PCEF Options History — January 2023

In January 2023, PCEF traded between $18.29 and $19.57. ATM implied volatility averaged 36.5%, placing in the 28.7% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 24.0% (HV 20d: 12.5%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-01-27: Highest Volume — 20 contracts
  • 2023-01-06: Largest IV drop — 36.0% change
  • 2023-01-04: Highest IV Rank — 47.5%
  • 2023-01-04: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.06$18.29$19.57$18.29$19.57
Max Pain$18.57$18.00$20.00$20.00$18.00
ATM IV36.5%24.1%54.8%52.9%27.4%
Expected Move10.3%6.9%15.7%15.2%7.9%
HV 20d12.5%8.9%14.9%13.4%9.3%
HV 60d13.7%13.3%14.2%14.2%13.3%
IV Rank28.7%16.0%47.5%45.7%19.2%
IV Percentile61.7%29.8%92.1%90.1%37.7%
Term Structure-8.2%-18.0%-2.5%-18.0%-2.5%
VWIV29.3%29.3%29.3%29.3%29.3%
Skew 25d13.7%0.7%51.7%51.7%16.2%
Skew 10d11.1%-21.7%43.2%17.2%26.4%
Call IV 25d26.0%12.6%45.4%13.8%13.7%
Put IV 25d39.7%15.4%65.6%65.6%29.8%
Bid-Ask Spread %163.15150.19172.39162.86154.59
Gamma HHI0.620.480.750.600.75
Net GEX1.4K8212.1K8212.1K
Net DEX-16.0K-23.8K-7.2K-9.0K-21.9K
Net VEX-86-95-75-95-85
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.402000
Total OI37.2532423738

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$18.29$20.0052.9%15.2%13.4%45.7%0.0%51.7%-18.0%821-9.0K-950.00162.86N/AN/A002710
2023-01-04$18.44$20.0054.8%15.7%13.2%47.5%0.0%50.4%-16.7%915-10.1K-950.00163.48N/AN/A002710
2023-01-05$18.35$0.0043.1%7.1%13.3%36.5%0.0%1.3%-4.7%935-7.2K-820.00163.74N/AN/A002710
2023-01-06$18.67$0.0027.6%8.3%14.7%21.9%0.0%5.3%-3.3%1.1K-10.7K-880.00165.15N/AN/A002710
2023-01-09$18.74$0.0034.1%10.4%14.8%28.0%0.0%5.0%-5.3%1.1K-12.2K-930.00172.15N/AN/A002710
2023-01-10$18.86$0.0033.9%10.2%14.4%27.6%0.0%4.4%-5.2%1.1K-13.5K-940.00172.39N/AN/A002710
2023-01-11$19.08$0.0031.2%8.9%14.9%23.0%0.0%19.3%-5.9%1.5K-14.2K-880.00162.72N/AN/A002710
2023-01-12$19.23$0.0035.6%10.2%14.7%27.2%0.0%6.3%-5.7%1.3K-16.9K-940.00171.73N/AN/A502710
2023-01-13$19.20$0.0030.3%8.7%14.6%22.0%0.0%5.9%-5.3%2.0K-21.6K-910.00164.88N/AN/A003210
2023-01-17$19.20$0.0039.0%11.2%14.4%30.5%0.0%10.5%-7.3%1.8K-21.9K-920.00165.29N/AN/A003210
2023-01-18$19.18$0.0038.5%11.0%14.1%30.0%0.0%7.5%-7.8%1.7K-21.9K-900.00170.37N/AN/A003210
2023-01-19$19.17$0.0038.6%11.1%11.4%30.1%0.0%5.1%-7.5%1.9K-21.0K-840.00171.49N/AN/A003210
2023-01-20$19.30$0.0039.7%11.4%11.3%31.2%0.0%6.4%-7.8%986-23.8K-820.00169.53N/AN/A103210
2023-01-23$19.25$0.0041.9%12.0%11.5%33.3%0.0%0.7%-9.4%1.1K-13.9K-820.00165.94N/AN/A002210
2023-01-24$19.27$0.0035.6%10.2%11.1%27.2%29.3%1.7%-8.7%1.2K-14.0K-750.00155.99N/AN/A202210
2023-01-25$19.23$18.0035.8%10.3%11.2%27.4%0.0%27.9%-9.9%1.2K-15.3K-780.00150.19N/AN/A002310
2023-01-26$19.34$18.0033.0%9.5%10.0%24.7%0.0%6.8%-9.9%1.6K-14.8K-760.00151.60N/AN/A002310
2023-01-27$19.43$18.0033.6%9.6%8.9%25.2%0.0%27.8%-10.0%1.3K-17.2K-760.00153.17N/AN/A2002310
2023-01-30$19.38$18.0024.1%6.9%9.1%16.0%0.0%14.5%-12.5%2.1K-18.8K-840.00155.75N/AN/A002810
2023-01-31$19.57$18.0027.4%7.9%9.3%19.2%0.0%16.2%-2.5%2.1K-21.9K-850.00154.59N/AN/A002810