PAYO Options History — June 2023

In June 2023, PAYO traded between $4.33 and $4.87. ATM implied volatility averaged 54.8%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 13.0% (HV 20d: 41.8%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 13.39.

Notable Days

  • 2023-06-12: Highest Volume — 496 contracts
  • 2023-06-08: Largest IV spike — 120.3% change
  • 2023-06-08: Highest IV Rank — 16.1%
  • 2023-06-02: Largest Expected Move — 20.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.64$4.33$4.87$4.33$4.83
Max Pain$4.10$4.00$5.00$5.00$4.00
ATM IV54.8%33.7%74.2%51.3%51.0%
Expected Move15.3%11.2%20.1%14.7%14.6%
HV 20d41.8%30.8%61.4%59.6%30.8%
HV 60d47.6%45.5%52.5%52.2%45.5%
IV Rank7.6%0.0%16.1%2.6%6.9%
IV Percentile9.2%0.0%34.5%0.4%4.4%
Term Structure5.8%-34.4%27.8%-6.0%7.5%
VWIV55.8%40.6%81.1%52.0%51.5%
Skew 25d11.7%-13.1%100.3%14.3%-1.0%
Skew 10d31.3%-23.0%132.6%35.5%0.1%
Call IV 25d48.7%37.8%70.0%37.8%48.5%
Put IV 25d60.3%35.2%142.8%52.1%47.6%
Bid-Ask Spread %41.3724.9763.2934.1127.20
Gamma HHI0.400.340.450.370.41
Net GEX26.2K-28.3K60.0K-28.3K60.0K
Net DEX-3.1M-6.3M2.1M2.1M-6.3M
Net VEX-39.7K-48.7K-27.9K-28.7K-41.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio13.390.00260.000.060.22
Total Volume100.42904963766
Total OI49,447.04837,19155,92537,19155,478

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$4.33$5.0051.3%14.7%59.6%2.6%52.0%14.3%-6.0%-28.3K2.1M-28.7K0.0634.11N/AN/A35214,42722,764
2023-06-02$4.46$5.0070.1%20.1%61.4%10.5%81.1%-10.8%-34.4%-23.4K1.6M-29.3K0.0037.41N/AN/A4014,44722,764
2023-06-05$4.45$4.0050.5%20.0%59.2%2.3%66.4%11.2%-5.6%-23.8K1.6M-27.9K0.1341.51N/AN/A8114,44822,764
2023-06-06$4.61$4.0044.8%13.3%61.2%0.0%0.0%12.5%11.7%-22.7K1.5M-30.0K0.0052.36N/AN/A139014,45422,765
2023-06-07$4.55$4.0033.7%14.0%48.1%0.0%0.0%-2.4%7.3%-21.3K1.2M-28.3K0.0047.24N/AN/A0014,55422,765
2023-06-08$4.50$4.0074.2%18.7%43.9%16.1%0.0%24.1%3.8%-21.9K1.3M-28.0K4.0049.02N/AN/A1414,55722,765
2023-06-09$4.51$4.0065.8%12.2%41.9%12.8%0.0%7.0%27.8%-21.1K1.3M-28.4K0.0059.42N/AN/A404014,55922,769
2023-06-12$4.55$4.0066.1%14.0%37.1%12.9%59.3%14.5%10.1%40.7K-4.7M-47.3K0.0143.00N/AN/A493333,15422,771
2023-06-13$4.63$4.0073.2%15.8%37.6%15.7%59.7%-0.6%3.2%48.4K-4.9M-48.1K0.1138.82N/AN/A62732,87522,772
2023-06-14$4.54$4.0058.8%16.9%36.3%10.0%60.0%-12.7%7.6%42.9K-4.4M-47.3K0.0057.18N/AN/A21032,85822,773
2023-06-15$4.59$4.0054.2%15.5%36.2%8.2%65.3%-9.7%5.7%44.4K-4.3M-46.0K0.2863.29N/AN/A18532,86422,771
2023-06-16$4.62$4.0062.1%17.8%35.5%11.3%54.2%15.4%-8.7%48.6K-4.7M-48.7K0.0635.16N/AN/A16132,86322,776
2023-06-20$4.87$4.0063.9%18.3%39.8%12.0%63.8%16.6%-2.4%53.3K-5.5M-45.1K0.4729.96N/AN/A381832,70922,585
2023-06-21$4.79$4.0050.2%14.4%39.3%6.6%50.4%-3.6%10.9%52.0K-6.1M-43.1K0.6049.15N/AN/A422532,73322,587
2023-06-22$4.83$4.0050.1%14.4%38.5%6.5%48.6%-13.1%10.7%51.3K-6.0M-44.5K0.0239.59N/AN/A194432,77222,612
2023-06-23$4.71$4.0048.1%13.8%35.7%5.8%49.2%-2.4%6.8%50.8K-5.4M-43.8K1.0029.56N/AN/A1132,93622,615
2023-06-26$4.70$4.0050.7%14.5%33.9%6.8%0.0%-3.7%13.6%50.5K-5.4M-43.7K0.0039.25N/AN/A13032,93722,616
2023-06-27$4.81$4.0048.3%13.9%34.5%5.8%45.9%100.3%20.3%56.9K-5.9M-43.8K0.7244.83N/AN/A604332,94522,616
2023-06-28$4.80$4.0039.1%11.2%33.7%2.2%40.6%-6.5%17.6%56.6K-5.7M-46.6K260.0025.71N/AN/A126032,96822,616
2023-06-29$4.84$4.0044.8%12.9%33.6%4.4%44.8%95.5%14.8%55.9K-6.0M-43.2K0.0324.97N/AN/A115432,96922,415
2023-06-30$4.83$4.0051.0%14.6%30.8%6.9%51.5%-1.0%7.5%60.0K-6.3M-41.9K0.2227.20N/AN/A541233,06322,415