PFFA Options History — May 2025

In May 2025, PFFA traded between $20.33 and $20.99. ATM implied volatility averaged 11.7%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded below realized volatility by 2.5% (HV 20d: 14.2%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2025-05-01: Highest Volume — 121 contracts
  • 2025-05-21: Largest IV spike — 85.4% change
  • 2025-05-29: Highest IV Rank — 50.1%
  • 2025-05-29: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.67$20.33$20.99$20.81$20.54
Max Pain$20.90$20.00$21.00$20.00$21.00
ATM IV11.7%6.7%20.8%9.2%8.8%
Expected Move3.2%1.9%6.0%2.6%2.5%
HV 20d14.2%10.2%26.0%26.0%10.3%
HV 60d15.7%15.3%16.1%15.3%16.1%
IV Rank24.6%10.6%50.1%17.6%16.4%
IV Percentile64.3%19.4%93.3%59.9%49.6%
Term Structure0.3%-10.9%6.1%3.5%-1.9%
VWIV13.1%5.7%27.7%13.9%14.1%
Skew 25d4.7%-3.8%25.2%3.7%-3.8%
Skew 10d14.8%-0.8%37.0%1.8%15.8%
Call IV 25d9.1%6.8%12.4%8.0%9.4%
Put IV 25d13.8%5.6%33.5%11.7%5.6%
Bid-Ask Spread %100.7181.29113.1896.3798.20
Gamma HHI0.360.220.520.250.52
Net GEX-5.4K-38.2K57.4K-3.1K-38.2K
Net DEX187.2K-94.2K404.4K112.3K392.4K
Net VEX-2.9K-3.6K-2.2K-3.2K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.007.500.090.50
Total Volume29.28651211219
Total OI1,852.191,6581,9311,7101,885

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$20.81$20.009.2%2.6%26.0%17.6%13.9%3.7%3.5%-3.1K112.3K-3.2K0.0996.37N/AN/A111101,021689
2025-05-02$20.91$20.008.2%2.3%25.1%14.5%0.0%-0.6%1.6%18.9K-12.4K-3.3K0.0097.85N/AN/A601,141701
2025-05-05$20.79$21.009.1%3.1%22.0%17.2%11.0%4.0%0.2%14.9K38.1K-3.3K0.03102.69N/AN/A3611,139701
2025-05-06$20.73$21.0011.2%2.8%18.8%23.0%27.7%7.4%6.1%15.3K34.8K-3.6K1.37109.60N/AN/A19261,170701
2025-05-07$20.73$21.0010.8%2.9%18.9%21.8%11.6%1.5%0.4%21621.5K-3.3K0.50102.40N/AN/A1051,185723
2025-05-08$20.62$21.0018.9%4.6%15.9%44.6%15.8%13.7%3.6%15.5K44.8K-3.6K1.67112.39N/AN/A351,190728
2025-05-09$20.55$21.0012.8%3.4%12.5%27.6%12.4%4.1%-1.5%-1.9K202.9K-2.9K1.17104.47N/AN/A671,190733
2025-05-12$20.69$21.0012.3%2.8%12.4%26.2%0.0%6.8%2.7%5.1K139.6K-3.0K0.13113.18N/AN/A1621,193738
2025-05-13$20.78$21.0011.8%2.3%11.8%24.7%9.7%0.9%1.4%731141.5K-2.7K0.2597.08N/AN/A411,173740
2025-05-14$20.70$21.007.3%2.1%12.0%12.0%10.1%3.4%4.7%-11.8K234.0K-2.6K0.83102.97N/AN/A651,168741
2025-05-15$20.79$21.008.3%2.4%11.9%15.1%14.4%0.9%-1.4%-11.3K147.5K-2.3K1.67106.50N/AN/A6101,167746
2025-05-16$20.99$21.008.5%2.4%12.1%15.6%0.0%25.2%0.2%57.4K-94.2K-2.3K0.00103.79N/AN/A1601,162748
2025-05-19$20.88$21.006.7%1.9%10.2%10.6%5.7%3.1%1.6%-27.0K145.2K-2.2K4.00102.71N/AN/A1040975683
2025-05-20$20.69$21.0010.1%2.9%10.5%19.9%10.4%2.8%0.6%-16.4K253.5K-2.9K0.2299.59N/AN/A4510993743
2025-05-21$20.33$21.0018.6%5.3%12.0%43.9%14.7%8.4%-3.7%-17.8K394.1K-3.0K3.5099.32N/AN/A20701,032749
2025-05-22$20.41$21.0017.2%4.9%11.8%39.9%14.8%8.0%-3.3%-23.1K404.4K-3.2K7.50101.99N/AN/A2151,027799
2025-05-23$20.44$21.0012.1%3.5%11.5%25.6%12.3%0.0%4.3%-28.4K402.5K-3.1K0.5791.06N/AN/A741,027806
2025-05-27$20.59$21.0011.9%3.4%11.5%25.1%13.1%2.4%2.3%-25.8K310.6K-2.6K0.7193.34N/AN/A28201,032809
2025-05-28$20.51$21.0011.7%3.3%11.1%24.4%0.0%1.4%-3.6%-27.7K339.7K-2.6K0.0081.29N/AN/A1201,059815
2025-05-29$20.50$21.0020.8%6.0%10.6%50.1%11.5%6.5%-10.9%-8.5K277.4K-3.3K1.0098.17N/AN/A661,059815
2025-05-30$20.54$21.008.8%2.5%10.3%16.4%14.1%-3.8%-1.9%-38.2K392.4K-2.3K0.5098.20N/AN/A631,064821