PCH Options History — August 2019

In August 2019, PCH traded between $36.15 and $38.78. ATM implied volatility averaged 32.4%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 3.6% (HV 20d: 28.8%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.06.

Notable Days

  • 2019-08-02: Highest Volume — 68 contracts
  • 2019-08-20: Largest IV spike — 52.0% change
  • 2019-08-01: Highest IV Rank — 56.7%
  • 2019-08-01: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.14$36.15$38.78$36.62$38.52
Max Pain$35.45$35.00$40.00$35.00$35.00
ATM IV32.4%21.3%48.4%48.4%23.0%
Expected Move8.6%5.9%13.9%13.9%6.6%
HV 20d28.8%26.5%31.2%27.9%27.2%
HV 60d26.4%25.6%27.2%26.4%27.2%
IV Rank30.1%12.0%56.7%56.7%12.0%
IV Percentile70.5%15.1%98.0%98.0%23.0%
Term Structure-3.2%-36.2%4.8%-36.2%-0.1%
VWIV26.8%15.6%35.2%24.4%26.5%
Skew 25d6.3%3.3%17.9%7.0%4.9%
Skew 10d11.9%-0.4%25.0%25.0%8.3%
Call IV 25d26.3%17.5%30.7%23.9%26.5%
Put IV 25d32.6%28.8%36.8%30.9%31.4%
Bid-Ask Spread %83.4865.20109.35109.3592.87
Gamma HHI0.690.390.970.960.57
Net GEX190.9K-2.0K702.1K553.1K18.5K
Net DEX-775.9K-3.3M-89.7K-3.3M-211.0K
Net VEX-3.4K-11.2K-1.3K-11.2K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.360.360.33
Total Volume12.682068344
Total OI5,937.45524410,65510,641315

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$36.62$35.0048.4%13.9%27.9%56.7%24.4%7.0%-36.2%553.1K-3.3M-11.2K0.36109.35N/AN/A2595,4515,190
2019-08-02$36.80$35.0029.6%8.5%28.1%26.8%15.6%17.9%4.8%567.9K-2.3M-8.8K0.0095.39N/AN/A6805,4465,187
2019-08-05$36.47$40.0042.1%9.6%28.0%46.5%0.0%7.6%-3.4%493.7K-2.1M-8.1K0.0088.58N/AN/A2205,4395,187
2019-08-06$36.21$40.0037.5%8.6%26.5%39.3%30.0%6.3%-1.8%348.4K-1.1M-5.0K0.1089.85N/AN/A1015,4395,187
2019-08-07$37.33$35.0036.3%9.0%29.0%37.3%0.0%5.8%-2.6%702.1K-2.8M-8.2K0.0087.52N/AN/A705,4495,188
2019-08-08$37.60$35.0035.9%5.9%28.2%36.8%24.2%4.9%1.0%687.0K-1.8M-5.7K0.0080.75N/AN/A1405,4495,188
2019-08-09$37.06$35.0034.7%8.7%28.5%34.7%0.0%5.0%-3.8%457.6K-1.2M-4.4K0.0070.28N/AN/A005,4635,188
2019-08-12$36.63$35.0038.9%8.8%28.3%41.5%0.0%6.1%-1.6%175.9K-382.9K-2.2K0.0077.83N/AN/A005,4635,188
2019-08-13$36.83$35.0036.2%8.7%28.1%37.3%0.0%5.9%-2.4%30.9K-187.2K-1.4K0.0092.68N/AN/A405,4635,188
2019-08-14$36.15$35.0033.4%9.6%28.6%32.7%0.0%6.1%-3.8%43.7K-136.0K-1.5K0.0093.56N/AN/A005,4675,188
2019-08-15$36.38$35.0033.1%9.5%28.8%32.3%0.0%7.5%-2.3%-2.0K-132.7K-1.3K0.0091.83N/AN/A0205,4675,188
2019-08-16$37.26$35.0032.5%9.3%30.2%31.2%0.0%5.9%-3.1%7.6K-208.7K-1.4K0.0094.73N/AN/A1005,4675,188
2019-08-19$37.79$35.0021.3%6.1%30.1%13.5%23.7%6.1%1.2%8.9K-125.5K-1.4K0.0277.11N/AN/A49115787
2019-08-20$37.26$35.0032.4%9.3%30.4%31.1%0.0%6.5%-4.1%12.6K-130.2K-1.5K0.0095.00N/AN/A0019887
2019-08-21$37.66$35.0021.3%6.1%30.2%12.1%0.0%4.9%-0.7%14.1K-151.1K-1.5K0.0083.73N/AN/A0019887
2019-08-22$37.62$35.0022.1%6.3%29.7%13.3%0.0%3.5%-1.0%14.3K-150.2K-1.5K0.0065.20N/AN/A7019887
2019-08-23$36.55$35.0032.3%9.3%30.9%27.6%32.4%6.3%-2.7%10.7K-92.1K-1.4K0.0071.58N/AN/A0720587
2019-08-26$36.93$35.0033.3%9.5%31.2%29.2%35.2%6.8%-2.9%11.5K-109.6K-1.5K0.0069.69N/AN/A0420592
2019-08-27$36.65$35.0034.0%9.8%30.1%30.5%0.0%3.3%-3.6%10.2K-89.7K-1.4K0.0067.47N/AN/A0020596
2019-08-28$37.95$35.0029.7%8.5%27.0%23.3%29.3%4.7%-1.9%14.8K-173.5K-1.6K0.0065.32N/AN/A3020596
2019-08-29$38.78$35.0026.0%7.5%27.0%17.1%0.0%6.0%-0.7%19.2K-223.8K-1.6K0.0076.35N/AN/A14020596
2019-08-30$38.52$35.0023.0%6.6%27.2%12.0%26.5%4.9%-0.1%18.5K-211.0K-1.7K0.3392.87N/AN/A3121996