PFFA Options History — March 2026

In March 2026, PFFA traded between $20.27 and $21.53. ATM implied volatility averaged 123.2%, placing in the 72.7% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 113.5% (HV 20d: 9.7%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 14.56.

Notable Days

  • 2026-03-20: Highest Volume — 411 contracts
  • 2026-03-16: Largest IV spike — 1086.6% change
  • 2026-03-16: Highest IV Rank — 100.0%
  • 2026-03-31: Largest Expected Move — 73.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.95$20.27$21.53$21.45$20.38
Max Pain$22.67$22.00$23.00$22.00$23.00
ATM IV123.2%8.7%426.9%13.2%256.2%
Expected Move15.8%1.7%73.5%3.8%73.5%
HV 20d9.7%7.8%12.8%8.6%12.4%
HV 60d8.4%7.4%9.9%7.4%9.9%
IV Rank72.7%21.2%100.0%38.7%100.0%
IV Percentile91.7%52.8%100.0%81.7%100.0%
Term Structure-3.8%-18.4%108.1%-1.3%108.1%
VWIV17.0%6.0%76.2%6.0%16.2%
Skew 25d4.7%-4.3%45.3%-2.6%-0.1%
Skew 10d18.7%2.4%67.2%7.0%2.4%
Call IV 25d9.4%5.1%18.6%9.1%9.1%
Put IV 25d14.2%6.5%54.3%6.5%8.9%
Bid-Ask Spread %67.5537.61121.41101.7137.61
Gamma HHI0.370.230.730.370.28
Net GEX-47.0K-225.3K47.5K3.0K-28.2K
Net DEX830.8K442.6K1.9M442.6K565.5K
Net VEX-3.3K-4.3K-1.5K-3.4K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.560.00109.002.007.50
Total Volume78.3812411317
Total OI2,667.9051,7723,1492,7831,968

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$21.45$22.0013.2%3.8%8.6%38.7%0.0%-2.6%-1.3%3.0K442.6K-3.4K2.00101.71N/AN/A121,1721,611
2026-03-03$21.37$22.0013.9%4.0%8.7%41.2%6.0%-3.4%-3.9%-3.9K570.6K-4.0K3.7899.20N/AN/A9341,1731,613
2026-03-04$21.49$22.0013.3%3.8%8.8%39.1%12.3%3.2%4.1%29.7K519.4K-2.8K20.0096.21N/AN/A1201,1791,636
2026-03-05$21.53$22.008.7%1.7%8.7%21.2%0.0%3.9%1.4%47.5K470.0K-2.9K2.00121.41N/AN/A481,1801,655
2026-03-06$21.39$22.0015.3%4.6%8.5%46.4%0.0%5.1%-15.4%-712568.0K-2.9K0.00119.89N/AN/A201,1841,657
2026-03-09$21.34$22.0017.4%4.5%8.0%54.4%8.7%7.9%-15.1%-7.1K638.9K-2.9K0.58120.89N/AN/A95551,1851,657
2026-03-10$21.37$22.0016.3%4.6%7.9%50.3%27.2%22.2%-14.6%-23.4K637.1K-2.8K7.60120.24N/AN/A5381,2781,700
2026-03-11$21.33$23.0015.4%4.4%7.8%47.1%10.8%6.1%-13.8%-10.5K630.3K-2.7K1.00114.76N/AN/A661,2791,677
2026-03-12$21.18$23.0015.6%4.6%8.1%47.7%9.7%2.7%-15.8%-35.7K779.9K-3.2K1.8942.26N/AN/A9171,2861,702
2026-03-13$20.96$23.0013.9%48.6%8.7%41.3%10.6%-4.3%-16.7%-162.1K1.1M-4.3K4.6537.62N/AN/A20931,2881,727
2026-03-16$20.96$23.00165.3%6.5%8.5%100.0%12.3%2.5%-18.4%-75.6K1.2M-3.4K91.0040.64N/AN/A1911,2671,819
2026-03-17$21.06$23.00124.5%6.3%8.1%100.0%0.0%1.5%-16.6%-68.4K1.0M-2.9K26.0041.26N/AN/A1261,2671,792
2026-03-18$20.94$23.0054.0%2.8%8.1%100.0%10.7%45.3%-4.0%-225.3K1.4M-1.5K12.0739.35N/AN/A141691,2671,817
2026-03-19$20.83$23.00197.8%6.6%8.1%100.0%14.2%-0.5%-2.8%-128.5K1.5M-3.5K109.0040.23N/AN/A11091,2731,866
2026-03-20$20.27$23.00426.9%8.2%11.7%100.0%0.0%-3.8%-4.0%-143.4K1.9M-2.9K0.1338.55N/AN/A365461,2731,876
2026-03-23$20.48$23.00231.1%4.8%12.6%100.0%15.0%-2.4%-4.2%-43.1K803.5K-3.5K0.2038.31N/AN/A22344782990
2026-03-24$20.45$23.00247.0%7.9%12.5%100.0%76.2%-0.6%-14.7%-26.0K737.8K-4.2K0.3338.65N/AN/A31982996
2026-03-25$20.52$23.00295.2%2.2%12.7%100.0%14.9%0.3%-3.1%-25.9K694.7K-3.8K0.3944.57N/AN/A4116982997
2026-03-26$20.34$23.00219.9%63.0%12.8%100.0%13.2%9.2%-15.8%-28.5K774.8K-4.2K1.0037.95N/AN/A16161,018991
2026-03-30$20.34$23.00227.1%65.1%12.4%100.0%13.9%7.6%-14.0%-31.3K590.6K-4.2K0.0047.19N/AN/A0211,018946
2026-03-31$20.38$23.00256.2%73.5%12.4%100.0%16.2%-0.1%108.1%-28.2K565.5K-4.2K7.5037.61N/AN/A2151,018950