PAYO Options History — December 2021

In December 2021, PAYO traded between $6.15 and $7.50. ATM implied volatility averaged 68.0%. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 5.7% (HV 20d: 62.3%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.02.

Notable Days

  • 2021-12-22: Highest Volume — 1,315 contracts
  • 2021-12-15: Largest IV drop — 41.2% change
  • 2021-12-03: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.75$6.15$7.50$7.49$7.38
Max Pain$8.64$7.50$10.00$7.50$7.50
ATM IV68.0%47.6%126.5%55.8%65.7%
Expected Move17.0%13.2%25.5%16.0%18.8%
HV 20d62.3%52.1%76.7%66.3%64.1%
HV 60d56.0%53.7%58.7%55.6%56.3%
Term Structure1.7%-22.2%12.2%7.5%-1.8%
VWIV66.3%49.7%89.9%59.0%65.7%
Skew 25d9.0%-22.4%57.5%-22.4%57.5%
Skew 10d18.5%-30.4%89.1%-30.4%89.1%
Call IV 25d61.6%49.9%81.2%81.2%56.2%
Put IV 25d70.6%43.7%113.7%58.8%113.7%
Bid-Ask Spread %47.7922.2696.8327.8326.18
Gamma HHI0.460.380.550.410.39
Net GEX-14.0K-35.5K-4.7K-16.6K-4.7K
Net DEX2.2M622.2K3.4M622.2K824.9K
Net VEX-18.7K-27.3K-13.6K-27.3K-20.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.403.710.620.95
Total Volume7223481,315906461
Total OI29,090.31827,19230,11129,63928,287

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$7.49$7.5055.8%16.0%66.3%0.0%59.0%-22.4%7.5%-16.6K622.2K-27.3K0.6227.83N/AN/A55834820,5619,078
2021-12-02$7.50$7.5065.8%18.9%66.0%0.0%66.1%55.0%3.0%-14.8K1.0M-26.5K1.7561.82N/AN/A38667720,5669,155
2021-12-03$6.91$7.5088.8%25.5%71.8%0.0%88.5%7.9%-22.2%-7.6K1.6M-24.6K0.5548.80N/AN/A40021920,5709,159
2021-12-06$6.60$10.0077.1%19.2%73.1%0.0%69.3%9.3%1.9%-19.2K2.6M-19.1K0.4496.83N/AN/A52022720,5849,275
2021-12-07$6.84$10.0065.1%17.1%74.4%0.0%62.1%12.6%11.1%-21.8K2.0M-22.4K0.7953.70N/AN/A39831620,6839,284
2021-12-08$7.06$10.0063.9%17.5%75.4%0.0%64.0%-17.9%1.1%-35.5K2.3M-21.2K1.0339.83N/AN/A30331120,7149,308
2021-12-09$6.76$10.0070.0%15.1%76.7%0.0%59.1%-6.9%5.0%-31.2K2.1M-20.4K0.8029.59N/AN/A38931120,7329,334
2021-12-10$6.51$10.0088.7%15.6%57.3%0.0%70.0%-10.9%5.0%-21.2K2.5M-19.4K1.1124.75N/AN/A27730720,7129,334
2021-12-13$6.46$10.0098.5%15.3%55.1%0.0%63.5%-15.0%6.3%-8.0K3.4M-15.9K0.9347.27N/AN/A29627520,7549,333
2021-12-14$6.19$10.00126.5%13.2%52.1%0.0%54.8%-15.6%-6.8%-6.9K3.4M-14.9K1.1969.24N/AN/A30936820,7769,335
2021-12-15$6.34$10.0074.4%21.3%53.3%0.0%75.4%2.1%-2.9%-6.1K3.0M-15.5K1.6674.28N/AN/A22937920,8528,749
2021-12-16$6.27$10.0056.4%16.2%52.8%0.0%61.9%-5.5%12.2%-6.6K2.7M-16.5K1.2368.48N/AN/A23929320,8748,747
2021-12-17$6.46$10.0060.1%17.2%54.5%0.0%61.9%-9.7%2.8%-10.1K3.0M-15.9K0.5283.94N/AN/A33317220,8848,749
2021-12-20$6.15$7.5055.8%16.0%55.2%0.0%61.0%-16.6%-8.6%-8.8K2.7M-13.6K0.4622.26N/AN/A26812219,4167,776
2021-12-21$6.44$7.5064.4%18.5%58.2%0.0%69.4%-17.5%-0.6%-9.6K2.5M-15.0K0.7329.29N/AN/A75655519,4707,791
2021-12-22$6.48$7.5047.6%13.6%56.3%0.0%89.9%-7.4%5.4%-12.7K2.7M-14.8K0.4038.64N/AN/A94037519,7867,944
2021-12-23$6.91$7.5058.8%16.9%61.6%0.0%69.2%40.1%-4.2%-14.2K2.1M-17.3K0.5937.87N/AN/A63737420,2038,007
2021-12-27$7.04$7.5059.7%17.1%62.3%0.0%63.9%50.7%1.8%-11.3K1.7M-18.5K1.2131.74N/AN/A30937420,2798,007
2021-12-28$6.88$7.5050.9%14.6%62.0%0.0%74.7%4.4%8.6%-13.9K1.7M-18.1K3.7131.45N/AN/A23587220,3698,007
2021-12-29$6.80$7.5048.7%14.0%60.1%0.0%49.7%50.3%10.6%-14.2K2.1M-16.6K0.9949.86N/AN/A17517320,3347,982
2021-12-30$7.13$7.5053.4%15.3%62.8%0.0%59.0%52.8%2.2%-13.0K1.6M-18.0K0.7157.62N/AN/A24517320,3367,891
2021-12-31$7.38$7.5065.7%18.8%64.1%0.0%65.7%57.5%-1.8%-4.7K824.9K-20.1K0.9526.18N/AN/A23722420,3967,891