PCEF Options History — May 2019

In May 2019, PCEF traded between $21.84 and $22.56. ATM implied volatility averaged 22.4%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 16.3% (HV 20d: 6.1%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days.

Notable Days

  • 2019-05-23: Highest Volume — 2,203 contracts
  • 2019-05-10: Largest IV spike — 919.4% change
  • 2019-05-10: Highest IV Rank — 88.7%
  • 2019-05-10: Largest Expected Move — 50.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.26$21.84$22.56$22.54$21.84
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV22.4%3.5%177.3%11.5%10.0%
Expected Move6.9%1.0%50.8%3.3%2.9%
HV 20d6.1%3.9%7.7%3.9%7.7%
HV 60d5.1%4.3%5.8%4.3%5.8%
IV Rank10.8%1.1%88.7%5.4%4.4%
IV Percentile22.1%0.8%83.3%21.0%20.2%
Term Structure2.9%-161.0%144.1%-2.2%-2.4%
VWIV7.3%2.2%9.9%8.9%9.0%
Skew 25d-14.7%-170.2%5.6%-1.3%-3.2%
Skew 10d-14.5%-170.2%6.1%-2.6%-4.9%
Call IV 25d25.7%7.9%185.0%10.2%13.6%
Put IV 25d11.0%7.9%16.1%8.9%10.4%
Bid-Ask Spread %138.6262.60200.0089.21110.28
Gamma HHI0.930.521.001.001.00
Net GEX-183.0K-1.2M00-707.6K
Net DEX616.6K02.8M02.8M
Net VEX-1.4K-5.4K00-4.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume201.502,20309
Total OI607.59132,21732,217

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$22.54$0.0011.5%3.3%3.9%5.4%0.0%-1.3%-2.2%0000.0089.21N/AN/A0003
2019-05-02$22.46$0.0014.0%4.0%4.1%6.7%0.0%-1.9%-8.3%0000.0099.07N/AN/A0103
2019-05-03$22.56$0.007.2%2.1%4.4%3.2%0.0%5.3%-2.9%-762500.00200.00N/AN/A0104
2019-05-06$22.54$0.0015.5%2.4%4.4%7.4%0.0%0.3%-1.6%-2201.3K-100.00114.47N/AN/A0004
2019-05-07$22.38$0.0016.9%24.9%5.1%8.1%0.0%3.5%-161.0%-711.4K-60.00167.23N/AN/A0004
2019-05-08$22.43$0.0016.6%2.8%5.1%8.0%0.0%1.1%-3.4%-1761.2K-70.00122.69N/AN/A0004
2019-05-09$22.31$0.0017.4%1.8%5.1%8.3%0.0%0.1%-0.0%-1651.2K-70.00176.47N/AN/A0004
2019-05-10$22.34$0.00177.3%50.8%5.2%88.7%0.0%-170.2%-74.3%-543.0K-210.00200.00N/AN/A0004
2019-05-13$22.15$0.0020.0%2.7%5.9%9.6%0.0%-2.5%-3.1%-8801.5K-30.00124.83N/AN/A0304
2019-05-14$22.30$0.008.9%2.5%6.5%4.1%0.0%-0.3%-3.4%-3.2K2.8K-150.00152.88N/AN/A0307
2019-05-15$22.31$0.0010.1%2.9%6.5%4.7%0.0%0.8%-3.3%-2.0K3.8K-110.00125.98N/AN/A0107
2019-05-16$22.39$0.0097.0%27.8%6.6%48.4%0.0%5.6%-84.5%-3815700.00200.00N/AN/A0108
2019-05-17$22.35$0.0010.3%3.0%6.6%4.8%0.0%0.4%-3.7%-8687.0K-310.00127.13N/AN/A0108
2019-05-20$22.16$0.009.4%2.7%6.9%4.3%0.0%-0.0%138.5%-9047.0K-320.00122.70N/AN/A0008
2019-05-21$22.20$0.009.5%2.7%6.8%4.4%0.0%-1.5%-2.1%-9406.9K-320.00115.21N/AN/A0008
2019-05-22$22.17$0.005.8%1.7%6.8%2.3%0.0%1.7%143.2%-1647.0K-470.00200.00N/AN/A0008
2019-05-23$22.05$22.009.0%2.6%7.0%3.9%8.9%-1.1%-1.9%-682.0K2.1M-5.4K0.00118.87N/AN/A02,20302,208
2019-05-24$22.14$22.009.6%2.8%7.2%4.2%9.9%-0.6%-2.0%-631.2K1.9M-5.2K0.00120.80N/AN/A02,20202,211
2019-05-28$22.10$22.003.5%1.0%7.2%1.1%0.0%-155.1%144.1%-276.1K2.2M-5.0K0.00200.00N/AN/A0002,213
2019-05-29$21.97$22.006.8%1.9%7.3%2.8%2.2%-6.0%-3.0%-540.3K2.4M-4.9K0.0099.31N/AN/A0402,213
2019-05-30$22.03$22.006.3%1.8%7.3%2.6%6.4%0.9%0.6%-1.2M2.1M-4.8K0.0062.60N/AN/A0402,217
2019-05-31$21.84$22.0010.0%2.9%7.7%4.4%9.0%-3.2%-2.4%-707.6K2.8M-4.6K0.00110.28N/AN/A0902,217