PCH Options History — October 2019

In October 2019, PCH traded between $39.96 and $43.75. ATM implied volatility averaged 24.3%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 5.9% (HV 20d: 18.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.08.

Notable Days

  • 2019-10-25: Highest Volume — 2,005 contracts
  • 2019-10-29: Largest IV drop — 18.9% change
  • 2019-10-09: Highest IV Rank — 22.6%
  • 2019-10-03: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.65$39.96$43.75$40.83$42.43
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV24.3%17.2%29.3%26.4%20.9%
Expected Move7.1%4.9%8.7%7.6%6.0%
HV 20d18.4%14.7%22.3%21.3%18.4%
HV 60d24.3%21.7%25.9%25.9%21.8%
IV Rank14.2%2.3%22.6%17.8%8.5%
IV Percentile33.5%1.2%67.9%50.0%7.9%
Term Structure-0.2%-7.3%7.0%3.0%-7.3%
VWIV23.0%16.9%28.1%16.9%17.5%
Skew 25d4.9%-3.6%15.2%4.0%-3.6%
Skew 10d10.4%-6.0%30.3%5.0%-6.0%
Call IV 25d23.6%14.9%29.2%22.3%22.2%
Put IV 25d28.5%16.4%34.3%26.3%18.6%
Bid-Ask Spread %90.4956.74110.6371.9479.60
Gamma HHI0.580.450.970.450.89
Net GEX97.5K25.9K572.5K27.6K276.0K
Net DEX-696.9K-2.4M-310.1K-407.0K-1.1M
Net VEX-2.1K-6.0K-1.3K-1.8K-3.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.080.000.570.000.57
Total Volume100.30402,00500
Total OI612.0433311,8623631,862

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$40.83$40.0026.4%7.6%21.3%17.8%0.0%4.0%3.0%27.6K-407.0K-1.8K0.0071.94N/AN/A0027390
2019-10-02$40.37$40.0026.8%7.7%21.9%18.3%0.0%6.0%2.9%26.3K-370.4K-1.7K0.0056.74N/AN/A1027390
2019-10-03$41.09$40.0025.6%8.7%22.1%16.4%0.0%7.0%-2.0%28.5K-442.3K-1.8K0.0090.60N/AN/A0027390
2019-10-04$40.80$40.0025.2%8.5%22.2%15.7%0.0%6.6%-1.6%27.8K-399.7K-1.7K0.0093.18N/AN/A0027390
2019-10-07$40.46$40.0025.2%8.2%22.2%15.7%0.0%6.0%-0.9%27.7K-374.8K-1.6K0.0091.30N/AN/A0027390
2019-10-08$39.99$40.0026.9%8.4%22.3%18.6%0.0%5.5%-0.7%25.9K-330.3K-1.6K0.0090.65N/AN/A0027390
2019-10-09$40.08$40.0029.3%8.4%15.4%22.6%0.0%3.5%-1.5%26.6K-335.8K-1.5K0.0089.78N/AN/A0027390
2019-10-10$39.96$40.0028.4%8.1%14.7%21.1%16.9%12.8%-0.3%26.5K-310.1K-1.5K0.0798.78N/AN/A40327390
2019-10-11$40.76$40.0028.5%8.2%16.1%21.2%0.0%5.9%-0.4%27.2K-404.8K-1.4K0.0094.90N/AN/A0324390
2019-10-14$40.51$40.0028.1%8.1%16.2%20.6%28.1%6.3%-0.7%29.4K-367.5K-1.4K0.0098.87N/AN/A1024390
2019-10-15$40.53$40.0026.6%7.6%16.2%18.0%0.0%12.5%0.0%31.4K-370.6K-1.3K0.00102.07N/AN/A0024390
2019-10-16$41.32$40.0026.8%7.7%17.7%18.4%0.0%15.2%-0.1%29.8K-436.2K-1.4K0.0092.96N/AN/A0024390
2019-10-17$41.47$40.0027.0%7.7%17.7%18.8%24.4%5.0%-0.0%26.7K-457.4K-1.3K0.0092.82N/AN/A24024390
2019-10-18$42.07$40.0024.0%6.9%17.8%13.7%20.8%4.0%7.0%29.7K-536.5K-1.4K0.0091.66N/AN/A23026790
2019-10-21$42.72$40.0021.7%6.2%18.4%9.9%25.2%2.5%-1.0%32.5K-561.4K-1.4K0.0094.74N/AN/A2024487
2019-10-22$43.10$40.0021.1%6.1%18.0%8.9%24.2%4.0%-0.1%33.5K-610.5K-1.4K0.0091.48N/AN/A12024687
2019-10-23$43.13$40.0020.6%5.9%17.5%8.1%24.7%4.2%0.1%34.3K-620.8K-1.4K0.2499.70N/AN/A21524987
2019-10-24$43.04$40.0020.7%5.9%17.6%8.2%0.0%4.2%0.3%37.1K-641.4K-1.5K0.0093.82N/AN/A0026787
2019-10-25$43.43$40.0021.1%6.1%16.6%8.9%24.6%3.4%-2.1%38.8K-680.1K-1.5K0.0095.11N/AN/A2,005026787
2019-10-28$42.98$40.0021.2%6.1%17.2%9.0%24.2%2.5%-2.4%384.5K-2.2M-6.0K0.0480.88N/AN/A15061,76989
2019-10-29$43.75$40.0017.2%4.9%17.5%2.3%17.5%-2.4%1.4%572.5K-2.4M-5.7K0.5779.01N/AN/A741,77091
2019-10-30$43.24$40.0019.5%5.6%17.6%6.3%0.0%-2.1%2.4%441.9K-1.7M-4.4K0.00110.63N/AN/A001,77191
2019-10-31$42.43$40.0020.9%6.0%18.4%8.5%0.0%-3.6%-7.3%276.0K-1.1M-3.4K0.0079.60N/AN/A001,77191