PCH Options History — January 2019

In January 2019, PCH traded between $30.63 and $36.67. ATM implied volatility averaged 27.7%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 8.9% (HV 20d: 36.6%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 2.52.

Notable Days

  • 2019-01-16: Highest Volume — 10,058 contracts
  • 2019-01-04: Largest IV drop — 39.6% change
  • 2019-01-03: Highest IV Rank — 55.3%
  • 2019-01-02: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.29$30.63$36.67$30.63$36.67
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV27.7%22.2%40.5%38.1%28.8%
Expected Move8.0%7.2%10.9%10.9%7.4%
HV 20d36.6%22.8%47.9%43.9%22.8%
HV 60d35.9%32.2%37.6%36.6%32.2%
IV Rank29.7%18.7%55.3%50.5%31.9%
IV Percentile65.8%38.5%97.2%94.8%73.0%
Term Structure-1.8%-4.9%-0.6%-3.4%-2.1%
VWIV29.7%21.4%54.1%36.8%21.4%
Skew 25d8.5%1.2%15.0%15.0%5.3%
Skew 10d20.1%2.7%50.6%27.5%12.0%
Call IV 25d24.9%19.6%31.7%31.6%22.6%
Put IV 25d33.4%27.8%46.6%46.6%27.8%
Bid-Ask Spread %101.7893.93109.58104.8993.93
Gamma HHI0.530.460.620.490.62
Net GEX101.7K-46.6K321.7K-45.2K321.7K
Net DEX-1.1M-4.2M1.3M1.3M-4.2M
Net VEX-35.7K-64.3K-2.4K-2.4K-64.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.520.639.009.006.11
Total Volume2,413810,0581064
Total OI6,653.8189711,01889710,940

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$30.63$35.0038.1%10.9%43.9%50.5%36.8%15.0%-3.4%-45.2K1.3M-2.4K9.00104.89N/AN/A19235662
2019-01-03$31.62$35.0040.5%10.4%45.8%55.3%0.0%11.8%-4.9%-46.3K1.1M-2.8K1.5098.78N/AN/A69235669
2019-01-04$32.70$35.0024.4%8.5%47.9%23.2%29.9%6.6%-2.6%-46.6K945.8K-3.0K1.0097.82N/AN/A2222240669
2019-01-07$33.40$35.0027.5%8.1%44.2%29.2%0.0%8.1%-2.0%-37.4K770.4K-3.1K0.6397.42N/AN/A85292672
2019-01-08$33.52$35.0022.2%7.9%42.9%18.7%0.0%7.7%-1.4%-35.1K729.0K-3.1K1.1198.33N/AN/A910300667
2019-01-09$33.44$35.0027.4%7.9%42.3%29.1%0.0%7.5%-1.6%-36.0K755.9K-3.0K1.0097.95N/AN/A1111301668
2019-01-10$34.05$35.0026.2%7.5%42.8%26.6%26.1%8.0%-0.9%-34.5K630.4K-3.1K1.3899.05N/AN/A811301669
2019-01-11$34.00$35.0025.4%7.3%42.8%25.1%25.4%7.9%-0.6%-34.8K660.1K-3.0K1.8898.73N/AN/A815305669
2019-01-14$33.62$35.0026.0%7.5%42.9%26.3%37.1%6.5%-1.1%-42.5K754.7K-2.8K1.0199.89N/AN/A5,0105,037305669
2019-01-15$34.06$35.0025.6%7.3%40.6%25.4%54.1%7.7%-1.2%122.9K-1.4M-59.1K1.01104.92N/AN/A5,0105,0375,3075,706
2019-01-16$34.55$35.0025.7%7.4%36.5%25.8%28.4%9.1%-1.7%163.7K-2.1M-60.6K1.01104.09N/AN/A5,0155,0435,3075,706
2019-01-17$34.86$35.0025.1%7.2%36.5%24.4%27.7%9.6%-1.3%190.6K-2.5M-58.2K1.00107.52N/AN/A5,0155,0125,3125,706
2019-01-18$35.44$35.0025.1%7.2%36.5%24.6%28.0%12.3%-1.5%217.0K-2.7M-61.4K1.00101.44N/AN/A5,0225,0125,3125,704
2019-01-22$34.58$35.0027.0%7.7%31.7%28.3%27.0%10.8%-0.9%147.0K-2.1M-59.4K0.65103.37N/AN/A20135,2695,562
2019-01-23$34.41$35.0026.9%7.7%31.3%28.2%26.9%12.1%-0.8%142.3K-2.0M-59.3K0.65100.36N/AN/A20135,2855,574
2019-01-24$35.34$35.0026.4%7.6%28.4%27.1%26.4%13.2%-0.7%205.6K-2.0M-60.8K1.55101.69N/AN/A11175,2855,574
2019-01-25$35.42$35.0027.4%7.8%27.9%29.0%27.4%5.6%-1.4%216.6K-2.3M-60.6K1.57104.41N/AN/A23365,2925,583
2019-01-28$35.59$35.0028.0%8.0%27.9%30.3%28.0%1.2%-2.3%222.9K-2.7M-57.7K7.00109.58N/AN/A175,3045,615
2019-01-29$35.80$35.0028.1%8.1%26.3%30.5%27.3%7.0%-2.4%241.4K-3.0M-61.2K7.00103.74N/AN/A175,3055,622
2019-01-30$36.41$35.0029.6%8.5%26.5%33.5%27.2%6.4%-3.8%302.0K-3.9M-61.1K5.89109.41N/AN/A9535,3055,627
2019-01-31$36.67$35.0028.8%7.4%22.8%31.9%21.4%5.3%-2.1%321.7K-4.2M-64.3K6.1193.93N/AN/A9555,3055,635