PCH Options History — April 2021

In April 2021, PCH traded between $54.15 and $61.57. ATM implied volatility averaged 31.2%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 6.3% (HV 20d: 24.9%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2021-04-27: Highest Volume — 1,974 contracts
  • 2021-04-30: Largest IV spike — 43.9% change
  • 2021-04-30: Highest IV Rank — 31.8%
  • 2021-04-30: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.96$54.15$61.57$54.15$59.31
Max Pain$50.95$50.00$55.00$50.00$55.00
ATM IV31.2%23.2%39.3%28.3%39.3%
Expected Move9.2%6.7%11.3%8.1%11.3%
HV 20d24.9%21.5%26.5%26.0%26.1%
HV 60d31.2%27.5%33.2%32.3%27.5%
IV Rank17.1%3.0%31.8%10.7%31.8%
IV Percentile22.5%0.8%67.9%7.1%67.9%
Term Structure-0.1%-17.4%5.9%4.8%-17.4%
VWIV32.0%24.7%38.3%31.9%29.8%
Skew 25d5.5%-1.3%14.1%6.2%-1.3%
Skew 10d12.4%-0.9%30.2%12.6%6.2%
Call IV 25d30.3%24.7%35.9%27.2%34.8%
Put IV 25d35.8%27.2%41.4%33.4%33.6%
Bid-Ask Spread %82.1965.39101.84101.8475.08
Gamma HHI0.570.320.790.770.40
Net GEX371.0K107.1K840.5K275.3K365.9K
Net DEX-5.9M-9.2M-2.9M-2.9M-4.9M
Net VEX-15.5K-26.7K-10.0K-12.3K-19.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.005.503.000.51
Total Volume389.57141,9744275
Total OI2,947.0951,6824,7322,2003,707

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$54.15$50.0028.3%8.1%26.0%10.7%31.9%6.2%4.8%275.3K-2.9M-12.3K3.00101.84N/AN/A131,548652
2021-04-05$55.38$50.0033.6%10.7%25.4%19.0%34.3%14.1%3.5%299.9K-4.0M-12.3K0.0296.12N/AN/A5311,589655
2021-04-06$56.70$50.0032.7%10.1%26.4%17.6%33.4%7.0%0.4%329.4K-4.8M-11.4K1.1185.40N/AN/A27301,586652
2021-04-07$56.49$50.0031.0%9.8%26.4%17.0%33.6%5.5%1.1%383.5K-4.7M-11.4K0.0085.32N/AN/A801,602676
2021-04-08$57.36$50.0025.3%9.5%26.0%6.6%31.9%5.8%-0.2%308.9K-5.5M-11.1K0.0479.56N/AN/A4921,607676
2021-04-09$57.76$50.0025.9%8.5%26.1%7.7%30.7%5.1%3.3%301.6K-5.9M-11.0K0.0484.07N/AN/A6731,645665
2021-04-12$57.52$50.0032.9%8.5%26.2%20.4%31.7%6.0%2.9%310.3K-5.9M-10.9K5.5084.86N/AN/A2111,682665
2021-04-13$58.09$50.0030.1%8.8%26.3%15.3%31.4%4.7%0.6%295.2K-6.2M-10.8K1.0485.20N/AN/A1992071,692670
2021-04-14$58.99$50.0030.2%8.6%26.5%15.4%30.8%5.9%2.2%213.7K-6.9M-10.1K0.0584.52N/AN/A10051,691672
2021-04-15$59.12$50.0030.6%8.8%25.6%16.2%34.8%5.3%-0.5%241.2K-7.0M-10.2K0.3682.32N/AN/A67241,727669
2021-04-16$61.57$50.0033.9%9.7%24.8%22.0%28.7%7.1%-6.1%107.1K-7.9M-10.0K0.0182.87N/AN/A27021,677681
2021-04-19$61.41$50.0033.9%9.7%24.4%22.1%36.1%3.1%4.2%124.6K-4.1M-10.9K0.0285.24N/AN/A1,878321,145537
2021-04-20$61.01$50.0034.3%9.8%24.4%22.9%34.7%7.4%-2.5%430.7K-6.6M-20.3K0.3284.59N/AN/A102332,685565
2021-04-21$59.70$50.0033.9%9.7%23.0%22.1%38.3%3.6%0.5%396.9K-5.6M-19.3K0.1879.69N/AN/A7491342,747593
2021-04-22$59.88$50.0035.0%10.0%23.1%24.1%35.5%4.7%-3.0%478.9K-6.4M-23.0K0.3679.00N/AN/A80293,295668
2021-04-23$59.58$50.0033.2%9.5%21.5%20.9%34.2%7.0%-2.4%477.9K-5.6M-22.3K0.0165.39N/AN/A48473,331694
2021-04-26$61.38$50.0035.9%10.3%23.0%25.7%33.4%5.5%-5.8%712.8K-9.2M-26.7K0.1769.11N/AN/A6881203,803699
2021-04-27$61.49$55.0025.6%7.3%23.1%7.2%25.2%1.8%4.1%840.5K-8.4M-24.4K0.0589.04N/AN/A1,884903,946786
2021-04-28$60.59$55.0023.2%6.7%24.3%3.0%24.7%4.5%5.9%442.9K-6.0M-18.8K0.2873.21N/AN/A129362,844796
2021-04-29$60.71$55.0027.3%7.8%24.4%10.3%25.9%5.5%1.7%453.9K-6.2M-19.4K0.1673.61N/AN/A259412,858811
2021-04-30$59.31$55.0039.3%11.3%26.1%31.8%29.8%-1.3%-17.4%365.9K-4.9M-19.0K0.5175.08N/AN/A182932,861846