PCEF Options History — June 2025

In June 2025, PCEF traded between $19.05 and $19.55. ATM implied volatility averaged 21.1%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 14.7% (HV 20d: 6.4%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 2.00.

Notable Days

2025-06-04: Highest Volume — 5 contracts
2025-06-06: Largest IV spike — 139.0% change
2025-06-10: Highest IV Rank — 26.1%
2025-06-06: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.25	$19.05	$19.55	$19.05	$19.55
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	21.1%	9.8%	31.3%	10.3%	21.7%
Expected Move	6.1%	2.8%	8.8%	2.9%	6.2%
HV 20d	6.4%	4.7%	8.3%	8.3%	5.2%
HV 60d	22.9%	22.8%	23.1%	23.1%	22.8%
IV Rank	15.7%	4.0%	26.1%	4.5%	16.3%
IV Percentile	28.1%	3.6%	65.9%	4.4%	23.8%
Term Structure	0.1%	-20.7%	80.3%	80.3%	22.0%
VWIV	35.3%	35.3%	35.3%	35.3%	35.3%
Skew 25d	9.2%	-13.5%	91.3%	91.3%	14.4%
Skew 10d	35.1%	1.9%	158.4%	158.4%	38.9%
Call IV 25d	28.6%	8.2%	39.3%	9.6%	8.2%
Put IV 25d	37.9%	21.8%	100.9%	100.9%	22.6%
Bid-Ask Spread %	161.42	138.72	169.07	147.29	157.80
Gamma HHI	0.49	0.45	0.61	0.45	0.57
Net GEX	329	-396	1.4K	-153	1.4K
Net DEX	6.9K	-4.8K	16.7K	5.8K	-4.7K
Net VEX	-121	-143	-91	-143	-99
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.00	0.00	4.00	4.00	0.00
Total Volume	0.55	0	5	0	0
Total OI	49.3	37	56	52	37

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$19.05	$20.00	10.3%	2.9%	8.3%	4.5%	0.0%	91.3%	80.3%	-153	5.8K	-143	0.00	147.29	N/A	N/A	0	0	25	27
2025-06-03	$19.09	$20.00	9.8%	2.8%	8.3%	4.0%	0.0%	16.6%	18.5%	-267	9.6K	-135	0.00	147.43	N/A	N/A	0	0	25	27
2025-06-04	$19.16	$20.00	12.3%	3.5%	8.0%	6.6%	35.3%	12.4%	9.5%	-28	9.6K	-134	4.00	138.72	N/A	N/A	1	4	25	27
2025-06-05	$19.14	$20.00	11.1%	8.6%	8.0%	5.4%	0.0%	3.3%	-4.0%	-98	8.1K	-138	0.00	168.56	N/A	N/A	0	2	26	27
2025-06-06	$19.20	$20.00	26.5%	8.8%	8.0%	21.2%	0.0%	3.1%	-6.0%	164	8.3K	-142	0.00	169.07	N/A	N/A	0	2	26	28
2025-06-09	$19.19	$20.00	29.0%	5.8%	7.9%	23.8%	0.0%	3.1%	-4.8%	81	12.5K	-138	0.00	168.39	N/A	N/A	0	0	26	30
2025-06-10	$19.24	$20.00	31.3%	6.0%	6.5%	26.1%	0.0%	1.7%	-18.6%	25	11.5K	-136	0.00	168.38	N/A	N/A	0	0	26	30
2025-06-11	$19.29	$20.00	21.6%	6.2%	6.5%	16.1%	0.0%	3.4%	-19.8%	68	10.8K	-136	0.00	168.49	N/A	N/A	0	0	26	30
2025-06-12	$19.33	$20.00	21.8%	6.2%	6.5%	16.4%	0.0%	1.8%	-20.0%	78	10.1K	-134	0.00	167.04	N/A	N/A	0	0	26	30
2025-06-13	$19.25	$20.00	23.7%	6.8%	6.7%	18.3%	0.0%	-4.6%	-18.6%	689	16.7K	-122	0.00	160.33	N/A	N/A	0	0	26	30
2025-06-16	$19.31	$20.00	22.6%	6.5%	6.7%	17.2%	0.0%	2.8%	-20.7%	44	10.9K	-126	0.00	166.00	N/A	N/A	0	1	26	30
2025-06-17	$19.22	$20.00	22.5%	6.5%	5.8%	17.1%	0.0%	3.5%	-20.5%	-396	12.3K	-115	0.00	166.96	N/A	N/A	0	0	26	29
2025-06-18	$19.23	$20.00	22.3%	6.4%	5.8%	16.9%	0.0%	3.8%	46.3%	79	12.1K	-116	0.00	167.97	N/A	N/A	1	0	26	29
2025-06-20	$19.20	$20.00	22.5%	6.5%	4.7%	17.1%	0.0%	4.0%	-6.9%	477	9.1K	-107	0.00	165.35	N/A	N/A	0	0	26	29
2025-06-23	$19.10	$20.00	20.6%	5.9%	5.2%	15.2%	0.0%	8.2%	-5.4%	694	320	-104	0.00	164.13	N/A	N/A	0	0	21	16
2025-06-24	$19.22	$20.00	23.4%	6.7%	5.5%	18.1%	0.0%	-13.5%	-6.6%	1.4K	5.0K	-91	0.00	151.77	N/A	N/A	0	0	21	16
2025-06-25	$19.30	$20.00	22.4%	6.4%	5.1%	17.0%	0.0%	10.3%	-7.5%	715	-2.1K	-102	0.00	163.20	N/A	N/A	0	0	21	16
2025-06-26	$19.39	$20.00	22.6%	6.5%	5.1%	17.2%	0.0%	9.4%	-7.5%	815	-3.3K	-101	0.00	161.13	N/A	N/A	0	0	21	16
2025-06-27	$19.46	$20.00	24.3%	7.0%	5.1%	18.9%	0.0%	9.8%	-8.6%	812	-4.8K	-103	0.00	160.38	N/A	N/A	0	0	21	16
2025-06-30	$19.55	$20.00	21.7%	6.2%	5.2%	16.3%	0.0%	14.4%	22.0%	1.4K	-4.7K	-99	0.00	157.80	N/A	N/A	0	0	21	16