PFFA Options History — January 2025

In January 2025, PFFA traded between $21.57 and $22.27. ATM implied volatility averaged 14.5%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 5.1% (HV 20d: 9.4%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 11.33.

Notable Days

  • 2025-01-13: Highest Volume — 104 contracts
  • 2025-01-15: Largest IV drop — 78.1% change
  • 2025-01-07: Highest IV Rank — 100.0%
  • 2025-01-03: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.06$21.57$22.27$22.07$22.09
Max Pain$22.60$22.00$24.00$22.00$24.00
ATM IV14.5%6.9%38.7%11.8%8.7%
Expected Move3.0%2.0%5.3%3.4%2.5%
HV 20d9.4%6.8%11.1%6.8%10.0%
HV 60d8.4%7.9%9.0%7.9%8.4%
IV Rank42.9%10.9%100.0%41.4%16.1%
IV Percentile67.3%24.6%100.0%78.2%56.0%
Term Structure-0.5%-9.8%4.4%2.5%1.5%
VWIV13.9%7.1%42.0%36.3%8.8%
Skew 25d7.9%-1.5%21.4%-0.4%16.5%
Skew 10d18.0%-0.1%35.7%1.4%29.9%
Call IV 25d8.0%5.8%10.7%10.5%7.9%
Put IV 25d15.9%8.1%27.3%10.1%24.4%
Bid-Ask Spread %126.74116.80137.12131.35120.00
Gamma HHI0.330.290.420.310.30
Net GEX-23.8K-58.8K8.5K-16.0K-37.2K
Net DEX29.8K-82.5K246.9K91.2K91.0K
Net VEX-2.4K-2.9K-1.7K-2.1K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.330.00103.008.002.50
Total Volume38.85111043656
Total OI955.758101,0768101,076

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$22.07$22.0011.8%3.4%6.8%41.4%36.3%-0.4%2.5%-16.0K91.2K-2.1K8.00131.35N/AN/A432386424
2025-01-03$22.25$22.0018.4%5.3%7.5%72.2%25.4%-0.4%-9.8%-6.3K-2.6K-2.0K0.21130.56N/AN/A6814388426
2025-01-06$22.27$22.0020.6%3.3%7.3%82.3%0.0%2.1%-6.6%-263-82.5K-2.0K0.13130.06N/AN/A233448439
2025-01-07$22.09$22.0024.7%3.7%7.7%100.0%16.7%-1.5%-6.7%-20.6K-46.0K-2.4K0.00123.84N/AN/A110463441
2025-01-08$21.99$22.0020.9%4.1%7.7%82.6%9.4%3.0%-8.0%-33.4K-7.9K-2.4K26.00127.63N/AN/A126474441
2025-01-10$21.80$22.0024.6%2.7%8.1%99.4%10.2%1.7%2.5%-25.5K112.2K-2.4K0.33126.52N/AN/A3311475460
2025-01-13$21.57$22.0031.2%4.3%8.7%100.0%19.3%2.3%-3.3%-25.3K246.9K-2.5K103.00130.73N/AN/A1103503471
2025-01-14$21.70$22.0038.7%4.3%9.1%100.0%13.7%5.1%-3.1%-21.6K190.5K-2.4K0.00133.20N/AN/A019504469
2025-01-15$22.04$22.008.5%2.4%11.0%15.4%42.0%4.7%3.0%-19.9K82.7K-1.7K4.20134.12N/AN/A521504487
2025-01-16$22.05$22.0010.9%3.1%11.0%22.1%11.1%2.3%-0.5%-37.8K58.4K-2.2K0.00137.12N/AN/A120509508
2025-01-17$22.13$22.007.5%2.2%11.1%12.8%7.1%21.4%3.0%-10.8K-54.9K-2.0K0.59126.69N/AN/A3219512510
2025-01-21$22.13$22.009.4%2.7%10.4%18.1%7.7%11.7%-3.1%8.5K-67.7K-2.1K4.15116.80N/AN/A1354483386
2025-01-22$22.09$22.007.6%2.2%10.1%13.1%7.9%14.5%2.9%-4.9K-47.9K-2.4K26.50123.48N/AN/A253485418
2025-01-23$22.05$24.007.3%2.1%10.2%12.1%7.2%15.7%3.3%-29.1K31.7K-2.5K15.00128.51N/AN/A115487472
2025-01-24$22.16$23.006.9%2.0%10.3%10.9%7.4%12.3%4.4%-30.4K-12.2K-2.3K0.38125.28N/AN/A135488481
2025-01-27$22.24$23.008.1%2.3%10.3%14.5%8.9%10.5%3.5%-16.8K-66.9K-2.4K0.00121.23N/AN/A065483486
2025-01-28$22.20$24.008.1%2.3%10.3%14.2%8.9%7.8%1.8%-42.7K-24.2K-2.7K1.88120.78N/AN/A815483548
2025-01-29$22.12$24.008.5%2.4%10.1%15.4%8.2%14.9%1.8%-46.5K48.4K-2.8K4.33120.36N/AN/A313477563
2025-01-30$22.13$24.008.1%2.3%10.0%14.4%7.4%13.1%1.5%-58.8K56.4K-2.7K6.67126.52N/AN/A320480577
2025-01-31$22.09$24.008.7%2.5%10.0%16.1%8.8%16.5%1.5%-37.2K91.0K-2.9K2.50120.00N/AN/A1640479597