PAYO Options History — April 2023

In April 2023, PAYO traded between $5.25 and $6.08. ATM implied volatility averaged 72.3%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 28.7% (HV 20d: 43.6%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 34.33.

Notable Days

  • 2023-04-17: Highest Volume — 14,213 contracts
  • 2023-04-06: Largest IV spike — 37.1% change
  • 2023-04-26: Highest IV Rank — 18.7%
  • 2023-04-26: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.71$5.25$6.08$6.08$5.44
Max Pain$5.16$5.00$6.00$6.00$5.00
ATM IV72.3%45.0%89.9%62.9%86.5%
Expected Move21.0%12.9%25.8%18.0%24.8%
HV 20d43.6%34.8%57.7%56.4%39.5%
HV 60d51.3%49.8%53.1%51.0%52.9%
IV Rank11.1%0.0%18.7%4.3%17.3%
IV Percentile29.2%0.0%72.6%8.3%62.7%
Term Structure-6.0%-22.4%14.3%7.0%-15.7%
VWIV78.7%60.7%102.7%61.0%89.5%
Skew 25d7.4%-6.2%40.3%-4.3%20.4%
Skew 10d16.8%-16.4%47.1%0.6%28.0%
Call IV 25d68.6%42.6%83.1%62.5%61.2%
Put IV 25d76.0%41.7%92.1%58.2%81.7%
Bid-Ask Spread %39.3419.4670.7336.9740.83
Gamma HHI0.350.240.490.240.40
Net GEX-81.8K-166.3K-17.2K-17.2K-108.2K
Net DEX-2.2M-3.6M577.5K-3.6M-1.8M
Net VEX-51.2K-57.7K-46.5K-50.6K-46.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio34.330.00433.000.030.33
Total Volume1,725.684214,2137840
Total OI76,049.21167,34284,80867,34278,243

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$6.08$6.0062.9%18.0%56.4%4.3%61.0%-4.3%7.0%-17.2K-3.6M-50.6K0.0336.97N/AN/A76226,91240,430
2023-04-04$5.88$6.0060.3%17.3%57.1%3.2%60.7%-6.2%11.0%-37.3K-3.0M-47.8K0.0162.30N/AN/A134226,91940,432
2023-04-05$5.75$6.0045.0%12.9%56.6%0.0%0.0%-0.9%11.3%-45.5K-2.7M-49.0K0.3232.07N/AN/A531726,99240,433
2023-04-06$5.92$5.0061.7%20.3%57.7%7.0%73.2%7.2%-4.1%-44.1K-3.2M-48.6K187.8350.39N/AN/A244,50827,05240,446
2023-04-10$5.96$5.0068.8%20.3%49.5%9.9%74.7%1.9%-4.6%-59.2K-3.0M-50.7K0.0048.19N/AN/A38027,05244,951
2023-04-11$5.92$5.0066.1%20.1%44.3%8.8%73.2%3.0%-2.9%-46.5K-3.3M-49.8K0.3636.57N/AN/A14527,06244,951
2023-04-12$5.74$5.0069.8%20.0%38.6%10.3%74.9%5.1%-4.6%-54.7K-2.6M-49.8K3.2438.29N/AN/A13343127,05744,950
2023-04-13$5.84$5.0075.7%21.7%39.2%12.8%76.1%13.7%-13.0%-55.5K-2.2M-52.0K0.2925.95N/AN/A1213527,21945,357
2023-04-14$5.62$5.0069.0%19.8%41.0%10.0%66.9%3.6%-7.4%-76.9K-1.4M-47.2K0.0145.00N/AN/A2,5201827,23345,392
2023-04-17$5.66$5.0077.6%22.3%40.7%13.6%86.2%9.3%-16.5%-81.7K-889.0K-49.7K1.5528.26N/AN/A5,5708,64326,95345,394
2023-04-18$5.75$5.0079.5%22.8%41.3%14.4%92.1%40.3%-22.4%-86.0K-3.0M-57.7K2.8833.39N/AN/A10530232,38751,055
2023-04-19$5.76$5.0079.2%22.7%36.7%14.3%85.4%4.3%-12.1%-120.3K-2.7M-56.8K0.0030.64N/AN/A642132,30752,501
2023-04-20$5.71$5.0078.3%22.4%35.0%13.9%79.5%10.8%14.3%-95.9K-2.5M-56.0K1.0024.79N/AN/A1131,68552,501
2023-04-21$5.63$5.0070.5%20.2%35.1%10.6%102.7%19.2%-10.6%-105.4K-2.0M-55.2K433.0066.49N/AN/A143331,68552,500
2023-04-24$5.62$5.0074.1%21.3%34.8%12.2%75.1%8.4%-12.6%-119.9K-1.9M-52.6K0.1519.46N/AN/A2443731,36852,304
2023-04-25$5.25$5.0079.7%22.8%41.3%14.5%74.8%1.4%-15.8%-166.3K577.5K-51.8K13.4727.12N/AN/A2413,24731,38152,308
2023-04-26$5.39$5.0089.9%25.8%41.9%18.7%90.2%1.6%-9.7%-122.0K-496.3K-51.4K0.0070.73N/AN/A3,7791431,22649,107
2023-04-27$5.50$5.0079.6%22.8%42.4%14.5%80.3%1.4%-5.2%-112.1K-1.3M-48.8K7.8129.97N/AN/A1541,20230,07849,112
2023-04-28$5.44$5.0086.5%24.8%39.5%17.3%89.5%20.4%-15.7%-108.2K-1.8M-46.5K0.3340.83N/AN/A301030,07648,167