%1.6%0.0%9.6%-2.6%-24.7K118.2K-4080.0049.72N/AN/A0022106