PCEF Options History — February 2025

In February 2025, PCEF traded between $19.34 and $19.89. ATM implied volatility averaged 25.9%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 19.2% (HV 20d: 6.8%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-02-28: Highest Volume — 15 contracts
  • 2025-02-28: Largest IV spike — 184.2% change
  • 2025-02-28: Highest IV Rank — 75.1%
  • 2025-02-28: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.68$19.34$19.89$19.62$19.43
Max Pain$19.53$19.00$20.00$19.00$20.00
ATM IV25.9%18.9%71.1%24.1%71.1%
Expected Move6.9%5.2%20.4%6.9%20.4%
HV 20d6.8%5.3%8.6%8.6%6.4%
HV 60d8.2%8.0%8.5%8.5%8.3%
IV Rank23.1%15.0%75.1%21.0%75.1%
IV Percentile26.9%4.4%97.6%26.6%97.6%
Term Structure6.3%-41.6%20.0%1.8%-41.6%
VWIV38.4%16.3%86.0%35.6%16.3%
Skew 25d10.9%-17.8%43.6%25.1%-3.4%
Skew 10d21.0%-18.8%100.1%24.7%100.1%
Call IV 25d16.8%8.3%35.1%8.9%24.5%
Put IV 25d27.8%12.1%56.2%34.0%21.1%
Bid-Ask Spread %159.48142.99194.44164.41194.44
Gamma HHI0.790.571.000.810.72
Net GEX7.2K2.6K22.1K4.6K7.4K
Net DEX-33.6K-42.0K-3.3K-37.9K-14.7K
Net VEX-148-180-59-179-105
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.526015015
Total OI68.63265716671

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$19.62$19.0024.1%6.9%8.6%21.0%0.0%25.1%1.8%4.6K-37.9K-1790.00164.41N/AN/A005511
2025-02-04$19.69$19.0023.5%6.7%8.2%20.3%0.0%21.2%0.9%5.6K-38.3K-1760.00166.08N/AN/A015511
2025-02-05$19.76$19.0022.9%6.6%8.3%19.6%0.0%18.4%1.0%5.7K-39.6K-1800.00165.53N/AN/A005512
2025-02-06$19.77$19.0024.5%5.2%8.0%21.4%0.0%-2.8%15.4%5.8K-39.9K-1780.00160.94N/AN/A005512
2025-02-07$19.70$19.0025.9%5.4%8.1%23.1%0.0%6.1%15.3%10.9K-27.2K-1500.00158.01N/AN/A105512
2025-02-10$19.73$19.0027.5%5.9%7.3%24.9%35.6%-13.5%15.4%4.9K-40.1K-1730.00156.24N/AN/A025612
2025-02-11$19.77$20.0030.9%5.4%7.1%28.8%0.0%-1.8%14.9%6.0K-37.8K-1700.00161.20N/AN/A005614
2025-02-12$19.71$20.0019.5%5.6%7.3%15.7%0.0%-17.8%15.9%3.9K-38.5K-1720.00163.43N/AN/A005614
2025-02-13$19.81$20.0019.8%5.7%5.6%16.0%0.0%12.6%13.3%13.5K-32.2K-1470.00162.93N/AN/A005614
2025-02-14$19.87$20.0019.4%5.6%5.6%15.6%0.0%13.0%6.7%17.0K-36.5K-1370.00162.57N/AN/A005614
2025-02-18$19.89$20.0020.0%5.7%5.4%16.3%0.0%43.6%5.0%22.1K-35.7K-1230.00160.39N/AN/A015614
2025-02-19$19.89$20.0019.6%5.6%5.3%15.9%0.0%19.0%7.4%4.3K-42.0K-1550.00158.42N/AN/A005615
2025-02-20$19.86$20.0019.4%5.6%5.3%15.5%0.0%23.3%19.8%4.1K-41.0K-1520.00157.90N/AN/A005615
2025-02-21$19.73$20.0018.9%5.4%5.9%15.0%0.0%27.5%20.0%3.4K-35.7K-1480.00151.09N/AN/A005615
2025-02-24$19.52$20.0019.2%5.5%7.0%15.4%0.0%7.8%18.8%3.4K-36.9K-1390.00142.99N/AN/A005412
2025-02-25$19.45$19.0036.7%10.5%6.6%35.5%17.2%3.6%-8.0%5.4K-31.0K-1270.00149.27N/AN/A405411
2025-02-26$19.45$19.0024.9%7.1%6.4%21.9%86.0%30.6%9.2%6.0K-30.7K-1340.00148.90N/AN/A405811
2025-02-27$19.34$19.0025.0%7.2%6.6%22.0%37.0%-4.9%-11.1%2.6K-3.3K-590.00145.40N/AN/A015811
2025-02-28$19.43$20.0071.1%20.4%6.4%75.1%16.3%-3.4%-41.6%7.4K-14.7K-1050.00194.44N/AN/A0155813