PCH Options History — February 2024

In February 2024, PCH traded between $43.72 and $45.48. ATM implied volatility averaged 23.3%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 5.3% (HV 20d: 18.0%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 5.96.

Notable Days

  • 2024-02-20: Highest Volume — 220 contracts
  • 2024-02-14: Largest IV drop — 9.2% change
  • 2024-02-13: Highest IV Rank — 14.5%
  • 2024-02-13: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.50$43.72$45.48$45.48$45.24
Max Pain$46.75$45.00$50.00$45.00$45.00
ATM IV23.3%21.3%25.5%24.8%21.8%
Expected Move6.7%6.1%7.3%7.1%6.3%
HV 20d18.0%17.0%20.5%17.4%17.7%
HV 60d22.4%20.7%25.1%25.1%21.2%
IV Rank10.8%7.3%14.5%13.3%8.2%
IV Percentile20.1%7.1%39.7%29.8%9.9%
Term Structure0.3%-7.6%2.1%0.5%-7.6%
VWIV23.3%21.3%25.5%23.5%21.3%
Skew 25d8.8%2.5%33.2%4.6%33.2%
Skew 10d14.2%2.9%54.6%7.5%54.6%
Call IV 25d20.8%15.9%23.2%22.3%20.6%
Put IV 25d29.6%24.8%53.9%26.9%53.9%
Bid-Ask Spread %81.3950.4496.6088.1484.38
Gamma HHI0.440.320.560.560.35
Net GEX-18.2K-43.8K23.9K23.9K-7.1K
Net DEX597.0K-209.5K1.2M-209.5K770.9K
Net VEX-5.9K-9.1K-1.9K-2.2K-9.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.960.0055.330.060.00
Total Volume43.850220170
Total OI842.65691,0595711,059

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$45.48$45.0024.8%7.1%17.4%13.3%23.5%4.6%0.5%23.9K-209.5K-2.2K0.0688.14N/AN/A16148685
2024-02-02$44.91$50.0023.7%7.0%17.7%11.4%0.0%4.6%0.8%17.9K-161.4K-2.1K0.0089.46N/AN/A12049086
2024-02-05$44.59$50.0024.9%7.0%17.5%13.5%0.0%7.9%0.9%14.4K-125.0K-1.9K55.3395.66N/AN/A316648386
2024-02-06$44.30$50.0024.2%6.8%17.0%12.4%0.0%7.1%1.2%-3.1K266.2K-3.9K0.0082.15N/AN/A80482252
2024-02-07$44.48$50.0023.7%6.8%17.3%11.5%0.0%5.8%1.0%-3.4K250.6K-4.0K0.0090.79N/AN/A170486252
2024-02-08$44.53$50.0023.7%6.8%17.4%11.4%0.0%7.1%1.4%-3.2K239.8K-4.0K0.0050.44N/AN/A40486252
2024-02-09$44.66$50.0023.2%6.6%17.6%10.5%0.0%5.9%1.7%-3.7K236.9K-3.9K0.0096.60N/AN/A052483252
2024-02-12$45.44$50.0023.5%6.8%18.8%11.2%23.6%10.1%1.4%-4.5K178.3K-4.4K45.5095.11N/AN/A4182483304
2024-02-13$44.27$45.0025.5%7.3%20.5%14.5%25.5%6.5%0.1%-28.0K746.4K-6.4K0.0073.69N/AN/A310483486
2024-02-14$44.41$45.0023.1%6.6%19.0%10.5%23.1%5.3%2.1%-35.3K756.1K-6.1K0.0078.82N/AN/A70455486
2024-02-15$44.78$45.0023.3%6.7%19.0%10.7%23.5%7.4%0.2%-38.6K702.1K-6.3K0.1062.84N/AN/A101462486
2024-02-16$44.46$45.0023.2%6.6%18.4%10.5%0.0%5.0%-0.0%-23.9K767.3K-6.2K0.2585.70N/AN/A41463487
2024-02-20$43.84$45.0023.4%6.7%17.7%10.9%0.0%2.8%-0.3%-26.9K759.0K-5.9K5.6771.74N/AN/A33187259455
2024-02-21$43.72$45.0023.4%6.7%17.2%10.9%23.4%2.6%0.2%-43.8K1.2M-8.3K0.1685.55N/AN/A315292642
2024-02-22$44.13$45.0022.9%6.6%17.7%10.1%22.9%2.5%0.4%-40.4K1.1M-8.6K0.0085.82N/AN/A20322647
2024-02-23$44.11$45.0021.9%6.3%17.8%8.3%0.0%2.9%0.7%-40.9K1.1M-8.4K0.0087.85N/AN/A50324647
2024-02-26$43.87$45.0022.5%6.5%17.5%9.5%0.0%3.0%0.2%-42.1K1.2M-8.3K0.0783.09N/AN/A151321647
2024-02-27$43.99$45.0022.1%6.3%17.6%8.8%0.0%25.4%0.1%-41.0K1.1M-8.4K0.1861.33N/AN/A112336648
2024-02-28$44.69$45.0021.3%6.1%18.7%7.3%21.3%25.9%1.2%-34.6K991.6K-8.7K0.0078.63N/AN/A660347650
2024-02-29$45.24$45.0021.8%6.3%17.7%8.2%0.0%33.2%-7.6%-7.1K770.9K-9.1K0.0084.38N/AN/A00409650