PCH Options History — November 2022

In November 2022, PCH traded between $43.55 and $48.26. ATM implied volatility averaged 32.8%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 0.7% (HV 20d: 32.1%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2022-11-10: Highest Volume — 447 contracts
  • 2022-11-28: Largest IV spike — 45.9% change
  • 2022-11-07: Highest IV Rank — 73.5%
  • 2022-11-21: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.41$43.55$48.26$44.69$47.34
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV32.8%20.5%40.9%34.8%31.2%
Expected Move9.3%5.9%11.4%10.0%8.9%
HV 20d32.1%25.3%37.4%25.3%36.3%
HV 60d33.7%31.7%35.0%31.9%34.7%
IV Rank50.8%16.3%73.5%56.4%46.2%
IV Percentile69.7%4.8%98.4%83.3%58.7%
Term Structure1.2%-5.6%14.8%-1.4%11.4%
VWIV35.1%28.0%43.8%43.8%36.2%
Skew 25d6.7%0.5%16.5%7.2%14.6%
Skew 10d21.0%2.0%70.5%11.4%70.5%
Call IV 25d30.9%16.6%45.9%33.9%21.4%
Put IV 25d37.7%30.7%53.7%41.1%36.1%
Bid-Ask Spread %85.5268.84103.7678.09103.76
Gamma HHI0.440.320.700.460.32
Net GEX-48.4K-160.5K44.3K-106.9K15.4K
Net DEX-898.4K-2.3M385.8K-221.8K-479.4K
Net VEX-5.3K-6.1K-4.5K-5.3K-5.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.002.780.450.43
Total Volume219.952144720021
Total OI1,843.0958302,4732,073955

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$44.69$45.0034.8%10.0%25.3%56.4%43.8%7.2%-1.4%-106.9K-221.8K-5.3K0.4578.09N/AN/A138628211,252
2022-11-02$44.08$45.0036.4%10.4%25.9%60.8%38.4%0.5%-2.3%-110.2K47.9K-5.4K0.4780.36N/AN/A147698471,257
2022-11-03$43.55$45.0032.9%9.6%26.3%50.9%34.4%5.7%-0.3%-121.1K385.8K-5.1K0.7273.73N/AN/A110798671,254
2022-11-04$44.46$45.0032.2%9.7%27.0%49.0%34.6%5.7%0.2%-130.1K-8.8K-5.2K0.6468.84N/AN/A118758711,269
2022-11-07$45.63$45.0040.9%10.6%28.3%73.5%37.4%6.4%-2.7%-94.3K-697.8K-5.0K1.2569.54N/AN/A1421788671,263
2022-11-08$45.59$45.0039.4%10.5%28.2%69.5%36.9%7.4%-2.7%-97.4K-679.6K-6.1K1.2778.34N/AN/A1461859061,366
2022-11-09$44.84$45.0033.3%9.5%28.6%52.1%34.7%6.5%-0.1%-113.5K-281.4K-5.7K1.0378.84N/AN/A1541589111,365
2022-11-10$48.00$45.0031.2%8.9%36.5%46.2%35.0%4.3%0.3%-18.8K-1.9M-5.2K0.6081.65N/AN/A2791689251,368
2022-11-11$48.08$45.0029.9%8.6%35.5%42.5%35.8%4.4%0.8%-5.1K-2.1M-5.6K0.6280.56N/AN/A2601621,0271,370
2022-11-14$46.72$45.0033.9%9.7%37.4%53.9%37.4%6.0%-1.5%-75.3K-1.7M-5.1K1.2384.28N/AN/A1311611,0201,372
2022-11-15$46.93$45.0035.0%10.0%33.2%56.9%32.7%6.7%-2.0%-63.0K-1.8M-5.0K1.1287.06N/AN/A1431601,0251,393
2022-11-16$46.63$45.0034.5%9.9%32.5%55.7%32.6%6.3%-1.4%-97.1K-1.9M-5.0K0.3887.73N/AN/A146561,0581,399
2022-11-17$45.95$45.0032.5%9.3%33.0%49.8%31.8%5.6%-0.9%-160.5K-1.5M-4.7K0.5887.27N/AN/A125731,0581,397
2022-11-18$47.04$45.0034.9%10.0%33.7%56.8%34.4%6.3%-2.7%33.1K-2.3M-4.5K0.7788.09N/AN/A1391071,0591,414
2022-11-21$47.11$45.0039.8%11.4%33.7%70.6%38.8%7.5%-5.6%29.3K-627.3K-4.9K1.3085.26N/AN/A96125505325
2022-11-22$48.15$45.0027.8%8.0%34.3%36.7%32.2%3.6%-0.7%44.3K-831.5K-5.4K2.7887.66N/AN/A82228558345
2022-11-23$48.15$45.0020.5%5.9%33.3%16.3%28.0%9.9%5.4%21.4K-841.2K-6.0K1.1296.94N/AN/A8393582478
2022-11-25$48.26$45.0022.3%6.4%33.2%21.3%0.0%16.5%9.5%29.8K-906.6K-6.0K0.0093.60N/AN/A10583476
2022-11-28$46.47$45.0032.6%9.3%36.3%50.1%32.6%7.8%7.5%-1.6K-246.5K-5.7K0.13100.92N/AN/A81548402
2022-11-29$47.00$45.0032.7%9.4%36.3%50.6%34.0%2.6%14.8%5.8K-370.2K-5.4K0.43103.29N/AN/A73544403
2022-11-30$47.34$45.0031.2%8.9%36.3%46.2%36.2%14.6%11.4%15.4K-479.4K-5.6K0.00103.76N/AN/A021551404