PCEF Options History — July 2012

In July 2012, PCEF traded between $24.64 and $25.17. ATM implied volatility averaged 11.9%, placing in the 3.6% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 5.9% (HV 20d: 6.0%). 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 4 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-07-13: Highest Volume — 10 contracts
  • 2012-07-20: Largest IV spike — 1124.2% change
  • 2012-07-20: Highest IV Rank — 48.0%
  • 2012-07-20: Largest Expected Move — 25.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.89$24.64$25.17$24.64$25.16
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV11.9%6.1%89.6%6.1%10.0%
Expected Move3.3%1.7%25.7%1.7%2.9%
HV 20d6.0%4.1%8.3%8.2%4.1%
HV 60d8.9%8.8%9.4%9.3%8.8%
IV Rank3.6%0.2%48.0%0.2%2.4%
IV Percentile22.4%0.4%86.5%0.4%39.7%
Term Structure-5.2%-85.9%1.6%1.6%-0.8%
VWIV8.3%7.6%9.0%7.6%9.0%
Skew 25d6.1%-2.3%109.1%6.1%1.4%
Skew 10d5.5%-9.9%113.4%-2.7%2.3%
Call IV 25d8.3%6.4%16.2%7.2%9.4%
Put IV 25d14.4%6.6%117.3%13.3%10.8%
Bid-Ask Spread %73.4818.50195.8320.0958.26
Gamma HHI0.820.641.000.641.00
Net GEX-13.3K-20.5K-8.5K-8.6K-20.5K
Net DEX166.1K147.6K180.2K171.3K158.3K
Net VEX-720-829-516-802-572
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.8101000
Total OI161.762157171157171

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-07-02$24.64$0.006.1%1.7%8.2%0.2%0.0%6.1%1.6%-8.6K171.3K-8020.0020.09N/AN/A003154
2012-07-03$24.78$0.006.5%1.9%8.3%0.5%0.0%-2.3%-0.2%-8.8K167.2K-8220.0018.50N/AN/A003154
2012-07-05$24.76$0.006.8%1.9%7.7%0.6%7.6%7.2%0.9%-9.1K168.7K-8200.0021.99N/AN/A043154
2012-07-06$24.74$0.008.3%2.0%7.7%1.5%0.0%-0.5%-1.9%-10.3K176.8K-8190.0083.32N/AN/A003158
2012-07-09$24.80$0.008.8%2.0%7.5%1.8%0.0%-0.1%-1.9%-8.6K167.0K-8290.0083.70N/AN/A003158
2012-07-10$24.75$0.009.0%2.2%7.2%1.9%0.0%0.4%-2.1%-8.5K165.5K-8090.0089.86N/AN/A003158
2012-07-11$24.81$0.008.9%1.9%6.9%1.8%0.0%-0.2%-2.0%-8.7K166.5K-8230.0082.41N/AN/A003158
2012-07-12$24.75$0.007.9%2.3%6.8%1.3%0.0%1.0%-0.6%-8.7K166.4K-8190.0083.32N/AN/A003158
2012-07-13$24.77$0.007.2%2.1%6.7%0.9%0.0%1.8%-0.4%-9.3K165.6K-8170.0085.98N/AN/A0103158
2012-07-16$24.85$0.007.7%2.2%6.1%1.1%0.0%0.4%-1.5%-14.4K172.9K-8180.0096.42N/AN/A003164
2012-07-17$24.86$0.007.8%2.2%6.1%1.2%0.0%0.7%-2.4%-18.9K180.2K-7930.0090.79N/AN/A003164
2012-07-18$24.93$0.007.6%2.2%5.5%1.1%0.0%0.5%0.2%-20.4K177.9K-7780.0090.49N/AN/A003164
2012-07-19$24.99$0.007.3%2.1%5.5%0.9%0.0%0.9%-2.8%-18.9K165.3K-8060.0088.02N/AN/A003164
2012-07-20$24.98$0.0089.6%25.7%4.9%48.0%0.0%109.1%-85.9%-11.3K168.8K-7800.00195.83N/AN/A003164
2012-07-23$24.93$0.007.8%2.2%5.0%1.2%0.0%0.2%-2.8%-14.9K158.0K-5350.0085.52N/AN/A0103154
2012-07-24$24.86$0.007.3%2.1%4.5%0.9%0.0%-1.7%-2.5%-14.7K160.8K-5340.0059.69N/AN/A003154
2012-07-25$24.93$0.008.4%2.4%4.4%1.5%0.0%-0.2%-0.9%-15.7K165.5K-5160.0042.05N/AN/A403154
2012-07-26$25.04$0.008.7%2.5%4.3%1.7%0.0%0.1%-0.9%-16.6K163.2K-5290.0066.63N/AN/A007154
2012-07-27$25.17$0.009.5%2.7%4.5%2.2%0.0%1.4%-2.1%-17.3K153.8K-5480.0043.14N/AN/A007154
2012-07-30$25.15$0.008.9%2.6%4.1%1.9%9.0%1.4%0.0%-16.0K147.6K-5510.0057.07N/AN/A0107154
2012-07-31$25.16$25.0010.0%2.9%4.1%2.4%0.0%1.4%-0.8%-20.5K158.3K-5720.0058.26N/AN/A007164