PCEF Options History — February 2024

In February 2024, PCEF traded between $18.29 and $18.62. ATM implied volatility averaged 26.3%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 18.6% (HV 20d: 7.8%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-02-14: Highest Volume — 4 contracts
  • 2024-02-26: Largest IV spike — 99.7% change
  • 2024-02-06: Highest IV Rank — 20.5%
  • 2024-02-27: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.45$18.29$18.62$18.41$18.55
Max Pain$18.10$18.00$20.00$18.00$20.00
ATM IV26.3%15.1%35.8%28.3%30.4%
Expected Move7.0%4.3%9.1%6.1%8.7%
HV 20d7.8%6.6%8.9%7.0%8.6%
HV 60d8.1%7.2%8.6%8.6%7.9%
IV Rank13.7%5.5%20.5%15.1%16.6%
IV Percentile41.2%16.3%73.4%46.0%52.0%
Term Structure-3.9%-28.3%77.0%-14.5%1.9%
VWIV29.1%29.1%29.1%29.1%29.1%
Skew 25d4.5%2.5%14.2%4.5%3.1%
Skew 10d21.6%4.2%44.6%15.6%11.1%
Call IV 25d8.8%7.4%11.2%7.4%11.2%
Put IV 25d13.3%11.0%23.1%11.8%14.3%
Bid-Ask Spread %156.23151.62160.26159.72152.10
Gamma HHI0.360.320.460.330.34
Net GEX-2.6K-3.1K-2.2K-2.7K-3.1K
Net DEX33.7K27.6K40.1K30.7K35.6K
Net VEX-114-139-85-139-120
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.650400
Total OI67.2563766376

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$18.41$18.0028.3%6.1%7.0%15.1%0.0%4.5%-14.5%-2.7K30.7K-1390.00159.72N/AN/A00756
2024-02-02$18.34$18.0030.6%6.1%7.2%16.7%0.0%4.2%-14.2%-2.7K32.3K-1360.00160.26N/AN/A00756
2024-02-05$18.29$18.0031.8%6.2%7.3%17.6%0.0%4.1%-14.5%-2.7K33.8K-1360.00160.20N/AN/A00756
2024-02-06$18.41$18.0035.8%6.2%6.7%20.5%0.0%3.4%-15.2%-2.7K31.9K-1310.00158.57N/AN/A00756
2024-02-07$18.46$18.0022.9%6.6%6.8%11.2%0.0%3.6%-17.5%-2.7K30.6K-1260.00158.19N/AN/A00756
2024-02-08$18.45$18.0023.3%6.7%6.6%11.4%0.0%3.5%-18.6%-2.2K32.9K-870.00159.28N/AN/A01756
2024-02-09$18.51$18.0023.0%6.6%6.6%11.2%0.0%3.3%14.2%-2.4K31.4K-900.00159.68N/AN/A00757
2024-02-12$18.62$18.0023.1%6.6%6.8%11.3%0.0%3.4%14.3%-2.7K27.6K-1170.00155.44N/AN/A00757
2024-02-13$18.41$18.0024.0%6.9%7.5%12.0%0.0%5.4%-19.1%-2.3K37.6K-1260.00156.82N/AN/A00757
2024-02-14$18.52$18.0024.8%7.1%7.5%12.5%0.0%4.5%17.0%-2.2K35.7K-1030.00155.67N/AN/A04757
2024-02-15$18.59$18.0023.6%6.8%7.5%11.6%0.0%14.2%5.2%-2.6K33.7K-1370.00155.09N/AN/A02761
2024-02-16$18.52$18.0025.0%7.2%7.7%12.7%0.0%4.2%77.0%-2.4K38.2K-1030.00157.20N/AN/A00763
2024-02-20$18.32$18.0025.8%7.4%8.7%13.3%0.0%4.9%-10.6%-2.4K40.1K-970.00155.94N/AN/A00763
2024-02-21$18.35$18.0026.2%7.5%8.7%13.6%0.0%4.7%-28.3%-2.4K39.3K-970.00155.44N/AN/A10763
2024-02-22$18.45$18.0020.8%5.9%8.9%9.6%0.0%4.1%-10.0%-2.7K32.4K-1030.00151.62N/AN/A00863
2024-02-23$18.48$18.0015.1%4.3%8.8%5.5%0.0%3.2%10.8%-2.9K30.0K-1140.00151.95N/AN/A00863
2024-02-26$18.43$18.0030.2%8.6%8.9%16.4%0.0%2.5%-17.6%-2.6K34.3K-850.00154.80N/AN/A01863
2024-02-27$18.45$18.0031.8%9.1%8.7%17.6%0.0%5.6%-18.4%-2.9K32.9K-1200.00154.39N/AN/A00864
2024-02-28$18.48$18.0030.7%8.8%8.7%16.8%29.1%2.7%-20.3%-2.8K32.9K-1190.00152.18N/AN/A04864
2024-02-29$18.55$20.0030.4%8.7%8.6%16.6%0.0%3.1%1.9%-3.1K35.6K-1200.00152.10N/AN/A00868