PCEF Options History — February 2014

In February 2014, PCEF traded between $23.93 and $24.79. ATM implied volatility averaged 11.2%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded above realized volatility by 3.9% (HV 20d: 7.2%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 2 of 19 days.

Notable Days

  • 2014-02-18: Highest Volume — 14 contracts
  • 2014-02-18: Largest IV spike — 472.5% change
  • 2014-02-18: Highest IV Rank — 32.3%
  • 2014-02-18: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.45$23.93$24.79$23.93$24.79
Max Pain$24.53$24.00$25.00$24.00$25.00
ATM IV11.2%7.0%49.8%10.1%7.5%
Expected Move3.1%2.0%14.3%2.9%2.2%
HV 20d7.2%5.7%7.9%7.5%5.7%
HV 60d6.9%6.7%7.0%6.9%6.7%
IV Rank4.9%2.0%32.3%4.1%2.4%
IV Percentile48.1%17.5%98.0%64.7%25.0%
Term Structure-6.4%-85.4%0.5%-0.3%-0.9%
VWIV8.3%7.3%9.6%9.6%7.3%
Skew 25d-13.4%-75.5%3.0%0.8%1.6%
Skew 10d-0.0%-43.7%33.6%2.1%2.8%
Call IV 25d23.1%6.4%83.9%10.8%7.5%
Put IV 25d9.7%7.1%15.1%11.6%9.1%
Bid-Ask Spread %82.7838.46162.5788.89102.02
Gamma HHI0.350.260.560.360.37
Net GEX-9.4K-14.0K-2.5K-9.0K-9.4K
Net DEX131.7K106.6K175.2K175.2K114.7K
Net VEX-297-467-210-393-237
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.15801400
Total OI140.684123157157123

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$23.93$24.0010.1%2.9%7.5%4.1%0.0%0.8%-0.3%-9.0K175.2K-3930.0088.89N/AN/A0024133
2014-02-04$24.07$24.009.3%2.7%7.8%3.6%0.0%1.9%0.5%-7.9K161.6K-3240.0091.47N/AN/A0024133
2014-02-05$24.07$24.0010.2%2.9%7.3%4.3%9.6%1.4%-0.9%-7.8K158.9K-3280.0089.99N/AN/A0524133
2014-02-06$24.18$24.0010.5%3.0%7.5%4.4%0.0%1.8%-0.6%-5.2K125.8K-2590.0093.58N/AN/A0024128
2014-02-07$24.33$24.008.8%2.8%7.9%3.2%0.0%-55.4%-2.8%-6.8K132.5K-3680.00162.57N/AN/A0024128
2014-02-10$24.44$24.0012.8%2.5%7.8%6.1%0.0%-68.8%-2.2%-10.8K146.1K-4670.00101.90N/AN/A0024128
2014-02-11$24.50$24.0010.3%3.2%7.6%4.4%0.0%1.5%-7.3%-6.7K108.4K-2810.0083.70N/AN/A0024128
2014-02-12$24.48$24.0013.2%2.4%7.5%6.4%0.0%1.3%-2.9%-2.5K122.4K-2170.0084.74N/AN/A0024128
2014-02-13$24.54$24.007.7%2.2%7.4%2.4%0.0%2.0%0.0%-8.7K106.6K-3070.0065.89N/AN/A0024128
2014-02-14$24.44$25.008.7%2.5%7.6%3.2%0.0%-75.5%-5.3%-14.0K131.6K-2720.0084.46N/AN/A007128
2014-02-18$24.54$25.0049.8%14.3%7.7%32.3%8.0%-69.8%-85.4%-13.8K133.4K-2860.0084.66N/AN/A0147128
2014-02-19$24.48$25.009.4%2.7%7.7%3.6%0.0%-0.8%-5.8%-12.2K140.3K-2100.0068.96N/AN/A007128
2014-02-20$24.54$25.007.0%2.0%7.7%2.0%0.0%3.0%-1.3%-13.0K136.8K-3230.0038.46N/AN/A007128
2014-02-21$24.55$25.007.1%2.1%7.6%2.1%0.0%0.2%-2.1%-12.9K128.7K-2770.0060.38N/AN/A007128
2014-02-24$24.60$25.007.2%2.1%7.0%2.1%0.0%0.4%-0.9%-9.5K115.9K-3090.0064.80N/AN/A007116
2014-02-25$24.62$25.007.5%2.1%6.2%2.3%0.0%-0.5%-1.0%-9.8K125.5K-2590.0060.21N/AN/A007116
2014-02-26$24.62$25.007.6%2.2%6.1%2.4%0.0%-0.9%-1.1%-10.0K125.4K-2620.0061.19N/AN/A007116
2014-02-27$24.77$25.007.3%2.1%5.8%2.2%7.3%0.5%-0.8%-8.6K111.8K-2640.0084.94N/AN/A037116
2014-02-28$24.79$25.007.5%2.2%5.7%2.4%0.0%1.6%-0.9%-9.4K114.7K-2370.00102.02N/AN/A007116