PFFA Options History — July 2023

In July 2023, PFFA traded between $19.34 and $19.84. ATM implied volatility averaged 12.0%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded above realized volatility by 2.1% (HV 20d: 10.0%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-07-03: Highest Volume — 93 contracts
  • 2023-07-05: Largest IV spike — 114.8% change
  • 2023-07-05: Highest IV Rank — 16.8%
  • 2023-07-05: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.67$19.34$19.84$19.63$19.84
Max Pain$19.24$19.00$20.00$19.00$20.00
ATM IV12.0%6.5%20.7%9.6%7.6%
Expected Move3.1%1.9%5.9%2.8%2.2%
HV 20d10.0%8.5%10.4%8.5%9.2%
HV 60d12.6%11.5%13.0%12.7%11.5%
IV Rank7.1%1.0%16.8%4.4%2.1%
IV Percentile23.6%0.8%67.1%10.3%2.0%
Term Structure0.3%-5.5%6.5%0.7%-0.7%
VWIV16.4%7.1%28.6%28.6%11.1%
Skew 25d8.6%0.3%107.2%107.2%5.0%
Skew 10d29.2%-0.7%151.3%151.3%2.8%
Call IV 25d8.6%6.0%23.4%23.4%6.3%
Put IV 25d17.2%8.3%130.7%130.7%11.3%
Bid-Ask Spread %111.3499.94116.73105.69107.77
Gamma HHI0.450.340.640.340.64
Net GEX63.7K25.8K88.6K25.8K84.8K
Net DEX-458.1K-512.9K-330.2K-470.5K-495.4K
Net VEX-1.2K-1.7K-643-1.7K-850
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.0010.000.0010.00
Total Volume24.51939311
Total OI829.25684901811753

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$19.63$19.009.6%2.8%8.5%4.4%0.0%107.2%0.7%25.8K-470.5K-1.7K0.00105.69N/AN/A930492319
2023-07-05$19.55$19.0020.7%5.9%8.7%16.8%28.6%2.0%-5.5%62.8K-505.5K-1.6K0.00107.57N/AN/A03580319
2023-07-06$19.34$0.0011.5%3.8%9.6%6.5%0.0%3.8%-0.7%64.0K-399.4K-1.4K0.00112.63N/AN/A01580320
2023-07-07$19.54$0.0018.7%3.3%10.2%14.6%0.0%3.4%6.5%85.3K-492.5K-1.4K0.00113.43N/AN/A870580321
2023-07-10$19.59$0.0020.2%4.2%10.2%16.3%11.6%4.9%-0.4%63.4K-476.8K-1.4K2.00115.75N/AN/A24553321
2023-07-11$19.63$19.0020.3%2.6%10.2%16.4%0.0%5.5%1.4%50.5K-477.6K-1.6K0.00113.54N/AN/A260552324
2023-07-12$19.73$19.008.6%2.5%10.2%3.2%0.0%1.6%0.4%58.5K-472.7K-1.2K0.00116.73N/AN/A50527324
2023-07-13$19.75$19.008.2%2.3%10.2%2.8%0.0%2.9%-1.0%60.1K-493.6K-1.3K0.10110.30N/AN/A515527324
2023-07-14$19.64$19.0013.3%3.8%10.4%8.6%0.0%5.7%4.4%75.2K-428.2K-1.0K0.00112.80N/AN/A011521330
2023-07-17$19.63$19.0014.4%4.1%10.4%9.8%0.0%5.5%-0.6%86.9K-418.1K-1.1K0.04114.95N/AN/A271521341
2023-07-18$19.76$19.009.9%2.8%10.4%4.7%0.0%1.3%-3.4%60.5K-511.9K-1.1K0.00115.66N/AN/A30539342
2023-07-19$19.84$19.0013.5%3.9%9.5%8.8%0.0%5.6%1.4%54.6K-512.9K-1.3K0.00113.57N/AN/A460539342
2023-07-20$19.66$19.008.6%2.5%10.3%3.2%0.0%2.4%4.4%53.5K-411.4K-1.1K0.00110.76N/AN/A10503342
2023-07-21$19.64$19.0012.8%3.7%10.2%7.9%0.0%3.0%3.5%34.6K-330.2K-1.3K0.00114.70N/AN/A100502342
2023-07-24$19.71$19.0011.2%3.2%10.2%6.2%7.1%3.9%0.1%62.2K-429.6K-7850.00115.38N/AN/A520400284
2023-07-25$19.69$19.009.5%2.7%10.0%4.2%11.4%1.5%0.0%80.9K-469.7K-9700.20111.07N/AN/A255472284
2023-07-26$19.79$20.008.6%2.5%10.1%3.3%0.0%2.5%0.9%88.6K-486.5K-6430.00106.27N/AN/A10467289
2023-07-27$19.72$20.006.5%1.9%10.3%1.0%28.5%0.3%-3.5%66.5K-449.7K-1.1K0.60108.37N/AN/A106468289
2023-07-28$19.73$20.007.4%2.1%10.3%2.0%0.0%3.9%-0.9%56.0K-429.2K-1.1K0.0099.94N/AN/A04458294
2023-07-31$19.84$20.007.6%2.2%9.2%2.1%11.1%5.0%-0.7%84.8K-495.4K-85010.00107.77N/AN/A110458295