PFFA Options History — April 2025

In April 2025, PFFA traded between $19.54 and $21.20. ATM implied volatility averaged 16.9%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 3.1% (HV 20d: 20.0%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.81.

Notable Days

  • 2025-04-09: Highest Volume — 155 contracts
  • 2025-04-21: Largest IV drop — 49.1% change
  • 2025-04-09: Highest IV Rank — 61.7%
  • 2025-04-07: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.26$19.54$21.20$21.18$20.67
Max Pain$20.81$20.00$22.00$21.00$20.00
ATM IV16.9%8.2%25.0%16.1%8.6%
Expected Move4.9%2.2%9.4%3.6%2.5%
HV 20d20.0%5.1%25.8%5.1%25.8%
HV 60d12.9%6.8%15.3%7.0%15.3%
IV Rank39.0%14.7%61.7%36.6%15.9%
IV Percentile83.8%44.0%99.2%91.3%50.4%
Term Structure-6.2%-20.1%5.4%-5.3%4.0%
VWIV15.5%7.4%31.2%8.0%7.8%
Skew 25d9.7%-2.0%38.2%-2.0%2.1%
Skew 10d16.1%-0.2%53.3%6.6%0.2%
Call IV 25d12.8%4.9%30.4%13.9%7.9%
Put IV 25d22.5%9.0%47.5%11.8%9.9%
Bid-Ask Spread %117.5986.93143.03126.1996.16
Gamma HHI0.270.210.450.310.22
Net GEX-12.5K-39.2K23.9K20.6K-5.9K
Net DEX364.9K-82.7K613.8K8.2K212.0K
Net VEX-3.0K-3.9K-1.9K-3.2K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.0010.000.000.86
Total Volume52.905111553526
Total OI1,501.3811,3521,6931,3521,693

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$21.18$21.0016.1%3.6%5.1%36.6%0.0%-2.0%-5.3%20.6K8.2K-3.2K0.00126.19N/AN/A350844508
2025-04-02$21.20$21.0015.0%2.2%5.2%33.6%0.0%1.3%0.2%23.5K-82.7K-3.9K10.00123.43N/AN/A110879508
2025-04-03$20.80$21.0019.9%3.1%8.1%47.5%8.0%-1.1%0.7%23.9K150.2K-3.1K4.00135.28N/AN/A1352880501
2025-04-04$20.12$21.0016.3%7.8%13.5%37.2%28.3%21.9%-16.0%-12.1K372.5K-3.1K4.20139.49N/AN/A1563884528
2025-04-07$19.54$21.0021.9%9.4%16.2%52.9%31.2%10.9%-20.1%172471.7K-3.7K0.94142.13N/AN/A6460895556
2025-04-08$19.63$21.0024.9%8.0%16.4%61.5%0.0%-1.6%-15.1%-2.0K446.2K-3.9K2.40125.38N/AN/A512951572
2025-04-09$20.24$21.0025.0%7.2%20.6%61.7%15.2%15.6%-9.9%-3.7K346.5K-3.8K0.23143.03N/AN/A12629948574
2025-04-10$19.72$22.0022.0%6.3%22.0%53.3%18.5%1.2%-8.7%-21.9K613.8K-2.7K2.10127.23N/AN/A2042866575
2025-04-11$19.65$21.0022.3%6.4%22.0%54.0%0.0%10.0%-10.1%-12.9K551.0K-3.4K1.90120.92N/AN/A1019873596
2025-04-14$19.91$21.0021.2%6.1%22.7%51.1%0.0%14.6%-13.7%-35.9K580.5K-2.4K1.29117.64N/AN/A79885614
2025-04-15$19.93$21.0019.9%5.7%22.7%47.4%20.0%15.0%-10.9%-25.6K548.6K-3.2K5.33115.11N/AN/A316890623
2025-04-16$20.06$21.0021.9%6.3%23.0%52.9%0.0%16.5%-12.7%-32.6K499.4K-2.6K0.06122.33N/AN/A332890615
2025-04-17$20.18$21.0021.0%6.0%23.2%50.6%20.9%15.5%-11.0%-24.9K437.1K-2.7K0.74116.64N/AN/A7052921616
2025-04-21$19.84$21.0010.7%3.1%23.7%21.7%0.0%11.9%-2.7%-16.6K488.1K-2.9K0.78111.59N/AN/A2318876593
2025-04-22$20.07$21.0014.5%4.2%24.3%32.4%0.0%13.0%-7.3%-15.4K433.5K-3.2K0.44114.75N/AN/A94870602
2025-04-23$20.26$21.0010.8%3.1%24.7%22.0%8.8%8.6%2.7%-39.2K502.6K-1.9K1.39104.64N/AN/A3143877608
2025-04-24$20.42$20.0013.3%3.8%25.0%28.9%13.6%6.7%-3.3%-30.9K396.7K-2.7K0.4686.93N/AN/A3516908643
2025-04-25$20.55$20.0012.8%3.7%25.2%27.5%11.9%4.8%5.4%-33.0K353.3K-2.6K0.0496.23N/AN/A472920659
2025-04-28$20.71$20.008.7%2.5%25.4%16.2%9.2%0.1%1.6%-19.8K231.5K-2.9K0.27103.36N/AN/A6016950661
2025-04-29$20.88$20.008.2%2.4%25.6%14.7%7.4%38.2%1.7%1.6K101.5K-2.9K0.63100.94N/AN/A851,000677
2025-04-30$20.67$20.008.6%2.5%25.8%15.9%7.8%2.1%4.0%-5.9K212.0K-3.2K0.8696.16N/AN/A14121,013680