PCEF Options History — September 2023

In September 2023, PCEF traded between $16.98 and $17.95. ATM implied volatility averaged 22.3%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 14.2% (HV 20d: 8.1%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.70.

Notable Days

  • 2023-09-15: Highest Volume — 22 contracts
  • 2023-09-28: Largest IV spike — 240.4% change
  • 2023-09-29: Highest IV Rank — 43.3%
  • 2023-09-29: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.47$16.98$17.95$17.95$17.13
Max Pain$18.05$18.00$19.00$19.00$18.00
ATM IV22.3%10.3%40.5%12.4%40.5%
Expected Move6.1%3.0%11.6%3.6%11.6%
HV 20d8.1%7.2%8.7%8.6%7.8%
HV 60d8.2%7.7%8.5%8.3%8.3%
IV Rank18.1%3.7%43.3%4.7%43.3%
IV Percentile31.7%3.2%78.2%6.3%78.2%
Term Structure-1.9%-37.5%18.2%-5.3%-37.5%
VWIV16.3%11.5%26.5%12.7%26.5%
Skew 25d16.8%-3.8%37.6%23.2%36.9%
Skew 10d13.8%-6.7%39.8%37.3%8.5%
Call IV 25d11.6%6.1%17.9%12.2%10.2%
Put IV 25d28.4%8.2%47.4%35.5%47.1%
Bid-Ask Spread %155.8869.70173.34150.37157.81
Gamma HHI0.560.440.840.550.72
Net GEX-596-1.5K-287-604-809
Net DEX8.7K6.0K19.5K6.4K13.5K
Net VEX-23-55-12-20-52
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.003.400.003.40
Total Volume2.0502270
Total OI14.56191915

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$17.95$19.0012.4%3.6%8.6%4.7%12.7%23.2%-5.3%-6046.4K-200.00150.37N/AN/A70613
2023-09-05$17.89$18.0012.5%3.8%8.5%4.8%0.0%12.3%7.0%-6366.7K-190.00173.34N/AN/A00613
2023-09-06$17.80$18.0014.1%3.6%8.6%6.4%0.0%14.4%15.0%-5286.9K-190.00172.57N/AN/A00613
2023-09-07$17.74$18.0014.6%3.7%8.6%6.9%0.0%15.3%14.9%-5037.0K-190.00171.79N/AN/A00613
2023-09-08$17.74$18.0014.3%3.8%8.6%6.6%0.0%13.9%8.7%-5967.3K-170.00171.44N/AN/A00613
2023-09-11$17.70$18.0020.3%3.9%8.6%12.3%0.0%16.0%-0.8%-5347.1K-170.00169.96N/AN/A00613
2023-09-12$17.63$18.0024.6%3.8%8.7%16.5%0.0%17.3%9.6%-4727.3K-180.00170.17N/AN/A00613
2023-09-13$17.61$18.0013.2%3.8%8.4%5.5%0.0%0.4%9.5%-4917.4K-170.00166.44N/AN/A00613
2023-09-14$17.63$18.0016.4%4.7%8.2%8.6%0.0%-3.8%10.8%-9746.1K-120.00156.80N/AN/A00613
2023-09-15$17.55$18.0012.7%3.7%7.8%6.8%0.0%26.5%18.2%-2877.9K-163.40172.10N/AN/A517613
2023-09-18$17.41$18.0023.8%6.8%8.2%21.4%14.5%2.8%-8.1%-3076.0K-180.00156.13N/AN/A0106
2023-09-19$17.43$18.0036.6%10.5%7.4%38.1%0.0%19.9%-8.7%-4197.1K-190.00153.46N/AN/A0007
2023-09-20$17.45$18.0024.3%7.0%7.4%22.0%0.0%5.5%-9.0%-4687.2K-190.00163.88N/AN/A0007
2023-09-21$17.23$18.0035.0%10.0%7.9%36.0%0.0%30.7%-8.9%-4297.8K-180.00150.18N/AN/A0107
2023-09-22$17.29$18.0025.4%7.3%7.7%23.5%0.0%24.9%-6.6%-4658.3K-230.00159.80N/AN/A0008
2023-09-25$17.20$18.0038.4%11.0%7.6%40.5%11.5%34.0%-11.1%-4338.4K-220.00152.16N/AN/A0108
2023-09-26$16.99$18.0021.6%6.2%8.5%18.4%26.5%8.1%-3.3%-5809.5K-190.00120.74N/AN/A0908
2023-09-27$16.98$18.0010.3%3.0%7.2%3.7%0.0%1.0%-2.2%-1.5K19.5K-450.0069.70N/AN/A00017
2023-09-28$17.05$18.0035.2%10.1%7.5%36.3%0.0%37.6%-29.9%-89316.3K-550.00158.74N/AN/A00017
2023-09-29$17.13$18.0040.5%11.6%7.8%43.3%0.0%36.9%-37.5%-80913.5K-520.00157.81N/AN/A00015