PFFA Options History — March 2025

In March 2025, PFFA traded between $21.23 and $22.03. ATM implied volatility averaged 8.8%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 3.5% (HV 20d: 5.4%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 2.78.

Notable Days

  • 2025-03-24: Highest Volume — 280 contracts
  • 2025-03-27: Largest IV spike — 97.2% change
  • 2025-03-27: Highest IV Rank — 35.9%
  • 2025-03-20: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.67$21.23$22.03$22.03$21.23
Max Pain$21.74$21.00$22.00$22.00$21.00
ATM IV8.8%5.2%15.8%9.5%15.3%
Expected Move3.0%1.8%4.1%2.7%2.3%
HV 20d5.4%4.9%5.7%5.1%5.2%
HV 60d7.3%7.2%7.5%7.3%7.2%
IV Rank16.4%6.2%35.9%18.3%34.6%
IV Percentile45.5%8.3%91.3%67.5%90.1%
Term Structure0.2%-16.5%8.7%7.0%-16.5%
VWIV13.4%5.0%61.2%9.5%7.3%
Skew 25d6.0%-4.3%31.9%12.6%-2.7%
Skew 10d14.4%0.3%42.0%20.0%7.3%
Call IV 25d8.7%3.6%31.8%9.1%11.6%
Put IV 25d14.7%6.5%39.4%21.7%8.9%
Bid-Ask Spread %103.9476.87139.1280.07126.50
Gamma HHI0.310.240.380.380.24
Net GEX14.4K-18.8K57.1K57.1K35.2K
Net DEX69.7K-155.0K393.8K-123.4K-78.2K
Net VEX-2.3K-3.8K-1.5K-2.3K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.780.0022.003.502.50
Total Volume52.95232801814
Total OI1,312.5718721,5111,2521,345

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$22.03$22.009.5%2.7%5.1%18.3%9.5%12.6%7.0%57.1K-123.4K-2.3K3.5080.07N/AN/A414665587
2025-03-04$21.93$22.009.8%2.8%5.1%19.2%9.8%14.2%6.0%34.9K2.5K-2.2K5.5077.96N/AN/A211669600
2025-03-05$21.91$22.009.3%2.7%5.1%17.7%9.3%-1.4%-7.6%46.1K-2.9K-2.3K0.0077.58N/AN/A03669594
2025-03-06$21.82$22.0012.2%3.5%4.9%25.7%11.8%-3.0%-6.6%8.0K81.2K-2.0K11.0077.82N/AN/A111669597
2025-03-07$21.84$22.009.5%2.7%4.9%18.4%9.3%-2.7%-6.8%27.9K95.6K-2.1K0.1978.57N/AN/A326669607
2025-03-10$21.67$22.0014.0%4.0%5.5%31.0%13.3%2.2%3.1%-9.1K177.7K-2.4K0.3376.87N/AN/A4515692606
2025-03-11$21.66$22.009.1%3.1%5.5%17.1%9.4%1.5%2.2%17.2K253.8K-2.4K0.0081.53N/AN/A260727616
2025-03-12$21.73$22.007.1%1.8%5.6%11.6%6.0%1.9%2.7%1.2K320.7K-2.0K22.0077.39N/AN/A122734616
2025-03-13$21.71$22.006.4%2.9%5.6%9.5%0.0%1.5%2.1%10.1K277.0K-2.0K0.0078.33N/AN/A130733636
2025-03-14$21.66$22.005.6%2.6%5.5%7.4%61.2%3.5%3.3%-8.6K120.3K-2.6K0.0186.08N/AN/A1131740636
2025-03-17$21.77$22.005.8%3.3%5.6%8.0%0.0%31.9%2.5%6.6K61.6K-1.6K0.11120.53N/AN/A182852637
2025-03-18$21.74$22.006.4%3.3%5.6%9.6%16.0%31.4%1.4%-6.1K72.2K-1.8K1.50119.52N/AN/A23870638
2025-03-19$21.77$22.005.4%3.3%5.6%6.9%15.2%30.7%2.6%7.5K10.8K-1.8K0.10119.53N/AN/A202870641
2025-03-20$21.64$0.006.2%4.1%5.7%9.0%0.0%2.1%8.7%-11.7K185.1K-2.2K0.00139.12N/AN/A023788642
2025-03-21$21.61$0.006.2%3.2%5.4%8.9%7.0%2.4%2.3%-18.8K393.8K-1.5K0.12138.26N/AN/A16720788648
2025-03-24$21.66$22.005.4%2.6%5.5%6.9%18.0%5.3%2.0%21.7K-21.1K-2.0K2.73135.61N/AN/A75205573299
2025-03-25$21.59$21.005.2%2.9%5.3%6.2%5.0%-2.1%1.0%8.5K-46.9K-1.6K0.16129.93N/AN/A508648472
2025-03-26$21.48$21.008.0%2.3%5.3%14.1%9.2%1.3%2.6%24.4K-65.7K-3.3K0.12118.94N/AN/A12715692478
2025-03-27$21.41$21.0015.8%3.6%5.3%35.9%0.0%-0.7%-4.1%32.4K-155.0K-3.4K0.00127.86N/AN/A05816492
2025-03-28$21.31$21.0013.2%4.0%5.2%28.7%10.3%-4.3%-3.0%17.1K-95.7K-2.9K0.20114.72N/AN/A306816497
2025-03-31$21.23$21.0015.3%2.3%5.2%34.6%7.3%-2.7%-16.5%35.2K-78.2K-3.8K2.50126.50N/AN/A410842503