PCH Options History — June 2023

In June 2023, PCH traded between $45.95 and $53.25. ATM implied volatility averaged 35.8%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 12.8% (HV 20d: 22.9%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.13.

Notable Days

  • 2023-06-28: Highest Volume — 73 contracts
  • 2023-06-05: Largest IV spike — 63.9% change
  • 2023-06-05: Highest IV Rank — 93.3%
  • 2023-06-01: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.02$45.95$53.25$45.95$52.38
Max Pain$44.05$40.00$45.00$45.00$45.00
ATM IV35.8%19.2%72.0%65.6%21.0%
Expected Move8.4%5.5%18.8%18.8%6.0%
HV 20d22.9%20.4%24.7%22.2%24.7%
HV 60d24.0%23.3%25.0%23.8%23.6%
IV Rank28.8%0.0%93.3%81.9%3.1%
IV Percentile41.6%0.0%99.6%99.2%2.8%
Term Structure2.9%-27.5%19.4%-27.5%15.4%
VWIV27.4%18.2%39.8%39.8%18.2%
Skew 25d7.5%-1.0%19.3%9.9%5.4%
Skew 10d7.3%-16.3%57.2%-1.8%-0.9%
Call IV 25d22.9%15.7%41.5%41.5%19.0%
Put IV 25d30.4%24.4%51.3%51.3%24.4%
Bid-Ask Spread %108.53102.82118.71117.73105.82
Gamma HHI0.340.290.410.310.30
Net GEX79.7K52.0K102.1K52.0K102.1K
Net DEX-1.6M-2.5M-806.8K-892.4K-2.4M
Net VEX-5.8K-6.7K-4.9K-5.2K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.002.000.000.00
Total Volume13.81073119
Total OI686.81621804621804

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$45.95$45.0065.6%18.8%22.2%81.9%39.8%9.9%-27.5%52.0K-892.4K-5.2K0.00117.73N/AN/A11056358
2023-06-02$46.86$45.0043.9%12.6%22.6%43.3%0.0%-1.0%-14.2%55.4K-878.7K-5.1K0.00113.81N/AN/A7056458
2023-06-05$46.03$45.0072.0%9.5%22.9%93.3%0.0%5.4%-3.6%55.7K-806.8K-4.9K0.00111.45N/AN/A0056858
2023-06-06$47.09$45.0065.1%8.4%23.8%81.0%0.0%4.4%-2.8%63.0K-863.6K-4.9K0.00112.14N/AN/A0056858
2023-06-07$48.28$45.0035.8%7.4%23.6%28.9%24.3%7.2%3.8%66.4K-1.1M-5.4K0.08107.31N/AN/A25256858
2023-06-08$48.07$40.0031.4%7.8%23.2%21.0%0.0%10.2%12.4%70.7K-1.2M-5.7K0.00105.88N/AN/A4060060
2023-06-09$47.92$40.0043.5%6.8%20.4%42.6%0.0%13.6%19.4%68.9K-1.1M-5.5K0.00105.29N/AN/A1059760
2023-06-12$48.76$40.0047.4%7.0%21.2%49.6%22.1%7.7%12.8%77.2K-1.3M-5.7K0.00104.51N/AN/A11060661
2023-06-13$50.03$40.0028.5%7.7%22.8%15.9%27.3%7.3%10.5%95.1K-1.5M-5.9K0.07103.75N/AN/A15162261
2023-06-14$50.89$45.0031.2%8.9%22.7%20.6%31.2%19.3%2.0%87.7K-1.8M-6.0K0.00108.73N/AN/A34063162
2023-06-15$51.30$45.0028.3%8.1%22.7%15.4%28.3%12.8%2.1%93.9K-1.9M-6.2K0.00103.08N/AN/A2066362
2023-06-16$51.95$45.0029.1%8.3%22.8%16.8%32.5%11.7%-4.0%81.3K-2.1M-6.2K0.00104.08N/AN/A31066462
2023-06-20$51.76$45.0025.2%7.2%22.4%9.9%20.8%5.0%10.8%78.1K-2.0M-6.1K0.00102.82N/AN/A13064040
2023-06-21$51.91$45.0028.6%8.2%22.1%16.0%28.4%7.6%-1.3%82.5K-2.0M-6.3K0.25108.63N/AN/A4165240
2023-06-22$51.57$45.0028.2%8.1%22.5%15.3%29.0%4.8%-11.4%84.3K-1.9M-6.3K0.00113.24N/AN/A10065641
2023-06-23$50.28$45.0029.7%8.5%23.1%17.9%0.0%1.0%11.3%82.2K-1.7M-6.2K2.00111.13N/AN/A1265941
2023-06-26$50.93$45.0027.5%7.9%23.1%14.0%0.0%5.2%14.2%93.1K-1.8M-6.0K0.00106.33N/AN/A1066042
2023-06-27$52.02$45.0029.4%8.4%23.8%17.5%28.5%9.5%-4.4%92.5K-2.0M-5.9K0.06104.54N/AN/A18166142
2023-06-28$53.25$45.0020.4%5.9%24.3%1.5%25.8%5.7%3.4%92.6K-2.4M-5.9K0.00110.19N/AN/A73067943
2023-06-29$53.19$45.0019.2%5.5%24.4%0.0%0.0%5.2%11.4%99.6K-2.5M-6.6K0.00118.71N/AN/A13074843
2023-06-30$52.38$45.0021.0%6.0%24.7%3.1%18.2%5.4%15.4%102.1K-2.4M-6.7K0.00105.82N/AN/A9076143