PCEF Options History — September 2018

In September 2018, PCEF traded between $22.76 and $23.02. ATM implied volatility averaged 87.1%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 83.7% (HV 20d: 3.4%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.92.

Notable Days

  • 2018-09-04: Highest Volume — 23 contracts
  • 2018-09-24: Largest IV spike — 1974.6% change
  • 2018-09-19: Highest IV Rank — 99.7%
  • 2018-09-19: Largest Expected Move — 57.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.91$22.76$23.02$22.95$22.80
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV87.1%7.3%199.8%25.6%157.9%
Expected Move24.4%2.1%57.3%7.3%2.1%
HV 20d3.4%2.9%3.9%3.3%3.8%
HV 60d3.9%3.3%4.3%4.2%3.7%
IV Rank43.3%3.4%99.7%12.5%78.8%
IV Percentile46.8%15.1%99.6%25.8%67.5%
Term Structure-23.8%-171.3%139.7%139.7%-1.3%
VWIV16.3%8.6%24.0%24.0%8.6%
Skew 25d-11.8%-169.0%16.2%16.2%12.8%
Skew 10d-12.4%-169.0%16.2%16.2%12.8%
Call IV 25d74.3%6.5%179.6%174.7%169.4%
Put IV 25d62.6%5.6%190.9%190.9%182.2%
Bid-Ask Spread %175.22127.06196.87187.16185.80
Gamma HHI0.530.440.860.520.45
Net GEX2.6K-6984.6K3.7K-353
Net DEX3.3K-7.6K12.9K-4.6K12.4K
Net VEX-80-125-46-125-67
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.920.920.920.92
Total Volume19.316923239
Total OI3813474613

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$22.95$23.0025.6%7.3%3.3%12.5%24.0%16.2%139.7%3.7K-4.6K-1250.92187.16N/AN/A12113016
2018-09-05$22.95$23.008.3%2.4%3.3%3.9%8.6%0.7%-2.6%3.8K-7.6K-1150.92185.80N/AN/A12113215
2018-09-06$22.89$0.009.3%48.2%3.4%4.4%0.0%-169.0%-60.4%3.9K-4.5K-1150.92183.11N/AN/A12113215
2018-09-07$22.86$0.008.9%24.8%3.4%4.2%0.0%-0.7%-0.6%3.7K6.6K-820.92167.74N/AN/A12113215
2018-09-10$22.88$0.0013.3%2.8%3.2%6.4%0.0%-1.3%-2.1%3.6K-1.0K-740.92133.74N/AN/A12113215
2018-09-11$22.94$0.0011.5%26.1%3.4%5.5%0.0%-0.1%-0.5%3.0K4.3K-850.92164.62N/AN/A12113215
2018-09-12$23.00$0.0010.2%2.9%3.3%4.9%0.0%-1.1%-2.5%4.6K-3.4K-730.92136.72N/AN/A12113215
2018-09-13$23.02$0.00183.4%52.6%3.3%91.6%0.0%-23.8%-71.7%4.5K-3.6K-990.92184.76N/AN/A12113215
2018-09-14$22.98$0.00186.2%53.4%3.1%93.0%0.0%-24.2%-74.0%4.3K-2.0K-930.92184.67N/AN/A12113215
2018-09-17$22.94$0.00195.0%55.9%3.1%97.3%0.0%-24.9%-171.3%3.8K1.7K-820.92196.56N/AN/A12113215
2018-09-18$22.96$0.0010.7%3.1%2.9%5.1%0.0%-0.1%-2.9%4.3K-788-530.92127.06N/AN/A12113215
2018-09-19$22.94$0.00199.8%57.3%3.0%99.7%0.0%-25.2%-79.7%4.3K2.9K-770.92196.87N/AN/A12113215
2018-09-20$22.99$0.0010.6%3.0%3.0%5.0%0.0%-30.1%-3.1%4.6K-570-460.92144.28N/AN/A12113215
2018-09-21$22.98$0.007.3%2.1%2.9%3.4%0.0%-2.0%-1.3%-69812.9K-680.92195.41N/AN/A12113215
2018-09-24$22.80$0.00151.9%0.0%3.9%75.7%0.0%12.4%0.0%-34712.4K-680.00189.74N/AN/A09013
2018-09-25$22.78$0.00153.4%0.0%3.8%76.5%0.0%12.1%0.0%-35112.4K-680.00185.78N/AN/A09013
2018-09-26$22.81$0.00154.8%0.0%3.9%77.2%0.0%12.7%0.0%-35312.4K-670.00193.64N/AN/A09013
2018-09-27$22.76$0.00156.5%0.0%3.8%78.1%0.0%12.0%0.0%-35212.4K-670.00185.80N/AN/A09013
2018-09-28$22.80$0.00157.9%0.0%3.8%78.8%0.0%12.8%0.0%-35312.4K-670.00185.80N/AN/A09013