PCH Options History — June 2007

In June 2007, PCH traded between $41.24 and $45.11. ATM implied volatility averaged 22.5%. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 9.1% (HV 20d: 31.6%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2007-06-18: Highest Volume — 110 contracts
  • 2007-06-13: Largest IV spike — 47.4% change
  • 2007-06-12: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.84$41.24$45.11$44.03$43.05
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV22.5%14.3%29.3%19.8%22.4%
Expected Move7.0%5.0%8.4%5.7%6.4%
HV 20d31.6%20.7%37.0%20.7%37.0%
HV 60d24.4%20.2%27.2%20.2%27.2%
Term Structure1.0%-2.4%4.2%3.9%2.0%
VWIV23.2%19.9%28.1%19.9%22.7%
Skew 25d7.4%5.2%10.4%8.1%7.9%
Skew 10d9.7%1.9%22.8%4.2%9.4%
Call IV 25d19.1%15.8%21.8%16.8%18.4%
Put IV 25d26.4%23.6%29.4%25.0%26.3%
Bid-Ask Spread %35.5519.5670.2721.7749.48
Gamma HHI0.720.620.900.820.63
Net GEX63.8K36.6K159.7K90.1K64.6K
Net DEX-561.2K-1.2M-264.8K-791.8K-464.4K
Net VEX-4.1K-5.3K-3.2K-4.0K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.006.360.000.35
Total Volume25.66701102777
Total OI628.571519789540789

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-06-01$44.03$45.0019.8%5.7%20.7%0.0%19.9%8.1%3.9%90.1K-791.8K-4.0K0.0021.77N/AN/A27049050
2007-06-04$45.11$45.0021.3%6.7%22.5%0.0%23.2%9.5%2.0%107.9K-1.2M-4.2K0.0970.27N/AN/A22251750
2007-06-05$43.26$45.0014.3%7.1%26.9%0.0%0.0%9.7%-0.0%79.0K-654.5K-3.8K0.3319.56N/AN/A6252852
2007-06-06$42.37$45.0018.7%8.1%27.8%0.0%0.0%5.6%-2.3%54.4K-522.0K-3.5K0.0019.89N/AN/A2053450
2007-06-07$41.27$45.0026.7%8.1%28.1%0.0%28.1%5.6%-1.1%44.9K-414.8K-3.3K0.1427.97N/AN/A7153650
2007-06-08$41.82$45.0023.3%7.7%28.2%0.0%0.0%6.3%1.5%51.9K-447.0K-3.4K0.0019.68N/AN/A0053751
2007-06-11$42.20$45.0023.1%8.1%27.8%0.0%0.0%7.2%-2.2%46.4K-494.9K-3.3K0.2522.01N/AN/A12353731
2007-06-12$41.24$45.0019.6%8.4%28.2%0.0%0.0%6.7%-1.2%36.6K-363.3K-3.2K0.0030.11N/AN/A0053954
2007-06-13$42.19$45.0028.9%8.2%29.5%0.0%0.0%7.6%1.5%44.3K-415.6K-3.2K0.0023.41N/AN/A02053954
2007-06-14$42.18$45.0029.3%8.4%29.5%0.0%24.0%7.2%-2.4%43.0K-443.9K-3.4K0.0022.09N/AN/A26053974
2007-06-15$44.45$45.0025.2%7.2%34.7%0.0%25.2%10.4%0.6%159.7K-906.7K-4.1K0.0032.75N/AN/A27056574
2007-06-18$43.41$45.0025.4%7.3%35.8%0.0%25.4%8.9%-1.5%56.8K-672.7K-4.0K4.7926.17N/AN/A199144574
2007-06-19$43.20$45.0022.0%6.3%35.4%0.0%22.1%7.0%1.6%53.3K-560.1K-4.5K1.3337.85N/AN/A3040459155
2007-06-20$42.62$45.0017.5%5.0%35.4%0.0%21.2%7.0%4.0%50.5K-469.2K-4.9K0.0036.42N/AN/A150479195
2007-06-21$42.86$45.0021.0%6.0%35.3%0.0%0.0%6.7%3.5%57.7K-506.2K-4.8K0.0034.85N/AN/A00494195
2007-06-22$42.51$45.0020.4%5.9%35.0%0.0%0.0%6.3%4.2%51.8K-401.6K-4.7K0.0042.36N/AN/A50494195
2007-06-25$41.60$45.0027.0%7.7%35.4%0.0%0.0%5.2%1.2%41.6K-264.8K-4.3K0.0056.86N/AN/A30489195
2007-06-26$42.75$45.0022.1%6.3%36.6%0.0%21.9%6.4%2.0%56.0K-441.1K-4.6K0.0041.32N/AN/A90492195
2007-06-27$43.75$45.0022.5%6.5%36.7%0.0%22.5%7.6%1.6%72.9K-691.5K-4.8K0.0055.28N/AN/A120501195
2007-06-28$43.69$45.0022.1%6.3%36.7%0.0%22.1%7.3%2.2%76.8K-696.7K-4.9K6.3656.41N/AN/A1170513195
2007-06-29$43.05$45.0022.4%6.4%37.0%0.0%22.7%7.9%2.0%64.6K-464.4K-5.3K0.3549.48N/AN/A5720524265