PCH Options History — December 2018

In December 2018, PCH traded between $29.21 and $37.50. ATM implied volatility averaged 35.8%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 3.3% (HV 20d: 32.5%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 4.84.

Notable Days

  • 2018-12-24: Highest Volume — 161 contracts
  • 2018-12-17: Largest IV spike — 35.0% change
  • 2018-12-24: Highest IV Rank — 58.4%
  • 2018-12-24: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.28$29.21$37.50$36.66$31.53
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV35.8%26.5%42.1%29.8%39.0%
Expected Move9.9%7.6%12.1%8.5%11.2%
HV 20d32.5%18.5%43.3%18.7%43.3%
HV 60d36.1%33.9%37.8%33.9%36.3%
IV Rank45.9%27.2%58.4%33.8%52.2%
IV Percentile92.6%67.9%98.4%84.5%96.0%
Term Structure-2.5%-6.0%0.7%-4.0%-4.4%
VWIV34.6%22.9%47.8%32.5%33.3%
Skew 25d8.2%-0.1%17.8%-0.1%4.6%
Skew 10d15.9%0.1%28.5%0.1%6.6%
Call IV 25d31.2%22.2%44.6%30.0%34.5%
Put IV 25d39.4%27.9%50.9%29.8%39.1%
Bid-Ask Spread %93.1379.28105.3379.28105.33
Gamma HHI0.600.450.860.580.46
Net GEX-53.1K-99.7K-27.6K-42.1K-45.8K
Net DEX1.2M131.5K2.0M327.1K1.1M
Net VEX-3.8K-5.3K-2.4K-4.3K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.840.0015.630.250.00
Total Volume40.551161101
Total OI1,098.058901,2821,021897

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$36.66$35.0029.8%8.5%18.7%33.8%0.0%-0.1%-4.0%-42.1K327.1K-4.3K0.2579.28N/AN/A82353668
2018-12-04$35.76$35.0032.6%9.4%20.6%39.6%32.5%12.1%-5.5%-47.9K571.2K-4.5K2.4486.86N/AN/A922293669
2018-12-05$35.60$35.0033.3%9.5%18.5%40.8%33.0%14.3%-6.0%-45.7K570.4K-4.5K2.4488.59N/AN/A922293669
2018-12-06$37.50$35.0034.5%8.1%26.3%43.2%22.9%4.7%-0.6%-27.6K131.5K-4.3K4.3385.42N/AN/A313361670
2018-12-07$36.22$35.0033.6%8.0%29.3%41.5%27.2%6.4%0.1%-42.8K429.7K-4.4K2.1494.51N/AN/A715292656
2018-12-10$35.37$35.0036.8%8.5%30.3%47.8%0.0%6.9%-0.3%-77.2K1.0M-5.3K9.0092.49N/AN/A19359901
2018-12-11$35.02$35.0035.1%8.3%29.3%44.5%0.0%5.0%0.3%-82.2K1.2M-5.1K9.5093.48N/AN/A219360902
2018-12-12$35.06$35.0027.8%8.0%29.3%29.9%0.0%12.2%0.2%-89.0K1.2M-5.0K9.50101.83N/AN/A219360902
2018-12-13$35.18$35.0026.5%7.6%28.9%27.2%26.5%11.6%0.7%-99.7K1.2M-4.8K9.67102.24N/AN/A329361902
2018-12-14$33.75$35.0027.8%8.0%31.6%29.9%27.6%8.8%0.2%-75.1K1.7M-4.4K9.8092.95N/AN/A549361907
2018-12-17$32.15$35.0037.5%10.8%35.3%49.3%30.7%5.4%-1.8%-53.6K1.8M-3.6K3.0091.84N/AN/A26361887
2018-12-18$32.42$35.0038.6%11.1%34.9%51.6%30.9%6.9%-2.7%-55.9K1.8M-3.7K0.4392.87N/AN/A146361887
2018-12-19$32.19$35.0037.7%10.8%34.6%49.7%29.8%6.6%-3.0%-52.5K1.9M-3.4K0.4394.51N/AN/A146362887
2018-12-20$30.54$35.0040.5%11.6%38.2%55.2%40.6%8.6%-4.1%-34.9K1.8M-2.7K8.8690.36N/AN/A14124362802
2018-12-21$30.18$35.0039.7%11.4%38.2%53.7%39.8%8.0%-2.9%-40.5K2.0M-2.9K15.6396.52N/AN/A8125362920
2018-12-24$29.21$35.0042.1%12.1%38.9%58.4%42.1%6.0%-4.0%-32.9K1.4M-2.4K7.0582.79N/AN/A20141297648
2018-12-26$29.94$35.0042.0%12.1%40.6%58.4%45.4%17.8%-4.6%-36.4K1.3M-2.6K0.7199.57N/AN/A1712240650
2018-12-27$30.15$35.0041.8%12.0%40.4%57.9%47.8%9.2%-4.2%-37.9K1.3M-2.6K1.0093.12N/AN/A1212240662
2018-12-28$31.18$35.0039.6%11.4%42.7%53.5%43.1%8.9%-3.5%-43.1K1.2M-2.8K0.7198.13N/AN/A1712235662
2018-12-31$31.53$35.0039.0%11.2%43.3%52.2%33.3%4.6%-4.4%-45.8K1.1M-2.7K0.00105.33N/AN/A10235662