PFFA Options History — February 2021

In February 2021, PFFA traded between $22.07 and $22.62. ATM implied volatility averaged 14.4%. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 4.2% (HV 20d: 10.2%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.26.

Notable Days

  • 2021-02-25: Highest Volume — 18 contracts
  • 2021-02-09: Largest IV spike — 81.5% change
  • 2021-02-16: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.41$22.07$22.62$22.07$22.32
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV14.4%6.1%23.5%11.1%11.5%
Expected Move4.6%3.2%6.7%3.2%3.3%
HV 20d10.2%7.7%11.7%11.7%7.7%
Term Structure8.3%-1.8%27.9%2.4%18.8%
VWIV15.3%10.4%23.5%23.5%11.8%
Skew 25d16.0%-52.0%72.2%19.3%4.7%
Skew 10d33.6%-44.1%142.3%32.9%8.0%
Call IV 25d11.6%6.2%71.9%10.5%8.3%
Put IV 25d27.6%13.0%81.7%29.8%13.0%
Bid-Ask Spread %137.94126.03173.33127.01131.30
Gamma HHI0.710.500.920.680.92
Net GEX9.2K-50714.3K3.7K8.7K
Net DEX-76.9K-107.3K-33.5K-46.4K-84.7K
Net VEX-400-492-236-407-492
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.001.000.000.67
Total Volume3.78901805
Total OI108.57955142106142

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$22.07$22.0011.1%3.2%11.7%0.0%0.0%19.3%2.4%3.7K-46.4K-4070.00127.01N/AN/A008323
2021-02-02$22.22$22.0011.7%3.4%11.6%0.0%0.0%61.2%3.6%5.2K-54.9K-4130.00126.03N/AN/A008323
2021-02-03$22.16$22.0012.1%3.5%11.3%0.0%0.0%72.2%2.1%4.6K-52.8K-4110.00126.97N/AN/A008323
2021-02-04$22.30$22.0014.1%3.7%11.4%0.0%0.0%5.7%-0.5%6.7K-61.1K-4030.00156.83N/AN/A608323
2021-02-05$22.48$22.006.1%5.5%11.6%0.0%0.0%0.0%-1.6%9.0K-33.9K-2400.00173.33N/AN/A00523
2021-02-08$22.47$22.007.0%5.4%11.6%0.0%0.0%0.0%-1.8%8.9K-33.5K-2360.00171.43N/AN/A00523
2021-02-09$22.61$22.0012.7%5.1%11.5%0.0%0.0%8.0%0.9%13.8K-94.2K-3770.00144.85N/AN/A008923
2021-02-10$22.62$22.0018.0%5.2%11.4%0.0%0.0%14.2%1.2%11.0K-89.3K-4050.00129.79N/AN/A008923
2021-02-11$22.52$22.0018.3%5.3%10.0%0.0%0.0%33.8%4.9%7.9K-84.4K-4150.00129.29N/AN/A008923
2021-02-12$22.51$22.0018.2%5.2%9.7%0.0%0.0%26.9%2.8%7.9K-89.7K-3960.00130.16N/AN/A308923
2021-02-16$22.48$22.0023.5%6.7%9.7%0.0%23.5%-52.0%1.7%-507-43.1K-2821.00152.05N/AN/A115522
2021-02-17$22.52$22.0020.1%5.8%9.6%0.0%13.9%15.1%1.3%11.4K-92.6K-3840.13129.95N/AN/A819324
2021-02-18$22.48$22.0013.8%4.0%9.6%0.0%15.4%24.9%14.2%9.7K-93.2K-4180.00131.77N/AN/A0110126
2021-02-19$22.53$22.0020.9%6.0%9.6%0.0%10.4%8.5%18.8%12.7K-102.9K-4140.00129.07N/AN/A15010127
2021-02-22$22.41$22.0012.3%3.5%9.7%0.0%0.0%7.2%27.9%13.6K-107.3K-4820.00130.85N/AN/A1001147
2021-02-23$22.39$22.0012.6%3.6%9.3%0.0%13.6%7.5%17.6%14.3K-104.7K-4790.00130.86N/AN/A031147
2021-02-24$22.43$22.0013.3%3.8%9.3%0.0%0.0%7.8%17.3%14.1K-104.9K-4820.00130.79N/AN/A0011410
2021-02-25$22.19$22.0016.2%4.6%7.7%0.0%18.6%6.9%25.6%11.5K-88.6K-4690.00138.56N/AN/A01811410
2021-02-26$22.32$22.0011.5%3.3%7.7%0.0%11.8%4.7%18.8%8.7K-84.7K-4920.67131.30N/AN/A3211428