PAYO Options History — January 2022

In January 2022, PAYO traded between $4.58 and $7.23. ATM implied volatility averaged 68.6%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 15.5% (HV 20d: 53.1%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.48.

Notable Days

  • 2022-01-24: Highest Volume — 4,317 contracts
  • 2022-01-18: Largest IV spike — 65.7% change
  • 2022-01-31: Highest IV Rank — 50.5%
  • 2022-01-31: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.95$4.58$7.23$7.23$5.16
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV68.6%49.1%87.6%53.0%85.0%
Expected Move18.9%14.1%24.4%15.2%24.4%
HV 20d53.1%43.9%62.2%57.2%62.2%
HV 60d58.4%55.9%64.3%56.1%64.3%
IV Rank33.8%7.7%50.5%14.9%50.5%
IV Percentile75.0%12.5%95.7%34.9%95.7%
Term Structure13.8%-82.4%328.2%8.7%-5.1%
VWIV69.5%51.5%87.4%51.5%78.5%
Skew 25d22.5%-34.5%278.9%0.8%68.7%
Skew 10d45.1%-36.5%382.5%7.0%113.1%
Call IV 25d66.3%53.1%86.2%53.1%64.7%
Put IV 25d88.8%45.7%346.6%53.9%133.4%
Bid-Ask Spread %41.0618.3570.1534.8653.38
Gamma HHI0.400.280.580.440.34
Net GEX-3.1K-19.8K7.8K-11.8K6.7K
Net DEX2.3M1.1M3.2M1.1M2.2M
Net VEX-11.8K-17.9K-7.1K-17.9K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.144.900.672.31
Total Volume2,071.35284,3175284,289
Total OI28,254.926,81129,53128,43029,253

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$7.23$7.5053.0%15.2%57.2%0.0%51.5%0.8%8.7%-11.8K1.1M-17.9K0.6734.86N/AN/A31621220,4977,933
2022-01-04$7.08$7.5052.1%14.9%55.0%0.0%57.6%-3.4%4.7%-14.8K1.6M-17.4K0.4253.59N/AN/A50021220,5627,934
2022-01-05$6.86$7.5054.0%15.5%55.0%0.0%59.2%-6.8%2.5%-14.9K1.8M-16.6K0.4431.37N/AN/A44619620,6427,934
2022-01-06$6.73$7.5057.6%16.0%54.1%0.0%56.6%8.1%5.1%-19.8K2.2M-14.9K1.6328.42N/AN/A1,3192,15420,6737,936
2022-01-07$6.64$7.5061.9%17.2%52.1%0.0%85.2%-17.9%1.3%-10.9K2.1M-14.1K0.1434.60N/AN/A1,32518119,9077,477
2022-01-10$6.49$7.5087.6%19.7%50.9%0.0%75.7%278.9%17.0%2.6K2.6M-12.8K0.2144.36N/AN/A89819019,9117,475
2022-01-11$6.82$7.5082.3%15.6%53.8%0.0%57.5%-6.5%7.1%-13.5K2.2M-14.0K0.2044.28N/AN/A89818020,0597,466
2022-01-12$6.76$7.5055.1%15.8%51.3%14.9%56.0%-9.3%10.4%-15.7K2.2M-13.8K0.2021.85N/AN/A91018520,0357,456
2022-01-13$6.46$7.5055.5%15.9%53.6%15.2%58.4%-11.4%16.3%-12.5K2.5M-12.7K0.2328.33N/AN/A94121420,0407,530
2022-01-14$6.27$7.5049.1%14.1%54.6%7.7%59.8%21.3%5.2%1.3K2.9M-10.9K0.2862.29N/AN/A94226120,0907,635
2022-01-18$5.86$7.5081.4%23.3%58.3%46.3%61.4%-34.5%-82.4%7.8K2.5M-11.7K0.2370.15N/AN/A93921220,0927,638
2022-01-19$5.62$7.5082.3%23.6%57.7%47.3%87.2%-16.0%-30.2%4.8K2.8M-10.1K0.2756.98N/AN/A95125820,2127,683
2022-01-20$5.41$7.5065.3%18.7%55.6%27.0%74.7%-6.5%328.2%4.2K2.9M-9.3K0.4344.82N/AN/A87437520,3657,859
2022-01-21$5.31$7.5063.8%18.3%55.4%25.2%67.5%-3.9%-15.7%7.3K3.2M-8.3K1.0339.00N/AN/A89692220,5008,066
2022-01-24$5.21$7.5078.1%22.4%48.0%42.3%87.4%36.6%4.9%6.8K2.3M-8.3K4.3728.02N/AN/A8043,51319,9316,880
2022-01-25$5.00$7.5080.9%23.2%47.3%45.6%86.4%53.9%-5.5%4.2K2.5M-9.1K3.8149.73N/AN/A7612,89619,9929,414
2022-01-26$4.85$7.5080.7%23.1%47.5%45.4%82.0%57.6%-2.9%2.2K2.4M-9.0K3.8350.65N/AN/A7602,90720,0139,414
2022-01-27$4.58$7.5077.5%22.2%49.4%41.6%78.0%20.5%1.6%2.1K2.4M-8.5K4.9018.35N/AN/A6553,21020,0399,492
2022-01-28$4.61$7.5068.4%19.6%43.9%30.7%68.8%19.0%4.8%2.1K2.3M-7.1K3.9726.16N/AN/A7502,97420,0409,023
2022-01-31$5.16$7.5085.0%24.4%62.2%50.5%78.5%68.7%-5.1%6.7K2.2M-9.2K2.3153.38N/AN/A1,2962,99320,1809,073