PCEF Options History — March 2025

In March 2025, PCEF traded between $18.81 and $19.36. ATM implied volatility averaged 23.8%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 14.9% (HV 20d: 8.9%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-03-26: Highest Volume — 15 contracts
  • 2025-03-10: Largest IV spike — 177.0% change
  • 2025-03-21: Highest IV Rank — 30.3%
  • 2025-03-10: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.04$18.81$19.36$19.36$18.82
Max Pain$20.46$20.00$22.00$20.00$22.00
ATM IV23.8%9.1%32.2%26.9%23.7%
Expected Move5.3%2.6%8.4%7.7%5.1%
HV 20d8.9%6.5%10.2%6.5%9.7%
HV 60d8.8%8.3%9.5%8.3%8.4%
IV Rank20.6%3.7%30.3%24.2%20.5%
IV Percentile32.2%0.8%59.9%38.1%29.0%
Term Structure-5.3%-12.4%15.3%-12.4%-3.2%
VWIV40.7%16.8%64.6%64.6%16.8%
Skew 25d9.7%-4.5%30.9%-4.5%10.1%
Skew 10d10.8%-13.2%23.0%23.0%14.6%
Call IV 25d27.0%8.9%41.4%18.2%10.4%
Put IV 25d36.7%13.7%45.0%13.7%20.5%
Bid-Ask Spread %158.32141.18185.16147.19143.99
Gamma HHI0.680.440.970.500.84
Net GEX-4.3K-24.0K3.2K-603-2.3K
Net DEX18.8K-79038.8K5.5K27.7K
Net VEX-68-111-28-76-84
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.33301520
Total OI70.28613948628

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$19.36$20.0026.9%7.7%6.5%24.2%0.0%-4.5%-12.4%-6035.5K-760.00147.19N/AN/A205828
2025-03-04$19.23$20.0010.1%2.9%6.9%4.8%64.6%1.4%15.3%-8069.7K-860.00150.12N/AN/A015828
2025-03-05$19.31$20.009.1%2.6%6.9%3.7%0.0%4.2%-5.7%3.2K-790-1110.00153.12N/AN/A005828
2025-03-06$19.11$20.0013.0%3.7%7.5%8.2%0.0%17.1%-5.0%-4.3K15.4K-740.00148.32N/AN/A005828
2025-03-07$19.14$20.0010.6%3.1%7.5%5.5%0.0%-1.5%-5.1%-85711.0K-870.00157.01N/AN/A015828
2025-03-10$18.91$20.0029.5%8.4%8.4%27.2%0.0%3.3%-5.7%1.6K11.9K-960.00155.58N/AN/A015829
2025-03-11$18.88$20.0029.7%4.3%8.3%27.5%0.0%4.0%-7.1%-5.7K28.3K-660.00155.77N/AN/A045830
2025-03-12$18.96$20.0029.0%4.1%8.4%26.7%0.0%2.7%-6.0%-7.8K33.8K-670.00153.89N/AN/A105834
2025-03-13$18.81$20.0030.6%4.4%8.7%28.4%0.0%2.6%-7.6%-6.4K38.8K-680.00154.65N/AN/A005934
2025-03-14$18.95$20.0028.8%4.2%9.0%26.4%16.8%3.1%-6.2%-8.3K34.0K-670.00153.07N/AN/A025934
2025-03-17$19.13$22.0029.4%6.7%9.7%27.1%0.0%4.0%-6.8%-7.6K26.7K-620.00164.19N/AN/A005935
2025-03-18$19.02$22.0031.2%6.7%9.8%29.1%0.0%3.2%-9.0%-11.6K32.0K-570.00163.86N/AN/A005935
2025-03-19$19.14$22.0031.0%6.6%10.2%28.9%0.0%3.4%-7.5%-14.7K20.6K-510.00164.25N/AN/A005935
2025-03-20$19.15$0.0030.3%7.6%10.2%28.1%0.0%3.6%-4.1%75320.4K-580.00185.16N/AN/A005935
2025-03-21$19.09$0.0032.2%7.6%10.1%30.3%0.0%30.9%-5.6%-24.0K11.6K-390.00172.51N/AN/A105935
2025-03-24$19.11$0.0018.4%4.8%9.6%14.4%0.0%23.2%-6.4%4655.8K-330.00167.85N/AN/A0076
2025-03-25$19.11$0.0022.2%5.0%9.5%18.8%0.0%30.6%-9.1%4205.5K-350.00169.36N/AN/A0076
2025-03-26$18.96$0.0020.8%4.8%9.8%17.2%0.0%27.1%-6.3%4966.8K-280.00162.01N/AN/A01576
2025-03-27$18.94$0.0021.3%5.0%9.7%17.8%0.0%26.9%-7.9%-23221.2K-1020.00161.75N/AN/A00721
2025-03-28$18.81$0.0021.8%5.4%9.7%18.4%0.0%8.7%0.6%-1.7K28.4K-710.00141.18N/AN/A00721
2025-03-31$18.82$0.0023.7%5.1%9.7%20.5%0.0%10.1%-3.2%-2.3K27.7K-840.00143.99N/AN/A00721