PFFA Options History — October 2025

In October 2025, PFFA traded between $21.31 and $21.96. ATM implied volatility averaged 9.4%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 1.6% (HV 20d: 7.8%). Max pain ranged from $22.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 4.96.

Notable Days

  • 2025-10-01: Highest Volume — 252 contracts
  • 2025-10-30: Largest IV spike — 140.8% change
  • 2025-10-10: Highest IV Rank — 48.0%
  • 2025-10-30: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.63$21.31$21.96$21.96$21.31
Max Pain$22.26$22.00$25.00$22.00$22.00
ATM IV9.4%5.5%20.3%8.0%12.5%
Expected Move2.5%1.4%4.9%2.3%3.6%
HV 20d7.8%5.5%9.0%9.0%5.5%
HV 60d7.0%6.8%7.2%6.9%7.1%
IV Rank17.1%6.2%48.0%13.2%25.8%
IV Percentile44.3%9.1%91.7%37.7%74.2%
Term Structure-1.0%-19.5%4.4%-1.2%-4.4%
VWIV12.1%4.9%49.7%49.7%11.4%
Skew 25d2.6%-2.7%16.0%1.4%6.3%
Skew 10d8.9%-3.8%25.2%2.3%25.2%
Call IV 25d7.7%5.5%10.3%8.5%8.8%
Put IV 25d10.3%5.1%21.9%9.9%15.1%
Bid-Ask Spread %105.0393.48119.63101.13105.29
Gamma HHI0.370.290.500.420.29
Net GEX15.3K78840.5K27.7K7.8K
Net DEX291.5K-106.5K667.8K-106.5K278.3K
Net VEX-3.2K-4.2K-1.9K-2.9K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.960.0052.0014.751.00
Total Volume41.217325225215
Total OI1,303.5651,0061,4861,0061,333

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$21.96$22.008.0%2.3%9.0%13.2%49.7%1.4%-1.2%27.7K-106.5K-2.9K14.75101.13N/AN/A16236547459
2025-10-02$21.88$25.008.1%2.3%8.8%13.3%0.0%0.6%-2.1%788348.9K-3.3K0.00100.29N/AN/A04548678
2025-10-03$21.94$25.007.2%2.1%8.5%11.0%7.6%1.2%-1.3%7.0K325.4K-3.3K0.08119.63N/AN/A716548677
2025-10-06$21.91$22.005.7%1.7%8.3%6.8%6.5%16.0%3.4%37.9K317.5K-3.0K0.22114.38N/AN/A92618679
2025-10-07$21.82$22.006.5%1.4%8.4%8.9%11.3%3.1%-0.0%40.5K333.0K-3.3K0.80103.62N/AN/A108626681
2025-10-08$21.76$22.007.5%2.3%8.4%11.7%8.4%0.7%-2.6%34.1K389.5K-3.2K2.20103.45N/AN/A511628683
2025-10-09$21.63$22.0010.0%3.1%8.3%18.8%13.6%5.1%0.5%35.9K484.5K-2.9K0.90105.82N/AN/A2926630694
2025-10-10$21.48$22.0020.3%4.6%8.4%48.0%15.0%5.7%-7.6%2.6K667.8K-1.9K1.03101.60N/AN/A3233619718
2025-10-13$21.54$22.0014.4%2.2%8.4%31.3%8.3%1.9%3.3%4.5K611.3K-2.6K0.58107.62N/AN/A127622755
2025-10-14$21.57$22.0015.3%2.3%8.3%33.7%10.3%1.9%2.9%8.8K593.7K-2.6K0.31105.50N/AN/A165622757
2025-10-15$21.66$22.009.0%2.6%8.6%16.0%8.6%0.2%-0.0%13.1K513.3K-2.7K0.07107.89N/AN/A403638756
2025-10-16$21.52$22.008.4%2.4%8.7%14.3%9.9%-0.1%4.4%13.9K589.1K-2.8K52.00104.54N/AN/A152677757
2025-10-17$21.59$22.008.3%2.4%8.8%13.9%0.0%3.5%2.4%4.0K591.8K-3.1K9.00107.10N/AN/A218678808
2025-10-20$21.59$22.009.2%2.6%7.7%16.5%13.7%6.4%-0.3%9.6K-13.8K-3.4K0.7596.36N/AN/A4433583559
2025-10-21$21.59$22.005.5%1.6%7.7%6.2%6.1%0.1%1.8%11.8K63.6K-3.2K4.9295.19N/AN/A1364621592
2025-10-22$21.52$22.008.4%2.4%7.5%14.2%13.1%4.7%0.2%7.8K109.5K-3.9K12.00103.97N/AN/A112630650
2025-10-23$21.52$22.008.0%2.3%7.4%13.0%0.0%5.7%2.4%5.7K149.9K-3.5K0.00106.85N/AN/A610631642
2025-10-24$21.59$22.007.0%2.0%7.1%10.4%0.0%0.9%-2.0%14.4K49.7K-4.2K1.00105.45N/AN/A22682642
2025-10-27$21.62$22.006.2%1.8%7.1%8.0%7.8%-0.3%-1.0%17.4K45.1K-4.0K0.1593.48N/AN/A132684644
2025-10-28$21.57$22.006.6%1.9%6.8%9.3%0.0%-1.5%-1.0%17.1K83.7K-3.9K0.50109.83N/AN/A21684645
2025-10-29$21.51$22.007.0%2.0%5.5%10.4%0.0%-0.3%-2.3%17.9K106.3K-3.8K1.83109.74N/AN/A611684646
2025-10-30$21.44$22.0016.9%4.9%5.5%38.4%4.9%-2.7%-19.5%11.4K173.8K-3.6K1.00107.05N/AN/A66680647
2025-10-31$21.31$22.0012.5%3.6%5.5%25.8%11.4%6.3%-4.4%7.8K278.3K-3.8K0.00105.29N/AN/A015680653