PCH Options History — June 2021

In June 2021, PCH traded between $51.60 and $61.39. ATM implied volatility averaged 29.3%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.8% (HV 20d: 28.6%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.97.

Notable Days

  • 2021-06-29: Highest Volume — 777 contracts
  • 2021-06-30: Largest IV drop — 28.7% change
  • 2021-06-18: Highest IV Rank — 27.5%
  • 2021-06-08: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.16$51.60$61.39$61.39$53.03
Max Pain$56.59$55.00$60.00$60.00$55.00
ATM IV29.3%23.6%33.4%28.4%23.6%
Expected Move8.5%6.8%10.1%8.1%6.8%
HV 20d28.6%21.4%39.1%33.7%21.4%
HV 60d29.6%28.0%30.5%28.0%28.3%
IV Rank16.6%1.2%27.5%14.1%1.2%
IV Percentile17.3%0.8%40.5%10.3%0.8%
Term Structure2.1%-3.3%6.1%0.5%6.1%
VWIV29.5%24.8%37.0%28.3%25.3%
Skew 25d4.9%3.1%9.3%4.6%4.4%
Skew 10d12.2%4.7%27.0%9.4%9.1%
Call IV 25d27.1%23.4%30.8%26.4%23.6%
Put IV 25d32.0%27.8%38.7%31.0%28.0%
Bid-Ask Spread %80.1770.36100.0483.3571.50
Gamma HHI0.280.230.390.390.23
Net GEX9.8K-83.6K443.4K443.4K-26.6K
Net DEX790.8K-4.2M2.2M-4.2M1.3M
Net VEX-16.2K-20.0K-12.5K-20.0K-19.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.132.690.510.33
Total Volume2073677722048
Total OI3,325.8642,4003,9453,2063,161

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$61.39$60.0028.4%8.1%33.7%14.1%28.3%4.6%0.5%443.4K-4.2M-20.0K0.5183.35N/AN/A146742,487719
2021-06-02$58.97$60.0027.6%7.9%36.8%12.0%28.3%6.5%1.8%244.7K-1.9M-17.1K0.6694.05N/AN/A82542,418717
2021-06-03$56.76$60.0032.3%9.3%39.1%24.4%32.9%4.7%1.7%128.1K-648.8K-16.1K0.5875.54N/AN/A126732,445758
2021-06-04$56.34$60.0029.6%8.8%38.8%17.3%31.7%4.4%2.2%80.8K-235.6K-14.9K1.8172.42N/AN/A671212,396785
2021-06-07$55.97$60.0031.2%8.8%34.9%21.6%31.6%4.2%2.3%39.9K166.5K-15.2K0.7475.20N/AN/A115852,405888
2021-06-08$55.25$60.0031.8%10.1%34.9%23.1%37.0%9.3%-2.5%15.4K320.8K-15.7K1.4092.71N/AN/A15212,483931
2021-06-09$55.32$60.0030.4%8.7%33.5%19.5%30.5%5.2%2.8%-11.3K549.7K-14.6K0.2872.01N/AN/A86242,492942
2021-06-10$54.64$55.0029.2%8.4%27.6%16.3%29.4%5.3%2.8%-45.3K825.1K-14.2K0.9079.20N/AN/A41372,551962
2021-06-11$54.33$55.0027.7%7.9%24.2%12.1%27.7%3.2%3.2%-66.6K1.0M-13.4K0.1379.97N/AN/A4862,570951
2021-06-14$52.84$55.0029.3%8.4%25.1%16.5%30.4%4.3%2.3%-49.8K1.5M-12.5K1.6681.77N/AN/A1282132,599943
2021-06-15$53.10$55.0029.1%8.3%25.4%15.9%30.4%3.1%2.4%-70.6K1.6M-13.8K1.7683.07N/AN/A671182,6451,119
2021-06-16$52.69$55.0029.6%8.5%25.4%17.3%32.1%4.6%2.5%-67.9K1.9M-14.2K1.2484.07N/AN/A37462,6641,209
2021-06-17$52.41$55.0033.2%9.5%25.3%27.0%32.0%7.5%1.1%-83.6K2.0M-14.1K0.4284.10N/AN/A48202,6691,224
2021-06-18$51.60$55.0033.4%9.6%25.3%27.5%31.1%5.0%0.9%-32.5K2.2M-13.9K0.5182.64N/AN/A67342,7101,235
2021-06-21$52.58$55.0027.4%7.9%26.8%11.5%28.2%5.8%3.3%-33.8K1.2M-13.8K2.6984.19N/AN/A1925161,428972
2021-06-22$52.59$55.0027.0%7.7%25.8%10.4%28.5%4.5%3.4%-50.3K1.7M-18.6K0.2872.47N/AN/A87241,5241,461
2021-06-23$52.19$55.0029.3%8.4%25.8%16.5%26.3%4.7%2.9%-46.2K1.8M-19.0K2.1678.17N/AN/A2385151,6131,478
2021-06-24$52.32$55.0029.2%8.4%25.0%16.3%27.2%3.5%2.3%-42.5K1.7M-18.9K0.4670.36N/AN/A39181,6461,476
2021-06-25$52.89$55.0023.6%6.8%25.1%1.3%24.8%4.5%5.3%-30.5K1.4M-19.2K0.2572.25N/AN/A51131,6741,480
2021-06-28$52.15$55.0029.5%8.5%25.2%17.0%26.1%4.2%2.8%-43.7K1.8M-18.6K0.4274.54N/AN/A26111,6791,484
2021-06-29$52.20$55.0033.1%9.5%23.3%26.6%28.5%3.7%-3.3%-34.9K1.6M-19.0K2.07100.04N/AN/A2535241,6871,489
2021-06-30$53.03$55.0023.6%6.8%21.4%1.2%25.3%4.4%6.1%-26.6K1.3M-19.0K0.3371.50N/AN/A36121,6831,478