PCEF Options History — April 2018

In April 2018, PCEF traded between $22.79 and $23.23. ATM implied volatility averaged 123.0%, placing in the 61.4% IV rank vs the trailing year. The 30-day expected move averaged 35.3%. IV traded above realized volatility by 115.5% (HV 20d: 7.5%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.06.

Notable Days

  • 2018-04-17: Highest Volume — 50 contracts
  • 2018-04-23: Largest IV spike — 12417.4% change
  • 2018-04-18: Highest IV Rank — 100.0%
  • 2018-04-18: Largest Expected Move — 57.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.02$22.79$23.23$22.79$23.01
ATM IV123.0%0.5%200.3%163.0%88.7%
Expected Move35.3%0.1%57.4%0.6%0.3%
HV 20d7.5%5.4%8.3%8.1%5.4%
HV 60d9.8%9.6%9.9%9.7%9.6%
IV Rank61.4%0.0%100.0%81.6%44.1%
IV Percentile58.7%0.0%100.0%73.4%46.0%
Term Structure-13.3%-54.5%147.4%-36.4%147.4%
Skew 25d15.1%-82.7%75.3%12.6%-82.7%
Skew 10d15.1%-82.7%75.3%12.6%-82.7%
Call IV 25d106.1%77.7%181.5%175.2%93.0%
Put IV 25d121.2%10.3%197.2%187.8%10.3%
Bid-Ask Spread %194.08182.25198.03197.83196.48
Gamma HHI0.910.720.960.890.96
Net GEX5012421.4K282909
Net DEX-33.0K-53.6K-21.0K-21.5K-44.2K
Net VEX-146-209-96-106-200
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.040.070.070.04
Total Volume39.52430503050
Total OI34.57126462646

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$22.79$0.00163.0%0.0%8.1%81.6%0.0%12.6%0.0%282-21.5K-1060.07197.83N/AN/A282215
2018-04-03$22.85$0.00164.6%0.0%8.2%82.4%0.0%13.8%0.0%288-21.7K-1060.07189.75N/AN/A282215
2018-04-04$22.95$0.002.1%0.6%8.3%0.7%0.0%15.7%0.0%290-22.0K-1050.07197.44N/AN/A282215
2018-04-05$23.02$0.00168.5%48.3%8.3%84.3%0.0%17.1%-36.4%242-21.9K-1050.07182.25N/AN/A282215
2018-04-06$22.93$0.00170.1%48.8%8.2%85.1%0.0%15.7%-37.7%337-21.0K-1050.07197.24N/AN/A282215
2018-04-09$23.01$0.00177.0%50.7%7.9%88.6%0.0%66.2%-41.0%286-22.1K-1020.07191.41N/AN/A282215
2018-04-10$23.11$0.00179.5%51.5%8.1%89.9%0.0%67.8%-43.1%285-22.3K-1020.07196.68N/AN/A282215
2018-04-11$23.13$0.00181.9%52.1%8.0%91.1%0.0%69.3%-43.8%251-23.7K-1000.07195.50N/AN/A282215
2018-04-12$23.16$0.00184.2%52.8%8.0%92.2%0.0%69.7%-45.3%251-23.9K-990.07185.16N/AN/A282215
2018-04-13$23.09$0.00186.7%53.5%8.0%93.5%0.0%70.9%-46.7%244-23.6K-990.07197.82N/AN/A282215
2018-04-16$23.18$0.00194.7%55.8%8.2%97.5%0.0%71.9%-50.3%244-23.7K-970.07188.76N/AN/A282215
2018-04-17$23.23$0.00198.5%56.9%7.1%99.4%0.0%73.5%-53.8%245-24.0K-960.04190.44N/AN/A482215
2018-04-18$23.23$0.00200.3%57.4%7.1%100.0%0.0%74.2%-54.5%616-53.6K-2070.04194.63N/AN/A482415
2018-04-19$23.16$0.001.5%0.4%7.1%0.4%0.0%75.1%145.3%667-51.6K-2090.04196.86N/AN/A482415
2018-04-20$23.08$0.001.2%0.3%6.9%0.2%0.0%75.3%147.4%562-50.3K-2080.04197.63N/AN/A482415
2018-04-23$22.90$0.00151.5%0.0%7.2%75.5%0.0%-75.8%0.0%764-45.8K-2070.04195.90N/AN/A482415
2018-04-24$22.86$0.0083.6%0.0%6.9%41.5%0.0%-77.9%0.0%806-44.9K-2060.04191.71N/AN/A482415
2018-04-25$22.84$0.0084.4%0.0%6.8%41.9%0.0%-78.1%0.0%720-45.7K-2030.04198.03N/AN/A482415
2018-04-26$22.95$0.000.5%0.1%7.0%0.0%0.0%-78.3%0.0%1.4K-39.9K-2050.04196.28N/AN/A482415
2018-04-27$22.99$0.001.2%0.3%6.3%0.3%0.0%-79.4%0.0%860-44.8K-2040.04197.83N/AN/A482415
2018-04-30$23.01$0.0088.7%0.0%5.4%44.1%0.0%-82.7%0.0%909-44.2K-2000.04196.48N/AN/A482415