PCEF Options History — January 2013

In January 2013, PCEF traded between $25.60 and $26.19. ATM implied volatility averaged 15.0%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 6.8% (HV 20d: 8.2%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-01-25: Highest Volume — 79 contracts
  • 2013-01-25: Largest IV spike — 1314.5% change
  • 2013-01-25: Highest IV Rank — 56.7%
  • 2013-01-25: Largest Expected Move — 27.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.97$25.60$26.19$25.65$26.07
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV15.0%6.2%94.5%13.7%8.0%
Expected Move4.1%1.8%27.1%3.9%2.3%
HV 20d8.2%4.6%8.5%8.3%4.6%
HV 60d12.1%11.9%12.2%12.2%11.9%
IV Rank5.9%0.3%56.7%5.1%1.5%
IV Percentile36.4%2.0%97.6%79.8%32.5%
Term Structure0.3%-31.5%58.4%-0.7%-2.9%
Skew 25d10.7%0.2%122.8%2.4%1.9%
Skew 10d15.5%-0.9%137.6%7.4%4.1%
Call IV 25d7.2%6.3%9.5%7.8%8.6%
Put IV 25d17.9%7.5%129.1%10.2%10.6%
Bid-Ask Spread %140.08128.02193.65149.58133.50
Gamma HHI0.480.330.910.410.39
Net GEX-6.7K-13.1K-1.8K-6.8K-12.0K
Net DEX5.0K-35.3K57.2K57.2K36.8K
Net VEX-342-584-116-185-569
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6.714079270
Total OI118.9056219762197

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-01-02$25.65$24.0013.7%3.9%8.3%5.1%0.0%2.4%-0.7%-6.8K57.2K-1850.00149.58N/AN/A270755
2013-01-03$25.60$24.009.0%2.6%8.3%2.1%0.0%0.5%-0.9%-1.8K25.8K-3770.00128.02N/AN/A003455
2013-01-04$25.71$0.0012.9%2.7%8.4%4.6%0.0%0.2%-0.3%-2.0K24.4K-3510.00159.69N/AN/A403455
2013-01-07$25.77$0.0013.9%2.8%8.4%5.3%0.0%3.4%-0.3%-2.2K21.6K-3370.00153.13N/AN/A003455
2013-01-08$25.83$0.0011.9%2.2%8.4%4.0%0.0%0.6%-0.3%-2.2K-28.6K-1170.00135.38N/AN/A003455
2013-01-09$25.94$0.0010.6%2.0%8.4%3.1%0.0%1.1%0.4%-3.6K-32.3K-1160.00133.54N/AN/A003455
2013-01-10$26.00$0.006.9%2.0%8.4%0.8%0.0%0.7%-0.3%-3.7K-35.3K-1200.00131.27N/AN/A003455
2013-01-11$26.02$0.006.8%2.0%8.4%0.7%0.0%2.5%-1.8%-2.8K-24.3K-2040.00133.87N/AN/A0103455
2013-01-14$26.01$0.007.5%2.2%8.2%1.2%0.0%2.7%-0.4%-5.1K-1.9K-3430.00134.12N/AN/A003465
2013-01-15$25.81$0.007.4%2.1%8.4%1.1%0.0%1.4%-1.1%-4.8K5.9K-3590.00136.29N/AN/A0203465
2013-01-16$25.84$0.007.1%2.0%8.4%0.9%0.0%0.8%-0.5%-8.7K18.5K-4270.00130.45N/AN/A003485
2013-01-17$25.98$0.006.2%1.8%8.5%0.3%0.0%1.1%-1.2%-8.9K5.5K-3980.00137.32N/AN/A003485
2013-01-18$26.06$0.006.3%1.8%8.5%0.4%0.0%1.2%-1.3%-8.8K-992-3850.00136.66N/AN/A003485
2013-01-22$26.11$0.006.4%1.8%8.5%0.5%0.0%2.2%-1.5%-9.4K-9.7K-3480.00133.50N/AN/A003483
2013-01-23$26.17$0.006.5%1.9%8.4%0.5%0.0%2.1%-1.7%-9.5K-18.5K-3260.00133.36N/AN/A003483
2013-01-24$26.17$0.006.7%1.9%8.4%0.6%0.0%2.1%-1.9%-9.1K-17.0K-3130.00133.36N/AN/A013483
2013-01-25$26.19$0.0094.5%27.1%8.4%56.7%0.0%122.8%-31.5%-2.3K33.8K-4680.00193.65N/AN/A0793484
2013-01-28$26.14$0.007.3%2.1%8.3%1.1%0.0%2.8%-2.1%-13.1K29.4K-5840.00133.24N/AN/A0034163
2013-01-29$26.13$0.007.0%2.0%8.2%0.8%0.0%2.2%-2.3%-12.3K31.7K-5820.00133.24N/AN/A0034163
2013-01-30$26.09$0.0057.7%16.5%8.2%33.2%0.0%69.1%58.4%-11.0K-16.6K-2760.00148.60N/AN/A0034163
2013-01-31$26.07$0.008.0%2.3%4.6%1.5%0.0%1.9%-2.9%-12.0K36.8K-5690.00133.50N/AN/A0034163