PAYO Options History — June 2022

In June 2022, PAYO traded between $3.81 and $5.38. ATM implied volatility averaged 92.9%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 25.6%. IV traded below realized volatility by 1.2% (HV 20d: 94.1%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.30.

Notable Days

  • 2022-06-22: Highest Volume — 3,069 contracts
  • 2022-06-27: Largest IV spike — 84.5% change
  • 2022-06-27: Highest IV Rank — 42.9%
  • 2022-06-27: Largest Expected Move — 38.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.45$3.81$5.38$5.18$3.87
Max Pain$4.57$4.00$5.00$5.00$4.00
ATM IV92.9%72.1%134.0%87.3%80.8%
Expected Move25.6%20.7%38.4%25.0%23.2%
HV 20d94.1%71.3%128.1%128.0%71.3%
HV 60d91.5%89.3%93.7%89.8%91.8%
IV Rank23.6%13.8%42.9%21.0%17.9%
IV Percentile80.5%54.2%99.6%83.3%66.5%
Term Structure2.1%-32.7%50.3%-2.2%1.9%
VWIV84.3%53.0%130.3%85.2%88.5%
Skew 25d20.0%-15.6%99.9%10.0%-15.6%
Skew 10d30.9%-25.0%127.5%11.8%6.2%
Call IV 25d83.5%57.9%192.5%78.8%94.9%
Put IV 25d103.4%64.4%265.6%88.8%79.2%
Bid-Ask Spread %81.2654.55123.1782.9658.26
Gamma HHI0.430.380.490.400.42
Net GEX19.7K13.8K29.2K20.4K16.0K
Net DEX-995.6K-1.4M-345.3K-1.2M-627.4K
Net VEX-10.8K-13.4K-5.8K-11.7K-8.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.061.281.281.06
Total Volume1,958.3333863,069447431
Total OI10,561.7148,59311,3978,59311,352

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-06-01$5.18$5.0087.3%25.0%128.0%21.0%85.2%10.0%-2.2%20.4K-1.2M-11.7K1.2882.96N/AN/A1962517,4551,138
2022-06-02$5.38$5.0091.4%24.2%128.1%22.9%82.2%11.0%-2.9%21.3K-1.4M-12.3K0.5879.48N/AN/A2961717,4761,150
2022-06-03$5.19$5.0091.9%20.8%126.4%23.1%72.7%1.7%5.8%21.7K-1.2M-11.6K0.5980.31N/AN/A2921717,5181,144
2022-06-06$5.25$5.0096.3%20.8%125.1%25.2%72.4%1.7%16.1%21.3K-1.4M-12.3K0.5489.75N/AN/A2961607,5371,144
2022-06-07$5.01$5.00101.8%21.1%124.6%27.8%75.5%-1.1%5.0%19.8K-1.2M-11.3K0.7276.98N/AN/A2241627,5561,144
2022-06-08$5.12$5.0072.1%20.7%118.0%13.8%75.2%-2.0%13.0%19.5K-1.2M-11.6K0.0694.20N/AN/A2,9001627,5541,146
2022-06-09$4.68$5.0075.9%21.8%122.5%15.6%92.4%0.6%-24.1%29.2K-1.4M-13.4K0.0671.88N/AN/A2,84216210,2201,146
2022-06-10$4.45$5.0081.0%23.2%124.6%18.0%73.2%26.8%25.2%24.0K-1.2M-12.5K0.0679.64N/AN/A2,86016510,2211,146
2022-06-13$4.06$5.00108.3%31.0%73.2%30.8%99.5%15.2%-16.2%19.2K-1.1M-11.6K0.0697.52N/AN/A2,82216610,2341,149
2022-06-14$4.03$5.00107.8%30.9%72.6%30.6%113.4%-1.5%-13.4%17.2K-847.3K-10.6K0.06101.66N/AN/A2,82716410,2331,153
2022-06-15$4.11$5.0098.2%28.2%72.3%26.1%103.1%16.6%-20.4%18.9K-881.4K-10.8K0.0697.70N/AN/A2,82216310,2291,152
2022-06-16$3.81$5.0087.3%25.0%76.3%21.0%87.9%40.6%1.8%16.2K-760.3K-9.5K0.0664.57N/AN/A2,83616310,2311,152
2022-06-17$4.12$4.00133.2%38.2%80.6%42.5%53.0%99.9%50.3%13.8K-345.3K-5.8K0.09123.17N/AN/A2,81024110,2461,151
2022-06-21$4.26$4.0092.8%26.6%81.4%23.6%74.8%63.2%-3.5%20.8K-1.1M-11.5K0.0882.24N/AN/A2,81522510,0721,137
2022-06-22$4.20$4.0083.4%23.9%78.4%19.1%80.3%15.6%6.4%19.2K-823.4K-10.6K0.0875.98N/AN/A2,84422510,0791,137
2022-06-23$4.35$4.0080.2%23.0%76.6%17.6%73.2%30.0%8.8%20.9K-919.8K-11.0K0.1059.48N/AN/A2,17522510,1211,137
2022-06-24$4.26$4.0072.6%20.8%75.2%14.1%70.3%8.5%15.3%20.3K-1.1M-10.6K0.1054.55N/AN/A2,18522410,1231,137
2022-06-27$4.12$4.00134.0%38.4%74.2%42.9%130.3%73.1%-32.7%16.7K-774.7K-10.0K0.23101.77N/AN/A96522510,1341,140
2022-06-28$4.07$4.0092.8%26.6%73.2%23.6%87.8%17.2%-4.2%19.1K-744.6K-9.8K0.2568.88N/AN/A87922410,1131,140
2022-06-29$4.01$4.0081.8%23.5%73.1%18.4%79.8%8.3%13.8%18.2K-722.5K-9.8K0.2365.58N/AN/A94021910,1941,155
2022-06-30$3.87$4.0080.8%23.2%71.3%17.9%88.5%-15.6%1.9%16.0K-627.4K-8.8K1.0658.26N/AN/A20922210,1961,156