PCEF Options History — April 2023

In April 2023, PCEF traded between $17.77 and $18.30. ATM implied volatility averaged 29.5%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 18.1% (HV 20d: 11.3%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.40.

Notable Days

  • 2023-04-21: Highest Volume — 8 contracts
  • 2023-04-12: Largest IV spike — 334.9% change
  • 2023-04-13: Highest IV Rank — 74.0%
  • 2023-04-13: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.07$17.77$18.30$18.16$18.04
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV29.5%7.5%83.7%9.8%37.0%
Expected Move9.3%2.8%24.0%2.8%10.6%
HV 20d11.3%8.6%15.0%14.9%9.6%
HV 60d12.3%12.2%12.9%12.9%12.2%
IV Rank21.3%0.0%74.0%2.1%28.6%
IV Percentile41.8%0.0%99.2%1.2%61.1%
Term Structure-3.7%-50.2%21.0%18.0%-7.4%
VWIV24.0%13.2%34.8%34.8%13.2%
Skew 25d-1.6%-26.7%29.9%-26.7%29.9%
Skew 10d5.4%-37.2%55.3%-28.7%14.8%
Call IV 25d32.7%9.5%96.4%36.0%9.5%
Put IV 25d31.1%9.3%115.1%9.3%39.4%
Bid-Ask Spread %163.55139.97194.06139.97156.20
Gamma HHI0.660.260.890.810.38
Net GEX-679-2.2K326-1.1K226
Net DEX2.9K-3.2K8.2K3.6K-1.9K
Net VEX-13-19-5-19-11
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.002.000.000.00
Total Volume1.4210806
Total OI11.368516126

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$18.16$18.009.8%2.8%14.9%2.1%0.0%-26.7%18.0%-1.1K3.6K-190.00139.97N/AN/A0057
2023-04-04$18.02$18.0013.7%3.9%15.0%5.9%0.0%-23.4%19.2%-1.0K4.8K-180.00147.12N/AN/A0057
2023-04-05$17.94$18.0014.9%4.3%15.0%7.1%0.0%-21.1%21.0%-1.0K5.4K-170.00147.41N/AN/A0057
2023-04-06$17.97$0.0015.4%7.9%14.3%7.6%0.0%-15.8%-3.7%-1.1K5.4K-160.00163.24N/AN/A0057
2023-04-10$18.05$0.0017.9%10.7%13.5%10.0%0.0%-10.6%-5.4%-9614.4K-170.00175.54N/AN/A1057
2023-04-11$18.18$0.007.5%9.6%12.8%0.0%0.0%3.4%-5.4%-2.0K702-140.00166.05N/AN/A0067
2023-04-12$18.19$0.0032.8%9.4%12.5%24.5%0.0%-25.9%-4.7%-7892.7K-160.00159.94N/AN/A0067
2023-04-13$18.30$0.0083.7%24.0%11.7%74.0%0.0%18.7%-50.2%-5211.3K-190.00194.06N/AN/A0067
2023-04-14$18.23$0.0033.1%9.5%11.5%24.8%0.0%-20.1%-4.8%-4452.9K-152.00167.23N/AN/A1267
2023-04-17$18.21$0.0029.9%8.6%10.5%21.7%0.0%-20.8%-5.7%-7217.6K-120.00167.52N/AN/A0059
2023-04-18$18.20$0.0021.4%6.1%9.0%13.5%0.0%-1.6%-6.4%-2.2K5.9K-100.00169.47N/AN/A0059
2023-04-19$18.20$0.0033.9%9.7%8.6%25.6%0.0%4.7%-6.1%-6998.0K-90.00170.15N/AN/A0059
2023-04-20$18.13$0.0035.2%10.1%8.8%26.9%0.0%20.4%-7.6%-7638.2K-80.00167.81N/AN/A0359
2023-04-21$18.14$0.0034.5%9.9%8.6%26.2%0.0%18.6%-7.4%-8496.7K-50.00167.69N/AN/A08511
2023-04-24$17.95$0.0034.7%9.9%9.5%26.3%34.8%-12.0%-7.4%177-1.1K-70.00161.38N/AN/A2050
2023-04-25$17.77$18.0043.0%12.3%10.0%34.5%0.0%24.3%-11.8%269-3.2K-140.00167.86N/AN/A0070
2023-04-26$17.77$18.0036.2%10.4%10.0%27.9%0.0%20.0%-8.2%278-2.6K-120.00160.39N/AN/A0070
2023-04-27$17.93$18.0024.9%7.1%9.7%16.8%13.2%7.6%13.4%326-3.0K-130.00158.31N/AN/A4070
2023-04-28$18.04$0.0037.0%10.6%9.6%28.6%0.0%29.9%-7.4%226-1.9K-110.00156.20N/AN/A6060