PCH Options History — July 2023

In July 2023, PCH traded between $51.79 and $54.06. ATM implied volatility averaged 29.3%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 9.4% (HV 20d: 19.9%). Max pain ranged from $44.05 to $49.05. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.54.

Notable Days

2023-07-24: Highest Volume — 85 contracts
2023-07-05: Largest IV spike — 106.8% change
2023-07-07: Highest IV Rank — 37.8%
2023-07-05: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.17	$51.79	$54.06	$52.67	$53.48
Max Pain	$45.39	$44.05	$49.05	$45.00	$49.05
ATM IV	29.3%	17.3%	39.4%	17.3%	25.5%
Expected Move	8.1%	5.0%	10.3%	5.0%	7.3%
HV 20d	19.9%	14.6%	24.2%	24.2%	14.6%
HV 60d	22.9%	21.0%	23.8%	23.6%	21.0%
IV Rank	20.4%	0.0%	37.8%	0.0%	13.9%
IV Percentile	31.8%	0.0%	72.6%	0.0%	14.7%
Term Structure	2.7%	-16.4%	17.9%	17.9%	5.6%
VWIV	28.5%	24.1%	33.8%	33.8%	26.6%
Skew 25d	6.6%	-6.2%	20.2%	2.4%	11.6%
Skew 10d	9.3%	-6.4%	25.8%	-6.4%	19.0%
Call IV 25d	22.6%	15.5%	30.2%	15.5%	20.3%
Put IV 25d	29.2%	17.8%	45.3%	17.8%	31.9%
Bid-Ask Spread %	105.54	98.55	116.70	116.70	103.98
Gamma HHI	0.27	0.25	0.30	0.29	0.27
Net GEX	108.5K	96.1K	119.0K	103.5K	118.3K
Net DEX	-2.5M	-2.9M	-1.9M	-2.5M	-2.2M
Net VEX	-6.2K	-6.6K	-5.8K	-6.5K	-5.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.00	5.00	0.00	0.00
Total Volume	15.9	0	85	2	35
Total OI	831.1	737	879	810	817

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-07-03	$52.67	$45.00	17.3%	5.0%	24.2%	0.0%	0.0%	2.4%	17.9%	103.5K	-2.5M	-6.5K	0.00	116.70	N/A	N/A	2	0	767	43
2023-07-05	$52.50	$45.00	35.8%	10.3%	22.8%	31.7%	0.0%	-6.2%	-16.4%	107.7K	-2.4M	-6.4K	0.00	108.84	N/A	N/A	1	0	769	43
2023-07-06	$51.79	$44.05	38.6%	9.6%	23.0%	36.3%	33.8%	8.1%	1.0%	99.0K	-2.3M	-6.6K	0.42	102.99	N/A	N/A	12	5	769	43
2023-07-07	$52.42	$44.05	39.4%	8.1%	22.0%	37.8%	0.0%	12.2%	6.8%	108.5K	-2.4M	-6.5K	0.00	102.15	N/A	N/A	0	0	781	48
2023-07-10	$53.48	$44.05	21.2%	8.1%	22.4%	6.6%	28.3%	0.9%	2.8%	105.6K	-2.7M	-6.1K	0.18	102.82	N/A	N/A	11	2	781	48
2023-07-11	$53.50	$44.05	38.7%	8.1%	22.3%	36.6%	28.1%	20.2%	-1.2%	104.3K	-2.7M	-6.0K	0.00	102.92	N/A	N/A	15	0	789	50
2023-07-12	$53.80	$44.05	28.7%	8.2%	21.8%	19.4%	32.4%	-0.1%	-1.2%	110.1K	-2.8M	-6.1K	0.00	105.32	N/A	N/A	21	0	796	50
2023-07-13	$53.55	$44.05	31.7%	9.1%	20.6%	24.6%	0.0%	12.2%	-0.0%	105.6K	-2.8M	-6.4K	0.00	106.71	N/A	N/A	0	1	810	50
2023-07-14	$53.32	$44.05	30.1%	8.6%	20.2%	21.9%	30.3%	10.8%	1.5%	101.8K	-2.8M	-6.2K	0.00	109.10	N/A	N/A	31	0	810	49
2023-07-17	$53.73	$44.05	31.8%	9.1%	20.1%	24.8%	0.0%	13.0%	-0.2%	106.3K	-2.8M	-6.2K	0.33	104.96	N/A	N/A	3	1	814	49
2023-07-18	$54.06	$44.05	30.5%	8.7%	19.8%	22.5%	0.0%	2.0%	0.6%	104.5K	-2.9M	-6.1K	0.17	98.55	N/A	N/A	12	2	817	50
2023-07-19	$53.34	$44.05	28.8%	8.3%	20.5%	19.6%	29.0%	-0.4%	-1.4%	118.1K	-2.7M	-6.1K	0.25	100.80	N/A	N/A	8	2	823	52
2023-07-20	$53.70	$44.05	29.4%	8.4%	20.6%	20.6%	27.7%	7.9%	1.2%	115.5K	-2.8M	-6.0K	0.00	105.00	N/A	N/A	12	0	822	50
2023-07-21	$53.45	$44.05	31.6%	9.1%	20.5%	24.5%	31.7%	2.9%	4.5%	96.1K	-2.8M	-6.0K	0.05	104.52	N/A	N/A	20	1	829	50
2023-07-24	$52.87	$44.05	28.7%	8.2%	18.5%	19.4%	26.6%	3.7%	3.2%	108.8K	-2.0M	-6.0K	0.70	103.87	N/A	N/A	50	35	698	39
2023-07-25	$53.20	$49.05	24.1%	6.9%	18.1%	11.6%	24.1%	4.4%	14.0%	103.2K	-2.1M	-6.1K	5.00	102.33	N/A	N/A	2	10	727	74
2023-07-26	$53.14	$49.05	25.3%	7.2%	16.7%	13.6%	24.7%	8.6%	6.8%	117.3K	-2.1M	-6.0K	2.67	105.84	N/A	N/A	3	8	729	66
2023-07-27	$52.70	$49.05	25.4%	7.3%	14.8%	13.8%	25.8%	7.4%	5.9%	117.4K	-1.9M	-6.0K	0.00	110.35	N/A	N/A	9	0	732	74
2023-07-28	$52.70	$49.05	23.0%	6.6%	14.8%	9.7%	29.5%	10.6%	2.3%	119.0K	-2.0M	-5.9K	0.00	113.01	N/A	N/A	4	0	740	74
2023-07-31	$53.48	$49.05	25.5%	7.3%	14.6%	13.9%	26.6%	11.6%	5.6%	118.3K	-2.2M	-5.8K	0.00	103.98	N/A	N/A	35	0	743	74