PFFA Options History — April 2022

In April 2022, PFFA traded between $22.84 and $24.04. ATM implied volatility averaged 15.9%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 6.5% (HV 20d: 9.4%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 4.08.

Notable Days

2022-04-04: Highest Volume — 163 contracts
2022-04-11: Largest IV spike — 479.7% change
2022-04-11: Highest IV Rank — 94.6%
2022-04-11: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.44	$22.84	$24.04	$24.04	$22.96
Max Pain	$24.00	$24.00	$24.00	$24.00	$24.00
ATM IV	15.9%	6.8%	48.2%	17.6%	13.3%
Expected Move	3.5%	2.2%	4.8%	4.6%	3.8%
HV 20d	9.4%	7.7%	11.1%	11.1%	8.8%
HV 60d	11.3%	11.1%	11.5%	11.1%	11.5%
IV Rank	26.2%	6.1%	94.6%	29.2%	21.2%
IV Percentile	56.3%	6.7%	99.6%	82.5%	62.3%
Term Structure	0.7%	-8.0%	7.3%	3.5%	1.5%
VWIV	10.7%	5.6%	16.0%	16.0%	13.5%
Skew 25d	11.5%	-4.9%	58.1%	8.1%	2.9%
Skew 10d	31.7%	-4.8%	76.6%	6.4%	4.6%
Call IV 25d	11.9%	6.3%	19.5%	10.5%	12.5%
Put IV 25d	23.4%	6.6%	72.2%	18.5%	15.4%
Bid-Ask Spread %	111.83	100.35	120.78	117.61	104.73
Gamma HHI	0.43	0.30	0.88	0.30	0.38
Net GEX	-31.4K	-55.8K	-10.5K	-12.1K	-37.4K
Net DEX	335.5K	169.5K	461.0K	181.3K	352.8K
Net VEX	-1.0K	-1.3K	-412	-1.2K	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.08	1.26	9.00	7.10	3.17
Total Volume	97.9	10	163	162	121
Total OI	439.6	380	480	380	460

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$24.04	$24.00	17.6%	4.6%	11.1%	29.2%	16.0%	8.1%	3.5%	-12.1K	181.3K	-1.2K	7.10	117.61	N/A	N/A	20	142	98	282
2022-04-04	$24.02	$24.00	19.4%	4.0%	9.9%	33.0%	14.2%	-3.4%	1.4%	-12.2K	169.5K	-960	7.15	112.33	N/A	N/A	20	143	98	282
2022-04-05	$23.88	$24.00	20.8%	4.2%	10.2%	36.1%	14.6%	0.1%	-0.2%	-12.9K	215.1K	-1.1K	7.15	120.26	N/A	N/A	20	143	98	283
2022-04-06	$23.68	$24.00	13.4%	2.7%	10.5%	20.3%	9.6%	5.3%	0.4%	-13.3K	252.7K	-1.1K	4.74	120.62	N/A	N/A	19	90	100	283
2022-04-07	$23.71	$24.00	6.8%	3.0%	10.5%	6.1%	10.5%	0.4%	6.3%	-10.5K	247.9K	-1.1K	5.26	115.42	N/A	N/A	19	100	101	290
2022-04-08	$23.65	$24.00	8.3%	3.4%	10.4%	9.3%	11.9%	6.4%	2.5%	-19.1K	292.8K	-1.0K	3.00	118.37	N/A	N/A	19	57	101	301
2022-04-11	$23.37	$24.00	48.2%	4.8%	10.1%	94.6%	8.1%	-4.9%	-8.0%	-23.3K	338.5K	-1.3K	5.05	117.49	N/A	N/A	19	96	101	359
2022-04-12	$23.51	$24.00	45.0%	4.0%	10.2%	92.6%	8.3%	-0.4%	3.7%	-41.0K	382.6K	-1.1K	4.89	120.78	N/A	N/A	19	93	101	374
2022-04-13	$23.56	$24.00	15.2%	4.4%	9.4%	25.5%	9.2%	0.9%	3.5%	-38.3K	370.5K	-1.1K	4.89	119.53	N/A	N/A	19	93	101	374
2022-04-14	$23.47	$24.00	10.0%	2.9%	9.1%	13.7%	10.2%	-4.8%	-4.3%	-51.7K	375.4K	-843	4.35	114.53	N/A	N/A	20	87	101	374
2022-04-18	$23.45	$24.00	14.8%	4.2%	8.9%	24.5%	10.9%	20.4%	-7.3%	-32.9K	333.1K	-1.2K	1.35	107.87	N/A	N/A	23	31	89	355
2022-04-19	$23.49	$24.00	13.3%	3.8%	8.6%	21.0%	8.2%	10.7%	-5.1%	-19.2K	433.7K	-412	1.30	100.35	N/A	N/A	23	30	96	363
2022-04-20	$23.47	$24.00	14.1%	4.0%	8.6%	22.8%	7.0%	4.4%	-3.9%	-32.9K	327.7K	-1.2K	1.26	107.49	N/A	N/A	23	29	96	364
2022-04-21	$23.21	$24.00	10.2%	2.9%	9.0%	14.1%	10.4%	28.4%	-0.4%	-41.2K	371.8K	-1.1K	1.83	102.47	N/A	N/A	23	42	96	364
2022-04-22	$23.18	$24.00	10.2%	2.9%	8.7%	14.2%	9.6%	7.8%	2.7%	-39.1K	391.0K	-1.1K	1.91	106.21	N/A	N/A	23	44	101	376
2022-04-25	$23.08	$24.00	9.8%	2.8%	8.7%	13.2%	11.8%	-1.1%	4.4%	-44.6K	443.4K	-962	1.87	105.13	N/A	N/A	23	43	101	378
2022-04-26	$23.03	$24.00	7.7%	2.2%	8.6%	8.5%	12.8%	44.9%	3.3%	-55.8K	461.0K	-924	3.61	107.43	N/A	N/A	23	83	101	379
2022-04-27	$22.84	$24.00	8.1%	2.3%	7.7%	9.3%	5.6%	58.1%	7.3%	-42.3K	404.0K	-736	9.00	111.44	N/A	N/A	1	9	101	330
2022-04-28	$23.10	$24.00	10.9%	3.1%	9.0%	15.7%	11.3%	46.1%	2.8%	-47.3K	365.8K	-835	2.71	106.59	N/A	N/A	34	92	101	339
2022-04-29	$22.96	$24.00	13.3%	3.8%	8.8%	21.2%	13.5%	2.9%	1.5%	-37.4K	352.8K	-1.0K	3.17	104.73	N/A	N/A	29	92	111	349