PFFA Options History — February 2025

In February 2025, PFFA traded between $21.89 and $22.16. ATM implied volatility averaged 7.6%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 1.2% (HV 20d: 6.4%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.78.

Notable Days

  • 2025-02-25: Highest Volume — 88 contracts
  • 2025-02-12: Largest IV spike — 79.3% change
  • 2025-02-26: Highest IV Rank — 18.3%
  • 2025-02-07: Largest Expected Move — 2.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.04$21.89$22.16$21.99$22.11
Max Pain$22.21$22.00$24.00$24.00$22.00
ATM IV7.6%4.3%9.5%7.6%8.6%
Expected Move2.3%1.6%2.8%2.2%2.5%
HV 20d6.4%4.4%9.7%9.7%5.0%
HV 60d7.8%7.3%8.3%8.3%7.3%
IV Rank13.0%3.9%18.3%13.0%15.7%
IV Percentile41.2%3.2%67.9%40.5%56.3%
Term Structure3.4%-3.7%34.4%0.9%34.4%
VWIV9.1%6.2%24.4%6.2%8.6%
Skew 25d15.3%0.4%23.0%21.6%10.1%
Skew 10d25.0%0.9%37.7%32.3%18.2%
Call IV 25d7.8%6.7%9.1%9.1%8.1%
Put IV 25d23.0%8.7%31.2%30.7%18.2%
Bid-Ask Spread %108.6178.62134.65118.45134.65
Gamma HHI0.530.240.850.390.39
Net GEX-153.0K-517.9K59.0K-106.3K59.0K
Net DEX125.8K-183.6K331.0K206.1K-183.6K
Net VEX-2.2K-3.1K-1.1K-2.4K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.780.0011.5010.001.33
Total Volume31.211288667
Total OI1,224.7891,1241,3601,1271,250

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$21.99$24.007.6%2.2%9.7%13.0%6.2%21.6%0.9%-106.3K206.1K-2.4K10.00118.45N/AN/A660489638
2025-02-04$22.01$23.008.1%2.3%9.3%14.4%8.4%22.7%1.5%-98.3K250.2K-2.7K0.33125.08N/AN/A31494682
2025-02-05$22.12$23.008.6%2.5%9.5%15.8%0.0%18.2%0.4%-61.8K128.7K-2.8K0.00125.89N/AN/A450497682
2025-02-06$22.11$22.006.7%2.7%9.0%10.4%9.4%3.6%-3.7%-285.4K75.6K-2.8K11.50115.04N/AN/A223476682
2025-02-07$22.04$22.008.3%2.8%8.9%14.9%10.0%4.0%-2.8%-121.0K247.2K-3.1K2.50118.90N/AN/A25476705
2025-02-10$22.02$22.004.3%2.0%8.3%3.9%7.1%21.7%6.2%-400.2K262.0K-2.3K1.00115.95N/AN/A88478710
2025-02-11$22.05$22.004.7%1.6%7.2%4.8%0.0%20.6%7.4%-517.9K183.5K-1.9K0.14115.89N/AN/A71479717
2025-02-12$21.99$22.008.4%2.4%7.1%15.3%8.4%22.5%-2.3%-250.7K319.3K-2.1K1.08111.07N/AN/A3740484718
2025-02-13$22.03$22.007.0%2.0%4.4%11.4%7.0%23.0%-0.7%-274.8K292.1K-2.4K1.73114.15N/AN/A1119503758
2025-02-14$22.12$22.007.6%2.2%4.7%13.0%24.4%19.5%-0.7%-287.2K161.3K-2.3K0.08105.00N/AN/A121506777
2025-02-18$22.11$22.006.5%1.9%4.5%10.0%6.5%17.4%-2.0%-313.8K137.4K-1.7K0.75119.15N/AN/A1612518778
2025-02-19$22.16$22.007.0%2.0%4.5%11.3%7.8%16.2%0.8%22.1K-22.0K-1.1K0.33112.08N/AN/A31525790
2025-02-20$22.05$22.008.0%2.3%4.8%14.1%8.1%23.0%4.2%-228.1K225.2K-2.1K0.22106.05N/AN/A6314524791
2025-02-21$21.93$22.009.1%2.6%5.2%17.3%9.1%0.4%5.6%-161.7K331.0K-2.5K1.0796.55N/AN/A1516567793
2025-02-24$21.89$22.007.1%2.0%4.8%11.6%7.1%12.4%6.2%11.6K70.7K-2.2K0.4784.09N/AN/A3818562562
2025-02-25$21.99$22.008.8%2.5%4.9%16.4%8.8%11.3%-3.1%9.2K-19.6K-1.9K0.0082.44N/AN/A880585580
2025-02-26$22.04$22.009.5%2.7%5.0%18.3%0.0%11.1%5.9%43.0K-127.6K-2.1K1.2584.60N/AN/A45663580
2025-02-27$22.05$22.008.5%2.4%4.9%15.5%8.5%11.1%7.1%55.6K-147.4K-1.9K0.0078.62N/AN/A20667585
2025-02-28$22.11$22.008.6%2.5%5.0%15.7%8.6%10.1%34.4%59.0K-183.6K-2.0K1.33134.65N/AN/A34665585