PAYO Options History — July 2022

In July 2022, PAYO traded between $3.99 and $5.56. ATM implied volatility averaged 102.6%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded above realized volatility by 27.0% (HV 20d: 75.5%). Max pain ranged from $4.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.55.

Notable Days

  • 2022-07-15: Highest Volume — 1,595 contracts
  • 2022-07-11: Largest IV spike — 54.7% change
  • 2022-07-12: Highest IV Rank — 57.9%
  • 2022-07-07: Largest Expected Move — 34.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.00$3.99$5.56$3.99$5.35
Max Pain$5.20$4.00$7.50$4.00$5.00
ATM IV102.6%82.5%166.0%100.8%100.9%
Expected Move26.8%23.4%34.3%28.9%28.9%
HV 20d75.5%65.0%83.6%70.6%71.0%
HV 60d95.0%92.0%97.6%92.0%94.7%
IV Rank28.1%18.7%57.9%27.3%27.3%
IV Percentile85.5%68.7%99.6%90.9%88.1%
Term Structure-4.3%-23.7%26.1%-8.4%-11.8%
VWIV91.9%80.2%109.3%109.3%91.4%
Skew 25d16.7%-10.9%115.6%115.6%-1.6%
Skew 10d20.8%-36.8%168.1%168.1%-31.4%
Call IV 25d88.6%59.7%99.2%83.2%95.3%
Put IV 25d105.4%82.5%198.8%198.8%93.7%
Bid-Ask Spread %63.1234.68100.4374.5975.60
Gamma HHI0.460.410.520.410.45
Net GEX29.4K17.1K39.3K17.1K37.8K
Net DEX-1.6M-2.3M-600.7K-600.7K-2.0M
Net VEX-12.6K-15.0K-9.0K-9.0K-13.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.181.001.000.70
Total Volume809.64441,595444587
Total OI11,466.710,93011,89911,34511,899

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$3.99$4.00100.8%28.9%70.6%27.3%109.3%115.6%-8.4%17.1K-600.7K-9.0K1.0074.59N/AN/A22222210,1901,155
2022-07-05$4.39$7.50102.1%23.4%80.2%27.9%80.2%52.4%21.6%19.1K-859.3K-10.3K0.4572.21N/AN/A50522710,1901,155
2022-07-06$4.43$7.50117.5%23.5%80.1%35.2%86.7%24.2%11.0%20.0K-804.4K-10.0K0.4679.31N/AN/A50723110,0701,161
2022-07-07$4.55$5.00132.8%34.3%79.7%42.4%97.2%74.0%-5.0%20.6K-1.0M-10.7K0.46100.43N/AN/A49723110,071953
2022-07-08$4.68$5.0089.4%26.1%80.0%22.0%93.1%19.7%-11.5%23.4K-1.1M-10.8K0.4766.41N/AN/A51224110,080953
2022-07-11$4.46$5.00138.4%28.6%75.4%45.0%93.1%-2.8%-23.7%23.2K-1.0M-10.4K0.4766.33N/AN/A51123810,090963
2022-07-12$4.48$5.00166.0%25.2%73.2%57.9%90.5%-9.1%-9.5%21.8K-1.2M-11.5K0.4859.65N/AN/A50023810,091964
2022-07-13$4.42$5.00100.9%28.9%65.0%27.4%96.1%5.1%-10.5%20.5K-1.0M-10.6K0.3879.73N/AN/A62323810,091964
2022-07-14$4.89$5.0088.1%25.2%73.3%21.3%90.4%0.1%26.1%25.4K-1.2M-11.0K0.1865.28N/AN/A1,3032349,966964
2022-07-15$5.53$5.00102.8%29.5%83.6%28.3%95.2%10.2%1.8%33.4K-2.1M-14.2K0.3946.42N/AN/A1,14644910,357964
2022-07-18$5.31$5.0084.8%24.3%79.4%19.8%86.3%-10.9%-8.5%34.1K-2.0M-14.1K0.3774.37N/AN/A79729510,4641,114
2022-07-19$5.46$5.0092.8%26.6%76.1%23.5%93.0%11.3%-17.8%33.3K-2.0M-14.1K0.4254.86N/AN/A63326310,5321,148
2022-07-20$5.56$5.0082.5%23.6%75.8%18.7%86.7%13.0%0.3%35.0K-2.2M-14.7K0.9561.47N/AN/A49947310,5931,153
2022-07-21$5.50$5.0092.2%26.4%75.7%23.3%86.2%13.9%-0.7%36.6K-2.3M-15.0K0.6266.84N/AN/A42626310,756991
2022-07-22$5.53$5.0084.8%24.3%75.3%19.8%103.6%2.9%-10.0%38.7K-2.2M-14.8K0.7948.71N/AN/A33326310,834990
2022-07-25$5.44$5.0089.5%25.6%75.0%22.0%96.4%-8.4%0.9%39.3K-2.2M-14.5K0.6949.52N/AN/A34623910,844990
2022-07-26$5.32$5.0087.6%25.1%74.2%21.1%90.7%13.6%1.7%35.1K-2.0M-13.6K0.6145.14N/AN/A39223910,851991
2022-07-27$5.36$5.00101.1%29.0%73.7%27.5%88.1%17.8%-21.5%37.0K-2.0M-13.8K0.6240.76N/AN/A39024110,909989
2022-07-28$5.37$5.0096.4%27.6%73.1%25.3%84.0%-6.5%-9.7%37.4K-2.1M-14.2K0.6134.68N/AN/A39724110,909985
2022-07-29$5.35$5.00100.9%28.9%71.0%27.3%91.4%-1.6%-11.8%37.8K-2.0M-13.8K0.7075.60N/AN/A34624110,914985