PFFA Options History — February 2023

In February 2023, PFFA traded between $20.44 and $21.65. ATM implied volatility averaged 13.3%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 0.6% (HV 20d: 12.6%). Max pain ranged from $19.00 to $21.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 3.42.

Notable Days

  • 2023-02-02: Highest Volume — 314 contracts
  • 2023-02-06: Largest IV spike — 75.9% change
  • 2023-02-21: Highest IV Rank — 17.4%
  • 2023-02-21: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.97$20.44$21.65$21.36$20.59
Max Pain$20.58$19.00$21.00$20.00$21.00
ATM IV13.3%8.9%21.0%12.8%14.1%
Expected Move3.6%2.5%6.0%3.7%4.0%
HV 20d12.6%9.3%15.7%11.1%15.2%
HV 60d16.2%14.6%17.9%17.6%15.8%
IV Rank8.6%3.7%17.4%8.1%9.6%
IV Percentile33.1%10.3%69.8%29.0%39.3%
Term Structure8.4%-8.0%63.3%-8.0%8.8%
VWIV14.9%9.3%40.3%13.4%9.3%
Skew 25d10.2%-50.0%41.9%2.8%3.7%
Skew 10d14.1%-80.5%70.7%14.3%4.4%
Call IV 25d12.4%5.5%66.5%9.6%9.5%
Put IV 25d22.6%10.8%50.2%12.4%13.2%
Bid-Ask Spread %99.2680.15112.30104.1484.41
Gamma HHI0.330.250.490.330.49
Net GEX108-24.9K38.2K38.2K-17.9K
Net DEX-186.4K-619.8K94.2K-546.3K-104.7K
Net VEX-1.6K-2.0K-480-1.9K-480
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.420.0019.400.620.00
Total Volume35.42103141052
Total OI865.368827954878871

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$21.36$20.0012.8%3.7%11.1%8.1%13.4%2.8%-8.0%38.2K-546.3K-1.9K0.62104.14N/AN/A6540489389
2023-02-02$21.65$19.0015.7%3.2%9.3%11.3%11.6%14.6%2.2%25.1K-619.8K-1.3K5.68112.30N/AN/A47267454404
2023-02-03$21.41$20.009.6%2.9%11.2%4.6%11.3%9.2%4.2%26.9K-500.0K-2.0K0.27112.28N/AN/A4412457487
2023-02-06$21.17$20.0016.9%3.3%11.5%12.8%0.0%8.5%1.5%20.9K-398.0K-2.0K1.25108.88N/AN/A45455499
2023-02-07$21.09$20.0014.9%3.4%11.8%10.5%11.9%6.5%1.2%4.9K-185.1K-1.7K1.40108.70N/AN/A57341504
2023-02-08$21.10$20.0011.4%3.3%11.9%6.5%0.0%36.4%1.1%1.9K-179.9K-1.6K0.00110.16N/AN/A00343511
2023-02-09$21.02$20.0010.9%3.1%11.8%6.0%40.3%-50.0%1.5%2.6K-184.1K-1.3K2.75102.15N/AN/A411343511
2023-02-10$20.96$21.0011.2%3.2%11.9%6.3%11.2%4.9%0.7%-2.4K-132.9K-1.8K1.50102.55N/AN/A23341503
2023-02-13$21.10$21.0011.4%3.3%12.0%6.5%0.0%40.2%0.3%18.4K-243.9K-9670.0099.58N/AN/A02340506
2023-02-14$21.13$21.009.7%2.8%11.4%4.6%10.5%19.6%2.7%-2.3K-159.6K-1.7K0.00102.01N/AN/A01337508
2023-02-15$21.16$21.008.9%2.5%11.4%3.7%0.0%18.7%5.4%-1.8K-211.7K-1.3K0.0097.23N/AN/A04337509
2023-02-16$21.12$21.009.6%2.8%11.3%4.6%0.0%41.9%63.3%-1.2K-210.3K-1.3K0.00110.22N/AN/A00341505
2023-02-17$21.09$21.0014.7%4.2%10.9%10.2%15.0%3.5%57.7%-6.0K-148.9K-1.6K19.4099.80N/AN/A597335492
2023-02-21$20.45$21.0021.0%6.0%15.5%17.4%15.3%10.4%-1.8%-16.8K51.9K-1.9K1.0889.98N/AN/A1213308544
2023-02-22$20.45$21.0017.2%4.9%15.4%13.1%13.8%16.4%2.2%-20.4K94.2K-1.8K3.6785.61N/AN/A311310555
2023-02-23$20.62$21.0013.4%3.8%15.7%8.7%0.0%-1.7%8.3%-21.6K28.2K-1.7K0.0087.39N/AN/A02313558
2023-02-24$20.44$21.0014.6%4.2%15.7%10.2%9.3%6.7%5.9%-24.9K67.5K-1.4K0.0088.39N/AN/A50313558
2023-02-27$20.56$21.0013.9%4.0%15.2%9.4%0.0%1.4%2.1%-21.7K41.4K-1.8K0.0080.15N/AN/A00313558
2023-02-28$20.59$21.0014.1%4.0%15.2%9.6%0.0%3.7%8.8%-17.9K-104.7K-4800.0084.41N/AN/A02313558