PCH Options History — November 2023

In November 2023, PCH traded between $42.14 and $47.72. ATM implied volatility averaged 30.9%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 5.1% (HV 20d: 36.0%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.16.

Notable Days

  • 2023-11-20: Highest Volume — 55 contracts
  • 2023-11-15: Largest IV spike — 124.5% change
  • 2023-11-07: Highest IV Rank — 52.2%
  • 2023-11-30: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.04$42.14$47.72$42.14$45.83
Max Pain$36.90$35.00$45.00$45.00$45.00
ATM IV30.9%17.0%47.8%42.1%44.2%
Expected Move8.1%4.9%12.7%12.1%12.7%
HV 20d36.0%19.3%40.9%19.3%38.5%
HV 60d25.4%19.0%27.5%19.0%26.7%
IV Rank23.3%0.0%52.2%42.3%46.4%
IV Percentile41.4%0.0%90.9%79.4%83.7%
Term Structure-1.7%-28.0%11.8%-8.9%-28.0%
VWIV23.5%17.4%34.5%17.4%26.5%
Skew 25d12.7%-4.8%51.4%27.9%-4.8%
Skew 10d24.2%-7.0%94.8%82.7%4.6%
Call IV 25d20.2%13.2%31.4%22.5%31.4%
Put IV 25d32.9%23.3%74.7%50.4%26.6%
Bid-Ask Spread %100.6778.87113.04100.3287.11
Gamma HHI0.570.350.830.460.50
Net GEX37.2K12.3K101.9K12.3K24.8K
Net DEX-308.4K-765.9K-38.4K-38.4K-208.0K
Net VEX-1.6K-2.8K-1.2K-1.3K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.000.550.000.40
Total Volume7.333055100
Total OI571.095196765749304

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$42.14$45.0042.1%12.1%19.3%42.3%0.0%27.9%-8.9%12.3K-38.4K-1.3K0.00100.32N/AN/A10068366
2023-11-02$44.66$35.0041.8%6.9%29.3%41.9%0.0%21.7%-2.1%37.8K-243.1K-1.8K0.00108.92N/AN/A11069166
2023-11-03$46.63$35.0039.3%8.3%33.2%37.6%0.0%5.9%-2.3%73.5K-765.9K-2.8K0.0097.13N/AN/A2069766
2023-11-06$45.98$35.0036.1%9.1%33.6%32.1%0.0%4.4%-4.8%60.9K-404.7K-1.9K0.0097.50N/AN/A3069866
2023-11-07$45.55$35.0047.8%7.5%33.6%52.2%0.0%8.2%-4.4%50.9K-336.2K-1.8K0.0099.21N/AN/A0069966
2023-11-08$44.59$35.0036.9%10.6%34.4%33.5%0.0%20.6%-12.5%22.2K-163.8K-1.4K0.00110.17N/AN/A0069966
2023-11-09$44.13$35.0021.9%6.3%34.5%7.7%0.0%5.5%3.5%19.6K-112.9K-1.2K0.00105.96N/AN/A0069966
2023-11-10$45.03$35.0025.1%7.2%35.3%13.3%0.0%15.3%2.4%25.7K-195.4K-1.3K0.00106.12N/AN/A0069966
2023-11-13$44.74$35.0032.2%9.2%34.2%25.5%0.0%-1.2%-7.1%15.2K-136.4K-1.2K0.0091.90N/AN/A7069966
2023-11-14$47.63$35.0019.2%5.5%40.9%3.1%0.0%8.5%6.2%101.9K-594.0K-1.6K0.00104.64N/AN/A2069766
2023-11-15$47.18$35.0043.0%12.3%40.0%44.0%0.0%30.4%-1.2%64.7K-473.0K-1.5K0.50113.04N/AN/A2169966
2023-11-16$47.11$35.0028.2%8.1%39.8%18.7%0.0%14.9%-3.0%57.2K-432.9K-1.4K0.00107.91N/AN/A0169766
2023-11-17$47.23$35.0025.0%7.2%39.3%13.1%17.4%8.3%6.0%22.8K-409.5K-1.3K0.00107.21N/AN/A2069766
2023-11-20$47.35$35.0023.4%6.7%38.8%10.3%17.6%6.0%0.6%24.0K-253.4K-1.2K0.3483.74N/AN/A411417719
2023-11-21$46.95$35.0022.0%6.3%39.1%8.0%0.0%4.2%3.2%27.2K-284.0K-1.7K0.0097.42N/AN/A0021829
2023-11-22$47.63$35.0023.0%6.6%37.6%9.7%34.5%11.6%11.8%28.7K-334.2K-1.7K0.00104.57N/AN/A7021829
2023-11-24$47.72$35.0017.0%4.9%37.5%0.0%0.0%13.2%10.8%33.9K-346.7K-1.7K0.0078.87N/AN/A0022529
2023-11-27$46.78$35.0021.3%6.1%38.3%7.4%21.3%7.7%3.9%27.2K-269.0K-1.6K0.29102.53N/AN/A21622529
2023-11-28$46.01$45.0034.5%9.9%39.1%29.8%0.0%51.4%-9.5%25.4K-241.9K-1.7K0.55107.69N/AN/A11624635
2023-11-29$45.91$45.0024.9%7.1%39.1%13.4%26.5%6.9%-0.7%25.0K-232.1K-1.7K0.40102.05N/AN/A5225741
2023-11-30$45.83$45.0044.2%12.7%38.5%46.4%0.0%-4.8%-28.0%24.8K-208.0K-1.7K0.0087.11N/AN/A0026242