PCH Options History — May 2023

In May 2023, PCH traded between $44.57 and $48.04. ATM implied volatility averaged 42.3%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 17.6% (HV 20d: 24.7%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.06.

Notable Days

  • 2023-05-10: Highest Volume — 189 contracts
  • 2023-05-11: Largest IV spike — 60.2% change
  • 2023-05-02: Highest IV Rank — 100.0%
  • 2023-05-02: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.25$44.57$48.04$45.36$46.55
Max Pain$39.64$35.00$45.00$39.05$45.00
ATM IV42.3%25.6%75.8%48.3%25.6%
Expected Move11.8%7.3%21.7%13.9%7.3%
HV 20d24.7%21.6%27.7%21.7%22.0%
HV 60d23.3%22.0%24.1%22.4%23.7%
IV Rank41.3%10.7%100.0%72.3%10.7%
IV Percentile70.7%11.5%100.0%94.8%11.9%
Term Structure-6.8%-27.4%20.7%-6.8%20.7%
VWIV37.2%20.0%95.3%95.3%27.2%
Skew 25d19.0%-0.5%38.4%20.7%18.1%
Skew 10d25.0%-2.3%74.3%58.2%68.0%
Call IV 25d24.7%15.2%37.9%35.3%25.3%
Put IV 25d43.7%25.7%76.3%56.0%43.3%
Bid-Ask Spread %103.5784.19123.7184.19102.69
Gamma HHI0.320.280.470.350.29
Net GEX42.3K17.1K56.6K24.8K53.7K
Net DEX-789.8K-1.1M-387.8K-475.3K-836.4K
Net VEX-4.0K-5.3K-2.0K-2.3K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.680.680.00
Total Volume20.455018901
Total OI700.227542916615621

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$45.36$39.0548.3%13.9%21.7%72.3%0.0%20.7%-6.8%24.8K-475.3K-2.3K0.0084.19N/AN/A00417198
2023-05-02$44.57$39.0575.8%21.7%21.6%100.0%0.0%38.4%-17.0%17.1K-387.8K-2.7K0.0087.29N/AN/A01417198
2023-05-03$45.20$39.0548.9%14.0%22.5%52.2%95.3%23.4%-27.4%21.3K-470.0K-2.5K0.68103.75N/AN/A1913417199
2023-05-04$44.69$35.0066.9%11.4%22.4%84.2%0.0%19.6%-9.4%20.6K-421.8K-2.0K0.00123.71N/AN/A10436212
2023-05-05$45.53$35.0047.5%10.8%23.7%49.6%20.3%24.9%2.8%26.2K-544.2K-2.3K0.00108.80N/AN/A150435212
2023-05-08$46.14$35.0041.6%11.1%22.9%39.1%0.0%16.0%-0.4%30.1K-577.1K-2.3K0.0090.54N/AN/A00442212
2023-05-09$47.36$35.0026.8%12.0%25.2%12.7%0.0%12.0%-13.9%40.5K-765.0K-2.5K0.00106.11N/AN/A20443212
2023-05-10$48.04$35.0025.6%7.3%25.6%10.7%22.0%15.1%5.9%46.6K-748.3K-2.3K0.00102.93N/AN/A1890442212
2023-05-11$46.63$35.0041.0%11.8%27.5%38.2%0.0%17.2%-18.1%49.5K-987.1K-4.6K0.00112.01N/AN/A80641212
2023-05-12$46.73$35.0038.1%10.9%27.5%32.9%0.0%16.4%-10.4%52.4K-953.5K-4.5K0.00107.22N/AN/A10637212
2023-05-15$46.99$35.0042.0%12.0%27.5%39.9%0.0%17.4%-20.2%53.9K-1.0M-4.5K0.00100.00N/AN/A120637212
2023-05-16$46.53$35.0035.3%10.1%27.7%27.9%0.0%7.2%3.7%49.0K-971.3K-4.5K0.00102.18N/AN/A50649212
2023-05-17$46.62$35.0038.3%11.0%27.3%33.2%24.9%-0.5%-11.9%51.2K-959.2K-4.5K0.10102.73N/AN/A202646212
2023-05-18$47.14$45.0029.0%8.3%25.9%16.7%0.0%11.5%0.4%56.6K-1.1M-4.7K0.00102.89N/AN/A490655214
2023-05-19$46.68$45.0042.4%12.2%26.1%40.6%50.4%19.8%-22.6%43.5K-1.1M-4.9K0.00102.67N/AN/A460702214
2023-05-22$46.48$45.0029.6%8.5%25.5%17.8%0.0%27.0%6.1%45.4K-843.3K-4.9K0.19105.69N/AN/A47949448
2023-05-23$46.73$45.0039.6%11.4%25.6%35.6%0.0%20.8%-2.3%52.4K-861.1K-5.3K0.00104.59N/AN/A2055158
2023-05-24$45.72$45.0049.2%14.1%24.0%52.7%0.0%23.5%-3.7%45.2K-823.0K-5.3K0.00107.30N/AN/A0055558
2023-05-25$45.61$45.0044.9%12.9%23.8%45.0%0.0%26.8%-6.3%48.9K-819.1K-5.2K0.00105.66N/AN/A7056358
2023-05-26$45.77$45.0044.8%12.8%23.4%44.9%0.0%22.4%-8.0%49.1K-830.7K-5.2K0.00108.51N/AN/A0056258
2023-05-30$46.47$45.0048.3%13.8%23.1%51.1%20.0%20.9%-10.3%53.4K-895.2K-5.2K0.00107.06N/AN/A1056258
2023-05-31$46.55$45.0025.6%7.3%22.0%10.7%27.2%18.1%20.7%53.7K-836.4K-5.0K0.00102.69N/AN/A1056358