PCEF Options History — January 2014

In January 2014, PCEF traded between $24.10 and $24.63. ATM implied volatility averaged 10.5%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 3.5% (HV 20d: 7.0%). 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 9 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-01-31: Highest Volume — 12 contracts
  • 2014-01-16: Largest IV drop — 54.6% change
  • 2014-01-14: Highest IV Rank — 13.4%
  • 2014-01-29: Largest Expected Move — 3.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.38$24.10$24.63$24.23$24.10
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV10.5%6.3%23.1%9.5%8.4%
Expected Move2.3%1.8%3.0%2.7%2.4%
HV 20d7.0%5.3%7.6%7.4%7.1%
HV 60d6.7%6.1%7.6%7.6%6.8%
IV Rank4.5%1.5%13.4%3.8%3.0%
IV Percentile55.2%6.3%96.0%58.7%40.1%
Term Structure-0.9%-5.2%3.8%-3.8%-1.4%
VWIV8.3%6.8%10.4%7.8%6.8%
Skew 25d0.6%-2.9%4.2%-2.9%0.5%
Skew 10d2.5%0.3%5.4%0.4%3.1%
Call IV 25d8.3%5.8%12.3%12.3%9.0%
Put IV 25d9.0%7.4%12.4%9.5%9.6%
Bid-Ask Spread %73.5434.60119.7774.7782.14
Gamma HHI0.350.290.580.410.32
Net GEX-6.4K-10.3K-2.8K-4.3K-6.0K
Net DEX120.0K93.7K144.8K118.6K144.8K
Net VEX-341-487-166-166-350
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.9520121012
Total OI142.286135154135145

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$24.23$24.009.5%2.7%7.4%3.8%0.0%-2.9%-3.8%-4.3K118.6K-1660.0074.77N/AN/A01019116
2014-01-03$24.26$24.008.2%2.4%7.4%2.8%0.0%-2.7%-4.2%-5.5K132.2K-2600.0045.23N/AN/A0019126
2014-01-06$24.27$0.009.9%2.0%7.2%4.0%0.0%0.4%0.7%-7.2K143.3K-3710.00115.75N/AN/A0019126
2014-01-07$24.44$0.0011.7%2.1%7.3%5.3%0.0%-0.5%1.3%-4.3K124.1K-2580.00119.77N/AN/A0019126
2014-01-08$24.45$0.0010.2%2.8%7.3%4.2%0.0%-0.1%-5.2%-8.1K132.5K-4360.00101.09N/AN/A0019126
2014-01-09$24.45$0.009.8%2.0%7.3%4.0%0.0%4.2%3.8%-9.4K124.7K-4870.0082.82N/AN/A0019126
2014-01-10$24.58$0.0013.1%2.0%7.2%6.3%7.8%2.8%1.4%-8.1K98.4K-3680.0081.80N/AN/A9019126
2014-01-13$24.44$24.0015.8%2.4%7.6%8.2%0.0%-0.1%-3.4%-5.0K95.5K-3640.0062.87N/AN/A0028126
2014-01-14$24.52$24.0023.1%2.1%6.9%13.4%0.0%2.5%-0.4%-4.7K93.7K-3840.0081.19N/AN/A0028126
2014-01-15$24.42$0.0017.4%2.5%7.3%9.3%0.0%1.4%-3.3%-8.1K126.2K-4050.0083.72N/AN/A0019126
2014-01-16$24.45$0.007.9%2.3%7.3%2.6%0.0%1.0%2.2%-8.6K117.8K-2880.0070.02N/AN/A0019126
2014-01-17$24.50$0.007.5%2.2%6.9%2.4%0.0%0.7%1.4%-10.3K111.7K-3520.0036.63N/AN/A0019126
2014-01-21$24.55$0.006.3%1.8%6.8%1.5%0.0%1.3%-0.3%-6.9K100.7K-3600.0035.96N/AN/A0019116
2014-01-22$24.63$0.006.3%1.8%6.7%1.5%0.0%1.3%0.5%-6.8K95.8K-3670.0034.60N/AN/A0019116
2014-01-23$24.58$0.006.7%1.9%5.3%1.7%0.0%1.6%0.4%-6.3K101.9K-3380.0038.99N/AN/A0019116
2014-01-24$24.38$0.009.6%2.8%6.1%3.8%0.0%-0.3%-4.5%-6.0K123.1K-3490.0069.63N/AN/A0019116
2014-01-27$24.18$0.009.0%2.6%6.7%3.4%0.0%1.6%0.8%-6.9K140.1K-3580.0084.67N/AN/A0019116
2014-01-28$24.27$0.009.8%2.8%6.8%3.9%0.0%0.1%-2.2%-2.8K116.5K-2320.0089.40N/AN/A5019116
2014-01-29$24.11$0.0010.4%3.0%7.1%4.4%10.4%1.2%-0.8%-5.4K141.6K-3480.0079.45N/AN/A0524116
2014-01-30$24.19$24.009.7%2.8%7.1%3.9%0.0%-0.4%-2.1%-4.2K137.4K-3220.0073.78N/AN/A0024121
2014-01-31$24.10$24.008.4%2.4%7.1%3.0%6.8%0.5%-1.4%-6.0K144.8K-3500.0082.14N/AN/A01224121