PFFA Options History — July 2025

In July 2025, PFFA traded between $20.92 and $21.46. ATM implied volatility averaged 9.0%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded above realized volatility by 2.4% (HV 20d: 6.6%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.41.

Notable Days

  • 2025-07-10: Highest Volume — 107 contracts
  • 2025-07-23: Largest IV spike — 95.4% change
  • 2025-07-25: Highest IV Rank — 31.5%
  • 2025-07-03: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.27$20.92$21.46$20.92$21.39
Max Pain$21.59$19.00$22.00$20.00$22.00
ATM IV9.0%3.7%14.2%4.8%8.0%
Expected Move2.8%1.1%4.6%1.4%2.3%
HV 20d6.6%5.4%7.1%6.1%5.4%
HV 60d9.9%7.7%15.9%15.9%7.7%
IV Rank17.0%2.1%31.5%5.1%14.0%
IV Percentile43.1%1.2%80.2%6.0%32.5%
Term Structure-4.5%-14.4%11.5%11.5%0.2%
VWIV9.6%2.6%15.7%6.6%14.6%
Skew 25d0.4%-2.8%8.3%2.1%2.2%
Skew 10d7.5%0.5%20.9%0.8%2.1%
Call IV 25d7.4%5.9%9.4%5.9%7.0%
Put IV 25d7.8%4.9%14.5%8.0%9.2%
Bid-Ask Spread %123.88102.69137.25117.13127.86
Gamma HHI0.550.310.840.730.42
Net GEX105.2K49.8K168.6K168.3K71.7K
Net DEX-455.5K-644.9K-258.4K-346.7K-335.1K
Net VEX-1.9K-2.5K-1.3K-2.4K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.005.670.451.00
Total Volume19.6821107168
Total OI1,275.2271,1631,3681,3161,239

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$20.92$20.004.8%1.4%6.1%5.1%6.6%2.1%11.5%168.3K-346.7K-2.4K0.45117.13N/AN/A115871445
2025-07-02$21.13$21.003.7%1.1%6.8%2.1%2.6%-0.7%11.3%157.9K-579.7K-2.1K0.14102.69N/AN/A375865447
2025-07-03$21.16$19.006.9%4.6%6.7%11.0%0.0%8.3%-8.1%139.3K-544.9K-2.5K0.00137.25N/AN/A20890452
2025-07-07$21.09$19.006.6%3.7%6.9%10.3%13.8%1.4%-7.5%157.4K-505.9K-2.3K0.25132.84N/AN/A164892452
2025-07-08$21.19$22.008.4%3.4%7.0%15.1%0.0%-2.1%-9.5%168.6K-563.2K-1.8K1.71114.49N/AN/A712885455
2025-07-09$21.28$22.0010.1%2.9%7.1%19.9%0.0%-0.9%-5.9%147.5K-630.3K-2.0K3.00123.68N/AN/A412887467
2025-07-10$21.31$22.009.7%2.8%7.1%18.9%0.0%7.2%-3.6%136.7K-615.8K-2.1K0.01136.47N/AN/A1061890478
2025-07-11$21.29$22.0011.1%3.2%7.1%22.7%0.0%0.9%-8.8%108.9K-539.1K-2.3K0.00127.75N/AN/A80824479
2025-07-14$21.32$22.0011.6%3.3%7.1%24.2%0.0%-0.5%-9.2%128.0K-567.7K-1.6K0.00128.35N/AN/A01829479
2025-07-15$21.33$22.0011.2%3.2%6.4%23.2%0.0%-0.3%-9.5%126.1K-575.8K-1.5K1.80119.80N/AN/A1018829480
2025-07-16$21.39$22.006.6%1.9%6.3%10.3%5.7%0.9%-1.4%111.5K-567.5K-1.7K2.29125.84N/AN/A716835489
2025-07-17$21.45$22.0012.6%3.6%6.3%27.0%0.0%-1.1%-13.7%88.3K-605.7K-1.3K0.20125.38N/AN/A51835506
2025-07-18$21.46$22.0013.3%3.8%6.3%29.1%0.0%-1.1%-14.4%100.4K-644.9K-1.3K0.33131.20N/AN/A155836507
2025-07-21$21.22$22.006.9%2.0%7.0%10.9%11.1%-0.3%1.8%49.8K-264.6K-2.1K0.00125.13N/AN/A013687476
2025-07-22$21.24$22.006.3%1.8%6.9%9.4%11.7%0.6%2.8%53.4K-258.4K-2.2K1.80121.08N/AN/A59687483
2025-07-23$21.25$22.0012.3%3.5%6.6%26.3%0.0%-2.8%-11.8%55.0K-268.0K-2.2K0.09122.53N/AN/A111691483
2025-07-24$21.32$22.0012.5%3.6%6.4%26.8%0.0%-1.6%-10.3%58.3K-300.8K-2.1K2.17118.42N/AN/A613701484
2025-07-25$21.31$22.0014.2%4.1%6.4%31.5%7.3%-0.5%-12.5%74.4K-307.1K-1.6K0.15122.37N/AN/A132701495
2025-07-28$21.30$22.006.9%2.0%6.3%11.1%8.8%-2.4%-0.4%63.1K-304.6K-1.9K2.50124.92N/AN/A25703497
2025-07-29$21.34$22.006.9%2.0%6.3%11.0%15.7%-0.6%0.5%73.0K-395.2K-1.3K4.67112.56N/AN/A314703502
2025-07-30$21.33$22.008.1%2.3%6.3%14.4%8.1%0.4%-1.7%77.1K-300.9K-1.5K5.67127.62N/AN/A317704515
2025-07-31$21.39$22.008.0%2.3%5.4%14.0%14.6%2.2%0.2%71.7K-335.1K-1.6K1.00127.86N/AN/A44707532