PCEF Options History — March 2026

In March 2026, PCEF traded between $18.30 and $20.05. ATM implied volatility averaged 203.0%, placing in the 53.1% IV rank vs the trailing year. The 30-day expected move averaged 33.3%. IV traded above realized volatility by 191.6% (HV 20d: 11.4%). Max pain ranged from $19.00 to $21.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2026-03-20: Highest Volume — 13 contracts
  • 2026-03-16: Largest IV spike — 1540.2% change
  • 2026-03-16: Highest IV Rank — 100.0%
  • 2026-03-30: Largest Expected Move — 128.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.23$18.30$20.05$20.05$18.87
Max Pain$20.50$19.00$21.00$19.00$21.00
ATM IV203.0%22.5%489.7%36.7%363.1%
Expected Move33.3%5.8%128.5%10.5%104.1%
HV 20d11.4%7.4%19.3%7.4%19.3%
HV 60d8.8%6.6%12.7%6.6%12.7%
IV Rank53.1%9.6%100.0%16.6%80.9%
IV Percentile78.8%26.2%100.0%74.2%98.8%
Term Structure-6.8%-19.8%13.3%-9.6%-17.8%
VWIV72.9%36.3%139.4%36.3%139.4%
Skew 25d4.3%-31.5%27.1%-17.3%7.3%
Skew 10d11.7%-12.5%20.5%2.0%14.5%
Call IV 25d35.7%11.6%61.8%30.4%51.2%
Put IV 25d40.0%10.9%69.4%13.1%58.4%
Bid-Ask Spread %94.9350.90153.19153.1950.90
Gamma HHI0.450.340.560.480.34
Net GEX258-3191.8K655-280
Net DEX5.9K-7.2K25.9K-7.2K8.2K
Net VEX-40-67-10-67-25
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.10501300
Total OI27.421540357

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$20.05$19.0036.7%10.5%7.4%16.6%0.0%-17.3%-9.6%655-7.2K-670.00153.19N/AN/A001718
2026-03-03$19.84$19.0037.2%10.7%8.2%16.9%0.0%-31.5%-9.0%735-4.9K-650.00152.05N/AN/A001718
2026-03-04$19.91$19.0022.5%6.4%8.3%9.6%0.0%-13.7%3.4%1.1K-6.7K-610.00153.13N/AN/A001718
2026-03-05$19.76$0.0031.0%5.8%8.7%13.8%0.0%6.5%13.3%770-3.7K-620.00135.12N/AN/A001718
2026-03-06$19.48$0.0033.0%10.1%9.8%14.8%36.3%27.1%-6.7%1.8K2.9K-390.00138.03N/AN/A011718
2026-03-09$19.34$21.0032.3%9.8%9.5%14.5%43.0%26.7%3.6%4333.2K-560.00138.38N/AN/A031719
2026-03-10$19.48$21.0049.5%9.5%9.5%23.0%0.0%19.0%-10.8%3596.4K-580.00137.11N/AN/A001722
2026-03-11$19.52$21.0028.7%8.2%9.6%12.7%0.0%7.3%3.6%3435.0K-570.00138.25N/AN/A001722
2026-03-12$19.30$21.0036.1%0.0%10.0%16.3%0.0%5.9%-7.2%1698.1K-530.0063.12N/AN/A001722
2026-03-13$19.19$21.0027.6%7.4%10.1%12.2%0.0%2.4%-11.2%8210.3K-490.0062.01N/AN/A011722
2026-03-16$19.34$21.00453.2%10.5%10.6%100.0%0.0%6.2%-7.8%-31914.7K-330.0063.37N/AN/A001723
2026-03-18$19.32$21.00452.6%10.3%10.6%100.0%0.0%6.8%-7.2%37112.0K-370.0061.53N/AN/A001723
2026-03-20$18.82$21.00160.7%15.0%13.4%78.1%0.0%7.6%-19.8%-24325.9K-220.0081.07N/AN/A0131723
2026-03-23$18.88$21.00350.6%10.8%13.6%100.0%0.0%8.0%-6.7%-2999.9K-190.0052.67N/AN/A0007
2026-03-25$19.00$0.00489.7%11.2%13.9%100.0%0.0%1.1%-8.5%-2076.5K-170.0060.16N/AN/A0005
2026-03-26$18.69$0.00371.9%106.6%14.3%100.0%139.4%3.2%-6.4%-2066.9K-150.0053.13N/AN/A1005
2026-03-27$18.36$0.00432.4%124.0%14.9%100.0%0.0%5.8%-9.8%-1857.1K-140.0055.14N/AN/A0005
2026-03-30$18.30$0.00448.1%128.5%14.6%100.0%0.0%3.4%-14.2%-1697.6K-100.0055.34N/AN/A0205
2026-03-31$18.87$0.00363.1%104.1%19.3%80.9%0.0%7.3%-17.8%-2808.2K-250.0050.90N/AN/A0007