PFFA Options History — April 2023

In April 2023, PFFA traded between $18.65 and $19.37. ATM implied volatility averaged 20.4%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 2.2% (HV 20d: 18.2%). Max pain ranged from $18.00 to $21.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-04-03: Highest Volume — 55 contracts
  • 2023-04-13: Largest IV spike — 119.4% change
  • 2023-04-13: Highest IV Rank — 48.2%
  • 2023-04-13: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.13$18.65$19.37$19.33$19.03
Max Pain$18.95$18.00$21.00$20.00$19.00
ATM IV20.4%11.9%48.5%17.0%17.5%
Expected Move5.9%3.4%13.9%4.9%5.0%
HV 20d18.2%11.5%28.5%28.5%11.9%
HV 60d19.3%19.0%20.0%20.0%19.1%
IV Rank16.7%7.1%48.2%12.9%13.4%
IV Percentile59.0%23.0%98.0%51.6%52.0%
Term Structure-2.1%-8.9%11.3%0.3%-0.2%
VWIV32.7%13.2%139.1%30.8%139.1%
Skew 25d4.0%-10.9%29.0%9.7%5.6%
Skew 10d12.4%-6.2%51.9%4.3%3.3%
Call IV 25d16.2%9.3%26.9%9.3%10.5%
Put IV 25d20.2%10.0%55.9%19.0%16.2%
Bid-Ask Spread %111.8498.62136.19103.46105.75
Gamma HHI0.370.340.420.390.36
Net GEX2.8K-5.5K9.2K-1.9K4.9K
Net DEX-91.4K-163.3K11.6K-126.3K-85.7K
Net VEX-3.0K-3.3K-2.6K-3.3K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.002.500.000.00
Total Volume10.2110555514
Total OI859.263791894874826

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$19.33$20.0017.0%4.9%28.5%12.9%0.0%9.7%0.3%-1.9K-126.3K-3.3K0.00103.46N/AN/A550440434
2023-04-04$19.28$21.0018.9%5.4%28.4%15.0%30.8%5.3%-0.2%1.8K-100.0K-3.2K0.67100.04N/AN/A32429434
2023-04-05$19.25$20.0019.4%5.6%28.4%15.5%16.0%16.0%-0.9%3.5K-99.8K-3.1K0.00105.99N/AN/A140433434
2023-04-06$19.34$18.0020.3%5.2%27.2%16.5%0.0%9.4%5.8%6.6K-123.7K-3.2K0.00121.29N/AN/A00442434
2023-04-10$19.27$18.0021.4%7.4%23.2%17.8%0.0%2.1%4.4%5.6K-135.2K-3.1K0.50120.93N/AN/A42442434
2023-04-11$19.37$18.0021.1%6.6%22.0%17.5%0.0%8.8%-1.1%6.4K-163.3K-3.0K0.00116.54N/AN/A010440434
2023-04-12$19.27$18.0022.1%6.3%21.7%18.6%0.0%2.8%-1.2%5.5K-131.1K-3.1K0.00118.01N/AN/A01440434
2023-04-13$19.34$18.0048.5%13.9%20.6%48.2%0.0%29.0%-6.6%7.4K-159.1K-3.0K0.00136.19N/AN/A02440435
2023-04-14$19.23$18.0023.3%6.7%19.3%19.9%22.8%8.5%-4.8%-1.2K-90.5K-2.9K0.00118.42N/AN/A110435435
2023-04-17$19.25$18.0016.6%4.7%16.4%12.3%0.0%5.9%-5.1%2.4K-110.3K-2.9K0.00115.43N/AN/A70444435
2023-04-18$19.26$18.0020.0%5.7%13.0%16.1%16.1%-2.8%-5.6%9.2K-106.7K-2.9K0.80118.06N/AN/A54445436
2023-04-19$19.23$19.0016.7%4.8%12.6%12.5%33.8%-1.3%-2.4%7.4K-116.7K-2.6K0.00116.00N/AN/A09448440
2023-04-20$19.02$20.0016.8%4.8%13.5%12.5%0.0%-6.2%-3.6%1.0K-49.8K-2.7K1.00108.78N/AN/A11447447
2023-04-21$18.98$19.0016.8%4.8%11.5%12.6%16.8%-8.0%-5.4%-5.5K-48.5K-2.9K0.00110.96N/AN/A09447440
2023-04-24$18.94$20.0018.8%5.4%11.6%14.8%17.0%5.6%-7.2%3.2K-75.3K-2.9K0.3398.62N/AN/A31441350
2023-04-25$18.66$20.0011.9%3.4%12.5%7.1%13.2%-1.2%11.3%-3.5K11.6K-2.8K0.33103.66N/AN/A186444351
2023-04-26$18.65$19.0019.0%5.4%12.4%15.0%21.9%-10.9%-8.9%-9528.7K-2.8K2.50104.51N/AN/A25458357
2023-04-27$18.82$19.0022.4%6.4%11.7%18.9%0.0%-2.7%-8.8%1.6K-34.6K-3.0K0.00102.28N/AN/A50460361
2023-04-28$19.03$19.0017.5%5.0%11.9%13.4%139.1%5.6%-0.2%4.9K-85.7K-2.8K0.00105.75N/AN/A140465361