PCH Options History — April 2022

In April 2022, PCH traded between $51.01 and $56.66. ATM implied volatility averaged 26.8%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 2.0% (HV 20d: 24.8%). Max pain ranged from $51.00 to $51.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2022-04-18: Highest Volume — 401 contracts
  • 2022-04-05: Largest IV spike — 70.1% change
  • 2022-04-11: Highest IV Rank — 58.1%
  • 2022-04-25: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.39$51.01$56.66$53.41$55.69
Max Pain$51.00$51.00$51.00$51.00$51.00
ATM IV26.8%14.8%35.3%17.6%29.1%
Expected Move7.8%6.7%9.0%6.8%8.4%
HV 20d24.8%21.8%28.1%25.4%24.9%
HV 60d28.1%26.5%29.8%29.3%27.4%
IV Rank34.2%0.0%58.1%6.0%40.8%
IV Percentile53.8%0.0%95.2%1.6%69.8%
Term Structure-0.9%-4.1%6.0%6.0%0.5%
VWIV29.0%24.1%34.0%25.3%33.1%
Skew 25d6.0%1.1%11.3%4.5%7.0%
Skew 10d9.9%0.4%16.5%0.4%14.7%
Call IV 25d25.0%19.8%31.3%20.6%27.4%
Put IV 25d31.0%25.1%37.6%25.1%34.4%
Bid-Ask Spread %86.0071.5792.7982.8492.53
Gamma HHI0.190.160.240.180.24
Net GEX88.8K36.1K163.8K67.1K135.6K
Net DEX-1.1M-2.6M-255.9K-897.4K-2.2M
Net VEX-6.7K-8.5K-4.8K-6.7K-8.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.501.020.660.76
Total Volume295.9552401318230
Total OI1,378.11,2081,4261,4041,426

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$53.41$51.0017.6%6.8%25.4%6.0%25.3%4.5%6.0%67.1K-897.4K-6.7K0.6682.84N/AN/A1911271,115289
2022-04-04$53.38$51.0014.8%6.7%25.2%0.0%24.9%4.3%0.8%75.1K-1.1M-7.2K0.6784.64N/AN/A1881261,118290
2022-04-05$52.06$51.0025.1%7.5%26.1%29.3%25.2%6.1%-1.1%49.9K-508.3K-5.5K0.6081.21N/AN/A2101261,117289
2022-04-06$51.01$51.0026.8%7.8%26.6%34.0%24.1%10.6%-1.5%36.1K-255.9K-4.9K0.7182.51N/AN/A1781271,100289
2022-04-07$51.66$51.0027.9%8.0%24.6%37.1%26.5%11.3%-1.5%39.2K-328.2K-4.8K0.8884.27N/AN/A1551371,081291
2022-04-08$51.81$51.0024.0%7.8%24.5%26.2%27.2%1.3%-0.4%52.0K-514.2K-5.7K0.8086.35N/AN/A1551241,082309
2022-04-11$52.03$51.0035.3%8.1%24.6%58.1%28.5%6.7%-1.8%46.6K-423.2K-5.1K0.7485.15N/AN/A1691251,080312
2022-04-12$52.00$51.0030.6%8.2%24.6%45.0%31.4%6.0%-2.1%57.9K-508.1K-5.3K0.9180.30N/AN/A1381251,100315
2022-04-13$52.51$51.0027.8%8.0%24.3%36.9%29.2%5.2%-1.7%66.8K-643.0K-5.4K0.9184.97N/AN/A1381251,103315
2022-04-14$52.68$51.0027.6%7.9%24.1%36.3%29.7%5.7%-4.1%73.5K-681.7K-5.4K0.5086.48N/AN/A2321151,103315
2022-04-18$52.24$51.0028.3%8.1%23.9%38.5%26.8%5.6%-0.4%75.8K-915.6K-6.0K0.5285.05N/AN/A263138978230
2022-04-19$54.32$51.0025.4%7.3%28.1%30.2%28.5%5.0%-1.6%113.4K-1.5M-7.4K0.6490.17N/AN/A2141361,033275
2022-04-20$54.59$51.0025.2%7.2%27.8%29.6%27.8%5.3%-1.4%125.8K-1.7M-7.7K0.6087.19N/AN/A2471481,036275
2022-04-21$54.48$51.0026.6%7.6%27.2%33.5%29.0%6.2%-1.8%118.6K-1.6M-7.8K0.6292.79N/AN/A2371481,060290
2022-04-22$54.41$51.0027.6%7.9%23.2%36.5%32.2%4.4%-1.2%119.7K-1.6M-8.1K0.5591.12N/AN/A2221211,078291
2022-04-25$54.06$51.0031.4%9.0%22.2%47.2%34.0%4.7%-3.4%117.5K-1.7M-8.3K0.7771.57N/AN/A1601231,085294
2022-04-26$53.95$51.0031.4%9.0%22.2%47.1%32.3%1.1%-2.1%114.4K-1.5M-7.8K1.0287.10N/AN/A1081101,093307
2022-04-27$54.77$51.0027.4%7.9%21.8%35.9%31.9%11.0%-0.5%127.9K-1.8M-8.0K1.0092.08N/AN/A26261,091307
2022-04-28$56.66$51.0027.2%7.8%24.6%35.3%31.5%7.3%0.8%163.8K-2.6M-8.5K0.8191.69N/AN/A1391121,112288
2022-04-29$55.69$51.0029.1%8.4%24.9%40.8%33.1%7.0%0.5%135.6K-2.2M-8.2K0.7692.53N/AN/A131991,139287