PCG (PCG) options memo

The Read

PCG is up 0.46% today at $17.38.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through $14.50 would change how dealers hedge this stock.

Key numbers

• Spot: $17.38
• Lean: neutral
• Nearest expiry: Fri 8/28
• Implied move: 5.0%
• ATM implied volatility: 95.2%
• Max pain: $17.50
• Pin strike: $17.50
• Gamma flip: $17.36
• Dealer positioning: SHORT GAMMA
• Call wall: $19.00
• Put wall: $17.00
• Put/call open interest: 0.556