PAYO Options History — May 2024

In May 2024, PAYO traded between $4.99 and $6.06. ATM implied volatility averaged 56.6%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 15.6% (HV 20d: 41.1%). 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 14 of 22 days. Put/call ratio averaged 13.61.

Notable Days

  • 2024-05-21: Highest Volume — 8,307 contracts
  • 2024-05-09: Largest IV spike — 207.8% change
  • 2024-05-09: Highest IV Rank — 71.6%
  • 2024-05-08: Largest Expected Move — 62.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.73$4.99$6.06$4.99$5.95
Max Pain$4.86$4.00$5.00$4.00$5.00
ATM IV56.6%23.1%100.5%62.7%32.0%
Expected Move16.5%6.6%62.7%18.0%9.2%
HV 20d41.1%25.7%47.5%27.7%43.7%
HV 60d54.3%36.1%62.7%58.6%36.4%
IV Rank28.9%0.0%71.6%34.1%8.3%
IV Percentile50.0%0.0%97.6%68.7%2.4%
Term Structure20.3%-24.5%285.0%-17.4%14.4%
VWIV48.1%22.6%101.7%54.1%27.9%
Skew 25d29.6%-5.7%220.1%8.9%1.8%
Skew 10d28.0%-10.3%312.5%12.9%3.0%
Call IV 25d38.5%23.8%63.2%51.4%30.0%
Put IV 25d68.2%26.3%264.6%60.3%31.8%
Bid-Ask Spread %115.6080.15142.0380.15114.47
Gamma HHI0.470.300.860.310.38
Net GEX151.3K18.2K281.0K189.7K120.6K
Net DEX-20.8M-35.0M-4.8M-22.5M-7.4M
Net VEX-36.0K-46.2K-22.4K-38.5K-44.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio13.610.00250.000.030.07
Total Volume1,519.227118,30714231
Total OI80,060.36436,824108,54396,16848,679

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$4.99$4.0062.7%18.0%27.7%34.1%54.1%8.9%-17.4%189.7K-22.5M-38.5K0.0380.15N/AN/A138469,96726,201
2024-05-02$5.00$4.0052.5%15.0%25.7%24.0%52.5%1.9%18.4%78.2K-23.3M-32.9K31.4882.32N/AN/A652,04670,09926,205
2024-05-03$5.08$4.0079.1%22.7%25.9%50.4%77.9%24.8%-22.7%195.0K-22.9M-40.1K0.0792.10N/AN/A46370,14228,233
2024-05-06$5.26$5.0078.7%15.9%28.0%49.9%58.7%-5.7%-17.1%125.1K-25.6M-34.2K0.01135.54N/AN/A8,2218070,13728,236
2024-05-07$5.25$5.0077.9%18.6%27.9%49.1%60.5%8.3%-24.5%231.6K-27.0M-38.3K0.57118.58N/AN/A1146575,59528,270
2024-05-08$5.87$5.0032.7%62.7%47.3%4.4%37.6%180.6%5.3%281.0K-35.0M-22.4K1.62142.03N/AN/A2,4874,02074,84628,235
2024-05-09$5.84$5.00100.5%16.1%47.5%71.6%101.7%27.8%7.2%231.3K-34.9M-31.8K0.02134.22N/AN/A160376,30032,243
2024-05-10$5.83$5.0060.1%10.7%46.3%31.5%32.2%6.9%3.9%219.2K-34.0M-30.6K0.26128.24N/AN/A2707074,13032,242
2024-05-13$5.75$5.0056.5%13.4%46.9%28.0%51.7%19.3%-15.7%202.8K-32.8M-30.9K0.00120.92N/AN/A768074,13232,213
2024-05-14$5.86$5.0097.8%12.1%47.0%68.8%29.7%4.7%-6.0%209.7K-34.0M-33.0K0.00121.57N/AN/A81074,89632,213
2024-05-15$5.84$5.0041.5%11.9%47.2%13.2%52.9%28.3%3.4%245.2K-34.1M-31.1K0.00130.28N/AN/A242074,91732,213
2024-05-16$5.84$5.0061.1%17.5%47.1%32.5%47.1%23.1%285.0%211.4K-33.8M-32.7K0.07128.37N/AN/A83675,09432,213
2024-05-17$5.88$5.0059.8%17.1%47.1%31.2%30.0%35.0%53.7%40.8K-33.3M-27.7K0.00127.84N/AN/A578275,10332,219
2024-05-20$5.88$5.0066.2%19.0%47.2%37.5%38.3%22.7%35.0%34.8K-5.0M-28.0K14.83118.96N/AN/A1352,00214,44522,379
2024-05-21$5.96$5.0067.4%19.3%45.5%38.7%40.5%27.8%10.8%18.2K-4.8M-29.9K0.01114.01N/AN/A8,18512214,50324,379
2024-05-22$5.94$5.0064.6%18.5%42.2%36.0%53.2%220.1%-6.9%96.2K-7.1M-42.0K0.05101.75N/AN/A1,93810122,49924,338
2024-05-23$5.87$5.0035.7%10.2%42.6%7.4%34.9%-3.9%7.6%87.6K-7.6M-46.2K0.03104.51N/AN/A33124,40824,338
2024-05-24$6.01$5.0046.6%13.4%42.9%18.2%58.4%22.7%-2.2%109.8K-8.0M-45.7K0.00106.83N/AN/A40024,41524,338
2024-05-28$6.04$5.0024.9%7.1%42.8%0.0%22.6%-2.9%17.3%122.8K-8.4M-44.5K0.21109.47N/AN/A14324,43024,338
2024-05-29$6.01$5.0024.9%7.1%42.6%0.0%27.9%-3.9%51.0%133.4K-8.2M-43.3K0.00115.84N/AN/A11024,43324,340
2024-05-30$6.06$5.0023.1%6.6%42.6%0.0%0.0%3.9%46.8%143.6K-8.4M-42.9K250.00115.30N/AN/A51,25024,43224,340
2024-05-31$5.95$5.0032.0%9.2%43.7%8.3%0.0%1.8%14.4%120.6K-7.4M-44.7K0.07114.47N/AN/A29224,43724,242