PCEF Options History — November 2020

In November 2020, PCEF traded between $19.88 and $21.71. ATM implied volatility averaged 53.0%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 40.1% (HV 20d: 12.9%). Max pain ranged from $21.00 to $24.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-11-20: Highest Volume — 5 contracts
  • 2020-11-11: Largest IV drop — 40.6% change
  • 2020-11-10: Highest IV Rank — 40.4%
  • 2020-11-03: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.10$19.88$21.71$19.88$21.70
Max Pain$21.75$21.00$24.00$21.00$24.00
ATM IV53.0%29.5%82.3%71.0%29.5%
Expected Move13.9%8.5%20.4%20.3%8.5%
HV 20d12.9%8.8%14.7%11.1%8.8%
HV 60d11.9%10.6%12.2%10.6%12.1%
IV Rank25.5%13.6%40.4%34.6%13.6%
IV Percentile47.2%21.0%77.0%72.2%21.0%
Term Structure-7.3%-24.0%22.0%-21.0%-14.3%
VWIV40.4%32.2%55.0%34.1%32.2%
Skew 25d10.2%-21.0%49.8%5.0%9.5%
Skew 10d-14.3%-45.1%45.6%7.9%41.7%
Call IV 25d54.1%16.3%93.0%91.5%51.6%
Put IV 25d64.3%25.0%96.5%96.5%61.1%
Bid-Ask Spread %169.67158.09186.83186.83158.09
Gamma HHI0.350.290.650.320.46
Net GEX-548-1.3K-196-453-723
Net DEX8.8K2.5K11.6K11.6K10.6K
Net VEX-26-35-14-35-15
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.40500
Total OI16.715171715

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$19.88$21.0071.0%20.3%11.1%34.6%0.0%5.0%-21.0%-45311.6K-350.00186.83N/AN/A00215
2020-11-03$20.12$21.0071.1%20.4%11.7%34.7%0.0%2.3%-21.6%-45911.0K-350.00186.30N/AN/A00215
2020-11-04$20.39$21.0069.7%20.0%12.7%34.0%0.0%2.8%-20.8%-48710.4K-340.00185.71N/AN/A00215
2020-11-05$20.65$21.0069.8%13.2%13.4%34.0%0.0%-19.9%-9.6%-4959.7K-330.00174.73N/AN/A00215
2020-11-06$20.65$21.0053.6%9.9%13.3%25.8%0.0%-21.0%2.8%-5369.4K-290.00163.70N/AN/A00215
2020-11-09$20.93$21.0060.3%14.0%14.2%29.2%0.0%-3.6%-11.8%-5218.8K-300.00174.08N/AN/A00215
2020-11-10$20.99$21.0082.3%14.1%14.1%40.4%0.0%2.2%-12.0%-4708.9K-290.00172.09N/AN/A00215
2020-11-11$21.09$21.0048.9%14.0%14.1%23.4%0.0%-4.3%-12.1%-4648.9K-300.00171.47N/AN/A00215
2020-11-12$20.95$21.0049.2%14.1%14.3%23.6%0.0%-14.8%-11.2%-4659.3K-290.00170.88N/AN/A00215
2020-11-13$21.16$21.0050.6%14.5%14.7%24.3%0.0%4.5%-12.7%-5088.4K-260.00159.49N/AN/A00215
2020-11-16$21.31$21.0043.6%12.5%14.7%20.8%34.1%26.6%-24.0%-4857.8K-230.00169.57N/AN/A10215
2020-11-17$21.43$21.0052.3%15.0%13.7%25.2%0.0%31.0%-14.7%-4907.5K-220.00168.09N/AN/A00215
2020-11-18$21.41$21.0053.2%15.3%13.7%25.6%0.0%-14.9%-15.5%-5207.5K-210.00167.50N/AN/A00215
2020-11-19$21.48$21.0053.5%15.3%13.7%25.8%0.0%28.0%-10.4%-1.3K4.3K-180.00165.51N/AN/A00215
2020-11-20$21.51$21.0040.8%11.7%13.6%19.3%55.0%49.8%16.3%-1962.5K-140.00161.16N/AN/A05215
2020-11-23$21.49$24.0043.8%12.6%13.7%20.8%32.2%6.3%-7.6%-64410.0K-200.00161.97N/AN/A02115
2020-11-24$21.61$24.0041.4%11.9%12.6%19.6%0.0%39.4%16.3%-5599.8K-250.00165.89N/AN/A00115
2020-11-25$21.62$24.0038.8%11.1%9.8%18.3%0.0%38.8%22.0%-5669.7K-240.00164.69N/AN/A00115
2020-11-27$21.71$24.0035.7%10.2%9.8%16.7%0.0%36.3%15.3%-5829.4K-220.00165.66N/AN/A00115
2020-11-30$21.70$24.0029.5%8.5%8.8%13.6%0.0%9.5%-14.3%-72310.6K-150.00158.09N/AN/A00015