PAYO Options History — October 2021

In October 2021, PAYO traded between $7.56 and $8.73. ATM implied volatility averaged 60.0%. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 9.4% (HV 20d: 50.5%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.23.

Notable Days

  • 2021-10-25: Highest Volume — 5,493 contracts
  • 2021-10-04: Largest IV spike — 101.4% change
  • 2021-10-27: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.23$7.56$8.73$8.73$7.56
Max Pain$7.62$7.50$10.00$10.00$7.50
ATM IV60.0%42.7%85.9%42.7%62.3%
Expected Move16.4%12.2%18.1%12.2%17.9%
HV 20d50.5%28.8%73.7%73.7%28.8%
HV 60d52.8%50.7%55.5%55.5%51.0%
Term Structure3.2%-22.9%22.6%13.2%4.0%
VWIV58.0%46.8%67.3%60.3%62.5%
Skew 25d0.4%-15.1%33.2%-15.1%-11.3%
Skew 10d8.6%-21.4%70.8%-21.4%-16.4%
Call IV 25d62.8%53.7%76.7%59.5%76.4%
Put IV 25d63.2%44.4%109.9%44.4%65.0%
Bid-Ask Spread %34.4019.5775.9925.7325.75
Gamma HHI0.330.290.420.400.42
Net GEX132.3K103.6K226.4K226.4K131.0K
Net DEX-2.8M-4.6M-975.4K-4.6M-1.3M
Net VEX-32.4K-40.0K-26.8K-40.0K-27.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.001.200.000.16
Total Volume936.7141405,4931,6352,234
Total OI45,374.33341,17547,81246,95046,383

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$8.73$10.0042.7%12.2%73.7%0.0%60.3%-15.1%13.2%226.4K-4.6M-40.0K0.0025.73N/AN/A1,635040,2466,704
2021-10-04$8.49$7.5085.9%17.1%72.6%0.0%61.6%-1.9%3.3%180.2K-3.7M-37.6K0.0075.99N/AN/A208140,3176,904
2021-10-05$8.44$7.5059.9%18.0%61.4%0.0%59.8%8.0%-3.5%171.9K-3.8M-37.8K0.0440.15N/AN/A5392040,8696,904
2021-10-06$8.18$7.5043.8%16.7%60.8%0.0%60.6%-3.9%1.9%113.8K-2.5M-33.1K0.0539.46N/AN/A2211240,9526,860
2021-10-07$8.40$7.5066.5%16.1%61.4%0.0%55.0%0.4%1.6%182.0K-3.5M-35.2K0.4225.48N/AN/A24710340,4876,854
2021-10-08$8.27$7.5062.7%15.0%61.4%0.0%47.1%3.1%12.6%134.9K-3.2M-34.6K0.0230.01N/AN/A253440,6406,860
2021-10-11$8.19$7.5068.3%15.7%60.7%0.0%46.8%-3.1%2.5%135.6K-3.5M-36.2K0.0426.59N/AN/A135540,5606,898
2021-10-12$8.15$7.5068.8%16.4%60.7%0.0%59.2%-6.1%2.6%107.8K-2.3M-31.9K0.2519.57N/AN/A1223040,5406,898
2021-10-13$8.47$7.5059.1%17.0%57.6%0.0%59.8%-0.7%-4.3%119.3K-3.0M-33.5K0.3524.92N/AN/A2609140,5626,902
2021-10-14$8.53$7.5057.8%16.6%57.9%0.0%57.4%-1.1%22.6%122.9K-3.3M-33.0K0.0125.33N/AN/A324240,6526,906
2021-10-15$8.47$7.5058.7%16.8%57.8%0.0%57.4%5.6%13.4%119.8K-3.1M-33.4K0.0756.96N/AN/A2872140,7156,947
2021-10-18$8.56$7.5054.9%15.7%43.7%0.0%58.9%-2.0%5.3%117.8K-3.4M-32.0K0.0624.40N/AN/A1911134,4506,725
2021-10-19$8.45$7.5057.3%16.4%41.2%0.0%57.4%-1.4%-22.9%116.2K-3.1M-31.6K0.0628.26N/AN/A3201834,5386,729
2021-10-20$8.27$7.5057.2%16.4%40.8%0.0%58.2%-2.5%-2.2%112.5K-2.7M-30.6K0.3638.73N/AN/A38813934,7596,754
2021-10-21$8.15$7.5057.9%16.6%39.9%0.0%51.3%5.7%4.4%104.8K-2.1M-29.4K1.2023.97N/AN/A40648634,8236,771
2021-10-22$8.07$7.5055.9%16.0%39.7%0.0%56.8%-5.5%3.3%103.6K-2.1M-29.9K0.9147.88N/AN/A32729734,8906,983
2021-10-25$8.12$7.5057.7%16.5%39.8%0.0%61.5%-7.1%9.5%106.3K-2.3M-28.6K0.0624.60N/AN/A5,20229134,9456,985
2021-10-26$7.98$7.5059.9%17.2%38.7%0.0%61.0%-14.4%-0.9%126.5K-2.2M-29.4K0.2735.52N/AN/A1,10229337,3997,003
2021-10-27$7.70$7.5063.3%18.1%31.3%0.0%67.3%33.2%-5.9%124.1K-1.6M-28.7K0.3053.77N/AN/A1,18335537,8997,196
2021-10-28$7.64$7.5058.5%16.8%31.0%0.0%58.8%28.9%5.7%120.7K-975.4K-26.8K0.2029.24N/AN/A1,59431438,1837,269
2021-10-29$7.56$7.5062.3%17.9%28.8%0.0%62.5%-11.3%4.0%131.0K-1.3M-27.5K0.1625.75N/AN/A1,92431039,0957,288