PCEF Options History — May 2020

In May 2020, PCEF traded between $18.38 and $19.65. ATM implied volatility averaged 57.9%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 37.7% (HV 20d: 20.2%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-05-29: Highest Volume — 26 contracts
  • 2020-05-28: Largest IV spike — 177.8% change
  • 2020-05-12: Highest IV Rank — 89.4%
  • 2020-05-29: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.93$18.38$19.65$18.67$19.65
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV57.9%18.9%179.0%77.6%58.3%
Expected Move8.9%5.4%16.7%15.1%16.7%
HV 20d20.2%14.8%32.9%32.9%14.8%
HV 60d65.5%64.8%65.9%65.5%64.8%
IV Rank28.0%8.2%89.4%38.0%28.2%
IV Percentile65.6%52.0%92.5%74.2%67.9%
Term Structure85.4%-21.8%171.7%31.6%18.4%
VWIV42.9%25.7%60.0%25.7%60.0%
Skew 25d7.8%-15.8%31.5%31.5%-8.1%
Skew 10d8.2%-65.3%43.1%-32.4%-65.3%
Call IV 25d48.0%28.4%68.1%37.0%59.6%
Put IV 25d55.8%33.4%68.5%68.5%51.5%
Bid-Ask Spread %149.01131.14156.98156.98150.15
Gamma HHI0.260.210.380.220.22
Net GEX-3.0K-3.7K-1.8K-2.8K-3.7K
Net DEX93.8K83.3K105.5K89.6K83.3K
Net VEX-288-337-201-325-267
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.947026226
Total OI109.789103113103113

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-04$18.67$22.0077.6%15.1%32.9%38.0%0.0%31.5%31.6%-2.8K89.6K-3250.00156.98N/AN/A02697
2020-05-05$18.79$22.0078.2%6.3%30.8%38.3%25.7%5.7%64.8%-2.7K94.6K-2940.00154.06N/AN/A01699
2020-05-06$18.79$22.0068.7%6.5%27.0%33.5%0.0%5.2%63.7%-3.4K92.6K-2750.00153.49N/AN/A006100
2020-05-07$18.85$22.00102.0%6.4%25.4%50.4%0.0%4.5%63.6%-3.4K91.9K-2690.00153.80N/AN/A006100
2020-05-08$19.05$22.00122.3%6.3%23.3%60.7%60.0%2.5%62.0%-2.5K84.3K-3300.00153.54N/AN/A056100
2020-05-11$18.98$22.0067.7%6.5%20.3%33.0%0.0%2.4%62.5%-3.0K85.9K-3350.00131.14N/AN/A006105
2020-05-12$18.93$22.00179.0%6.5%18.6%89.4%0.0%22.5%62.7%-2.7K87.1K-3370.00153.22N/AN/A006105
2020-05-13$18.45$22.0043.8%12.6%19.3%20.9%0.0%3.3%-21.8%-3.1K102.0K-3010.00142.13N/AN/A006105
2020-05-14$18.38$22.0053.4%15.3%19.0%25.7%0.0%7.3%120.0%-2.8K105.5K-2900.00151.21N/AN/A006105
2020-05-15$18.38$22.0044.6%12.8%18.9%21.3%0.0%-11.8%139.8%-2.1K104.3K-3240.00153.72N/AN/A006105
2020-05-18$18.68$22.0018.9%5.4%19.0%8.2%0.0%30.4%171.7%-3.6K99.4K-2010.00152.90N/AN/A016105
2020-05-19$18.73$22.0021.9%6.3%17.1%9.7%0.0%29.0%162.7%-1.8K103.5K-3180.00147.47N/AN/A006105
2020-05-20$18.97$22.0021.7%6.2%16.4%9.6%0.0%21.2%164.7%-3.5K95.0K-2580.00147.29N/AN/A006105
2020-05-21$18.96$22.0022.0%6.3%15.8%9.8%0.0%20.1%166.0%-3.7K95.0K-2410.00134.41N/AN/A006105
2020-05-22$19.05$22.0021.1%6.0%15.8%9.3%0.0%16.7%166.9%-3.6K95.3K-2450.00149.82N/AN/A006105
2020-05-26$19.30$22.0022.8%6.5%16.3%10.2%0.0%-12.2%50.4%-2.1K102.2K-2970.00147.50N/AN/A206105
2020-05-27$19.46$22.0020.2%5.8%16.4%8.9%0.0%-15.8%50.0%-3.7K86.0K-2670.00149.57N/AN/A008105
2020-05-28$19.59$22.0056.1%16.1%16.5%27.1%0.0%-5.6%23.0%-3.5K84.6K-2910.00148.83N/AN/A008105
2020-05-29$19.65$22.0058.3%16.7%14.8%28.2%0.0%-8.1%18.4%-3.7K83.3K-2670.00150.15N/AN/A0268105