PFFA Options History — September 2023

In September 2023, PFFA traded between $18.96 and $19.89. ATM implied volatility averaged 12.4%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded above realized volatility by 2.7% (HV 20d: 9.7%). 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 9 of 20 days. Put/call ratio averaged 1.93.

Notable Days

  • 2023-09-18: Highest Volume — 223 contracts
  • 2023-09-28: Largest IV spike — 183.0% change
  • 2023-09-29: Highest IV Rank — 17.6%
  • 2023-09-29: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.51$18.96$19.89$19.89$19.31
Max Pain$19.95$19.00$20.00$19.00$20.00
ATM IV12.4%5.6%21.3%9.0%21.3%
Expected Move3.1%1.3%6.1%2.6%6.1%
HV 20d9.7%8.2%10.6%9.3%10.3%
HV 60d9.2%9.0%9.8%9.0%9.3%
IV Rank7.6%0.0%17.6%3.7%17.6%
IV Percentile33.4%0.0%82.1%10.3%82.1%
Term Structure-5.2%-22.3%7.5%-2.3%-22.3%
VWIV10.4%4.6%20.7%9.4%12.5%
Skew 25d12.0%-2.9%62.1%1.4%1.9%
Skew 10d35.9%-13.0%82.0%2.2%39.9%
Call IV 25d10.6%6.9%18.8%10.0%14.6%
Put IV 25d22.7%5.9%71.7%11.4%16.5%
Bid-Ask Spread %116.03106.85123.90106.85114.62
Gamma HHI0.690.410.920.920.69
Net GEX39.3K9.4K103.2K103.2K16.3K
Net DEX-160.6K-550.4K-20.4K-550.4K-49.8K
Net VEX-531-880-150-519-703
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.0014.000.103.00
Total Volume19.350223234
Total OI536.95177820820382

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$19.89$19.009.0%2.6%9.3%3.7%9.4%1.4%-2.3%103.2K-550.4K-5190.10106.85N/AN/A212460360
2023-09-05$19.73$20.0010.3%1.5%9.7%5.1%5.8%-1.6%0.8%67.4K-281.1K-5360.00123.90N/AN/A50363360
2023-09-06$19.66$20.0011.1%1.3%9.8%6.0%0.0%3.1%0.9%69.7K-235.3K-4590.00121.35N/AN/A00365360
2023-09-07$19.64$20.008.7%1.9%9.8%3.4%0.0%13.1%0.8%64.0K-182.1K-5020.00118.80N/AN/A03365360
2023-09-08$19.66$20.0012.4%1.3%9.8%7.5%0.0%56.9%3.2%65.0K-206.8K-5870.00118.88N/AN/A04365363
2023-09-11$19.63$20.0010.0%2.7%9.8%4.8%12.1%-0.1%0.8%50.5K-131.9K-4600.00120.35N/AN/A015365366
2023-09-12$19.63$20.0017.8%2.9%9.8%13.6%0.0%-0.1%1.0%56.1K-151.9K-3480.00120.18N/AN/A03365360
2023-09-13$19.59$20.007.5%2.2%9.5%2.0%0.0%10.9%0.3%29.1K-116.2K-3610.00118.30N/AN/A00365361
2023-09-14$19.73$20.005.6%1.6%9.9%0.0%0.0%62.1%7.5%69.2K-264.7K-2440.80118.07N/AN/A54365358
2023-09-15$19.68$20.007.1%2.0%9.7%1.7%0.0%-0.2%6.7%9.4K-104.2K-3390.80118.44N/AN/A54360358
2023-09-18$19.77$20.009.2%2.6%9.8%4.0%7.0%34.8%-2.2%9.7K-119.2K-1500.19115.52N/AN/A1883510671
2023-09-19$19.77$20.0011.0%3.2%8.4%6.1%0.0%2.7%-2.3%37.9K-238.6K-7570.00116.86N/AN/A5029466
2023-09-20$19.63$20.0013.3%3.8%8.2%8.6%20.7%3.2%-1.1%30.6K-220.8K-8800.00113.49N/AN/A0129866
2023-09-21$19.29$20.0016.7%4.8%9.8%12.4%16.9%0.9%-19.5%28.4K-131.3K-8190.00112.25N/AN/A0829865
2023-09-22$19.31$20.0017.3%5.0%9.9%13.1%0.0%-2.9%-16.6%25.6K-104.5K-6900.00113.37N/AN/A14029865
2023-09-25$19.16$20.0017.3%5.0%10.2%13.1%0.0%2.5%-19.8%14.8K-52.2K-6080.43113.90N/AN/A7328465
2023-09-26$19.05$20.0015.0%4.3%10.3%10.5%5.1%16.7%-17.4%12.0K-26.6K-5790.00112.68N/AN/A0427766
2023-09-27$18.96$20.007.0%2.0%9.7%1.6%4.6%24.6%-1.9%10.5K-20.4K-56314.00110.14N/AN/A11427768
2023-09-28$19.19$20.0019.9%5.7%10.6%16.0%10.3%10.8%-20.4%16.1K-24.1K-5153.00112.62N/AN/A82427871
2023-09-29$19.31$20.0021.3%6.1%10.3%17.6%12.5%1.9%-22.3%16.3K-49.8K-7030.00114.62N/AN/A0428894