PFFA Options History — February 2026

In February 2026, PFFA traded between $21.39 and $22.02. ATM implied volatility averaged 7.8%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 2.2%. IV traded above realized volatility by 0.2% (HV 20d: 7.6%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 5.30.

Notable Days

  • 2026-02-27: Highest Volume — 239 contracts
  • 2026-02-26: Largest IV spike — 153.5% change
  • 2026-02-19: Highest IV Rank — 34.2%
  • 2026-02-19: Largest Expected Move — 3.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.74$21.39$22.02$21.73$21.39
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV7.8%4.1%12.1%4.7%11.1%
Expected Move2.2%1.2%3.5%1.4%3.2%
HV 20d7.6%6.1%8.6%7.0%8.5%
HV 60d7.3%6.8%7.6%7.3%7.4%
IV Rank18.1%3.9%34.2%6.1%30.4%
IV Percentile39.8%2.4%77.8%5.2%73.0%
Term Structure1.4%-4.6%8.7%-1.3%6.5%
VWIV9.9%3.5%26.6%4.7%8.9%
Skew 25d10.7%-1.4%32.1%18.0%0.4%
Skew 10d15.4%-3.8%36.6%30.0%12.9%
Call IV 25d7.1%3.4%13.0%11.1%8.3%
Put IV 25d17.8%6.2%38.9%29.0%8.7%
Bid-Ask Spread %114.1489.90142.23116.1889.90
Gamma HHI0.680.400.960.660.40
Net GEX165.0K-14.2K467.1K139.4K-14.2K
Net DEX10.4K-519.8K383.3K42.8K383.3K
Net VEX-3.4K-4.3K-2.6K-3.5K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.300.0439.671.006.71
Total Volume61.211223914239
Total OI2,587.2112,4202,7982,4202,653

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$21.73$22.004.7%1.4%7.0%6.1%4.7%18.0%-1.3%139.4K42.8K-3.5K1.00116.18N/AN/A771,0401,380
2026-02-03$21.63$22.006.5%1.9%7.2%13.1%8.6%-1.4%-1.7%89.7K241.6K-4.0K39.67114.86N/AN/A31191,0391,387
2026-02-04$21.73$22.008.2%2.4%7.3%19.5%11.4%32.1%-1.6%95.1K72.7K-4.2K14.00127.69N/AN/A1141,0411,485
2026-02-05$21.55$22.007.9%2.1%7.9%18.4%9.0%3.1%1.2%50.1K318.8K-3.9K9.33106.56N/AN/A3281,0421,497
2026-02-06$21.71$22.006.0%2.3%8.2%11.1%0.0%4.2%1.8%100.1K159.5K-3.7K0.00127.86N/AN/A0111,0441,525
2026-02-09$21.79$22.009.3%1.7%8.1%23.7%0.0%5.8%3.5%123.7K59.0K-3.6K10.00124.54N/AN/A1101,0441,527
2026-02-10$21.80$22.007.9%2.3%8.1%18.4%0.0%6.4%3.1%125.5K62.5K-3.6K0.04116.95N/AN/A17471,0451,528
2026-02-11$21.80$22.006.6%1.9%8.1%13.3%9.9%15.8%3.1%182.2K19.4K-3.3K3.00126.63N/AN/A261,0701,530
2026-02-12$21.77$22.008.0%2.3%8.0%18.8%0.0%17.2%2.9%154.9K-31.3K-3.2K1.00129.42N/AN/A111,0701,534
2026-02-13$21.84$22.004.9%1.4%8.1%7.0%4.7%12.2%1.7%228.5K58.1K-2.9K0.17118.71N/AN/A5291,0701,535
2026-02-17$22.02$22.0010.9%3.1%8.6%29.7%8.1%13.2%-1.1%399.1K-421.4K-2.8K0.39115.08N/AN/A74291,0651,530
2026-02-18$22.01$22.006.5%1.9%6.7%12.8%26.6%12.2%1.2%339.6K-430.9K-3.2K0.05114.41N/AN/A11161,1171,556
2026-02-19$22.01$22.0012.1%3.5%6.1%34.2%12.5%12.7%-4.6%467.1K-519.8K-3.2K1.00109.01N/AN/A18181,2221,558
2026-02-20$21.79$22.0012.0%3.4%7.0%34.0%7.8%17.0%8.7%232.8K-59.5K-3.5K0.85142.23N/AN/A13111,2241,574
2026-02-23$21.62$22.006.1%1.8%7.5%11.6%10.9%5.9%2.8%75.4K16.8K-4.1K0.9694.29N/AN/A26251,0701,429
2026-02-24$21.63$22.005.6%1.6%7.5%9.7%6.6%12.9%0.2%144.8K104.1K-2.9K0.26107.81N/AN/A50131,0921,441
2026-02-25$21.64$22.004.1%1.2%7.5%3.9%3.5%11.0%0.2%119.9K186.5K-2.6K1.3392.21N/AN/A12161,1421,444
2026-02-26$21.64$22.0010.4%3.0%7.5%27.9%15.3%4.3%0.1%82.0K-64.9K-4.3K5.5794.25N/AN/A7391,1471,460
2026-02-27$21.39$22.0011.1%3.2%8.5%30.4%8.9%0.4%6.5%-14.2K383.3K-2.8K6.7189.90N/AN/A312081,1541,499