PAYO Options History — February 2023

In February 2023, PAYO traded between $5.58 and $6.21. ATM implied volatility averaged 78.5%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded above realized volatility by 45.1% (HV 20d: 33.3%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 7.56.

Notable Days

  • 2023-02-15: Highest Volume — 12,566 contracts
  • 2023-02-03: Largest IV spike — 39.0% change
  • 2023-02-03: Highest IV Rank — 15.7%
  • 2023-02-21: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.80$5.58$6.21$6.11$5.80
Max Pain$5.05$5.00$6.00$5.00$6.00
ATM IV78.5%64.3%89.4%77.5%82.8%
Expected Move22.4%20.1%24.9%22.2%23.7%
HV 20d33.3%27.5%38.8%30.9%38.8%
HV 60d47.7%36.7%65.5%65.5%36.9%
IV Rank11.0%4.9%15.7%10.6%12.9%
IV Percentile32.1%5.2%63.5%28.6%45.6%
Term Structure7.0%-22.3%269.9%9.6%-22.3%
VWIV76.6%64.9%85.4%72.6%78.2%
Skew 25d4.3%-34.5%37.5%37.3%9.2%
Skew 10d24.4%-7.7%136.9%27.6%12.9%
Call IV 25d73.8%42.5%90.8%42.5%78.0%
Put IV 25d78.1%55.9%97.0%79.8%87.2%
Bid-Ask Spread %65.1730.19108.6793.9330.19
Gamma HHI0.270.230.350.350.29
Net GEX-11.6K-44.5K26.9K9.3K-44.5K
Net DEX-939.8K-2.4M987.5K-878.3K-1.9M
Net VEX-32.8K-42.0K-22.5K-22.5K-42.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.560.0083.480.020.05
Total Volume1,802.6322012,566912,067
Total OI38,289.73723,72049,56523,75049,565

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$6.11$5.0077.5%22.2%30.9%10.6%72.6%37.3%9.6%9.3K-878.3K-22.5K0.0293.93N/AN/A89213,17810,572
2023-02-02$6.21$5.0064.3%21.3%31.0%4.9%72.6%27.9%-2.6%26.9K-1.4M-23.1K0.0172.86N/AN/A170113,14810,572
2023-02-03$6.03$5.0089.4%21.6%31.7%15.7%72.1%8.0%-2.3%9.4K-1.1M-23.1K35.27108.67N/AN/A2278,00613,17310,572
2023-02-06$5.97$5.0074.8%21.7%30.6%9.5%77.6%2.8%-4.9%6.5K-579.5K-27.7K1.56106.06N/AN/A11718213,20618,574
2023-02-07$6.01$5.0081.8%21.9%28.6%12.5%78.0%16.0%-7.1%6.0K-479.1K-27.3K0.0089.09N/AN/A47013,30918,874
2023-02-08$5.89$5.0074.7%21.4%30.1%9.4%64.9%7.3%-6.3%1.8K-576.9K-27.4K83.4896.23N/AN/A615,09213,30718,874
2023-02-09$5.61$5.0070.0%20.1%35.3%7.4%0.0%3.4%-2.3%-16.2K132.6K-30.4K0.1146.78N/AN/A18213,32023,956
2023-02-10$5.58$5.0075.9%21.8%27.5%10.0%84.4%37.5%-5.8%-17.0K987.5K-31.2K0.4391.38N/AN/A231013,31523,957
2023-02-13$5.70$5.0075.8%21.7%28.7%9.9%75.6%7.8%-3.9%-24.5K634.8K-30.3K0.0040.32N/AN/A39013,31723,953
2023-02-14$5.62$5.0080.5%23.1%28.5%11.9%76.5%15.7%-20.3%-27.6K653.3K-29.5K0.3134.37N/AN/A451413,32023,953
2023-02-15$5.89$5.0086.2%24.7%33.4%14.4%70.7%-8.1%-9.2%-24.6K333.0K-30.2K0.4852.39N/AN/A8,5154,05113,30823,960
2023-02-16$5.66$5.0074.5%21.4%36.3%9.3%75.8%7.9%269.9%-13.3K-2.4M-39.9K0.2038.51N/AN/A25521,56427,949
2023-02-17$5.67$5.0076.4%21.9%36.1%10.1%72.0%-9.7%-0.7%-23.4K-1.7M-42.0K2.1059.20N/AN/A4910321,60227,949
2023-02-21$5.70$5.0086.7%24.9%36.0%14.6%85.4%-20.6%-17.9%-19.8K-1.5M-40.0K0.0048.63N/AN/A116016,79627,975
2023-02-22$5.62$5.0077.2%22.1%35.9%10.5%84.1%-0.1%-6.7%-22.6K-1.7M-39.9K0.0067.90N/AN/A396016,77927,975
2023-02-23$5.75$5.0076.9%22.0%37.0%10.3%73.1%-20.6%-13.4%-15.6K-2.2M-39.3K0.4239.04N/AN/A23910017,10427,975
2023-02-24$5.62$5.0082.9%23.8%37.8%12.9%83.7%-5.5%-18.0%-15.4K-1.9M-39.6K0.0174.58N/AN/A131117,27727,975
2023-02-27$5.76$5.0082.2%23.6%38.7%12.6%81.3%-34.5%-2.6%-15.0K-2.3M-38.8K19.1348.18N/AN/A2144,09317,32627,976
2023-02-28$5.80$6.0082.8%23.7%38.8%12.9%78.2%9.2%-22.3%-44.5K-1.9M-42.0K0.0530.19N/AN/A1,96010717,50632,059