PCEF Options History — July 2019

In July 2019, PCEF traded between $22.64 and $22.82. ATM implied volatility averaged 64.5%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 59.4% (HV 20d: 5.1%). Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 5 of 22 days.

Notable Days

  • 2019-07-10: Highest Volume — 1 contracts
  • 2019-07-10: Largest IV spike — 1980.7% change
  • 2019-07-17: Highest IV Rank — 99.5%
  • 2019-07-17: Largest Expected Move — 57.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.73$22.64$22.82$22.68$22.76
ATM IV64.5%4.2%198.8%163.5%155.1%
Expected Move14.4%1.2%57.0%1.4%2.3%
HV 20d5.1%4.1%5.9%5.9%4.1%
HV 60d6.5%6.5%6.7%6.5%6.5%
IV Rank31.9%1.5%99.5%81.7%77.5%
IV Percentile37.6%1.2%98.8%78.6%75.0%
Term Structure14.8%-58.4%152.9%152.9%143.3%
Skew 25d6.1%-5.4%38.7%11.3%4.7%
Skew 10d6.0%-6.2%38.7%11.2%4.7%
Call IV 25d31.1%4.8%176.3%176.3%101.3%
Put IV 25d37.2%4.0%187.6%187.6%106.0%
Bid-Ask Spread %140.6122.23200.00200.00200.00
Gamma HHI0.750.361.000.380.36
Net GEX-568-1.1K-167-188-179
Net DEX5.7K1.2K9.7K9.7K8.8K
Net VEX-31-58-7-58-45
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.1360100
Total OI11.31811121211

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$22.68$0.00163.5%0.0%5.9%81.7%0.0%11.3%152.9%-1889.7K-580.00200.00N/AN/A00012
2019-07-02$22.68$0.004.7%1.4%5.5%1.8%0.0%1.6%0.8%-1.0K4.4K-280.0022.23N/AN/A00012
2019-07-03$22.73$0.005.9%1.7%5.4%2.4%0.0%1.7%-0.7%-9994.2K-270.0055.58N/AN/A00012
2019-07-05$22.70$0.006.2%2.1%5.1%2.5%0.0%0.4%-0.3%-8496.3K-370.0051.08N/AN/A00012
2019-07-08$22.65$0.0011.8%1.6%5.1%5.3%0.0%-2.1%-1.1%-9724.8K-280.0030.16N/AN/A00012
2019-07-09$22.64$0.008.7%1.7%5.1%3.8%0.0%-1.1%-1.2%-1.1K4.6K-270.0023.36N/AN/A00012
2019-07-10$22.80$0.00181.8%52.1%5.5%91.0%0.0%38.7%-51.5%-1679.3K-550.00200.00N/AN/A01012
2019-07-11$22.73$0.00184.7%52.9%5.5%92.4%0.0%38.0%-53.4%-1868.9K-500.00200.00N/AN/A01011
2019-07-12$22.74$0.0094.4%27.1%5.5%46.9%0.0%-1.8%130.7%-3626.7K-330.00200.00N/AN/A01011
2019-07-15$22.77$0.0010.4%3.0%5.5%4.6%0.0%-4.6%-1.7%-5561.6K-90.00133.43N/AN/A00011
2019-07-16$22.80$0.00195.6%56.1%5.4%97.9%0.0%8.3%-56.2%-1988.5K-480.00200.00N/AN/A00011
2019-07-17$22.80$0.00198.8%57.0%5.4%99.5%0.0%8.3%-58.4%-2519.1K-490.00200.00N/AN/A00011
2019-07-18$22.82$0.0012.9%3.7%5.4%5.9%0.0%-5.4%-2.2%-4911.7K-90.00141.81N/AN/A00011
2019-07-19$22.80$0.00139.7%0.0%5.2%69.7%0.0%8.4%132.9%-3646.7K-320.00200.00N/AN/A00011
2019-07-22$22.69$0.005.6%1.6%5.5%2.2%0.0%8.4%-0.9%-5356.3K-310.00200.00N/AN/A00011
2019-07-23$22.66$0.005.9%1.7%5.0%2.4%0.0%3.0%-1.0%-6805.7K-290.00200.00N/AN/A00011
2019-07-24$22.75$0.004.2%1.2%4.6%1.5%0.0%9.3%-0.4%-5096.2K-300.00200.00N/AN/A00011
2019-07-25$22.70$0.004.6%1.3%4.6%1.7%0.0%8.1%-0.6%-5556.2K-300.00200.00N/AN/A00011
2019-07-26$22.71$0.005.1%1.5%4.6%2.0%0.0%1.2%-0.7%-7912.0K-140.0027.94N/AN/A00011
2019-07-29$22.72$0.0010.8%3.1%4.4%4.8%0.0%-3.0%-3.1%-7151.2K-70.0097.75N/AN/A00011
2019-07-30$22.76$0.007.9%2.3%4.1%3.4%0.0%1.2%-0.9%-8362.5K-160.00110.11N/AN/A00011
2019-07-31$22.76$0.00155.1%0.0%4.1%77.5%0.0%4.7%143.3%-1798.8K-450.00200.00N/AN/A00011