PAYO Options History — July 2023

In July 2023, PAYO traded between $4.62 and $5.33. ATM implied volatility averaged 67.8%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded above realized volatility by 35.3% (HV 20d: 32.5%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 47.06.

Notable Days

  • 2023-07-12: Highest Volume — 8,007 contracts
  • 2023-07-11: Largest IV spike — 41.3% change
  • 2023-07-31: Highest IV Rank — 20.9%
  • 2023-07-31: Largest Expected Move — 24.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.07$4.62$5.33$4.87$5.33
Max Pain$4.90$4.00$5.00$4.00$5.00
ATM IV67.8%44.1%86.1%58.4%86.1%
Expected Move20.5%14.1%24.7%16.7%24.7%
HV 20d32.5%29.3%36.4%29.4%33.3%
HV 60d45.4%44.0%46.6%45.4%44.3%
IV Rank13.6%4.2%20.9%9.9%20.9%
IV Percentile34.8%0.8%74.6%10.7%74.6%
Term Structure11.1%-20.9%370.1%9.9%-19.7%
VWIV68.6%50.6%85.6%57.8%85.6%
Skew 25d11.4%-19.8%126.4%126.4%0.5%
Skew 10d36.6%-41.8%233.8%179.0%-30.4%
Call IV 25d62.8%42.2%81.0%55.5%81.0%
Put IV 25d74.2%49.8%181.9%181.9%81.5%
Bid-Ask Spread %39.6921.2265.2740.0043.02
Gamma HHI0.420.340.500.420.45
Net GEX124.2K51.1K177.1K57.1K158.5K
Net DEX-9.3M-11.7M-4.5M-6.0M-11.5M
Net VEX-42.9K-46.5K-38.4K-45.4K-43.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio47.060.00853.008.500.01
Total Volume1,278.788,00719219
Total OI63,172.355,52669,94355,52669,943

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$4.87$4.0058.4%16.7%29.4%9.9%57.8%126.4%9.9%57.1K-6.0M-45.4K8.5040.00N/AN/A21733,10922,417
2023-07-05$4.76$4.0049.3%14.1%30.9%6.2%50.6%-1.8%7.6%59.2K-5.7M-41.4K0.1140.41N/AN/A9133,11322,434
2023-07-06$4.62$5.0048.1%17.8%30.6%5.7%0.0%10.9%-5.4%56.0K-4.9M-40.3K0.5735.35N/AN/A211233,11422,434
2023-07-07$4.63$5.0046.3%18.1%30.2%5.0%61.6%10.8%0.4%51.1K-4.5M-41.4K0.1462.78N/AN/A7133,13422,446
2023-07-10$4.80$5.0044.1%22.5%32.3%4.2%62.3%-19.8%-15.2%60.7K-5.6M-38.4K0.0027.25N/AN/A308033,13122,446
2023-07-11$5.00$5.0062.3%20.8%35.0%11.4%74.1%2.3%-13.0%66.9K-7.0M-38.4K0.0058.91N/AN/A5,527133,43322,446
2023-07-12$5.00$5.0073.1%20.9%35.0%15.7%73.0%6.0%-10.3%107.8K-8.6M-42.9K1.1633.74N/AN/A3,7014,30638,84222,446
2023-07-13$5.12$5.0085.4%24.5%35.4%20.6%84.6%12.2%-20.9%119.4K-9.9M-46.5K0.1740.52N/AN/A3045242,45423,721
2023-07-14$5.03$5.0070.6%20.2%35.2%14.7%70.2%-11.7%-4.4%139.4K-9.8M-45.8K0.0726.75N/AN/A72542,58323,769
2023-07-17$5.19$5.0074.5%21.4%36.4%16.3%62.8%-13.1%-10.9%141.5K-10.5M-46.2K24.0565.27N/AN/A2044,90742,57923,759
2023-07-18$5.21$5.0071.8%20.6%36.4%15.2%70.5%19.2%-8.1%157.1K-11.3M-44.4K0.5043.26N/AN/A1216142,56922,241
2023-07-19$5.26$5.0075.3%21.6%32.0%16.6%64.8%3.4%-10.6%159.1K-11.6M-43.3K0.0121.22N/AN/A172242,69722,300
2023-07-20$5.21$5.0069.9%20.0%31.5%14.4%71.1%2.8%370.1%167.2K-11.5M-42.7K0.0538.87N/AN/A75442,80922,300
2023-07-21$5.17$5.0067.1%19.2%31.7%13.3%67.7%7.3%-2.8%166.8K-11.3M-43.3K0.0030.43N/AN/A188042,83722,304
2023-07-24$5.24$5.0077.2%22.1%30.0%17.3%77.5%-7.4%-12.3%160.2K-11.3M-42.4K2.5030.32N/AN/A143542,59422,298
2023-07-25$5.25$5.0076.0%21.8%29.9%16.9%52.9%-0.3%-10.4%162.5K-11.7M-41.0K853.0027.68N/AN/A65,11842,60722,328
2023-07-26$5.31$5.0069.4%19.9%29.3%14.2%69.2%59.0%-6.2%177.1K-11.3M-43.9K0.0045.86N/AN/A02442,60727,328
2023-07-27$5.13$5.0068.5%19.6%32.4%13.9%68.6%24.0%-3.3%164.0K-11.0M-43.0K2.6854.21N/AN/A195142,60727,332
2023-07-28$5.25$5.0082.6%23.7%33.1%19.5%77.5%-2.7%-12.7%151.7K-10.8M-43.8K0.6027.89N/AN/A5342,60227,333
2023-07-31$5.33$5.0086.1%24.7%33.3%20.9%85.6%0.5%-19.7%158.5K-11.5M-43.0K0.0143.02N/AN/A217242,60727,336