PAYO Options History — August 2024

In August 2024, PAYO traded between $5.21 and $7.45. ATM implied volatility averaged 47.6%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 22.8% (HV 20d: 70.4%). Max pain ranged from $5.00 to $7.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.85.

Notable Days

  • 2024-08-13: Highest Volume — 12,023 contracts
  • 2024-08-05: Largest IV spike — 79.9% change
  • 2024-08-06: Highest IV Rank — 81.7%
  • 2024-08-05: Largest Expected Move — 44.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.70$5.21$7.45$5.58$7.45
Max Pain$6.36$5.00$7.00$5.00$7.00
ATM IV47.6%18.8%108.9%70.7%18.8%
Expected Move12.7%5.4%44.4%20.3%5.4%
HV 20d70.4%25.1%81.4%25.1%79.7%
HV 60d46.9%25.3%51.7%32.7%51.6%
IV Rank26.6%0.7%81.7%47.4%0.7%
IV Percentile33.1%0.4%98.4%84.5%0.4%
Term Structure0.4%-118.9%75.9%-29.1%35.1%
VWIV36.4%17.8%69.9%69.9%17.8%
Skew 25d7.5%-36.6%47.0%-8.8%5.6%
Skew 10d8.4%-37.4%60.1%-25.9%0.4%
Call IV 25d38.2%19.3%93.3%79.5%19.3%
Put IV 25d45.6%24.9%94.8%70.6%24.9%
Bid-Ask Spread %106.5324.80143.71103.0184.12
Gamma HHI0.550.270.760.300.64
Net GEX436.7K127.9K692.1K202.6K421.2K
Net DEX-25.0M-33.3M-8.3M-12.7M-33.3M
Net VEX-50.8K-55.0K-42.0K-55.0K-51.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.850.0020.600.630.00
Total Volume1,757.53212,02357448
Total OI71,582.54566,42684,95668,01875,257

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$5.58$5.0070.7%20.3%25.1%47.4%69.9%-8.8%-29.1%202.6K-12.7M-55.0K0.63103.01N/AN/A352243,24724,771
2024-08-02$5.44$5.0060.5%17.3%26.8%38.2%69.2%-36.6%37.4%178.7K-11.5M-54.8K1.0990.87N/AN/A687443,25724,763
2024-08-05$5.21$5.00108.9%44.4%30.7%81.6%0.0%29.1%-118.9%127.9K-8.3M-54.3K0.11143.71N/AN/A1021143,31724,720
2024-08-06$5.24$5.00108.9%20.2%30.8%81.7%37.1%47.0%-15.3%157.1K-9.9M-52.8K0.02132.15N/AN/A2,2853643,31824,730
2024-08-07$6.44$5.0051.4%26.6%78.6%30.0%54.1%0.8%-97.1%282.9K-21.0M-48.0K0.02128.53N/AN/A2,9864845,47624,760
2024-08-08$6.61$6.0089.6%9.2%78.8%64.4%38.0%24.2%-1.5%315.5K-23.2M-47.4K0.06136.67N/AN/A6323746,97124,798
2024-08-09$6.72$6.0067.4%10.3%78.3%44.4%35.8%9.0%1.8%322.3K-24.2M-46.1K0.26115.42N/AN/A1,01626046,98624,802
2024-08-12$6.91$6.0063.6%10.6%78.3%41.0%36.9%21.1%6.0%295.6K-25.4M-47.5K0.03112.61N/AN/A1,4594747,10825,009
2024-08-13$7.08$6.0043.2%9.9%78.3%22.7%34.5%10.4%2.4%294.6K-27.2M-42.0K0.06120.74N/AN/A11,36865547,56025,039
2024-08-14$6.80$7.0036.0%10.3%80.4%16.2%36.0%10.0%5.2%555.8K-27.4M-54.2K0.06119.50N/AN/A1,5849957,84525,651
2024-08-15$7.03$7.0032.8%9.4%80.5%13.3%32.8%6.2%75.9%687.7K-30.2M-51.7K0.0098.72N/AN/A2,404058,16525,667
2024-08-16$7.13$7.0034.1%9.8%80.4%14.5%34.1%11.3%-3.1%528.7K-32.7M-51.5K0.00112.12N/AN/A1,130259,28925,667
2024-08-19$7.09$7.0030.9%8.9%80.5%11.6%30.9%-6.5%5.4%568.4K-29.4M-50.6K0.01102.19N/AN/A348354,96111,543
2024-08-20$6.95$7.0030.6%8.8%81.4%11.3%31.3%-0.0%1.8%582.0K-27.7M-53.0K1.1024.80N/AN/A11512654,88411,542
2024-08-21$6.96$7.0032.5%9.3%79.9%13.1%32.5%-7.0%19.4%565.5K-28.1M-50.9K0.00105.72N/AN/A2,191054,88511,637
2024-08-22$6.96$7.0033.4%9.6%80.0%13.8%0.0%7.0%5.6%566.3K-28.0M-52.3K0.63110.23N/AN/A493155,74511,627
2024-08-23$7.00$7.0032.0%9.2%80.1%12.6%32.2%24.3%7.1%583.2K-28.4M-52.6K0.00107.36N/AN/A32055,69911,657
2024-08-26$7.11$7.0022.3%6.4%79.9%3.9%26.0%-2.3%10.1%692.1K-30.0M-49.4K13.08111.83N/AN/A2553,33555,70811,657
2024-08-27$7.19$7.0026.2%7.5%79.9%7.3%26.3%10.6%36.0%622.3K-30.6M-52.7K0.03107.05N/AN/A4361255,73114,992
2024-08-28$7.06$7.0031.9%9.1%80.4%12.5%31.9%3.5%10.2%585.0K-29.5M-47.9K20.6083.74N/AN/A1392,86355,80515,002
2024-08-29$7.38$7.0022.0%6.3%81.1%3.5%21.9%5.3%15.1%471.4K-32.5M-50.4K2.9292.52N/AN/A4901,43255,79917,769
2024-08-30$7.45$7.0018.8%5.4%79.7%0.7%17.8%5.6%35.1%421.2K-33.3M-51.6K0.0084.12N/AN/A446256,04619,211