Utilities Utilities Reference Data Updated 2026-05-31

PCG Gamma Exposure, IV Rank & Implied Volatility

PG&E Corporation (PCG) options data — GEX, IV rank, options chain & Greeks

PCG options trade with implied volatility typically in the 18% - 42% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 18.8 /100
IV 40.9%
Simulated data for display · open live PCG on the platform →

An IV rank near 18.8 (the value shown here is illustrative) would mean implied volatility is in roughly the 18.8th percentile of its 1-year range — low IV, premium-buying regime for long calls/puts and debit spreads. For today's live PCG IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 23.24%62.34%

Chart shows simulated data for display purposes. View the real PCG IV history on the live platform →

Comprehensive options market data for PG&E Corporation (PCG).

PCG Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 18% - 42%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
18% - 42%
Market Cap
$40B+
Weeklies
Yes

1 About PG&E Corporation (PCG)

PG&E Corporation provides natural gas and electric service to approximately 16 million people in Northern and Central California. The company is investing in wildfire mitigation.

Company Profile

Sector Utilities
Industry Electric Utilities
Market Cap $40B+
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

PG&E Corporation operates in the Utilities sector.

2 PCG Options Market Overview

PCG options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

PCG options are available for trading across multiple expirations.

3 PCG Implied Volatility & IV Rank

PCG implied volatility is typically low, reflecting the regulated and defensive nature of utility operations. IV may rise during regulatory proceedings.

Low IV Environment
18% - 24%
Below average volatility
Typical IV Range
24% - 36%
Normal conditions
Elevated IV
36% - 42%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short PCG options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

PCG IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View PCG Volatility Lab

PCG Gamma Exposure (GEX)

Gamma Exposure analysis for PCG reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: PCG tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live PCG GEX

4 Common PCG Options Strategies

These are strategies commonly used by traders on PCG options, based on typical market characteristics. This is not investment advice.

Popular for PCG shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on PCG.

Range-bound strategy for PCG between events.

Key Considerations for PCG Options

  • PCG options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: PCG Options

What is PCG's typical implied volatility?

PCG implied volatility typically ranges from 18% - 42%.

Does PCG have weekly options?

PCG offers weekly options.

What is PCG's options trading profile?

PCG (PG&E Corporation) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 18% - 42% range. The position sits in the Utilities category for portfolio diversification and options strategy design.

How does PCG implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on PCG?

Popular strategies on PCG options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 18% - 42% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is PCG's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence PCG's intraday price action. PCG tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live PCG GEX levels and the gamma-flip point on ApexVol.

What is PCG's IV rank?

PCG's IV rank shows where PCG's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. PCG implied volatility typically ranges from 18% - 42%. Check PCG's live IV rank and percentile on ApexVol's IV analytics.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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