PCEF Options History — December 2019

In December 2019, PCEF traded between $22.76 and $23.29. ATM implied volatility averaged 60.4%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 56.7% (HV 20d: 3.7%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2019-12-18: Highest Volume — 5 contracts
  • 2019-12-06: Largest IV spike — 6194.5% change
  • 2019-12-18: Highest IV Rank — 100.0%
  • 2019-12-18: Largest Expected Move — 57.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.05$22.76$23.29$22.78$23.27
Max Pain$21.79$21.00$22.00$21.00$22.00
ATM IV60.4%2.7%199.8%5.9%10.2%
Expected Move17.0%1.7%57.3%1.7%2.9%
HV 20d3.7%2.6%4.2%3.9%3.8%
HV 60d4.0%3.7%4.1%4.0%3.7%
IV Rank29.3%0.1%100.0%1.7%3.9%
IV Percentile48.4%0.4%100.0%6.3%38.9%
Term Structure27.8%-83.3%160.4%160.4%-4.2%
VWIV9.6%9.6%9.6%9.6%9.6%
Skew 25d-24.6%-176.3%17.1%12.7%0.4%
Skew 10d-25.3%-176.3%16.5%12.7%1.2%
Call IV 25d84.6%5.9%188.9%175.6%7.9%
Put IV 25d60.0%6.2%197.6%188.3%8.4%
Bid-Ask Spread %172.5189.79200.00200.00112.58
Gamma HHI0.820.521.000.710.73
Net GEX936-3532.3K688-333
Net DEX-3.5K-9.8K1.8K-4.2K1.1K
Net VEX-8-13-4-13-4
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.3330500
Total OI6.76221082

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$22.78$21.005.9%1.7%3.9%1.7%0.0%12.7%160.4%688-4.2K-130.00200.00N/AN/A0053
2019-12-03$22.76$21.0010.5%3.0%3.8%4.0%0.0%0.9%1.5%1.4K-4.3K-100.00124.22N/AN/A0053
2019-12-04$22.85$21.009.7%2.8%4.1%3.6%0.0%17.1%2.6%1.3K-4.9K-100.00200.00N/AN/A0053
2019-12-05$22.86$0.002.7%48.4%4.0%0.1%0.0%14.5%-59.1%838-4.6K-120.00200.00N/AN/A0053
2019-12-06$22.90$0.00170.6%48.9%4.0%85.2%0.0%15.4%-60.4%758-4.8K-110.00200.00N/AN/A0053
2019-12-09$22.91$0.00177.0%50.7%3.9%88.4%0.0%-176.3%-65.3%910-5.0K-90.00200.00N/AN/A0053
2019-12-10$22.87$0.0010.5%2.7%3.9%4.1%0.0%-0.0%-2.4%1.9K-4.8K-70.00144.81N/AN/A0053
2019-12-11$22.95$0.009.8%2.8%4.1%3.7%0.0%0.0%-2.2%2.2K-5.4K-70.00144.85N/AN/A0053
2019-12-12$22.99$0.00183.8%52.7%4.1%91.9%0.0%-114.6%-70.4%1.1K-5.5K-80.00200.00N/AN/A0053
2019-12-13$23.01$0.009.2%2.6%4.1%3.4%9.6%-1.3%-1.6%2.3K-6.0K-60.00145.51N/AN/A0253
2019-12-16$23.09$22.006.8%1.9%4.2%2.2%0.0%4.5%-0.5%1.6K-5.4K-90.0089.79N/AN/A0055
2019-12-17$23.15$22.0010.2%2.9%2.7%3.9%0.0%4.2%-3.7%1.8K-6.2K-80.00137.37N/AN/A0055
2019-12-18$23.16$22.00199.8%57.3%2.7%100.0%0.0%-116.3%-83.3%1.9K-5.4K-100.00200.00N/AN/A5055
2019-12-19$23.22$22.0013.6%0.0%2.6%5.6%0.0%-116.2%110.7%2.3K-6.6K-90.00200.00N/AN/A0055
2019-12-20$23.29$22.00115.8%0.0%2.7%57.4%0.0%-116.0%111.0%-41-9.8K-70.00200.00N/AN/A0055
2019-12-23$23.15$22.0010.3%2.9%3.7%3.9%0.0%2.2%131.1%-3531.3K-50.00200.00N/AN/A0002
2019-12-24$23.18$22.00143.2%0.0%3.7%71.3%0.0%15.7%137.4%-541.8K-70.00200.00N/AN/A0002
2019-12-26$23.20$22.0011.4%3.3%3.7%4.5%0.0%2.9%-3.3%-3341.2K-50.00123.59N/AN/A0002
2019-12-27$23.21$22.006.8%1.9%3.7%2.2%0.0%16.5%140.7%-1091.5K-60.00200.00N/AN/A0002
2019-12-30$23.18$22.00151.2%0.0%3.7%75.4%0.0%16.4%144.5%-1121.4K-60.00200.00N/AN/A0002
2019-12-31$23.27$22.0010.2%2.9%3.8%3.9%0.0%0.4%-4.2%-3331.1K-40.00112.58N/AN/A0002