PAYO Options History — August 2021

In August 2021, PAYO traded between $9.05 and $10.22. ATM implied volatility averaged 56.0%. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 13.8% (HV 20d: 42.2%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2021-08-12: Highest Volume — 5,201 contracts
  • 2021-08-11: Largest IV drop — 21.3% change
  • 2021-08-02: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.78$9.05$10.22$9.77$10.22
Max Pain$7.84$7.50$10.00$10.00$7.50
ATM IV56.0%43.1%78.3%64.6%45.0%
Expected Move15.3%12.4%18.5%18.5%12.9%
HV 20d42.2%38.8%45.8%45.8%39.5%
Term Structure2.3%-13.1%12.5%-6.9%11.0%
VWIV54.6%40.3%70.8%65.4%40.3%
Skew 25d12.5%-21.5%66.3%-21.5%65.3%
Skew 10d18.7%-34.2%113.6%-34.2%113.6%
Call IV 25d58.4%36.0%72.6%72.6%36.0%
Put IV 25d70.8%42.0%131.4%51.1%101.3%
Bid-Ask Spread %41.4416.5388.8022.4920.62
Gamma HHI0.350.280.540.290.33
Net GEX294.4K165.1K475.1K298.0K240.5K
Net DEX-9.8M-15.4M-4.1M-11.0M-10.1M
Net VEX-58.0K-71.0K-49.3K-63.7K-49.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.001.110.020.08
Total Volume1,237.727815,2014,1121,062
Total OI66,814.95537,43582,78675,03539,250

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$9.77$10.0064.6%18.5%0.0%0.0%65.4%-21.5%-6.9%298.0K-11.0M-63.7K0.0222.49N/AN/A4,0516162,27012,765
2021-08-03$9.57$10.0059.2%17.0%0.0%0.0%60.9%6.6%-0.4%292.8K-9.5M-59.5K0.0922.01N/AN/A2061862,74712,767
2021-08-04$9.56$10.0059.0%16.9%0.0%0.0%65.4%61.4%-2.8%315.1K-10.2M-65.4K0.2223.41N/AN/A932065,48612,729
2021-08-05$9.65$7.5066.9%16.1%45.8%0.0%57.9%-2.0%6.4%334.0K-11.0M-67.2K0.0066.88N/AN/A1,048265,58712,735
2021-08-06$9.60$7.5063.0%16.3%44.2%0.0%60.3%-1.9%-2.7%333.3K-10.2M-62.7K0.0141.31N/AN/A507465,60412,738
2021-08-09$9.98$7.5075.6%16.5%45.4%0.0%58.5%1.8%7.5%369.2K-14.3M-67.6K0.8185.63N/AN/A2,1801,76466,21712,747
2021-08-10$10.17$7.5078.3%16.8%44.5%0.0%62.8%3.3%-1.6%379.5K-15.4M-67.8K0.2458.19N/AN/A1,49936466,37212,747
2021-08-11$10.10$7.5061.7%17.7%43.4%0.0%70.8%-1.2%-2.7%392.2K-15.4M-71.0K1.1169.59N/AN/A9551,05867,21113,351
2021-08-12$9.89$7.5055.1%15.8%43.1%0.0%55.1%-10.1%-1.0%418.2K-13.3M-65.3K0.1088.80N/AN/A4,74046167,96513,559
2021-08-13$9.62$7.5053.2%15.3%43.0%0.0%52.7%-16.6%-0.2%412.4K-10.1M-60.0K0.5451.62N/AN/A55930168,37214,414
2021-08-16$9.51$7.5054.5%15.6%41.3%0.0%54.5%-10.8%1.6%475.1K-8.3M-57.6K1.0345.60N/AN/A23924768,46214,095
2021-08-17$9.05$7.5055.0%15.8%44.2%0.0%55.1%-17.2%-0.3%165.1K-4.1M-50.9K0.4054.24N/AN/A27811068,06214,190
2021-08-18$9.38$7.5053.5%15.3%42.2%0.0%49.3%-10.8%2.6%371.8K-5.8M-53.4K0.2344.45N/AN/A67815467,95114,159
2021-08-19$9.38$7.5055.2%15.8%39.7%0.0%55.7%5.7%-13.1%174.5K-4.2M-49.3K0.9143.25N/AN/A454167,90614,196
2021-08-20$9.48$7.5054.3%15.6%40.1%0.0%55.1%-0.2%5.9%186.2K-5.3M-50.8K0.7824.74N/AN/A40331568,41114,160
2021-08-23$9.97$7.5050.3%14.4%43.9%0.0%51.3%-8.3%12.5%204.8K-9.3M-53.4K0.0226.05N/AN/A1,4502931,9735,462
2021-08-24$10.14$7.5044.6%12.8%42.2%0.0%45.1%44.3%11.0%217.4K-9.7M-52.0K0.5827.51N/AN/A96255431,9815,505
2021-08-25$9.97$7.5046.1%13.2%40.0%0.0%47.5%53.3%6.9%232.0K-9.7M-54.2K0.0331.85N/AN/A242832,7685,517
2021-08-26$10.07$7.5043.1%12.4%40.0%0.0%43.0%66.3%9.0%219.0K-9.5M-51.3K0.0420.13N/AN/A254933,0696,017
2021-08-27$10.12$7.5046.5%13.3%39.9%0.0%46.9%59.1%4.4%225.4K-9.8M-52.2K0.1716.53N/AN/A691233,1716,021
2021-08-30$9.90$7.5046.6%13.4%38.8%0.0%46.6%8.3%3.1%219.4K-9.1M-50.4K0.2526.72N/AN/A1423633,1966,024
2021-08-31$10.22$7.5045.0%12.9%39.5%0.0%40.3%65.3%11.0%240.5K-10.1M-49.4K0.0820.62N/AN/A9857733,2246,026