PCH Options History — March 2022

In March 2022, PCH traded between $51.81 and $55.91. ATM implied volatility averaged 26.4%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 3.4% (HV 20d: 29.7%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.46.

Notable Days

  • 2022-03-11: Highest Volume — 409 contracts
  • 2022-03-08: Largest IV drop — 19.8% change
  • 2022-03-07: Highest IV Rank — 63.7%
  • 2022-03-07: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.28$51.81$55.91$53.79$52.85
Max Pain$52.48$50.00$55.00$55.00$51.00
ATM IV26.4%17.7%37.5%31.7%21.6%
Expected Move8.3%6.8%10.8%9.1%7.6%
HV 20d29.7%25.1%33.1%30.6%25.1%
HV 60d32.4%29.6%34.7%34.1%29.8%
IV Rank31.4%6.2%63.7%46.9%17.5%
IV Percentile43.4%1.6%97.2%74.2%13.1%
Term Structure2.1%-3.8%7.2%-3.8%5.0%
VWIV31.2%24.7%48.6%32.1%25.5%
Skew 25d5.4%2.0%8.3%4.5%4.7%
Skew 10d10.1%-2.6%19.7%19.7%-2.6%
Call IV 25d25.0%19.4%32.6%32.6%21.1%
Put IV 25d30.3%24.8%38.0%37.1%25.7%
Bid-Ask Spread %83.2865.65101.4289.8880.96
Gamma HHI0.230.180.320.190.18
Net GEX89.7K52.9K134.0K62.8K60.4K
Net DEX-1.4M-2.2M-567.7K-1.1M-776.3K
Net VEX-7.0K-8.2K-5.1K-6.2K-6.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.260.710.310.71
Total Volume284.304184409248322
Total OI1,229.6099821,4099821,380

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$53.79$55.0031.7%9.1%30.6%46.9%32.1%4.5%-3.8%62.8K-1.1M-6.2K0.3189.88N/AN/A18959805177
2022-03-02$55.59$55.0027.1%7.8%32.3%33.6%27.7%7.8%0.6%84.5K-1.5M-6.5K0.3295.29N/AN/A17857808181
2022-03-03$54.51$55.0029.9%8.6%32.6%41.6%31.9%8.3%2.9%84.7K-1.3M-6.9K0.4597.28N/AN/A12757864181
2022-03-04$54.75$55.0034.0%9.8%32.4%53.6%40.5%6.0%0.3%88.4K-1.4M-7.2K0.6691.56N/AN/A11979874181
2022-03-07$54.30$55.0037.5%10.8%32.6%63.7%40.2%7.5%4.2%79.9K-1.3M-7.2K0.4891.56N/AN/A16579878205
2022-03-08$53.42$55.0030.1%9.7%33.1%42.2%40.0%2.0%0.0%71.5K-1.1M-6.7K0.4990.01N/AN/A14873904205
2022-03-09$53.90$55.0027.1%8.4%31.1%33.6%28.9%5.6%0.8%76.9K-1.2M-6.5K0.5093.46N/AN/A15979903206
2022-03-10$55.48$55.0028.8%8.6%31.3%38.4%48.6%5.3%0.1%99.3K-1.6M-7.4K0.30101.42N/AN/A26679916213
2022-03-11$54.80$55.0030.6%9.9%30.4%43.8%36.5%6.3%0.1%105.5K-1.7M-8.2K0.26101.26N/AN/A325841,030213
2022-03-14$54.82$51.0031.7%9.0%30.2%46.8%33.3%4.7%-0.2%105.5K-1.7M-8.2K0.3965.65N/AN/A213841,074217
2022-03-15$54.42$51.0029.5%8.7%30.2%40.6%32.0%6.0%0.6%107.0K-1.6M-8.1K0.3867.15N/AN/A218821,106213
2022-03-16$55.16$51.0026.2%8.0%29.6%30.8%29.8%6.2%1.7%121.1K-1.9M-8.1K0.4774.61N/AN/A189881,112219
2022-03-17$55.59$51.0024.6%7.5%29.7%26.1%28.1%4.5%1.5%129.2K-2.0M-8.1K0.3772.86N/AN/A234861,120224
2022-03-18$55.91$50.0024.2%7.4%28.6%25.0%28.2%4.7%1.7%130.8K-2.2M-8.2K0.3072.77N/AN/A285861,133223
2022-03-21$55.38$50.0023.5%7.5%28.8%23.1%27.7%4.9%2.7%134.0K-1.8M-7.8K0.5175.79N/AN/A181931,076162
2022-03-22$54.61$51.0022.1%7.2%29.2%19.1%27.9%3.8%3.1%107.5K-1.4M-7.1K0.4276.76N/AN/A165691,081183
2022-03-23$53.79$51.0022.1%7.3%27.5%19.0%28.3%3.4%3.2%86.8K-1.2M-6.4K0.5677.13N/AN/A158881,076186
2022-03-24$51.81$51.0026.0%7.7%29.1%30.3%27.5%5.3%1.0%52.9K-567.7K-5.1K0.4675.81N/AN/A171791,073209
2022-03-25$52.97$51.0021.5%7.9%28.1%17.3%27.0%4.4%5.8%70.4K-918.7K-6.2K0.4978.97N/AN/A197961,097220
2022-03-28$52.91$51.0020.7%7.9%28.1%14.9%26.7%5.2%7.2%62.4K-861.9K-6.0K0.7081.06N/AN/A1871301,114244
2022-03-29$53.93$51.0017.7%6.8%28.2%6.2%24.8%6.5%5.8%68.7K-1.1M-6.8K0.6182.86N/AN/A2141301,105281
2022-03-30$53.66$51.0018.4%6.8%25.4%8.2%24.7%5.5%5.2%72.4K-1.0M-6.9K0.5481.42N/AN/A2421301,128281
2022-03-31$52.85$51.0021.6%7.6%25.1%17.5%25.5%4.7%5.0%60.4K-776.3K-6.3K0.7180.96N/AN/A1881341,098282