PCH Options History — September 2023

In September 2023, PCH traded between $45.02 and $47.52. ATM implied volatility averaged 23.1%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 3.7% (HV 20d: 19.4%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.11.

Notable Days

  • 2023-09-14: Highest Volume — 67 contracts
  • 2023-09-12: Largest IV spike — 62.8% change
  • 2023-09-12: Highest IV Rank — 28.3%
  • 2023-09-27: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.99$45.02$47.52$47.34$45.35
Max Pain$49.00$45.00$50.00$50.00$45.00
ATM IV23.1%17.7%33.9%21.3%22.8%
Expected Move6.3%5.1%7.0%6.1%6.5%
HV 20d19.4%17.9%21.9%19.8%17.9%
HV 60d19.8%18.6%21.1%20.4%18.6%
IV Rank9.9%0.7%28.3%6.8%9.3%
IV Percentile9.7%0.4%48.8%3.2%9.5%
Term Structure2.9%1.9%3.6%1.9%3.6%
VWIV19.4%11.2%22.6%22.6%22.6%
Skew 25d5.2%2.2%10.0%5.4%2.2%
Skew 10d9.0%2.4%18.7%18.7%2.4%
Call IV 25d19.1%15.0%21.6%16.2%19.3%
Put IV 25d24.3%20.5%29.3%21.7%21.5%
Bid-Ask Spread %96.8990.91106.07106.0796.04
Gamma HHI0.600.520.670.570.59
Net GEX53.3K35.1K76.3K55.8K65.9K
Net DEX-327.4K-629.7K-136.9K-436.2K-449.7K
Net VEX-3.3K-4.3K-2.9K-4.1K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.000.750.000.00
Total Volume12.2506790
Total OI762.55717827717824

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$47.34$50.0021.3%6.1%19.8%6.8%0.0%5.4%1.9%55.8K-436.2K-4.1K0.00106.07N/AN/A90609108
2023-09-05$46.05$50.0025.7%6.6%21.2%14.3%22.6%3.7%2.7%40.1K-198.2K-3.3K0.6390.91N/AN/A85610108
2023-09-06$46.08$50.0025.2%6.4%21.0%13.5%0.0%3.8%3.2%43.4K-213.8K-3.3K0.0091.67N/AN/A40616111
2023-09-07$46.04$50.0025.0%6.5%21.0%13.1%0.0%3.4%3.1%38.9K-199.8K-3.2K0.0093.00N/AN/A10616111
2023-09-08$46.04$50.0023.3%6.3%20.1%10.3%0.0%2.9%3.2%38.7K-166.2K-3.2K0.0095.17N/AN/A50617111
2023-09-11$46.01$50.0020.8%6.1%19.0%5.9%0.0%4.6%3.4%35.1K-136.9K-2.9K0.0095.60N/AN/A130612111
2023-09-12$46.20$50.0033.9%6.2%19.2%28.3%0.0%3.8%3.0%39.3K-185.2K-2.9K0.0097.32N/AN/A60609111
2023-09-13$46.13$50.0020.9%6.0%18.0%6.2%0.0%3.3%3.5%39.7K-174.3K-2.9K0.00101.67N/AN/A270610111
2023-09-14$47.36$50.0021.1%6.0%20.6%6.4%20.4%2.5%3.2%69.0K-494.9K-3.8K0.0896.57N/AN/A625618111
2023-09-15$47.52$50.0017.7%5.1%19.1%0.7%18.1%3.5%3.6%75.6K-629.7K-4.3K0.0096.05N/AN/A170680116
2023-09-18$47.27$50.0022.3%6.4%19.2%8.4%18.2%2.7%2.1%76.3K-569.2K-4.0K0.1791.06N/AN/A244652103
2023-09-19$46.30$50.0021.8%6.3%20.6%7.7%0.0%3.1%3.2%64.4K-374.6K-3.7K0.0094.84N/AN/A80676103
2023-09-20$45.33$50.0021.7%6.2%21.9%7.5%11.2%5.5%2.7%48.5K-194.7K-3.1K0.0099.32N/AN/A210678103
2023-09-21$45.02$50.0022.6%6.5%18.4%8.9%22.6%7.8%2.4%47.2K-267.2K-2.9K0.0093.69N/AN/A2069380
2023-09-22$45.09$50.0021.6%6.2%18.4%7.3%0.0%8.4%3.3%48.1K-280.1K-2.9K0.75103.78N/AN/A4369480
2023-09-25$45.08$50.0022.6%6.5%18.4%9.1%22.6%9.4%3.0%47.8K-279.9K-2.9K0.27102.19N/AN/A11369882
2023-09-26$45.09$45.0024.2%6.9%17.9%11.8%0.0%8.1%2.1%62.6K-414.7K-3.3K0.0099.60N/AN/A1074384
2023-09-27$45.34$45.0024.4%7.0%18.1%12.0%0.0%10.0%2.4%65.9K-464.7K-3.3K0.0095.49N/AN/A0074284
2023-09-28$45.16$45.0023.5%6.7%18.0%10.6%0.0%9.3%2.8%62.9K-417.8K-3.3K0.0097.72N/AN/A2074284
2023-09-29$45.35$45.0022.8%6.5%17.9%9.3%0.0%2.2%3.6%65.9K-449.7K-3.2K0.0096.04N/AN/A0074084