PCH Options History — April 2018

In April 2018, PCH traded between $51.15 and $53.33. ATM implied volatility averaged 24.0%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 2.6% (HV 20d: 26.6%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2018-04-18: Highest Volume — 423 contracts
  • 2018-04-09: Largest IV spike — 80.6% change
  • 2018-04-25: Highest IV Rank — 45.1%
  • 2018-04-02: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.53$51.15$53.33$52.13$52.05
Max Pain$50.71$50.00$55.00$55.00$50.00
ATM IV24.0%15.8%32.1%28.9%27.7%
Expected Move7.0%6.0%8.3%8.3%7.9%
HV 20d26.6%16.8%32.0%29.3%17.3%
HV 60d30.7%29.2%32.2%31.8%29.3%
IV Rank23.2%0.0%45.1%19.2%44.1%
IV Percentile54.6%0.4%95.2%87.3%87.7%
Term Structure91.4%-4.0%176.5%-1.5%-3.7%
VWIV24.9%22.0%28.8%24.5%25.9%
Skew 25d4.9%3.8%6.3%5.0%4.0%
Skew 10d14.3%8.8%18.3%17.9%14.1%
Call IV 25d22.8%19.4%26.4%23.9%23.7%
Put IV 25d27.8%25.4%32.3%28.9%27.7%
Bid-Ask Spread %50.3116.8794.4891.1722.08
Gamma HHI0.620.390.910.390.91
Net GEX58.0K-14.9K104.4K10.6K84.7K
Net DEX-563.4K-780.5K-83.7K-339.3K-551.6K
Net VEX-3.4K-3.9K-2.7K-3.6K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.320.780.720.59
Total Volume279.429224423275236
Total OI871.8577781,081778825

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$52.13$55.0028.9%8.3%29.3%19.2%24.5%5.0%-1.5%10.6K-339.3K-3.6K0.7291.17N/AN/A160115460318
2018-04-03$51.15$55.0027.9%8.0%29.6%17.6%26.9%5.9%-1.3%-14.9K-83.7K-3.4K0.7187.55N/AN/A160114460349
2018-04-04$53.00$55.0020.8%6.0%32.0%7.3%22.4%6.3%1.6%31.8K-525.1K-3.5K0.7494.48N/AN/A160118460337
2018-04-05$52.85$50.0015.8%6.3%31.5%0.0%24.4%4.9%158.6%29.7K-500.6K-3.4K0.7459.06N/AN/A160118460335
2018-04-06$52.68$50.0017.8%6.6%31.6%2.9%25.0%4.0%157.0%24.1K-449.2K-3.3K0.7468.80N/AN/A160118460335
2018-04-09$52.45$50.0032.1%8.2%31.5%23.8%24.6%4.7%156.5%19.3K-413.0K-3.2K0.3257.31N/AN/A28592460335
2018-04-10$52.73$50.0019.8%6.8%30.7%5.9%26.1%5.6%164.9%57.9K-638.0K-3.9K0.4955.86N/AN/A18692591337
2018-04-11$52.55$50.0023.8%6.8%30.7%11.7%26.1%5.3%167.2%43.3K-553.2K-3.6K0.4945.08N/AN/A18692570337
2018-04-12$52.55$50.0022.9%6.6%30.7%10.4%23.9%6.0%165.9%43.5K-570.4K-3.5K0.5836.46N/AN/A187108574336
2018-04-13$52.85$50.0022.7%6.5%30.4%25.5%28.8%5.1%169.5%56.7K-516.8K-3.4K0.6061.54N/AN/A168100575356
2018-04-16$52.70$50.0021.9%6.3%29.6%22.6%23.3%5.3%172.3%46.0K-553.5K-3.2K0.6037.22N/AN/A16699576357
2018-04-17$53.15$50.0021.0%6.0%28.9%19.5%22.1%6.0%151.1%69.8K-652.3K-3.2K0.5316.87N/AN/A17090574358
2018-04-18$53.33$50.0021.6%6.2%28.7%21.6%22.0%3.8%154.7%82.9K-704.9K-3.2K0.3437.39N/AN/A316107574358
2018-04-19$52.83$50.0021.7%6.2%28.9%21.8%22.6%5.3%176.5%93.8K-780.5K-3.8K0.3433.43N/AN/A316107718363
2018-04-20$52.48$50.0027.1%7.8%28.2%41.9%25.3%4.4%145.7%84.5K-714.7K-3.5K0.7818.29N/AN/A130102718358
2018-04-23$52.43$50.0027.3%7.8%21.0%42.5%25.1%4.3%-4.0%85.2K-621.8K-3.1K0.5317.76N/AN/A14678610183
2018-04-24$52.10$50.0027.2%7.8%17.3%42.2%26.3%4.6%-3.1%86.1K-622.8K-3.5K0.6276.58N/AN/A14288655183
2018-04-25$52.30$50.0027.9%8.0%17.0%45.1%26.9%4.5%-2.9%91.0K-672.0K-3.3K0.6283.64N/AN/A14288655163
2018-04-26$52.10$50.0027.0%7.7%17.1%41.6%26.2%3.8%-2.9%86.9K-620.9K-3.2K0.6219.91N/AN/A14288655163
2018-04-27$52.65$50.0021.3%6.1%16.8%20.5%24.5%5.2%-1.8%104.4K-746.9K-3.2K0.5936.03N/AN/A14888655163
2018-04-30$52.05$50.0027.7%7.9%17.3%44.1%25.9%4.0%-3.7%84.7K-551.6K-2.7K0.5922.08N/AN/A14888662163