PAYO Options History — January 2024

In January 2024, PAYO traded between $4.71 and $5.05. ATM implied volatility averaged 46.6%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 16.5% (HV 20d: 30.0%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2024-01-18: Highest Volume — 18,102 contracts
  • 2024-01-30: Largest IV spike — 25.5% change
  • 2024-01-30: Highest IV Rank — 34.6%
  • 2024-01-04: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.87$4.71$5.05$5.04$4.71
Max Pain$5.90$5.00$6.00$5.00$6.00
ATM IV46.6%38.0%58.1%39.0%53.2%
Expected Move13.6%10.9%20.0%11.2%15.2%
HV 20d30.0%23.9%37.7%37.7%23.9%
HV 60d36.9%33.9%39.4%39.4%34.6%
IV Rank10.5%3.8%34.6%4.2%29.0%
IV Percentile20.1%3.6%45.2%4.4%39.3%
Term Structure4.2%-40.8%36.5%2.5%11.7%
VWIV46.0%38.7%57.6%38.7%57.6%
Skew 25d17.9%-14.6%133.0%33.7%5.1%
Skew 10d26.6%-20.8%189.6%68.3%2.3%
Call IV 25d45.8%35.4%55.0%35.5%46.2%
Put IV 25d63.7%37.7%177.8%69.2%51.3%
Bid-Ask Spread %67.1533.34105.2572.6394.49
Gamma HHI0.410.310.580.430.35
Net GEX-37.1K-129.0K60.9K-74.7K60.9K
Net DEX-1.7M-8.2M3.1M778.4K-7.4M
Net VEX-22.7K-32.9K-13.8K-19.5K-29.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.0012.361.210.00
Total Volume1,339.5243018,10211530
Total OI53,771.28646,26272,44354,25053,574

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$5.04$5.0039.0%11.2%37.7%4.2%38.7%33.7%2.5%-74.7K778.4K-19.5K1.2172.63N/AN/A526327,46526,785
2024-01-03$5.00$5.0044.7%12.8%36.9%6.4%45.3%27.2%28.0%-69.6K983.9K-18.3K0.3473.40N/AN/A933227,49226,828
2024-01-04$4.99$6.0046.3%20.0%36.4%7.1%51.7%4.7%-40.8%-56.2K1.1M-20.6K1.9861.83N/AN/A6312527,48426,859
2024-01-05$4.99$6.0048.1%14.2%36.4%7.7%0.0%-3.0%-10.8%-78.9K1.5M-18.0K0.00103.63N/AN/A53027,45526,882
2024-01-08$5.05$6.0052.9%13.6%36.6%9.6%47.4%-6.9%4.1%-80.0K1.4M-18.5K0.2252.42N/AN/A37827,44126,818
2024-01-09$5.04$6.0043.3%12.0%36.2%5.9%44.2%-14.6%11.8%-104.7K1.3M-18.0K1.4959.77N/AN/A477027,44826,810
2024-01-10$4.88$6.0045.4%13.0%37.4%6.7%44.8%-12.5%4.2%-129.0K2.0M-17.3K0.3354.56N/AN/A361227,44826,769
2024-01-11$4.92$6.0055.7%16.0%31.4%10.7%50.7%-6.9%-14.5%-104.1K1.7M-17.6K0.5641.84N/AN/A271527,46126,773
2024-01-12$4.83$6.0048.3%13.8%30.9%7.8%49.7%-8.6%-3.7%-105.8K1.8M-16.9K0.7257.89N/AN/A292127,46626,785
2024-01-16$4.83$6.0039.6%11.3%30.1%4.4%44.4%-0.7%7.3%-117.0K2.4M-16.6K0.1194.66N/AN/A2452627,47226,806
2024-01-17$4.72$6.0038.0%10.9%26.0%3.8%43.1%7.2%20.0%-104.9K2.8M-14.7K12.3666.30N/AN/A2834627,64626,717
2024-01-18$4.78$6.0045.0%12.9%26.3%6.5%44.6%101.1%36.5%-105.7K3.1M-13.8K0.0072.52N/AN/A18,0782427,65526,863
2024-01-19$4.79$6.0040.1%11.5%26.1%4.6%39.2%-3.9%6.4%15.4K-3.8M-27.0K0.2459.26N/AN/A3899245,69726,746
2024-01-22$4.88$6.0042.7%12.2%26.9%5.6%42.7%1.6%31.5%12.0K-5.7M-30.8K0.0133.34N/AN/A1,2581732,95513,307
2024-01-23$4.86$6.0042.9%12.3%25.0%5.7%38.9%106.7%-6.2%34.5K-5.7M-28.9K0.0068.54N/AN/A971134,15813,319
2024-01-24$4.79$6.0046.6%13.4%25.1%7.2%0.0%15.0%5.3%34.4K-5.5M-28.7K0.03105.25N/AN/A30135,06713,288
2024-01-25$4.79$6.0056.3%16.1%24.3%10.9%55.8%-6.7%-5.2%32.2K-5.7M-28.0K0.0068.71N/AN/A5,432035,04213,288
2024-01-26$4.75$6.0045.5%13.1%24.2%20.1%41.5%7.5%-1.1%48.2K-7.8M-32.9K0.0559.63N/AN/A64340,44113,288
2024-01-29$4.88$6.0046.3%13.3%25.8%20.9%47.2%133.0%6.2%57.1K-8.2M-31.4K0.0149.23N/AN/A146240,51413,121
2024-01-30$4.75$6.0058.1%16.6%27.0%34.6%57.6%-3.9%-3.9%55.9K-7.6M-30.3K0.0260.20N/AN/A161340,64113,123
2024-01-31$4.71$6.0053.2%15.2%23.9%29.0%0.0%5.1%11.7%60.9K-7.4M-29.8K0.0094.49N/AN/A30040,78912,785