PAYO Options History — September 2022

In September 2022, PAYO traded between $5.63 and $6.86. ATM implied volatility averaged 83.6%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 23.0%. IV traded above realized volatility by 21.7% (HV 20d: 61.9%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2022-09-27: Highest Volume — 3,400 contracts
  • 2022-09-13: Largest IV spike — 53.5% change
  • 2022-09-13: Highest IV Rank — 40.2%
  • 2022-09-13: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.20$5.63$6.86$6.61$6.09
Max Pain$5.76$5.00$6.00$6.00$6.00
ATM IV83.6%70.9%128.2%75.4%84.2%
Expected Move23.0%20.3%25.2%21.6%24.1%
HV 20d61.9%47.2%79.4%76.5%54.7%
HV 60d68.4%65.1%73.7%73.7%65.8%
IV Rank19.2%13.3%40.2%15.4%19.5%
IV Percentile53.6%32.1%97.2%40.9%59.1%
Term Structure6.2%-5.8%16.9%3.8%0.7%
VWIV78.8%58.4%91.3%77.3%82.9%
Skew 25d1.9%-23.4%19.2%15.3%-12.5%
Skew 10d32.1%-22.5%100.7%8.3%52.3%
Call IV 25d77.8%61.1%95.2%68.3%81.0%
Put IV 25d79.7%60.0%98.0%83.6%68.5%
Bid-Ask Spread %80.4551.33108.2870.1164.30
Gamma HHI0.220.190.260.250.22
Net GEX55.0K42.1K78.3K49.6K56.7K
Net DEX-3.2M-4.6M-2.4M-3.7M-2.7M
Net VEX-18.2K-21.3K-16.3K-19.7K-17.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.005.670.000.18
Total Volume1,374.143163,400162,279
Total OI14,972.61913,46716,32713,46715,558

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$6.61$6.0075.4%21.6%76.5%15.4%77.3%15.3%3.8%49.6K-3.7M-19.7K0.0070.11N/AN/A16012,1081,359
2022-09-02$6.66$6.0087.1%25.0%76.1%20.9%84.4%-23.4%-5.8%46.0K-3.9M-19.9K0.4382.92N/AN/A231012,1111,359
2022-09-06$6.34$5.00105.9%22.6%78.9%29.7%87.8%0.3%16.6%42.1K-3.5M-18.5K0.16108.28N/AN/A2,06532112,1181,368
2022-09-07$6.61$5.0076.9%25.2%79.2%16.1%81.1%-5.9%4.0%49.1K-3.5M-18.3K0.1589.94N/AN/A2,03631212,1221,378
2022-09-08$6.53$5.0095.2%23.0%79.2%24.7%80.4%16.5%10.2%50.4K-3.5M-18.7K0.0389.98N/AN/A40112,1801,386
2022-09-09$6.70$5.0075.4%22.1%79.4%15.4%74.1%-1.9%10.1%52.0K-3.8M-19.1K0.0087.32N/AN/A2,687612,2061,387
2022-09-12$6.86$5.0083.5%23.0%51.2%19.2%79.2%19.2%10.8%78.3K-4.6M-21.3K0.1579.83N/AN/A41614,8311,392
2022-09-13$6.25$6.00128.2%25.2%60.1%40.2%91.3%-1.7%2.2%61.5K-3.6M-19.5K0.1787.85N/AN/A1,90332514,8581,398
2022-09-14$6.36$6.0085.4%24.5%60.5%20.1%81.4%2.1%-3.6%63.5K-3.6M-19.4K5.67100.64N/AN/A63414,8931,411
2022-09-15$6.31$6.0083.2%23.9%60.2%19.0%77.5%-7.7%5.1%62.3K-3.5M-19.3K0.0294.44N/AN/A135314,8951,383
2022-09-16$6.14$6.0078.0%22.4%60.8%16.6%81.0%5.1%0.0%57.6K-3.2M-17.9K0.1851.33N/AN/A1,98935214,9411,386
2022-09-19$6.09$6.0075.5%21.7%58.6%15.4%83.9%-9.1%11.7%56.4K-2.9M-17.7K0.3071.97N/AN/A38111413,519872
2022-09-20$6.01$6.0078.9%22.6%58.6%17.0%80.4%13.6%5.5%59.6K-3.0M-17.9K5.6754.57N/AN/A63413,873976
2022-09-21$5.92$6.0080.8%23.2%58.8%17.9%81.4%-14.4%3.6%55.9K-2.7M-17.1K0.2194.68N/AN/A581213,8751,010
2022-09-22$5.88$6.0074.6%21.4%56.5%15.0%58.4%-1.0%11.4%53.4K-2.7M-17.0K0.0383.50N/AN/A2,2955813,9081,022
2022-09-23$5.76$6.0070.9%20.3%53.3%13.3%77.4%1.8%13.6%51.9K-2.5M-17.0K0.0362.76N/AN/A32114,3621,068
2022-09-26$5.63$6.0074.6%21.4%47.4%15.0%67.4%10.7%16.9%47.7K-2.4M-16.3K0.0888.94N/AN/A3,14325214,3921,069
2022-09-27$5.67$6.0081.3%23.3%47.2%18.2%67.5%7.9%2.9%51.7K-2.4M-16.3K0.0865.05N/AN/A3,14425614,3871,070
2022-09-28$6.01$6.0083.3%23.9%51.4%19.1%82.2%5.8%-5.1%57.2K-2.6M-17.2K0.1973.14N/AN/A1,88335514,3591,074
2022-09-29$5.84$6.0076.8%22.0%52.1%16.0%77.2%18.3%16.3%52.3K-2.7M-17.3K0.1987.87N/AN/A1,88835514,3871,174
2022-09-30$6.09$6.0084.2%24.1%54.7%19.5%82.9%-12.5%0.7%56.7K-2.7M-17.1K0.1864.30N/AN/A1,93034914,3831,175