PCH Options History — July 2022

In July 2022, PCH traded between $44.59 and $49.14. ATM implied volatility averaged 29.7%, placing in the 45.2% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 3.2% (HV 20d: 26.5%). Max pain ranged from $45.00 to $46.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2022-07-08: Highest Volume — 309 contracts
  • 2022-07-27: Largest IV drop — 17.1% change
  • 2022-07-15: Highest IV Rank — 61.2%
  • 2022-07-05: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.14$44.59$49.14$45.04$49.14
Max Pain$45.95$45.00$46.00$45.00$46.00
ATM IV29.7%19.6%34.4%32.0%19.6%
Expected Move8.6%5.6%10.1%9.2%5.6%
HV 20d26.5%18.3%38.8%38.8%18.6%
HV 60d35.7%34.3%36.2%36.2%34.3%
IV Rank45.2%15.4%61.2%48.8%15.4%
IV Percentile67.2%5.2%90.9%81.7%5.2%
Term Structure-1.4%-9.3%2.0%2.0%1.5%
VWIV33.7%20.5%50.3%33.7%20.5%
Skew 25d6.2%2.8%12.8%12.8%4.3%
Skew 10d13.6%5.2%20.6%20.6%7.2%
Call IV 25d27.7%18.8%31.7%26.8%18.8%
Put IV 25d33.9%23.1%39.6%39.6%23.1%
Bid-Ask Spread %77.9764.3395.2082.0695.20
Gamma HHI0.290.130.680.350.25
Net GEX-22.1K-124.1K35.0K-33.1K35.0K
Net DEX-58.4K-713.4K289.6K289.3K-713.4K
Net VEX-2.8K-3.4K-2.4K-3.4K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.180.610.330.26
Total Volume249.8206309254260
Total OI1,156.21,0561,2391,2271,151

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$45.04$45.0032.0%9.2%38.8%48.8%33.7%12.8%2.0%-33.1K289.3K-3.4K0.3382.06N/AN/A19163836391
2022-07-05$44.98$46.0029.8%10.1%38.6%42.7%50.3%7.4%-3.6%-41.5K289.5K-3.3K0.3476.93N/AN/A18763844389
2022-07-06$44.98$46.0031.9%9.7%36.3%48.6%39.9%7.1%-2.7%-42.7K289.6K-3.1K0.3276.45N/AN/A19563843389
2022-07-07$45.54$46.0030.6%9.2%36.8%45.0%38.0%8.1%-1.6%-42.7K199.6K-3.1K0.3680.13N/AN/A20072847389
2022-07-08$45.65$46.0027.6%8.8%36.1%36.4%33.9%7.4%-1.0%-52.6K178.4K-2.8K0.6181.01N/AN/A192117852387
2022-07-11$45.13$46.0032.2%9.1%36.1%49.5%38.6%6.8%-1.6%-36.6K112.0K-2.9K0.3578.74N/AN/A17562856338
2022-07-12$45.06$46.0034.4%9.1%33.3%55.6%39.0%6.7%-2.1%-38.9K152.8K-2.7K0.3571.09N/AN/A17662854340
2022-07-13$45.42$46.0031.3%9.0%22.9%47.0%36.8%5.7%-1.7%-45.2K75.9K-2.6K0.3676.03N/AN/A17362859340
2022-07-14$44.59$46.0031.3%9.0%23.8%52.6%41.3%7.7%-1.1%-55.3K248.3K-2.5K0.3977.66N/AN/A16866861339
2022-07-15$45.11$46.0034.0%9.8%24.0%61.2%32.0%8.7%-9.3%-124.1K110.7K-2.4K0.2869.94N/AN/A23265862339
2022-07-18$44.91$46.0029.6%8.5%20.4%47.2%30.2%6.0%-0.8%-10.6K6.3K-2.4K0.1987.80N/AN/A23143775281
2022-07-19$46.09$46.0031.7%9.1%21.7%53.7%31.2%6.0%-1.6%-2.4K-139.8K-2.7K0.1871.96N/AN/A23443780281
2022-07-20$46.86$46.0032.0%9.2%22.0%54.9%33.2%6.0%-0.5%3.0K-248.6K-2.9K0.2575.01N/AN/A16642796286
2022-07-21$46.86$46.0031.6%9.1%21.7%53.5%32.5%4.6%-0.3%2.8K-257.4K-2.9K0.2571.04N/AN/A16542793290
2022-07-22$46.67$46.0031.4%9.0%21.2%52.7%32.5%4.8%-0.8%614-223.3K-2.9K0.2677.63N/AN/A16442795296
2022-07-25$46.60$46.0032.2%9.2%20.0%55.5%33.3%4.3%-1.3%456-214.9K-2.8K0.3164.33N/AN/A17654801296
2022-07-26$47.73$46.0027.1%7.8%21.5%39.0%26.7%3.6%-3.5%9.8K-377.5K-2.8K0.3273.22N/AN/A17154812305
2022-07-27$48.01$46.0022.4%6.4%18.7%24.3%25.8%2.8%0.8%13.0K-426.5K-2.7K0.3986.22N/AN/A17970816302
2022-07-28$48.41$46.0021.1%6.0%18.3%20.0%24.4%3.3%0.6%18.7K-519.1K-2.6K0.3387.03N/AN/A20868827286
2022-07-29$49.14$46.0019.6%5.6%18.6%15.4%20.5%4.3%1.5%35.0K-713.4K-3.1K0.2695.20N/AN/A20753865286