PAYO Options History — April 2022

In April 2022, PAYO traded between $4.14 and $4.80. ATM implied volatility averaged 86.9%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 22.8% (HV 20d: 64.1%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.80.

Notable Days

  • 2022-04-04: Highest Volume — 1,558 contracts
  • 2022-04-11: Largest IV spike — 47.9% change
  • 2022-04-07: Highest IV Rank — 91.5%
  • 2022-04-13: Largest Expected Move — 26.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.43$4.14$4.80$4.51$4.22
Max Pain$7.13$5.00$7.50$7.50$5.00
ATM IV86.9%65.2%122.4%79.7%77.1%
Expected Move23.3%18.7%26.3%24.8%22.1%
HV 20d64.1%54.3%74.5%74.5%65.4%
HV 60d73.9%72.0%75.8%72.9%72.4%
IV Rank50.8%25.8%91.5%42.5%39.5%
IV Percentile80.8%56.0%98.9%80.1%68.5%
Term Structure-2.7%-12.5%10.9%-1.1%0.8%
VWIV90.3%76.6%108.5%84.5%108.5%
Skew 25d4.1%-24.5%53.4%10.6%-6.2%
Skew 10d13.1%-44.5%80.0%20.0%1.3%
Call IV 25d78.8%63.6%90.4%71.9%84.4%
Put IV 25d83.0%65.9%132.8%82.5%78.2%
Bid-Ask Spread %35.4816.7885.4316.7827.93
Gamma HHI0.420.360.470.400.43
Net GEX19.3K14.6K26.7K21.6K16.9K
Net DEX-371.5K-627.6K-217.7K-512.8K-336.6K
Net VEX-11.3K-12.6K-10.1K-12.5K-10.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.004.364.361.66
Total Volume806.261,5581,414751
Total OI14,198.5513,75614,65914,37513,900

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$4.51$7.5079.7%24.8%74.5%42.5%84.5%10.6%-1.1%21.6K-512.8K-12.5K4.3616.78N/AN/A2641,1509,4134,962
2022-04-04$4.80$7.5096.4%26.1%66.7%61.7%90.7%26.3%-11.4%26.6K-627.6K-12.6K2.8260.37N/AN/A4081,1509,4284,964
2022-04-05$4.71$7.5084.9%22.9%65.7%48.4%87.5%19.7%-0.5%26.7K-612.7K-12.6K1.9820.46N/AN/A2595149,5924,964
2022-04-06$4.53$7.5084.9%24.1%66.8%48.4%84.2%12.6%-3.6%24.0K-439.4K-12.1K1.9539.97N/AN/A2755379,6025,011
2022-04-07$4.50$7.50122.4%23.4%66.9%91.5%89.3%14.1%-5.4%24.1K-395.3K-11.7K1.5553.03N/AN/A3465379,5625,021
2022-04-08$4.34$7.5079.5%22.2%66.8%42.2%82.2%-1.7%5.8%14.6K-273.0K-11.1K1.7585.43N/AN/A2794899,6345,011
2022-04-11$4.43$7.50117.6%24.3%63.1%85.9%90.9%14.5%-0.3%16.7K-231.1K-10.8K1.8455.72N/AN/A2664899,6345,013
2022-04-12$4.47$7.50116.8%23.9%60.8%85.1%86.5%12.3%-4.8%17.7K-323.4K-11.6K1.7527.78N/AN/A2804899,6435,009
2022-04-13$4.68$7.5091.8%26.3%54.7%56.3%94.0%15.5%-9.0%20.2K-457.5K-12.2K1.6743.10N/AN/A2924899,6474,997
2022-04-14$4.59$7.5081.7%23.4%54.3%44.7%85.6%17.3%-2.0%19.7K-393.8K-11.9K1.5626.57N/AN/A3104859,6624,997
2022-04-18$4.37$7.5081.9%23.5%54.9%45.0%83.6%53.4%4.2%18.2K-326.3K-11.2K1.6532.78N/AN/A2884748,9074,849
2022-04-19$4.70$7.5085.8%24.6%61.2%49.5%87.6%5.6%-1.6%20.0K-565.7K-12.0K1.5221.92N/AN/A3124748,9104,850
2022-04-20$4.38$7.5065.2%18.7%64.9%25.8%76.6%-24.5%10.9%18.9K-421.4K-11.3K1.4843.74N/AN/A3154678,9184,850
2022-04-21$4.24$7.5073.0%20.9%65.1%34.9%85.5%-14.0%8.3%17.5K-248.9K-10.5K1.7227.93N/AN/A2714678,9334,854
2022-04-22$4.14$7.5077.1%22.1%65.4%39.6%99.9%-15.4%-7.4%15.9K-273.3K-10.4K1.6923.51N/AN/A2784698,9354,854
2022-04-25$4.34$7.5080.5%23.1%66.8%43.4%96.1%-16.1%-4.6%17.4K-227.8K-10.2K1.9723.60N/AN/A2384698,9354,860
2022-04-26$4.16$7.5079.5%22.8%67.2%42.3%105.4%-15.2%-12.5%15.7K-217.7K-10.2K1.5217.68N/AN/A3094698,9654,860
2022-04-27$4.19$5.0081.0%23.2%64.3%44.0%90.4%-15.7%-10.2%16.0K-273.6K-10.1K0.0020.27N/AN/A609,0634,849
2022-04-28$4.39$5.0081.9%23.5%67.0%45.0%97.6%-10.6%-9.0%18.1K-271.8K-10.3K1.6241.03N/AN/A2904699,0644,849
2022-04-29$4.22$5.0077.1%22.1%65.4%39.5%108.5%-6.2%0.8%16.9K-336.6K-10.5K1.6627.93N/AN/A2824699,0514,849