PCEF Options History — October 2023

In October 2023, PCEF traded between $15.98 and $17.04. ATM implied volatility averaged 32.0%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 21.9% (HV 20d: 10.1%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days.

Notable Days

  • 2023-10-20: Highest Volume — 4 contracts
  • 2023-10-20: Largest IV spike — 102.2% change
  • 2023-10-09: Highest IV Rank — 57.1%
  • 2023-10-31: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.59$15.98$17.04$16.96$16.24
Max Pain$17.14$17.00$18.00$18.00$17.00
ATM IV32.0%12.2%51.1%37.4%50.3%
Expected Move7.5%3.1%14.4%10.7%14.4%
HV 20d10.1%8.0%11.1%8.0%10.7%
HV 60d8.8%8.4%9.4%8.4%9.4%
IV Rank32.1%6.1%57.1%39.2%56.1%
IV Percentile55.5%6.3%93.3%72.6%93.3%
Term Structure-1.9%-33.7%19.1%-33.7%-18.2%
Skew 25d17.0%-1.4%45.0%39.5%45.0%
Skew 10d16.8%-5.0%51.2%48.3%51.2%
Call IV 25d15.7%7.0%31.5%11.4%11.0%
Put IV 25d32.7%8.5%56.0%50.9%56.0%
Bid-Ask Spread %150.21108.04166.16157.95160.24
Gamma HHI0.770.660.900.740.66
Net GEX-996-1.7K-675-816-816
Net DEX18.5K14.2K24.5K14.2K20.6K
Net VEX-54-71-37-51-71
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.6360400
Total OI1815221522

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$16.96$18.0037.4%10.7%8.0%39.2%0.0%39.5%-33.7%-81614.2K-510.00157.95N/AN/A00015
2023-10-03$16.73$18.0027.0%7.7%8.9%25.5%0.0%4.0%-5.9%-1.1K17.6K-410.00120.80N/AN/A00015
2023-10-04$16.79$18.0045.1%12.9%9.2%49.3%0.0%38.2%-29.8%-71014.8K-500.00163.84N/AN/A00015
2023-10-05$16.75$17.0049.4%3.7%9.2%54.9%0.0%7.8%17.3%-1.4K17.4K-410.00165.74N/AN/A00015
2023-10-06$16.87$17.0030.1%3.1%9.8%29.7%0.0%3.1%12.8%-92415.1K-480.00131.40N/AN/A01015
2023-10-09$16.93$17.0051.1%3.6%10.1%57.1%0.0%7.8%16.7%-83015.2K-530.00166.16N/AN/A01016
2023-10-10$17.00$17.0045.7%3.2%10.3%50.1%0.0%17.1%4.5%-1.3K16.9K-550.00147.41N/AN/A01017
2023-10-11$17.04$17.0012.2%3.5%10.4%6.1%0.0%8.2%8.8%-1.1K16.8K-610.00148.02N/AN/A00018
2023-10-12$16.91$17.0012.6%3.6%10.6%6.6%0.0%10.3%10.9%-1.0K17.4K-600.00165.47N/AN/A00018
2023-10-13$16.86$17.0012.5%3.6%10.5%6.5%0.0%4.7%10.8%-92817.5K-600.00163.69N/AN/A00018
2023-10-16$16.88$17.0012.4%3.6%10.3%6.4%0.0%10.7%10.9%-93417.4K-590.00158.62N/AN/A03018
2023-10-17$16.80$17.0013.1%3.8%10.3%7.3%0.0%1.3%12.1%-1.4K19.9K-610.00111.79N/AN/A00020
2023-10-18$16.66$17.0013.7%3.9%10.5%8.0%0.0%-1.4%1.4%-1.7K22.7K-500.00108.04N/AN/A00020
2023-10-19$16.51$17.0015.5%4.4%10.1%10.4%0.0%33.8%19.1%-75919.3K-630.00165.84N/AN/A01020
2023-10-20$16.39$17.0031.3%9.0%10.0%31.2%0.0%21.6%-8.0%-1.3K24.5K-410.00154.31N/AN/A04020
2023-10-23$16.20$17.0040.1%11.5%10.5%42.7%0.0%36.0%-15.8%-1.1K23.0K-370.00150.71N/AN/A00019
2023-10-24$16.29$17.0045.3%13.0%10.3%49.5%0.0%19.9%-12.3%-78018.7K-600.00152.24N/AN/A00019
2023-10-25$16.07$17.0041.2%11.8%11.1%44.2%0.0%11.0%-9.7%-72119.3K-570.00150.87N/AN/A00019
2023-10-26$15.98$17.0041.5%11.9%10.8%44.6%0.0%7.3%-10.3%-67519.4K-570.00151.29N/AN/A00019
2023-10-27$15.98$17.0041.7%11.9%10.5%44.8%0.0%7.2%-11.5%-68219.4K-560.00155.52N/AN/A00019
2023-10-30$16.10$17.0035.0%10.0%10.9%36.1%0.0%42.0%-11.4%-77819.7K-550.00154.75N/AN/A03019
2023-10-31$16.24$17.0050.3%14.4%10.7%56.1%0.0%45.0%-18.2%-81620.6K-710.00160.24N/AN/A00022