PCH Options History — September 2025

In September 2025, PCH traded between $39.27 and $42.91. ATM implied volatility averaged 29.1%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 1.7% (HV 20d: 27.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.14.

Notable Days

  • 2025-09-15: Highest Volume — 392 contracts
  • 2025-09-08: Largest IV spike — 49.1% change
  • 2025-09-08: Highest IV Rank — 51.0%
  • 2025-09-16: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.89$39.27$42.91$40.64$40.95
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV29.1%25.3%37.7%29.3%28.5%
Expected Move8.2%7.5%8.8%8.4%8.2%
HV 20d27.4%24.5%29.4%25.3%26.0%
HV 60d29.0%27.9%29.7%28.6%27.9%
IV Rank31.5%22.8%51.0%32.0%30.2%
IV Percentile80.3%67.1%95.6%82.9%79.0%
Term Structure1.9%-1.3%3.7%-1.3%2.5%
VWIV30.1%18.7%41.5%29.0%38.0%
Skew 25d8.9%2.3%34.2%34.2%15.0%
Skew 10d18.5%4.3%62.3%62.3%28.2%
Call IV 25d25.8%19.8%30.5%20.5%19.8%
Put IV 25d34.7%29.1%54.7%54.7%34.8%
Bid-Ask Spread %81.4065.2290.2190.2181.57
Gamma HHI0.710.620.830.690.71
Net GEX850.0K609.5K1.4M797.6K788.6K
Net DEX-12.3M-19.0M-7.6M-11.6M-11.7M
Net VEX-66.2K-80.3K-56.2K-68.9K-60.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.0014.680.460.09
Total Volume85.714139270267
Total OI12,850.1911,24614,08413,28511,337

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$40.64$40.0029.3%8.4%25.3%32.0%29.0%34.2%-1.3%797.6K-11.6M-68.9K0.4690.21N/AN/A482211,9171,368
2025-09-03$40.67$40.0027.8%8.0%24.5%28.6%36.3%29.2%-0.5%793.5K-11.6M-68.3K0.0785.58N/AN/A15111,8921,384
2025-09-04$42.00$40.0029.9%8.1%27.4%33.4%28.1%3.6%3.1%1.2M-16.0M-76.2K0.5677.83N/AN/A16911,8921,385
2025-09-05$42.91$40.0025.3%7.8%28.6%22.8%27.1%4.2%2.0%1.4M-19.0M-80.3K0.0766.18N/AN/A1781211,9051,390
2025-09-08$42.64$40.0037.7%7.6%28.6%51.0%27.8%2.3%1.9%1.3M-18.6M-77.7K0.0679.81N/AN/A121711,9781,390
2025-09-09$41.62$40.0030.2%8.2%29.4%34.0%0.0%4.0%2.8%961.2K-14.0M-69.5K0.0079.26N/AN/A41012,0991,397
2025-09-10$41.66$40.0028.8%8.3%28.3%30.9%0.0%3.6%1.9%976.9K-14.1M-68.1K0.5065.22N/AN/A2112,0791,417
2025-09-11$42.39$40.0030.6%8.8%27.5%34.9%29.3%3.1%1.7%1.1M-16.7M-73.4K0.0479.45N/AN/A3411312,0811,418
2025-09-12$41.59$40.0030.0%8.6%28.2%33.6%28.9%4.3%2.0%898.2K-14.3M-69.2K0.8879.33N/AN/A262312,3581,429
2025-09-15$40.62$40.0030.3%8.7%28.5%34.2%29.0%5.1%1.3%753.8K-12.5M-64.2K14.6880.29N/AN/A2536712,2871,431
2025-09-16$40.55$40.0030.8%8.8%28.5%35.3%28.9%4.6%0.9%710.1K-11.4M-67.2K0.0081.14N/AN/A15012,2841,789
2025-09-17$40.46$40.0029.8%8.5%27.9%33.1%18.7%12.3%1.5%713.8K-11.3M-67.5K2.3388.89N/AN/A3712,2891,792
2025-09-18$40.75$40.0029.7%8.5%27.9%32.9%0.0%4.3%1.6%730.4K-12.0M-68.6K1.0081.22N/AN/A2212,2871,797
2025-09-19$39.75$40.0028.2%8.1%28.9%29.6%28.2%3.6%1.9%635.3K-8.8M-60.9K0.5684.59N/AN/A543012,2861,795
2025-09-22$39.82$40.0028.1%8.1%26.4%29.2%28.3%2.6%2.3%669.4K-8.8M-60.7K1.5685.25N/AN/A18289,5091,737
2025-09-23$40.11$40.0028.2%8.1%26.7%29.5%28.2%10.4%2.4%698.3K-9.7M-59.4K0.5481.44N/AN/A1379,5191,743
2025-09-24$40.00$40.0027.4%7.9%26.4%27.6%0.0%10.2%1.8%695.0K-9.8M-59.3K0.0583.64N/AN/A2019,5151,752
2025-09-25$39.27$40.0027.8%8.0%26.1%28.6%36.5%7.9%2.7%609.5K-7.6M-56.2K0.3587.46N/AN/A2079,5341,753
2025-09-26$39.98$40.0026.0%7.5%27.2%24.5%41.5%11.4%3.7%694.3K-9.0M-56.9K0.0983.08N/AN/A3439,5541,749
2025-09-29$40.23$40.0027.1%7.8%27.3%26.9%27.1%11.8%3.4%726.3K-9.6M-58.2K0.0087.99N/AN/A109,5871,749
2025-09-30$40.95$40.0028.5%8.2%26.0%30.2%38.0%15.0%2.5%788.6K-11.7M-60.3K0.0981.57N/AN/A245229,5881,749