PCEF Options History — December 2018

In December 2018, PCEF traded between $19.45 and $21.47. ATM implied volatility averaged 119.1%, placing in the 59.4% IV rank vs the trailing year. The 30-day expected move averaged 29.1%. IV traded above realized volatility by 107.8% (HV 20d: 11.4%). Max pain ranged from $20.00 to $23.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days.

Notable Days

  • 2018-12-21: Highest Volume — 19 contracts
  • 2018-12-13: Largest IV spike — 1569.3% change
  • 2018-12-13: Highest IV Rank — 99.8%
  • 2018-12-13: Largest Expected Move — 57.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.53$19.45$21.47$21.47$20.23
Max Pain$20.75$20.00$23.00$23.00$20.00
ATM IV119.1%9.7%199.8%67.6%189.3%
Expected Move29.1%3.4%57.3%19.4%14.0%
HV 20d11.4%8.9%16.6%9.4%16.6%
HV 60d9.6%8.3%12.2%8.3%12.0%
IV Rank59.4%4.6%99.8%33.6%94.5%
IV Percentile59.3%19.0%99.6%31.0%90.1%
Term Structure84.8%-70.0%169.9%158.5%145.9%
VWIV51.5%48.7%54.1%54.1%48.7%
Skew 25d-28.6%-184.9%116.7%-178.4%-3.4%
Skew 10d-28.6%-184.9%116.7%-178.4%-3.4%
Call IV 25d146.4%12.9%195.4%189.2%166.8%
Put IV 25d117.8%10.3%163.4%10.8%163.4%
Bid-Ask Spread %190.89139.97200.00165.74200.00
Gamma HHI0.460.270.670.450.48
Net GEX-1.0K-1.8K-338-1.4K-657
Net DEX38.3K20.1K74.2K42.3K20.2K
Net VEX-98-138-29-138-73
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume3.8501900
Total OI32.0521393921

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$21.47$23.0067.6%19.4%9.4%33.6%0.0%-178.4%158.5%-1.4K42.3K-1380.00165.74N/AN/A00039
2018-12-04$21.33$23.0036.2%10.4%9.5%17.8%0.0%-182.9%168.2%-1.4K43.5K-1360.00200.00N/AN/A00039
2018-12-05$21.34$23.0037.4%10.7%9.5%18.5%0.0%-184.9%169.9%-1.2K41.0K-1330.00200.00N/AN/A00039
2018-12-06$21.15$0.00185.0%53.0%8.9%92.3%0.0%-1.6%-61.9%-1.3K47.2K-1200.00180.58N/AN/A00039
2018-12-07$21.12$0.00186.8%53.6%8.9%93.3%0.0%-4.1%-63.6%-1.4K48.2K-1200.00200.00N/AN/A00039
2018-12-10$20.96$0.00195.2%56.0%9.0%97.4%0.0%-6.4%-70.0%-1.2K43.7K-1270.00200.00N/AN/A00039
2018-12-11$20.88$0.00194.2%55.7%8.9%96.9%0.0%-7.6%-66.3%-1.4K49.8K-1140.00200.00N/AN/A00039
2018-12-12$20.95$0.0012.0%3.4%9.1%5.7%0.0%-1.9%-4.0%-1.8K74.2K-290.00139.97N/AN/A00039
2018-12-13$20.93$0.00199.8%57.3%9.1%99.8%0.0%-7.0%105.5%-1.4K47.4K-1100.00200.00N/AN/A00039
2018-12-14$20.73$0.00129.3%0.0%9.5%64.5%0.0%-10.0%106.6%-1.5K50.7K-1100.00200.00N/AN/A00039
2018-12-17$20.32$0.009.7%0.0%11.5%4.6%0.0%-16.3%105.4%-91932.9K-1020.00200.00N/AN/A010029
2018-12-18$20.29$20.0054.1%15.5%10.8%26.8%54.1%-16.9%105.8%-70632.1K-900.00200.00N/AN/A010028
2018-12-19$20.13$20.0053.4%15.3%10.6%26.5%53.4%116.7%106.8%-75738.2K-850.00158.18N/AN/A011028
2018-12-20$19.69$20.0049.7%14.3%12.8%24.6%49.7%-13.9%108.9%-34232.8K-900.00200.00N/AN/A014029
2018-12-21$19.53$20.0048.7%14.0%12.8%24.1%48.7%-16.6%109.8%-33838.6K-890.00200.00N/AN/A019032
2018-12-24$19.45$20.00186.7%0.0%12.4%93.2%0.0%-16.2%140.3%-53620.9K-730.00173.63N/AN/A013021
2018-12-26$19.93$20.00181.3%0.0%16.0%90.5%0.0%-8.3%143.2%-61820.7K-750.00199.82N/AN/A00021
2018-12-27$19.94$20.00183.0%0.0%15.6%91.4%0.0%-8.2%144.1%-62720.7K-750.00199.82N/AN/A00021
2018-12-28$20.22$20.00183.4%0.0%16.6%91.5%0.0%-3.5%143.2%-62420.1K-750.00200.00N/AN/A00021
2018-12-31$20.23$20.00189.3%0.0%16.6%94.5%0.0%-3.4%145.9%-65720.2K-730.00200.00N/AN/A00021