PCEF Options History — April 2024

In April 2024, PCEF traded between $17.84 and $18.66. ATM implied volatility averaged 36.3%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 27.5% (HV 20d: 8.7%). Max pain ranged from $16.00 to $21.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2024-04-18: Highest Volume — 5 contracts
2024-04-10: Largest IV drop — 23.3% change
2024-04-09: Highest IV Rank — 26.4%
2024-04-30: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.20	$17.84	$18.66	$18.66	$17.96
Max Pain	$19.27	$16.00	$21.00	$18.00	$16.00
ATM IV	36.3%	30.9%	43.9%	31.3%	40.4%
Expected Move	9.9%	8.5%	11.6%	9.0%	11.6%
HV 20d	8.7%	6.7%	10.7%	7.3%	10.6%
HV 60d	8.1%	7.2%	9.0%	7.4%	8.8%
IV Rank	20.7%	16.7%	26.4%	17.2%	23.6%
IV Percentile	73.7%	51.6%	91.3%	57.1%	83.7%
Term Structure	-8.6%	-24.6%	3.0%	3.0%	-18.3%
VWIV	52.3%	25.2%	83.7%	47.9%	25.2%
Skew 25d	12.0%	-5.7%	38.5%	-5.7%	38.5%
Skew 10d	10.7%	0.1%	16.9%	12.7%	11.4%
Call IV 25d	33.1%	10.2%	50.2%	46.9%	17.3%
Put IV 25d	45.1%	21.2%	55.8%	41.2%	55.8%
Bid-Ask Spread %	169.69	164.53	173.24	169.77	166.92
Gamma HHI	0.36	0.28	0.42	0.40	0.30
Net GEX	-686	-884	-451	-856	-470
Net DEX	29.4K	24.7K	40.7K	24.7K	26.6K
Net VEX	-50	-59	-39	-55	-44
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.727	0	5	0	0
Total OI	32.864	31	39	31	31

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-04-01	$18.66	$18.00	31.3%	9.0%	7.3%	17.2%	0.0%	-5.7%	3.0%	-856	24.7K	-55	169.77	N/A	N/A	0	0	4	27
2024-04-02	$18.61	$18.00	33.7%	9.7%	7.4%	19.0%	0.0%	-0.4%	2.5%	-810	25.3K	-55	170.32	N/A	N/A	0	0	4	27
2024-04-03	$18.63	$18.00	35.5%	10.2%	7.0%	20.3%	0.0%	-4.7%	2.2%	-846	24.8K	-54	170.09	N/A	N/A	0	0	4	27
2024-04-04	$18.52	$0.00	36.5%	8.5%	7.0%	21.1%	0.0%	6.2%	-1.4%	-799	25.7K	-59	172.15	N/A	N/A	0	1	4	27
2024-04-05	$18.55	$0.00	38.7%	8.6%	6.7%	22.7%	0.0%	6.7%	-1.5%	-818	27.6K	-58	173.24	N/A	N/A	0	0	4	28
2024-04-08	$18.55	$0.00	41.7%	8.8%	6.7%	24.8%	0.0%	5.2%	-2.0%	-857	27.2K	-58	172.15	N/A	N/A	0	0	4	28
2024-04-09	$18.61	$0.00	43.9%	9.0%	6.7%	26.4%	0.0%	5.0%	-2.0%	-883	26.8K	-57	172.01	N/A	N/A	0	0	4	28
2024-04-10	$18.39	$0.00	33.6%	9.6%	7.7%	18.9%	0.0%	6.4%	-7.9%	-742	28.7K	-50	171.72	N/A	N/A	1	0	4	28
2024-04-11	$18.41	$0.00	34.6%	9.9%	7.7%	19.7%	0.0%	6.5%	-8.5%	-688	29.2K	-47	172.43	N/A	N/A	0	0	4	28
2024-04-12	$18.13	$0.00	30.9%	8.9%	9.0%	16.7%	0.0%	7.9%	-6.9%	-545	30.9K	-41	171.50	N/A	N/A	0	0	4	28
2024-04-15	$17.88	$0.00	34.9%	10.0%	10.0%	19.6%	0.0%	7.6%	-24.6%	-808	31.5K	-39	169.90	N/A	N/A	2	0	4	28
2024-04-16	$17.88	$0.00	35.5%	10.2%	9.7%	20.0%	0.0%	7.1%	-21.4%	-533	28.9K	-48	171.11	N/A	N/A	0	0	6	28
2024-04-17	$17.92	$0.00	34.8%	10.0%	9.6%	19.5%	0.0%	7.1%	-7.4%	-837	29.1K	-49	170.93	N/A	N/A	0	0	6	28
2024-04-18	$17.93	$0.00	36.0%	10.3%	9.2%	20.4%	47.9%	11.1%	-7.7%	-884	28.6K	-50	165.45	N/A	N/A	0	5	6	28
2024-04-19	$17.86	$21.00	36.7%	10.5%	9.1%	20.9%	0.0%	7.8%	-9.2%	-522	40.7K	-52	169.94	N/A	N/A	0	4	6	33
2024-04-22	$17.84	$21.00	35.4%	10.1%	9.1%	19.9%	0.0%	34.6%	-8.7%	-526	33.2K	-51	168.57	N/A	N/A	0	0	5	29
2024-04-23	$18.05	$21.00	36.6%	10.5%	10.3%	20.8%	0.0%	22.1%	-14.5%	-597	32.4K	-51	164.53	N/A	N/A	0	0	5	29
2024-04-24	$17.96	$21.00	35.4%	10.2%	10.3%	19.9%	83.7%	29.4%	-11.3%	-531	33.1K	-48	168.00	N/A	N/A	1	0	5	29
2024-04-25	$17.89	$21.00	35.5%	10.2%	10.2%	20.0%	25.2%	25.8%	-13.6%	-451	32.0K	-46	168.06	N/A	N/A	0	1	6	29
2024-04-26	$18.04	$21.00	36.3%	10.4%	10.7%	20.5%	0.0%	27.8%	-13.0%	-579	33.1K	-48	165.99	N/A	N/A	0	1	5	30
2024-04-29	$18.05	$16.00	39.9%	11.4%	10.6%	23.2%	0.0%	12.5%	-17.3%	-510	26.0K	-46	168.29	N/A	N/A	0	0	5	26
2024-04-30	$17.96	$16.00	40.4%	11.6%	10.6%	23.6%	0.0%	38.5%	-18.3%	-470	26.6K	-44	166.92	N/A	N/A	0	0	5	26