PCEF Options History — September 2019

In September 2019, PCEF traded between $22.32 and $22.78. ATM implied volatility averaged 87.3%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded above realized volatility by 82.2% (HV 20d: 5.1%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2019-09-05: Highest Volume — 10 contracts
  • 2019-09-30: Largest IV spike — 2589.3% change
  • 2019-09-18: Highest IV Rank — 99.3%
  • 2019-09-18: Largest Expected Move — 56.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.62$22.32$22.78$22.32$22.61
Max Pain$22.71$22.00$23.00$22.00$23.00
ATM IV87.3%5.3%198.5%12.6%164.1%
Expected Move21.3%1.5%56.9%3.6%1.7%
HV 20d5.1%4.1%7.0%6.7%4.4%
HV 60d6.4%6.2%6.6%6.4%6.2%
IV Rank43.4%2.1%99.3%5.7%82.0%
IV Percentile51.4%3.2%98.4%38.5%77.4%
Term Structure-57.7%-192.3%150.3%-4.4%-0.7%
VWIV6.0%6.0%6.0%6.0%6.0%
Skew 25d-5.1%-172.3%9.8%-2.7%9.8%
Skew 10d-5.1%-172.3%9.8%-6.4%9.8%
Call IV 25d67.9%6.2%191.2%14.4%177.6%
Put IV 25d62.8%7.0%187.5%11.7%187.5%
Bid-Ask Spread %143.0518.83200.00108.18200.00
Gamma HHI0.670.330.970.970.45
Net GEX-816-3.7K-239-3.7K-261
Net DEX6.8K2.3K16.6K16.6K5.8K
Net VEX-27-910-60-22
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.5501000
Total OI11.4521216

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$22.32$22.0012.6%3.6%6.7%5.7%0.0%-2.7%-4.4%-3.7K16.6K-600.00108.18N/AN/A00021
2019-09-04$22.48$22.00172.2%0.0%6.9%86.1%0.0%3.1%0.0%-78015.9K-910.00200.00N/AN/A00021
2019-09-05$22.56$0.0013.5%2.6%7.0%6.2%0.0%0.8%-4.8%-2.3K14.7K-730.00129.38N/AN/A010021
2019-09-06$22.60$0.00171.4%49.1%6.6%85.7%0.0%4.5%-172.6%-71114.5K-850.00200.00N/AN/A00020
2019-09-09$22.62$0.0015.1%2.6%6.6%7.0%0.0%0.9%-5.0%-8423.8K-80.00129.49N/AN/A00011
2019-09-10$22.63$0.00180.1%51.6%6.3%90.1%0.0%4.9%-181.3%-5966.4K-270.00200.00N/AN/A00011
2019-09-11$22.71$0.00182.2%52.2%6.4%91.1%0.0%-172.3%-182.9%-5645.0K-240.00200.00N/AN/A00011
2019-09-12$22.74$0.00184.6%52.9%4.7%92.3%0.0%6.3%-185.1%-5736.0K-260.00200.00N/AN/A00011
2019-09-13$22.69$0.006.9%2.0%4.7%2.9%0.0%0.6%-1.2%-4802.6K-20.0042.23N/AN/A00011
2019-09-16$22.70$0.0098.2%28.2%4.2%48.8%0.0%6.9%-1.4%-7864.0K-80.00200.00N/AN/A00011
2019-09-17$22.70$0.00100.3%28.8%4.1%49.9%0.0%0.0%-2.5%-9015.2K-200.00176.94N/AN/A00011
2019-09-18$22.71$0.00198.5%56.9%4.1%99.3%0.0%6.7%-190.0%-5995.3K-230.00200.00N/AN/A00011
2019-09-19$22.78$0.0058.1%0.0%4.1%28.6%0.0%7.6%-192.3%-4604.8K-220.00200.00N/AN/A00011
2019-09-20$22.75$0.005.3%1.5%4.1%2.1%0.0%7.1%-2.7%-6012.9K-100.0018.83N/AN/A00011
2019-09-23$22.62$0.006.1%1.7%4.4%2.5%6.0%1.4%150.3%-3162.3K00.0040.34N/AN/A0105
2019-09-24$22.57$23.00154.5%0.0%4.5%77.2%0.0%8.7%0.0%-2395.8K-230.00200.00N/AN/A0006
2019-09-25$22.55$23.0010.8%3.1%4.4%4.9%0.0%-1.2%-2.9%-6964.2K-40.00125.67N/AN/A0006
2019-09-26$22.55$23.006.1%1.7%4.3%2.5%0.0%1.7%-0.5%-3054.2K-10.0025.99N/AN/A0006
2019-09-27$22.53$23.006.1%1.7%4.2%2.5%0.0%2.4%-0.7%-6166.3K-200.0063.92N/AN/A0006
2019-09-30$22.61$23.00164.1%0.0%4.4%82.0%0.0%9.8%0.0%-2615.8K-220.00200.00N/AN/A0006