PAYO Options History — March 2024

In March 2024, PAYO traded between $4.26 and $4.95. ATM implied volatility averaged 62.8%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 23.6% (HV 20d: 86.4%). 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 10 of 20 days. Put/call ratio averaged 5.44.

Notable Days

2024-03-08: Highest Volume — 10,183 contracts
2024-03-15: Largest IV spike — 61.4% change
2024-03-07: Highest IV Rank — 100.0%
2024-03-15: Largest Expected Move — 19.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.62	$4.26	$4.95	$4.95	$4.88
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	62.8%	38.1%	129.3%	52.7%	41.7%
Expected Move	13.4%	10.9%	19.2%	15.1%	11.9%
HV 20d	86.4%	44.2%	92.0%	89.7%	44.2%
HV 60d	57.8%	56.5%	58.9%	56.8%	58.4%
IV Rank	35.5%	9.7%	100.0%	28.4%	13.3%
IV Percentile	44.3%	4.0%	100.0%	40.5%	10.7%
Term Structure	-0.0%	-27.2%	20.7%	-1.2%	-3.9%
VWIV	45.6%	32.8%	82.5%	43.6%	42.8%
Skew 25d	35.0%	-11.9%	250.3%	55.7%	250.3%
Skew 10d	57.3%	1.4%	353.2%	76.5%	353.2%
Call IV 25d	42.7%	26.4%	57.8%	42.3%	40.9%
Put IV 25d	77.7%	36.4%	291.2%	98.0%	291.2%
Bid-Ask Spread %	112.87	97.12	134.59	109.72	111.35
Gamma HHI	0.57	0.32	0.71	0.57	0.32
Net GEX	207.3K	160.9K	248.5K	222.8K	160.9K
Net DEX	-14.7M	-20.4M	-9.9M	-17.6M	-20.4M
Net VEX	-49.3K	-59.3K	-35.4K	-35.5K	-41.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.44	0.00	59.25	0.00	0.17
Total Volume	1,427.75	14	10,183	434	28
Total OI	78,666.3	64,243	88,543	64,243	88,543

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$4.95	$5.00	52.7%	15.1%	89.7%	28.4%	43.6%	55.7%	-1.2%	222.8K	-17.6M	-35.5K	0.00	109.72	N/A	N/A	433	1	55,425	8,818
2024-03-04	$4.67	$5.00	52.5%	12.4%	91.6%	28.2%	0.0%	12.8%	-8.5%	248.5K	-15.1M	-35.4K	0.53	134.59	N/A	N/A	192	102	55,625	8,818
2024-03-05	$4.55	$5.00	72.1%	13.0%	92.0%	50.9%	0.0%	10.3%	-7.5%	232.3K	-14.1M	-38.1K	10.50	133.10	N/A	N/A	32	336	55,768	8,920
2024-03-06	$4.54	$5.00	85.5%	12.8%	91.8%	66.4%	46.1%	-6.3%	0.2%	242.0K	-13.9M	-37.9K	0.23	114.33	N/A	N/A	359	81	55,772	9,256
2024-03-07	$4.50	$5.00	129.3%	17.3%	91.9%	100.0%	36.8%	13.7%	-2.3%	239.1K	-13.0M	-41.1K	0.22	126.35	N/A	N/A	5,433	1,180	55,778	9,337
2024-03-08	$4.62	$5.00	81.4%	12.9%	91.9%	52.6%	46.9%	19.4%	6.0%	246.5K	-14.9M	-50.3K	59.25	127.00	N/A	N/A	169	10,014	61,200	10,323
2024-03-11	$4.54	$5.00	116.1%	13.3%	91.9%	86.9%	52.9%	11.0%	3.1%	199.9K	-14.4M	-53.4K	0.09	111.81	N/A	N/A	117	10	61,144	19,083
2024-03-12	$4.51	$5.00	117.5%	14.0%	90.8%	88.4%	53.1%	12.4%	-16.5%	198.8K	-13.4M	-56.9K	0.53	117.35	N/A	N/A	97	51	61,231	20,333
2024-03-13	$4.46	$5.00	56.4%	16.2%	90.6%	27.9%	36.9%	-11.9%	-15.9%	200.0K	-12.3M	-56.0K	0.17	113.96	N/A	N/A	116	20	61,247	20,483
2024-03-14	$4.29	$5.00	41.5%	11.9%	86.5%	13.2%	35.7%	5.5%	20.5%	192.4K	-10.6M	-57.2K	23.44	111.13	N/A	N/A	148	3,469	61,230	20,503
2024-03-15	$4.26	$5.00	67.0%	19.2%	86.1%	38.4%	0.0%	37.6%	-27.2%	204.4K	-9.9M	-59.3K	10.45	125.34	N/A	N/A	22	230	61,246	23,728
2024-03-18	$4.50	$5.00	39.6%	11.4%	89.4%	11.3%	32.8%	9.9%	-23.6%	191.2K	-13.8M	-51.7K	0.09	100.79	N/A	N/A	169	16	59,741	23,661
2024-03-19	$4.61	$5.00	45.1%	12.9%	90.1%	16.8%	36.6%	5.8%	12.0%	202.8K	-13.3M	-58.0K	0.00	102.57	N/A	N/A	63	0	59,805	23,661
2024-03-20	$4.80	$5.00	43.4%	12.4%	91.6%	15.0%	40.0%	227.8%	3.7%	188.0K	-15.6M	-55.3K	0.58	102.75	N/A	N/A	12	7	59,848	23,661
2024-03-21	$4.81	$5.00	53.6%	15.4%	91.6%	25.1%	49.4%	6.5%	-2.4%	194.4K	-16.3M	-52.0K	0.00	104.71	N/A	N/A	201	0	59,843	23,654
2024-03-22	$4.67	$5.00	38.1%	10.9%	91.4%	9.7%	82.5%	5.8%	20.7%	191.7K	-14.9M	-54.9K	0.00	106.80	N/A	N/A	1,408	0	60,012	23,654
2024-03-25	$4.67	$5.00	40.2%	11.5%	91.3%	11.9%	0.0%	6.3%	17.4%	185.6K	-14.9M	-52.8K	0.00	100.72	N/A	N/A	3,718	0	61,261	23,654
2024-03-26	$4.69	$5.00	41.2%	11.8%	91.1%	12.9%	0.0%	2.3%	5.4%	195.4K	-17.3M	-49.9K	0.00	97.12	N/A	N/A	307	0	64,876	23,654
2024-03-27	$4.87	$5.00	40.3%	11.5%	52.0%	11.9%	47.3%	24.3%	19.9%	208.5K	-18.5M	-49.8K	2.50	105.90	N/A	N/A	4	10	64,876	23,654
2024-03-28	$4.88	$5.00	41.7%	11.9%	44.2%	13.3%	42.8%	250.3%	-3.9%	160.9K	-20.4M	-41.4K	0.17	111.35	N/A	N/A	24	4	64,879	23,664