PCH Options History — May 2021

In May 2021, PCH traded between $57.92 and $63.40. ATM implied volatility averaged 32.2%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 0.1% (HV 20d: 32.1%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.38.

Notable Days

  • 2021-05-10: Highest Volume — 826 contracts
  • 2021-05-10: Largest IV spike — 16.7% change
  • 2021-05-12: Highest IV Rank — 36.8%
  • 2021-05-12: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.00$57.92$63.40$59.98$60.15
Max Pain$59.25$55.00$60.00$55.00$60.00
ATM IV32.2%26.9%36.9%29.4%26.9%
Expected Move9.2%7.7%10.6%8.4%7.7%
HV 20d32.1%24.0%38.6%25.4%33.2%
HV 60d29.1%26.7%31.0%27.4%28.3%
IV Rank23.3%10.0%36.8%14.0%10.0%
IV Percentile27.9%5.2%54.4%12.3%5.2%
Term Structure0.6%-0.9%2.1%0.3%2.1%
VWIV32.3%26.4%37.4%29.0%27.6%
Skew 25d4.6%3.2%5.6%3.8%4.2%
Skew 10d11.8%4.0%22.0%22.0%6.7%
Call IV 25d30.9%26.2%35.9%29.2%27.2%
Put IV 25d35.6%31.2%41.3%33.0%31.4%
Bid-Ask Spread %73.2455.6688.0457.7688.04
Gamma HHI0.410.290.680.370.37
Net GEX379.3K189.9K717.1K398.5K350.9K
Net DEX-4.8M-10.2M-2.2M-5.1M-3.2M
Net VEX-20.5K-25.1K-18.3K-18.3K-20.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.001.370.050.68
Total Volume257.63082627942
Total OI4,138.052,9605,2743,9103,199

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$59.98$55.0029.4%8.4%25.4%14.0%29.0%3.8%0.3%398.5K-5.1M-18.3K0.0557.76N/AN/A266132,989921
2021-05-04$59.90$55.0033.4%9.6%24.4%21.1%31.9%4.6%-0.4%434.7K-5.6M-20.5K0.4055.66N/AN/A233943,162932
2021-05-05$60.08$55.0031.9%9.1%24.3%18.5%32.2%4.1%0.1%426.1K-5.5M-21.8K0.3865.26N/AN/A89343,1581,022
2021-05-06$60.73$60.0033.3%9.0%24.0%21.0%31.3%5.0%1.5%480.8K-6.3M-22.6K0.3170.48N/AN/A199613,1841,049
2021-05-07$63.30$60.0028.8%8.5%27.7%13.0%31.3%4.4%2.0%702.9K-10.0M-25.1K0.1872.54N/AN/A470863,2791,078
2021-05-10$63.40$60.0033.6%9.1%27.5%30.9%31.6%5.1%0.7%717.1K-10.2M-25.1K0.0165.33N/AN/A815113,3591,088
2021-05-11$61.32$60.0036.3%9.6%30.6%35.3%33.8%5.3%0.1%487.7K-6.5M-21.1K0.2766.19N/AN/A124333,1761,095
2021-05-12$57.92$60.0036.9%10.6%36.8%36.8%37.4%5.4%-0.9%273.8K-3.2M-19.1K0.6169.76N/AN/A116713,2491,102
2021-05-13$59.83$60.0035.4%10.2%38.6%32.9%34.9%5.1%-0.7%355.4K-4.8M-20.3K0.1771.07N/AN/A325543,2801,155
2021-05-14$60.21$60.0032.3%9.3%35.7%24.7%32.3%4.4%1.7%409.6K-5.6M-21.3K0.0575.00N/AN/A13873,5521,161
2021-05-17$59.73$60.0034.5%9.9%35.8%30.5%34.4%5.6%-0.0%353.2K-5.0M-19.8K1.3773.77N/AN/A63863,5661,176
2021-05-18$59.07$60.0033.8%9.7%35.9%28.5%35.7%4.6%0.5%298.4K-4.2M-19.0K0.8873.68N/AN/A43383,5611,195
2021-05-19$58.40$60.0035.4%10.2%35.3%32.9%36.0%5.3%-0.1%267.1K-3.4M-18.4K0.4378.24N/AN/A181773,5751,213
2021-05-20$58.56$60.0033.3%9.5%35.3%27.2%32.6%4.3%0.3%268.4K-3.5M-18.3K0.0176.07N/AN/A52073,6421,233
2021-05-21$58.49$60.0032.3%9.3%35.3%24.6%33.1%3.2%0.1%189.9K-3.7M-19.7K0.0777.11N/AN/A368264,0401,234
2021-05-24$59.39$60.0029.8%8.5%34.0%17.8%31.3%4.7%1.3%265.3K-2.5M-19.9K0.5982.67N/AN/A85502,294721
2021-05-25$59.11$60.0030.1%8.6%34.0%18.7%33.3%4.6%0.5%249.4K-2.2M-19.0K1.0082.91N/AN/A15152,259701
2021-05-26$59.89$60.0029.1%8.3%34.0%15.9%29.6%4.3%1.3%290.1K-2.8M-19.5K0.0081.45N/AN/A24202,260712
2021-05-27$60.50$60.0027.9%8.0%34.2%12.7%26.4%5.0%1.8%367.9K-3.5M-20.7K0.0881.80N/AN/A5142,477712
2021-05-28$60.15$60.0026.9%7.7%33.2%10.0%27.6%4.2%2.1%350.9K-3.2M-20.2K0.6888.04N/AN/A25172,486713