PCEF Options History — July 2023

In July 2023, PCEF traded between $17.94 and $18.41. ATM implied volatility averaged 29.9%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 21.6% (HV 20d: 8.3%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 2.00.

Notable Days

  • 2023-07-21: Highest Volume — 5 contracts
  • 2023-07-10: Largest IV spike — 170.6% change
  • 2023-07-05: Highest IV Rank — 32.8%
  • 2023-07-05: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.24$17.94$18.41$18.16$18.41
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV29.9%8.8%41.3%31.0%40.7%
Expected Move9.1%5.1%11.8%8.9%11.7%
HV 20d8.3%7.1%9.3%7.2%8.6%
HV 60d8.8%8.5%9.1%8.6%8.6%
IV Rank21.7%1.2%32.8%22.8%32.2%
IV Percentile44.0%0.8%74.2%41.7%74.2%
Term Structure-7.3%-15.9%0.3%0.3%-12.2%
VWIV39.6%39.6%39.6%39.6%39.6%
Skew 25d6.8%-22.4%30.4%21.9%30.4%
Skew 10d4.2%-7.5%20.9%-1.7%10.6%
Call IV 25d21.2%8.4%40.6%23.1%10.7%
Put IV 25d28.0%8.8%53.0%45.0%41.1%
Bid-Ask Spread %159.79113.14171.89157.00160.89
Gamma HHI0.360.280.550.290.41
Net GEX-59-3441541638
Net DEX1.5K-9643.3K-951-964
Net VEX-29-37-17-32-22
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.004.000.004.00
Total Volume0.50520
Total OI17.4515191615

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$18.16$19.0031.0%8.9%7.2%22.8%0.0%21.9%0.3%16-951-320.00157.00N/AN/A0279
2023-07-05$18.16$19.0041.3%11.8%7.1%32.8%0.0%20.9%-13.5%-1091.4K-370.00160.79N/AN/A00711
2023-07-06$17.94$19.0027.5%8.2%8.3%19.4%0.0%5.3%-2.8%-3441.7K-330.00170.98N/AN/A00711
2023-07-07$18.02$19.008.8%9.8%8.5%1.2%0.0%-0.3%-15.9%-1262.7K-240.00148.94N/AN/A00711
2023-07-10$18.11$19.0023.8%8.4%8.6%15.8%0.0%5.8%-4.4%-202.4K-260.00149.92N/AN/A00711
2023-07-11$18.13$19.0020.8%7.6%8.6%12.9%0.0%-6.8%-5.0%-1002.1K-330.00171.89N/AN/A20711
2023-07-12$18.29$19.0027.7%8.0%9.1%19.6%0.0%-7.0%-5.3%-481.1K-320.00169.01N/AN/A01711
2023-07-13$18.38$19.0026.9%7.7%9.1%18.8%0.0%-9.5%-6.1%-1492.2K-320.00155.25N/AN/A00712
2023-07-14$18.30$19.0031.9%9.1%9.3%23.7%0.0%-5.6%-5.7%-1052.6K-320.00163.93N/AN/A00712
2023-07-17$18.31$19.0032.7%9.4%9.1%24.5%0.0%-11.0%-6.2%-822.8K-310.00169.12N/AN/A00712
2023-07-18$18.38$19.0032.5%9.3%9.1%24.3%0.0%-22.4%-6.3%-732.6K-320.00164.12N/AN/A00712
2023-07-19$18.41$19.0034.2%9.8%7.3%25.9%0.0%16.7%-8.9%-592.3K-300.00165.52N/AN/A00712
2023-07-20$18.34$19.0031.2%9.0%7.4%23.0%0.0%-4.0%-7.4%-102.9K-280.00162.29N/AN/A00712
2023-07-21$18.37$19.0031.1%8.9%7.4%22.9%39.6%12.5%-7.3%-1623.3K-304.00165.49N/AN/A14712
2023-07-24$18.19$19.0027.7%7.9%8.3%19.5%0.0%19.9%-8.2%-1252.4K-300.00162.66N/AN/A00611
2023-07-25$18.20$0.0017.9%5.1%8.3%10.0%0.0%0.3%-1.8%3891-170.00113.14N/AN/A0069
2023-07-26$18.23$0.0035.7%10.2%8.3%27.4%0.0%25.3%-9.0%47-155-260.00161.58N/AN/A0069
2023-07-27$18.16$0.0036.6%10.5%8.3%28.3%0.0%16.3%-9.9%3332-250.00161.10N/AN/A0069
2023-07-28$18.32$0.0037.9%10.9%8.8%29.5%0.0%27.6%-11.1%15447-200.00162.10N/AN/A0069
2023-07-31$18.41$0.0040.7%11.7%8.6%32.2%0.0%30.4%-12.2%38-964-220.00160.89N/AN/A0069