PCH Options History — March 2019

In March 2019, PCH traded between $34.82 and $37.74. ATM implied volatility averaged 26.2%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 0.0% (HV 20d: 26.3%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.74.

Notable Days

  • 2019-03-07: Highest Volume — 202 contracts
  • 2019-03-11: Largest IV spike — 216.7% change
  • 2019-03-11: Highest IV Rank — 100.0%
  • 2019-03-22: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.38$34.82$37.74$36.15$37.74
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV26.2%15.9%75.6%24.7%15.9%
Expected Move7.1%6.5%8.1%7.1%6.5%
HV 20d26.3%22.4%29.2%25.4%29.2%
HV 60d29.6%25.9%33.7%33.7%26.3%
IV Rank22.7%4.8%100.0%23.8%4.8%
IV Percentile47.1%4.4%100.0%48.0%4.4%
Term Structure1.3%-2.1%3.3%-2.1%2.9%
VWIV25.7%20.3%36.4%24.7%23.8%
Skew 25d7.1%0.7%15.1%0.7%2.9%
Skew 10d9.9%1.9%31.2%3.2%2.7%
Call IV 25d18.6%11.2%24.7%24.7%20.5%
Put IV 25d25.7%21.8%32.4%25.3%23.5%
Bid-Ask Spread %89.3275.64110.4283.5892.28
Gamma HHI0.740.540.870.600.87
Net GEX375.2K220.9K532.8K287.4K532.8K
Net DEX-4.4M-7.2M-1.8M-3.2M-7.2M
Net VEX-50.3K-59.2K-42.1K-56.4K-49.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.0010.6410.640.66
Total Volume82.5713202163154
Total OI10,66810,52910,81010,64110,810

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$36.15$35.0024.7%7.1%25.4%23.8%24.7%0.7%-2.1%287.4K-3.2M-56.4K10.6483.58N/AN/A141495,3115,330
2019-03-04$35.94$35.0026.7%7.7%24.1%27.8%26.6%5.2%1.4%304.0K-2.9M-52.4K0.4181.38N/AN/A2295,3115,218
2019-03-05$35.73$35.0025.1%7.2%24.1%24.6%25.1%11.3%1.7%277.5K-2.8M-51.9K1.2175.64N/AN/A24295,3255,222
2019-03-06$35.42$35.0023.8%6.8%23.1%22.0%23.8%9.2%1.4%255.2K-2.4M-51.7K1.1276.48N/AN/A26295,3275,237
2019-03-07$34.82$35.0023.9%6.8%23.1%22.1%23.9%10.8%1.7%230.8K-1.8M-48.4K4.3277.04N/AN/A381645,3235,237
2019-03-08$35.24$35.0023.9%6.8%22.4%22.1%23.9%10.2%1.8%220.9K-2.2M-52.2K4.0077.18N/AN/A391565,3345,376
2019-03-11$36.85$35.0075.6%7.0%27.2%100.0%0.0%4.9%1.6%391.1K-4.7M-59.2K0.0088.66N/AN/A305,3345,327
2019-03-12$37.02$35.0022.5%7.0%26.9%15.4%0.0%4.8%1.6%419.2K-5.3M-57.1K0.0289.41N/AN/A4115,3345,327
2019-03-13$37.45$35.0022.8%7.0%26.9%15.8%33.2%3.2%1.7%459.3K-6.6M-52.5K0.0188.87N/AN/A10715,3435,328
2019-03-14$36.94$35.0022.5%7.0%27.6%15.4%36.4%4.0%1.8%438.5K-5.8M-50.9K0.0489.42N/AN/A10745,4075,328
2019-03-15$36.48$35.0020.9%6.5%28.0%12.9%35.0%13.9%3.3%408.5K-5.2M-46.9K0.0499.79N/AN/A10645,4075,332
2019-03-18$36.42$35.0026.7%6.7%28.0%22.1%23.7%15.1%0.0%417.0K-5.0M-46.4K0.00101.89N/AN/A505,4025,246
2019-03-19$36.86$35.0022.1%6.9%27.0%14.8%20.5%9.0%1.8%442.0K-5.6M-49.2K1.5792.21N/AN/A7115,4065,256
2019-03-20$36.96$35.0022.2%6.9%26.1%14.9%20.3%10.6%1.7%450.8K-5.8M-49.2K2.2993.02N/AN/A7165,4095,255
2019-03-21$37.41$35.0022.4%6.8%26.3%15.3%20.4%6.5%1.9%496.2K-6.6M-50.8K0.8992.79N/AN/A18165,4095,255
2019-03-22$36.45$35.0028.2%8.1%27.9%24.5%25.9%7.3%-1.1%416.3K-4.6M-44.5K0.78110.42N/AN/A27215,4125,255
2019-03-25$35.64$35.0025.1%7.5%27.6%19.5%26.1%4.2%1.0%327.8K-3.5M-47.2K2.2690.24N/AN/A19435,4225,255
2019-03-26$35.41$35.0024.5%7.3%25.7%18.6%25.6%4.0%1.0%298.4K-2.1M-42.1K2.8994.27N/AN/A19555,4405,280
2019-03-27$35.76$35.0024.5%7.3%25.9%18.5%25.6%5.5%1.1%333.4K-2.8M-48.0K2.6392.73N/AN/A24635,4405,300
2019-03-28$37.25$35.0026.6%7.7%28.9%21.9%24.7%5.6%0.5%471.7K-6.3M-50.7K0.7088.48N/AN/A92645,4445,314
2019-03-29$37.74$35.0015.9%6.5%29.2%4.8%23.8%2.9%2.9%532.8K-7.2M-49.5K0.6692.28N/AN/A93615,4965,314