PCH Options History — April 2019

In April 2019, PCH traded between $37.30 and $40.02. ATM implied volatility averaged 26.3%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 0.3% (HV 20d: 26.0%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2019-04-26: Highest Volume — 1,021 contracts
  • 2019-04-09: Largest IV spike — 201.3% change
  • 2019-04-09: Highest IV Rank — 55.3%
  • 2019-04-22: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.49$37.30$40.02$37.75$38.62
Max Pain$35.71$35.00$40.00$35.00$40.00
ATM IV26.3%15.8%47.5%37.6%19.0%
Expected Move6.6%5.5%8.4%6.7%5.5%
HV 20d26.0%23.4%29.1%29.1%25.8%
HV 60d25.1%24.4%26.4%25.6%26.1%
IV Rank21.4%4.7%55.3%39.4%9.8%
IV Percentile50.1%2.8%98.8%92.5%19.8%
Term Structure-1.7%-4.0%3.4%3.4%-0.5%
VWIV24.3%18.8%27.8%27.2%18.8%
Skew 25d5.8%-3.0%11.2%11.2%-3.0%
Skew 10d8.3%-4.9%16.2%4.8%-4.9%
Call IV 25d22.5%20.3%28.0%22.0%20.5%
Put IV 25d28.3%17.5%33.2%33.2%17.5%
Bid-Ask Spread %95.1588.7798.0793.1093.69
Gamma HHI0.910.860.970.860.97
Net GEX669.2K512.8K1.0M533.0K1.0M
Net DEX-8.4M-11.5M-5.6M-7.2M-8.9M
Net VEX-48.3K-52.8K-41.6K-49.3K-45.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.002.300.001.26
Total Volume105.76271,021761
Total OI10,996.38110,68111,84510,81211,845

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$37.75$35.0037.6%6.7%29.1%39.4%27.2%11.2%3.4%533.0K-7.2M-49.3K0.0093.10N/AN/A705,4985,314
2019-04-02$37.51$35.0039.3%6.6%29.1%42.1%25.4%7.0%-1.0%512.8K-6.7M-49.0K0.0193.99N/AN/A14025,5025,314
2019-04-03$37.76$35.0030.2%6.6%28.8%27.6%24.4%4.4%-1.4%556.5K-7.3M-49.2K1.8993.27N/AN/A28535,6295,316
2019-04-04$37.86$35.0036.7%6.6%27.8%38.0%24.4%4.1%-1.9%571.3K-7.4M-51.4K2.3093.39N/AN/A23535,6355,353
2019-04-05$38.88$35.0018.7%6.4%28.8%9.3%25.4%6.6%-1.0%668.2K-9.3M-52.8K0.5996.66N/AN/A90535,6385,353
2019-04-08$38.78$35.0015.8%6.6%24.8%4.7%24.0%6.5%-1.4%661.9K-9.1M-50.6K0.5095.19N/AN/A845,6175,353
2019-04-09$38.17$35.0047.5%6.6%25.6%55.3%24.2%5.3%-1.4%598.8K-7.9M-49.6K0.5796.56N/AN/A745,6205,353
2019-04-10$38.55$35.0022.4%6.4%25.5%15.2%23.0%5.9%-1.2%644.2K-8.7M-50.4K0.3197.45N/AN/A1345,6185,353
2019-04-11$38.95$35.0022.6%6.5%25.1%15.5%23.3%6.2%-1.6%697.7K-9.3M-50.9K0.9297.64N/AN/A13125,6175,353
2019-04-12$39.07$35.0021.9%6.3%24.4%14.4%23.1%7.0%-1.1%709.2K-9.5M-50.2K0.7596.55N/AN/A16125,6165,353
2019-04-15$38.70$35.0022.3%6.4%24.8%15.0%0.0%6.1%-1.5%677.9K-8.9M-48.7K0.0097.36N/AN/A1205,6145,353
2019-04-16$38.14$35.0022.2%6.4%25.3%14.9%22.6%5.5%-1.6%636.4K-7.5M-47.1K0.0097.90N/AN/A2205,6055,353
2019-04-17$38.41$35.0021.7%6.2%25.4%14.2%22.2%5.5%-1.2%632.4K-8.1M-45.9K0.0098.07N/AN/A2905,6015,353
2019-04-18$38.22$35.0022.2%6.4%25.2%14.9%25.8%4.8%-1.9%617.0K-7.7M-45.9K0.6497.71N/AN/A33215,5995,373
2019-04-22$37.30$35.0029.2%8.4%25.0%26.0%27.8%4.3%-3.1%535.5K-5.6M-41.6K0.1295.17N/AN/A1725,3835,298
2019-04-23$38.52$35.0023.5%6.7%25.6%16.9%23.5%6.2%-3.4%661.2K-8.0M-44.3K0.0394.71N/AN/A17765,3905,300
2019-04-24$39.11$35.0023.1%6.6%25.6%16.3%24.4%2.4%-2.8%735.3K-9.5M-47.5K0.2294.91N/AN/A76175,5385,303
2019-04-25$38.97$35.0026.1%7.5%25.7%21.2%26.3%7.4%-4.0%684.8K-9.2M-48.1K0.4191.34N/AN/A90375,5575,312
2019-04-26$40.02$40.0024.7%7.1%23.4%18.9%24.7%10.0%-3.4%757.3K-11.5M-48.4K0.0394.68N/AN/A994275,5765,332
2019-04-29$38.93$40.0025.2%7.2%25.6%19.7%25.4%8.0%-3.5%951.1K-10.2M-48.4K0.0488.77N/AN/A5626,4925,342
2019-04-30$38.62$40.0019.0%5.5%25.8%9.8%18.8%-3.0%-0.5%1.0M-8.9M-45.7K1.2693.69N/AN/A27346,5035,342