PAYO Options History — November 2022

In November 2022, PAYO traded between $5.33 and $7.84. ATM implied volatility averaged 91.8%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded above realized volatility by 10.4% (HV 20d: 81.4%). Max pain ranged from $5.00 to $7.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.26.

Notable Days

  • 2022-11-10: Highest Volume — 38,295 contracts
  • 2022-11-10: Largest IV spike — 149.3% change
  • 2022-11-10: Highest IV Rank — 97.7%
  • 2022-11-10: Largest Expected Move — 71.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.16$5.33$7.84$7.84$5.38
Max Pain$6.14$5.00$7.00$6.00$6.00
ATM IV91.8%60.9%250.7%93.8%87.5%
Expected Move25.5%17.4%71.9%26.9%25.1%
HV 20d81.4%43.3%105.5%43.3%101.4%
HV 60d67.1%52.8%75.4%60.9%73.1%
IV Rank21.7%6.4%97.7%22.9%19.2%
IV Percentile52.2%8.3%99.6%78.6%59.1%
Term Structure-5.9%-27.8%14.3%-15.3%-6.6%
VWIV80.3%64.2%102.3%82.6%86.7%
Skew 25d16.3%-20.2%230.9%1.2%1.8%
Skew 10d2.1%-36.0%52.4%9.1%11.1%
Call IV 25d74.9%50.9%100.3%76.9%81.1%
Put IV 25d91.1%65.9%294.8%78.1%82.9%
Bid-Ask Spread %62.5727.2499.9927.2463.77
Gamma HHI0.310.200.590.450.21
Net GEX74.6K-234.2K199.7K199.7K37.8K
Net DEX-3.1M-9.4M2.9M-9.4M-1.5M
Net VEX-17.2K-33.0K-10.1K-25.6K-10.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.010.950.190.01
Total Volume6,175.762038,2951,088175
Total OI25,008.14314,14060,70122,74114,418

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$7.84$6.0093.8%26.9%43.3%22.9%82.6%1.2%-15.3%199.7K-9.4M-25.6K0.1927.24N/AN/A91617221,6141,127
2022-11-02$7.32$6.0092.5%26.5%50.1%22.3%102.3%-20.2%-27.8%195.3K-7.9M-24.8K0.3083.50N/AN/A90727021,7391,125
2022-11-03$7.13$7.0096.0%23.0%51.1%24.0%81.6%4.9%-3.8%184.9K-6.6M-23.2K0.0567.03N/AN/A3,92520221,7311,209
2022-11-04$6.81$7.0097.0%22.8%53.0%24.4%77.3%7.4%-4.7%133.3K-5.1M-20.5K0.8876.23N/AN/A5,9435,21118,7251,246
2022-11-07$6.84$7.0085.3%23.5%48.4%18.9%87.5%12.5%0.2%91.1K-4.4M-23.5K0.9586.49N/AN/A10,77610,21222,0106,266
2022-11-08$6.65$7.00104.6%22.9%48.4%28.1%83.8%-4.7%6.9%12.1K-2.8M-30.5K0.0499.99N/AN/A10,80145332,02416,284
2022-11-09$6.85$7.00100.6%28.8%49.9%26.1%100.6%6.3%-14.5%61.3K-4.3M-33.0K0.2381.62N/AN/A12,0872,81732,05416,462
2022-11-10$5.77$6.00250.7%71.9%76.2%97.7%84.8%230.9%14.0%-234.2K2.9M-23.7K0.9093.24N/AN/A20,18818,10741,70718,994
2022-11-11$6.24$6.0087.9%25.2%83.0%20.1%77.1%28.4%-16.4%126.6K-3.1M-14.9K0.2972.38N/AN/A1,22535723,7041,459
2022-11-14$6.73$6.0069.1%19.8%88.2%11.1%69.7%34.4%-23.1%186.9K-4.3M-16.0K0.3578.29N/AN/A1,07037923,5341,426
2022-11-15$6.62$6.0073.4%21.1%88.3%13.2%64.2%-7.8%11.9%167.1K-4.2M-16.6K0.3348.33N/AN/A1,14537923,5251,527
2022-11-16$5.59$6.0064.0%18.4%105.5%8.7%71.5%5.4%-6.3%77.7K-2.1M-12.8K0.0754.98N/AN/A5,10033223,5621,527
2022-11-17$5.46$5.0078.0%22.4%104.5%15.4%84.3%-3.8%-5.3%43.8K-1.6M-10.9K0.0852.14N/AN/A3,60827523,9501,366
2022-11-18$5.54$5.0077.0%22.1%105.0%14.1%85.9%-13.1%-7.4%44.7K-1.6M-11.4K0.0844.10N/AN/A3,61029823,9601,387
2022-11-21$5.33$6.0080.7%23.1%105.3%15.9%76.9%-5.6%-11.3%39.1K-1.4M-10.3K0.0639.97N/AN/A2,66815113,226914
2022-11-22$5.44$6.0081.7%23.4%101.3%16.4%78.3%10.7%-6.2%39.7K-1.4M-10.6K0.0630.22N/AN/A2,68617113,258960
2022-11-23$5.57$6.0075.2%21.6%102.0%13.3%68.2%-1.6%-10.8%41.1K-1.5M-10.4K0.0643.91N/AN/A2,65317113,273980
2022-11-25$5.54$6.0060.9%17.4%101.5%6.4%0.0%21.1%14.3%40.4K-1.5M-10.5K0.0052.37N/AN/A0013,257980
2022-11-28$5.34$6.0084.4%24.2%101.4%17.7%75.4%13.2%-5.8%37.6K-1.4M-10.1K0.1537.68N/AN/A2053113,266980
2022-11-29$5.45$6.0088.0%25.2%102.0%19.4%67.3%19.9%-6.3%40.4K-1.5M-10.3K0.0780.45N/AN/A14113,427988
2022-11-30$5.38$6.0087.5%25.1%101.4%19.2%86.7%1.8%-6.6%37.8K-1.5M-10.5K0.0163.77N/AN/A174113,429989