PCH Options History — February 2023

In February 2023, PCH traded between $46.03 and $49.63. ATM implied volatility averaged 36.7%, placing in the 49.2% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 12.3% (HV 20d: 24.4%). Max pain ranged from $44.05 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.25.

Notable Days

  • 2023-02-02: Highest Volume — 37 contracts
  • 2023-02-21: Largest IV spike — 30.2% change
  • 2023-02-28: Highest IV Rank — 79.9%
  • 2023-02-28: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.52$46.03$49.63$49.41$46.48
Max Pain$44.95$44.05$45.00$44.05$45.00
ATM IV36.7%24.4%50.4%37.1%50.4%
Expected Move10.3%6.5%14.4%10.6%14.4%
HV 20d24.4%19.3%29.1%29.1%19.3%
HV 60d28.1%26.0%31.4%31.3%26.0%
IV Rank49.2%21.7%79.9%50.1%79.9%
IV Percentile66.6%14.7%97.6%79.4%97.6%
Term Structure-1.7%-20.0%13.9%-11.6%-11.7%
VWIV29.5%22.3%40.7%40.7%22.3%
Skew 25d14.4%7.8%34.9%7.8%27.0%
Skew 10d17.2%-22.2%60.0%1.1%12.4%
Call IV 25d23.8%13.7%29.5%25.8%18.8%
Put IV 25d38.2%30.6%48.6%33.6%45.8%
Bid-Ask Spread %108.50102.51114.95108.38113.14
Gamma HHI0.350.220.550.390.24
Net GEX44.3K16.4K68.1K65.9K23.5K
Net DEX-722.1K-1.1M-394.4K-1.1M-521.8K
Net VEX-3.4K-3.9K-2.7K-3.7K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.001.750.000.00
Total Volume9.10513722
Total OI717.263454833777527

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$49.41$44.0537.1%10.6%29.1%50.1%0.0%7.8%-11.6%65.9K-1.1M-3.7K0.00108.38N/AN/A20528249
2023-02-02$49.63$45.0036.2%11.1%29.1%48.2%40.7%12.5%-14.0%66.3K-1.0M-3.3K0.03111.42N/AN/A361530249
2023-02-03$48.95$45.0027.3%7.6%28.2%28.1%26.6%8.0%8.1%67.6K-976.4K-3.8K1.75102.51N/AN/A47557248
2023-02-06$47.56$45.0035.2%6.5%28.7%46.0%24.1%10.9%10.1%45.7K-689.5K-3.5K0.00102.74N/AN/A10557255
2023-02-07$47.81$45.0042.6%10.8%28.5%62.4%36.7%8.0%-1.0%68.1K-1.1M-3.8K1.00106.77N/AN/A11558255
2023-02-08$47.72$45.0038.3%11.0%25.7%52.9%35.2%9.2%-2.9%51.3K-924.8K-3.9K0.00107.95N/AN/A60559254
2023-02-09$47.51$45.0030.9%8.9%23.7%36.2%0.0%8.5%2.1%48.3K-764.0K-3.7K0.29110.43N/AN/A72565254
2023-02-10$47.72$45.0030.1%8.6%23.7%34.3%0.0%18.8%2.3%51.4K-813.1K-3.5K0.00114.95N/AN/A20572254
2023-02-13$48.03$45.0029.7%8.5%23.5%33.5%0.0%8.1%1.2%56.4K-813.1K-3.4K0.00108.34N/AN/A10574254
2023-02-14$47.88$45.0028.7%8.2%23.2%31.3%0.0%7.9%8.1%60.9K-728.0K-3.2K0.00112.38N/AN/A90574254
2023-02-15$48.39$45.0024.4%7.0%23.3%21.7%31.2%9.1%13.9%64.8K-846.3K-3.2K0.20110.70N/AN/A51579254
2023-02-16$47.84$45.0028.4%8.2%23.9%30.7%26.0%11.4%10.1%52.6K-755.9K-3.4K0.00107.79N/AN/A50577254
2023-02-17$47.10$45.0034.2%9.8%22.6%43.6%28.3%16.9%-0.0%17.9K-540.6K-3.2K0.10111.39N/AN/A101578254
2023-02-21$46.03$45.0044.5%12.8%23.1%66.7%0.0%17.4%-8.8%16.4K-394.4K-3.0K0.31105.14N/AN/A268293161
2023-02-22$46.06$45.0040.7%11.7%22.9%58.2%23.5%13.2%-3.2%19.0K-440.2K-3.6K0.00103.55N/AN/A210326169
2023-02-23$46.55$45.0045.9%13.2%23.1%69.9%22.3%16.9%-20.0%23.2K-468.0K-3.4K0.00103.34N/AN/A20347169
2023-02-24$46.06$45.0044.2%12.7%21.5%66.2%0.0%34.9%-7.2%20.6K-426.1K-3.1K1.00110.62N/AN/A55346169
2023-02-27$46.23$45.0048.0%13.8%19.8%74.6%0.0%28.2%-8.5%20.9K-457.1K-3.4K0.00110.04N/AN/A20351174
2023-02-28$46.48$45.0050.4%14.4%19.3%79.9%0.0%27.0%-11.7%23.5K-521.8K-2.7K0.00113.14N/AN/A20353174