PCEF Options History — May 2024

In May 2024, PCEF traded between $18.13 and $18.69. ATM implied volatility averaged 43.5%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 34.4% (HV 20d: 9.1%). 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 6 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2024-05-31: Highest Volume — 2 contracts
2024-05-28: Largest IV spike — 86.2% change
2024-05-13: Highest IV Rank — 61.7%
2024-05-03: Largest Expected Move — 14.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.48	$18.13	$18.69	$18.13	$18.52
Max Pain	$18.86	$16.00	$21.00	$16.00	$17.00
ATM IV	43.5%	20.1%	92.7%	44.7%	28.7%
Expected Move	9.6%	5.8%	14.3%	12.8%	8.2%
HV 20d	9.1%	7.2%	12.0%	11.3%	7.6%
HV 60d	8.8%	8.5%	9.2%	9.0%	8.8%
IV Rank	25.8%	8.7%	61.7%	26.7%	15.0%
IV Percentile	72.0%	17.1%	98.8%	91.7%	45.6%
Term Structure	-5.2%	-32.9%	52.6%	-28.2%	4.1%
VWIV	33.4%	33.4%	33.4%	33.4%	33.4%
Skew 25d	-4.8%	-23.9%	23.8%	23.8%	-23.9%
Skew 10d	24.9%	7.9%	39.1%	9.7%	36.7%
Call IV 25d	32.7%	11.3%	42.3%	32.4%	41.8%
Put IV 25d	28.0%	16.2%	59.3%	56.2%	17.9%
Bid-Ask Spread %	159.07	152.38	168.15	167.00	156.59
Gamma HHI	0.40	0.26	0.55	0.31	0.41
Net GEX	-479	-745	-139	-497	-148
Net DEX	16.3K	2.0K	26.9K	25.9K	2.0K
Net VEX	-34	-59	-13	-44	-13
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	0.091	0	2	0	2
Total OI	24.591	13	31	31	13

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	Call OI	Put OI
2024-05-01	$18.13	$16.00	44.7%	12.8%	11.3%	26.7%	0.0%	23.8%	-28.2%	-497	25.9K	-44	167.00	N/A	N/A	0	5	26
2024-05-02	$18.18	$16.00	46.9%	13.4%	11.3%	28.3%	0.0%	20.0%	-27.3%	-529	25.5K	-43	167.71	N/A	N/A	0	5	26
2024-05-03	$18.31	$16.00	50.0%	14.3%	11.6%	30.6%	0.0%	17.0%	-32.9%	-590	24.7K	-47	168.15	N/A	N/A	0	5	26
2024-05-06	$18.45	$21.00	56.0%	7.5%	12.0%	34.9%	0.0%	-17.8%	-7.5%	-628	24.1K	-44	159.95	N/A	N/A	0	5	26
2024-05-07	$18.48	$21.00	58.6%	9.0%	11.9%	36.8%	0.0%	-16.0%	-18.5%	-662	23.7K	-46	160.87	N/A	N/A	0	5	26
2024-05-08	$18.45	$21.00	61.9%	9.1%	11.1%	39.2%	0.0%	-16.6%	-19.0%	-635	24.2K	-44	157.87	N/A	N/A	0	5	26
2024-05-09	$18.52	$21.00	39.8%	9.2%	11.2%	23.1%	0.0%	11.0%	-6.1%	-692	21.8K	-59	159.29	N/A	N/A	0	5	26
2024-05-10	$18.48	$21.00	71.3%	9.4%	9.6%	46.1%	0.0%	-15.5%	-20.6%	-654	24.0K	-45	159.32	N/A	N/A	0	5	26
2024-05-13	$18.46	$21.00	92.7%	9.8%	7.9%	61.7%	0.0%	-15.9%	-21.9%	-637	24.4K	-41	159.63	N/A	N/A	0	5	26
2024-05-14	$18.55	$21.00	63.1%	9.6%	8.0%	40.1%	0.0%	-20.2%	-7.4%	-614	24.1K	-36	158.86	N/A	N/A	0	5	26
2024-05-15	$18.69	$21.00	33.0%	9.5%	8.2%	18.2%	0.0%	2.2%	-7.1%	-745	21.9K	-53	158.56	N/A	N/A	0	5	26
2024-05-16	$18.66	$21.00	33.4%	9.6%	8.3%	18.5%	0.0%	-20.8%	52.6%	-661	23.5K	-36	158.56	N/A	N/A	0	5	26
2024-05-17	$18.66	$21.00	34.5%	9.9%	8.1%	19.2%	0.0%	18.1%	-4.7%	-692	21.4K	-55	158.59	N/A	N/A	0	5	26
2024-05-20	$18.57	$21.00	20.2%	5.8%	8.4%	8.8%	0.0%	-9.0%	21.0%	-596	26.9K	-23	157.59	N/A	N/A	0	3	25
2024-05-21	$18.63	$17.00	20.1%	5.8%	7.6%	8.7%	0.0%	6.3%	21.1%	-241	3.4K	-24	152.38	N/A	N/A	0	3	11
2024-05-22	$18.63	$17.00	20.4%	5.8%	7.2%	9.0%	0.0%	14.6%	21.2%	-240	2.0K	-14	154.39	N/A	N/A	0	3	11
2024-05-23	$18.47	$17.00	37.5%	10.7%	7.9%	21.4%	0.0%	-13.4%	-9.1%	-239	3.4K	-18	156.49	N/A	N/A	0	3	11
2024-05-24	$18.55	$17.00	22.1%	6.3%	7.5%	10.2%	0.0%	-14.4%	10.3%	-237	2.9K	-16	157.61	N/A	N/A	0	3	11
2024-05-28	$18.48	$17.00	41.2%	11.8%	7.7%	24.1%	0.0%	-16.0%	-11.6%	-234	3.3K	-16	156.52	N/A	N/A	0	3	11
2024-05-29	$18.36	$17.00	40.3%	11.6%	7.9%	23.5%	0.0%	-6.6%	-11.6%	-230	4.0K	-17	157.20	N/A	N/A	0	3	11
2024-05-30	$18.39	$17.00	41.1%	11.8%	7.3%	24.1%	0.0%	-11.7%	-12.1%	-139	2.3K	-13	156.38	N/A	N/A	0	3	10
2024-05-31	$18.52	$17.00	28.7%	8.2%	7.6%	15.0%	33.4%	-23.9%	4.1%	-148	2.0K	-13	156.59	N/A	N/A	2	3	10