PFFA Options History — August 2025

In August 2025, PFFA traded between $21.38 and $21.86. ATM implied volatility averaged 9.9%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded above realized volatility by 4.1% (HV 20d: 5.8%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-08-15: Highest Volume — 305 contracts
  • 2025-08-05: Largest IV spike — 123.6% change
  • 2025-08-12: Highest IV Rank — 73.8%
  • 2025-08-05: Largest Expected Move — 3.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.64$21.38$21.86$21.38$21.71
Max Pain$21.05$21.00$22.00$22.00$21.00
ATM IV9.9%3.4%29.3%8.3%5.4%
Expected Move1.7%1.0%3.1%2.4%1.5%
HV 20d5.8%4.2%6.3%5.4%6.3%
HV 60d6.9%5.9%7.8%7.7%6.1%
IV Rank19.3%1.1%73.8%15.1%6.7%
IV Percentile35.0%0.8%99.2%38.5%9.9%
Term Structure5.1%-6.7%11.1%0.3%1.2%
VWIV8.0%3.7%18.0%18.0%7.5%
Skew 25d5.6%1.8%32.6%1.9%3.6%
Skew 10d7.9%-0.0%40.8%3.5%-0.0%
Call IV 25d4.2%3.0%7.4%7.4%3.4%
Put IV 25d9.8%5.3%37.5%9.3%7.0%
Bid-Ask Spread %104.6498.38128.02128.02104.92
Gamma HHI0.600.290.940.350.91
Net GEX112.3K59.7K194.5K59.7K154.1K
Net DEX-444.2K-724.1K-304.7K-304.7K-460.6K
Net VEX-2.1K-2.9K-1.3K-2.0K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.002.501.000.14
Total Volume40.0481305464
Total OI1,404.2861,2391,6051,2391,605

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$21.38$22.008.3%2.4%5.4%15.1%18.0%1.9%0.3%59.7K-304.7K-2.0K1.00128.02N/AN/A22707532
2025-08-04$21.52$21.008.6%2.2%5.6%15.9%7.5%5.2%4.1%69.9K-401.7K-1.8K0.06103.58N/AN/A644707534
2025-08-05$21.49$21.0019.3%3.1%5.5%45.8%8.6%6.0%-6.7%66.7K-437.1K-2.6K0.67112.58N/AN/A64770537
2025-08-06$21.44$21.0022.0%2.1%5.4%53.3%6.6%4.0%4.7%78.4K-385.6K-1.8K0.00104.41N/AN/A50770549
2025-08-07$21.38$21.0021.7%2.0%5.5%52.4%0.0%4.6%2.5%63.9K-338.4K-2.2K0.50103.78N/AN/A21770549
2025-08-08$21.51$21.0018.6%2.2%5.9%43.6%0.0%5.0%4.5%82.2K-434.5K-1.8K0.00103.94N/AN/A10771549
2025-08-11$21.54$21.0014.4%2.3%5.9%32.1%10.3%6.3%3.8%82.8K-447.5K-2.0K0.7598.38N/AN/A43772549
2025-08-12$21.62$21.0029.3%1.8%6.0%73.8%0.0%6.6%3.7%79.2K-533.3K-1.3K0.14104.60N/AN/A213774552
2025-08-13$21.75$21.005.2%1.5%6.2%6.4%0.0%6.3%5.1%81.5K-508.8K-1.9K0.00104.87N/AN/A590761553
2025-08-14$21.77$21.004.9%1.4%6.2%5.4%0.0%6.4%10.6%87.0K-538.0K-2.0K2.50105.16N/AN/A615798553
2025-08-15$21.80$21.006.9%2.0%6.2%11.1%6.8%3.2%6.6%107.0K-564.5K-1.7K0.49101.66N/AN/A205100810566
2025-08-18$21.83$21.004.9%1.4%4.2%5.4%4.7%32.6%1.7%146.4K-641.6K-2.0K0.8698.96N/AN/A76935593
2025-08-19$21.86$21.006.0%1.7%4.2%8.4%3.7%2.7%9.8%153.6K-724.1K-2.2K0.0098.59N/AN/A590939596
2025-08-20$21.66$21.003.7%1.1%5.7%2.2%4.6%1.8%11.1%137.5K-310.8K-2.1K1.00103.09N/AN/A55832596
2025-08-21$21.59$21.005.8%1.7%5.8%7.9%8.2%3.4%10.5%109.0K-307.2K-2.1K0.00108.92N/AN/A01837598
2025-08-22$21.73$21.004.2%1.2%6.1%3.4%0.0%3.9%8.3%152.4K-398.3K-2.2K0.17100.09N/AN/A122837599
2025-08-25$21.68$21.004.8%1.4%6.2%5.2%6.5%4.1%8.4%130.6K-368.6K-2.2K0.07104.03N/AN/A141846601
2025-08-26$21.66$21.004.8%1.4%6.2%5.2%6.8%3.8%4.0%127.2K-349.7K-2.3K0.0998.90N/AN/A12111859602
2025-08-27$21.74$21.003.4%1.0%6.3%1.1%13.2%2.2%3.7%194.5K-421.8K-2.8K0.25104.35N/AN/A41980609
2025-08-28$21.75$21.004.8%1.4%6.3%5.1%6.7%3.9%8.6%194.0K-451.9K-2.9K0.50104.58N/AN/A147983610
2025-08-29$21.71$21.005.4%1.5%6.3%6.7%7.5%3.6%1.2%154.1K-460.6K-2.9K0.14104.92N/AN/A568989616