PAYO Options History — February 2024

In February 2024, PAYO traded between $4.50 and $5.56. ATM implied volatility averaged 64.5%, placing in the 42.1% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 27.5% (HV 20d: 37.1%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.30.

Notable Days

  • 2024-02-28: Highest Volume — 11,154 contracts
  • 2024-02-13: Largest IV spike — 104.4% change
  • 2024-02-26: Highest IV Rank — 84.7%
  • 2024-02-26: Largest Expected Move — 29.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.13$4.50$5.56$4.75$4.86
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV64.5%43.9%101.3%47.6%57.7%
Expected Move18.7%13.2%29.0%16.0%16.5%
HV 20d37.1%24.2%89.5%24.2%89.5%
HV 60d35.6%30.7%56.9%34.7%56.9%
IV Rank42.1%18.2%84.7%22.4%34.2%
IV Percentile55.7%13.1%98.0%25.0%49.2%
Term Structure28.3%-55.7%321.8%-1.9%-12.1%
VWIV68.4%43.1%98.7%62.8%56.8%
Skew 25d6.7%-39.3%64.5%-27.6%5.4%
Skew 10d26.0%-23.7%87.3%6.2%10.2%
Call IV 25d63.2%42.8%84.6%76.2%53.2%
Put IV 25d69.9%41.6%123.5%48.6%58.7%
Bid-Ask Spread %115.6972.06138.25112.2297.30
Gamma HHI0.370.300.630.340.60
Net GEX112.2K7.8K226.6K56.5K226.6K
Net DEX-13.4M-17.8M-7.7M-7.7M-15.9M
Net VEX-32.0K-40.3K-26.0K-33.1K-40.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.005.280.000.02
Total Volume1,395.41711,15471572
Total OI56,299.248,80463,98953,57263,989

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$4.75$5.0047.6%16.0%24.2%22.4%0.0%-27.6%-1.9%56.5K-7.7M-33.1K0.00112.22N/AN/A71040,78712,785
2024-02-02$4.88$5.0062.5%13.9%26.4%39.7%62.8%-39.3%-8.5%57.9K-8.2M-32.9K0.00116.29N/AN/A205040,77512,772
2024-02-05$4.83$5.0043.9%14.6%26.6%18.2%0.0%40.4%-1.3%53.4K-8.0M-29.3K0.01112.05N/AN/A3,6115040,97612,772
2024-02-06$4.88$5.0049.5%17.7%26.4%24.7%48.9%27.9%-18.3%63.2K-9.4M-32.4K0.0672.06N/AN/A16144,58612,822
2024-02-07$4.84$5.0055.1%15.8%26.6%31.2%55.5%6.1%-2.4%67.2K-9.6M-33.0K0.00110.22N/AN/A52044,59312,822
2024-02-08$4.96$5.0057.5%16.5%25.6%34.0%60.7%7.5%-20.0%30.0K-10.6M-31.3K0.00113.85N/AN/A3,691044,64312,822
2024-02-09$5.00$5.0057.0%16.4%25.6%33.4%57.1%-24.8%-2.6%51.5K-12.1M-33.8K0.0092.88N/AN/A34048,33112,822
2024-02-12$5.17$5.0048.9%14.0%27.0%23.9%43.1%-27.7%15.4%67.6K-14.2M-31.8K0.0099.59N/AN/A661148,35612,822
2024-02-13$5.04$5.0099.9%28.6%28.9%83.1%0.0%64.5%-14.7%7.8K-12.7M-35.4K0.03138.25N/AN/A58248,18012,821
2024-02-14$5.41$5.0070.5%20.2%36.3%49.0%86.7%17.6%-22.0%107.5K-15.2M-35.8K0.00132.55N/AN/A1,610048,23212,821
2024-02-15$5.47$5.0046.0%13.2%36.3%20.7%91.4%-8.8%314.4%154.2K-17.0M-29.5K0.0397.18N/AN/A5701648,70012,821
2024-02-16$5.42$5.0052.0%14.9%36.7%27.6%54.9%-24.3%40.5%148.9K-17.0M-27.6K0.25134.73N/AN/A882248,64612,835
2024-02-20$5.41$5.0059.2%17.0%36.5%35.9%67.0%-7.1%321.8%153.7K-16.8M-26.0K0.01135.21N/AN/A297443,7405,064
2024-02-21$5.31$5.0074.5%21.4%37.3%53.7%87.4%55.3%21.8%161.5K-16.0M-30.8K5.28136.61N/AN/A4782,52644,0155,064
2024-02-22$5.34$5.0053.4%15.3%36.7%29.2%69.9%-7.5%49.3%163.4K-15.6M-34.6K0.03127.64N/AN/A4761444,4887,584
2024-02-23$5.46$5.0072.8%20.9%37.1%51.7%61.8%36.7%4.4%155.0K-17.3M-30.6K0.00136.65N/AN/A72044,7527,598
2024-02-26$5.49$5.00101.3%29.0%36.6%84.7%98.7%40.5%-42.0%155.9K-17.3M-29.5K0.00111.17N/AN/A413144,7977,598
2024-02-27$5.56$5.0090.8%26.0%36.0%72.6%88.2%7.0%0.9%163.4K-17.8M-30.1K0.02106.31N/AN/A1,1152745,3387,599
2024-02-28$4.50$5.0090.9%26.1%85.0%72.7%71.4%-7.9%-55.7%199.5K-10.2M-31.4K0.17131.04N/AN/A9,5251,62946,1907,626
2024-02-29$4.86$5.0057.7%16.5%89.5%34.2%56.8%5.4%-12.1%226.6K-15.9M-40.3K0.0297.30N/AN/A5611155,1778,812