PCH Options History — July 2021

In July 2021, PCH traded between $50.31 and $54.97. ATM implied volatility averaged 29.2%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 4.5% (HV 20d: 24.7%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.30.

Notable Days

  • 2021-07-16: Highest Volume — 212 contracts
  • 2021-07-13: Largest IV spike — 100.2% change
  • 2021-07-13: Highest IV Rank — 74.0%
  • 2021-07-19: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.91$50.31$54.97$53.60$52.02
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV29.2%20.2%50.0%22.9%28.0%
Expected Move8.4%5.8%10.2%6.6%8.0%
HV 20d24.7%18.3%30.3%18.3%30.3%
HV 60d29.0%28.3%29.9%28.4%29.9%
IV Rank22.0%0.0%74.0%0.0%19.4%
IV Percentile23.8%0.0%98.4%0.0%14.3%
Term Structure1.3%-1.5%7.8%6.2%2.1%
VWIV29.3%21.4%35.3%22.9%27.3%
Skew 25d5.3%0.7%8.3%7.3%2.4%
Skew 10d12.5%-0.6%21.3%15.1%-0.6%
Call IV 25d27.6%19.5%33.1%21.8%25.0%
Put IV 25d32.9%27.4%39.2%29.1%27.4%
Bid-Ask Spread %84.7968.3998.0068.3990.70
Gamma HHI0.230.210.310.210.23
Net GEX1.6K-54.0K106.9K-7.3K-12.4K
Net DEX790.3K-462.3K1.8M813.6K1.1M
Net VEX-17.9K-19.6K-16.7K-19.6K-17.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.006.070.110.82
Total Volume91.048132125069
Total OI3,144.5712,7623,3703,2223,179

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$53.60$55.0022.9%6.6%18.3%0.0%22.9%7.3%6.2%-7.3K813.6K-19.6K0.1168.39N/AN/A4551,7361,486
2021-07-02$53.82$55.0020.2%5.8%18.3%0.0%21.4%8.3%7.8%6.9K638.1K-19.5K0.2286.91N/AN/A121271,7571,486
2021-07-06$53.16$55.0023.7%8.4%18.6%8.5%32.7%4.0%1.2%-11.4K1.1M-19.0K2.3581.76N/AN/A20471,8031,498
2021-07-07$54.64$55.0024.4%8.6%21.0%10.3%29.4%4.6%0.7%25.4K122.1K-19.3K0.5481.11N/AN/A102551,8051,533
2021-07-08$53.77$55.0027.2%8.8%21.7%17.3%32.1%4.8%0.4%8.5K656.5K-19.5K0.0979.91N/AN/A7971,8351,517
2021-07-09$54.95$55.0024.6%8.5%22.8%10.8%29.7%5.6%0.8%44.9K-141.9K-19.3K6.0081.76N/AN/A13781,8171,522
2021-07-12$54.97$55.0025.0%8.5%22.7%11.8%31.5%5.3%0.7%106.9K-462.3K-18.4K1.3380.22N/AN/A18241,8191,463
2021-07-13$53.34$55.0050.0%8.4%23.1%74.0%32.3%5.6%0.9%18.6K699.1K-17.6K0.2187.92N/AN/A2861,8301,460
2021-07-14$53.74$55.0027.2%7.8%23.1%17.2%27.8%5.4%4.0%32.0K477.8K-17.4K0.2986.51N/AN/A2881,8351,464
2021-07-15$53.37$55.0029.9%8.6%23.1%23.9%30.6%5.8%-0.6%14.4K629.3K-17.2K0.7488.17N/AN/A38281,8431,463
2021-07-16$52.14$55.0031.8%9.1%24.6%28.7%30.0%4.8%0.3%-25.2K1.3M-17.1K6.0789.28N/AN/A301821,9181,452
2021-07-19$50.31$55.0035.5%10.2%27.1%38.0%35.3%6.0%-0.8%-52.8K1.8M-16.8K1.1484.02N/AN/A42481,4261,336
2021-07-20$51.22$55.0033.4%9.6%27.0%32.7%33.9%7.1%-1.4%-54.0K1.7M-16.7K0.8681.21N/AN/A761,4241,350
2021-07-21$51.78$55.0032.9%9.4%27.4%31.4%29.2%5.9%-0.7%-46.9K1.3M-16.8K0.0283.17N/AN/A19241,4291,350
2021-07-22$51.62$55.0033.3%9.5%27.3%32.4%30.1%6.3%-1.0%-19.3K1.4M-17.0K1.8479.55N/AN/A19351,6161,348
2021-07-23$52.49$55.0033.8%9.7%27.9%33.6%31.9%4.6%-1.5%-7.0K756.0K-18.3K0.1680.97N/AN/A4981,6151,380
2021-07-26$52.29$55.0029.4%8.4%27.7%22.7%29.8%0.7%2.2%-9.7K899.6K-17.1K0.2683.27N/AN/A132341,6151,377
2021-07-27$53.15$55.0027.2%7.8%27.8%17.3%27.9%6.4%1.4%12.2K371.3K-18.0K0.2795.34N/AN/A85231,6401,382
2021-07-28$51.82$55.0029.7%8.5%29.3%23.5%26.5%5.4%1.7%-10.6K1.1M-16.7K4.0092.39N/AN/A24961,7001,400
2021-07-29$52.99$55.0023.5%6.7%29.9%8.2%23.5%4.8%2.9%21.2K404.3K-17.4K0.0098.00N/AN/A5001,7241,403
2021-07-30$52.02$55.0028.0%8.0%30.3%19.4%27.3%2.4%2.1%-12.4K1.1M-17.1K0.8290.70N/AN/A38311,7221,457