PCH Options History — February 2021

In February 2021, PCH traded between $48.50 and $53.92. ATM implied volatility averaged 39.8%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 0.4% (HV 20d: 39.4%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.37.

Notable Days

  • 2021-02-01: Highest Volume — 8,908 contracts
  • 2021-02-02: Largest IV drop — 17.7% change
  • 2021-02-01: Highest IV Rank — 37.4%
  • 2021-02-01: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.83$48.50$53.92$49.41$51.10
Max Pain$40.79$35.00$45.00$45.00$45.00
ATM IV39.8%35.9%52.7%52.7%42.4%
Expected Move11.5%10.3%15.1%15.1%12.2%
HV 20d39.4%34.3%41.6%37.4%34.3%
HV 60d31.7%31.0%32.6%31.8%32.2%
IV Rank21.8%15.5%37.4%37.4%22.5%
IV Percentile53.2%32.5%80.6%80.6%67.5%
Term Structure-0.8%-6.0%5.7%-4.3%-3.1%
VWIV39.2%35.9%43.7%43.7%35.9%
Skew 25d4.6%-22.5%13.3%-22.5%5.6%
Skew 10d12.2%2.5%25.9%2.5%10.6%
Call IV 25d38.3%34.9%52.7%52.7%40.5%
Put IV 25d42.9%30.2%50.6%30.2%46.1%
Bid-Ask Spread %87.9979.53108.5180.6691.43
Gamma HHI0.680.450.950.750.61
Net GEX1.1M92.9K3.6M460.8K92.9K
Net DEX-7.3M-17.9M-1.5M-4.9M-1.5M
Net VEX-20.0K-33.4K-7.9K-17.6K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.002.570.520.00
Total Volume657.947108,9088,908341
Total OI10,202.1581,50414,4275,7351,714

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$49.41$45.0052.7%15.1%37.4%37.4%43.7%-22.5%-4.3%460.8K-4.9M-17.6K0.5280.66N/AN/A5,8623,0464,921814
2021-02-02$48.50$45.0043.4%12.4%37.9%27.9%42.7%6.1%-2.9%471.6K-3.0M-33.2K0.1690.32N/AN/A2033310,5663,861
2021-02-03$50.11$45.0037.6%10.8%39.8%22.0%37.3%6.6%5.7%1.0M-7.0M-33.4K0.0192.18N/AN/A149110,5123,848
2021-02-04$50.79$35.0037.0%11.6%40.1%21.4%36.5%7.7%-1.7%1.4M-9.5M-33.3K0.0283.11N/AN/A244610,4593,848
2021-02-05$49.87$35.0038.7%11.1%39.0%23.1%37.7%6.7%1.0%866.8K-5.9M-29.0K0.0984.27N/AN/A1061010,3053,854
2021-02-08$51.18$35.0043.7%12.2%39.4%28.2%37.4%9.5%-4.1%1.4M-9.6M-29.1K0.3687.20N/AN/A2057410,2413,864
2021-02-09$51.72$35.0041.7%12.8%39.0%26.2%40.9%7.1%-6.0%1.8M-11.3M-28.6K0.1584.88N/AN/A1422210,0913,936
2021-02-10$52.28$35.0040.1%11.5%39.1%24.6%40.0%3.3%-1.2%2.2M-12.9M-27.5K0.1684.15N/AN/A215359,9813,940
2021-02-11$53.51$40.0036.1%10.3%39.7%20.5%38.3%4.9%-0.5%3.2M-17.9M-30.8K0.0296.70N/AN/A568129,9553,972
2021-02-12$53.78$40.0036.5%10.5%39.6%16.1%38.7%13.3%2.4%3.0M-16.7M-27.3K0.01108.51N/AN/A23839,6203,967
2021-02-16$53.53$40.0036.6%10.5%39.7%16.3%38.6%4.3%2.8%3.6M-14.4M-19.5K0.0381.41N/AN/A399119,5003,968
2021-02-17$52.10$40.0040.8%11.7%41.1%20.8%40.9%4.9%-0.3%719.1K-5.2M-9.9K0.1180.68N/AN/A136159,2843,968
2021-02-18$51.93$40.0040.5%11.6%40.7%20.4%43.1%5.0%0.5%493.3K-4.9M-8.6K0.1683.20N/AN/A116189,1953,981
2021-02-19$52.98$45.0035.9%10.3%41.2%15.5%36.7%5.0%-0.0%106.3K-5.2M-8.6K0.2079.53N/AN/A50109,1433,998
2021-02-22$53.92$40.0036.0%10.3%41.6%15.6%36.2%1.8%0.2%129.3K-2.4M-7.9K0.1786.65N/AN/A127211,124380
2021-02-23$53.52$45.0038.7%11.1%41.6%18.5%41.6%3.9%-2.3%140.8K-2.5M-9.0K2.5788.94N/AN/A14361,242402
2021-02-24$53.24$45.0037.2%10.7%40.3%16.9%37.9%7.5%0.1%134.6K-2.3M-9.4K0.0095.95N/AN/A1001,251438
2021-02-25$51.32$45.0041.1%11.8%36.4%21.1%40.5%6.1%-2.1%98.6K-1.6M-9.0K2.2992.00N/AN/A7161,260438
2021-02-26$51.10$45.0042.4%12.2%34.3%22.5%35.9%5.6%-3.1%92.9K-1.5M-8.5K0.0091.43N/AN/A34011,263451