PFFA Options History — January 2021

In January 2021, PFFA traded between $21.71 and $22.38. ATM implied volatility averaged 40.7%. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 28.7% (HV 20d: 12.0%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 17 of 18 trading days. Term structure was in contango for 4 of 18 days. Put/call ratio averaged 0.11.

Notable Days

  • 2021-01-29: Highest Volume — 33 contracts
  • 2021-01-19: Largest IV spike — 72.1% change
  • 2021-01-19: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.07$21.71$22.38$22.01$21.91
Max Pain$22.33$22.00$23.00$22.00$23.00
ATM IV40.7%9.3%96.9%48.2%9.3%
Expected Move8.5%2.7%12.2%10.0%2.7%
HV 20d12.0%11.7%12.2%12.2%11.7%
Term Structure-13.2%-31.0%4.7%-15.8%-3.9%
VWIV18.8%9.3%34.2%21.5%9.3%
Skew 25d6.9%0.3%31.2%6.5%31.2%
Skew 10d7.9%-33.6%46.7%14.8%46.7%
Call IV 25d31.4%7.4%47.1%42.0%9.4%
Put IV 25d38.2%14.0%51.3%48.5%40.6%
Bid-Ask Spread %149.23134.21200.00140.92200.00
Gamma HHI0.590.511.000.590.67
Net GEX3.1K-1.3K5.7K3.2K1.3K
Net DEX-20.2K-30.3K3.8K-22.8K-17.4K
Net VEX-169-209-115-172-139
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.000.500.000.00
Total Volume4.444033033
Total OI40.16724623729

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-05$22.01$0.0048.2%10.0%0.0%0.0%0.0%6.5%-15.8%3.2K-22.8K-1720.00140.92N/AN/A00343
2021-01-06$21.93$0.0066.3%10.3%0.0%0.0%0.0%5.3%-18.5%3.0K-22.2K-1720.00139.50N/AN/A00343
2021-01-07$21.89$0.0069.4%10.3%0.0%0.0%0.0%4.9%-17.2%2.3K-25.8K-1800.00139.34N/AN/A00343
2021-01-08$21.88$0.0074.2%10.2%0.0%0.0%0.0%4.2%-16.1%3.1K-20.6K-1690.00139.59N/AN/A00343
2021-01-11$21.77$0.0096.9%10.7%0.0%0.0%0.0%4.0%-18.4%3.0K-18.3K-1590.00139.31N/AN/A00343
2021-01-12$21.71$0.0064.0%11.1%0.0%0.0%0.0%4.8%-20.5%2.7K-19.7K-1630.00139.24N/AN/A00343
2021-01-13$22.10$0.0038.4%11.0%0.0%0.0%0.0%5.0%-19.0%2.9K-27.4K-1780.00139.19N/AN/A00343
2021-01-14$22.26$0.0039.2%11.2%0.0%0.0%0.0%4.1%-20.1%3.0K-30.3K-1810.00139.25N/AN/A10343
2021-01-15$22.28$0.0024.8%7.1%0.0%0.0%0.0%0.0%0.0%3.5K-15.1K-1150.00200.00N/AN/A00240
2021-01-19$22.38$0.0042.6%12.2%0.0%0.0%0.0%4.2%-31.0%5.7K-28.5K-1670.00139.89N/AN/A00363
2021-01-20$22.32$0.0029.0%8.3%0.0%0.0%0.0%14.6%-17.5%4.8K-28.0K-1700.00134.98N/AN/A00363
2021-01-21$22.28$0.0036.1%10.3%0.0%0.0%0.0%0.3%-18.7%4.8K-26.6K-1630.00134.53N/AN/A00363
2021-01-22$22.37$0.0037.1%10.6%0.0%0.0%0.0%1.3%-20.6%5.6K-27.6K-1610.00134.21N/AN/A01363
2021-01-25$22.21$0.0016.6%4.8%0.0%0.0%21.5%1.8%4.3%4.9K-24.9K-1600.00148.52N/AN/A018363
2021-01-26$22.21$22.0012.4%3.6%0.0%0.0%0.0%6.6%1.6%1.2K-7.4K-1950.00149.04N/AN/A203622
2021-01-27$21.82$22.0018.1%5.2%12.2%0.0%34.2%10.8%2.3%1.2K-4.5K-2090.50189.85N/AN/A213821
2021-01-28$21.94$23.009.5%2.7%12.0%0.0%10.2%31.2%4.7%-1.3K3.8K-1810.05138.73N/AN/A2114022
2021-01-29$21.91$0.009.3%2.7%11.7%0.0%9.3%0.0%-3.9%1.3K-17.4K-1390.00200.00N/AN/A330263