PCEF Options History — June 2020

In June 2020, PCEF traded between $19.56 and $20.63. ATM implied volatility averaged 109.3%, placing in the 54.1% IV rank vs the trailing year. The 30-day expected move averaged 30.1%. IV traded above realized volatility by 91.0% (HV 20d: 18.3%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 12.27.

Notable Days

  • 2020-06-04: Highest Volume — 135 contracts
  • 2020-06-05: Largest IV spike — 166.5% change
  • 2020-06-25: Highest IV Rank — 86.0%
  • 2020-06-05: Largest Expected Move — 55.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.05$19.56$20.63$19.91$19.85
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV109.3%49.5%172.3%49.5%148.1%
Expected Move30.1%14.2%55.4%14.2%42.5%
HV 20d18.3%14.5%20.5%15.2%20.1%
HV 60d44.6%23.7%64.8%64.8%23.7%
IV Rank54.1%23.8%86.0%23.8%73.8%
IV Percentile76.5%59.9%90.9%63.1%79.4%
Term Structure7.5%-179.5%151.7%-6.3%-26.8%
Skew 25d-17.8%-157.4%29.8%11.2%15.6%
Skew 10d-16.8%-146.0%53.6%-57.1%-146.0%
Call IV 25d130.7%40.9%185.6%40.9%181.5%
Put IV 25d112.9%26.2%198.6%52.1%197.2%
Bid-Ask Spread %189.38147.83200.00151.32199.90
Gamma HHI0.230.170.360.220.26
Net GEX-3.0K-4.3K-1.3K-3.3K-2.8K
Net DEX71.4K40.6K92.5K77.1K59.6K
Net VEX-283-550-131-187-360
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.270.3332.7532.757.00
Total Volume19.6360135880
Total OI188.182111212111178

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$19.91$22.0049.5%14.2%15.2%23.8%0.0%11.2%-6.3%-3.3K77.1K-1870.00151.32N/AN/A0888103
2020-06-02$20.07$22.0058.1%16.7%14.5%28.1%0.0%11.0%24.7%-2.9K76.6K-1940.00147.83N/AN/A008191
2020-06-03$20.33$22.0057.9%16.6%14.8%28.0%0.0%-14.3%27.4%-2.5K73.2K-1410.00149.60N/AN/A038191
2020-06-04$20.21$0.0059.6%15.0%15.2%28.9%0.0%4.3%-46.8%-2.5K78.4K-24532.75178.97N/AN/A41318188
2020-06-05$20.45$0.00158.8%55.4%15.4%79.2%0.0%-157.4%-179.5%-2.3K61.2K-1310.00198.99N/AN/A0888179
2020-06-08$20.63$0.0088.5%27.4%15.4%43.5%0.0%20.7%-32.7%-2.9K65.1K-2180.00198.31N/AN/A008179
2020-06-09$20.57$0.0092.9%27.2%15.3%45.8%0.0%20.4%-31.3%-3.0K64.5K-1900.00198.30N/AN/A008179
2020-06-10$20.53$0.0096.3%27.6%15.3%47.5%0.0%19.6%-33.5%-3.1K64.0K-1890.00198.17N/AN/A0308179
2020-06-11$19.65$0.00101.4%29.1%20.4%50.1%0.0%16.1%-25.6%-4.1K89.2K-3720.00199.56N/AN/A038191
2020-06-12$19.85$0.00128.5%36.8%20.4%63.8%0.0%29.8%-23.7%-4.1K86.9K-3720.00200.00N/AN/A038194
2020-06-15$19.88$0.00127.4%36.5%20.4%63.3%0.0%27.9%-42.6%-3.5K71.0K-2719.00200.00N/AN/A198197
2020-06-16$20.12$0.0073.3%21.0%20.1%35.8%0.0%23.4%81.5%-4.2K83.6K-3350.00200.00N/AN/A009197
2020-06-17$20.06$0.0051.3%14.7%20.2%24.6%0.0%5.3%59.0%-4.3K83.0K-2990.00192.51N/AN/A029197
2020-06-18$20.11$0.0069.0%19.8%19.9%33.6%0.0%20.8%151.7%-3.4K92.5K-3070.33200.00N/AN/A319199
2020-06-19$20.09$0.0084.9%24.4%19.9%41.7%0.0%9.7%39.4%-2.5K79.7K-2080.00172.99N/AN/A0112200
2020-06-22$19.98$0.00167.1%0.0%20.1%83.4%0.0%-58.0%139.7%-1.7K40.6K-1450.00200.00N/AN/A01712169
2020-06-23$20.05$0.00158.9%45.5%19.8%79.2%0.0%-147.9%-11.8%-1.3K73.5K-5507.00179.81N/AN/A64212166
2020-06-24$19.84$0.00154.1%44.2%20.1%76.8%0.0%19.2%-13.7%-2.9K57.2K-3410.00200.00N/AN/A0012166
2020-06-25$19.80$0.00172.3%0.0%20.0%86.0%0.0%-127.0%143.3%-2.8K58.2K-3440.00200.00N/AN/A0012166
2020-06-26$19.56$0.00153.8%44.1%20.5%76.6%0.0%-155.4%-13.2%-2.8K69.1K-4190.00200.00N/AN/A0012166
2020-06-29$19.64$0.00152.1%43.6%19.9%75.8%0.0%12.7%-14.8%-2.7K66.9K-4100.00200.00N/AN/A0012166
2020-06-30$19.85$0.00148.1%42.5%20.1%73.8%0.0%15.6%-26.8%-2.8K59.6K-3600.00199.90N/AN/A0012166