PCH Options History — May 2019

In May 2019, PCH traded between $33.81 and $40.38. ATM implied volatility averaged 27.4%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 1.7% (HV 20d: 29.2%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.56.

Notable Days

  • 2019-05-02: Highest Volume — 261 contracts
  • 2019-05-13: Largest IV spike — 148.2% change
  • 2019-05-14: Highest IV Rank — 66.4%
  • 2019-05-17: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.16$33.81$40.38$39.42$33.81
Max Pain$38.18$35.00$40.00$40.00$35.00
ATM IV27.4%19.8%54.6%22.4%26.4%
Expected Move7.0%6.2%7.8%6.4%7.6%
HV 20d29.2%26.0%32.1%26.5%26.0%
HV 60d27.3%26.2%28.0%26.4%27.8%
IV Rank23.3%11.1%66.4%15.1%21.6%
IV Percentile55.7%21.0%98.8%34.5%59.9%
Term Structure-0.3%-1.9%1.0%0.1%-0.9%
VWIV24.7%18.4%31.2%22.3%26.5%
Skew 25d5.6%-2.1%10.6%-0.4%7.9%
Skew 10d10.7%-3.7%19.3%-0.7%9.0%
Call IV 25d23.3%20.0%26.9%22.5%26.8%
Put IV 25d28.9%20.4%35.8%22.0%34.7%
Bid-Ask Spread %79.6048.9494.9048.9479.75
Gamma HHI0.870.620.970.960.62
Net GEX647.8K160.0K1.2M1.0M160.0K
Net DEX-6.5M-14.8M-894.7K-11.5M-894.7K
Net VEX-36.0K-51.2K-18.9K-50.3K-18.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.002.440.150.50
Total Volume51026126024
Total OI11,448.59110,59512,04611,85710,647

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$39.42$40.0022.4%6.4%26.5%15.1%22.3%-0.4%0.1%1.0M-11.5M-50.3K0.1548.94N/AN/A226346,5005,357
2019-05-02$39.16$40.0021.9%6.3%26.7%14.4%21.9%-2.1%0.3%1.0M-11.0M-50.0K0.1563.78N/AN/A226356,6895,357
2019-05-03$40.38$40.0021.7%6.2%28.6%14.1%21.7%1.5%0.3%1.2M-14.8M-51.2K1.0663.12N/AN/A34366,6895,357
2019-05-06$40.31$40.0024.0%6.6%27.3%17.8%0.0%5.1%0.4%1.2M-14.7M-49.7K0.0059.29N/AN/A306,6895,356
2019-05-07$38.86$40.0027.9%7.2%30.5%23.9%0.0%8.2%-0.2%946.3K-10.2M-48.1K0.3087.12N/AN/A33106,6865,356
2019-05-08$38.36$40.0027.0%6.9%30.3%22.6%0.0%6.0%-0.2%893.6K-8.7M-44.4K0.4687.31N/AN/A24116,6645,356
2019-05-09$38.27$40.0030.3%7.1%30.1%27.9%24.7%7.1%-0.1%851.3K-8.5M-44.3K0.6187.86N/AN/A33206,6645,355
2019-05-10$38.56$35.0019.8%6.6%30.0%11.1%0.0%6.5%0.8%953.0K-8.7M-44.8K0.0087.57N/AN/A1106,6735,350
2019-05-13$37.68$35.0049.2%7.2%31.0%57.9%0.0%5.2%0.4%731.8K-7.1M-40.6K0.0088.20N/AN/A006,6735,350
2019-05-14$37.82$35.0054.6%6.6%30.9%66.4%26.1%4.9%0.5%789.3K-7.4M-40.4K0.9389.39N/AN/A42396,6855,350
2019-05-15$37.84$35.0022.9%6.6%30.5%16.0%0.0%4.5%1.0%800.1K-7.2M-39.8K0.0074.94N/AN/A406,6835,350
2019-05-16$38.06$35.0021.9%6.3%30.4%14.5%21.8%5.0%0.9%649.2K-6.8M-38.2K0.8090.51N/AN/A546,6835,350
2019-05-17$37.39$40.0027.3%7.8%31.0%23.0%18.4%3.3%-1.9%576.4K-5.5M-36.7K0.1979.08N/AN/A3676,6845,354
2019-05-20$36.15$40.0026.1%7.5%32.1%21.1%25.6%3.6%-1.5%427.0K-3.4M-29.6K0.0474.47N/AN/A4825,4505,153
2019-05-21$36.44$40.0026.6%7.6%29.8%21.8%31.2%0.7%-1.9%466.5K-3.9M-29.1K0.8780.90N/AN/A15135,4425,153
2019-05-22$36.01$40.0025.6%7.3%29.2%20.2%26.2%10.6%-1.6%414.0K-3.2M-26.4K1.0087.25N/AN/A20205,4445,164
2019-05-23$34.84$40.0025.9%7.4%30.9%20.8%26.5%9.6%-0.9%271.5K-2.0M-23.6K1.1877.36N/AN/A17205,4495,172
2019-05-24$34.98$40.0024.6%7.0%28.8%18.7%25.0%9.0%0.0%290.9K-2.1M-24.7K2.4494.90N/AN/A9225,4565,172
2019-05-28$34.60$40.0025.7%7.4%27.8%20.5%0.0%8.4%-0.7%247.4K-1.7M-22.1K0.0093.88N/AN/A005,4565,174
2019-05-29$34.45$35.0026.5%7.6%27.8%21.7%26.5%9.6%-0.9%226.9K-1.5M-20.3K0.0779.03N/AN/A1515,4645,174
2019-05-30$34.15$35.0025.7%7.4%26.0%20.4%25.7%9.2%-0.8%195.9K-1.2M-19.3K0.5376.50N/AN/A1585,4655,174
2019-05-31$33.81$35.0026.4%7.6%26.0%21.6%26.5%7.9%-0.9%160.0K-894.7K-18.9K0.5079.75N/AN/A1685,4655,182