PCH Options History — February 2020

In February 2020, PCH traded between $36.17 and $42.65. ATM implied volatility averaged 28.6%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 2.0% (HV 20d: 30.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 2.41.

Notable Days

  • 2020-02-03: Highest Volume — 914 contracts
  • 2020-02-13: Largest IV spike — 60.9% change
  • 2020-02-28: Highest IV Rank — 81.0%
  • 2020-02-28: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.68$36.17$42.65$42.65$36.17
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV28.6%15.9%63.8%24.8%63.8%
Expected Move7.9%4.6%18.3%7.1%18.3%
HV 20d30.6%14.3%39.2%14.3%39.2%
HV 60d23.1%16.3%27.4%16.3%27.4%
IV Rank24.5%4.1%81.0%18.3%81.0%
IV Percentile60.1%7.1%99.6%52.0%99.6%
Term Structure-1.1%-17.7%8.6%-4.5%-17.7%
VWIV26.8%14.5%79.9%29.0%79.9%
Skew 25d11.9%1.5%43.2%3.5%16.6%
Skew 10d29.4%5.6%66.1%12.0%43.0%
Call IV 25d23.3%14.3%57.0%28.8%57.0%
Put IV 25d35.2%15.8%73.6%32.3%73.6%
Bid-Ask Spread %93.0269.77112.7569.7775.38
Gamma HHI0.840.340.980.980.34
Net GEX62.3K-2.3K148.1K29.3K-2.3K
Net DEX-146.5K-661.5K336.1K-234.0K336.1K
Net VEX-2.4K-3.3K-1.7K-1.8K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.410.0017.750.034.00
Total Volume75.26309149143
Total OI1,002.8423251,343325579

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$42.65$40.0024.8%7.1%14.3%18.3%29.0%3.5%-4.5%29.3K-234.0K-1.8K0.0369.77N/AN/A8912324184
2020-02-04$40.41$40.0023.0%6.6%22.6%15.5%23.0%4.9%1.0%40.0K-14.2K-2.0K0.8082.28N/AN/A82661,022113
2020-02-05$42.13$40.0021.7%6.2%27.7%13.4%19.7%4.0%7.5%139.6K-456.1K-3.2K0.0090.99N/AN/A1001,040155
2020-02-06$41.25$40.0021.8%6.8%28.6%13.5%21.6%4.4%-1.0%62.9K-119.2K-2.3K0.0295.10N/AN/A5511,046155
2020-02-07$40.25$40.0024.9%8.0%29.5%18.6%15.9%8.5%-0.2%46.4K-45.5K-2.0K0.00108.19N/AN/A5101,008156
2020-02-10$40.18$40.0032.1%5.0%29.5%30.0%0.0%43.2%8.6%48.9K-37.8K-1.9K1.00112.75N/AN/A111,057156
2020-02-11$40.64$40.0031.6%7.0%30.0%29.2%0.0%32.1%1.8%49.1K-92.1K-2.2K0.00102.78N/AN/A021,095157
2020-02-12$41.31$40.0015.9%4.6%30.1%4.1%15.7%1.5%6.3%94.4K-205.0K-2.4K0.00111.00N/AN/A1001,095159
2020-02-13$42.18$40.0025.6%7.4%30.8%19.7%19.9%5.2%-2.2%133.1K-421.4K-3.0K0.1790.73N/AN/A611,098159
2020-02-14$41.95$40.0024.6%7.0%30.3%18.0%16.7%7.9%-1.4%148.1K-661.5K-3.3K14.0094.67N/AN/A1141,103158
2020-02-18$41.83$40.0024.6%7.0%30.3%18.0%0.0%11.3%-1.1%138.7K-537.8K-2.9K0.00101.16N/AN/A001,102172
2020-02-19$41.36$40.0022.9%6.6%30.3%15.3%14.5%21.4%0.0%115.4K-405.2K-2.4K0.00101.63N/AN/A5101,102172
2020-02-20$41.78$40.0023.7%6.8%30.7%16.6%23.4%8.4%-0.1%48.8K-139.5K-2.3K0.00102.85N/AN/A1801,153172
2020-02-21$42.51$40.0022.0%6.3%31.5%13.8%18.2%8.6%2.6%41.2K-239.8K-2.6K0.00101.65N/AN/A401,171172
2020-02-24$41.33$40.0029.2%8.4%32.7%25.4%26.3%11.6%-3.2%27.4K-41.2K-2.3K0.0072.58N/AN/A160358101
2020-02-25$39.24$40.0031.7%9.1%36.9%29.5%31.7%11.9%-4.1%11.5K112.5K-1.7K0.7974.77N/AN/A2419360101
2020-02-26$38.61$40.0031.8%9.1%36.9%29.5%0.0%9.5%-3.5%7.7K151.5K-1.9K17.7593.87N/AN/A471384120
2020-02-27$37.09$40.0048.0%13.8%38.8%55.6%46.2%11.4%-9.5%2.4K266.7K-2.5K4.0085.32N/AN/A14388190
2020-02-28$36.17$40.0063.8%18.3%39.2%81.0%79.9%16.6%-17.7%-2.3K336.1K-2.1K0.0075.38N/AN/A03389190