PAYO Options History — December 2022

In December 2022, PAYO traded between $5.09 and $5.69. ATM implied volatility averaged 78.1%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded above realized volatility by 14.6% (HV 20d: 63.5%). 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 16 of 21 days. Put/call ratio averaged 1.10.

Notable Days

  • 2022-12-28: Highest Volume — 3,831 contracts
  • 2022-12-05: Largest IV spike — 70.7% change
  • 2022-12-13: Highest IV Rank — 37.2%
  • 2022-12-01: Largest Expected Move — 23.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.31$5.09$5.69$5.38$5.41
Max Pain$5.10$5.00$6.00$6.00$5.00
ATM IV78.1%59.5%125.0%83.4%72.1%
Expected Move20.5%17.0%23.9%23.9%20.7%
HV 20d63.5%39.1%99.9%99.8%42.4%
HV 60d70.9%69.0%72.5%72.5%69.0%
IV Rank14.5%5.7%37.2%17.2%11.1%
IV Percentile28.7%6.0%96.0%45.6%13.5%
Term Structure5.6%-6.9%24.3%-6.9%-2.9%
VWIV70.3%49.2%83.0%69.4%72.1%
Skew 25d3.7%-13.0%68.3%11.7%-8.0%
Skew 10d16.6%-32.8%298.9%5.0%9.1%
Call IV 25d66.2%49.9%77.7%68.6%75.3%
Put IV 25d69.9%59.4%132.0%80.3%67.3%
Bid-Ask Spread %62.5524.5795.4244.3795.42
Gamma HHI0.230.200.310.210.31
Net GEX39.0K29.8K56.3K39.2K54.7K
Net DEX-1.3M-2.1M-1.0M-1.4M-2.0M
Net VEX-8.5K-11.9K-6.8K-9.8K-11.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.0015.300.002.98
Total Volume239.23803,83149203
Total OI14,070.42912,38916,23614,56216,236

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$5.38$6.0083.4%23.9%99.8%17.2%69.4%11.7%-6.9%39.2K-1.4M-9.8K0.0044.37N/AN/A49013,572990
2022-12-02$5.38$6.0059.5%17.0%99.9%5.7%78.6%-11.2%15.9%39.3K-1.3M-9.4K0.0771.06N/AN/A27213,617990
2022-12-05$5.33$5.00101.5%19.7%99.2%25.9%67.5%4.3%9.5%39.7K-1.3M-9.2K0.0562.15N/AN/A65313,643992
2022-12-06$5.26$5.0074.6%20.6%99.0%13.0%83.0%-13.0%11.0%37.3K-1.3M-9.1K0.0034.44N/AN/A22013,617995
2022-12-07$5.24$5.0075.5%20.8%98.8%13.4%71.6%12.4%7.5%35.0K-1.1M-8.6K0.0244.18N/AN/A65113,639995
2022-12-08$5.34$5.0079.3%21.1%98.3%15.2%75.6%1.7%3.1%37.4K-1.3M-8.7K0.5053.26N/AN/A16813,639996
2022-12-09$5.50$5.0082.6%22.3%79.2%16.9%78.9%7.3%-2.5%38.8K-1.4M-9.0K0.0054.32N/AN/A7013,6261,004
2022-12-12$5.69$5.00111.1%22.2%74.7%30.5%67.0%-4.2%-1.9%45.8K-1.7M-9.8K0.5024.57N/AN/A1035113,6321,004
2022-12-13$5.47$5.00125.0%20.9%69.2%37.2%49.2%14.8%7.1%43.9K-1.5M-9.3K0.0077.22N/AN/A63013,6731,054
2022-12-14$5.29$5.0070.9%20.3%69.7%11.2%77.2%-11.2%15.7%35.3K-1.2M-8.1K0.0287.20N/AN/A123213,6891,054
2022-12-15$5.09$5.0072.6%20.8%39.2%12.0%72.7%-10.9%7.0%29.8K-1.0M-7.8K0.0646.86N/AN/A53313,7491,028
2022-12-16$5.24$5.0074.2%21.3%40.3%12.8%72.6%13.4%1.2%34.7K-1.0M-7.8K15.3068.72N/AN/A1015313,7211,031
2022-12-19$5.09$5.0066.2%19.0%40.8%8.9%68.1%-11.1%12.0%34.8K-1.0M-7.1K0.7260.18N/AN/A181311,888701
2022-12-20$5.22$5.0072.5%20.8%40.0%12.0%71.7%-5.7%-2.2%35.4K-1.2M-7.2K0.0641.19N/AN/A16111,900489
2022-12-21$5.36$5.0075.4%21.6%40.5%13.4%64.4%8.0%0.6%37.9K-1.3M-7.6K0.0574.32N/AN/A60311,905489
2022-12-22$5.21$5.0068.5%19.6%40.5%10.0%0.0%-0.7%0.9%35.7K-1.2M-7.0K0.0053.28N/AN/A0011,937489
2022-12-23$5.13$5.0068.2%19.5%40.8%9.4%66.4%12.4%4.1%34.2K-1.1M-6.8K0.0081.14N/AN/A3011,937489
2022-12-27$5.25$5.0071.7%20.6%39.9%11.1%72.2%3.6%5.6%36.4K-1.2M-7.2K1.6779.69N/AN/A3511,935489
2022-12-28$5.21$5.0064.1%18.4%39.1%7.5%61.1%-3.4%24.3%36.7K-1.2M-6.8K0.0081.14N/AN/A3,831011,936486
2022-12-29$5.45$5.0070.6%20.3%42.3%10.6%67.2%68.3%7.8%56.3K-2.1M-11.9K0.0078.87N/AN/A42015,737486
2022-12-30$5.41$5.0072.1%20.7%42.4%11.1%72.1%-8.0%-2.9%54.7K-2.0M-11.3K2.9895.42N/AN/A5115215,750486