PCEF Options History — December 2020

In December 2020, PCEF traded between $21.82 and $22.39. ATM implied volatility averaged 50.2%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 44.2% (HV 20d: 5.9%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days.

Notable Days

  • 2020-12-03: Highest Volume — 6 contracts
  • 2020-12-21: Largest IV spike — 75.0% change
  • 2020-12-08: Highest IV Rank — 38.3%
  • 2020-12-31: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.14$21.82$22.39$21.82$22.37
Max Pain$23.09$23.00$24.00$24.00$23.00
ATM IV50.2%23.9%78.2%39.7%66.2%
Expected Move13.7%6.9%19.0%11.4%19.0%
HV 20d5.9%4.1%8.8%8.8%5.6%
HV 60d10.5%9.4%11.8%11.8%9.4%
IV Rank23.3%9.3%38.3%18.8%31.7%
IV Percentile43.7%15.9%75.4%27.4%67.9%
Term Structure-9.8%-23.9%15.2%-18.4%-23.9%
Skew 25d8.3%-21.3%53.5%6.3%7.0%
Skew 10d17.5%-6.4%28.4%25.5%25.9%
Call IV 25d54.9%24.4%87.8%34.3%80.1%
Put IV 25d63.2%27.7%100.8%40.6%87.2%
Bid-Ask Spread %179.95148.85197.02148.85184.83
Gamma HHI0.430.310.530.490.50
Net GEX-830-1.7K-372-737-440
Net DEX13.1K7.2K20.6K10.2K7.2K
Net VEX-35-52-14-14-30
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.5910600
Total OI15.045622156

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$21.82$24.0039.7%11.4%8.8%18.8%0.0%6.3%-18.4%-73710.2K-140.00148.85N/AN/A00015
2020-12-02$21.87$24.0046.4%13.3%8.4%22.2%0.0%41.0%15.2%-66810.3K-160.00156.68N/AN/A01015
2020-12-03$21.89$23.0046.5%12.4%7.7%22.2%0.0%-11.8%-9.0%-69911.6K-200.00188.62N/AN/A06016
2020-12-04$22.06$23.0047.3%9.8%7.1%22.6%0.0%-14.9%10.7%-1.6K20.6K-450.00188.37N/AN/A00022
2020-12-07$22.04$23.0052.5%12.9%7.2%25.3%0.0%2.9%-10.3%-1.7K20.5K-410.00175.51N/AN/A00022
2020-12-08$22.11$23.0078.2%13.2%6.0%38.3%0.0%2.8%-10.5%-1.0K18.3K-520.00188.41N/AN/A00022
2020-12-09$22.11$23.0045.7%13.1%6.1%20.5%0.0%-17.3%-10.9%-1.1K18.9K-510.00185.97N/AN/A00022
2020-12-10$22.12$23.0046.3%13.3%6.1%20.8%0.0%3.9%-10.4%-1.1K18.8K-500.00187.90N/AN/A00022
2020-12-11$22.09$23.0046.1%13.2%5.3%20.7%0.0%-12.0%-10.1%-1.1K19.1K-500.00188.18N/AN/A06022
2020-12-14$22.10$23.0047.7%13.7%4.6%21.5%0.0%2.5%-13.1%-1.1K18.0K-410.00186.97N/AN/A00021
2020-12-15$22.20$23.0048.3%13.9%4.3%21.9%0.0%-21.3%-13.2%-1.1K17.5K-400.00187.35N/AN/A00021
2020-12-16$22.31$23.0049.0%14.0%4.3%22.2%0.0%3.3%-13.3%-1.1K16.9K-370.00186.76N/AN/A00021
2020-12-17$22.39$23.0023.9%6.9%4.1%9.3%0.0%1.9%0.0%-1.5K16.2K-340.00163.07N/AN/A00021
2020-12-18$22.34$23.0031.1%8.9%4.4%13.0%0.0%2.8%-12.2%-52111.8K-320.00185.26N/AN/A00021
2020-12-21$22.13$23.0054.4%15.6%6.0%25.0%0.0%13.0%1.1%-3727.4K-310.00197.02N/AN/A0006
2020-12-22$22.12$23.0053.8%15.4%6.0%25.2%0.0%1.6%-14.9%-3947.5K-310.00173.72N/AN/A0006
2020-12-23$22.16$23.0054.9%15.7%5.8%25.8%0.0%10.0%-14.8%-4007.5K-310.00184.05N/AN/A0006
2020-12-24$22.19$23.0055.4%15.9%5.8%26.0%0.0%37.6%-15.4%-4037.5K-310.00171.86N/AN/A0006
2020-12-28$22.23$23.0060.0%17.2%5.7%28.5%0.0%37.4%-18.4%-4327.5K-300.00172.93N/AN/A0006
2020-12-29$22.20$23.0047.3%13.6%5.7%21.8%0.0%53.5%7.8%-4447.6K-300.00171.74N/AN/A0006
2020-12-30$22.29$23.0062.9%18.0%5.6%30.0%0.0%32.0%-21.6%-4417.4K-300.00184.83N/AN/A0006
2020-12-31$22.37$23.0066.2%19.0%5.6%31.7%0.0%7.0%-23.9%-4407.2K-300.00184.83N/AN/A0006