PCH Options History — June 2018

In June 2018, PCH traded between $47.55 and $52.28. ATM implied volatility averaged 18.3%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 1.5% (HV 20d: 19.9%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.36.

Notable Days

  • 2018-06-01: Highest Volume — 724 contracts
  • 2018-06-13: Largest IV drop — 34.3% change
  • 2018-06-12: Highest IV Rank — 40.4%
  • 2018-06-28: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.50$47.55$52.28$51.15$50.93
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV18.3%15.8%25.9%17.8%18.5%
Expected Move5.0%4.7%6.0%5.1%5.3%
HV 20d19.9%15.3%28.4%28.4%23.7%
HV 60d23.3%21.3%24.8%24.8%21.7%
IV Rank13.9%5.2%40.4%12.1%14.5%
IV Percentile17.5%2.8%78.6%11.1%18.7%
Term Structure1.4%-0.6%2.6%-0.5%1.6%
VWIV16.4%12.6%21.3%17.8%14.7%
Skew 25d4.5%1.2%8.8%3.1%8.4%
Skew 10d8.9%3.1%16.8%5.2%16.8%
Call IV 25d15.8%12.4%21.0%15.2%13.6%
Put IV 25d20.3%16.7%26.2%18.3%22.0%
Bid-Ask Spread %44.5420.03110.6787.7622.67
Gamma HHI0.460.380.610.540.46
Net GEX47.5K-47.5K80.4K80.4K51.6K
Net DEX-820.3K-1.3M76.5K-1.0M-1.1M
Net VEX-5.0K-5.5K-3.9K-4.8K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.952.070.951.58
Total Volume497.524428724724452
Total OI1,103.9059531,1809531,180

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-06-01$51.15$50.0017.8%5.1%28.4%12.1%17.8%3.1%-0.5%80.4K-1.0M-4.8K0.9587.76N/AN/A372352546407
2018-06-04$51.50$50.0019.0%5.0%19.8%16.2%16.9%3.4%1.3%69.4K-1.0M-5.4K1.1556.92N/AN/A293338596479
2018-06-05$51.68$50.0019.6%4.9%19.8%18.2%16.4%2.8%1.6%68.3K-1.1M-5.3K1.4026.09N/AN/A255356597499
2018-06-06$51.40$50.0017.5%4.9%18.5%11.0%16.5%2.1%1.5%55.5K-1.1M-5.2K1.6825.80N/AN/A212356579518
2018-06-07$51.55$50.0015.8%4.9%18.4%5.2%16.1%2.5%2.1%57.0K-1.1M-5.3K2.0727.13N/AN/A170352574518
2018-06-08$51.83$50.0017.7%4.9%18.4%11.6%14.9%1.9%1.4%62.8K-1.2M-5.1K1.7027.92N/AN/A164279583530
2018-06-11$52.05$50.0020.6%5.2%17.0%22.0%16.8%1.2%1.9%66.7K-1.3M-5.2K1.4628.92N/AN/A191279585532
2018-06-12$52.28$50.0025.9%5.0%15.3%40.4%14.5%2.0%2.6%70.9K-1.3M-5.4K1.5121.49N/AN/A185280590524
2018-06-13$51.43$50.0017.0%4.9%15.7%9.2%15.8%2.4%1.7%54.6K-1.1M-5.1K1.4431.98N/AN/A194280588528
2018-06-14$50.30$50.0016.4%4.7%18.4%7.1%18.4%1.3%1.8%25.0K-740.0K-5.1K1.4271.27N/AN/A189269583528
2018-06-15$50.05$50.0016.6%4.8%18.6%7.9%12.9%7.1%1.9%-47.5K-656.8K-5.0K1.4337.85N/AN/A189270584533
2018-06-18$50.50$50.0017.0%4.9%16.2%9.2%12.6%7.9%1.7%52.6K-797.0K-5.0K1.2649.63N/AN/A189239576501
2018-06-19$50.30$50.0017.1%4.9%16.0%9.4%13.7%7.6%1.9%51.3K-743.0K-4.9K1.2074.66N/AN/A200239578500
2018-06-20$48.78$50.0017.2%4.9%18.8%9.7%16.5%5.9%1.5%36.5K-253.2K-4.5K1.2234.26N/AN/A196239584500
2018-06-21$47.55$50.0018.6%5.3%20.6%14.8%19.0%3.4%0.8%24.6K76.5K-3.9K1.1138.35N/AN/A220244585500
2018-06-22$48.30$50.0017.0%4.9%21.3%9.3%17.6%4.5%1.9%37.6K-190.3K-4.5K1.1120.03N/AN/A220244617493
2018-06-25$48.75$50.0018.4%5.3%21.0%14.1%17.9%5.7%1.3%42.1K-350.4K-4.6K1.0760.60N/AN/A227244617493
2018-06-26$50.23$50.0018.7%5.4%23.7%15.2%16.3%8.8%0.6%59.9K-829.7K-5.0K1.3253.04N/AN/A197261624493
2018-06-27$49.85$50.0017.7%5.1%23.7%11.6%17.1%7.5%1.7%35.9K-606.7K-5.1K1.2628.18N/AN/A223282625536
2018-06-28$50.10$50.0021.0%6.0%23.7%23.4%21.3%5.1%-0.6%42.6K-771.9K-5.5K1.27110.67N/AN/A223284643536
2018-06-29$50.93$50.0018.5%5.3%23.7%14.5%14.7%8.4%1.6%51.6K-1.1M-5.3K1.5822.67N/AN/A175277643537