PAYO Options History — October 2023

In October 2023, PAYO traded between $5.61 and $6.22. ATM implied volatility averaged 59.7%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 21.5% (HV 20d: 38.2%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 3.68.

Notable Days

  • 2023-10-30: Highest Volume — 6,727 contracts
  • 2023-10-13: Largest IV spike — 36.1% change
  • 2023-10-25: Highest IV Rank — 20.3%
  • 2023-10-25: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.89$5.61$6.22$6.17$5.79
Max Pain$4.27$4.00$6.00$6.00$4.00
ATM IV59.7%30.2%82.0%66.4%74.6%
Expected Move18.2%11.3%23.5%19.0%21.4%
HV 20d38.2%31.2%44.8%31.2%41.9%
HV 60d38.4%36.7%41.3%36.7%40.0%
IV Rank11.6%0.0%20.3%14.1%17.5%
IV Percentile37.0%0.0%80.2%43.3%67.9%
Term Structure-0.9%-25.7%115.5%5.5%-10.7%
VWIV61.9%39.6%83.7%49.9%78.5%
Skew 25d14.7%-5.8%37.0%37.0%-1.2%
Skew 10d27.2%4.9%68.1%17.5%16.8%
Call IV 25d57.5%30.6%86.0%30.6%86.0%
Put IV 25d72.2%39.6%88.0%67.6%84.9%
Bid-Ask Spread %46.9030.07111.2785.9431.57
Gamma HHI0.220.190.250.190.23
Net GEX41.0K-12.5K88.1K59.2K88.1K
Net DEX-18.7M-20.6M-16.9M-19.9M-19.9M
Net VEX-24.9K-27.9K-19.9K-26.5K-27.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.680.0054.200.000.00
Total Volume853.95516,7272186,370
Total OI73,155.45570,87080,60070,87080,600

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$6.17$6.0066.4%19.0%31.2%14.1%49.9%37.0%5.5%59.2K-19.9M-26.5K0.0085.94N/AN/A218046,63624,234
2023-10-03$5.89$6.0045.3%13.0%35.0%5.8%45.1%3.1%4.5%56.5K-19.0M-27.0K0.5337.05N/AN/A382046,84924,234
2023-10-04$6.04$6.0039.4%11.3%36.3%3.5%39.6%4.8%23.2%75.0K-19.1M-24.9K3.6734.76N/AN/A31146,85024,244
2023-10-05$6.11$4.0030.2%16.9%36.1%0.0%58.7%12.0%-4.1%13.6K-19.8M-22.2K0.0043.40N/AN/A32046,85324,245
2023-10-06$6.22$4.0038.0%17.3%36.5%3.1%61.4%10.5%-9.8%25.2K-20.6M-23.1K0.0045.62N/AN/A78046,87324,245
2023-10-09$6.06$4.0047.4%18.7%36.2%6.8%60.0%19.0%-11.1%69.0K-19.2M-26.7K0.0455.87N/AN/A161646,92724,246
2023-10-10$6.08$4.0046.7%17.1%36.2%6.5%59.0%13.1%-4.6%60.3K-19.5M-26.0K0.7739.90N/AN/A131047,07224,250
2023-10-11$5.94$4.0061.1%17.5%35.2%12.1%63.5%2.0%-6.8%57.8K-18.7M-24.1K54.2047.30N/AN/A527147,08224,252
2023-10-12$5.79$4.0049.7%14.2%36.2%7.7%54.3%10.9%0.0%48.5K-18.3M-24.3K0.0039.37N/AN/A14047,08224,483
2023-10-13$5.67$4.0067.6%19.4%36.5%14.7%71.3%1.7%-12.2%66.8K-16.9M-26.5K0.7530.07N/AN/A8647,09224,483
2023-10-16$5.88$4.0060.2%17.3%38.6%11.8%63.2%11.2%-4.3%33.0K-18.5M-20.9K0.0041.78N/AN/A20047,09424,488
2023-10-17$6.00$4.0066.2%19.0%39.3%14.2%65.0%8.6%-14.0%-845-19.2M-19.9K0.5133.71N/AN/A412147,10424,488
2023-10-18$5.86$4.0058.4%16.7%39.5%11.1%57.0%10.2%-1.0%33.8K-18.8M-21.8K1.2440.55N/AN/A1,6122,00047,10924,509
2023-10-19$5.88$4.0057.5%16.5%36.3%10.7%56.8%3.9%115.5%28.3K-18.9M-26.7K0.1476.17N/AN/A691048,71926,509
2023-10-20$5.76$4.0063.4%18.2%36.8%13.1%59.6%-5.8%-4.1%31.1K-18.0M-26.9K1.6839.92N/AN/A193248,78826,494
2023-10-23$5.75$4.0065.6%18.8%36.3%13.9%64.7%33.7%-8.9%34.5K-17.5M-26.7K1.2131.69N/AN/A16419848,24526,446
2023-10-24$6.06$4.0068.6%19.7%39.1%15.1%68.6%37.0%-13.2%-12.5K-19.7M-23.6K0.0037.02N/AN/A209048,37826,643
2023-10-25$5.71$4.0082.0%23.5%44.0%20.3%59.7%29.8%1.2%37.2K-17.4M-25.6K0.43111.27N/AN/A1888148,58826,643
2023-10-26$5.67$4.0070.9%20.3%43.9%16.0%83.7%27.3%-22.5%37.1K-17.2M-26.6K12.1040.59N/AN/A1012148,77326,643
2023-10-27$5.61$4.0073.9%21.2%43.8%17.2%0.0%23.6%-25.7%27.1K-17.0M-24.3K0.0035.34N/AN/A0148,77026,693
2023-10-30$5.75$4.0079.8%22.9%44.8%19.5%79.5%30.1%-16.3%32.4K-17.8M-25.2K0.0153.03N/AN/A6,6854248,77026,694
2023-10-31$5.79$4.0074.6%21.4%41.9%17.5%78.5%-1.2%-10.7%88.1K-19.9M-27.9K0.0031.57N/AN/A6,369153,86426,736