PCEF Options History — November 2014

In November 2014, PCEF traded between $24.14 and $24.45. ATM implied volatility averaged 100.0%, placing in the 55.5% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 93.4% (HV 20d: 6.5%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days.

Notable Days

  • 2014-11-21: Highest Volume — 50 contracts
  • 2014-11-10: Largest IV spike — 90.5% change
  • 2014-11-11: Highest IV Rank — 84.5%
  • 2014-11-20: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.33$24.14$24.45$24.45$24.40
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV100.0%57.3%150.8%101.2%71.6%
Expected Move12.7%7.7%13.7%12.2%13.5%
HV 20d6.5%4.1%10.5%10.5%4.3%
HV 60d7.2%7.1%7.4%7.4%7.3%
IV Rank55.5%31.1%84.5%56.2%39.3%
IV Percentile78.9%52.8%96.0%84.9%57.9%
Term Structure-34.3%-49.6%32.9%-44.2%32.9%
VWIV21.0%16.9%33.7%20.4%17.3%
Skew 25d4.0%-81.4%61.7%-81.4%-1.3%
Skew 10d2.8%-81.4%61.7%-81.4%-1.3%
Call IV 25d103.6%40.2%148.3%145.3%60.3%
Put IV 25d107.6%31.3%159.4%63.9%59.0%
Bid-Ask Spread %178.13157.31196.35176.20196.35
Gamma HHI0.380.340.480.370.38
Net GEX-3.9K-5.2K-1.3K-4.8K-4.4K
Net DEX101.1K89.1K110.8K108.9K101.0K
Net VEX-334-374-100-351-357
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume28.105050350
Total OI77.36877797778

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$24.45$26.00101.2%12.2%10.5%56.2%20.4%-81.4%-44.2%-4.8K108.9K-3510.00176.20N/AN/A035077
2014-11-04$24.38$26.00118.8%12.3%10.5%66.3%19.6%5.2%-44.3%-4.8K106.3K-3490.00178.95N/AN/A035077
2014-11-05$24.42$26.00122.6%12.4%10.4%68.4%16.9%10.7%-46.7%-3.1K98.9K-3620.00188.49N/AN/A035077
2014-11-06$24.42$26.00126.4%7.7%10.0%70.6%18.2%11.1%-49.6%-2.5K89.1K-3740.00168.32N/AN/A035077
2014-11-07$24.42$26.0075.9%12.5%9.5%41.7%33.7%-60.2%-31.2%-1.3K95.3K-1000.00175.31N/AN/A035077
2014-11-10$24.38$26.00144.5%12.8%8.3%80.9%23.9%4.3%-29.9%-4.3K95.0K-3600.00157.31N/AN/A035077
2014-11-11$24.44$26.00150.8%12.6%8.3%84.5%21.2%5.1%-38.7%-2.7K90.2K-3730.00162.28N/AN/A035079
2014-11-12$24.44$26.0091.4%12.7%5.6%50.6%20.4%4.3%-34.2%-4.8K106.0K-3360.00177.59N/AN/A035077
2014-11-13$24.39$26.0081.3%12.7%5.5%44.8%18.9%6.7%-34.0%-5.2K108.8K-3210.00180.53N/AN/A035077
2014-11-14$24.20$26.0057.3%12.9%5.5%31.1%0.0%44.6%-35.6%-4.3K94.2K-3530.00184.34N/AN/A00077
2014-11-17$24.14$26.0088.3%13.1%5.6%48.8%19.7%3.2%-40.3%-4.1K103.9K-3290.00173.15N/AN/A035077
2014-11-18$24.20$26.0089.5%13.2%4.6%49.5%24.0%61.7%-42.3%-4.1K94.2K-3400.00176.92N/AN/A035077
2014-11-19$24.20$26.0090.9%13.1%4.6%50.3%0.0%3.5%-38.5%-3.5K104.1K-3170.00185.76N/AN/A00077
2014-11-20$24.19$26.0092.5%13.7%4.2%51.2%18.0%1.6%-38.6%-4.1K106.8K-3120.00185.11N/AN/A049077
2014-11-21$24.27$26.0093.6%13.5%4.4%51.9%21.2%42.8%-42.4%-4.2K107.8K-3550.00158.82N/AN/A050078
2014-11-24$24.29$26.0099.1%13.3%4.3%55.0%0.0%6.3%-28.5%-4.1K102.6K-3610.00185.31N/AN/A00078
2014-11-25$24.32$26.00100.8%13.4%4.1%55.9%17.3%4.4%-31.1%-4.0K110.8K-3330.00183.66N/AN/A050078
2014-11-26$24.41$26.00102.6%13.5%4.3%57.0%0.0%4.0%-33.7%-3.9K96.3K-3680.00190.10N/AN/A00078
2014-11-28$24.40$26.0071.6%13.5%4.3%39.3%0.0%-1.3%32.9%-4.4K101.0K-3570.00196.35N/AN/A00078