PCH Options History — April 2023

In April 2023, PCH traded between $45.22 and $49.55. ATM implied volatility averaged 33.0%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 8.5% (HV 20d: 24.5%). Max pain ranged from $39.05 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.54.

Notable Days

  • 2023-04-24: Highest Volume — 31 contracts
  • 2023-04-26: Largest IV spike — 77.9% change
  • 2023-04-27: Highest IV Rank — 88.3%
  • 2023-04-27: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.00$45.22$49.55$48.35$46.17
Max Pain$39.99$39.05$45.00$45.00$39.05
ATM IV33.0%23.3%54.6%25.4%43.3%
Expected Move9.8%6.7%15.7%7.3%12.4%
HV 20d24.5%21.8%26.9%26.8%23.0%
HV 60d22.7%21.6%25.1%25.1%22.1%
IV Rank35.0%9.4%88.3%23.8%59.8%
IV Percentile46.2%6.0%98.8%11.9%88.5%
Term Structure1.9%-14.5%23.5%22.4%2.9%
VWIV28.5%15.5%40.5%32.3%23.5%
Skew 25d12.5%2.6%28.6%4.7%21.2%
Skew 10d17.9%6.7%44.8%14.8%44.8%
Call IV 25d23.8%15.5%30.7%26.6%24.0%
Put IV 25d36.3%28.0%56.8%31.3%45.2%
Bid-Ask Spread %102.1486.85108.24103.6099.25
Gamma HHI0.370.310.470.340.39
Net GEX68.3K22.7K116.2K71.1K29.6K
Net DEX-939.4K-1.3M-498.0K-1.0M-584.6K
Net VEX-3.2K-4.0K-2.4K-4.0K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.003.000.670.00
Total Volume7.47403101
Total OI738.158601805755616

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$48.35$45.0025.4%7.3%26.8%23.8%0.0%4.7%22.4%71.1K-1.0M-4.0K0.00103.60N/AN/A00546209
2023-04-04$48.16$45.0034.5%9.9%26.9%44.3%0.0%5.0%9.1%64.7K-930.0K-4.0K0.00108.05N/AN/A00546209
2023-04-05$48.51$45.0026.1%7.5%25.1%25.4%32.3%8.0%9.0%75.9K-1.1M-3.8K0.67108.24N/AN/A64546209
2023-04-06$48.55$39.0524.7%10.6%25.1%12.9%40.1%14.3%-11.0%73.4K-1.0M-3.8K0.67102.38N/AN/A64549213
2023-04-10$49.55$39.0528.3%11.3%26.0%21.8%26.4%9.4%-12.5%88.7K-1.3M-3.8K0.86105.37N/AN/A1412549217
2023-04-11$49.55$39.0536.8%9.8%25.8%43.3%15.5%15.1%-3.2%86.4K-1.3M-3.6K0.00106.12N/AN/A40560228
2023-04-12$48.95$39.0536.3%10.4%26.0%42.0%35.9%13.7%-7.9%83.2K-1.2M-3.7K0.33106.47N/AN/A31564228
2023-04-13$49.09$39.0535.4%10.1%25.7%39.8%0.0%2.6%-4.1%104.8K-1.1M-3.5K0.00103.45N/AN/A00566228
2023-04-14$48.69$39.0533.4%9.6%24.7%34.6%0.0%14.7%-4.4%82.6K-1.2M-3.4K0.0099.52N/AN/A00566228
2023-04-17$48.84$39.0531.5%9.0%24.4%29.9%0.0%5.3%-2.2%116.2K-963.4K-3.0K0.30103.48N/AN/A103566228
2023-04-18$48.61$39.0534.6%9.9%24.4%37.9%32.5%15.5%-8.9%92.8K-1.1M-3.1K3.00104.24N/AN/A26566230
2023-04-19$49.10$39.0535.1%10.1%24.6%39.0%17.6%12.4%-2.9%103.5K-1.3M-3.3K0.00105.09N/AN/A90568236
2023-04-20$47.70$39.0526.6%7.6%23.0%17.7%22.6%7.9%6.2%70.1K-849.1K-3.0K0.00105.65N/AN/A60569236
2023-04-21$47.67$39.0530.9%8.9%22.2%28.4%40.5%24.9%5.9%37.0K-712.8K-2.9K0.3386.85N/AN/A31569236
2023-04-24$46.93$39.0523.3%6.7%23.0%9.4%26.8%14.9%23.5%35.3K-639.5K-2.5K1.58102.45N/AN/A1219422179
2023-04-25$46.72$39.0523.8%6.8%21.8%10.6%22.6%6.9%23.1%33.2K-609.4K-2.4K0.0094.25N/AN/A20418197
2023-04-26$45.22$39.0542.4%12.1%23.7%57.3%36.7%13.0%5.5%26.1K-536.7K-2.5K0.3897.14N/AN/A83416197
2023-04-27$45.62$39.0554.6%15.7%22.8%88.3%26.8%28.6%-14.5%22.7K-498.0K-2.8K0.0099.01N/AN/A30417198
2023-04-28$46.17$39.0543.3%12.4%23.0%59.8%23.5%21.2%2.9%29.6K-584.6K-2.4K0.0099.25N/AN/A10418198