PFFA Options History — March 2024

In March 2024, PFFA traded between $20.88 and $21.16. ATM implied volatility averaged 6.7%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 2.1%. IV traded below realized volatility by 1.1% (HV 20d: 7.8%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.89.

Notable Days

  • 2024-03-11: Highest Volume — 28 contracts
  • 2024-03-12: Largest IV spike — 69.9% change
  • 2024-03-14: Highest IV Rank — 9.0%
  • 2024-03-14: Largest Expected Move — 2.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.04$20.88$21.16$20.94$21.12
Max Pain$21.00$21.00$21.00$21.00$21.00
ATM IV6.7%4.4%9.8%8.7%7.8%
Expected Move2.1%1.3%2.8%2.5%2.2%
HV 20d7.8%4.5%10.7%10.7%4.5%
HV 60d8.5%7.8%9.5%9.4%7.8%
IV Rank3.7%0.0%9.0%6.5%5.6%
IV Percentile10.5%0.0%39.3%24.6%20.2%
Term Structure3.3%-0.1%11.4%-0.1%-0.1%
VWIV10.8%5.8%28.9%9.4%7.7%
Skew 25d25.2%-0.2%52.4%52.4%2.6%
Skew 10d40.5%5.2%76.2%71.2%5.9%
Call IV 25d6.9%4.3%10.0%10.0%7.4%
Put IV 25d32.1%5.8%62.4%62.4%10.0%
Bid-Ask Spread %118.71108.97124.88108.97117.01
Gamma HHI0.720.480.930.820.51
Net GEX12.2K1.7K26.2K12.5K4.9K
Net DEX-101.6K-218.3K-21.4K-98.7K-46.2K
Net VEX-640-834-485-787-616
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.008.330.000.71
Total Volume11.35028212
Total OI301.8218366335245

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$20.94$21.008.7%2.5%10.7%6.5%9.4%52.4%-0.1%12.5K-98.7K-7870.00108.97N/AN/A20186149
2024-03-04$20.88$21.007.6%2.8%10.6%4.6%0.0%4.6%1.7%13.7K-102.2K-7570.71124.88N/AN/A75187149
2024-03-05$20.92$21.007.1%2.7%9.4%3.8%7.6%4.8%2.1%20.1K-121.6K-7260.11123.08N/AN/A91194149
2024-03-06$20.96$21.006.6%2.5%9.4%3.0%0.0%47.2%4.0%9.8K-125.7K-8340.00124.25N/AN/A30203150
2024-03-07$21.09$21.005.7%2.1%9.6%1.3%0.0%36.0%5.1%26.2K-208.1K-6220.33124.48N/AN/A31201150
2024-03-08$21.16$21.006.8%2.3%9.6%3.3%5.8%9.5%3.2%20.0K-207.4K-5931.50124.27N/AN/A812189151
2024-03-11$21.13$21.004.4%2.0%9.4%0.0%7.8%38.0%3.8%23.3K-218.3K-5628.33119.85N/AN/A325189161
2024-03-12$21.11$21.007.5%2.3%9.2%5.1%0.0%42.2%2.1%20.0K-176.3K-5960.00121.80N/AN/A80187178
2024-03-13$21.09$21.007.2%2.1%7.9%4.7%8.0%43.4%2.9%10.0K-139.1K-6070.44122.98N/AN/A94179178
2024-03-14$21.06$21.009.8%2.8%7.7%9.0%9.8%45.7%3.5%11.6K-96.9K-7570.17118.30N/AN/A61178182
2024-03-15$20.98$21.007.0%2.0%7.7%4.4%0.0%50.7%1.9%22.0K-71.2K-4850.17120.28N/AN/A122183183
2024-03-18$20.95$21.007.8%2.2%7.6%5.7%7.8%28.2%6.1%5.9K-75.6K-5750.05113.95N/AN/A211136114
2024-03-19$20.98$21.005.0%1.4%7.6%1.0%0.0%30.6%11.4%9.4K-110.3K-5350.00116.66N/AN/A250149115
2024-03-20$21.03$21.006.3%1.8%7.2%3.1%0.0%26.4%3.9%5.1K-24.0K-5291.20112.51N/AN/A1012102116
2024-03-21$21.14$21.004.4%1.3%7.3%0.0%0.0%-0.2%2.5%3.9K-60.4K-6380.46115.65N/AN/A136112125
2024-03-22$21.11$21.004.8%1.4%6.1%0.7%0.0%4.9%5.0%5.5K-55.2K-6850.00117.54N/AN/A00115125
2024-03-25$21.02$21.006.0%1.7%4.9%2.6%28.9%5.2%4.3%13.5K-30.1K-5420.00118.08N/AN/A02115125
2024-03-26$21.03$21.006.2%1.8%4.8%3.0%0.0%28.7%1.3%1.7K-21.4K-6870.00114.41N/AN/A02115127
2024-03-27$21.11$21.008.1%2.3%5.0%6.1%15.0%3.0%0.9%5.0K-42.5K-6700.00115.36N/AN/A02115129
2024-03-28$21.12$21.007.8%2.2%4.5%5.6%7.7%2.6%-0.1%4.9K-46.2K-6160.71117.01N/AN/A75115130