PFFA Options History — January 2024

In January 2024, PFFA traded between $20.56 and $20.96. ATM implied volatility averaged 11.9%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 3.5% (HV 20d: 8.4%). Max pain ranged from $19.00 to $21.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2024-01-29: Highest Volume — 42 contracts
  • 2024-01-05: Largest IV spike — 101.6% change
  • 2024-01-05: Highest IV Rank — 18.9%
  • 2024-01-03: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.74$20.56$20.96$20.68$20.89
Max Pain$20.33$19.00$21.00$20.00$21.00
ATM IV11.9%6.5%21.9%9.7%10.3%
Expected Move3.3%1.8%5.1%2.8%3.0%
HV 20d8.4%6.7%10.2%9.9%7.2%
HV 60d12.2%10.6%12.7%12.7%10.6%
IV Rank8.3%1.8%18.9%5.4%9.1%
IV Percentile41.2%1.6%87.7%29.4%34.1%
Term Structure2.7%-3.8%10.1%-1.6%0.4%
VWIV11.4%4.7%29.2%11.3%9.2%
Skew 25d18.2%-3.4%69.3%-3.4%5.4%
Skew 10d32.6%-3.3%91.8%-3.3%4.7%
Call IV 25d7.9%6.1%11.3%11.3%8.3%
Put IV 25d26.1%6.7%76.2%7.9%13.7%
Bid-Ask Spread %119.70109.72125.37115.69119.10
Gamma HHI0.550.470.720.710.72
Net GEX27.0K14.0K48.6K23.2K18.1K
Net DEX-221.3K-385.3K-108.3K-280.8K-136.3K
Net VEX-678-950-471-892-617
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.002.600.032.00
Total Volume9.476042310
Total OI300.476206389322272

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$20.68$20.009.7%2.8%9.9%5.4%11.3%-3.4%-1.6%23.2K-280.8K-8920.03115.69N/AN/A30122399
2024-01-03$20.63$20.0017.9%5.1%10.0%14.5%0.0%5.9%2.9%31.2K-280.4K-9190.00109.72N/AN/A01253100
2024-01-04$20.57$21.0010.8%4.5%10.1%6.7%0.0%12.3%4.5%29.5K-275.0K-8840.00124.92N/AN/A30253101
2024-01-05$20.63$21.0021.9%4.0%10.1%18.9%0.0%12.4%4.8%28.1K-285.3K-9500.00124.17N/AN/A250256101
2024-01-08$20.76$21.0021.2%4.0%10.2%18.2%6.7%69.3%9.5%34.6K-330.1K-9220.15123.71N/AN/A132281101
2024-01-09$20.81$19.0011.4%3.2%10.2%7.3%0.0%68.4%10.1%46.6K-367.7K-8010.00124.10N/AN/A30285103
2024-01-10$20.86$19.0011.8%3.4%9.8%7.8%0.0%66.2%9.6%48.6K-385.3K-7890.00122.03N/AN/A00286103
2024-01-11$20.82$19.0013.1%3.8%9.9%9.2%0.0%2.9%3.3%31.5K-250.9K-5090.00124.30N/AN/A60205103
2024-01-12$20.96$19.0011.6%3.3%8.8%7.5%4.7%5.8%9.6%33.5K-256.1K-4720.50125.37N/AN/A21196103
2024-01-16$20.87$19.006.5%1.8%7.1%1.8%0.0%67.3%8.2%39.0K-246.8K-4710.20122.34N/AN/A51211104
2024-01-17$20.69$19.0012.1%3.5%7.7%8.1%7.5%1.5%8.3%26.0K-204.1K-6190.60122.45N/AN/A53216107
2024-01-18$20.59$21.0012.1%3.5%8.0%8.1%0.0%-0.0%-1.5%27.7K-189.8K-5570.17123.40N/AN/A183215109
2024-01-19$20.66$21.0012.5%3.6%7.9%8.5%0.0%0.1%-3.8%20.9K-161.7K-5540.00120.98N/AN/A00215111
2024-01-22$20.57$21.0012.0%3.4%6.9%8.0%29.2%3.3%-1.6%15.2K-136.8K-6992.60114.73N/AN/A51315749
2024-01-23$20.58$21.008.0%2.3%6.8%3.6%0.0%-1.1%-2.7%14.0K-110.2K-6930.00115.22N/AN/A2016061
2024-01-24$20.56$21.008.1%2.3%6.7%3.6%0.0%1.9%-2.9%14.3K-108.3K-6740.00115.26N/AN/A0016061
2024-01-25$20.73$21.007.0%2.0%7.2%2.3%0.0%2.5%-2.3%18.8K-146.3K-6470.00114.91N/AN/A01016061
2024-01-26$20.83$21.0010.5%3.0%7.3%6.3%0.0%5.4%-2.0%22.9K-175.1K-4860.00116.87N/AN/A0016071
2024-01-29$20.93$21.008.5%2.4%7.4%5.5%9.2%45.0%0.4%24.1K-166.4K-5182.00116.97N/AN/A142816071
2024-01-30$20.96$21.0013.7%3.9%7.1%14.7%0.0%11.2%3.4%19.7K-154.1K-5750.00117.51N/AN/A0516899
2024-01-31$20.89$21.0010.3%3.0%7.2%9.1%0.0%5.4%0.4%18.1K-136.3K-6170.00119.10N/AN/A00168104