PCH Options History — July 2019

In July 2019, PCH traded between $37.27 and $40.33. ATM implied volatility averaged 24.2%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 0.4% (HV 20d: 24.6%). 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 4 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2019-07-02: Highest Volume — 2,629 contracts
  • 2019-07-10: Largest IV spike — 22.7% change
  • 2019-07-29: Highest IV Rank — 24.7%
  • 2019-07-29: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.75$37.27$40.33$39.50$37.27
Max Pain$35.45$35.00$40.00$40.00$35.00
ATM IV24.2%16.6%28.3%16.6%25.6%
Expected Move7.1%4.8%8.1%4.8%7.3%
HV 20d24.6%20.8%28.3%24.2%28.0%
HV 60d26.6%25.0%27.7%27.3%27.2%
IV Rank18.0%5.9%24.7%5.9%20.3%
IV Percentile40.5%3.6%71.0%3.6%48.8%
Term Structure-0.1%-3.8%8.6%4.9%8.6%
VWIV24.3%16.6%28.7%16.6%22.6%
Skew 25d5.9%-2.4%12.3%0.8%12.3%
Skew 10d11.6%-3.7%28.6%-0.5%27.9%
Call IV 25d23.6%17.3%28.0%19.3%17.3%
Put IV 25d29.5%20.2%37.6%20.2%29.6%
Bid-Ask Spread %76.7359.0187.0274.8786.15
Gamma HHI0.980.960.990.980.96
Net GEX984.2K654.6K1.5M1.1M654.6K
Net DEX-7.5M-12.1M-2.5M-9.7M-2.5M
Net VEX-22.3K-30.4K-9.7K-30.4K-9.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.003.000.100.58
Total Volume144.81812,6291130
Total OI10,621.22710,55610,66210,55610,633

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$39.50$40.0016.6%4.8%24.2%5.9%16.6%0.8%4.9%1.1M-9.7M-30.4K0.1074.87N/AN/A1015,3475,209
2019-07-02$39.86$40.0019.2%5.5%24.2%10.1%19.2%-0.4%4.7%998.7K-10.9M-30.4K0.0263.94N/AN/A2,589405,3535,210
2019-07-03$40.28$35.0021.3%6.1%23.8%13.5%21.5%-0.2%3.4%978.5K-12.1M-30.3K0.5574.97N/AN/A73405,3805,204
2019-07-05$40.25$35.0020.9%7.2%24.0%12.9%25.0%6.1%-0.1%992.1K-12.0M-29.7K1.0386.72N/AN/A39405,4325,204
2019-07-08$40.33$35.0022.5%7.3%23.5%15.4%25.1%4.7%-0.2%1.0M-12.1M-28.7K1.0075.42N/AN/A445,4335,205
2019-07-09$39.16$35.0020.3%7.3%26.6%11.9%24.6%9.9%-0.9%1.0M-9.0M-27.5K1.0074.24N/AN/A445,4315,209
2019-07-10$39.46$35.0024.9%7.2%26.4%19.3%24.1%9.9%-0.5%1.0M-9.7M-27.6K1.0073.30N/AN/A445,4305,209
2019-07-11$38.57$35.0025.3%7.3%27.8%19.9%25.4%8.4%-1.1%945.8K-7.2M-24.9K2.2574.96N/AN/A495,4305,209
2019-07-12$38.70$35.0024.5%7.0%27.5%18.5%24.4%8.3%-0.4%1.0M-7.5M-24.7K2.2575.33N/AN/A495,4315,214
2019-07-15$38.11$35.0024.6%7.0%28.2%18.7%0.0%6.9%-0.4%877.4K-5.9M-21.2K0.0074.91N/AN/A105,4295,212
2019-07-16$38.46$35.0025.4%7.3%28.3%20.0%16.7%7.5%-1.6%991.6K-6.8M-22.3K0.3375.97N/AN/A315,4285,212
2019-07-17$38.09$35.0026.1%7.5%24.2%21.1%25.6%6.9%-1.1%826.6K-5.8M-21.2K3.0080.45N/AN/A395,4265,211
2019-07-18$38.07$35.0024.7%7.1%24.2%18.9%24.9%5.7%-0.3%908.7K-5.1M-18.7K0.3082.30N/AN/A3095,4265,209
2019-07-19$38.26$35.0024.7%7.1%23.5%18.8%24.7%7.3%-0.8%992.1K-5.8M-20.0K0.6979.30N/AN/A1395,4535,209
2019-07-22$37.65$35.0026.9%7.7%23.6%22.4%27.6%4.6%-3.8%793.6K-5.1M-18.0K0.0883.77N/AN/A2625,4055,182
2019-07-23$37.95$35.0023.4%6.7%22.7%16.8%26.3%5.1%-1.5%872.8K-5.4M-17.5K0.0776.98N/AN/A2925,4305,182
2019-07-24$38.49$35.0027.7%7.9%22.9%23.7%27.9%7.8%-3.1%1.0M-6.5M-19.2K0.4075.13N/AN/A525,4345,182
2019-07-25$37.91$35.0028.0%8.0%22.9%24.1%27.9%5.0%-3.0%893.5K-4.8M-16.7K0.1378.45N/AN/A1525,4335,182
2019-07-26$38.43$35.0026.9%7.7%22.6%22.4%27.3%6.5%-2.4%1.1M-6.0M-17.5K0.1387.02N/AN/A1625,4255,182
2019-07-29$38.52$35.0028.3%8.1%20.8%24.7%28.7%9.8%-2.9%1.1M-6.2M-17.2K0.0474.83N/AN/A6835,4265,182
2019-07-30$39.29$35.0024.0%6.9%21.3%17.8%23.9%-2.4%-0.7%1.5M-8.4M-18.3K0.3359.01N/AN/A1865,4495,185
2019-07-31$37.27$35.0025.6%7.3%28.0%20.3%22.6%12.3%8.6%654.6K-2.5M-9.7K0.5886.15N/AN/A19115,4485,185