PCH Options History — August 2023

In August 2023, PCH traded between $46.59 and $52.56. ATM implied volatility averaged 28.6%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 9.2% (HV 20d: 19.3%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.08.

Notable Days

  • 2023-08-10: Highest Volume — 109 contracts
  • 2023-08-31: Largest IV spike — 103.2% change
  • 2023-08-07: Highest IV Rank — 56.9%
  • 2023-08-31: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.01$46.59$52.56$52.56$47.42
Max Pain$49.27$45.00$50.00$49.05$50.00
ATM IV28.6%21.1%50.6%27.5%43.6%
Expected Move7.7%6.0%12.5%7.9%12.5%
HV 20d19.3%15.9%23.1%15.9%20.0%
HV 60d21.4%20.2%22.2%21.2%21.0%
IV Rank19.2%6.4%56.9%17.5%45.0%
IV Percentile25.2%2.4%94.8%21.0%82.5%
Term Structure-2.7%-40.3%2.6%-7.6%-40.3%
VWIV24.5%21.0%27.8%27.0%26.0%
Skew 25d5.3%-1.3%17.1%14.0%17.1%
Skew 10d16.4%0.3%105.3%105.3%30.6%
Call IV 25d23.3%13.1%31.3%26.7%13.1%
Put IV 25d28.6%22.9%40.7%40.7%30.2%
Bid-Ask Spread %99.2388.16118.46112.70108.42
Gamma HHI0.420.230.620.240.61
Net GEX89.3K44.6K147.6K116.5K61.3K
Net DEX-1.0M-2.0M-464.5K-2.0M-519.8K
Net VEX-4.9K-6.2K-3.6K-6.2K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.0010.000.5010.00
Total Volume23.21701091211
Total OI787.174580910837703

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$52.56$49.0527.5%7.9%15.9%17.5%27.0%14.0%-7.6%116.5K-2.0M-6.2K0.50112.70N/AN/A8476374
2023-08-02$51.05$49.0539.4%11.3%18.9%37.8%0.0%4.8%-16.2%108.1K-1.6M-6.0K0.00112.62N/AN/A4076275
2023-08-03$51.29$50.0044.8%8.8%18.5%47.1%0.0%11.5%2.6%100.6K-1.7M-6.1K0.00114.88N/AN/A0076275
2023-08-04$50.72$50.0042.3%9.2%18.2%42.7%0.0%9.5%0.8%104.4K-1.5M-5.9K0.00118.46N/AN/A0076275
2023-08-07$51.05$50.0050.6%9.3%16.7%56.9%0.0%7.8%-0.6%104.9K-1.7M-5.9K0.00114.28N/AN/A1076275
2023-08-08$51.28$50.0023.9%7.2%16.8%11.2%27.8%4.9%0.4%123.4K-1.5M-5.2K7.0090.66N/AN/A1776375
2023-08-09$51.25$45.0024.5%7.0%16.6%12.3%0.0%4.5%0.5%121.6K-1.5M-5.0K0.0091.98N/AN/A86076482
2023-08-10$50.12$45.0023.6%6.8%18.0%10.7%23.6%4.2%1.3%124.7K-1.5M-5.9K0.0098.40N/AN/A109085060
2023-08-11$49.03$45.0023.6%6.8%19.2%10.7%24.8%6.5%1.1%129.3K-1.1M-4.9K1.6796.55N/AN/A152582262
2023-08-14$48.88$50.0022.1%6.3%18.7%8.1%22.1%5.4%2.5%147.6K-1.0M-5.0K0.0092.76N/AN/A2081583
2023-08-15$47.88$50.0024.2%6.9%19.0%11.7%0.0%4.3%1.2%107.8K-756.1K-4.5K0.2590.27N/AN/A12381583
2023-08-16$47.70$50.0024.4%7.0%18.8%12.2%0.0%4.4%2.1%91.7K-662.3K-4.4K0.0689.96N/AN/A18181185
2023-08-17$46.73$50.0027.1%7.8%19.0%16.6%0.0%1.1%-1.3%64.7K-511.7K-3.9K0.0091.39N/AN/A8080385
2023-08-18$46.59$50.0026.8%7.7%19.0%16.2%26.8%5.7%-1.1%44.6K-464.5K-3.8K0.1089.11N/AN/A20279985
2023-08-21$46.76$50.0026.6%7.6%19.3%15.8%23.0%2.7%-1.7%46.4K-467.9K-3.6K0.0593.30N/AN/A80452159
2023-08-22$46.81$50.0026.8%7.7%18.9%16.3%25.5%3.8%-2.0%53.4K-521.9K-3.9K2.2995.30N/AN/A143255059
2023-08-23$48.24$50.0022.7%6.5%22.9%9.3%22.5%2.3%-0.7%61.2K-673.3K-4.7K0.0088.16N/AN/A8056091
2023-08-24$48.41$50.0023.4%6.7%23.1%10.4%23.4%1.8%-1.0%63.2K-714.2K-4.8K0.0096.93N/AN/A33056891
2023-08-25$48.41$50.0021.1%6.0%23.1%6.4%21.0%1.6%1.0%68.7K-742.1K-4.9K0.14100.47N/AN/A7159891
2023-08-28$48.80$50.0023.6%6.8%22.5%10.7%0.0%2.0%-1.3%72.6K-831.8K-5.0K0.0098.52N/AN/A3060192
2023-08-29$48.36$50.0022.7%6.5%22.0%9.2%26.0%2.5%-0.8%70.1K-713.8K-4.8K0.6797.67N/AN/A3260492
2023-08-30$47.98$50.0021.5%6.2%20.0%7.1%0.0%-1.3%-0.4%66.2K-621.7K-4.5K0.0099.59N/AN/A10060494
2023-08-31$47.42$50.0043.6%12.5%20.0%45.0%0.0%17.1%-40.3%61.3K-519.8K-4.4K10.00108.42N/AN/A11060994