PCH Options History — December 2025

In December 2025, PCH traded between $38.77 and $41.20. ATM implied volatility averaged 26.0%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 1.4% (HV 20d: 24.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.40.

Notable Days

  • 2025-12-22: Highest Volume — 196 contracts
  • 2025-12-05: Largest IV spike — 68.9% change
  • 2025-12-05: Highest IV Rank — 66.7%
  • 2025-12-01: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.91$38.77$41.20$39.33$39.77
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV26.0%22.3%44.8%29.1%23.4%
Expected Move7.2%6.4%8.3%8.3%6.7%
HV 20d24.6%21.8%26.6%26.1%21.8%
HV 60d23.5%22.8%24.2%23.6%23.2%
IV Rank23.6%15.0%66.7%31.6%15.5%
IV Percentile49.7%32.5%98.8%70.6%34.9%
Term Structure3.4%-1.8%12.0%-1.6%4.0%
VWIV24.6%17.7%30.8%29.1%23.4%
Skew 25d5.8%0.1%27.0%8.3%2.1%
Skew 10d10.2%-1.0%52.9%14.8%3.4%
Call IV 25d23.3%17.8%30.5%25.6%23.0%
Put IV 25d29.1%21.5%53.2%33.8%25.2%
Bid-Ask Spread %99.4591.48126.3693.62102.81
Gamma HHI0.510.450.680.500.51
Net GEX76.1K40.7K208.9K65.1K63.1K
Net DEX357.1K-788.0K923.0K721.7K531.0K
Net VEX-13.7K-16.5K-11.5K-13.8K-11.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.007.000.000.06
Total Volume29.77321963717
Total OI3,804.3182,8984,3004,0652,931

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$39.33$40.0029.1%8.3%26.1%31.6%29.1%8.3%-1.6%65.1K721.7K-13.8K0.0093.62N/AN/A3703,085980
2025-12-02$38.95$40.0028.5%8.2%25.5%30.2%0.0%8.1%-1.8%52.5K888.0K-13.0K1.9593.24N/AN/A21413,111980
2025-12-03$38.87$40.0027.6%7.9%25.3%28.2%0.0%6.4%-0.9%48.2K846.4K-12.9K0.0099.04N/AN/A2903,116994
2025-12-04$38.77$40.0026.5%7.5%24.7%25.6%30.8%6.2%2.9%40.7K923.0K-12.4K3.5091.48N/AN/A6213,139994
2025-12-05$39.42$40.0044.8%7.0%24.2%66.7%0.0%6.2%12.0%121.6K49.5K-16.3K0.00126.36N/AN/A3703,1451,015
2025-12-08$39.97$40.0028.3%7.7%22.8%28.7%26.7%3.5%3.2%72.2K439.4K-14.5K0.12102.74N/AN/A3343,1771,015
2025-12-09$39.34$40.0026.3%7.5%23.3%24.2%17.7%7.3%3.2%48.6K663.6K-13.4K0.0097.02N/AN/A3303,2051,018
2025-12-10$40.80$40.0025.8%7.4%26.5%23.2%25.8%27.0%4.0%110.5K-112.7K-15.7K0.0497.73N/AN/A2513,2381,018
2025-12-11$40.80$40.0025.1%7.2%26.2%21.6%0.0%3.1%4.0%87.8K-43.0K-15.2K6.0097.73N/AN/A163,2631,019
2025-12-12$40.36$40.0024.5%7.0%26.5%20.0%24.5%2.4%3.8%70.1K321.7K-14.1K0.2795.76N/AN/A1133,2631,025
2025-12-15$40.49$40.0025.2%7.2%26.1%21.7%0.0%3.8%3.2%82.3K-78.3K-15.0K7.0094.31N/AN/A173,2651,028
2025-12-16$40.47$40.0025.0%7.2%24.3%21.2%25.0%3.5%3.4%80.1K-31.3K-14.7K0.0099.19N/AN/A1003,2661,024
2025-12-17$41.20$40.0026.0%7.4%24.7%23.5%25.7%0.1%2.7%208.9K-788.0K-16.5K0.0094.66N/AN/A4303,2761,024
2025-12-18$40.22$40.0024.3%7.0%26.6%19.7%24.3%9.8%3.6%73.3K105.4K-14.6K0.38100.65N/AN/A1663,2721,024
2025-12-19$39.75$40.0022.8%6.5%26.2%16.2%22.8%1.1%4.3%56.0K553.6K-12.8K0.18103.06N/AN/A1123,2721,022
2025-12-22$39.41$40.0022.3%6.4%26.0%15.0%22.3%8.6%4.4%46.2K815.0K-11.5K3.0894.27N/AN/A481481,8911,007
2025-12-23$39.89$40.0022.3%6.4%24.9%15.0%22.3%4.3%4.1%64.4K531.5K-12.6K1.0099.17N/AN/A441,920993
2025-12-24$39.91$40.0023.7%6.8%22.6%18.3%0.0%5.5%4.0%71.3K356.4K-12.8K1.0097.75N/AN/A331,924997
2025-12-26$40.18$40.0023.5%6.7%22.6%17.9%23.5%2.5%3.9%73.3K339.2K-13.0K0.13105.38N/AN/A811,924997
2025-12-29$39.96$40.0023.9%6.9%22.7%18.7%0.0%2.5%3.6%65.4K491.4K-12.0K1.00101.52N/AN/A111,920998
2025-12-30$40.09$40.0023.7%6.8%21.9%16.2%0.0%6.2%3.9%72.1K331.9K-12.0K5.00100.44N/AN/A2101,921999
2025-12-31$39.77$40.0023.4%6.7%21.8%15.5%23.4%2.1%4.0%63.1K531.0K-11.9K0.06102.81N/AN/A1611,9221,009