PAYO Options History — August 2022

In August 2022, PAYO traded between $5.25 and $6.91. ATM implied volatility averaged 89.2%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded above realized volatility by 21.1% (HV 20d: 68.1%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.40.

Notable Days

  • 2022-08-10: Highest Volume — 11,597 contracts
  • 2022-08-10: Largest IV drop — 14.0% change
  • 2022-08-09: Highest IV Rank — 30.3%
  • 2022-08-01: Largest Expected Move — 29.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.17$5.25$6.91$5.25$6.57
Max Pain$5.39$4.00$6.00$5.00$6.00
ATM IV89.2%76.5%107.2%101.0%80.2%
Expected Move24.5%20.4%29.0%29.0%23.0%
HV 20d68.1%53.3%77.6%71.8%76.7%
HV 60d79.0%66.9%94.6%94.6%74.4%
IV Rank21.8%15.9%30.3%27.4%17.6%
IV Percentile70.4%43.7%92.1%88.5%50.0%
Term Structure3.3%-29.5%173.1%-17.3%0.5%
VWIV86.4%57.4%108.1%97.2%76.6%
Skew 25d2.6%-17.3%27.9%14.6%6.3%
Skew 10d3.6%-28.2%39.8%7.4%2.8%
Call IV 25d87.2%71.6%111.2%91.6%83.2%
Put IV 25d89.7%69.5%113.9%106.2%89.5%
Bid-Ask Spread %70.5338.17109.5838.1766.29
Gamma HHI0.330.240.510.440.24
Net GEX53.7K36.2K122.9K36.2K50.8K
Net DEX-5.4M-12.2M-1.8M-1.9M-3.8M
Net VEX-17.8K-20.4K-12.7K-13.3K-19.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.004.090.780.22
Total Volume1,662.3044111,5975652,476
Total OI17,263.47811,89828,90711,89813,447

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$5.25$5.00101.0%29.0%71.8%27.4%97.2%14.6%-17.3%36.2K-1.9M-13.3K0.7838.17N/AN/A31724810,913985
2022-08-02$5.37$5.0091.4%26.2%65.2%22.9%90.1%3.1%-14.8%37.4K-1.8M-12.7K0.8650.32N/AN/A28724810,931996
2022-08-03$5.52$5.0096.6%27.7%65.5%25.3%108.1%2.6%-12.7%40.4K-2.2M-14.1K0.7145.05N/AN/A34824810,938996
2022-08-04$5.65$4.0090.8%22.5%65.4%22.6%81.6%27.9%-2.3%40.9K-2.2M-13.8K0.7299.51N/AN/A34825010,979996
2022-08-05$5.58$4.00100.4%23.5%65.5%27.1%82.5%7.2%-3.6%40.4K-2.2M-14.0K0.1486.44N/AN/A1,79725110,981996
2022-08-08$5.60$6.00100.9%23.8%62.0%27.4%83.2%13.5%-1.9%46.4K-2.6M-16.1K0.1376.23N/AN/A1,96826112,4291,007
2022-08-09$5.49$6.00107.2%20.4%63.0%30.3%0.0%1.6%15.2%46.3K-2.6M-15.9K0.00109.58N/AN/A102012,6401,018
2022-08-10$5.65$6.0092.2%26.4%62.7%23.3%93.9%12.6%-10.9%45.3K-2.7M-16.0K0.01101.62N/AN/A11,5247312,5631,018
2022-08-11$5.63$6.0092.5%26.5%53.3%23.4%98.5%13.2%-6.6%122.9K-7.3M-19.5K0.0692.19N/AN/A8595123,5211,056
2022-08-12$6.69$5.0088.4%25.3%68.4%21.5%90.8%8.8%-0.0%105.8K-11.8M-20.4K0.2557.66N/AN/A8,0772,01724,1451,089
2022-08-15$6.88$5.0091.7%26.3%66.0%23.0%92.9%8.3%-8.3%69.9K-12.2M-20.2K0.0883.86N/AN/A1,88014225,2902,986
2022-08-16$6.91$5.0082.1%23.5%65.8%18.5%85.7%1.9%0.0%90.8K-12.0M-18.9K0.2367.05N/AN/A2,01045624,4772,932
2022-08-17$6.76$5.0091.5%26.2%66.8%23.0%90.7%-13.4%-4.5%46.7K-11.7M-19.7K0.1168.12N/AN/A1581825,6032,736
2022-08-18$6.70$5.0086.9%24.9%66.8%20.8%82.1%-0.2%173.1%48.6K-11.7M-19.8K0.0558.22N/AN/A5592625,6672,741
2022-08-19$6.39$5.0084.1%24.1%69.8%19.5%57.4%-7.1%-26.1%47.3K-10.9M-20.1K0.0540.97N/AN/A121626,1642,743
2022-08-22$6.30$5.0077.7%22.3%69.7%16.4%87.9%-1.3%6.4%42.9K-3.4M-19.6K0.2065.32N/AN/A2064211,8691,197
2022-08-23$6.26$6.0083.7%24.0%69.0%19.3%85.7%-0.9%-1.1%45.8K-3.3M-19.4K0.2744.82N/AN/A521411,8171,224
2022-08-24$6.52$6.0081.1%23.3%70.0%18.1%90.1%3.8%4.0%46.7K-3.5M-19.7K0.0563.18N/AN/A40211,8031,214
2022-08-25$6.83$6.0083.1%23.8%71.1%19.0%88.9%-2.8%-4.7%48.3K-3.9M-20.1K0.0058.20N/AN/A480011,8281,215
2022-08-26$6.33$6.0076.5%21.9%77.6%15.9%83.4%-17.3%13.3%48.2K-3.5M-19.4K0.0374.50N/AN/A65212,0051,215
2022-08-29$6.40$6.0086.8%24.9%76.9%20.7%67.9%-10.9%6.8%48.9K-3.4M-19.2K4.0981.83N/AN/A3213112,0581,217
2022-08-30$6.56$6.0084.0%24.1%76.9%19.4%85.0%-12.5%-29.5%37.9K-3.6M-17.4K0.0893.02N/AN/A38312,0671,348
2022-08-31$6.57$6.0080.2%23.0%76.7%17.6%76.6%6.3%0.5%50.8K-3.8M-19.8K0.2266.29N/AN/A2,03544112,0981,349