PCH Options History — November 2019

In November 2019, PCH traded between $42.95 and $44.12. ATM implied volatility averaged 21.7%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 5.3% (HV 20d: 16.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.01.

Notable Days

2019-11-18: Highest Volume — 22 contracts
2019-11-11: Largest IV spike — 98.1% change
2019-11-11: Highest IV Rank — 50.7%
2019-11-01: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.61	$42.95	$44.12	$42.95	$43.60
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	21.7%	15.4%	46.1%	29.7%	17.9%
Expected Move	5.5%	4.4%	8.5%	8.5%	5.1%
HV 20d	16.4%	13.2%	18.9%	18.5%	13.2%
HV 60d	19.9%	17.9%	21.8%	21.8%	18.0%
IV Rank	10.0%	0.0%	50.7%	23.3%	4.1%
IV Percentile	18.9%	0.0%	97.6%	75.0%	4.8%
Term Structure	1.7%	-0.4%	4.1%	0.1%	-0.4%
VWIV	28.0%	17.3%	54.3%	30.3%	54.3%
Skew 25d	5.8%	-0.7%	30.9%	-0.7%	1.5%
Skew 10d	9.8%	-5.8%	40.3%	-5.8%	2.7%
Call IV 25d	19.6%	17.4%	27.6%	22.1%	21.0%
Put IV 25d	25.4%	21.2%	49.6%	21.4%	22.5%
Bid-Ask Spread %	92.54	76.74	105.19	101.41	78.38
Gamma HHI	0.75	0.49	0.98	0.94	0.51
Net GEX	312.9K	19.7K	760.7K	377.5K	24.9K
Net DEX	-1.2M	-2.2M	-317.2K	-1.5M	-363.3K
Net VEX	-2.3K	-4.5K	-1.1K	-3.9K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.01	0.00	0.13	0.00	0.00
Total Volume	4.65	0	22	1	1
Total OI	1,108.6	163	1,866	1,862	193

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2019-11-01	$42.95	$40.00	29.7%	8.5%	18.5%	23.3%	30.3%	-0.7%	0.1%	377.5K	-1.5M	-3.9K	0.00	101.41	N/A	N/A	1	0	1,771	91
2019-11-04	$43.76	$40.00	19.5%	5.8%	18.9%	6.2%	0.0%	6.8%	1.3%	630.5K	-2.0M	-4.5K	0.00	94.07	N/A	N/A	0	2	1,771	88
2019-11-05	$43.59	$40.00	20.0%	6.2%	18.2%	7.1%	0.0%	4.8%	2.6%	564.6K	-1.8M	-3.8K	0.00	96.06	N/A	N/A	20	0	1,776	89
2019-11-06	$43.74	$40.00	22.2%	6.5%	18.2%	10.8%	0.0%	5.5%	0.5%	577.1K	-1.9M	-4.0K	0.00	97.55	N/A	N/A	0	0	1,776	89
2019-11-07	$43.74	$40.00	23.1%	5.5%	18.1%	12.3%	0.0%	3.9%	3.5%	740.8K	-1.9M	-3.8K	0.00	100.19	N/A	N/A	0	0	1,776	89
2019-11-08	$43.91	$40.00	23.3%	5.8%	17.1%	12.6%	20.4%	5.1%	1.3%	760.7K	-2.0M	-3.8K	0.00	99.46	N/A	N/A	2	0	1,776	89
2019-11-11	$43.99	$40.00	46.1%	5.8%	16.7%	50.7%	0.0%	4.7%	1.6%	748.1K	-2.1M	-3.2K	0.00	102.49	N/A	N/A	0	0	1,777	89
2019-11-12	$43.80	$40.00	41.3%	5.7%	17.0%	42.6%	0.0%	4.0%	1.1%	669.0K	-2.0M	-2.8K	0.00	103.22	N/A	N/A	18	0	1,777	89
2019-11-13	$43.34	$40.00	17.4%	5.0%	16.7%	2.7%	0.0%	4.4%	3.1%	443.4K	-2.2M	-2.7K	0.00	103.29	N/A	N/A	5	0	1,777	89
2019-11-14	$43.52	$40.00	18.2%	5.2%	16.7%	4.0%	0.0%	1.8%	2.5%	513.8K	-2.0M	-2.1K	0.13	105.19	N/A	N/A	8	1	1,776	89
2019-11-15	$43.56	$40.00	16.5%	4.7%	16.1%	1.1%	17.3%	4.2%	4.1%	19.7K	-603.3K	-1.1K	0.00	103.86	N/A	N/A	5	0	1,768	89
2019-11-18	$43.76	$40.00	16.9%	4.8%	15.3%	1.8%	17.7%	3.5%	1.0%	21.1K	-351.6K	-1.1K	0.00	93.33	N/A	N/A	22	0	144	19
2019-11-19	$44.12	$40.00	17.0%	4.9%	15.3%	2.0%	0.0%	2.9%	0.8%	24.8K	-390.5K	-1.1K	0.00	84.11	N/A	N/A	2	0	166	19
2019-11-20	$43.87	$40.00	20.3%	5.8%	15.5%	7.5%	0.0%	2.5%	0.6%	23.5K	-379.8K	-1.2K	0.00	76.74	N/A	N/A	0	0	168	19
2019-11-21	$43.27	$40.00	18.2%	5.2%	16.3%	4.1%	0.0%	1.0%	0.9%	22.4K	-339.2K	-1.1K	0.00	85.23	N/A	N/A	0	0	168	19
2019-11-22	$42.95	$40.00	17.8%	5.1%	16.2%	3.4%	0.0%	1.5%	3.3%	21.6K	-317.2K	-1.1K	0.00	88.42	N/A	N/A	0	0	168	19
2019-11-25	$43.20	$40.00	17.5%	5.0%	15.9%	2.8%	0.0%	5.1%	2.4%	22.4K	-334.7K	-1.1K	0.00	78.15	N/A	N/A	4	0	168	19
2019-11-26	$43.45	$40.00	15.6%	4.5%	14.6%	0.0%	0.0%	22.0%	1.7%	24.8K	-347.7K	-1.1K	0.00	78.82	N/A	N/A	0	0	172	19
2019-11-27	$43.98	$40.00	15.4%	4.4%	14.6%	0.0%	0.0%	30.9%	1.3%	26.6K	-382.3K	-1.1K	0.00	80.78	N/A	N/A	2	0	172	19
2019-11-29	$43.60	$40.00	17.9%	5.1%	13.2%	4.1%	54.3%	1.5%	-0.4%	24.9K	-363.3K	-1.1K	0.00	78.38	N/A	N/A	1	0	174	19