PAYO Options History — October 2022

In October 2022, PAYO traded between $6.27 and $7.85. ATM implied volatility averaged 88.0%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 25.4%. IV traded above realized volatility by 36.8% (HV 20d: 51.2%). 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 5 of 21 days. Put/call ratio averaged 0.19.

Notable Days

  • 2022-10-11: Highest Volume — 7,090 contracts
  • 2022-10-10: Largest IV spike — 14.0% change
  • 2022-10-24: Highest IV Rank — 23.9%
  • 2022-10-10: Largest Expected Move — 27.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.33$6.27$7.85$6.27$7.73
Max Pain$5.19$5.00$6.00$6.00$6.00
ATM IV88.0%75.2%95.8%76.0%92.2%
Expected Move25.4%21.6%27.6%21.8%26.4%
HV 20d51.2%46.4%59.6%55.8%48.0%
HV 60d61.1%58.8%66.2%65.8%60.9%
IV Rank20.3%14.8%23.9%15.6%22.1%
IV Percentile66.0%34.1%81.3%36.1%75.8%
Term Structure1.6%-15.8%130.3%17.4%-11.0%
VWIV95.6%71.6%224.5%72.3%71.6%
Skew 25d6.4%-6.7%21.3%-6.7%0.5%
Skew 10d18.2%-8.7%57.9%14.7%47.9%
Call IV 25d86.0%60.4%99.6%77.7%94.5%
Put IV 25d92.4%71.1%101.9%71.1%95.1%
Bid-Ask Spread %54.7228.2187.4555.7035.47
Gamma HHI0.330.190.470.210.47
Net GEX149.0K64.2K201.7K64.2K201.7K
Net DEX-7.2M-9.2M-3.1M-3.1M-8.7M
Net VEX-25.5K-29.6K-18.1K-18.1K-25.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.040.430.130.22
Total Volume2,004.197537,0902,225937
Total OI21,031.47615,60923,94915,60922,693

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-10-03$6.27$6.0076.0%21.8%55.8%15.6%72.3%-6.7%17.4%64.2K-3.1M-18.1K0.1355.70N/AN/A1,96925614,4331,176
2022-10-04$6.70$6.0084.6%24.2%58.1%19.3%80.3%21.3%6.8%75.1K-3.8M-19.5K0.1666.53N/AN/A2,13634114,4891,183
2022-10-05$6.91$6.0075.2%21.6%57.3%14.8%224.5%14.1%5.0%77.6K-4.7M-21.3K0.2480.00N/AN/A2,16752814,6661,239
2022-10-06$6.99$5.0079.3%24.2%57.1%16.8%80.6%6.8%-3.4%85.3K-4.5M-21.0K0.4365.54N/AN/A1,23452814,6981,302
2022-10-07$7.15$5.0081.6%25.3%57.0%17.1%88.3%7.2%-11.9%92.0K-5.3M-22.0K0.1056.71N/AN/A3,42532814,9061,302
2022-10-10$7.56$5.0093.0%27.6%59.6%22.5%95.3%-0.4%-8.7%101.3K-6.0M-23.8K0.0937.31N/AN/A3,67432215,9071,303
2022-10-11$7.35$5.0094.4%25.6%48.9%23.2%86.3%3.1%-10.6%118.7K-6.3M-25.4K0.0441.79N/AN/A6,83125917,7161,310
2022-10-12$7.38$5.0091.6%26.3%48.8%21.8%95.4%5.6%-9.6%161.7K-8.2M-29.6K0.1280.45N/AN/A2,17627022,3451,317
2022-10-13$7.60$5.0089.1%25.5%49.0%20.7%98.8%2.7%-0.2%178.2K-8.6M-28.9K0.1455.53N/AN/A1,84926522,4391,329
2022-10-14$7.50$5.0088.0%25.2%47.9%20.2%91.2%10.4%-3.7%180.4K-8.8M-29.6K0.2356.69N/AN/A1,12925522,4991,328
2022-10-17$7.41$5.0089.6%25.7%48.1%20.9%93.4%7.0%-15.4%182.7K-8.6M-28.8K0.1554.62N/AN/A1,16917622,5411,326
2022-10-18$7.42$5.0089.7%25.7%47.4%20.9%100.1%2.5%-6.7%187.8K-8.3M-28.6K0.1846.44N/AN/A1,00217922,5711,325
2022-10-19$7.21$5.0089.6%25.7%48.7%20.9%99.1%6.0%-12.1%173.1K-7.4M-26.7K0.1587.45N/AN/A1,14917722,5581,327
2022-10-20$7.41$5.0092.7%26.6%48.6%22.4%88.1%3.6%130.3%185.8K-8.1M-27.6K0.1851.44N/AN/A98017622,6171,328
2022-10-21$7.33$5.0085.3%24.5%47.9%18.9%89.5%11.7%5.4%164.9K-8.0M-27.2K0.1758.52N/AN/A1,15419822,6141,335
2022-10-24$7.32$5.0095.8%27.5%46.4%23.9%102.0%-2.3%-12.0%160.3K-7.2M-25.6K0.2265.26N/AN/A81518021,3451,003
2022-10-25$7.85$5.0089.3%25.6%50.5%20.7%86.2%16.9%-0.3%177.9K-9.2M-27.4K0.2036.34N/AN/A85617021,4221,004
2022-10-26$7.54$5.0089.6%25.7%51.7%20.9%86.3%7.1%-10.2%181.6K-8.6M-26.9K0.2045.67N/AN/A86717521,5021,005
2022-10-27$7.64$5.0087.4%25.0%49.5%19.8%83.6%12.2%-0.6%190.5K-8.7M-26.7K0.3128.21N/AN/A57617721,6111,010
2022-10-28$7.70$5.0094.6%27.1%48.4%23.3%94.7%5.8%-15.8%187.4K-8.6M-26.2K0.3843.47N/AN/A75128221,6151,022
2022-10-31$7.73$6.0092.2%26.4%48.0%22.1%71.6%0.5%-11.0%201.7K-8.7M-25.5K0.2235.47N/AN/A76617121,5711,122