PCH Options History — March 2023

In March 2023, PCH traded between $46.16 and $49.30. ATM implied volatility averaged 36.3%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 15.9% (HV 20d: 20.4%). Max pain ranged from $35.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.58.

Notable Days

  • 2023-03-20: Highest Volume — 114 contracts
  • 2023-03-06: Largest IV spike — 93.9% change
  • 2023-03-07: Highest IV Rank — 83.0%
  • 2023-03-28: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.65$46.16$49.30$46.61$49.24
Max Pain$44.13$35.00$50.00$45.00$45.00
ATM IV36.3%24.2%51.7%35.9%28.9%
Expected Move9.4%6.8%14.2%10.3%8.3%
HV 20d20.4%15.2%26.5%18.1%26.5%
HV 60d24.8%23.6%26.0%26.0%25.2%
IV Rank48.4%21.3%83.0%47.3%31.8%
IV Percentile58.2%10.3%98.0%71.0%27.0%
Term Structure3.0%-16.9%18.2%4.5%1.1%
VWIV31.7%19.0%50.9%33.4%27.9%
Skew 25d9.9%-10.0%24.3%18.8%9.3%
Skew 10d13.6%-16.6%35.8%18.6%12.8%
Call IV 25d28.1%19.3%41.1%19.4%27.2%
Put IV 25d38.0%18.7%60.2%38.2%36.5%
Bid-Ask Spread %105.2099.08115.25109.11100.52
Gamma HHI0.280.240.320.250.32
Net GEX40.1K24.1K71.5K24.1K71.5K
Net DEX-803.3K-1.2M-440.4K-440.4K-1.1M
Net VEX-3.9K-4.6K-2.9K-3.1K-4.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.002.000.000.25
Total Volume15.3040114510
Total OI649.13529744529744

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$46.61$45.0035.9%10.3%18.1%47.3%0.0%18.8%4.5%24.1K-440.4K-3.1K0.00109.11N/AN/A50355174
2023-03-02$46.49$45.0044.2%12.7%17.4%66.1%33.4%7.7%-12.9%26.1K-473.0K-3.2K2.00115.25N/AN/A12358174
2023-03-03$47.01$45.0024.2%6.9%17.9%21.3%0.0%-0.6%18.0%28.5K-495.4K-2.9K1.00111.35N/AN/A22359173
2023-03-06$46.31$50.0047.0%8.4%18.0%72.4%33.0%2.7%1.4%27.0K-455.8K-3.1K1.79108.31N/AN/A1425361171
2023-03-07$46.16$35.0051.7%11.0%15.2%83.0%27.8%9.1%-16.9%25.4K-567.0K-3.4K0.00102.74N/AN/A01375191
2023-03-08$47.50$40.0047.0%9.0%18.4%72.4%19.0%9.3%4.9%32.0K-659.9K-3.5K0.00109.14N/AN/A10375192
2023-03-09$47.61$40.0029.4%6.8%18.5%32.8%26.2%-3.9%15.4%34.9K-738.6K-3.4K0.03100.48N/AN/A682376192
2023-03-10$47.52$40.0038.0%8.8%18.4%52.1%37.7%12.3%6.3%34.9K-766.1K-4.0K1.09107.09N/AN/A1112428194
2023-03-13$48.00$45.0044.0%8.0%18.7%65.5%33.3%24.3%6.8%36.1K-821.4K-4.1K0.33107.04N/AN/A62433206
2023-03-14$47.62$45.0035.5%7.6%18.8%46.5%31.1%7.0%8.9%35.9K-794.2K-4.1K0.00103.14N/AN/A10438206
2023-03-15$48.25$45.0031.2%8.9%19.3%36.9%50.9%15.3%6.1%36.6K-851.4K-4.1K0.50101.83N/AN/A21443206
2023-03-16$49.30$45.0025.4%7.3%20.5%24.0%30.8%2.0%14.8%42.6K-1.0M-4.0K0.00109.48N/AN/A110444206
2023-03-17$48.80$45.0031.0%8.9%20.4%36.5%32.0%-10.0%4.9%33.5K-940.0K-4.1K0.50109.70N/AN/A42451206
2023-03-20$49.09$45.0029.1%8.3%19.4%32.2%26.8%7.9%12.7%33.5K-879.5K-4.1K0.01103.21N/AN/A1131408203
2023-03-21$49.28$45.0025.7%7.4%17.0%24.7%28.8%13.4%7.9%54.4K-1.2M-4.5K0.15100.60N/AN/A203517204
2023-03-22$47.46$45.0047.7%13.7%22.4%73.9%31.3%19.3%-9.9%49.9K-910.2K-4.6K0.50105.20N/AN/A42528203
2023-03-23$46.73$45.0044.6%12.8%22.9%66.9%35.9%14.0%-13.0%44.6K-762.9K-4.3K2.00102.23N/AN/A12529205
2023-03-24$46.69$45.0043.8%12.5%22.6%65.1%0.0%7.3%-1.7%44.1K-807.5K-4.3K0.00108.23N/AN/A140530206
2023-03-27$47.66$45.0029.8%8.5%23.7%33.8%0.0%22.2%-2.8%51.9K-952.0K-4.2K0.00103.77N/AN/A20533206
2023-03-28$46.78$45.0049.4%14.2%24.6%77.9%31.4%22.1%-10.9%43.4K-872.0K-4.3K0.00102.49N/AN/A20535206
2023-03-29$47.69$45.0027.2%7.8%25.5%27.9%0.0%14.3%18.2%54.3K-915.5K-4.2K0.0099.71N/AN/A00537206
2023-03-30$48.14$45.0024.2%6.9%25.7%21.3%32.6%3.4%5.4%57.6K-1.0M-4.1K2.0099.08N/AN/A12537206
2023-03-31$49.24$45.0028.9%8.3%26.5%31.8%27.9%9.3%1.1%71.5K-1.1M-4.0K0.25100.52N/AN/A82537207