PCEF Options History — July 2021

In July 2021, PCEF traded between $23.78 and $24.56. ATM implied volatility averaged 34.5%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 26.9% (HV 20d: 7.6%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2021-07-19: Highest Volume — 8 contracts
  • 2021-07-19: Largest IV spike — 80.1% change
  • 2021-07-13: Highest IV Rank — 45.6%
  • 2021-07-19: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.35$23.78$24.56$24.53$24.38
Max Pain$25.10$25.00$26.00$26.00$25.00
ATM IV34.5%16.7%70.3%32.7%16.7%
Expected Move7.4%3.9%10.8%9.4%4.8%
HV 20d7.6%4.8%10.4%4.8%10.4%
HV 60d7.8%7.0%8.7%7.1%8.7%
IV Rank18.0%7.0%45.6%14.6%7.0%
IV Percentile41.5%13.5%89.7%38.9%13.5%
Term Structure-5.2%-12.2%9.7%-12.0%-9.5%
Skew 25d13.9%-2.6%28.5%27.1%0.9%
Skew 10d-1.2%-10.2%7.3%3.2%0.1%
Call IV 25d13.4%6.0%27.0%14.5%6.0%
Put IV 25d27.4%7.0%41.6%41.6%7.0%
Bid-Ask Spread %157.88101.61178.12158.92101.61
Gamma HHI0.390.330.470.470.37
Net GEX-1.9K-3.9K-81-1.1K-745
Net DEX21.4K9.4K30.9K9.4K19.7K
Net VEX-101-147-57-83-57
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.9520850
Total OI28.28620322032

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$24.53$26.0032.7%9.4%4.8%14.6%0.0%27.1%-12.0%-1.1K9.4K-830.00158.92N/AN/A05218
2021-07-02$24.56$26.0033.2%9.5%4.8%14.9%0.0%4.7%-12.2%-1.8K17.7K-810.00148.19N/AN/A00223
2021-07-06$24.50$25.0040.9%3.9%4.8%19.2%0.0%7.2%-2.9%-1.9K17.9K-810.00161.20N/AN/A00223
2021-07-07$24.52$25.0057.7%8.3%4.8%29.5%0.0%28.5%-3.0%-1.2K20.5K-1050.00178.12N/AN/A00223
2021-07-08$24.35$25.0062.0%8.8%5.2%31.9%0.0%26.5%-4.3%-1.6K19.6K-1000.00177.41N/AN/A00223
2021-07-09$24.46$25.0047.1%6.5%5.5%23.3%0.0%0.7%-3.1%-1.7K18.9K-850.00163.17N/AN/A00223
2021-07-12$24.51$25.0048.5%6.3%5.4%24.1%0.0%-0.3%-4.1%-1.9K17.8K-750.00160.49N/AN/A50223
2021-07-13$24.54$25.0070.3%6.7%5.4%45.6%0.0%17.4%-3.7%-1.2K12.3K-790.00160.13N/AN/A00723
2021-07-14$24.55$25.0023.5%6.8%5.4%11.9%0.0%17.4%-3.9%-8116.6K-890.00160.10N/AN/A00723
2021-07-15$24.40$25.0032.1%9.2%5.7%18.1%0.0%14.1%-5.4%-1.0K14.5K-930.00175.65N/AN/A00723
2021-07-16$24.29$25.0020.9%6.0%5.9%10.0%0.0%12.0%-4.0%-1.5K21.6K-850.00157.29N/AN/A00723
2021-07-19$23.78$25.0037.6%10.8%9.3%22.1%0.0%0.1%-8.3%-1.2K24.1K-1050.00165.56N/AN/A08123
2021-07-20$24.05$25.0020.1%5.8%10.1%9.4%0.0%10.2%9.7%-2.4K30.9K-1470.00170.03N/AN/A00131
2021-07-21$24.19$25.0028.1%8.1%10.3%15.2%0.0%11.8%-6.2%-3.9K26.2K-1130.00174.69N/AN/A02131
2021-07-22$24.19$25.0025.8%7.4%10.3%13.5%0.0%23.1%-5.3%-2.8K29.9K-1390.00156.24N/AN/A00131
2021-07-23$24.30$25.0026.1%7.5%10.4%13.8%0.0%23.4%-5.5%-2.4K28.7K-1380.00154.55N/AN/A00131
2021-07-26$24.26$25.0027.1%7.8%10.4%14.5%0.0%-2.6%-6.3%-1.9K23.5K-1080.00125.31N/AN/A00123
2021-07-27$24.19$25.0023.8%6.8%10.2%12.1%0.0%21.8%-5.9%-3.1K27.3K-1220.00155.31N/AN/A00131
2021-07-28$24.33$25.0027.3%7.8%10.4%14.6%0.0%25.8%-6.4%-2.1K29.7K-1390.00153.36N/AN/A00131
2021-07-29$24.39$25.0023.5%6.7%10.4%11.9%0.0%22.5%-7.6%-3.8K21.8K-900.00158.13N/AN/A00131
2021-07-30$24.38$25.0016.7%4.8%10.4%7.0%0.0%0.9%-9.5%-74519.7K-570.00101.61N/AN/A00131