PCEF Options History — February 2023

In February 2023, PCEF traded between $18.77 and $19.85. ATM implied volatility averaged 29.1%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 18.7% (HV 20d: 10.4%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-02-21: Highest Volume — 2 contracts
  • 2023-02-15: Largest IV spike — 71.9% change
  • 2023-02-28: Highest IV Rank — 31.4%
  • 2023-02-28: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.35$18.77$19.85$19.76$18.91
Max Pain$16.11$16.00$18.00$18.00$16.00
ATM IV29.1%18.2%39.9%26.2%39.9%
Expected Move8.0%5.1%11.4%7.5%11.4%
HV 20d10.4%8.3%13.8%9.3%13.7%
HV 60d12.5%11.5%13.5%13.3%12.5%
IV Rank20.8%10.3%31.4%18.0%31.4%
IV Percentile44.6%21.8%69.8%33.7%69.8%
Term Structure-2.8%-22.6%43.3%-5.6%-12.6%
VWIV45.1%45.1%45.1%45.1%45.1%
Skew 25d21.2%1.0%41.3%5.4%41.3%
Skew 10d21.9%-20.9%50.0%24.0%50.0%
Call IV 25d15.3%7.0%37.8%12.1%10.8%
Put IV 25d36.5%15.1%52.5%17.4%52.2%
Bid-Ask Spread %142.71135.63150.04150.04141.82
Gamma HHI0.800.700.920.800.79
Net GEX2.1K1.5K3.1K2.3K1.8K
Net DEX-18.8K-25.8K-9.3K-25.0K-12.3K
Net VEX-65-86-46-81-46
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1050200
Total OI37.68437383837

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$19.76$18.0026.2%7.5%9.3%18.0%0.0%5.4%-5.6%2.3K-25.0K-810.00150.04N/AN/A002810
2023-02-02$19.85$16.0024.0%7.5%9.2%15.9%0.0%24.1%-17.6%2.0K-25.8K-860.00137.97N/AN/A002810
2023-02-03$19.71$16.0027.1%7.9%9.5%19.0%0.0%26.3%-18.1%1.9K-24.0K-850.00141.67N/AN/A002810
2023-02-06$19.53$16.0032.1%7.2%9.0%23.8%0.0%12.0%-10.6%2.5K-21.2K-720.00143.57N/AN/A002810
2023-02-07$19.66$16.0033.9%5.1%9.2%25.6%0.0%27.8%3.2%2.5K-23.2K-730.00146.46N/AN/A002810
2023-02-08$19.59$16.0029.8%8.5%9.3%21.6%0.0%1.0%-20.5%2.0K-22.4K-780.00135.63N/AN/A002810
2023-02-09$19.52$16.0018.2%5.2%8.7%10.3%0.0%27.7%3.7%2.6K-20.8K-690.00143.06N/AN/A002810
2023-02-10$19.51$16.0018.4%5.3%8.3%10.5%0.0%29.8%3.6%2.4K-20.9K-680.00146.15N/AN/A002810
2023-02-13$19.59$16.0019.5%5.6%8.4%11.5%0.0%13.8%1.2%3.1K-20.4K-650.00135.79N/AN/A002810
2023-02-14$19.59$16.0019.2%5.5%8.4%11.3%0.0%25.4%3.5%2.8K-21.2K-660.00141.79N/AN/A002810
2023-02-15$19.56$16.0033.0%9.5%8.4%24.7%0.0%27.0%-22.6%1.9K-22.7K-680.00147.83N/AN/A002810
2023-02-16$19.38$16.0033.7%9.6%9.1%25.3%0.0%22.8%41.1%1.8K-20.4K-660.00145.82N/AN/A002810
2023-02-17$19.33$16.0029.5%8.5%8.9%21.3%0.0%26.4%43.3%2.4K-18.1K-580.00141.71N/AN/A002810
2023-02-21$18.79$16.0034.3%9.8%13.5%25.9%45.1%33.3%-10.3%1.7K-10.3K-480.00138.90N/AN/A202710
2023-02-22$18.77$16.0029.0%8.3%13.4%20.8%0.0%28.7%-10.5%1.8K-9.3K-460.00142.30N/AN/A002710
2023-02-23$18.92$16.0032.3%9.3%13.8%24.0%0.0%8.8%-1.3%1.7K-13.7K-530.00141.68N/AN/A002710
2023-02-24$18.81$16.0033.1%9.5%13.7%24.8%0.0%5.6%-10.9%1.6K-12.5K-520.00143.67N/AN/A002710
2023-02-27$18.88$16.0038.8%11.1%13.7%30.3%0.0%15.5%-11.9%1.5K-14.0K-530.00145.73N/AN/A002710
2023-02-28$18.91$16.0039.9%11.4%13.7%31.4%0.0%41.3%-12.6%1.8K-12.3K-460.00141.82N/AN/A002710