PCEF Options History — November 2013

In November 2013, PCEF traded between $23.78 and $24.41. ATM implied volatility averaged 12.5%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 6.0% (HV 20d: 6.5%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-11-13: Highest Volume — 10 contracts
  • 2013-11-29: Largest IV spike — 696.0% change
  • 2013-11-29: Highest IV Rank — 38.0%
  • 2013-11-29: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.04$23.78$24.41$24.36$23.98
Max Pain$25.90$24.00$26.00$24.00$26.00
ATM IV12.5%6.5%57.8%11.4%57.8%
Expected Move3.0%1.6%16.6%3.3%16.6%
HV 20d6.5%4.9%9.2%9.2%5.5%
HV 60d8.2%7.7%9.0%8.9%7.7%
IV Rank5.9%1.6%38.0%5.1%38.0%
IV Percentile53.6%9.9%97.2%71.8%97.2%
Term Structure-5.3%-102.1%2.6%-3.4%-102.1%
VWIV9.3%9.3%9.3%9.3%9.3%
Skew 25d-0.8%-35.1%4.1%0.2%4.1%
Skew 10d-3.2%-80.9%12.8%0.8%-5.6%
Call IV 25d16.9%7.3%127.9%11.4%127.9%
Put IV 25d16.1%7.6%132.0%11.6%132.0%
Bid-Ask Spread %92.8866.67132.8886.09132.88
Gamma HHI0.370.280.510.290.36
Net GEX-21.1K-28.6K-12.5K-18.4K-12.5K
Net DEX252.1K216.8K288.1K219.5K238.0K
Net VEX-519-674-338-601-674
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.5501000
Total OI245.2243247247243

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-11-01$24.36$24.0011.4%3.3%9.2%5.1%0.0%0.2%-3.4%-18.4K219.5K-6010.0086.09N/AN/A0027220
2013-11-04$24.41$26.0012.8%2.6%9.0%6.1%0.0%2.3%-0.0%-23.4K220.6K-6510.0097.69N/AN/A0027220
2013-11-05$24.33$26.0013.2%2.6%8.5%6.4%0.0%1.3%0.5%-17.3K229.4K-5590.0087.38N/AN/A0027220
2013-11-06$24.33$26.0013.8%2.7%8.5%6.8%0.0%1.3%-0.7%-17.1K227.0K-5540.0096.45N/AN/A0027220
2013-11-07$24.21$26.0012.0%3.0%8.1%5.5%0.0%1.3%-1.1%-14.4K216.8K-3930.0084.30N/AN/A0027220
2013-11-08$24.04$26.0013.1%1.8%8.5%6.3%0.0%-0.7%2.6%-14.3K274.0K-4800.00107.63N/AN/A0027220
2013-11-11$24.13$26.0014.4%2.1%8.6%7.2%0.0%1.6%0.1%-14.5K232.1K-3380.0087.47N/AN/A0027220
2013-11-12$24.02$26.0014.6%1.6%7.2%7.4%0.0%1.0%1.0%-16.7K270.6K-4620.0079.31N/AN/A0027220
2013-11-13$24.05$26.0015.8%2.3%6.6%8.2%9.3%2.6%0.4%-27.4K255.1K-5100.0081.16N/AN/A01027220
2013-11-14$24.14$26.008.0%2.3%5.0%2.7%0.0%3.6%1.8%-24.7K248.1K-4290.00128.49N/AN/A0027220
2013-11-15$24.01$26.007.5%2.1%5.4%2.3%0.0%0.9%-0.5%-28.6K257.9K-5240.0081.38N/AN/A1027220
2013-11-18$23.93$26.006.7%1.9%5.4%1.8%0.0%-0.3%0.0%-23.1K265.7K-6470.0095.77N/AN/A0028215
2013-11-19$23.90$26.007.2%2.1%4.9%2.1%0.0%-0.2%-1.4%-22.1K251.9K-5470.0094.33N/AN/A0028215
2013-11-20$23.81$26.006.7%1.9%5.0%1.7%0.0%-0.9%-0.7%-24.9K288.1K-5340.0069.46N/AN/A0028215
2013-11-21$23.87$26.006.5%1.9%5.1%1.6%0.0%0.6%0.3%-27.7K252.8K-5420.0074.76N/AN/A0028215
2013-11-22$23.87$26.007.1%2.0%5.0%2.0%0.0%-0.3%-0.0%-25.4K269.9K-3690.0077.33N/AN/A0028215
2013-11-25$23.78$26.006.6%1.9%5.0%1.7%0.0%-0.1%-0.9%-21.6K276.6K-6190.0066.67N/AN/A0028215
2013-11-26$23.81$26.007.9%2.3%5.0%2.6%0.0%-0.2%-2.3%-23.4K280.4K-5750.00111.80N/AN/A0028215
2013-11-27$23.88$26.007.3%2.1%5.2%2.2%0.0%-35.1%0.6%-24.7K268.2K-3730.00117.27N/AN/A0028215
2013-11-29$23.98$26.0057.8%16.6%5.5%38.0%0.0%4.1%-102.1%-12.5K238.0K-6740.00132.88N/AN/A0028215