PCH Options History — February 2019

In February 2019, PCH traded between $35.19 and $37.90. ATM implied volatility averaged 28.0%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 5.1% (HV 20d: 22.9%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.79.

Notable Days

  • 2019-02-04: Highest Volume — 275 contracts
  • 2019-02-04: Largest IV spike — 44.3% change
  • 2019-02-04: Highest IV Rank — 62.3%
  • 2019-02-04: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.47$35.19$37.90$37.44$36.10
Max Pain$36.58$35.00$40.00$35.00$35.00
ATM IV28.0%22.5%44.0%30.5%25.6%
Expected Move7.5%6.4%9.1%7.6%7.3%
HV 20d22.9%19.6%25.5%21.6%25.5%
HV 60d32.7%32.1%33.7%32.5%33.7%
IV Rank30.3%19.2%62.3%35.3%25.5%
IV Percentile63.5%36.5%99.2%82.1%54.0%
Term Structure-1.3%-13.7%10.9%-3.4%-2.9%
VWIV23.9%13.5%37.2%20.2%25.4%
Skew 25d7.3%-8.0%15.3%3.9%1.3%
Skew 10d15.8%3.2%60.8%14.4%3.2%
Call IV 25d21.4%15.5%27.5%21.2%24.6%
Put IV 25d28.7%17.7%41.3%25.0%25.9%
Bid-Ask Spread %95.6073.88126.5693.4399.33
Gamma HHI0.650.440.940.700.61
Net GEX302.0K114.4K469.4K370.3K288.3K
Net DEX-4.5M-7.3M-2.0M-6.4M-3.3M
Net VEX-58.5K-69.6K-46.4K-61.5K-54.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.790.0011.000.5411.00
Total Volume102.47413275182168
Total OI10,910.78910,41211,28110,94310,641

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$37.44$35.0030.5%7.6%21.6%35.3%20.2%3.9%-3.4%370.3K-6.4M-61.5K0.5493.43N/AN/A118645,3065,637
2019-02-04$37.26$35.0044.0%9.1%19.9%62.3%25.6%5.3%-5.4%329.7K-5.9M-69.6K0.4591.38N/AN/A190855,3885,652
2019-02-05$37.90$35.0040.5%6.4%19.6%55.2%26.1%4.9%1.2%399.8K-7.2M-69.5K0.3595.49N/AN/A97345,5515,730
2019-02-06$37.26$40.0027.7%7.9%21.2%29.7%21.7%4.2%-2.9%353.7K-5.8M-67.0K0.2096.81N/AN/A3065,5305,702
2019-02-07$36.38$40.0026.8%7.7%23.5%27.8%22.0%7.2%-1.2%272.9K-4.1M-65.4K2.9494.11N/AN/A31915,5305,703
2019-02-08$35.85$40.0026.7%7.6%23.8%27.6%13.5%15.3%-1.4%227.7K-3.2M-61.6K1.1373.88N/AN/A39445,5315,658
2019-02-11$35.48$40.0026.7%7.6%24.2%27.6%22.4%10.9%-1.3%185.3K-2.5M-57.4K2.1492.79N/AN/A14305,5385,652
2019-02-12$35.32$40.0025.4%7.3%23.9%25.1%23.4%8.6%-0.8%163.5K-2.5M-57.1K1.00105.20N/AN/A15155,5415,682
2019-02-13$35.38$40.0025.5%7.3%23.5%25.3%25.4%8.8%-0.6%166.9K-3.3M-55.3K0.3592.34N/AN/A43155,5415,674
2019-02-14$35.19$35.0025.8%7.4%23.2%25.9%27.0%6.8%-2.2%114.4K-2.0M-54.2K0.40104.01N/AN/A43175,5515,666
2019-02-15$35.32$35.0024.9%7.1%23.0%24.0%24.9%8.6%-0.6%239.3K-3.0M-55.9K0.35103.67N/AN/A69245,5515,669
2019-02-19$36.18$35.0025.9%7.4%23.9%26.0%18.4%5.5%-2.0%308.9K-3.6M-56.8K0.0083.65N/AN/A10205,2175,195
2019-02-20$36.89$35.0025.8%7.4%22.7%25.9%25.3%10.9%-1.8%378.8K-4.6M-58.8K0.0998.04N/AN/A126115,2915,195
2019-02-21$36.68$35.0027.4%7.9%22.7%29.1%27.5%13.8%10.9%354.2K-5.7M-47.5K0.10126.56N/AN/A115115,3275,206
2019-02-22$36.96$35.0025.4%7.3%21.0%25.1%23.1%12.3%-1.9%379.3K-4.7M-61.8K0.6176.86N/AN/A54335,3085,228
2019-02-25$37.78$35.0022.5%6.4%22.2%19.2%37.2%12.1%8.5%469.4K-7.3M-52.6K0.0081.42N/AN/A1305,3065,228
2019-02-26$36.67$35.0027.2%7.8%25.1%28.7%27.2%5.9%-3.6%362.9K-4.1M-58.0K1.2997.63N/AN/A14185,3115,228
2019-02-27$36.85$35.0028.4%8.1%25.1%31.1%17.9%-8.0%-13.7%372.1K-5.9M-46.4K11.00109.75N/AN/A141545,3115,330
2019-02-28$36.10$35.0025.6%7.3%25.5%25.5%25.4%1.3%-2.9%288.3K-3.3M-54.5K11.0099.33N/AN/A141545,3115,330