PCEF Options History — February 2013

In February 2013, PCEF traded between $25.82 and $26.23. ATM implied volatility averaged 11.0%, placing in the 3.4% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 6.0% (HV 20d: 5.0%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.03.

Notable Days

  • 2013-02-25: Highest Volume — 105 contracts
  • 2013-02-12: Largest IV spike — 1214.4% change
  • 2013-02-12: Highest IV Rank — 46.6%
  • 2013-02-12: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.10$25.82$26.23$26.17$26.06
Max Pain$25.95$25.00$26.00$25.00$26.00
ATM IV11.0%5.8%78.7%8.9%8.0%
Expected Move3.0%1.7%22.6%1.8%2.3%
HV 20d5.0%4.1%5.9%4.6%5.9%
HV 60d8.7%6.2%11.9%11.9%6.4%
IV Rank3.4%0.1%46.6%2.0%1.4%
IV Percentile24.3%0.8%96.8%47.2%29.8%
Term Structure-3.3%-36.9%0.4%0.2%-2.4%
VWIV7.9%6.0%9.7%9.7%6.0%
Skew 25d-0.3%-6.0%1.9%0.9%-0.6%
Skew 10d2.5%-0.4%24.4%2.8%-0.0%
Call IV 25d12.9%6.8%84.7%7.3%11.2%
Put IV 25d12.5%7.0%78.7%8.2%10.6%
Bid-Ask Spread %134.33111.11194.29144.02139.22
Gamma HHI0.460.380.650.400.59
Net GEX-20.0K-33.5K-9.6K-11.7K-16.7K
Net DEX76.9K-114.1K183.1K27.1K-114.1K
Net VEX-587-966-263-564-579
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.050.000.05
Total Volume9.368010501
Total OI204.526170305197305

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-02-01$26.17$25.008.9%1.8%4.6%2.0%0.0%0.9%0.2%-11.7K27.1K-5640.00144.02N/AN/A0034163
2013-02-04$26.04$26.008.5%2.1%4.9%1.8%0.0%-0.5%-0.7%-15.5K59.7K-2710.00113.63N/AN/A007163
2013-02-05$26.20$26.009.4%1.8%5.3%2.4%0.0%-0.3%-0.2%-16.8K73.5K-4440.00111.11N/AN/A0397163
2013-02-06$26.18$26.0010.0%1.9%5.3%2.8%0.0%0.7%-0.2%-17.8K92.8K-5330.00115.99N/AN/A007178
2013-02-07$26.18$26.006.9%2.0%5.1%0.7%9.7%1.9%-0.3%-19.4K149.0K-9450.00122.05N/AN/A037178
2013-02-08$26.23$26.005.8%1.7%5.1%0.1%0.0%0.8%-0.8%-14.8K99.2K-5740.00134.43N/AN/A007175
2013-02-11$26.21$26.006.0%1.7%5.1%0.2%6.0%0.4%0.4%-13.0K66.2K-3340.00124.92N/AN/A607175
2013-02-12$26.22$26.0078.7%22.6%5.1%46.6%0.0%-6.0%-36.9%-9.6K183.1K-9660.00194.29N/AN/A001175
2013-02-13$26.22$26.008.2%2.4%4.1%1.6%0.0%-0.2%-2.8%-21.3K153.6K-8350.00142.72N/AN/A001175
2013-02-14$26.23$26.006.2%1.8%4.1%0.4%0.0%-0.6%-1.0%-19.2K115.4K-5740.00124.97N/AN/A0101175
2013-02-15$26.05$26.006.3%1.8%4.5%0.4%0.0%-0.4%-2.4%-28.6K126.5K-7910.00143.00N/AN/A001185
2013-02-19$26.14$26.007.4%2.1%4.6%1.1%0.0%-0.9%-3.2%-26.3K119.4K-7540.00125.66N/AN/A0141185
2013-02-20$26.03$26.006.5%1.8%4.8%0.5%0.0%-0.9%-3.2%-31.0K85.4K-2630.00138.74N/AN/A001199
2013-02-21$25.91$26.005.9%1.7%4.9%0.1%0.0%-0.2%-1.2%-33.5K94.4K-2660.00134.43N/AN/A001199
2013-02-22$25.96$26.006.6%1.9%5.0%0.6%0.0%-0.6%-1.5%-30.5K126.4K-4540.00139.95N/AN/A001199
2013-02-25$25.82$26.006.6%1.9%5.3%0.6%0.0%-0.5%-2.4%-29.7K153.7K-5330.05133.67N/AN/A10051199
2013-02-26$25.93$26.006.7%1.9%5.5%0.7%0.0%0.3%-1.7%-12.2K-90.1K-6210.00139.47N/AN/A00101204
2013-02-27$26.07$26.007.2%2.1%5.9%0.9%0.0%0.1%-1.7%-12.1K-59.7K-8480.00130.07N/AN/A00101204
2013-02-28$26.06$26.008.0%2.3%5.9%1.4%0.0%-0.6%-2.4%-16.7K-114.1K-5790.00139.22N/AN/A01101204