PAYO Options History — May 2022

In May 2022, PAYO traded between $3.46 and $5.08. ATM implied volatility averaged 98.0%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 25.3%. IV traded below realized volatility by 5.6% (HV 20d: 103.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.48.

Notable Days

  • 2022-05-13: Highest Volume — 1,697 contracts
  • 2022-05-10: Largest IV spike — 116.0% change
  • 2022-05-10: Highest IV Rank — 100.0%
  • 2022-05-10: Largest Expected Move — 34.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.49$3.46$5.08$4.43$4.99
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV98.0%74.6%255.5%90.5%81.5%
Expected Move25.3%20.9%34.7%25.9%23.4%
HV 20d103.6%63.7%132.4%67.7%127.5%
HV 60d85.7%71.9%96.4%72.0%92.4%
IV Rank36.3%15.0%100.0%54.8%18.3%
IV Percentile83.6%61.1%100.0%90.5%72.4%
Term Structure-6.7%-53.9%8.7%-8.4%-13.1%
VWIV85.2%54.1%103.1%93.4%79.4%
Skew 25d0.1%-52.1%45.3%-7.8%24.0%
Skew 10d13.6%-80.8%76.2%0.5%20.5%
Call IV 25d101.8%45.1%305.5%94.7%53.0%
Put IV 25d102.0%72.0%253.3%86.9%77.0%
Bid-Ask Spread %55.6121.62109.9921.6286.83
Gamma HHI0.430.360.530.440.41
Net GEX18.3K8.5K33.6K18.3K18.5K
Net DEX-611.5K-1.3M25.1K-258.0K-1.3M
Net VEX-10.3K-11.7K-7.2K-10.2K-11.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.842.151.371.35
Total Volume669.4764201,697723420
Total OI12,349.818,43114,07313,9038,593

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$4.43$5.0090.5%25.9%67.7%54.8%93.4%-7.8%-8.4%18.3K-258.0K-10.2K1.3721.62N/AN/A3054189,0544,849
2022-05-03$4.48$5.0094.0%27.0%63.7%58.9%103.1%-3.6%-7.5%19.4K-422.2K-10.9K1.6921.88N/AN/A2484189,0604,850
2022-05-04$4.64$5.0091.3%26.2%64.8%55.8%102.8%3.5%-12.5%21.1K-432.9K-11.1K1.7031.66N/AN/A2464189,0664,850
2022-05-05$4.35$5.0085.4%23.6%67.4%49.0%82.5%9.7%-6.2%20.4K-405.0K-10.5K1.8467.75N/AN/A2274189,0694,850
2022-05-06$4.18$5.0096.9%22.0%68.7%62.2%76.8%-21.5%-1.6%16.2K-378.2K-10.2K2.0687.56N/AN/A2274689,0724,850
2022-05-09$3.96$5.00118.3%20.9%70.1%86.7%72.9%-41.2%6.1%11.1K-87.0K-8.8K1.9252.57N/AN/A2424659,0724,895
2022-05-10$3.60$5.00255.5%34.7%76.4%100.0%103.1%-52.1%-53.9%9.2K-40.9K-7.4K1.88109.99N/AN/A2484679,0914,946
2022-05-11$3.46$5.00106.4%30.5%76.7%29.9%54.1%-7.0%-28.0%8.6K25.1K-7.4K1.5969.42N/AN/A2834519,1284,945
2022-05-12$3.54$5.00107.8%30.9%74.8%30.6%84.2%1.2%-17.0%8.5K-81.2K-7.2K1.8469.62N/AN/A2725009,1294,505
2022-05-13$4.75$5.0093.9%26.9%132.4%24.1%94.5%22.6%6.4%24.6K-842.9K-11.7K1.4576.69N/AN/A6941,0039,1314,608
2022-05-16$4.60$5.0090.2%25.9%131.6%22.3%89.9%10.9%-0.5%24.9K-737.1K-11.2K1.2059.85N/AN/A2993589,2804,570
2022-05-17$4.72$5.0082.3%23.6%129.3%18.6%82.6%-13.3%2.8%29.7K-712.5K-10.7K1.3025.33N/AN/A2653449,2384,567
2022-05-18$4.63$5.0084.3%24.2%126.9%19.5%86.0%-15.5%-3.1%16.1K-517.9K-10.7K1.5833.58N/AN/A2193459,2454,563
2022-05-19$4.82$5.0082.9%23.8%126.8%18.9%83.1%2.6%8.7%33.6K-815.0K-11.5K1.1031.63N/AN/A3243579,2384,556
2022-05-20$4.67$5.0086.1%24.7%127.1%20.4%87.2%-19.9%-3.1%16.1K-569.4K-10.1K2.1527.84N/AN/A2304959,2904,555
2022-05-23$4.93$5.0074.6%21.4%127.4%15.0%74.7%-4.0%5.0%17.1K-1.1M-11.0K0.8437.62N/AN/A2862417,2891,142
2022-05-24$4.61$5.0079.5%22.8%129.0%17.3%81.4%9.1%-6.9%17.2K-941.1K-10.7K1.0348.77N/AN/A2312397,3891,143
2022-05-25$4.79$5.0081.7%23.4%129.5%18.3%88.3%45.3%-4.1%15.8K-1.0M-10.7K0.9280.12N/AN/A2612397,4051,136
2022-05-26$4.96$5.0093.8%26.9%129.1%24.0%93.4%29.8%-6.5%18.1K-1.1M-11.5K1.0670.17N/AN/A2262397,4031,136
2022-05-27$5.08$5.0080.3%23.0%128.1%17.7%76.0%29.9%3.0%19.4K-1.2M-11.5K1.3057.40N/AN/A1842397,4521,136
2022-05-31$4.99$5.0081.5%23.4%127.5%18.3%79.4%24.0%-13.1%18.5K-1.3M-11.7K1.3586.83N/AN/A1792417,4571,136