PCEF Options History — June 2019

In June 2019, PCEF traded between $21.72 and $22.64. ATM implied volatility averaged 36.1%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 28.3% (HV 20d: 7.7%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days.

Notable Days

  • 2019-06-06: Highest Volume — 2,177 contracts
  • 2019-06-04: Largest IV spike — 2312.0% change
  • 2019-06-19: Highest IV Rank — 98.6%
  • 2019-06-19: Largest Expected Move — 56.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.34$21.72$22.64$21.72$22.57
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV36.1%5.9%197.1%7.2%12.6%
Expected Move8.3%1.7%56.5%2.1%3.6%
HV 20d7.7%6.4%8.7%7.5%6.4%
HV 60d6.3%5.9%6.5%5.9%6.5%
IV Rank17.5%2.4%98.6%3.0%5.7%
IV Percentile29.1%4.0%98.0%7.9%33.3%
Term Structure-5.5%-77.5%143.6%-2.1%-2.4%
VWIV2.8%2.8%2.8%2.8%2.8%
Skew 25d-25.2%-170.6%9.9%-0.3%-4.4%
Skew 10d-24.7%-170.6%7.0%-0.8%-3.5%
Call IV 25d34.2%5.7%184.3%9.5%11.2%
Put IV 25d8.9%6.0%19.2%9.2%6.8%
Bid-Ask Spread %113.9422.84200.00112.14113.77
Gamma HHI0.980.961.001.001.00
Net GEX-156.5K-1.1M0-872.1K-648
Net DEX525.3K03.6M3.6M513
Net VEX-821-4.3K0-3.5K-2
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume221.6502,17707
Total OI466.2552,2222,2229

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$21.72$22.007.2%2.1%7.5%3.0%0.0%-0.3%-2.1%-872.1K3.6M-3.5K0.00112.14N/AN/A0002,222
2019-06-04$21.90$22.00172.9%0.0%8.3%86.5%0.0%-170.6%0.0%-356.2K2.5M-4.3K0.00200.00N/AN/A0002,222
2019-06-05$21.99$22.007.5%2.1%8.3%3.2%2.8%-7.0%-4.1%-1.1M2.4M-4.1K0.00101.07N/AN/A02302,222
2019-06-06$22.15$0.0012.4%2.5%8.7%5.7%0.0%0.6%-2.1%-682.5K1.9M-3.9K0.00136.21N/AN/A02,17702,222
2019-06-07$22.24$0.007.3%2.1%8.7%3.1%0.0%1.2%-1.7%-19.6K24.5K-570.0056.98N/AN/A02,177045
2019-06-10$22.32$0.009.6%1.8%8.7%4.2%0.0%0.6%-1.1%-11.4K28.8K-1210.0057.94N/AN/A06045
2019-06-11$22.37$0.0010.7%2.0%8.2%4.8%0.0%0.8%-0.3%-9.7K19.6K-800.0053.42N/AN/A06039
2019-06-12$22.31$0.00188.8%54.1%7.9%94.5%0.0%-112.4%-71.4%-5.3K31.2K-1010.00200.00N/AN/A06039
2019-06-13$22.39$0.005.9%1.7%8.0%2.4%0.0%0.1%-0.3%-9.1K18.8K-780.0055.25N/AN/A07039
2019-06-14$22.39$0.006.0%1.7%7.9%2.4%0.0%0.0%1.8%-8.7K16.5K-700.0051.01N/AN/A07039
2019-06-17$22.44$0.0010.1%2.9%7.9%4.5%0.0%-0.1%-3.3%-7.4K11.4K-280.00121.97N/AN/A01032
2019-06-18$22.51$0.009.2%2.6%7.2%4.0%0.0%0.8%-1.2%-6.4K10.7K-240.0081.32N/AN/A01032
2019-06-19$22.55$0.00197.1%56.5%7.2%98.6%0.0%-113.9%-75.5%-5.9K13.5K-350.00200.00N/AN/A01032
2019-06-20$22.64$0.0018.1%0.0%7.3%8.5%0.0%-113.5%-77.5%-3.9K7.2K-280.00200.00N/AN/A03032
2019-06-21$22.64$0.006.4%1.8%6.9%2.6%0.0%1.6%-1.3%0000.0022.84N/AN/A05032
2019-06-24$22.49$0.008.5%2.4%7.4%3.7%0.0%1.7%143.6%-3561.8K-120.0058.20N/AN/A0005
2019-06-25$22.36$0.009.2%2.6%7.7%4.0%0.0%-1.0%-2.9%-908737-30.00120.64N/AN/A0105
2019-06-26$22.43$0.0014.5%4.2%7.3%6.7%0.0%9.9%-3.9%-6113.2K-190.00135.95N/AN/A0106
2019-06-27$22.48$0.007.0%2.0%7.3%2.9%0.0%0.9%1.1%-4873.1K-180.00200.00N/AN/A0406
2019-06-28$22.57$0.0012.6%3.6%6.4%5.7%0.0%-4.4%-2.4%-648513-20.00113.77N/AN/A0709