PFFA Options History — May 2024

In May 2024, PFFA traded between $20.58 and $21.16. ATM implied volatility averaged 7.8%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded below realized volatility by 2.0% (HV 20d: 9.8%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.98.

Notable Days

  • 2024-05-31: Highest Volume — 25 contracts
  • 2024-05-17: Largest IV drop — 44.6% change
  • 2024-05-30: Highest IV Rank — 8.7%
  • 2024-05-30: Largest Expected Move — 2.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.88$20.58$21.16$20.58$21.05
Max Pain$21.00$21.00$21.00$21.00$21.00
ATM IV7.8%4.9%9.6%7.2%7.8%
Expected Move2.3%1.4%2.8%2.1%2.2%
HV 20d9.8%7.1%12.1%11.6%9.9%
HV 60d9.0%8.6%9.4%9.1%9.4%
IV Rank5.6%0.9%8.7%4.7%5.7%
IV Percentile27.5%2.0%56.3%16.7%29.0%
Term Structure3.2%-3.7%61.0%-0.1%0.9%
VWIV9.8%5.1%29.2%10.7%7.8%
Skew 25d31.9%-1.9%87.5%17.9%74.7%
Skew 10d51.6%-1.3%121.6%6.8%121.6%
Call IV 25d7.9%3.9%16.3%16.3%8.1%
Put IV 25d39.8%5.8%97.3%34.2%82.8%
Bid-Ask Spread %104.1597.17110.2898.0199.69
Gamma HHI0.540.370.860.380.63
Net GEX15.0K-7.2K72.3K-7.2K31.2K
Net DEX45.3K-97.9K112.0K100.2K5.9K
Net VEX-831-993-627-881-792
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.980.0011.500.0011.50
Total Volume8.727025325
Total OI368.545336393348378

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$20.58$21.007.2%2.1%11.6%4.7%0.0%17.9%-0.1%-7.2K100.2K-8810.0098.01N/AN/A30155193
2024-05-02$20.71$21.007.4%2.1%11.9%5.0%10.7%4.9%0.2%3.1K63.7K-9712.0097.17N/AN/A12158193
2024-05-03$20.75$21.007.0%2.0%11.9%4.4%5.7%5.5%0.2%2.6K60.8K-8430.00104.64N/AN/A50159194
2024-05-06$20.86$21.006.6%1.9%12.1%3.7%29.2%69.0%3.2%20.5K36.1K-7003.25108.74N/AN/A413161194
2024-05-07$20.83$21.006.8%2.6%12.1%4.0%9.3%64.0%-3.1%13.5K61.5K-7880.00109.36N/AN/A20162206
2024-05-08$20.66$21.009.1%2.5%11.7%7.8%0.0%-0.4%-2.2%-1.8K98.4K-6680.00110.28N/AN/A010164206
2024-05-09$20.81$21.007.5%2.5%11.9%5.1%0.0%7.1%0.1%4.7K62.9K-9250.00109.76N/AN/A01164216
2024-05-10$20.80$21.007.9%2.4%11.9%5.9%0.0%3.8%-0.9%5.8K94.7K-9020.00109.16N/AN/A00164217
2024-05-13$20.88$21.008.1%2.4%7.8%6.2%0.0%7.2%0.1%6.7K52.0K-9071.33109.37N/AN/A34164217
2024-05-14$20.90$21.009.5%2.7%7.6%8.5%0.0%66.4%-3.7%13.6K56.4K-7730.00109.94N/AN/A01167221
2024-05-15$21.12$21.006.2%1.8%7.4%3.0%5.1%6.8%0.8%11.7K2.7K-9441.00106.16N/AN/A99167222
2024-05-16$21.11$21.008.9%2.6%7.2%7.5%9.0%53.5%61.0%22.5K-32.6K-7880.77104.90N/AN/A1310170223
2024-05-17$21.16$21.004.9%1.4%7.1%0.9%13.2%-1.4%10.1%72.3K-97.9K-6270.00107.29N/AN/A013171222
2024-05-20$20.99$21.007.1%2.0%7.9%4.5%7.7%1.9%1.7%16.8K11.0K-9930.83103.55N/AN/A65147189
2024-05-21$20.95$21.006.9%2.0%7.9%4.1%6.9%71.3%0.1%20.9K44.8K-8770.0097.99N/AN/A130149194
2024-05-22$20.91$21.006.7%1.9%7.9%3.8%6.7%-0.1%0.7%23.7K38.1K-8621.6799.56N/AN/A35162194
2024-05-23$20.63$21.009.5%2.7%9.4%8.5%9.6%-1.9%-1.0%4.1K112.0K-7630.3098.53N/AN/A103165196
2024-05-24$20.81$21.007.6%2.2%9.7%5.2%7.6%85.2%-0.2%18.2K84.0K-7081.50102.24N/AN/A23165200
2024-05-28$20.98$21.009.2%2.6%9.9%7.9%9.3%79.2%6.0%24.4K34.9K-8385.50102.47N/AN/A211165200
2024-05-29$20.86$21.009.6%2.7%10.2%8.6%0.0%87.5%-1.3%16.8K66.7K-8140.00102.96N/AN/A00167210
2024-05-30$20.93$21.009.6%2.8%10.0%8.7%0.0%-0.2%-1.0%6.3K41.3K-9180.0099.62N/AN/A01167210
2024-05-31$21.05$21.007.8%2.2%9.9%5.7%7.8%74.7%0.9%31.2K5.9K-79211.5099.69N/AN/A223167211