PFFA Options History — April 2021

In April 2021, PFFA traded between $24.30 and $24.60. ATM implied volatility averaged 23.2%. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 15.5% (HV 20d: 7.8%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.12.

Notable Days

  • 2021-04-13: Highest Volume — 39 contracts
  • 2021-04-05: Largest IV spike — 406.1% change
  • 2021-04-05: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.44$24.30$24.60$24.30$24.32
Max Pain$24.67$24.00$25.00$24.00$25.00
ATM IV23.2%8.7%50.8%9.7%20.9%
Expected Move5.6%2.5%7.8%2.8%6.0%
HV 20d7.8%6.1%8.9%7.9%6.1%
HV 60d8.4%7.4%9.3%9.1%7.4%
Term Structure-3.1%-17.5%13.6%-0.7%-7.5%
VWIV13.8%7.1%26.8%8.4%13.0%
Skew 25d1.6%-31.4%13.4%-31.4%5.6%
Skew 10d-1.7%-35.1%9.6%-35.1%8.6%
Call IV 25d13.7%5.9%41.9%41.9%9.5%
Put IV 25d15.3%10.3%21.0%10.4%15.1%
Bid-Ask Spread %134.20122.96184.00133.75125.58
Gamma HHI0.450.330.760.460.44
Net GEX8.6K-1.1K18.1K10.8K8.0K
Net DEX-189.8K-263.9K1.5K-214.8K-185.5K
Net VEX-261-378-63-331-337
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.000.500.200.00
Total Volume4.905039120
Total OI12323151134130

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$24.30$24.009.7%2.8%7.9%0.0%8.4%-31.4%-0.7%10.8K-214.8K-3310.20133.75N/AN/A10211420
2021-04-05$24.59$24.0049.3%7.8%8.4%0.0%0.0%-12.6%-16.1%9.2K-219.4K-3290.00131.14N/AN/A1011420
2021-04-06$24.60$24.0028.3%7.5%8.4%0.0%0.0%-11.8%-17.5%8.8K-246.4K-2630.00132.72N/AN/A0012320
2021-04-07$24.57$24.0029.8%7.0%8.6%0.0%0.0%-10.9%-13.3%10.5K-256.5K-2740.00132.21N/AN/A1013120
2021-04-08$24.55$24.0032.4%7.0%8.7%0.0%7.1%6.1%-7.3%10.6K-263.9K-1940.00135.11N/AN/A10013120
2021-04-09$24.55$24.0014.0%6.3%8.8%0.0%0.0%0.0%-13.2%-7501.5K-670.00184.00N/AN/A01819
2021-04-12$24.52$25.0044.1%7.4%8.9%0.0%0.0%5.1%-8.6%18.1K-237.9K-2110.00134.28N/AN/A1012121
2021-04-13$24.51$25.0050.8%5.4%8.6%0.0%26.8%11.2%7.9%13.2K-199.3K-2720.18134.78N/AN/A33611221
2021-04-14$24.46$25.0025.9%7.4%8.3%0.0%0.0%10.9%-4.5%5.8K-168.1K-3780.00134.53N/AN/A1010121
2021-04-15$24.45$24.0011.6%3.3%8.2%0.0%0.0%0.0%0.8%-1.1K552-630.50180.00N/AN/A21815
2021-04-16$24.52$25.0023.2%6.6%7.1%0.0%0.0%7.4%9.5%12.4K-215.9K-1030.00141.59N/AN/A0010422
2021-04-19$24.53$25.0014.2%4.1%6.9%0.0%0.0%13.4%5.6%6.8K-209.4K-1880.45122.96N/AN/A11510213
2021-04-20$24.30$25.008.7%2.5%7.8%0.0%0.0%3.1%12.9%9.2K-196.5K-2970.00125.44N/AN/A4011218
2021-04-21$24.38$25.009.8%2.8%7.8%0.0%0.0%4.9%13.0%8.9K-206.3K-2990.00124.24N/AN/A0011618
2021-04-22$24.35$25.0010.0%2.9%7.8%0.0%0.0%4.4%13.6%9.4K-204.5K-2820.00124.14N/AN/A0311518
2021-04-23$24.39$25.0019.7%5.6%7.8%0.0%0.0%7.0%-6.2%8.9K-201.6K-3230.00123.81N/AN/A10011521
2021-04-26$24.38$25.0021.4%6.1%6.7%0.0%13.0%4.7%-8.0%7.7K-197.3K-2850.00123.98N/AN/A0110821
2021-04-27$24.32$25.0021.2%6.1%6.7%0.0%0.0%0.1%-9.3%8.1K-186.0K-3380.00123.55N/AN/A0010822
2021-04-28$24.38$25.0021.1%6.0%6.6%0.0%0.0%6.9%-7.8%7.8K-189.0K-3340.00125.36N/AN/A0010822
2021-04-29$24.37$25.0022.1%6.3%6.6%0.0%0.0%7.0%-9.3%7.9K-190.3K-3130.00125.02N/AN/A0010822
2021-04-30$24.32$25.0020.9%6.0%6.1%0.0%0.0%5.6%-7.5%8.0K-185.5K-3370.00125.58N/AN/A0010822