PCH Options History — April 2016

In April 2016, PCH traded between $31.65 and $35.59. ATM implied volatility averaged 33.6%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 9.3% (HV 20d: 24.3%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.02.

Notable Days

  • 2016-04-29: Highest Volume — 331 contracts
  • 2016-04-07: Largest IV spike — 112.5% change
  • 2016-04-12: Highest IV Rank — 48.8%
  • 2016-04-27: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.45$31.65$35.59$32.01$35.28
Max Pain$30.71$30.00$35.00$30.00$35.00
ATM IV33.6%16.1%95.4%31.1%29.2%
Expected Move7.3%4.6%12.2%8.9%8.4%
HV 20d24.3%16.7%33.3%33.0%18.7%
HV 60d32.4%27.0%36.8%36.8%27.0%
IV Rank10.7%0.0%48.8%9.1%8.1%
IV Percentile37.3%0.0%96.4%40.1%37.3%
Term Structure1.3%-21.9%29.9%-21.9%4.5%
VWIV22.5%14.3%39.5%24.7%32.7%
Skew 25d6.8%-6.1%32.8%5.0%7.4%
Skew 10d11.5%-1.1%48.4%8.6%11.9%
Call IV 25d22.0%15.7%46.4%26.9%25.0%
Put IV 25d28.8%18.5%52.2%31.8%32.4%
Bid-Ask Spread %119.59109.61132.82132.82114.55
Gamma HHI0.700.470.920.480.90
Net GEX64.1K18.4K147.8K19.8K88.6K
Net DEX-728.1K-1.4M-298.2K-309.3K-1.2M
Net VEX-2.3K-4.4K-1.3K-1.5K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.282.431.471.25
Total Volume160.3818933189331
Total OI564.19343910343910

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-04-01$32.01$30.0031.1%8.9%33.0%9.1%24.7%5.0%-21.9%19.8K-309.3K-1.5K1.47132.82N/AN/A365326380
2016-04-04$32.14$30.0029.4%6.2%32.6%8.0%22.3%4.0%7.0%22.0K-365.2K-1.3K1.47120.12N/AN/A365326480
2016-04-05$31.65$30.0060.5%7.5%33.3%27.3%20.0%8.9%-3.1%18.4K-298.2K-1.4K1.47109.61N/AN/A365326480
2016-04-06$31.86$30.0026.2%7.4%33.0%6.1%19.2%11.8%-0.2%19.1K-320.6K-1.5K1.43121.13N/AN/A375326480
2016-04-07$31.71$30.0055.6%6.9%31.1%24.2%27.1%2.0%2.3%18.9K-306.0K-1.5K0.88112.73N/AN/A726326780
2016-04-08$32.17$30.0035.7%7.2%31.2%11.9%16.3%11.9%1.7%22.9K-326.5K-1.6K0.88116.52N/AN/A726331790
2016-04-11$32.47$30.0048.1%6.9%29.9%19.6%15.1%13.4%4.0%25.4K-345.1K-1.6K0.88123.29N/AN/A726331790
2016-04-12$32.77$30.0095.4%9.1%24.7%48.8%20.8%9.3%-1.2%28.6K-400.0K-1.7K0.90124.33N/AN/A706331790
2016-04-13$33.13$30.0031.4%9.0%24.4%9.3%20.4%4.3%-1.0%29.9K-419.0K-1.7K0.90125.24N/AN/A706332190
2016-04-14$33.40$30.0024.2%6.9%24.2%4.9%18.4%6.1%3.8%37.3K-484.1K-1.7K0.28120.07N/AN/A2256332190
2016-04-15$33.71$30.0035.4%10.1%23.6%11.7%25.6%-6.1%-6.0%60.9K-675.8K-2.5K0.48118.68N/AN/A1316352190
2016-04-18$33.92$30.0020.4%5.9%20.9%2.5%22.2%28.0%29.9%91.3K-858.3K-2.9K0.44115.81N/AN/A1315863485
2016-04-19$34.16$30.0016.1%4.6%20.6%0.0%14.3%3.6%2.1%147.8K-1.0M-2.7K0.41128.13N/AN/A1405863485
2016-04-20$33.91$30.0017.7%5.1%20.9%1.0%20.0%-1.8%-0.7%105.8K-981.9K-3.0K0.41113.19N/AN/A1405864385
2016-04-21$33.99$30.0019.6%5.6%17.9%2.2%21.4%-1.1%-0.8%101.2K-967.6K-3.1K0.57117.41N/AN/A1015864385
2016-04-22$34.20$30.0021.9%6.3%16.7%3.6%21.7%-0.1%-0.6%102.1K-1.0M-3.1K0.57116.22N/AN/A1015864385
2016-04-25$33.80$30.0019.9%5.7%17.9%2.3%22.1%-1.7%-3.2%105.2K-1.0M-2.7K0.57118.86N/AN/A1015864385
2016-04-26$35.19$30.0020.3%5.8%18.1%2.6%23.8%32.8%6.5%146.6K-1.3M-3.0K2.43121.13N/AN/A307364385
2016-04-27$35.59$35.0042.7%12.2%18.1%16.4%39.5%1.8%8.3%46.5K-1.3M-3.2K2.15128.22N/AN/A3473641100
2016-04-28$35.32$35.0024.5%7.0%18.7%5.2%25.4%3.1%-4.6%107.5K-1.4M-2.9K1.63113.38N/AN/A97158643100
2016-04-29$35.28$35.0029.2%8.4%18.7%8.1%32.7%7.4%4.5%88.6K-1.2M-4.4K1.25114.55N/AN/A147184700210