PCEF Options History — November 2018

In November 2018, PCEF traded between $20.94 and $21.87. ATM implied volatility averaged 90.4%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 33.5%. IV traded above realized volatility by 81.5% (HV 20d: 8.9%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 19.98.

Notable Days

  • 2018-11-13: Highest Volume — 31 contracts
  • 2018-11-21: Largest IV spike — 13231.7% change
  • 2018-11-14: Highest IV Rank — 96.2%
  • 2018-11-14: Largest Expected Move — 55.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.39$20.94$21.87$21.53$21.29
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV90.4%1.2%192.7%34.4%172.5%
Expected Move33.5%0.3%55.3%9.9%0.3%
HV 20d8.9%7.9%9.5%9.5%8.8%
HV 60d7.4%6.7%8.1%6.7%8.1%
IV Rank45.0%0.3%96.2%17.0%86.1%
IV Percentile45.0%2.4%92.5%27.8%75.4%
Term Structure37.9%-85.9%160.6%136.4%160.6%
VWIV109.0%34.4%193.5%34.4%53.5%
Skew 25d-62.6%-175.0%140.3%139.1%-175.0%
Skew 10d-62.6%-175.0%140.3%139.1%-175.0%
Call IV 25d120.0%50.4%185.7%50.4%185.7%
Put IV 25d57.5%7.8%191.3%189.5%10.8%
Bid-Ask Spread %178.31171.30184.16184.16171.30
Gamma HHI0.400.390.410.400.40
Net GEX-705-1.5K-508-509-700
Net DEX36.8K31.5K46.6K31.8K37.6K
Net VEX-146-165-130-141-143
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio19.9812.5029.0012.5029.00
Total Volume29.09527312730
Total OI37.1934403439

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$21.53$0.0034.4%9.9%9.5%17.0%34.4%139.1%136.4%-50931.8K-14112.50184.16N/AN/A225034
2018-11-02$21.52$0.0035.8%10.3%9.3%17.6%35.8%140.3%137.0%-50831.5K-14012.50179.85N/AN/A225034
2018-11-05$21.59$23.0039.3%49.5%9.4%19.4%122.1%-44.4%-69.1%-57532.6K-13812.50183.78N/AN/A225034
2018-11-06$21.63$23.0040.6%50.0%9.5%20.0%123.5%-44.5%-70.0%-57732.7K-13712.50178.10N/AN/A225034
2018-11-07$21.86$23.0038.6%50.2%9.2%19.1%125.6%-42.6%-68.0%-58833.0K-13712.50176.59N/AN/A225034
2018-11-08$21.87$23.0040.9%50.8%8.7%20.2%127.1%-43.0%-72.9%-65633.8K-13812.50179.03N/AN/A225034
2018-11-09$21.74$23.0046.4%51.6%8.8%22.9%143.3%-44.9%-75.4%-64934.0K-13612.50181.62N/AN/A225034
2018-11-12$21.60$23.0065.1%53.7%9.0%32.3%45.1%-48.3%-82.0%-76536.2K-13213.00173.76N/AN/A226034
2018-11-13$21.58$23.0075.6%54.5%8.1%37.6%45.5%-1.4%-82.8%-63635.5K-14614.50178.94N/AN/A229037
2018-11-14$21.55$23.00192.7%55.3%8.1%96.2%134.9%-0.9%-85.9%-70138.7K-16514.50181.78N/AN/A229040
2018-11-15$21.50$23.00102.6%29.4%7.9%51.1%135.9%-2.3%-85.0%-75239.4K-16214.50176.80N/AN/A229040
2018-11-16$21.43$23.008.5%2.4%7.9%4.0%137.3%-1.2%-82.7%-75339.3K-16114.50181.38N/AN/A229040
2018-11-19$21.14$23.004.6%1.3%8.8%2.0%61.9%-0.1%158.9%-72838.7K-15729.00172.88N/AN/A129040
2018-11-20$20.94$23.001.2%0.3%9.2%0.3%183.9%-125.8%159.6%-71238.3K-15329.00181.08N/AN/A129039
2018-11-21$20.94$23.00160.0%0.0%9.1%79.8%186.9%-163.4%93.2%-69338.1K-15129.00179.79N/AN/A129039
2018-11-23$20.97$23.00162.6%0.0%9.2%81.1%193.5%-165.7%93.5%-71838.9K-15029.00175.54N/AN/A129039
2018-11-26$21.06$23.00166.9%0.0%9.0%83.3%0.0%-170.5%155.0%-70438.1K-14729.00178.13N/AN/A129039
2018-11-27$21.03$23.00168.6%0.0%8.8%84.1%88.6%-172.8%158.0%-72439.0K-14729.00172.23N/AN/A129039
2018-11-28$21.19$23.00170.6%0.0%9.3%85.1%92.3%-172.4%158.3%-69638.0K-14529.00177.40N/AN/A129039
2018-11-29$21.25$23.00171.5%0.0%9.2%85.6%0.0%-174.2%159.6%-1.5K46.6K-13029.00180.45N/AN/A129039
2018-11-30$21.29$23.00172.5%0.0%8.8%86.1%53.5%-175.0%160.6%-70037.6K-14329.00171.30N/AN/A129039