PAYO Options History — April 2024

In April 2024, PAYO traded between $4.75 and $5.17. ATM implied volatility averaged 52.6%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 20.5% (HV 20d: 32.1%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 6.49.

Notable Days

  • 2024-04-02: Highest Volume — 5,917 contracts
  • 2024-04-05: Largest IV spike — 22.0% change
  • 2024-04-26: Highest IV Rank — 36.9%
  • 2024-04-26: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.89$4.75$5.17$4.87$4.96
Max Pain$4.14$4.00$5.00$5.00$4.00
ATM IV52.6%35.5%65.5%46.0%64.1%
Expected Move15.4%10.2%18.8%13.2%18.4%
HV 20d32.1%21.7%43.7%43.7%27.9%
HV 60d58.4%58.1%59.1%58.3%58.6%
IV Rank24.2%7.2%36.9%17.6%35.5%
IV Percentile43.7%2.4%71.4%24.6%70.6%
Term Structure4.0%-23.7%187.6%1.6%-23.7%
VWIV57.4%35.4%93.0%93.0%63.3%
Skew 25d21.4%-14.6%227.5%11.0%4.8%
Skew 10d41.5%-23.6%341.4%11.1%7.8%
Call IV 25d45.3%35.1%71.4%40.5%53.5%
Put IV 25d66.7%42.9%276.5%51.5%58.3%
Bid-Ask Spread %82.5236.25107.20100.5490.69
Gamma HHI0.360.300.460.410.31
Net GEX219.4K70.5K298.2K190.6K222.8K
Net DEX-20.4M-24.8M-17.9M-19.2M-22.0M
Net VEX-44.1K-51.9K-32.3K-47.4K-38.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.490.00118.130.000.08
Total Volume646.5115,9175614
Total OI93,233.18288,50096,23388,55096,178

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$4.87$5.0046.0%13.2%43.7%17.6%93.0%11.0%1.6%190.6K-19.2M-47.4K0.00100.54N/AN/A56064,88423,666
2024-04-02$4.83$5.0040.6%11.7%38.3%12.3%77.8%14.9%16.1%226.4K-18.2M-47.2K0.44107.20N/AN/A4,1191,79864,83423,666
2024-04-03$4.88$5.0035.5%10.2%36.9%7.2%35.4%8.7%8.9%298.2K-20.4M-41.7K118.13103.39N/AN/A161,89067,50723,960
2024-04-04$4.75$4.0039.3%14.7%38.4%11.0%54.7%0.5%-8.6%280.2K-17.9M-48.1K0.0174.22N/AN/A179167,51123,555
2024-04-05$4.80$4.0047.9%15.9%38.3%19.5%54.8%1.2%-7.7%248.4K-18.1M-51.9K0.1597.34N/AN/A27467,62523,556
2024-04-08$4.88$4.0054.4%14.9%37.7%26.0%52.1%4.1%7.5%234.6K-19.8M-47.1K1.3942.72N/AN/A182567,72523,558
2024-04-09$4.86$4.0045.1%15.7%37.0%16.8%54.3%6.8%-11.4%233.2K-19.6M-48.1K0.0036.25N/AN/A124067,72823,583
2024-04-10$4.86$4.0047.0%13.5%36.9%18.5%47.0%-0.1%22.8%245.3K-19.8M-42.9K0.1072.37N/AN/A10167,74723,583
2024-04-11$4.91$4.0054.0%15.5%36.5%25.5%54.1%1.4%-14.2%259.8K-20.2M-43.8K1.5473.67N/AN/A467167,74623,584
2024-04-12$4.80$4.0054.5%15.6%34.3%26.0%54.5%-1.3%-12.5%236.7K-18.8M-46.2K5.2665.97N/AN/A1910067,77123,553
2024-04-15$4.79$4.0047.7%13.7%34.1%19.3%48.0%2.1%-7.1%224.1K-19.3M-42.2K0.0090.75N/AN/A12067,76323,653
2024-04-16$4.84$4.0055.9%16.0%28.9%27.4%53.6%3.4%-3.0%233.6K-19.2M-44.7K1.2339.87N/AN/A2,0422,51467,75423,653
2024-04-17$4.87$4.0061.3%17.6%27.9%32.8%51.0%18.3%-10.0%248.5K-19.7M-49.6K0.5698.30N/AN/A251469,78226,165
2024-04-18$4.86$4.0064.8%18.6%24.1%36.2%64.8%11.6%187.6%234.2K-19.7M-51.6K0.0787.73N/AN/A2952069,77926,167
2024-04-19$4.89$4.0059.2%17.0%24.2%30.6%59.2%10.2%-7.6%219.3K-20.5M-47.7K0.2787.61N/AN/A2677270,05126,182
2024-04-22$4.95$4.0060.1%17.2%21.7%31.5%59.9%3.8%-3.1%247.5K-21.1M-45.0K0.0085.30N/AN/A96069,95626,062
2024-04-23$5.17$4.0054.2%15.5%26.0%25.7%49.8%160.1%-14.8%99.7K-24.8M-36.6K0.6194.15N/AN/A1187270,03826,062
2024-04-24$4.97$4.0052.3%15.0%30.4%23.8%43.0%7.5%-5.0%192.8K-22.8M-38.6K0.7296.09N/AN/A322369,96026,131
2024-04-25$4.94$4.0054.9%15.7%27.6%26.3%55.3%227.5%-15.2%70.5K-22.6M-35.2K2.9486.23N/AN/A175069,96726,154
2024-04-26$5.00$4.0065.5%18.8%27.9%36.9%65.1%-14.6%-19.0%240.0K-21.9M-43.2K9.0086.08N/AN/A21869,96526,203
2024-04-29$5.00$4.0053.6%15.4%27.9%25.1%72.5%-10.7%5.5%141.2K-23.7M-32.3K0.2398.91N/AN/A13369,96526,198
2024-04-30$4.96$4.0064.1%18.4%27.9%35.5%63.3%4.8%-23.7%222.8K-22.0M-38.8K0.0890.69N/AN/A13169,97726,201