PCEF Options History — January 2020

In January 2020, PCEF traded between $23.31 and $23.62. ATM implied volatility averaged 54.8%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded above realized volatility by 50.6% (HV 20d: 4.2%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days.

Notable Days

  • 2020-01-30: Highest Volume — 2 contracts
  • 2020-01-14: Largest IV spike — 1550.0% change
  • 2020-01-17: Highest IV Rank — 89.6%
  • 2020-01-17: Largest Expected Move — 51.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.47$23.31$23.62$23.36$23.38
Max Pain$22.67$22.00$24.00$22.00$24.00
ATM IV54.8%6.2%179.2%10.6%10.7%
Expected Move19.5%1.8%51.4%3.0%3.1%
HV 20d4.2%3.7%5.4%3.8%5.4%
HV 60d3.9%3.6%4.4%3.7%4.4%
IV Rank26.5%1.9%89.6%4.1%4.1%
IV Percentile56.0%10.7%92.9%42.1%45.2%
Term Structure8.8%-84.0%144.5%-2.2%117.3%
Skew 25d-56.4%-151.3%22.6%5.9%-151.3%
Skew 10d-54.6%-151.3%22.6%6.4%-151.3%
Call IV 25d75.6%5.1%174.7%6.8%162.8%
Put IV 25d19.2%4.3%197.2%12.7%11.5%
Bid-Ask Spread %170.2977.80200.00105.20200.00
Gamma HHI0.870.531.000.940.86
Net GEX-197-688-21-688-331
Net DEX1.0K4654.1K5384.1K
Net VEX-4-7-2-2-7
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0950200
Total OI1.6671323

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$23.36$22.0010.6%3.0%3.8%4.1%0.0%5.9%-2.2%-688538-20.00105.20N/AN/A0002
2020-01-03$23.32$22.009.6%2.7%3.8%3.6%0.0%-7.4%-4.2%-374935-40.00121.26N/AN/A0002
2020-01-06$23.31$0.009.2%1.8%3.8%3.4%0.0%0.3%-1.1%-463831-30.0077.80N/AN/A0002
2020-01-07$23.36$0.0013.7%2.7%3.9%5.6%0.0%0.9%-1.8%-340941-40.00200.00N/AN/A0002
2020-01-08$23.43$0.0013.8%2.7%3.9%5.7%0.0%0.5%-1.9%-335830-30.00141.50N/AN/A0002
2020-01-09$23.43$0.007.1%35.3%3.8%2.3%0.0%22.6%-35.4%-1071.3K-50.00200.00N/AN/A0002
2020-01-10$23.43$0.0021.3%2.2%3.7%9.5%0.0%-5.5%-2.0%-336829-30.00113.05N/AN/A0002
2020-01-13$23.46$0.0010.4%50.2%3.7%4.0%0.0%-131.5%-39.7%-821.1K-40.00200.00N/AN/A0002
2020-01-14$23.51$0.00172.4%49.4%3.7%86.1%0.0%-130.2%-41.7%-611.0K-40.00200.00N/AN/A0002
2020-01-15$23.62$0.00174.3%50.0%3.9%87.1%0.0%-129.7%-42.7%-34962-40.00200.00N/AN/A0002
2020-01-16$23.62$0.0051.1%14.7%3.8%24.6%0.0%-28.9%-84.0%-260639-30.00200.00N/AN/A0002
2020-01-17$23.62$0.00179.2%51.4%3.8%89.6%0.0%-131.8%-45.6%-21951-40.00200.00N/AN/A0002
2020-01-21$23.49$0.00100.0%28.7%4.4%49.4%0.0%1.8%-50.7%-23956-40.00200.00N/AN/A0001
2020-01-22$23.59$0.006.2%1.8%4.5%1.9%0.0%4.9%-0.8%-274465-30.00105.73N/AN/A0001
2020-01-23$23.61$0.009.4%2.7%3.8%3.5%0.0%-0.0%0.8%-200657-30.00111.50N/AN/A0001
2020-01-24$23.53$0.00101.3%29.0%4.1%50.0%0.0%5.6%139.2%-49996-40.00200.00N/AN/A0001
2020-01-27$23.34$0.0010.9%0.0%5.2%4.2%0.0%-146.0%0.6%-581.0K-30.00200.00N/AN/A0001
2020-01-28$23.41$0.0010.5%0.0%5.3%4.1%0.0%-69.8%-5.7%-541.0K-30.00200.00N/AN/A0001
2020-01-29$23.51$0.00149.0%0.0%5.4%74.2%0.0%-146.3%144.5%-21943-30.00200.00N/AN/A0001
2020-01-30$23.47$0.0080.3%0.0%5.3%39.4%0.0%-148.4%141.3%-24961-30.00200.00N/AN/A0201
2020-01-31$23.38$24.0010.7%3.1%5.4%4.1%0.0%-151.3%117.3%-3314.1K-70.00200.00N/AN/A0003