PAYO Options History — February 2022

In February 2022, PAYO traded between $4.34 and $5.38. ATM implied volatility averaged 85.1%, placing in the 50.2% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded above realized volatility by 13.4% (HV 20d: 71.7%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 3.59.

Notable Days

  • 2022-02-10: Highest Volume — 7,267 contracts
  • 2022-02-24: Largest IV spike — 53.2% change
  • 2022-02-24: Highest IV Rank — 100.0%
  • 2022-02-24: Largest Expected Move — 37.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.88$4.34$5.38$5.38$4.82
Max Pain$5.26$5.00$7.50$7.50$5.00
ATM IV85.1%54.5%129.8%76.2%104.7%
Expected Move24.5%15.6%37.2%21.8%30.0%
HV 20d71.7%65.7%82.3%65.7%79.5%
HV 60d62.6%58.9%66.3%65.0%64.8%
IV Rank50.2%14.2%100.0%40.0%71.2%
IV Percentile87.9%29.3%100.0%87.1%98.1%
Term Structure1.5%-47.6%72.2%1.2%-36.2%
VWIV88.4%60.0%128.7%80.6%105.9%
Skew 25d7.8%-31.4%58.7%-16.0%5.8%
Skew 10d15.1%-32.6%97.5%0.4%5.7%
Call IV 25d97.0%54.3%138.0%96.1%128.7%
Put IV 25d104.8%65.5%137.3%80.2%134.5%
Bid-Ask Spread %69.1026.33102.0832.8183.79
Gamma HHI0.600.300.850.350.85
Net GEX31.3K5.7K58.9K8.9K57.4K
Net DEX1.1M-864.8K2.4M2.2M-859.5K
Net VEX-10.5K-12.6K-6.8K-10.3K-12.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.590.779.362.462.17
Total Volume4,361.6323,4617,2674,1974,569
Total OI28,070.47416,08235,41829,75817,132

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$5.38$7.5076.2%21.8%65.7%40.0%80.6%-16.0%1.2%8.9K2.2M-10.3K2.4632.81N/AN/A1,2122,98520,6519,107
2022-02-02$5.24$7.5054.5%15.6%65.8%14.2%60.0%-31.4%13.8%8.8K2.2M-10.1K2.6948.40N/AN/A1,1092,98520,7679,108
2022-02-03$4.91$5.0064.9%22.8%67.9%26.5%79.9%58.7%32.0%9.1K2.2M-8.7K2.9766.56N/AN/A1,1093,29220,7629,108
2022-02-04$4.99$5.0073.6%21.8%68.9%36.9%75.6%38.4%1.5%8.7K2.2M-9.3K3.1577.41N/AN/A9993,15020,7629,090
2022-02-07$5.05$5.0086.0%23.1%69.5%51.7%93.7%4.4%-12.3%8.4K2.2M-9.0K3.0760.36N/AN/A1,0253,15020,8099,090
2022-02-08$5.05$5.0078.8%21.7%69.6%43.1%62.4%30.4%1.6%5.7K2.4M-6.8K3.0369.51N/AN/A1,0373,14620,7579,090
2022-02-09$5.09$5.0066.2%19.0%66.2%28.1%70.6%16.3%5.9%9.1K2.1M-9.8K1.4126.33N/AN/A2,2353,15420,7639,092
2022-02-10$5.25$5.0076.5%21.9%68.1%40.4%77.0%-0.7%2.5%21.3K1.8M-10.4K0.7773.11N/AN/A4,1133,15422,2559,099
2022-02-11$4.91$5.0071.3%20.4%69.9%34.1%75.3%7.7%9.7%49.9K874.8K-12.2K4.0882.75N/AN/A7733,15425,6599,099
2022-02-14$4.80$5.0088.0%25.2%69.7%54.1%107.7%3.1%0.3%44.4K1.0M-11.8K4.6756.43N/AN/A6543,05225,8059,099
2022-02-15$5.09$5.0076.8%22.0%71.1%40.8%78.0%1.7%1.1%58.9K891.6K-11.5K4.3672.91N/AN/A7563,29725,8069,119
2022-02-16$4.89$5.0088.4%25.3%71.0%54.5%88.6%-9.2%-5.7%47.2K1.0M-11.8K2.6177.38N/AN/A1,2613,29725,8569,240
2022-02-17$4.54$5.0085.9%24.6%74.2%51.6%87.0%17.8%72.2%45.5K963.3K-11.2K4.6171.35N/AN/A7143,28826,4468,972
2022-02-18$4.39$5.0095.8%27.5%74.6%63.4%97.3%-7.4%-15.9%37.1K1.3M-10.3K3.1976.22N/AN/A1,0103,22326,4148,972
2022-02-22$4.43$5.00117.0%33.5%74.8%88.7%114.2%22.0%22.9%38.5K-231.1K-10.8K9.14102.08N/AN/A3423,12710,3995,683
2022-02-23$4.34$5.0084.8%24.3%74.0%50.2%84.7%4.0%-7.2%40.6K-129.3K-10.0K9.3659.44N/AN/A3343,12710,4135,683
2022-02-24$4.79$5.00129.8%37.2%82.3%100.0%128.7%-1.6%-47.6%43.9K-669.8K-11.2K2.4495.76N/AN/A1,2843,12710,4165,683
2022-02-25$4.78$5.0098.4%28.2%79.5%64.0%111.5%3.6%-11.6%50.8K-864.8K-12.6K2.0980.37N/AN/A1,4993,12811,4505,683
2022-02-28$4.82$5.00104.7%30.0%79.5%71.2%105.9%5.8%-36.2%57.4K-859.5K-12.2K2.1783.79N/AN/A1,4413,12811,4485,684