PCH Options History — December 2022

In December 2022, PCH traded between $43.59 and $47.74. ATM implied volatility averaged 40.7%, placing in the 64.0% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 10.1% (HV 20d: 30.6%). Max pain ranged from $24.05 to $45.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2022-12-01: Highest Volume — 302 contracts
  • 2022-12-14: Largest IV drop — 42.0% change
  • 2022-12-13: Highest IV Rank — 100.0%
  • 2022-12-27: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.72$43.59$47.74$47.60$43.97
Max Pain$37.17$24.05$45.00$45.00$24.05
ATM IV40.7%29.6%58.4%33.4%46.7%
Expected Move11.1%8.5%14.9%9.6%13.4%
HV 20d30.6%26.2%38.3%35.8%28.2%
HV 60d31.8%29.7%35.1%34.7%30.2%
IV Rank64.0%38.8%100.0%52.4%73.1%
IV Percentile88.6%51.6%100.0%74.6%98.4%
Term Structure-3.8%-14.7%6.1%-4.6%-6.6%
VWIV34.4%21.7%46.0%39.2%44.1%
Skew 25d5.7%-27.5%17.1%5.0%11.1%
Skew 10d11.5%-27.9%58.4%58.4%3.1%
Call IV 25d32.5%23.3%68.4%34.5%30.3%
Put IV 25d38.2%29.7%49.2%39.5%41.4%
Bid-Ask Spread %103.2990.98110.25101.63100.49
Gamma HHI0.390.330.470.330.41
Net GEX11.7K-73.9K47.6K17.0K36.8K
Net DEX-640.0K-1.3M274.3K-549.9K-1.2M
Net VEX-5.1K-6.9K0-5.6K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.005.640.920.00
Total Volume39.52403023020
Total OI1,129.09501,3599921,055

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$47.60$45.0033.4%9.6%35.8%52.4%39.2%5.0%-4.6%17.0K-549.9K-5.6K0.92101.63N/AN/A157145567425
2022-12-02$47.74$45.0029.6%8.5%35.3%41.9%35.6%7.2%-2.5%20.5K-669.2K-6.9K1.00108.31N/AN/A11724570
2022-12-05$46.56$40.0041.2%11.0%36.2%74.4%26.6%9.2%-6.2%-26.2K-150.2K-6.4K0.10110.25N/AN/A202725571
2022-12-06$45.27$40.0040.3%11.6%36.6%72.0%34.3%4.7%-10.1%-51.0K274.3K-5.9K3.00106.14N/AN/A412713573
2022-12-07$46.72$45.0036.3%9.9%38.3%60.7%0.0%6.8%3.8%-26.4K-246.4K-5.9K0.13103.71N/AN/A81717583
2022-12-08$46.98$45.0038.2%11.8%37.8%66.0%46.0%-0.9%-9.1%42.5K-739.0K-5.0K0.00103.61N/AN/A160725583
2022-12-09$46.94$45.0039.0%11.9%28.7%68.3%0.0%12.9%-3.5%-27.4K-391.3K-5.9K0.23105.76N/AN/A133732585
2022-12-12$47.59$45.0048.5%9.1%29.2%94.9%33.3%9.6%-1.6%3.3K-536.3K-5.7K5.6497.78N/AN/A1162722588
2022-12-13$47.55$45.0058.4%9.4%27.2%100.0%31.5%-2.2%1.5%22.9K-590.8K-6.0K0.04103.45N/AN/A261687647
2022-12-14$47.61$45.0033.9%9.7%27.2%43.8%21.7%9.7%0.4%25.4K-651.2K-5.9K0.00103.38N/AN/A20710646
2022-12-15$46.34$45.0041.5%11.9%28.8%61.2%0.0%14.2%-8.8%-73.9K-181.3K-5.7K0.67100.18N/AN/A32710644
2022-12-16$45.55$45.0031.7%9.1%29.0%38.8%28.6%10.6%3.0%32.6K-358.8K-4.8K0.25102.96N/AN/A41713646
2022-12-19$44.28$45.0032.6%9.3%29.2%40.8%38.2%0.7%6.1%22.9K-157.4K-4.3K0.0290.98N/AN/A2125585262
2022-12-20$43.73$0.0044.4%12.7%29.3%67.8%39.8%-4.1%-12.1%0000.54108.35N/AN/A372000
2022-12-21$44.24$24.0541.1%11.8%28.3%60.3%32.3%8.9%-3.3%37.4K-1.2M-4.7K0.5799.89N/AN/A74783263
2022-12-22$44.08$24.0535.3%10.1%28.3%46.9%35.3%4.8%4.3%30.0K-1.1M-4.5K0.33100.29N/AN/A62777265
2022-12-23$44.74$24.0542.0%12.0%29.0%62.4%29.1%6.0%-2.7%42.5K-1.3M-4.8K0.00103.59N/AN/A60783267
2022-12-27$44.40$24.0551.9%14.9%26.2%85.1%34.7%17.1%-14.7%37.4K-1.2M-4.6K0.00104.88N/AN/A300788267
2022-12-28$43.59$24.0546.6%13.3%26.2%72.8%0.0%-27.5%-1.9%31.8K-1.2M-4.8K0.00109.18N/AN/A00788267
2022-12-29$44.72$24.0541.5%11.9%28.0%61.2%44.1%16.7%-11.1%47.6K-1.3M-4.4K0.00104.29N/AN/A06788267
2022-12-30$43.97$24.0546.7%13.4%28.2%73.1%0.0%11.1%-6.6%36.8K-1.2M-4.3K0.00100.49N/AN/A00788267