PCH Options History — April 2020

In April 2020, PCH traded between $25.80 and $37.33. ATM implied volatility averaged 59.2%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 64.6% (HV 20d: 123.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 3.35.

Notable Days

  • 2020-04-29: Highest Volume — 97 contracts
  • 2020-04-06: Largest IV drop — 40.8% change
  • 2020-04-03: Highest IV Rank — 70.7%
  • 2020-04-01: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.02$25.80$37.33$27.72$35.22
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV59.2%36.2%84.7%77.6%42.1%
Expected Move16.6%10.4%22.2%22.2%12.1%
HV 20d123.8%67.8%183.2%178.8%67.8%
HV 60d110.1%106.0%113.1%106.0%113.1%
IV Rank45.4%22.6%70.7%63.7%28.5%
IV Percentile89.2%78.2%96.4%94.8%81.0%
Term Structure-4.9%-12.6%9.8%-10.6%3.1%
VWIV59.2%37.9%91.1%91.1%37.9%
Skew 25d14.4%5.8%29.1%29.1%5.8%
Skew 10d32.5%7.3%64.0%64.0%7.3%
Call IV 25d49.1%22.3%67.4%67.4%31.0%
Put IV 25d63.5%36.8%96.5%96.5%36.8%
Bid-Ask Spread %83.8569.17106.7089.0577.39
Gamma HHI0.520.210.770.480.36
Net GEX-11.6K-27.3K533-8.4K-17.9K
Net DEX245.9K-452.3K685.1K531.2K-73.1K
Net VEX-2.8K-3.3K-1.9K-2.3K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.350.0015.170.505.00
Total Volume23.333097186
Total OI915.4297991,0747991,074

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$27.72$30.0077.6%22.2%178.8%63.7%91.1%29.1%-10.6%-8.4K531.2K-2.3K0.5089.05N/AN/A126362437
2020-04-02$27.91$30.0070.3%18.4%178.8%56.5%74.4%18.2%-10.3%-9.3K521.7K-2.3K0.0069.17N/AN/A028361443
2020-04-03$25.80$30.0084.7%20.6%180.2%70.7%65.2%16.1%-12.6%-6.9K685.1K-1.9K0.5971.83N/AN/A2716361467
2020-04-06$27.52$30.0050.2%15.9%182.1%36.5%0.0%14.8%-6.7%-11.4K616.8K-2.1K0.0078.70N/AN/A02374470
2020-04-07$28.78$30.0069.9%17.3%183.2%56.1%61.4%16.1%-10.4%-12.6K497.2K-2.3K0.3889.21N/AN/A135374468
2020-04-08$30.08$30.0056.7%16.3%181.3%43.0%0.0%13.0%-5.7%-14.7K359.5K-2.5K0.0088.68N/AN/A041387468
2020-04-09$31.70$30.0058.1%16.7%166.9%44.4%56.1%16.6%-8.7%-14.5K216.9K-2.9K0.3290.54N/AN/A4715387507
2020-04-13$29.90$30.0060.1%17.2%157.3%46.3%0.0%14.6%-9.2%-18.1K418.9K-2.8K0.0085.11N/AN/A00403522
2020-04-14$31.19$30.0057.1%16.4%156.3%43.4%0.0%11.3%-9.9%-19.0K242.7K-2.8K0.0088.97N/AN/A01403522
2020-04-15$30.42$30.0064.2%18.4%155.4%50.4%64.2%14.5%-12.5%-23.2K352.0K-2.7K0.0087.73N/AN/A02403523
2020-04-16$30.51$30.0064.4%18.5%117.3%50.6%64.5%13.6%-11.2%-27.3K330.2K-2.8K0.0086.14N/AN/A150403525
2020-04-17$31.05$30.0058.4%16.8%92.8%44.7%49.3%13.0%-5.2%-7.0K179.6K-2.7K14.0075.34N/AN/A456417525
2020-04-20$31.57$30.0066.3%19.0%91.8%52.5%61.0%15.4%-6.7%-8.2K209.2K-3.3K0.7780.62N/AN/A1310413505
2020-04-21$30.62$30.0068.0%19.5%86.3%54.2%67.5%15.7%-4.5%-7.4K279.5K-3.3K3.7577.73N/AN/A415426507
2020-04-22$31.73$30.0061.4%17.6%70.8%47.6%52.8%12.7%-0.3%-7.7K162.3K-3.3K2.8070.98N/AN/A514430512
2020-04-23$31.74$30.0058.2%16.7%69.5%44.4%0.0%13.9%0.8%-9.0K171.2K-3.3K0.0079.84N/AN/A00433526
2020-04-24$32.34$30.0054.0%15.5%68.6%40.3%58.0%10.2%2.2%-9.2K106.3K-3.3K1.5693.83N/AN/A914433526
2020-04-27$33.71$30.0044.9%12.9%69.9%31.2%40.4%11.7%1.4%-8.3K-27.9K-3.2K0.0075.63N/AN/A40433540
2020-04-28$34.65$30.0039.7%11.4%70.3%26.1%44.5%11.6%4.9%-4.8K-163.8K-3.1K2.00106.70N/AN/A36436542
2020-04-29$37.33$30.0036.2%10.4%74.3%22.6%37.9%15.1%9.8%533-452.3K-3.0K15.1797.60N/AN/A691437539
2020-04-30$35.22$30.0042.1%12.1%67.8%28.5%0.0%5.8%3.1%-17.9K-73.1K-3.3K5.0077.39N/AN/A15436638