PCEF Options History — March 2017

In March 2017, PCEF traded between $22.73 and $23.40. ATM implied volatility averaged 82.9%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 37.3%. IV traded above realized volatility by 76.1% (HV 20d: 6.9%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 4 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.31.

Notable Days

  • 2017-03-13: Highest Volume — 57 contracts
  • 2017-03-15: Largest IV spike — 306.9% change
  • 2017-03-21: Highest IV Rank — 97.6%
  • 2017-03-21: Largest Expected Move — 55.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.00$22.73$23.40$23.40$23.09
Max Pain$23.21$23.00$24.00$24.00$23.00
ATM IV82.9%17.2%194.6%17.2%82.1%
Expected Move37.3%4.9%55.8%4.9%15.6%
HV 20d6.9%4.3%7.9%4.3%7.3%
HV 60d5.3%4.4%5.7%4.4%5.5%
IV Rank41.4%8.3%97.6%8.3%41.0%
IV Percentile61.3%28.6%98.0%28.6%58.7%
Term Structure-16.1%-174.4%145.9%134.3%137.5%
VWIV152.8%25.3%197.9%25.3%197.9%
Skew 25d32.4%-111.4%168.3%156.0%141.5%
Skew 10d31.3%-111.4%171.0%156.0%171.0%
Call IV 25d76.6%8.6%184.2%23.2%39.9%
Put IV 25d109.1%7.3%195.0%179.2%181.3%
Bid-Ask Spread %181.33122.79198.03171.42134.65
Gamma HHI0.460.300.920.400.30
Net GEX-1.8K-4.6K1.6K-2.2K285
Net DEX18.7K-13.0K37.6K16.2K-13.0K
Net VEX-210-307-100-211-206
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.821.791.170.82
Total Volume48.08737575251
Total OI69.30450858466

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-03-01$23.40$24.0017.2%4.9%4.3%8.3%0.0%156.0%134.3%-2.2K16.2K-2111.17171.42N/AN/A24282361
2017-03-02$23.25$24.0019.9%5.7%4.9%9.7%0.0%168.3%134.9%-2.8K15.6K-1911.17179.32N/AN/A24282357
2017-03-03$23.30$24.0019.9%5.7%4.9%9.7%25.3%17.6%136.0%-2.4K10.7K-1771.17179.05N/AN/A24282358
2017-03-06$23.24$0.0026.7%29.9%4.9%13.1%0.0%2.0%-85.9%-2.8K19.7K-1251.17192.09N/AN/A24282358
2017-03-07$23.19$0.0029.7%47.2%5.0%14.6%0.0%16.4%-158.2%-2.5K13.6K-1701.17190.93N/AN/A24282358
2017-03-08$23.03$0.0042.7%48.0%5.5%21.1%0.0%14.6%-146.7%-2.7K22.2K-1871.17182.55N/AN/A24282358
2017-03-09$22.73$0.0036.7%48.4%7.1%18.1%0.0%8.5%-159.6%-4.1K33.1K-2591.17198.03N/AN/A24282358
2017-03-10$22.85$0.0037.1%48.8%7.4%18.3%0.0%10.7%-160.6%-3.1K29.7K-1681.17164.90N/AN/A24282357
2017-03-13$22.88$0.0048.5%50.7%7.4%24.0%0.0%-98.2%-166.7%-4.6K26.4K-2371.38192.84N/AN/A24332357
2017-03-14$22.75$0.0044.8%28.1%7.5%22.2%0.0%-2.1%-6.9%-3.5K37.6K-2711.13193.82N/AN/A24272362
2017-03-15$22.84$0.00182.4%52.3%7.7%91.5%0.0%8.7%-170.4%-3.3K3.9K-1001.13195.32N/AN/A24272356
2017-03-16$22.86$0.00183.5%52.6%7.4%92.0%180.6%-111.4%-172.7%-3.3K23.0K-2231.17186.40N/AN/A24282358
2017-03-17$22.95$23.00185.7%53.2%7.5%93.2%183.7%-108.1%-174.4%-1.2K18.2K-2271.29187.19N/AN/A24312355
2017-03-20$23.00$23.00133.9%38.4%7.5%67.1%134.5%35.9%10.6%-59319.3K-2341.64196.87N/AN/A14231337
2017-03-21$22.85$23.00194.6%55.8%7.8%97.6%194.6%9.2%98.3%-1.4K16.3K-2221.79190.30N/AN/A14251337
2017-03-22$22.86$23.00170.8%49.0%7.8%85.6%197.9%15.6%-43.8%-1.4K18.0K-2321.79170.50N/AN/A14251339
2017-03-23$22.90$23.0076.2%0.0%7.7%38.0%0.0%-1.7%139.6%426.9K-2281.79193.15N/AN/A14251339
2017-03-24$22.92$23.0054.4%15.6%7.7%27.0%0.0%-25.1%25.8%-1.2K22.0K-1991.79122.79N/AN/A14251339
2017-03-27$22.91$23.0079.1%0.0%7.6%39.5%0.0%-0.0%0.0%-4126.3K-2081.71183.05N/AN/A14241339
2017-03-28$23.02$23.0079.8%0.0%7.9%39.8%0.0%167.2%144.9%-21719.0K-2291.71193.15N/AN/A14241338
2017-03-29$23.07$23.0080.5%0.0%7.6%40.2%0.0%167.5%145.9%3023.4K-2220.86187.56N/AN/A28241338
2017-03-30$23.08$23.0081.3%0.0%7.3%40.6%0.0%153.5%0.0%1.6K2.2K-3070.86184.70N/AN/A28242838
2017-03-31$23.09$23.0082.1%0.0%7.3%41.0%0.0%141.5%137.5%285-13.0K-2060.82134.65N/AN/A28232838