PAYO Options History — July 2024

In July 2024, PAYO traded between $5.26 and $5.61. ATM implied volatility averaged 57.2%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 30.4% (HV 20d: 26.8%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2024-07-22: Highest Volume — 18,128 contracts
  • 2024-07-03: Largest IV spike — 115.8% change
  • 2024-07-03: Highest IV Rank — 64.8%
  • 2024-07-03: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.47$5.26$5.61$5.42$5.58
Max Pain$5.14$5.00$6.00$6.00$5.00
ATM IV57.2%38.2%90.2%46.5%62.9%
Expected Move16.6%12.0%25.8%13.3%18.0%
HV 20d26.8%24.7%28.2%26.9%25.1%
HV 60d33.7%32.7%34.8%33.7%33.5%
IV Rank35.2%18.1%64.8%25.6%40.3%
IV Percentile56.5%9.1%94.4%35.3%75.4%
Term Structure-7.9%-113.7%96.5%5.0%-9.5%
VWIV57.6%37.7%75.1%43.7%63.6%
Skew 25d-7.8%-30.1%12.7%-6.7%12.7%
Skew 10d8.4%-35.6%188.0%47.1%21.1%
Call IV 25d54.5%31.2%77.1%31.2%60.1%
Put IV 25d46.7%24.0%72.8%24.5%72.8%
Bid-Ask Spread %102.8583.68118.24110.08104.70
Gamma HHI0.320.280.390.310.30
Net GEX91.9K17.4K214.6K17.4K191.7K
Net DEX-6.6M-12.8M-2.6M-3.2M-12.5M
Net VEX-45.6K-57.3K-37.7K-43.4K-54.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.008.001.160.00
Total Volume1,090.909118,12897454
Total OI56,111.550,06067,60450,06067,604

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$5.42$6.0046.5%13.3%26.9%25.6%0.0%-6.7%5.0%17.4K-3.2M-43.4K1.16110.08N/AN/A455223,91426,146
2024-07-02$5.46$6.0041.8%12.0%27.2%21.4%0.0%0.9%0.5%27.3K-3.6M-42.6K0.00110.88N/AN/A681023,95926,198
2024-07-03$5.46$6.0090.2%25.8%26.4%64.8%0.0%-30.1%-113.7%25.0K-3.6M-43.2K0.00118.24N/AN/A1024,47026,198
2024-07-05$5.47$5.0038.2%14.2%24.7%18.1%43.7%3.3%-16.5%30.5K-3.6M-41.8K8.00104.77N/AN/A2520024,47026,198
2024-07-08$5.50$5.0045.9%13.0%24.9%25.0%43.9%3.4%39.0%31.4K-4.0M-42.3K0.0196.34N/AN/A181124,47526,398
2024-07-09$5.51$5.0044.6%14.6%25.0%23.9%55.1%-10.2%-6.3%29.2K-4.0M-43.0K0.00105.44N/AN/A355124,65226,399
2024-07-10$5.31$5.0054.7%15.7%25.9%33.0%75.1%-18.1%2.7%19.9K-2.6M-40.7K0.01112.57N/AN/A512525,08226,400
2024-07-11$5.33$5.0051.2%14.7%26.1%29.8%54.7%-9.2%18.4%39.1K-3.4M-43.4K0.00113.19N/AN/A79025,58026,373
2024-07-12$5.26$5.0054.5%15.6%26.3%32.8%0.0%-20.6%-25.6%29.6K-2.7M-43.4K0.00103.76N/AN/A112025,58526,378
2024-07-15$5.39$5.0055.7%16.0%26.4%33.9%63.8%2.0%-10.0%59.2K-4.3M-38.1K4.9398.35N/AN/A3341,64525,49226,378
2024-07-16$5.54$5.0049.6%14.2%28.2%28.4%50.0%-16.3%-8.5%75.1K-5.1M-38.7K0.00101.82N/AN/A51025,50624,916
2024-07-17$5.55$5.0051.6%14.8%28.1%30.2%52.0%-17.2%-17.0%100.6K-5.4M-37.7K0.00107.58N/AN/A12025,50524,936
2024-07-18$5.50$5.0049.8%14.3%28.1%28.6%51.7%-16.0%96.5%80.1K-4.8M-39.1K0.00109.49N/AN/A13025,50524,936
2024-07-19$5.51$5.0049.9%14.3%28.0%28.6%52.5%-13.5%-11.4%74.4K-5.2M-40.2K0.01104.13N/AN/A84125,50424,936
2024-07-22$5.51$5.0057.6%16.5%27.4%35.5%58.1%-8.3%-18.7%77.6K-5.3M-39.6K0.0097.43N/AN/A18,126225,53524,752
2024-07-23$5.58$5.0058.3%16.7%27.7%36.2%37.7%-17.2%-6.8%194.0K-12.2M-54.2K0.0199.31N/AN/A484342,21324,750
2024-07-24$5.41$5.0081.7%23.4%27.7%57.3%62.7%-6.1%2.8%173.8K-11.5M-57.3K0.0098.54N/AN/A108042,59724,747
2024-07-25$5.44$5.0066.7%19.1%27.8%43.7%65.4%11.8%-9.2%156.8K-11.7M-57.1K0.1783.68N/AN/A1222142,56524,747
2024-07-26$5.49$5.0074.7%21.4%28.0%50.9%69.6%0.3%-37.6%179.7K-11.4M-56.5K0.0094.35N/AN/A55042,65224,761
2024-07-29$5.49$5.0060.9%17.5%27.6%38.5%65.8%-12.7%-17.8%194.5K-12.1M-53.4K0.0891.11N/AN/A1291042,69424,761
2024-07-30$5.61$5.0071.0%20.4%25.0%47.7%71.2%-4.8%-30.3%214.6K-12.8M-52.5K0.0096.85N/AN/A96042,81524,771
2024-07-31$5.58$5.0062.9%18.0%25.1%40.3%63.6%12.7%-9.5%191.7K-12.5M-54.7K0.00104.70N/AN/A452242,83324,771