PCEF Options History — October 2020

In October 2020, PCEF traded between $19.73 and $20.78. ATM implied volatility averaged 62.7%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 51.7% (HV 20d: 11.0%). 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 3 of 21 days.

Notable Days

  • 2020-10-14: Highest Volume — 7 contracts
  • 2020-10-09: Largest IV spike — 177.1% change
  • 2020-10-13: Highest IV Rank — 72.5%
  • 2020-10-02: Largest Expected Move — 31.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.41$19.73$20.78$20.34$19.73
Max Pain$20.80$20.00$21.00$20.00$21.00
ATM IV62.7%21.3%145.7%75.2%66.5%
Expected Move13.7%3.6%31.6%21.5%19.1%
HV 20d11.0%7.8%13.9%13.9%10.7%
HV 60d9.7%9.4%10.5%9.4%10.5%
IV Rank30.4%9.4%72.5%36.8%32.4%
IV Percentile57.5%26.2%88.1%74.2%67.9%
Term Structure-7.2%-41.2%21.4%-27.3%-17.5%
VWIV52.4%52.4%52.4%52.4%52.4%
Skew 25d-2.4%-27.9%34.7%34.7%4.4%
Skew 10d3.3%-38.5%22.1%17.2%4.3%
Call IV 25d59.4%14.7%141.2%61.9%85.7%
Put IV 25d57.0%15.9%147.2%96.6%90.1%
Bid-Ask Spread %176.68143.76197.80186.62186.29
Gamma HHI0.350.260.500.290.32
Net GEX-480-833-164-429-449
Net DEX9.6K4.8K17.7K9.2K12.0K
Net VEX-31-42-11-42-37
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.5710700
Total OI16.85712231617

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$20.34$20.0075.2%21.5%13.9%36.8%0.0%34.7%-27.3%-4299.2K-420.00186.62N/AN/A00214
2020-10-02$20.32$20.00110.1%31.6%13.0%54.5%0.0%6.1%-41.2%-3358.9K-420.00197.80N/AN/A00214
2020-10-05$20.48$0.0054.8%5.7%13.4%26.4%0.0%4.0%-0.2%-3685.9K-160.00148.12N/AN/A00214
2020-10-06$20.47$0.0092.8%14.3%12.7%45.7%0.0%2.1%-5.6%-4698.4K-370.00188.71N/AN/A00214
2020-10-07$20.57$0.0057.1%9.1%11.8%27.6%0.0%0.1%-0.8%-5676.7K-270.00184.98N/AN/A00214
2020-10-08$20.65$0.0034.9%3.8%11.9%16.3%0.0%1.2%-0.7%-6704.8K-170.00162.20N/AN/A00214
2020-10-09$20.68$0.0096.8%19.7%11.9%47.7%0.0%3.4%-8.8%-4068.1K-370.00155.03N/AN/A00214
2020-10-12$20.78$0.0074.2%3.6%11.8%36.2%0.0%-27.9%-0.7%-1645.2K-110.00156.76N/AN/A00214
2020-10-13$20.70$0.00145.7%14.2%11.7%72.5%0.0%0.7%-6.6%-4577.6K-310.00188.07N/AN/A00214
2020-10-14$20.70$0.0028.1%8.1%11.7%12.9%0.0%-25.1%9.7%-5416.7K-240.00175.71N/AN/A07214
2020-10-15$20.68$0.0050.8%14.6%11.6%24.4%0.0%1.7%-8.0%-83317.7K-320.00187.71N/AN/A00221
2020-10-16$20.60$0.0050.8%14.6%11.6%24.4%0.0%1.1%-7.6%-23817.1K-310.00187.37N/AN/A00221
2020-10-19$20.33$0.0054.1%15.5%10.5%26.1%52.4%0.8%-9.7%-2315.1K-300.00188.48N/AN/A05210
2020-10-20$20.42$21.0055.4%15.9%10.5%26.7%0.0%0.9%-11.0%-45510.3K-420.00188.40N/AN/A00215
2020-10-21$20.41$21.0043.2%12.4%8.1%20.5%0.0%-26.7%-9.8%-57510.2K-350.00167.05N/AN/A00215
2020-10-22$20.40$21.0057.3%16.4%7.8%27.7%0.0%2.4%-12.1%-46810.4K-410.00188.31N/AN/A00215
2020-10-23$20.40$21.0044.7%12.8%7.8%21.3%0.0%-27.7%-10.7%-58310.2K-340.00174.77N/AN/A00215
2020-10-27$20.16$21.0021.3%6.1%8.4%9.4%0.0%6.3%21.4%-77611.4K-290.00143.76N/AN/A00215
2020-10-28$19.80$21.0038.4%11.0%10.5%18.1%0.0%-9.7%12.7%-61513.3K-280.00168.23N/AN/A00215
2020-10-29$19.89$21.0064.8%18.6%10.5%31.5%0.0%-3.9%-16.2%-45611.6K-370.00185.97N/AN/A00215
2020-10-30$19.73$21.0066.5%19.1%10.7%32.4%0.0%4.4%-17.5%-44912.0K-370.00186.29N/AN/A00215