PFFA Options History — February 2024

In February 2024, PFFA traded between $20.63 and $21.04. ATM implied volatility averaged 9.1%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded below realized volatility by 0.3% (HV 20d: 9.4%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.81.

Notable Days

  • 2024-02-02: Highest Volume — 38 contracts
  • 2024-02-13: Largest IV spike — 86.9% change
  • 2024-02-06: Highest IV Rank — 23.8%
  • 2024-02-13: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.82$20.63$21.04$21.00$20.93
Max Pain$20.55$20.00$21.00$20.00$21.00
ATM IV9.1%6.1%19.1%8.3%6.6%
Expected Move2.3%1.7%3.3%2.6%1.9%
HV 20d9.4%7.3%10.8%7.3%10.8%
HV 60d9.9%9.4%10.3%10.1%9.4%
IV Rank7.1%2.0%23.8%5.8%2.9%
IV Percentile22.1%1.2%82.1%15.1%4.0%
Term Structure6.7%-6.5%67.3%-2.2%5.1%
VWIV10.3%4.6%18.4%8.9%18.4%
Skew 25d26.1%-3.3%74.5%49.4%6.4%
Skew 10d34.9%-4.3%97.8%73.7%4.2%
Call IV 25d8.0%4.5%10.5%9.7%5.7%
Put IV 25d34.1%7.2%82.5%59.1%12.0%
Bid-Ask Spread %109.84103.56114.98112.04110.74
Gamma HHI0.810.570.990.930.86
Net GEX15.2K4.0K41.8K19.8K11.7K
Net DEX-111.8K-183.5K-45.9K-183.5K-115.0K
Net VEX-644-970-418-418-462
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.810.0020.0013.000.00
Total Volume7.95038143
Total OI317.5272339272314

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$21.00$20.008.3%2.6%7.3%5.8%8.9%49.4%-2.2%19.8K-183.5K-41813.00112.04N/AN/A113168104
2024-02-02$20.91$20.0012.9%2.4%7.4%13.4%0.0%56.0%-1.4%17.0K-149.5K-5150.23113.77N/AN/A317169117
2024-02-05$20.63$20.0018.2%2.6%8.9%22.2%0.0%1.1%-2.9%13.1K-87.7K-9700.00112.69N/AN/A01200124
2024-02-06$20.65$20.0019.1%2.6%8.6%23.8%0.0%1.1%0.8%19.4K-96.4K-8450.00114.98N/AN/A10200118
2024-02-07$20.69$20.008.0%2.3%8.6%5.3%10.5%1.7%0.8%16.9K-103.4K-86820.00114.76N/AN/A120200118
2024-02-08$20.70$20.009.2%2.6%8.6%7.3%0.0%-1.5%-3.3%15.6K-95.4K-8240.00114.21N/AN/A03200138
2024-02-09$20.85$20.006.2%1.8%9.0%2.2%0.0%66.4%-1.0%18.2K-154.6K-4730.00109.65N/AN/A00200135
2024-02-12$20.96$20.006.3%1.8%8.8%2.3%0.0%66.0%-0.1%41.8K-171.2K-4530.00111.02N/AN/A00200135
2024-02-13$20.70$20.0011.7%3.3%9.8%11.4%12.8%-3.3%-6.5%19.1K-79.6K-8270.00106.81N/AN/A04200135
2024-02-14$20.82$21.009.2%2.6%9.5%7.2%0.0%72.7%-3.2%23.4K-135.1K-4280.00108.34N/AN/A00200139
2024-02-15$20.93$21.007.0%2.0%9.5%3.5%0.0%71.0%64.0%20.6K-161.3K-4400.00110.72N/AN/A70200139
2024-02-16$20.87$21.007.4%2.1%9.5%4.3%7.5%74.5%67.3%17.2K-145.4K-5340.15111.41N/AN/A132200139
2024-02-20$20.84$21.006.5%1.9%9.4%2.8%4.6%43.4%6.4%12.5K-113.9K-4381.11105.55N/AN/A910163134
2024-02-21$20.71$21.007.4%2.1%9.7%4.2%0.0%7.1%7.6%4.0K-45.9K-9460.00109.18N/AN/A03162144
2024-02-22$20.80$21.007.0%2.0%9.8%3.7%0.0%0.6%0.8%6.0K-59.2K-7772.00104.65N/AN/A12162147
2024-02-23$21.04$21.007.3%2.1%10.2%4.2%0.0%2.4%-0.7%11.7K-136.4K-5490.00106.66N/AN/A30163149
2024-02-26$20.82$21.009.3%2.7%10.8%7.3%9.5%0.5%-2.3%6.9K-83.0K-6930.00103.56N/AN/A90164149
2024-02-27$20.77$21.008.3%2.4%10.7%5.7%18.4%0.9%-0.6%4.5K-56.2K-7150.00106.72N/AN/A60161149
2024-02-28$20.80$21.006.1%1.7%10.7%2.0%0.0%5.9%4.5%5.3K-63.1K-7100.00109.30N/AN/A90162149
2024-02-29$20.93$21.006.6%1.9%10.8%2.9%0.0%6.4%5.1%11.7K-115.0K-4620.00110.74N/AN/A30165149