PCEF Options History — September 2020

In September 2020, PCEF traded between $20.04 and $21.12. ATM implied volatility averaged 60.8%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 50.4% (HV 20d: 10.4%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2020-09-11: Highest Volume — 5 contracts
  • 2020-09-09: Largest IV drop — 41.1% change
  • 2020-09-03: Highest IV Rank — 43.5%
  • 2020-09-03: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.61$20.04$21.12$21.02$20.28
Max Pain$20.67$20.00$21.00$21.00$20.00
ATM IV60.8%41.1%88.4%65.8%52.7%
Expected Move16.4%11.8%20.2%18.9%15.1%
HV 20d10.4%5.0%14.1%5.1%14.0%
HV 60d9.2%8.0%12.2%11.8%9.4%
IV Rank29.5%19.5%43.5%32.0%25.4%
IV Percentile61.8%42.9%75.4%66.7%54.8%
Term Structure-13.6%-24.5%11.4%-18.7%-24.5%
VWIV60.6%60.6%60.6%60.6%60.6%
Skew 25d18.9%-50.1%52.5%-49.5%-25.2%
Skew 10d-0.1%-63.7%16.0%-62.3%-16.3%
Call IV 25d49.3%22.7%87.5%85.7%74.5%
Put IV 25d68.2%34.8%91.5%36.2%49.3%
Bid-Ask Spread %184.46139.42193.84140.02165.81
Gamma HHI0.250.180.450.190.31
Net GEX-852-1.6K-193-1.3K-558
Net DEX9.2K3.8K17.4K10.8K8.4K
Net VEX-48-97-21-73-36
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.5240500
Total OI117.191118318116

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$21.02$21.0065.8%18.9%5.1%32.0%0.0%-49.5%-18.7%-1.3K10.8K-730.00140.02N/AN/A005176
2020-09-02$21.12$21.0066.9%19.2%5.0%32.6%0.0%-50.1%-16.9%-1.2K9.9K-700.00139.42N/AN/A005176
2020-09-03$20.81$0.0088.4%20.2%7.5%43.5%0.0%8.7%-13.4%-1.6K17.4K-970.00193.84N/AN/A015176
2020-09-04$20.77$0.0075.2%14.8%7.5%36.8%0.0%2.8%-9.3%-1.4K13.5K-740.00193.05N/AN/A005177
2020-09-08$20.52$0.0087.5%15.7%8.1%43.0%0.0%2.3%-11.6%-1.5K15.1K-580.00190.86N/AN/A005177
2020-09-09$20.80$0.0051.5%14.8%9.6%24.8%0.0%25.4%-9.8%-1.5K14.0K-600.00192.66N/AN/A005177
2020-09-10$20.74$0.0052.3%15.0%9.5%25.1%0.0%26.6%-9.6%-1.3K12.5K-590.00192.38N/AN/A005177
2020-09-11$20.70$0.0051.6%14.8%9.5%24.8%0.0%29.1%-10.5%-1.4K13.4K-590.00191.79N/AN/A055177
2020-09-14$20.84$0.0052.3%15.0%9.8%25.1%0.0%25.9%-11.8%-1.4K14.4K-570.00191.83N/AN/A005178
2020-09-15$20.93$0.0041.1%11.8%9.9%19.5%0.0%12.1%-17.0%-1.0K6.5K-320.00190.63N/AN/A005178
2020-09-16$20.97$0.0052.3%15.0%9.9%25.2%0.0%24.2%-12.5%-1.3K11.9K-460.00192.34N/AN/A005178
2020-09-17$20.87$0.0053.8%15.4%10.0%25.9%0.0%27.5%-11.6%-8107.1K-330.00191.66N/AN/A005178
2020-09-18$20.81$0.0054.3%15.6%10.0%26.2%0.0%30.4%-11.4%-2037.7K-330.00192.25N/AN/A005178
2020-09-21$20.42$0.0061.1%17.5%12.0%29.6%0.0%46.3%-14.5%-1954.1K-330.00191.03N/AN/A0029
2020-09-22$20.52$0.0059.5%17.0%12.0%28.8%0.0%28.3%-15.0%-1944.0K-330.00187.44N/AN/A0029
2020-09-23$20.15$0.0063.0%18.1%13.5%30.6%0.0%45.3%-17.2%-2004.5K-330.00187.94N/AN/A0029
2020-09-24$20.04$0.0063.3%18.2%13.6%30.8%0.0%46.0%-17.9%-1933.8K-210.00186.88N/AN/A0029
2020-09-25$20.07$0.0050.3%14.4%13.5%24.1%0.0%39.2%11.4%-2024.6K-330.00187.18N/AN/A0029
2020-09-28$20.25$0.0068.1%19.5%14.1%33.2%0.0%49.8%-19.9%-1994.4K-320.00187.44N/AN/A0029
2020-09-29$20.19$0.0065.8%18.9%14.0%32.0%60.6%52.5%-23.5%-2014.5K-320.00187.27N/AN/A0529
2020-09-30$20.28$20.0052.7%15.1%14.0%25.4%0.0%-25.2%-24.5%-5588.4K-360.00165.81N/AN/A00214