PCH Options History — September 2021

In September 2021, PCH traded between $49.98 and $54.62. ATM implied volatility averaged 23.8%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 2.1% (HV 20d: 25.9%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.57.

Notable Days

  • 2021-09-02: Highest Volume — 359 contracts
  • 2021-09-20: Largest IV spike — 42.4% change
  • 2021-09-20: Highest IV Rank — 37.7%
  • 2021-09-20: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.65$49.98$54.62$52.62$51.78
Max Pain$54.05$50.00$55.00$50.00$55.00
ATM IV23.8%17.3%30.6%26.5%25.0%
Expected Move7.0%5.6%8.8%7.6%7.2%
HV 20d25.9%19.4%30.2%19.4%30.2%
HV 60d25.0%23.2%26.3%23.2%26.3%
IV Rank17.4%0.0%37.7%20.0%21.6%
IV Percentile8.9%0.0%38.9%11.1%11.1%
Term Structure4.0%1.0%12.6%12.6%3.5%
VWIV24.7%19.6%34.8%30.3%25.5%
Skew 25d6.5%-0.1%19.6%17.2%-0.1%
Skew 10d15.5%-4.0%64.1%26.2%-4.0%
Call IV 25d21.7%11.3%26.2%11.3%25.3%
Put IV 25d28.2%24.2%44.4%28.5%25.3%
Bid-Ask Spread %90.6883.93106.4194.5693.58
Gamma HHI0.290.220.390.250.28
Net GEX35.5K-16.5K129.8K-12.3K3.2K
Net DEX-2.8K-1.1M1.2M-16.8K959.1K
Net VEX-12.3K-14.0K-10.8K-13.7K-10.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.0117.630.730.33
Total Volume102.42963595732
Total OI2,530.2382,1532,7242,4152,712

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$52.62$50.0026.5%7.6%19.4%20.0%30.3%17.2%12.6%-12.3K-16.8K-13.7K0.7394.56N/AN/A33241,1741,241
2021-09-02$53.92$50.0019.2%6.5%21.0%0.0%23.7%7.2%10.9%18.7K-808.3K-14.0K0.1986.40N/AN/A301581,1861,249
2021-09-03$54.62$50.0019.4%6.7%21.2%0.7%23.1%3.8%7.9%24.5K-1.1M-13.1K0.1485.28N/AN/A5781,1721,257
2021-09-07$53.59$50.0017.3%6.6%22.1%0.0%24.1%6.5%2.7%112.0K-863.2K-13.1K0.6785.09N/AN/A21141,4281,205
2021-09-08$52.77$55.0023.8%6.8%23.0%18.4%23.8%4.6%2.6%71.2K-328.0K-12.7K0.6485.48N/AN/A25161,4461,215
2021-09-09$51.67$55.0025.7%7.4%23.6%23.6%25.1%4.0%3.2%15.6K362.4K-12.2K2.6387.41N/AN/A8211,4511,219
2021-09-10$51.72$55.0026.1%7.5%23.6%24.9%21.3%5.2%2.1%12.4K266.2K-11.8K2.3387.17N/AN/A6141,4631,219
2021-09-13$51.42$55.0026.9%7.7%23.6%27.2%25.1%5.7%1.7%12.3K393.8K-11.3K0.0187.83N/AN/A31221,4671,205
2021-09-14$49.98$55.0026.7%7.6%25.4%26.4%27.4%6.2%1.8%-2.6K1.2M-11.5K0.3693.02N/AN/A33121,4631,208
2021-09-15$51.78$55.0026.9%7.7%27.1%27.0%26.2%5.7%1.7%-16.5K808.7K-11.6K0.0894.07N/AN/A1211,3371,209
2021-09-16$52.08$55.0026.9%7.7%27.1%27.1%26.9%6.0%1.8%796604.9K-11.6K0.1093.23N/AN/A4241,3661,210
2021-09-17$52.86$55.0021.5%6.2%27.1%11.9%22.1%4.1%3.8%3.4K234.9K-12.1K0.1794.87N/AN/A4171,3911,209
2021-09-20$51.56$55.0030.6%8.8%28.9%37.7%30.2%6.8%1.0%-15.5K534.8K-12.2K17.6383.93N/AN/A193351,0691,084
2021-09-21$52.47$55.0028.0%8.0%29.2%30.2%23.6%5.2%3.0%-1.7K210.6K-11.8K0.0291.30N/AN/A21651,0771,084
2021-09-22$53.44$55.0022.5%6.5%29.6%14.7%22.8%6.2%3.0%13.9K-224.0K-11.7K0.4389.74N/AN/A86371,0881,151
2021-09-23$53.81$55.0022.0%6.3%29.4%13.2%22.0%6.1%3.3%91.4K-759.3K-12.0K1.0991.81N/AN/A66721,2621,150
2021-09-24$53.67$55.0019.4%5.6%29.3%5.8%19.6%6.2%5.5%113.5K-654.8K-12.3K2.2489.15N/AN/A21471,3271,170
2021-09-27$53.40$55.0021.5%6.2%27.4%11.9%21.5%4.3%2.9%107.8K-453.7K-12.1K0.2693.57N/AN/A76201,3841,219
2021-09-28$52.89$55.0022.8%6.5%27.5%15.5%34.8%19.6%3.3%64.5K10.8K-13.2K0.86106.41N/AN/A22191,3941,250
2021-09-29$53.57$55.0020.3%5.8%27.8%8.5%20.4%5.9%5.6%129.8K-410.5K-12.5K2.0090.45N/AN/A241,4541,270
2021-09-30$51.78$55.0025.0%7.2%30.2%21.6%25.5%-0.1%3.5%3.2K959.1K-10.8K0.3393.58N/AN/A2481,4491,263