PAYO Options History — November 2023

In November 2023, PAYO traded between $5.14 and $5.76. ATM implied volatility averaged 61.2%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 18.1% (HV 20d: 43.1%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.18.

Notable Days

  • 2023-11-08: Highest Volume — 8,034 contracts
  • 2023-11-08: Largest IV drop — 43.1% change
  • 2023-11-07: Highest IV Rank — 32.2%
  • 2023-11-01: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.50$5.14$5.76$5.72$5.14
Max Pain$5.00$4.00$6.00$4.00$6.00
ATM IV61.2%36.8%112.2%67.8%58.0%
Expected Move15.9%10.6%19.4%19.4%16.6%
HV 20d43.1%38.9%48.7%40.9%40.6%
HV 60d36.8%33.5%38.8%34.6%38.8%
IV Rank12.2%2.6%32.2%14.8%10.9%
IV Percentile38.6%1.6%98.4%51.2%32.5%
Term Structure-5.2%-45.1%17.2%-2.5%-2.9%
VWIV57.3%38.1%75.5%75.5%63.9%
Skew 25d3.6%-18.0%22.1%18.6%22.1%
Skew 10d13.0%-32.2%47.5%32.3%33.3%
Call IV 25d54.0%43.2%68.2%64.9%56.1%
Put IV 25d57.7%29.8%83.4%83.4%78.2%
Bid-Ask Spread %69.4141.83118.3943.7289.59
Gamma HHI0.220.170.340.280.19
Net GEX72.5K-16.7K185.2K151.8K10.2K
Net DEX-11.9M-21.2M569.9K-20.3M569.9K
Net VEX-24.9K-34.7K-18.1K-31.5K-18.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.002.200.000.02
Total Volume773.048388,0341,37364
Total OI69,933.66743,01890,48986,42743,726

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$5.72$4.0067.8%19.4%40.9%14.8%75.5%18.6%-2.5%151.8K-20.3M-31.5K0.0043.72N/AN/A1,368559,69026,737
2023-11-02$5.76$5.0079.4%19.4%40.7%19.3%63.8%16.8%-8.3%164.6K-21.1M-33.0K0.0051.05N/AN/A911361,05226,742
2023-11-03$5.75$5.0084.7%15.9%40.0%21.4%57.3%11.0%1.5%168.4K-21.2M-34.7K0.0058.41N/AN/A669161,91926,740
2023-11-06$5.55$5.0086.8%17.2%40.8%22.3%0.0%21.1%-4.1%163.5K-19.5M-32.1K0.1971.11N/AN/A1863562,45826,740
2023-11-07$5.72$5.00112.2%17.6%42.6%32.2%64.4%-17.1%-2.2%185.2K-20.8M-33.7K0.0486.82N/AN/A1,3626062,56326,742
2023-11-08$5.55$5.0063.8%18.3%43.1%13.2%66.6%-17.8%-12.6%146.2K-19.2M-29.0K0.01118.39N/AN/A7,9369863,69626,793
2023-11-09$5.29$5.0063.6%18.2%45.3%13.1%0.0%-18.0%-45.1%57.1K-16.6M-25.1K0.0188.79N/AN/A194158,82826,784
2023-11-10$5.42$5.0054.1%15.5%45.9%9.4%54.1%6.2%-2.6%-16.6K-16.9M-22.6K0.1347.07N/AN/A1331756,88526,649
2023-11-13$5.39$5.0064.3%18.4%43.6%13.4%65.0%10.0%-6.6%-16.7K-17.0M-22.8K0.0193.53N/AN/A135256,81826,639
2023-11-14$5.71$5.0050.6%14.5%48.2%8.0%38.1%9.4%-2.8%64.6K-19.3M-24.1K0.0095.33N/AN/A1,056056,84526,604
2023-11-15$5.71$5.0045.5%13.0%47.5%6.0%50.2%-2.2%-6.1%87.1K-19.7M-24.9K0.0060.52N/AN/A57057,53926,604
2023-11-16$5.53$5.0046.2%13.3%48.7%6.3%0.0%14.8%-2.8%48.9K-18.1M-23.6K0.6346.76N/AN/A513257,55226,604
2023-11-17$5.49$5.0050.6%14.5%48.3%8.0%47.3%16.5%17.2%46.4K-17.9M-22.9K0.1647.44N/AN/A631057,53626,603
2023-11-20$5.44$5.0040.2%11.5%48.4%3.9%47.4%-13.1%2.7%40.1K-467.2K-21.4K0.0087.52N/AN/A400122,45620,562
2023-11-21$5.39$5.0036.8%10.6%43.8%2.6%46.4%-17.0%8.3%33.6K-266.3K-21.8K0.1598.95N/AN/A3515122,80920,563
2023-11-22$5.38$5.0050.2%14.4%38.9%7.9%50.8%-0.5%-1.7%38.2K-297.1K-21.1K0.0041.83N/AN/A358022,81920,564
2023-11-24$5.46$5.0059.1%16.9%39.4%11.4%0.0%18.0%-9.3%46.5K-475.0K-21.8K2.2043.27N/AN/A408823,14420,564
2023-11-27$5.31$5.0056.7%16.2%40.3%10.4%68.5%7.9%-5.4%29.2K141.7K-18.1K0.0744.99N/AN/A86623,14520,579
2023-11-28$5.38$5.0059.0%16.9%39.5%11.3%56.7%-11.1%-22.8%40.2K-424.2K-19.3K0.1789.12N/AN/A3135323,21520,352
2023-11-29$5.31$5.0056.5%16.2%39.5%10.3%57.8%0.7%-2.3%34.1K-235.9K-20.6K0.0953.35N/AN/A35323,37520,372
2023-11-30$5.14$6.0058.0%16.6%40.6%10.9%63.9%22.1%-2.9%10.2K569.9K-18.5K0.0289.59N/AN/A63123,35120,375