PCEF Options History — February 2021

In February 2021, PCEF traded between $22.38 and $22.94. ATM implied volatility averaged 24.2%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 16.5% (HV 20d: 7.6%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2021-02-10: Highest Volume — 31 contracts
  • 2021-02-25: Largest IV spike — 205.0% change
  • 2021-02-04: Highest IV Rank — 22.5%
  • 2021-02-01: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.76$22.38$22.94$22.38$22.56
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV24.2%9.5%48.6%45.6%14.3%
Expected Move6.7%2.7%13.1%13.1%4.1%
HV 20d7.6%6.9%9.1%8.1%9.1%
HV 60d6.8%6.2%7.9%7.9%7.4%
IV Rank9.1%0.0%22.5%20.9%2.8%
IV Percentile9.0%0.0%35.7%27.4%1.6%
Term Structure-0.6%-11.8%14.6%1.7%7.8%
VWIV2.8%2.8%2.8%2.8%2.8%
Skew 25d9.5%-9.6%38.9%26.8%21.0%
Skew 10d4.9%-11.4%20.5%8.5%14.5%
Call IV 25d23.7%10.4%41.9%35.5%11.7%
Put IV 25d33.1%16.5%62.3%62.3%32.7%
Bid-Ask Spread %153.86139.92176.69176.69139.92
Gamma HHI0.490.340.660.540.37
Net GEX-1.4K-5.4K7.5K-535-5.0K
Net DEX7.9K-4.8K31.5K6.1K29.3K
Net VEX-66-153-25-25-133
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.36803100
Total OI29.053545543

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$22.38$0.0045.6%13.1%8.1%20.9%0.0%26.8%1.7%-5356.1K-250.00176.69N/AN/A0005
2021-02-02$22.55$0.0027.0%7.7%7.5%11.1%0.0%24.2%0.4%-5185.8K-250.00163.01N/AN/A0005
2021-02-03$22.61$0.0026.6%7.6%7.5%10.9%0.0%30.8%5.1%-5145.6K-250.00159.37N/AN/A0005
2021-02-04$22.71$0.0048.6%9.3%7.6%22.5%0.0%1.1%-7.7%-4905.4K-250.00159.04N/AN/A5005
2021-02-05$22.73$0.0018.3%5.6%7.4%6.5%0.0%-0.7%-11.8%373682-330.00141.61N/AN/A2055
2021-02-08$22.85$0.0021.0%6.4%7.6%7.9%0.0%-9.6%-5.7%194-4.5K-340.00152.07N/AN/A0077
2021-02-09$22.91$0.0021.3%6.4%7.5%8.1%0.0%-4.6%-5.7%479-4.4K-370.00150.18N/AN/A0077
2021-02-10$22.90$0.0023.5%6.7%7.4%9.3%0.0%-4.4%-6.0%390-4.8K-330.00155.45N/AN/A03177
2021-02-11$22.93$0.0018.6%5.3%7.3%6.7%0.0%-9.4%-6.1%-2.8K3.6K-790.00154.27N/AN/A00738
2021-02-12$22.93$0.0018.9%5.4%7.3%6.8%0.0%0.3%4.3%-1.5K1.9K-740.00155.60N/AN/A00738
2021-02-16$22.92$0.0026.2%7.5%7.3%10.7%0.0%0.7%-8.6%-1.1K2.1K-700.00154.80N/AN/A20738
2021-02-17$22.94$0.0026.1%7.5%7.1%10.6%0.0%1.1%-7.9%-1.9K289-620.00154.64N/AN/A00738
2021-02-18$22.90$0.0022.2%6.4%6.9%8.6%0.0%1.1%-1.5%-2.0K614-590.00152.79N/AN/A10738
2021-02-19$22.94$0.0022.1%6.3%6.9%6.4%0.0%11.4%3.1%7.5K3.8K-590.00154.17N/AN/A20738
2021-02-22$22.74$0.009.5%2.7%7.6%0.0%2.8%3.1%14.6%-3.6K13.5K-710.00152.53N/AN/A02038
2021-02-23$22.64$23.0014.6%4.2%7.7%2.8%0.0%24.3%11.4%-4.3K31.5K-1530.00146.87N/AN/A00043
2021-02-24$22.80$23.0013.5%3.9%8.1%2.3%0.0%24.1%11.3%-5.4K23.0K-1120.00148.95N/AN/A00043
2021-02-25$22.46$23.0041.2%11.8%9.1%18.2%0.0%38.9%-10.7%-5.1K30.8K-1400.00151.45N/AN/A00043
2021-02-26$22.56$23.0014.3%4.1%9.1%2.8%0.0%21.0%7.8%-5.0K29.3K-1330.00139.92N/AN/A00043