PCH Options History — January 2024

In January 2024, PCH traded between $44.77 and $49.38. ATM implied volatility averaged 26.3%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 6.0% (HV 20d: 20.2%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.60.

Notable Days

  • 2024-01-26: Highest Volume — 75 contracts
  • 2024-01-30: Largest IV drop — 20.4% change
  • 2024-01-29: Highest IV Rank — 25.2%
  • 2024-01-29: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.42$44.77$49.38$49.38$44.77
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV26.3%22.0%31.8%23.7%25.2%
Expected Move7.7%6.8%9.1%6.8%7.2%
HV 20d20.2%14.1%27.4%27.2%15.9%
HV 60d29.0%26.4%29.6%29.5%26.4%
IV Rank15.8%8.6%25.2%11.4%14.0%
IV Percentile37.3%11.1%66.3%20.6%32.5%
Term Structure-0.9%-3.5%3.0%3.0%-0.4%
VWIV28.7%23.5%58.4%26.3%25.2%
Skew 25d3.8%-1.1%6.9%5.5%-1.1%
Skew 10d7.6%-4.0%16.4%8.7%-1.6%
Call IV 25d24.4%18.0%28.5%22.1%22.7%
Put IV 25d28.2%21.7%35.4%27.6%21.7%
Bid-Ask Spread %74.9833.6992.6073.4192.60
Gamma HHI0.650.520.700.620.52
Net GEX55.3K19.0K83.0K74.8K19.0K
Net DEX-511.7K-850.1K-155.1K-850.1K-155.1K
Net VEX-3.0K-3.7K-2.1K-3.7K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.005.000.255.00
Total Volume1307556
Total OI522.667486572497571

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$49.38$45.0023.7%6.8%27.2%11.4%0.0%5.5%3.0%74.8K-850.1K-3.7K0.2573.41N/AN/A4145146
2024-01-03$49.02$45.0023.8%6.8%27.2%11.6%0.0%4.3%2.8%73.8K-790.9K-3.7K0.0083.31N/AN/A2045546
2024-01-04$48.70$45.0023.4%7.6%27.4%10.9%0.0%4.3%-0.5%72.4K-719.9K-3.5K0.0083.07N/AN/A0045846
2024-01-05$48.86$45.0022.8%7.5%27.2%10.0%26.3%4.4%-0.7%75.6K-744.7K-3.5K0.0083.15N/AN/A1045846
2024-01-08$49.16$45.0023.0%7.4%26.4%10.2%23.5%4.3%-0.6%83.0K-796.1K-3.5K0.0080.61N/AN/A21045946
2024-01-09$48.69$45.0022.0%7.3%26.9%8.6%25.4%3.8%-0.2%80.2K-694.6K-3.3K0.0081.21N/AN/A3046146
2024-01-10$48.55$45.0025.4%7.3%27.0%14.4%58.4%3.3%-0.3%78.7K-673.7K-3.3K0.1479.29N/AN/A28446646
2024-01-11$48.32$45.0024.8%7.1%25.7%13.4%28.7%6.3%0.1%78.1K-661.8K-3.4K0.3387.13N/AN/A3149446
2024-01-12$47.76$45.0024.3%7.0%23.2%12.4%27.5%5.2%-0.1%66.9K-584.1K-3.3K0.5633.69N/AN/A9549746
2024-01-16$47.27$45.0028.7%8.2%17.5%20.0%25.0%3.6%-2.1%56.6K-462.6K-3.0K0.0069.54N/AN/A4049254
2024-01-17$46.15$45.0028.5%8.2%17.4%19.6%28.5%4.7%-1.6%33.0K-309.4K-2.5K1.0092.03N/AN/A5549354
2024-01-18$46.59$45.0028.6%8.2%17.4%19.7%0.0%5.0%-1.1%46.6K-369.6K-2.6K0.0083.29N/AN/A10048958
2024-01-19$47.11$45.0028.8%8.2%14.7%20.1%26.8%3.9%-1.3%43.6K-440.6K-2.9K0.0765.48N/AN/A15149958
2024-01-22$47.74$45.0025.7%7.4%14.1%14.9%25.3%3.5%-2.3%50.7K-523.5K-3.0K0.0073.14N/AN/A5043650
2024-01-23$47.00$45.0029.2%8.4%15.0%20.9%24.8%3.3%-2.0%45.9K-410.8K-2.8K0.0076.03N/AN/A5044150
2024-01-24$46.63$45.0028.8%8.2%14.9%20.1%0.0%1.3%-2.1%42.6K-370.8K-2.6K0.0076.83N/AN/A2044550
2024-01-25$46.47$45.0029.1%8.3%14.9%20.6%29.1%1.8%-2.2%40.6K-352.8K-2.6K0.7570.78N/AN/A4344550
2024-01-26$45.98$45.0028.6%8.2%15.1%19.8%27.3%-0.9%-2.2%35.2K-295.5K-2.4K0.7959.60N/AN/A423344951
2024-01-29$45.97$45.0031.8%9.1%14.9%25.2%31.6%6.9%-3.5%36.4K-297.2K-2.6K0.5356.99N/AN/A15847878
2024-01-30$45.72$45.0025.3%7.3%14.9%14.2%25.3%6.5%-0.5%28.8K-242.5K-2.3K2.5073.31N/AN/A82048785
2024-01-31$44.77$45.0025.2%7.2%15.9%14.0%25.2%-1.1%-0.4%19.0K-155.1K-2.1K5.0092.60N/AN/A1548685