PCEF Options History — June 2012

In June 2012, PCEF traded between $23.65 and $24.61. ATM implied volatility averaged 19.6%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 9.0% (HV 20d: 10.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days.

Notable Days

  • 2012-06-04: Highest Volume — 10 contracts
  • 2012-06-21: Largest IV spike — 634.3% change
  • 2012-06-25: Highest IV Rank — 28.4%
  • 2012-06-25: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.15$23.65$24.61$23.80$24.61
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV19.6%7.0%55.4%14.3%51.6%
Expected Move4.5%2.0%15.9%4.1%14.8%
HV 20d10.7%8.7%12.6%11.2%8.7%
HV 60d9.0%8.7%9.4%8.8%9.3%
IV Rank8.0%0.8%28.4%4.9%26.3%
IV Percentile46.0%6.7%81.0%52.0%80.6%
Term Structure6.5%-4.3%61.0%-4.3%61.0%
Skew 25d6.3%-1.6%43.3%-1.1%43.3%
Skew 10d-0.9%-19.3%19.7%-0.6%19.7%
Call IV 25d21.5%7.9%92.0%14.3%83.9%
Put IV 25d27.8%9.5%127.1%13.2%127.1%
Bid-Ask Spread %48.7510.70163.7113.38163.50
Gamma HHI0.610.510.810.600.53
Net GEX-12.0K-21.3K-7.2K-14.7K-9.5K
Net DEX259.3K171.2K349.1K342.5K181.6K
Net VEX-897-1.0K-820-927-915
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.8101000
Total OI193.524157228218157

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-06-01$23.80$25.0014.3%4.1%11.2%4.9%0.0%-1.1%-4.3%-14.7K342.5K-9270.0013.38N/AN/A003215
2012-06-04$23.65$0.0016.5%3.2%11.2%6.2%0.0%0.3%-2.2%-10.6K324.1K-9400.0047.86N/AN/A0103215
2012-06-05$23.69$0.0018.7%3.3%11.1%7.4%0.0%-0.6%-3.5%-13.8K349.1K-9730.0047.42N/AN/A003225
2012-06-06$23.95$0.0015.0%2.6%12.1%5.4%0.0%-0.1%-0.4%-12.6K330.4K-1.0K0.0045.01N/AN/A003225
2012-06-07$24.01$0.0016.7%2.7%12.2%6.3%0.0%0.6%-0.4%-14.6K329.0K-8960.0046.65N/AN/A003225
2012-06-08$24.16$0.0016.2%2.5%12.5%6.0%0.0%1.3%-0.2%-14.1K314.4K-9200.0048.59N/AN/A003225
2012-06-11$24.03$0.0022.8%2.8%12.6%9.8%0.0%-1.6%-0.6%-14.1K331.6K-8740.0048.27N/AN/A003225
2012-06-12$24.20$0.0022.1%2.6%12.2%9.4%0.0%6.9%-2.4%-12.6K321.2K-8860.0046.60N/AN/A003225
2012-06-13$24.11$0.0035.7%2.9%11.8%17.2%0.0%3.1%-0.4%-17.6K293.9K-9360.0046.35N/AN/A053225
2012-06-14$24.20$0.009.7%2.8%11.9%2.3%0.0%2.6%-1.5%-21.3K315.7K-9080.0015.92N/AN/A003225
2012-06-15$24.04$0.009.6%2.7%10.2%2.2%0.0%0.8%-0.6%-15.4K343.2K-8600.0018.89N/AN/A003225
2012-06-18$24.09$0.008.6%2.5%9.6%1.7%0.0%0.9%2.2%-8.8K189.6K-8250.0014.94N/AN/A003156
2012-06-19$24.31$0.007.8%2.2%9.3%1.2%0.0%2.4%3.1%-7.2K171.2K-8890.0018.35N/AN/A003156
2012-06-20$24.35$0.007.0%2.0%9.3%0.8%0.0%-0.1%3.4%-9.3K182.7K-8670.0014.24N/AN/A023156
2012-06-21$24.22$0.0051.5%14.8%9.5%26.3%0.0%30.2%37.6%-8.8K191.0K-9400.00163.08N/AN/A003154
2012-06-22$24.31$0.008.2%2.3%9.5%1.4%0.0%2.6%2.5%-9.3K179.4K-8510.0015.89N/AN/A003154
2012-06-25$24.17$0.0055.4%15.9%9.7%28.4%0.0%33.1%38.0%-8.9K194.5K-9120.00163.71N/AN/A003154
2012-06-26$24.29$0.008.1%2.3%9.7%1.4%0.0%0.6%0.4%-11.0K209.2K-8520.0010.70N/AN/A003154
2012-06-27$24.42$0.008.4%2.4%9.6%1.6%0.0%3.6%1.0%-8.4K176.4K-8200.0019.36N/AN/A003154
2012-06-28$24.44$0.008.1%2.3%9.6%1.4%0.0%3.7%2.9%-9.0K174.9K-8350.0015.13N/AN/A003154
2012-06-29$24.61$0.0051.6%14.8%8.7%26.3%0.0%43.3%61.0%-9.5K181.6K-9150.00163.50N/AN/A003154