PCEF Options History — March 2024

In March 2024, PCEF traded between $18.48 and $18.80. ATM implied volatility averaged 32.2%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 24.6% (HV 20d: 7.6%). 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 19 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-03-01: Highest Volume — 2 contracts
  • 2024-03-13: Largest IV drop — 59.9% change
  • 2024-03-12: Highest IV Rank — 38.9%
  • 2024-03-01: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.66$18.48$18.80$18.63$18.80
Max Pain$18.10$18.00$20.00$20.00$18.00
ATM IV32.2%24.5%61.1%29.9%26.9%
Expected Move7.4%6.6%8.6%8.6%7.7%
HV 20d7.6%6.9%8.5%8.1%6.9%
HV 60d7.5%7.2%8.1%7.9%7.3%
IV Rank17.9%12.3%38.9%16.3%14.1%
IV Percentile56.0%35.7%97.2%50.4%40.9%
Term Structure7.2%-8.2%9.3%4.5%4.5%
VWIV14.8%14.8%14.8%14.8%14.8%
Skew 25d-5.2%-14.4%2.9%2.9%-14.4%
Skew 10d4.5%-16.2%13.1%-7.7%8.6%
Call IV 25d33.5%11.4%42.9%11.4%42.9%
Put IV 25d28.3%14.2%40.1%14.2%28.5%
Bid-Ask Spread %169.39151.74171.99151.74169.89
Gamma HHI0.370.320.410.350.41
Net GEX-1.9K-3.3K-617-3.1K-760
Net DEX32.7K22.4K47.3K34.6K24.1K
Net VEX-77-115-37-115-42
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.250220
Total OI56.7531797531

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$18.63$20.0029.9%8.6%8.1%16.3%0.0%2.9%4.5%-3.1K34.6K-1150.00151.74N/AN/A02768
2024-03-04$18.62$18.0033.7%6.7%8.0%19.0%0.0%-5.6%9.1%-2.9K41.2K-790.00166.89N/AN/A00770
2024-03-05$18.51$18.0037.0%7.0%8.3%21.4%0.0%-3.7%7.8%-3.3K42.8K-1130.00167.23N/AN/A00770
2024-03-06$18.63$18.0037.3%6.9%8.2%21.6%0.0%-4.4%8.0%-3.1K40.9K-1090.00166.83N/AN/A00770
2024-03-07$18.73$18.0037.6%6.7%8.4%21.9%14.8%-2.9%7.5%-2.8K40.0K-670.00167.61N/AN/A01770
2024-03-08$18.73$18.0039.0%6.6%8.4%22.9%0.0%-4.8%7.5%-3.1K39.2K-1020.00171.66N/AN/A01771
2024-03-11$18.66$18.0052.7%7.0%8.5%32.8%0.0%-2.7%7.1%-3.2K43.0K-980.00171.99N/AN/A00772
2024-03-12$18.73$18.0061.1%7.1%8.3%38.9%0.0%-6.0%7.2%-3.1K41.6K-710.00171.99N/AN/A10772
2024-03-13$18.77$18.0024.5%7.0%7.1%12.3%0.0%-7.0%7.2%-3.2K38.7K-900.00171.75N/AN/A00772
2024-03-14$18.63$18.0025.9%7.4%7.4%13.3%0.0%2.5%9.1%-3.0K47.3K-880.00171.90N/AN/A00772
2024-03-15$18.64$18.0026.2%7.5%7.3%13.6%0.0%-0.2%9.0%-77428.1K-940.00171.76N/AN/A00772
2024-03-18$18.48$18.0024.7%7.1%7.9%12.5%0.0%1.9%-8.2%-83124.7K-720.00170.46N/AN/A00427
2024-03-19$18.55$18.0027.3%7.8%6.9%14.3%0.0%-3.2%9.1%-87224.0K-740.00171.48N/AN/A00427
2024-03-20$18.66$18.0026.0%7.4%7.1%13.4%0.0%-10.4%9.2%-92423.4K-660.00170.79N/AN/A00427
2024-03-21$18.70$18.0025.9%7.4%6.9%13.3%0.0%-13.1%9.3%-76224.3K-440.00170.95N/AN/A00427
2024-03-22$18.70$18.0025.7%7.4%6.9%13.2%0.0%-6.8%9.2%-85224.4K-580.00170.99N/AN/A00427
2024-03-25$18.66$18.0027.2%7.8%6.9%14.3%0.0%-6.8%8.9%-83722.4K-850.00170.76N/AN/A00427
2024-03-26$18.70$18.0027.1%7.8%6.9%14.2%0.0%-6.8%8.9%-61725.0K-370.00170.71N/AN/A00427
2024-03-27$18.74$18.0028.3%8.1%6.9%15.1%0.0%-12.1%8.9%-73424.2K-420.00170.47N/AN/A00427
2024-03-28$18.80$18.0026.9%7.7%6.9%14.1%0.0%-14.4%4.5%-76024.1K-420.00169.89N/AN/A00427