PAYO Options History — May 2023

In May 2023, PAYO traded between $4.14 and $5.59. ATM implied volatility averaged 73.5%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 20.8%. IV traded above realized volatility by 19.9% (HV 20d: 53.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 5.16.

Notable Days

  • 2023-05-09: Highest Volume — 12,474 contracts
  • 2023-05-10: Largest IV drop — 40.9% change
  • 2023-05-08: Highest IV Rank — 29.0%
  • 2023-05-09: Largest Expected Move — 46.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.74$4.14$5.59$5.34$4.14
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV73.5%51.8%114.4%89.4%63.2%
Expected Move20.8%14.8%46.2%25.6%18.1%
HV 20d53.6%38.7%62.3%39.2%58.0%
HV 60d55.6%51.0%59.0%52.8%51.0%
IV Rank11.9%2.8%29.0%18.5%7.6%
IV Percentile33.9%0.4%95.2%69.8%13.5%
Term Structure-9.6%-41.8%12.4%-25.7%-6.8%
VWIV68.7%33.6%115.7%93.3%63.7%
Skew 25d13.0%-27.2%101.2%9.2%25.5%
Skew 10d18.2%-8.4%72.3%17.8%45.5%
Call IV 25d54.7%34.7%96.6%64.6%43.7%
Put IV 25d67.8%36.7%175.3%73.7%69.2%
Bid-Ask Spread %55.5429.18120.1138.8433.75
Gamma HHI0.400.200.760.440.40
Net GEX-84.8K-314.7K2.2K-129.7K-27.8K
Net DEX3.0M-5.8M12.1M-437.0K2.1M
Net VEX-37.3K-49.4K-27.5K-45.6K-27.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.160.0036.330.7736.33
Total Volume1,622.091212,47423112
Total OI68,783.77336,97788,69478,26337,202

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$5.34$5.0089.4%25.6%39.2%18.5%93.3%9.2%-25.7%-129.7K-437.0K-45.6K0.7738.84N/AN/A131030,08648,177
2023-05-02$5.25$5.0099.0%28.4%38.7%22.5%100.6%9.3%-16.8%-123.9K601.4K-45.6K24.1661.40N/AN/A1202,89930,08548,183
2023-05-03$5.41$5.00111.0%31.8%39.5%27.5%115.7%5.2%-23.4%-103.1K-740.9K-46.3K0.0654.22N/AN/A9,13152530,13247,399
2023-05-04$5.37$5.00104.3%24.0%39.0%24.7%86.9%15.3%-20.1%-20.0K-4.4M-48.2K0.0063.74N/AN/A17039,25247,399
2023-05-05$5.56$5.00100.5%22.7%39.7%23.2%82.8%40.7%-14.9%-12.5K-5.2M-49.0K1.01107.72N/AN/A1,9792,00039,26447,399
2023-05-08$5.59$5.00114.4%19.2%39.6%29.0%50.1%23.6%6.2%2.2K-5.8M-49.4K0.6887.44N/AN/A805441,15847,406
2023-05-09$5.00$5.0091.0%46.2%55.2%19.2%94.2%101.2%12.4%-74.2K461.9K-44.4K0.27120.11N/AN/A9,7932,68141,24147,453
2023-05-10$4.72$5.0053.8%15.4%57.5%3.7%55.3%0.0%-0.3%-251.8K5.8M-38.0K0.1670.08N/AN/A1,50823534,47548,158
2023-05-11$4.88$5.0058.1%16.6%58.7%5.5%58.9%-6.2%-5.0%-314.7K5.6M-42.6K4.9147.89N/AN/A18188835,42250,080
2023-05-12$4.61$5.0052.2%15.0%60.3%3.0%53.3%1.6%4.0%-239.5K7.6M-40.7K11.2259.43N/AN/A2282,55835,44550,487
2023-05-15$4.59$5.0073.1%21.0%60.0%11.7%71.3%5.6%-12.2%-208.3K10.0M-36.5K1.3636.78N/AN/A223035,50250,492
2023-05-16$4.44$5.0062.4%17.9%59.7%7.3%33.6%-27.2%-17.3%-166.7K10.5M-34.1K3.7168.18N/AN/A72635,50650,489
2023-05-17$4.50$5.0054.9%15.7%60.2%4.2%69.3%25.3%9.8%-17.1K12.1M-31.7K3.8340.42N/AN/A2911135,50050,497
2023-05-18$4.42$5.0066.7%19.1%60.2%9.1%43.1%11.4%6.5%-18.0K8.7M-30.6K10.2539.18N/AN/A1212335,49642,882
2023-05-19$4.46$5.0052.4%15.0%60.7%3.1%0.0%9.1%-10.4%-21.7K9.0M-31.1K0.7539.80N/AN/A403035,50043,002
2023-05-22$4.59$5.0054.6%15.7%62.3%4.0%59.6%-7.2%-2.6%-20.6K1.3M-32.0K0.0039.52N/AN/A95014,29622,681
2023-05-23$4.50$5.0069.8%20.0%58.6%10.3%0.0%-11.2%-26.0%-20.3K1.2M-31.3K0.1751.27N/AN/A36614,35922,681
2023-05-24$4.30$5.0065.1%18.7%58.6%8.4%62.9%27.8%-1.2%-21.7K1.5M-30.2K0.0043.91N/AN/A0614,40822,694
2023-05-25$4.19$5.0060.1%17.2%57.6%6.3%41.2%4.7%-16.3%-23.3K1.7M-29.3K1.0037.99N/AN/A1114,41622,705
2023-05-26$4.20$5.0051.8%14.8%57.9%2.8%0.0%12.2%-8.6%-26.6K2.1M-28.3K0.0929.18N/AN/A11114,41622,701
2023-05-30$4.14$5.0068.2%19.6%57.8%9.7%63.7%11.1%-41.8%-26.2K2.0M-27.7K7.7051.03N/AN/A107714,41622,701
2023-05-31$4.14$5.0063.2%18.1%58.0%7.6%0.0%25.5%-6.8%-27.8K2.1M-27.5K36.3333.75N/AN/A310914,42622,776