PAYO Options History — August 2023

In August 2023, PAYO traded between $4.95 and $6.21. ATM implied volatility averaged 56.3%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 11.4% (HV 20d: 44.8%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.81.

Notable Days

  • 2023-08-07: Highest Volume — 13,462 contracts
  • 2023-08-28: Largest IV spike — 58.0% change
  • 2023-08-07: Highest IV Rank — 24.7%
  • 2023-08-02: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.71$4.95$6.21$5.38$6.21
Max Pain$5.52$5.00$6.00$5.00$6.00
ATM IV56.3%38.1%95.6%83.6%38.3%
Expected Move15.6%10.9%24.8%24.0%11.0%
HV 20d44.8%33.3%49.4%33.3%43.5%
HV 60d39.4%36.4%44.5%44.3%36.4%
IV Rank9.0%1.7%24.7%19.9%1.8%
IV Percentile22.0%0.4%92.1%70.6%0.8%
Term Structure18.1%-23.4%295.5%-15.6%87.7%
VWIV50.8%34.4%86.3%86.3%44.5%
Skew 25d18.1%-12.7%134.8%-5.0%12.8%
Skew 10d38.5%-10.3%209.4%13.3%14.6%
Call IV 25d44.8%29.3%86.3%86.3%29.3%
Put IV 25d62.9%34.2%175.5%81.3%42.1%
Bid-Ask Spread %60.0326.22130.5356.7557.99
Gamma HHI0.410.290.530.500.29
Net GEX109.1K39.0K305.8K165.8K86.5K
Net DEX-18.4M-25.2M-9.1M-12.2M-18.6M
Net VEX-37.5K-46.5K-28.0K-42.7K-34.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.0034.470.000.00
Total Volume1,175.9573013,46223682
Total OI74,639.78364,40188,25870,15666,711

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$5.38$5.0083.6%24.0%33.3%19.9%86.3%-5.0%-15.6%165.8K-12.2M-42.7K0.0056.75N/AN/A236042,82027,336
2023-08-02$5.17$5.0086.5%24.8%35.6%21.0%80.2%0.0%-23.4%156.5K-10.7M-42.7K0.0326.52N/AN/A69242,89327,336
2023-08-03$5.09$5.0091.7%23.6%34.2%23.1%0.0%20.7%-16.0%153.0K-9.5M-46.1K0.53104.13N/AN/A643442,87127,338
2023-08-04$4.95$5.0089.6%22.4%36.1%22.3%0.0%5.6%-11.2%157.0K-9.1M-42.1K0.2457.35N/AN/A832042,93227,342
2023-08-07$5.05$5.0095.6%20.4%34.6%24.7%66.8%21.1%-4.7%166.6K-9.7M-40.9K0.00130.53N/AN/A13,4075543,00227,362
2023-08-08$5.58$5.0057.7%16.9%47.2%9.6%58.3%25.3%6.9%305.8K-20.2M-46.5K0.04107.35N/AN/A5742356,37027,416
2023-08-09$5.75$5.0050.9%14.6%48.0%6.9%0.0%5.6%4.4%170.0K-23.3M-41.0K3.5866.89N/AN/A4621,65256,73827,435
2023-08-10$5.92$5.0042.7%12.2%48.3%3.6%34.4%5.5%16.0%61.7K-24.7M-40.6K0.0262.17N/AN/A122256,94829,076
2023-08-11$5.84$6.0050.7%14.5%48.0%6.8%50.2%-12.7%7.6%90.6K-24.8M-38.6K0.0130.64N/AN/A71157,01129,078
2023-08-14$5.74$6.0052.3%15.0%47.9%7.4%53.0%-10.8%0.3%44.0K-24.4M-33.4K0.0271.54N/AN/A1,9953257,02629,079
2023-08-15$5.71$6.0039.2%11.2%48.0%2.2%42.8%0.9%8.4%148.9K-24.2M-36.0K0.0144.29N/AN/A163258,95729,047
2023-08-16$5.67$6.0048.7%14.0%48.2%6.0%34.9%-6.1%6.7%102.5K-23.8M-38.6K0.8131.35N/AN/A12310059,10229,036
2023-08-17$5.64$6.0047.8%13.7%48.0%5.6%42.9%-11.7%295.5%50.7K-24.2M-36.5K1.7154.82N/AN/A244159,20129,057
2023-08-18$5.83$6.0056.6%16.2%48.9%9.1%45.9%2.3%-17.8%79.4K-25.2M-34.0K0.0726.24N/AN/A2411859,20929,027
2023-08-21$5.80$5.0041.9%12.0%49.0%3.3%42.8%-3.8%5.0%54.1K-16.2M-36.5K0.0091.03N/AN/A129040,48524,367
2023-08-22$5.92$5.0040.5%11.6%49.3%2.7%41.2%0.4%10.4%56.5K-17.8M-28.0K0.0126.22N/AN/A184140,51924,367
2023-08-23$6.03$5.0045.4%13.0%49.4%4.7%44.3%96.6%6.0%64.6K-17.8M-30.0K34.4733.44N/AN/A1314,51640,62124,367
2023-08-24$5.94$6.0043.6%12.5%47.7%3.9%0.0%8.0%10.8%56.8K-17.3M-34.9K0.0047.66N/AN/A30040,65223,749
2023-08-25$5.97$6.0038.1%10.9%47.4%1.7%38.5%105.5%7.6%39.0K-17.9M-29.8K0.0029.19N/AN/A61040,68223,749
2023-08-28$6.00$6.0060.1%17.2%47.3%10.5%59.8%134.8%-5.8%124.8K-18.0M-30.5K0.01114.91N/AN/A772840,69823,749
2023-08-29$6.01$6.0047.9%13.7%47.3%5.7%47.7%9.6%33.3%94.7K-16.1M-41.1K0.0069.80N/AN/A1,471041,50923,757
2023-08-30$6.14$6.0044.9%12.9%44.4%4.5%44.5%11.8%3.2%79.5K-17.9M-36.9K0.0239.82N/AN/A45142,92923,759
2023-08-31$6.21$6.0038.3%11.0%43.5%1.8%0.0%12.8%87.7%86.5K-18.6M-34.7K0.0057.99N/AN/A82042,95123,760