PCH Options History — February 2025

In February 2025, PCH traded between $43.64 and $46.41. ATM implied volatility averaged 19.5%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 3.4% (HV 20d: 22.9%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.20.

Notable Days

2025-02-03: Highest Volume — 232 contracts
2025-02-12: Largest IV spike — 10.4% change
2025-02-27: Highest IV Rank — 13.7%
2025-02-27: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.91	$43.64	$46.41	$44.52	$46.41
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	19.5%	17.4%	22.4%	19.7%	21.9%
Expected Move	5.7%	5.1%	6.4%	5.6%	6.3%
HV 20d	22.9%	18.5%	28.1%	26.6%	18.9%
HV 60d	27.0%	25.6%	27.6%	27.0%	25.7%
IV Rank	8.5%	4.9%	13.7%	8.9%	12.8%
IV Percentile	26.3%	10.3%	57.9%	22.2%	54.8%
Term Structure	0.8%	-0.5%	2.5%	0.3%	0.1%
VWIV	21.1%	12.4%	33.6%	19.7%	21.9%
Skew 25d	15.7%	4.6%	34.9%	8.9%	12.0%
Skew 10d	28.3%	6.7%	60.7%	13.9%	56.7%
Call IV 25d	17.7%	15.3%	20.0%	17.5%	17.3%
Put IV 25d	33.4%	22.2%	54.1%	26.4%	29.3%
Bid-Ask Spread %	67.52	32.30	93.23	32.30	93.23
Gamma HHI	0.71	0.51	0.93	0.69	0.51
Net GEX	264.1K	105.7K	984.2K	180.5K	114.1K
Net DEX	-1.6M	-2.5M	-1.1M	-1.7M	-1.6M
Net VEX	-7.1K	-8.1K	-6.2K	-8.1K	-6.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	0.70	0.02	0.00
Total Volume	29	0	232	232	37
Total OI	1,693.211	1,054	1,927	1,729	1,158

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$44.52	$40.00	19.7%	5.6%	26.6%	8.9%	19.7%	8.9%	0.3%	180.5K	-1.7M	-8.1K	0.02	32.30	N/A	N/A	228	4	1,046	683
2025-02-04	$43.64	$40.00	18.6%	5.3%	28.1%	7.1%	0.0%	7.1%	0.0%	151.7K	-1.2M	-7.8K	0.00	37.65	N/A	N/A	6	0	1,220	682
2025-02-05	$44.25	$40.00	18.6%	5.3%	28.0%	6.9%	0.0%	6.6%	0.3%	193.1K	-1.6M	-7.9K	0.25	43.45	N/A	N/A	8	2	1,222	682
2025-02-06	$45.08	$40.00	18.4%	5.5%	26.5%	6.6%	12.4%	7.3%	1.2%	224.0K	-2.1M	-7.8K	0.18	82.27	N/A	N/A	28	5	1,222	683
2025-02-07	$44.99	$40.00	18.3%	5.6%	26.2%	6.5%	0.0%	7.2%	1.5%	229.0K	-2.0M	-8.0K	0.00	80.06	N/A	N/A	0	0	1,227	680
2025-02-10	$44.97	$40.00	18.0%	5.6%	24.9%	5.9%	19.4%	7.2%	1.6%	253.4K	-2.0M	-7.6K	0.50	80.91	N/A	N/A	2	1	1,227	680
2025-02-11	$44.48	$40.00	17.4%	5.5%	24.1%	4.9%	0.0%	5.4%	1.7%	251.7K	-1.7M	-7.3K	0.09	74.98	N/A	N/A	11	1	1,228	681
2025-02-12	$44.16	$40.00	19.2%	5.5%	24.5%	8.0%	0.0%	5.2%	1.6%	232.6K	-1.4M	-7.2K	0.00	78.43	N/A	N/A	0	0	1,232	681
2025-02-13	$44.41	$40.00	18.9%	5.4%	22.6%	7.5%	0.0%	5.2%	1.6%	284.0K	-1.5M	-7.0K	0.00	86.51	N/A	N/A	1	0	1,232	681
2025-02-14	$43.92	$40.00	17.8%	5.1%	22.5%	5.6%	0.0%	4.6%	2.5%	188.6K	-1.1M	-6.4K	0.00	63.97	N/A	N/A	0	0	1,231	681
2025-02-18	$44.47	$40.00	18.8%	5.4%	22.6%	7.3%	0.0%	29.8%	1.9%	339.8K	-1.5M	-6.5K	0.00	75.30	N/A	N/A	0	0	1,231	681
2025-02-19	$44.78	$40.00	18.8%	5.4%	22.2%	7.3%	33.6%	29.3%	1.9%	459.0K	-1.8M	-6.6K	0.00	69.46	N/A	N/A	18	0	1,231	681
2025-02-20	$45.36	$40.00	18.8%	5.4%	20.0%	7.3%	18.4%	26.0%	0.4%	502.5K	-2.5M	-6.3K	0.06	66.95	N/A	N/A	33	2	1,243	681
2025-02-21	$45.09	$40.00	20.6%	5.9%	20.3%	10.6%	20.6%	28.6%	-0.5%	984.2K	-2.2M	-6.4K	0.06	67.12	N/A	N/A	33	2	1,245	682
2025-02-24	$45.31	$40.00	20.5%	5.9%	20.0%	10.3%	0.0%	28.5%	-0.4%	105.7K	-1.2M	-6.2K	0.70	65.55	N/A	N/A	40	28	702	352
2025-02-25	$45.90	$40.00	21.6%	6.2%	18.5%	12.2%	21.6%	22.8%	-0.1%	107.7K	-1.4M	-6.7K	0.67	64.85	N/A	N/A	12	8	732	380
2025-02-26	$45.42	$40.00	21.6%	6.2%	19.1%	12.2%	0.0%	34.9%	-0.4%	106.4K	-1.3M	-6.6K	0.04	64.49	N/A	N/A	25	1	740	387
2025-02-27	$46.04	$40.00	22.4%	6.4%	18.8%	13.7%	22.4%	21.3%	-0.1%	110.3K	-1.5M	-7.0K	0.50	55.44	N/A	N/A	10	5	756	388
2025-02-28	$46.41	$40.00	21.9%	6.3%	18.9%	12.8%	21.9%	12.0%	0.1%	114.1K	-1.6M	-6.9K	0.00	93.23	N/A	N/A	37	0	765	393