PCH Options History — May 2022

In May 2022, PCH traded between $51.84 and $58.00. ATM implied volatility averaged 31.1%, placing in the 46.3% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 4.0% (HV 20d: 35.1%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2022-05-23: Highest Volume — 362 contracts
  • 2022-05-31: Largest IV spike — 40.4% change
  • 2022-05-12: Highest IV Rank — 64.0%
  • 2022-05-12: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.94$51.84$58.00$54.09$52.27
Max Pain$50.38$50.00$55.00$51.00$50.00
ATM IV31.1%23.8%37.3%32.6%33.4%
Expected Move8.8%6.8%10.7%9.3%9.6%
HV 20d35.1%27.1%42.4%27.1%42.4%
HV 60d29.7%28.0%32.0%28.0%32.0%
IV Rank46.3%25.6%64.0%50.6%52.8%
IV Percentile77.2%25.0%98.8%87.7%91.3%
Term Structure-1.4%-8.6%1.4%-1.8%1.2%
VWIV32.7%23.7%37.8%34.9%34.8%
Skew 25d6.2%-6.8%18.3%6.1%5.5%
Skew 10d15.1%9.1%37.6%11.7%24.0%
Call IV 25d29.1%23.4%34.9%31.6%31.5%
Put IV 25d35.3%27.8%42.2%37.7%37.0%
Bid-Ask Spread %82.5872.0295.6392.2078.12
Gamma HHI0.240.190.310.220.24
Net GEX109.1K48.1K220.9K124.0K67.8K
Net DEX-1.5M-3.4M-757.1K-1.7M-947.6K
Net VEX-7.0K-8.8K-5.7K-7.8K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.150.960.500.51
Total Volume273.095199362302304
Total OI1,409.3338491,6421,4221,069

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$54.09$51.0032.6%9.3%27.1%50.6%34.9%6.1%-1.8%124.0K-1.7M-7.8K0.5092.20N/AN/A2011011,136286
2022-05-03$55.84$51.0029.5%8.5%29.2%41.9%33.9%6.1%0.2%169.0K-2.4M-8.5K0.7092.63N/AN/A1451011,207283
2022-05-04$58.00$51.0027.6%7.9%30.0%36.4%28.6%4.3%-3.0%220.9K-3.4M-8.8K0.5593.01N/AN/A177971,216284
2022-05-05$55.85$50.0030.0%8.6%32.5%43.4%31.5%6.1%-0.7%167.1K-2.4M-8.5K0.7173.08N/AN/A1921361,207283
2022-05-06$54.82$50.0029.5%8.4%33.3%41.9%33.2%6.6%-0.1%147.4K-1.9M-8.2K0.7876.87N/AN/A1721341,242323
2022-05-09$53.86$50.0035.8%8.9%34.1%59.7%34.7%6.2%0.1%119.1K-1.5M-7.6K0.9672.02N/AN/A1341281,246324
2022-05-10$53.15$50.0026.6%7.6%34.5%33.6%36.4%9.3%0.6%110.2K-1.3M-7.3K0.9275.78N/AN/A1421301,259340
2022-05-11$51.84$50.0036.8%10.5%35.8%62.4%36.1%8.3%-3.7%65.6K-757.1K-6.7K0.7373.83N/AN/A1491091,264342
2022-05-12$52.08$50.0037.3%10.7%35.6%64.0%37.8%7.5%-3.6%72.2K-868.3K-6.8K0.7974.85N/AN/A1521201,268347
2022-05-13$52.07$50.0033.7%9.7%35.6%53.7%34.6%7.5%-2.3%64.6K-774.0K-6.2K0.6578.41N/AN/A142921,264356
2022-05-16$52.44$50.0033.6%9.6%35.6%53.5%35.2%6.1%-2.6%69.0K-882.6K-5.9K0.7175.36N/AN/A136961,265353
2022-05-17$54.71$50.0027.0%7.7%36.1%34.6%27.5%5.1%1.4%180.2K-1.8M-6.4K0.4689.79N/AN/A196911,266355
2022-05-18$53.35$50.0034.9%10.0%37.1%57.0%36.3%4.5%-5.2%105.0K-1.3M-6.4K0.4781.23N/AN/A190891,283356
2022-05-19$53.71$50.0029.7%8.5%37.2%42.4%30.5%5.0%0.0%119.7K-1.4M-6.4K0.4976.58N/AN/A183891,284358
2022-05-20$53.24$50.0028.7%8.2%37.3%39.6%31.2%4.1%-0.5%48.1K-1.1M-5.8K0.4881.28N/AN/A167811,284358
2022-05-23$53.41$50.0029.0%8.3%37.3%40.4%29.1%8.0%-1.0%54.5K-991.2K-5.7K0.1588.16N/AN/A31448692157
2022-05-24$53.39$55.0029.3%8.4%37.3%41.2%29.3%8.4%0.1%75.6K-1.2M-6.7K0.1986.61N/AN/A27953827163
2022-05-25$54.08$50.0028.8%8.2%37.2%39.7%30.6%3.6%-0.4%86.8K-1.3M-6.9K0.3686.30N/AN/A14653832169
2022-05-26$54.61$50.0035.4%10.1%35.1%58.5%37.0%-6.8%-8.6%93.0K-1.4M-6.9K0.3292.39N/AN/A16653843169
2022-05-27$55.99$50.0023.8%6.8%35.9%25.6%23.7%18.3%0.7%131.4K-1.9M-7.4K0.2795.63N/AN/A19453867169
2022-05-31$52.27$50.0033.4%9.6%42.4%52.8%34.8%5.5%1.2%67.8K-947.6K-6.1K0.5178.12N/AN/A201103900169