PCH Options History — January 2023

In January 2023, PCH traded between $43.13 and $48.84. ATM implied volatility averaged 40.9%, placing in the 58.6% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 11.8% (HV 20d: 29.0%). Max pain ranged from $24.05 to $44.05. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-01-27: Highest Volume — 34 contracts
  • 2023-01-26: Largest IV drop — 43.6% change
  • 2023-01-03: Highest IV Rank — 100.0%
  • 2023-01-03: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.41$43.13$48.84$43.90$48.84
Max Pain$42.05$24.05$44.05$24.05$44.05
ATM IV40.9%20.8%59.3%59.3%47.8%
Expected Move11.1%6.0%17.0%17.0%13.7%
HV 20d29.0%26.4%30.9%28.1%29.1%
HV 60d30.8%30.0%32.0%30.2%31.4%
IV Rank58.6%13.6%100.0%100.0%74.1%
IV Percentile78.4%3.6%100.0%100.0%96.4%
Term Structure-5.8%-32.5%13.8%-13.2%-32.5%
VWIV35.2%19.6%58.9%27.2%58.9%
Skew 25d10.8%-5.4%25.7%10.0%-5.4%
Skew 10d12.2%-9.2%23.5%2.3%-9.2%
Call IV 25d26.8%17.5%39.1%32.8%35.8%
Put IV 25d37.6%26.4%45.1%42.8%30.4%
Bid-Ask Spread %105.0791.96112.31108.4798.96
Gamma HHI0.390.310.470.380.37
Net GEX35.5K16.1K56.1K30.5K54.0K
Net DEX-979.1K-1.4M-361.4K-1.2M-1.0M
Net VEX-3.7K-4.5K-2.9K-4.5K-3.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.001.751.750.00
Total Volume8.25034113
Total OI958.457101,0891,055773

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$43.90$24.0559.3%17.0%28.1%100.0%0.0%10.0%-13.2%30.5K-1.2M-4.5K1.75108.47N/AN/A47788267
2023-01-04$44.07$24.0552.1%14.9%27.2%83.8%0.0%24.1%-11.5%35.3K-1.2M-4.4K0.07112.31N/AN/A151795267
2023-01-05$43.13$44.0551.2%11.9%26.4%81.8%27.2%15.3%-5.5%27.8K-1.0M-4.2K0.00106.85N/AN/A80810268
2023-01-06$44.67$44.0550.1%9.6%27.1%79.4%0.0%13.3%3.0%49.0K-1.3M-4.2K0.00110.06N/AN/A00816268
2023-01-09$44.46$44.0540.9%10.9%26.9%58.7%0.0%15.1%-2.2%33.5K-1.2M-3.9K0.20101.10N/AN/A51816268
2023-01-10$43.13$44.0555.7%11.8%28.6%92.0%0.0%24.4%-1.9%31.4K-1.1M-4.0K0.00104.35N/AN/A00820269
2023-01-11$44.56$44.0541.6%11.9%30.9%60.2%40.6%12.5%-8.8%35.7K-1.1M-3.9K0.00102.08N/AN/A013820269
2023-01-12$44.55$44.0543.2%12.4%30.9%63.9%41.7%13.3%-6.3%41.4K-1.4M-4.3K0.00106.76N/AN/A02820258
2023-01-13$44.36$44.0536.2%10.4%30.9%48.1%0.0%12.8%-3.7%35.4K-1.1M-3.5K0.00105.02N/AN/A10820260
2023-01-17$44.01$44.0539.5%11.3%29.6%55.6%37.5%18.5%-4.5%29.1K-1.1M-3.3K0.00103.49N/AN/A01821260
2023-01-18$44.39$44.0541.5%11.9%29.4%60.0%0.0%25.7%-2.0%25.7K-1.1M-3.5K0.00105.99N/AN/A20821260
2023-01-19$44.35$44.0529.4%8.4%27.6%32.8%26.7%0.1%13.8%16.1K-955.5K-2.9K0.00105.86N/AN/A20823260
2023-01-20$45.74$44.0528.6%8.2%29.2%31.0%27.8%3.0%6.5%21.0K-1.2M-2.9K0.00110.60N/AN/A90822260
2023-01-23$46.63$44.0539.0%11.2%29.7%54.4%33.2%8.5%-3.9%36.9K-611.5K-3.5K0.86104.14N/AN/A76462248
2023-01-24$46.23$44.0538.4%11.0%29.9%53.1%26.3%3.2%-6.3%27.8K-361.4K-2.9K0.24103.86N/AN/A174463248
2023-01-25$46.58$44.0537.0%10.6%29.6%49.8%34.7%2.0%-8.2%35.2K-502.7K-3.0K0.00106.39N/AN/A02470250
2023-01-26$47.73$44.0520.8%6.0%30.4%13.6%19.6%14.3%1.3%42.5K-653.6K-3.3K0.00109.34N/AN/A130470248
2023-01-27$48.77$44.0529.0%8.3%29.8%31.9%38.8%3.7%-2.9%56.1K-856.7K-3.3K0.03103.73N/AN/A331500248
2023-01-30$48.01$44.0536.3%10.4%29.7%48.4%45.1%1.0%-26.2%45.3K-825.2K-3.7K1.6791.96N/AN/A35515248
2023-01-31$48.84$44.0547.8%13.7%29.1%74.1%58.9%-5.4%-32.5%54.0K-1.0M-3.7K0.0098.96N/AN/A30524249