PCEF Options History — November 2019

In November 2019, PCEF traded between $22.66 and $22.88. ATM implied volatility averaged 17.8%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 14.1% (HV 20d: 3.7%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 18 of 20 days.

Notable Days

  • 2019-11-04: Highest Volume — 1 contracts
  • 2019-11-13: Largest IV spike — 474.2% change
  • 2019-11-14: Highest IV Rank — 46.1%
  • 2019-11-14: Largest Expected Move — 26.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.76$22.66$22.88$22.74$22.82
Max Pain$22.58$21.00$23.00$23.00$21.00
ATM IV17.8%4.1%92.7%13.6%5.4%
Expected Move6.7%1.2%26.6%3.9%1.5%
HV 20d3.7%3.1%4.2%3.5%4.2%
HV 60d4.3%4.0%5.0%5.0%4.0%
IV Rank8.2%0.8%46.1%6.3%1.4%
IV Percentile30.7%0.8%63.1%47.6%4.0%
Term Structure42.3%-5.1%147.4%-5.1%2.1%
VWIV20.0%20.0%20.0%20.0%20.0%
Skew 25d-22.4%-166.5%15.1%4.5%3.3%
Skew 10d-24.8%-166.5%10.5%1.2%0.3%
Call IV 25d51.5%3.2%182.4%13.1%5.3%
Put IV 25d29.2%4.8%170.4%17.6%8.7%
Bid-Ask Spread %141.1554.72200.00149.8780.34
Gamma HHI0.760.371.000.680.99
Net GEX1.1K-1352.6K9092.0K
Net DEX-2.0K-4.3K319-1.5K-4.3K
Net VEX-16-30-2-18-11
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.050100
Total OI8.85310108

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$22.74$0.0013.6%3.9%3.5%6.3%0.0%4.5%-5.1%909-1.5K-180.00149.87N/AN/A0055
2019-11-04$22.79$23.0013.1%2.0%3.4%6.0%20.0%11.2%2.8%1.0K-1.7K-170.00141.10N/AN/A0155
2019-11-05$22.77$23.008.6%1.5%3.3%3.7%0.0%5.4%1.7%1.9K-610-130.0054.72N/AN/A0055
2019-11-06$22.72$23.0011.1%24.0%3.3%5.0%0.0%-164.6%97.1%14-1.9K-300.00200.00N/AN/A0055
2019-11-07$22.72$23.009.8%24.3%3.3%4.3%0.0%-166.5%97.5%14-1.9K-300.00200.00N/AN/A0055
2019-11-08$22.79$23.0017.4%2.2%3.3%8.1%0.0%11.9%2.2%991-1.7K-170.00141.92N/AN/A0055
2019-11-11$22.82$23.0013.8%1.6%3.3%6.3%0.0%5.7%1.7%2.2K-857-120.0058.29N/AN/A0054
2019-11-12$22.82$23.0015.9%1.6%3.3%7.4%0.0%5.7%1.7%2.2K-905-120.0057.88N/AN/A0054
2019-11-13$22.84$23.0091.4%26.2%3.2%45.4%0.0%-103.4%99.3%31-3.0K-250.00200.00N/AN/A0054
2019-11-14$22.84$23.0092.7%26.6%3.1%46.1%0.0%-103.8%99.6%31-3.0K-250.00200.00N/AN/A0054
2019-11-15$22.88$23.005.4%1.6%3.1%2.1%0.0%5.7%1.2%2.6K-1.3K-120.0062.54N/AN/A0054
2019-11-18$22.69$23.007.5%2.1%4.1%3.2%0.0%2.9%142.7%1.4K-1.5K-130.00134.97N/AN/A0054
2019-11-19$22.69$23.008.1%2.3%4.1%3.5%0.0%14.7%3.1%1.1K-1.9K-140.00200.00N/AN/A0054
2019-11-20$22.66$23.008.2%2.3%4.1%3.5%0.0%15.1%3.1%1.1K-1.7K-130.00143.79N/AN/A0054
2019-11-21$22.66$23.004.3%1.2%4.1%0.9%0.0%9.7%146.4%41-2.6K-220.00200.00N/AN/A0054
2019-11-22$22.71$23.004.1%1.2%4.2%0.8%0.0%10.5%147.4%432-2.1K-190.00200.00N/AN/A0054
2019-11-25$22.74$21.005.3%1.5%4.2%1.4%0.0%4.5%2.1%2.3K-3.0K-90.0063.23N/AN/A0053
2019-11-26$22.76$21.008.3%2.4%4.2%2.9%0.0%2.5%3.2%1.7K-4.1K-110.00134.31N/AN/A0053
2019-11-27$22.76$21.0012.7%3.7%4.2%5.2%0.0%0.0%-4.8%-135319-20.00200.00N/AN/A0003
2019-11-29$22.82$21.005.4%1.5%4.2%1.4%0.0%3.3%2.1%2.0K-4.3K-110.0080.34N/AN/A0053