PAYO Options History — December 2023

In December 2023, PAYO traded between $4.84 and $5.33. ATM implied volatility averaged 55.0%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 17.4% (HV 20d: 37.6%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 5.20.

Notable Days

  • 2023-12-04: Highest Volume — 6,592 contracts
  • 2023-12-04: Largest IV spike — 142.9% change
  • 2023-12-12: Highest IV Rank — 31.3%
  • 2023-12-08: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.10$4.84$5.33$5.25$5.24
Max Pain$5.10$5.00$6.00$6.00$5.00
ATM IV55.0%28.2%108.6%28.2%33.0%
Expected Move12.9%8.1%14.4%8.1%9.5%
HV 20d37.6%33.8%42.0%41.5%35.9%
HV 60d39.5%38.2%40.4%38.9%38.8%
IV Rank10.4%0.0%31.3%0.0%1.9%
IV Percentile30.7%0.0%97.6%0.0%1.6%
Term Structure7.3%-10.0%40.0%8.3%20.3%
VWIV45.5%28.0%58.4%32.4%28.0%
Skew 25d14.8%-7.4%35.3%1.5%12.8%
Skew 10d20.9%-6.0%72.4%-6.0%72.4%
Call IV 25d32.7%23.4%52.9%35.5%25.3%
Put IV 25d47.5%36.9%66.0%36.9%38.1%
Bid-Ask Spread %45.2822.3481.4377.8144.26
Gamma HHI0.280.200.320.210.31
Net GEX-32.8K-65.8K33.9K33.9K-26.4K
Net DEX849.7K-219.7K1.8M-219.7K-57.2K
Net VEX-22.7K-24.9K-16.8K-16.8K-23.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.200.0074.770.330.02
Total Volume758.286,5928180
Total OI51,135.443,72554,23443,72854,234

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$5.25$6.0028.2%8.1%41.5%0.0%32.4%1.5%8.3%33.9K-219.7K-16.8K0.3377.81N/AN/A6223,35320,375
2023-12-04$5.13$6.0068.5%13.1%42.0%15.7%41.9%13.6%23.6%21.7K177.2K-18.0K74.7761.76N/AN/A876,50523,34820,377
2023-12-05$5.04$5.0061.5%13.7%40.8%13.0%47.8%18.9%4.8%-32.0K1.4M-24.4K0.1681.43N/AN/A1412223,34926,736
2023-12-06$5.03$5.0058.3%13.3%38.7%11.7%58.4%19.3%-1.5%-39.2K1.1M-21.7K0.5025.18N/AN/A241223,47625,720
2023-12-07$5.06$5.0052.6%13.0%37.9%9.5%45.3%27.3%-3.5%-48.8K1.2M-22.1K19.4843.55N/AN/A3364323,53625,711
2023-12-08$5.14$5.0088.8%14.4%34.8%23.6%0.0%24.2%-7.7%-44.9K1.2M-22.6K0.0053.48N/AN/A28023,55326,340
2023-12-11$5.05$5.0091.5%13.0%33.9%24.7%45.3%20.8%-10.0%-56.0K1.3M-21.9K0.0648.06N/AN/A2131323,56726,340
2023-12-12$5.33$5.00108.6%13.5%39.5%31.3%49.5%-6.5%40.0%-14.5K312.9K-24.8K0.6935.92N/AN/A67546523,77226,350
2023-12-13$5.20$5.0049.3%14.1%33.8%8.2%46.2%35.3%-5.3%-54.9K1.3M-22.0K0.2769.34N/AN/A1,27735123,78026,738
2023-12-14$5.08$5.0044.7%12.8%34.4%6.4%44.7%15.7%4.0%-37.5K1.0M-23.9K0.1535.20N/AN/A83612624,89026,738
2023-12-15$4.84$5.0048.4%13.9%36.5%7.9%50.0%6.9%-2.0%-59.2K1.4M-23.3K0.0823.91N/AN/A1941525,63026,621
2023-12-18$4.88$5.0046.6%13.3%36.9%7.1%47.3%9.3%-0.4%-65.8K1.8M-21.9K0.0128.22N/AN/A1,0581525,53426,607
2023-12-19$4.92$5.0043.1%12.4%37.2%5.8%43.1%24.2%27.1%-41.5K1.2M-24.6K0.0054.55N/AN/A1,012126,33826,622
2023-12-20$4.95$5.0046.0%13.2%37.3%6.9%46.1%8.8%11.0%-42.9K1.2M-24.9K0.3629.29N/AN/A1555626,93926,623
2023-12-21$5.08$5.0049.9%14.3%38.8%8.4%50.9%17.5%-3.8%-48.8K989.3K-23.0K6.8122.34N/AN/A2114327,03926,618
2023-12-22$5.12$5.0043.3%12.4%38.5%5.9%43.3%14.8%11.7%-27.5K795.5K-23.9K0.1626.13N/AN/A58927,09426,723
2023-12-26$5.19$5.0045.8%13.1%37.8%6.9%47.3%20.7%11.2%-24.6K363.4K-23.5K0.0157.21N/AN/A202127,15726,773
2023-12-27$5.21$5.0044.3%12.7%37.5%6.3%44.3%19.0%20.4%-21.4K191.2K-24.1K0.1863.16N/AN/A34627,27426,774
2023-12-28$5.29$5.0047.2%13.5%37.7%7.4%53.0%-7.4%-2.1%-25.1K153.1K-22.7K0.0224.79N/AN/A5351027,27926,780
2023-12-29$5.24$5.0033.0%9.5%35.9%1.9%28.0%12.8%20.3%-26.4K-57.2K-23.8K0.0244.26N/AN/A177327,45226,782