PCH Options History — September 2014

In September 2014, PCH traded between $40.20 and $42.93. ATM implied volatility averaged 36.7%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 23.9% (HV 20d: 12.8%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2014-09-15: Highest Volume — 8 contracts
  • 2014-09-24: Largest IV spike — 95.5% change
  • 2014-09-10: Highest IV Rank — 52.1%
  • 2014-09-29: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.37$40.20$42.93$42.93$40.21
ATM IV36.7%21.4%57.2%31.7%43.6%
Expected Move5.4%4.3%7.1%4.7%5.7%
HV 20d12.8%9.7%16.0%10.5%16.0%
HV 60d12.9%11.7%13.8%11.7%13.8%
IV Rank28.0%10.1%52.1%22.2%36.2%
IV Percentile63.8%15.9%96.8%52.8%82.1%
Term Structure-7.8%-27.6%13.5%13.5%-13.8%
Skew 25d2.9%-12.0%24.7%24.7%-12.0%
Skew 10d7.8%-8.9%30.8%12.9%-8.9%
Call IV 25d35.1%18.5%53.8%18.5%53.8%
Put IV 25d38.1%20.6%51.9%43.2%41.8%
Bid-Ask Spread %122.24100.64129.20126.60128.46
Gamma HHI0.390.340.540.420.36
Net GEX5.1K3.7K8.5K5.4K4.0K
Net DEX-77.2K-131.0K-46.2K-116.9K-55.1K
Net VEX-486-595-408-595-449
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.3810800
Total OI95.76295999595

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$42.93$0.0031.7%4.7%10.5%22.2%0.0%24.7%13.5%5.4K-116.9K-5950.00126.60N/AN/A006233
2014-09-03$42.57$0.0028.4%4.3%10.3%18.3%0.0%-4.7%-0.4%8.5K-131.0K-4800.00110.01N/AN/A006233
2014-09-04$42.44$0.0036.8%4.5%9.7%28.1%0.0%-7.1%-27.6%6.7K-103.8K-5300.00123.38N/AN/A006233
2014-09-05$42.93$0.0034.4%4.8%10.4%25.3%0.0%-8.7%-18.7%6.7K-108.7K-4560.00124.85N/AN/A006233
2014-09-08$42.76$0.0035.0%5.1%10.4%26.0%0.0%0.2%-4.6%8.1K-115.3K-4280.00100.64N/AN/A006233
2014-09-09$42.30$0.0046.4%6.4%10.0%39.5%0.0%13.3%-6.7%5.5K-93.5K-4320.00112.50N/AN/A006233
2014-09-10$41.92$0.0057.2%5.3%10.0%52.1%0.0%4.8%-11.1%5.3K-90.9K-5330.00126.50N/AN/A006233
2014-09-11$41.70$0.0035.2%5.3%10.0%26.3%0.0%4.4%-7.3%4.9K-85.2K-5460.00126.67N/AN/A006233
2014-09-12$40.59$0.0033.6%5.6%13.7%24.4%0.0%3.8%-6.9%4.4K-64.7K-5240.00124.16N/AN/A006233
2014-09-15$40.78$0.0036.0%5.3%13.7%27.2%0.0%-7.5%-5.7%4.1K-63.8K-4980.00129.20N/AN/A086233
2014-09-16$41.27$0.0035.6%5.0%14.3%26.7%0.0%5.1%-5.3%4.0K-60.0K-4590.00123.30N/AN/A006237
2014-09-17$41.06$0.0027.2%6.0%13.6%16.8%0.0%7.5%-1.6%4.5K-57.2K-5310.00124.00N/AN/A006237
2014-09-18$40.94$0.0037.6%5.3%13.5%29.1%0.0%4.5%-8.5%4.2K-58.5K-5180.00128.22N/AN/A006237
2014-09-19$41.09$0.0037.0%6.1%13.6%28.4%0.0%4.7%-8.2%4.7K-61.4K-5090.00122.42N/AN/A006237
2014-09-22$40.82$0.0041.1%5.4%13.7%33.2%0.0%3.4%-12.0%4.2K-69.9K-5080.00127.55N/AN/A006233
2014-09-23$40.23$0.0021.4%6.1%14.2%10.1%0.0%-0.7%2.7%3.7K-46.2K-4080.00112.02N/AN/A006233
2014-09-24$40.56$0.0041.9%5.9%14.7%34.2%0.0%-5.2%-9.0%4.4K-62.2K-4650.00126.00N/AN/A006233
2014-09-25$40.20$0.0040.5%5.7%14.9%32.5%0.0%19.0%-11.3%4.1K-50.0K-4450.00127.03N/AN/A006233
2014-09-26$40.55$0.0039.5%4.8%15.4%31.3%0.0%8.8%-11.0%4.5K-60.6K-4570.00125.53N/AN/A006233
2014-09-29$40.82$0.0029.5%7.1%15.7%19.6%0.0%3.3%-10.3%4.9K-66.9K-4380.00117.94N/AN/A006233
2014-09-30$40.21$0.0043.6%5.7%16.0%36.2%0.0%-12.0%-13.8%4.0K-55.1K-4490.00128.46N/AN/A006233