PCH Options History — May 2025

In May 2025, PCH traded between $37.36 and $40.28. ATM implied volatility averaged 21.6%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 12.2% (HV 20d: 33.8%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2025-05-09: Highest Volume — 2,586 contracts
  • 2025-05-07: Largest IV drop — 40.2% change
  • 2025-05-06: Highest IV Rank — 40.4%
  • 2025-05-06: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.03$37.36$40.28$38.31$39.27
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV21.6%17.4%32.6%23.5%18.7%
Expected Move6.2%5.4%8.4%6.7%5.4%
HV 20d33.8%26.4%48.1%48.1%28.7%
HV 60d34.4%32.6%35.5%32.9%35.1%
IV Rank15.7%6.2%40.4%19.9%9.3%
IV Percentile40.8%10.3%87.7%56.0%16.3%
Term Structure1.6%-0.2%3.4%-0.1%1.8%
VWIV22.2%18.8%29.5%23.7%18.8%
Skew 25d13.7%-2.5%43.5%8.1%43.5%
Skew 10d20.7%-4.0%58.9%9.6%58.9%
Call IV 25d20.1%16.4%23.5%23.5%18.4%
Put IV 25d33.9%19.0%61.9%31.6%61.9%
Bid-Ask Spread %76.3850.9496.6172.8888.99
Gamma HHI0.450.310.650.310.44
Net GEX146.0K-6.9K350.9K14.7K182.7K
Net DEX-3.2M-6.6M453.4K200.3K-4.4M
Net VEX-22.6K-35.1K-3.5K-4.2K-33.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.008.670.160.73
Total Volume202.61922,5862919
Total OI3,694.6191,9714,6731,9714,673

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$38.31$40.0023.5%6.7%48.1%19.9%23.7%8.1%-0.1%14.7K200.3K-4.2K0.1672.88N/AN/A2541,482489
2025-05-02$38.84$40.0022.5%6.5%45.6%17.7%23.2%-2.5%0.3%28.3K46.5K-4.3K0.3650.94N/AN/A1141,493489
2025-05-05$38.63$40.0025.1%6.8%42.1%23.6%29.5%7.4%2.0%25.4K95.9K-4.1K0.0874.13N/AN/A1211,493489
2025-05-06$37.36$40.0032.6%8.4%42.0%40.4%28.6%5.6%-0.2%-6.9K453.4K-3.5K0.3364.87N/AN/A1241,492488
2025-05-07$37.87$40.0019.5%6.4%41.1%11.0%21.5%5.8%2.9%7.8K309.4K-3.7K0.0076.49N/AN/A1201,491489
2025-05-08$38.22$40.0017.4%6.3%33.9%6.2%21.2%5.3%3.4%17.1K299.6K-3.6K0.1376.23N/AN/A1521,496489
2025-05-09$38.31$40.0022.0%6.4%30.8%16.7%24.7%6.9%3.2%18.9K198.4K-3.9K0.0063.30N/AN/A2,575111,503489
2025-05-12$40.12$40.0023.2%6.2%34.9%19.3%21.8%7.8%1.4%243.0K-6.0M-25.1K0.5667.38N/AN/A4062263,639495
2025-05-13$40.24$40.0024.8%6.0%34.6%22.9%21.1%8.3%2.6%270.3K-6.4M-30.5K0.0391.87N/AN/A3813,945712
2025-05-14$39.36$40.0021.2%6.1%35.4%14.9%0.0%5.7%2.7%251.9K-5.2M-30.2K0.0089.20N/AN/A203,936712
2025-05-15$40.00$40.0021.3%6.1%35.1%14.9%20.7%7.5%0.7%333.0K-6.0M-29.8K0.1089.95N/AN/A1013,937712
2025-05-16$40.28$40.0021.3%6.1%32.6%15.0%21.3%25.1%0.6%350.9K-6.6M-29.8K0.0196.61N/AN/A10513,940713
2025-05-19$40.02$40.0021.0%6.0%27.7%14.4%21.0%26.9%0.7%197.0K-5.8M-29.6K8.6761.07N/AN/A544683,557496
2025-05-20$39.51$40.0020.7%5.9%26.4%13.7%20.7%5.6%1.2%159.0K-4.5M-35.1K0.2171.63N/AN/A1943,605963
2025-05-21$38.53$40.0020.8%6.0%27.8%13.9%0.0%4.5%1.3%151.0K-3.6M-34.3K0.2268.90N/AN/A923,615964
2025-05-22$38.62$40.0020.4%5.8%27.9%13.0%20.4%-1.7%1.2%150.6K-3.7M-34.0K0.2581.17N/AN/A413,616964
2025-05-23$38.32$40.0019.7%5.6%28.0%11.3%0.0%5.3%2.2%149.7K-3.4M-33.8K0.0075.99N/AN/A7103,619965
2025-05-27$39.37$40.0019.3%5.5%29.5%10.6%0.0%31.3%2.1%177.5K-4.4M-33.5K0.0471.22N/AN/A5323,670965
2025-05-28$39.10$40.0019.4%5.5%29.5%10.7%19.4%39.7%1.5%165.8K-4.2M-33.8K0.0683.81N/AN/A3323,673967
2025-05-29$39.28$40.0019.0%5.5%28.7%9.9%19.1%42.0%1.6%179.2K-4.3M-33.9K0.3887.39N/AN/A26103,694968
2025-05-30$39.27$40.0018.7%5.4%28.7%9.3%18.8%43.5%1.8%182.7K-4.4M-33.4K0.7388.99N/AN/A1183,697976