PAYO Options History — November 2021

In November 2021, PAYO traded between $7.49 and $9.25. ATM implied volatility averaged 56.8%. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 3.2% (HV 20d: 53.6%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2021-11-11: Highest Volume — 11,024 contracts
  • 2021-11-18: Largest IV spike — 42.2% change
  • 2021-11-08: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.14$7.49$9.25$8.05$7.61
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV56.8%45.8%67.8%50.2%61.1%
Expected Move16.3%13.1%18.7%14.4%17.5%
HV 20d53.6%32.6%69.1%37.0%66.5%
HV 60d56.4%51.2%60.1%52.8%60.1%
Term Structure3.3%-12.5%24.6%7.4%2.9%
VWIV61.3%49.9%76.0%50.6%65.5%
Skew 25d-2.5%-22.7%17.8%-21.1%-4.3%
Skew 10d16.1%-24.5%71.4%43.5%-7.2%
Call IV 25d70.0%54.4%126.8%71.4%78.7%
Put IV 25d67.5%50.2%104.1%50.2%74.4%
Bid-Ask Spread %45.3423.4879.3932.3634.58
Gamma HHI0.460.290.730.460.35
Net GEX163.0K126338.9K171.4K126
Net DEX-5.8M-14.4M684.4K-2.8M684.4K
Net VEX-31.3K-38.7K-24.6K-28.6K-24.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.043.870.043.87
Total Volume3,222.4291,10611,0247,3902,516
Total OI47,260.14327,57858,77545,98828,072

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$8.05$7.5050.2%14.4%37.0%0.0%50.6%-21.1%7.4%171.4K-2.8M-28.6K0.0432.36N/AN/A7,09729338,6687,320
2021-11-02$7.86$7.5056.4%16.2%37.7%0.0%57.4%11.6%7.8%251.3K-4.6M-31.3K0.0828.09N/AN/A3,45628743,8927,313
2021-11-03$7.72$7.5052.6%15.1%36.7%0.0%54.4%-15.6%7.4%296.6K-4.6M-30.7K0.1832.64N/AN/A1,56928645,2797,306
2021-11-04$7.76$7.5055.7%16.4%35.2%0.0%63.1%-7.6%-1.7%298.7K-5.0M-32.1K0.1079.39N/AN/A2,84428145,4577,307
2021-11-05$7.62$7.5058.6%17.1%35.3%0.0%62.3%-8.2%-2.4%324.1K-4.5M-31.0K0.1763.60N/AN/A1,68129146,6397,307
2021-11-08$7.71$7.5061.6%18.7%35.7%0.0%71.5%16.1%-7.2%338.9K-5.1M-30.4K0.1877.49N/AN/A1,60729346,9227,320
2021-11-09$7.55$7.5067.8%18.1%36.2%0.0%74.6%-9.8%-3.4%334.9K-4.2M-30.3K0.1170.21N/AN/A2,90231347,0517,322
2021-11-10$7.49$7.5061.8%17.7%32.6%0.0%76.0%-15.2%6.7%315.3K-4.4M-30.9K0.1423.48N/AN/A2,60537447,2167,328
2021-11-11$8.56$7.5060.9%17.5%59.4%0.0%61.7%-1.2%-0.4%287.5K-11.0M-35.1K0.4731.09N/AN/A7,5133,51147,9767,385
2021-11-12$8.81$7.5056.8%16.3%60.1%0.0%58.6%-3.6%1.2%229.9K-11.5M-38.0K1.2049.45N/AN/A1,9462,34147,74110,264
2021-11-15$9.15$7.5061.2%17.5%61.4%0.0%61.6%-4.2%-2.8%82.6K-13.6M-37.9K1.1235.85N/AN/A1,8642,09648,26410,410
2021-11-16$9.25$7.5055.1%15.8%61.2%0.0%56.4%1.0%3.8%223.6K-14.4M-38.7K0.3939.27N/AN/A1,89774748,25510,414
2021-11-17$8.90$7.5045.8%13.1%62.4%0.0%53.2%-2.2%2.8%78.0K-12.6M-35.4K0.3438.26N/AN/A2,09671048,23510,413
2021-11-18$8.53$7.5065.0%18.6%64.2%0.0%57.5%-3.5%-12.5%52.5K-10.6M-33.0K0.3859.06N/AN/A1,88172048,35910,416
2021-11-19$8.61$7.5056.1%16.1%64.1%0.0%49.9%1.3%4.3%58.6K-11.5M-34.0K0.2053.64N/AN/A3,57472248,3119,803
2021-11-22$8.21$7.5047.6%13.6%66.6%0.0%64.2%-22.7%14.3%27.0K-1.2M-27.8K0.6642.46N/AN/A1,01567020,1437,435
2021-11-23$7.78$7.5054.3%15.6%69.1%0.0%71.0%-5.7%1.8%14.6K-196.4K-27.1K0.9333.88N/AN/A71466620,2617,441
2021-11-24$7.90$7.5055.5%15.9%68.1%0.0%59.4%9.2%5.0%8.4K-16.4K-25.9K0.7324.39N/AN/A93568220,1527,444
2021-11-26$7.86$7.5058.1%16.6%68.0%0.0%61.3%16.0%10.2%11.3K-79.9K-26.5K0.7659.82N/AN/A89068020,3457,463
2021-11-29$7.99$7.5051.8%14.8%68.1%0.0%56.7%17.8%24.6%18.2K-475.4K-27.6K1.2343.09N/AN/A49760920,3407,474
2021-11-30$7.61$7.5061.1%17.5%66.5%0.0%65.5%-4.3%2.9%126684.4K-24.6K3.8734.58N/AN/A5171,99920,3587,714