PCEF Options History — February 2020

In February 2020, PCEF traded between $21.40 and $23.89. ATM implied volatility averaged 72.8%, placing in the 35.6% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 64.9% (HV 20d: 7.9%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days.

Notable Days

  • 2020-02-28: Highest Volume — 13 contracts
  • 2020-02-18: Largest IV spike — 3104.9% change
  • 2020-02-20: Highest IV Rank — 98.0%
  • 2020-02-20: Largest Expected Move — 56.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.39$21.40$23.89$23.41$21.40
Max Pain$23.16$23.00$24.00$24.00$23.00
ATM IV72.8%5.9%195.9%7.8%33.7%
Expected Move23.3%1.7%56.2%2.2%9.7%
HV 20d7.9%4.9%19.5%5.3%19.5%
HV 60d5.7%4.1%12.3%4.4%12.3%
IV Rank35.6%1.6%98.0%2.6%15.7%
IV Percentile58.3%7.1%98.0%21.8%68.7%
Term Structure-6.8%-98.3%155.5%149.4%-10.7%
VWIV25.3%17.1%33.5%17.1%33.5%
Skew 25d-49.1%-182.1%7.2%-74.3%7.2%
Skew 10d-49.9%-182.1%2.7%-74.3%-5.1%
Call IV 25d86.1%5.5%198.3%86.3%26.0%
Put IV 25d37.1%6.3%164.3%12.0%33.3%
Bid-Ask Spread %159.6251.47200.00200.00159.84
Gamma HHI0.700.410.950.880.48
Net GEX-1.0K-3.8K-325-370-1.7K
Net DEX9.2K3.3K33.1K4.2K33.1K
Net VEX-28-90-2-7-76
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.737013013
Total OI8.526321321

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$23.41$24.007.8%2.2%5.3%2.6%0.0%-74.3%149.4%-3704.2K-70.00200.00N/AN/A0003
2020-02-04$23.52$24.0011.9%3.4%5.6%4.7%0.0%6.1%155.5%-6314.3K-60.00112.30N/AN/A0003
2020-02-05$23.62$24.0010.0%2.9%5.7%3.8%0.0%1.5%-2.4%-9283.9K-50.0056.16N/AN/A0003
2020-02-06$23.65$23.0011.1%2.7%5.6%4.3%0.0%0.1%-2.7%-8153.8K-60.00136.57N/AN/A0003
2020-02-07$23.69$23.007.3%46.9%5.6%2.4%0.0%-158.4%-70.8%-4363.8K-70.00200.00N/AN/A0003
2020-02-10$23.73$23.007.8%48.6%5.6%2.7%0.0%-163.7%-75.8%-4863.8K-60.00200.00N/AN/A0003
2020-02-11$23.79$23.009.1%1.8%5.7%3.3%0.0%1.5%-0.2%-1.1K3.3K-40.0051.47N/AN/A0003
2020-02-12$23.81$23.00173.7%49.8%5.7%86.8%0.0%-166.8%-79.2%-5333.7K-60.00200.00N/AN/A0003
2020-02-13$23.80$23.00176.1%50.5%5.5%88.0%0.0%2.1%-81.3%-5813.7K-60.00200.00N/AN/A0003
2020-02-14$23.79$23.005.9%1.7%5.5%1.6%0.0%0.7%-0.3%-1.2K3.7K-40.0075.84N/AN/A0003
2020-02-18$23.82$23.00189.7%54.4%5.5%94.9%0.0%-182.1%-93.1%-8914.0K-40.00200.00N/AN/A01003
2020-02-19$23.89$23.00192.6%55.2%5.1%96.3%0.0%-89.3%-95.4%-1.2K12.4K-540.00200.00N/AN/A00013
2020-02-20$23.89$23.00195.9%56.2%4.9%98.0%0.0%-89.7%-98.3%-1.4K12.5K-530.00200.00N/AN/A00013
2020-02-21$23.82$23.0010.1%2.9%5.1%3.8%0.0%-5.1%-3.6%-9205.3K-20.00131.38N/AN/A02013
2020-02-24$23.24$23.00150.7%0.0%10.2%75.1%0.0%2.0%0.0%-32511.7K-640.00200.00N/AN/A04013
2020-02-25$22.65$23.0012.5%3.6%13.4%5.0%0.0%-7.7%148.5%-1.3K18.2K-760.00188.89N/AN/A02017
2020-02-26$22.76$23.0013.5%3.9%13.4%5.5%17.1%1.8%-0.3%-3.8K18.3K-650.00135.09N/AN/A01019
2020-02-27$22.05$23.00163.9%0.0%17.0%81.8%0.0%-18.1%38.7%-57021.6K-900.00185.31N/AN/A01020
2020-02-28$21.40$23.0033.7%9.7%19.5%15.7%33.5%7.2%-10.7%-1.7K33.1K-760.00159.84N/AN/A013021