PAYO Options History — March 2022

In March 2022, PAYO traded between $3.92 and $4.77. ATM implied volatility averaged 86.7%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded above realized volatility by 3.0% (HV 20d: 83.7%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 5.90.

Notable Days

  • 2022-03-15: Highest Volume — 6,054 contracts
  • 2022-03-14: Largest IV spike — 32.0% change
  • 2022-03-02: Highest IV Rank — 80.5%
  • 2022-03-16: Largest Expected Move — 41.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.44$3.92$4.77$4.51$4.45
Max Pain$7.93$5.00$10.00$5.00$7.50
ATM IV86.7%62.8%112.8%102.8%77.2%
Expected Move28.2%23.9%41.3%29.5%24.1%
HV 20d83.7%69.5%91.8%71.6%80.1%
HV 60d70.7%64.2%73.8%65.9%72.9%
IV Rank50.5%23.2%80.5%69.0%39.6%
IV Percentile84.0%54.5%98.1%97.5%75.6%
Term Structure4.0%-43.9%38.3%-17.0%-8.1%
VWIV112.2%75.9%203.0%108.0%81.4%
Skew 25d16.9%-36.0%66.3%11.3%9.3%
Skew 10d18.5%-56.5%80.7%-14.5%17.4%
Call IV 25d95.3%63.4%172.1%89.4%75.5%
Put IV 25d112.2%80.0%180.9%100.7%84.8%
Bid-Ask Spread %58.2620.4396.9837.7870.36
Gamma HHI0.480.310.830.750.40
Net GEX26.3K8.4K67.1K46.6K21.2K
Net DEX-255.4K-754.1K265.3K-722.4K-473.9K
Net VEX-11.9K-13.5K-9.2K-12.0K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.901.2416.882.474.41
Total Volume4,179.5651,4186,0544,3861,418
Total OI17,704.95714,36721,15317,19114,367

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$4.51$5.00102.8%29.5%71.6%69.0%108.0%11.3%-17.0%46.6K-722.4K-12.0K2.4737.78N/AN/A1,2643,12211,5075,684
2022-03-02$4.55$5.00112.8%32.3%69.5%80.5%113.9%-33.6%-43.9%50.2K-754.1K-11.7K5.8649.16N/AN/A5323,11711,6345,685
2022-03-03$4.23$5.00110.3%31.6%73.0%77.6%137.3%17.7%20.3%36.2K-538.9K-12.0K3.6344.90N/AN/A9173,33211,7155,684
2022-03-04$3.92$5.00108.6%31.1%74.2%75.6%172.0%8.8%-0.1%8.4K265.3K-9.2K7.0739.07N/AN/A4713,33212,9295,901
2022-03-07$4.39$5.0094.4%27.1%86.0%59.3%100.4%-1.4%8.5%52.4K-547.5K-11.5K6.2170.03N/AN/A5643,50212,9525,902
2022-03-08$4.24$5.0081.8%35.4%86.3%44.9%148.1%-36.0%5.3%9.5K156.2K-10.3K8.9334.56N/AN/A3933,50913,1025,933
2022-03-09$4.37$5.0086.9%28.5%87.3%50.8%90.1%30.3%-1.1%67.1K-377.4K-11.3K1.8348.56N/AN/A1,9163,50913,0855,933
2022-03-10$4.37$5.0086.0%30.8%87.2%49.7%136.0%66.3%-1.6%56.7K-493.5K-11.8K2.0741.59N/AN/A1,6953,51014,2125,933
2022-03-11$4.21$5.0077.8%24.8%86.6%40.3%203.0%14.9%6.5%12.3K89.7K-11.1K1.2524.01N/AN/A2,6913,35414,2145,934
2022-03-14$3.97$10.00102.7%29.6%85.9%68.9%119.4%11.9%-0.2%12.1K74.2K-11.5K1.2465.07N/AN/A2,6983,35115,2095,936
2022-03-15$4.18$10.0087.3%25.6%88.5%51.2%115.1%9.8%-4.9%11.9K102.7K-11.3K1.2439.84N/AN/A2,7023,35215,2175,936
2022-03-16$4.56$10.00103.2%41.3%91.8%69.4%125.1%49.9%38.3%13.3K-258.7K-12.8K1.9273.99N/AN/A1,7413,35115,2065,937
2022-03-17$4.44$10.0086.6%25.0%91.3%50.4%117.9%36.9%-0.3%15.6K-324.1K-12.7K1.9450.52N/AN/A1,7283,35115,1965,938
2022-03-18$4.63$10.0088.1%28.9%88.8%52.1%96.2%59.4%12.0%20.4K73.7K-10.7K2.0372.99N/AN/A1,6543,35315,1965,939
2022-03-21$4.62$10.0077.5%23.9%87.9%39.9%103.5%26.8%-1.9%17.9K-406.1K-13.0K2.0081.98N/AN/A1,5743,1479,1445,646
2022-03-22$4.77$10.0089.8%24.5%88.5%54.0%90.2%35.6%-4.3%21.3K-460.6K-13.5K15.4375.79N/AN/A2043,1479,1445,671
2022-03-23$4.63$10.0072.4%26.8%88.9%34.1%101.5%27.1%15.9%20.2K-263.9K-13.2K11.0092.36N/AN/A2863,1479,1825,671
2022-03-24$4.56$10.0077.7%25.3%81.6%40.2%75.9%-15.6%3.8%19.9K-172.8K-12.4K15.5838.31N/AN/A2023,1479,2095,671
2022-03-25$4.40$10.0067.8%25.8%82.4%28.9%86.9%10.4%12.4%19.2K-130.2K-12.3K16.8896.98N/AN/A1863,1399,2225,671
2022-03-28$4.54$10.0072.8%26.8%83.3%34.5%91.7%8.9%13.6%21.0K-135.7K-11.8K12.6188.68N/AN/A2493,1399,2245,673
2022-03-29$4.77$10.0062.8%26.1%81.7%23.2%85.7%25.9%24.2%25.6K-313.2K-13.0K7.1382.93N/AN/A4423,1509,2965,673
2022-03-30$4.71$10.0066.0%24.7%81.9%26.7%81.1%13.5%14.2%26.6K-262.9K-13.0K2.9620.43N/AN/A3891,1539,4165,685
2022-03-31$4.45$7.5077.2%24.1%80.1%39.6%81.4%9.3%-8.1%21.2K-473.9K-12.3K4.4170.36N/AN/A2621,1569,4064,961