PCH Options History — March 2021

In March 2021, PCH traded between $49.46 and $54.24. ATM implied volatility averaged 35.1%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 4.9% (HV 20d: 30.1%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.81.

Notable Days

  • 2021-03-01: Highest Volume — 269 contracts
  • 2021-03-30: Largest IV drop — 38.6% change
  • 2021-03-29: Highest IV Rank — 29.5%
  • 2021-03-08: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.29$49.46$54.24$52.91$53.17
Max Pain$49.35$45.00$50.00$45.00$50.00
ATM IV35.1%24.7%46.9%31.2%29.0%
Expected Move10.0%7.1%11.7%8.9%8.3%
HV 20d30.1%26.8%32.6%32.6%26.9%
HV 60d32.4%31.2%33.4%32.9%32.1%
IV Rank16.1%4.9%29.5%10.4%11.8%
IV Percentile34.2%1.6%76.6%15.5%8.7%
Term Structure2.7%-6.7%11.3%1.7%3.8%
VWIV35.3%26.4%42.1%40.2%29.5%
Skew 25d4.7%-2.3%14.2%8.4%-2.3%
Skew 10d4.8%-14.6%18.4%17.1%-7.4%
Call IV 25d35.1%28.8%46.7%36.1%36.9%
Put IV 25d39.9%31.9%52.3%44.5%34.6%
Bid-Ask Spread %88.9178.70104.0597.3399.20
Gamma HHI0.740.510.880.750.76
Net GEX220.0K84.0K411.2K186.8K240.4K
Net DEX-2.5M-3.9M-710.3K-2.9M-2.4M
Net VEX-10.9K-12.2K-7.5K-11.4K-11.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.006.000.000.00
Total Volume77.4781126926911
Total OI2,239.8261,8322,6092,0602,190

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$52.91$45.0031.2%8.9%32.6%10.4%40.2%8.4%1.7%186.8K-2.9M-11.4K0.0097.33N/AN/A26811,608452
2021-03-02$51.63$45.0039.7%11.4%32.6%19.6%40.3%-0.1%-1.3%191.4K-2.5M-11.9K0.5687.59N/AN/A39221,841451
2021-03-03$51.73$45.0033.1%9.5%31.7%12.5%31.9%1.2%11.3%191.4K-2.5M-11.6K1.3696.72N/AN/A42571,841465
2021-03-04$50.58$50.0038.4%11.6%31.0%18.1%40.8%14.2%6.2%151.1K-2.2M-11.7K1.2289.64N/AN/A9111,866522
2021-03-05$52.03$50.0041.4%11.4%32.2%21.4%34.9%8.3%1.6%217.4K-2.8M-12.2K0.0982.88N/AN/A4641,874523
2021-03-08$52.26$50.0046.9%11.7%31.4%27.3%39.3%3.5%-0.0%229.4K-2.9M-11.8K0.2685.11N/AN/A38101,831521
2021-03-09$52.86$50.0040.1%10.9%30.3%20.0%41.1%5.1%-0.5%256.7K-3.1M-11.8K0.9280.60N/AN/A24221,801511
2021-03-10$53.92$50.0036.6%10.5%30.9%16.3%37.2%1.3%1.3%303.5K-3.8M-11.9K0.0080.76N/AN/A1801,806500
2021-03-11$53.98$50.0034.2%9.8%30.7%13.7%34.8%4.0%4.1%322.1K-3.7M-11.7K0.5980.31N/AN/A22131,802500
2021-03-12$54.05$50.0035.9%10.3%29.6%15.4%35.4%6.0%2.1%347.1K-3.6M-11.3K0.1081.05N/AN/A1011,790511
2021-03-15$54.24$50.0037.0%10.6%29.6%16.7%38.5%5.1%0.9%352.1K-3.9M-10.9K0.3278.70N/AN/A78251,799512
2021-03-16$54.00$50.0035.3%10.1%29.6%14.8%34.4%6.0%1.3%411.2K-3.7M-10.8K0.0686.18N/AN/A10871,810515
2021-03-17$53.25$50.0035.3%10.1%28.3%14.9%37.9%3.3%2.4%355.5K-3.0M-10.5K0.2384.16N/AN/A56131,913513
2021-03-18$51.64$50.0038.1%10.9%30.5%17.9%34.3%6.5%2.2%156.6K-1.9M-9.4K0.1987.89N/AN/A151281,941522
2021-03-19$51.23$50.0035.4%10.2%29.6%15.0%32.8%6.9%3.1%144.9K-1.9M-9.6K1.2186.44N/AN/A29352,067542
2021-03-22$50.91$50.0033.7%9.6%28.7%16.9%33.0%5.8%3.7%139.8K-1.5M-9.1K0.2689.03N/AN/A87231,379453
2021-03-23$49.46$50.0026.2%7.5%30.2%6.5%26.4%2.2%8.6%86.7K-764.6K-7.5K1.3692.77N/AN/A771051,431455
2021-03-24$49.83$50.0028.2%8.1%30.4%10.1%31.0%5.4%4.3%84.0K-710.3K-8.4K6.0094.92N/AN/A3181,447559
2021-03-25$51.60$50.0032.1%9.2%30.6%16.2%31.0%6.1%3.5%147.8K-1.5M-10.1K0.0793.56N/AN/A8161,447578
2021-03-26$52.07$50.0033.8%9.7%30.7%19.3%31.8%5.5%4.2%163.1K-1.7M-10.3K2.0296.90N/AN/A43871,488573
2021-03-29$52.61$50.0040.2%11.5%28.3%29.5%42.1%3.8%-6.7%169.6K-2.2M-12.1K0.17104.05N/AN/A3051,514658
2021-03-30$52.67$50.0024.7%7.1%26.8%4.9%32.5%2.7%4.5%212.2K-2.0M-12.0K1.7189.20N/AN/A7121,535659
2021-03-31$53.17$50.0029.0%8.3%26.9%11.8%29.5%-2.3%3.8%240.4K-2.4M-11.9K0.0099.20N/AN/A1101,538652