PAYO Options History — September 2024

In September 2024, PAYO traded between $7.04 and $7.70. ATM implied volatility averaged 36.4%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 0.9% (HV 20d: 35.5%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.17.

Notable Days

  • 2024-09-13: Highest Volume — 3,105 contracts
  • 2024-09-11: Largest IV spike — 92.6% change
  • 2024-09-30: Highest IV Rank — 33.2%
  • 2024-09-30: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.38$7.04$7.70$7.19$7.53
Max Pain$7.00$7.00$7.00$7.00$7.00
ATM IV36.4%14.8%52.8%14.8%52.8%
Expected Move11.4%4.3%15.1%4.3%15.1%
HV 20d35.5%24.5%80.0%79.0%24.8%
HV 60d51.7%50.9%52.4%52.2%51.1%
IV Rank18.9%0.0%33.2%0.0%33.2%
IV Percentile18.4%0.0%55.6%0.0%55.6%
Term Structure7.6%-7.9%25.4%19.7%2.6%
VWIV40.0%14.5%74.7%14.5%51.3%
Skew 25d7.4%-26.0%22.3%-26.0%9.2%
Skew 10d15.7%-35.7%36.0%-35.7%23.8%
Call IV 25d37.4%26.1%58.4%43.3%43.3%
Put IV 25d44.7%17.3%53.8%17.3%52.5%
Bid-Ask Spread %109.7395.76124.01100.13114.83
Gamma HHI0.590.390.810.760.39
Net GEX447.0K224.4K859.2K696.0K241.4K
Net DEX-31.4M-36.5M-27.2M-31.3M-28.9M
Net VEX-44.8K-53.6K-37.6K-51.2K-40.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.001.070.020.04
Total Volume352.933,10515628
Total OI73,667.8565,77379,05475,53466,550

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$7.19$7.0014.8%4.3%79.0%0.0%14.5%-26.0%19.7%696.0K-31.3M-51.2K0.02100.13N/AN/A153356,32119,213
2024-09-04$7.05$7.0027.0%7.7%80.0%10.6%27.1%11.2%16.9%616.7K-28.7M-50.4K0.15114.49N/AN/A52856,32919,213
2024-09-05$7.04$7.0032.9%12.0%35.9%15.8%0.0%4.9%0.6%572.7K-27.2M-53.6K0.19124.01N/AN/A21456,32619,213
2024-09-06$7.04$7.0023.5%10.6%35.0%7.6%32.4%6.8%7.1%739.2K-28.3M-50.1K0.06123.00N/AN/A34256,32619,216
2024-09-09$7.08$7.0024.7%13.8%34.7%8.6%0.0%14.5%-3.8%742.2K-28.6M-48.4K0.06112.72N/AN/A1671056,33819,216
2024-09-10$7.08$7.0023.2%12.6%33.4%7.3%46.8%-11.2%-0.1%859.2K-28.8M-49.5K1.07118.39N/AN/A141556,43119,226
2024-09-11$7.22$7.0044.8%12.8%33.0%26.1%0.0%22.3%2.0%622.3K-31.2M-45.9K0.00117.63N/AN/A25056,42719,241
2024-09-12$7.49$7.0042.6%12.2%31.5%24.3%31.7%14.8%12.0%404.4K-34.0M-46.4K0.00110.96N/AN/A1,891456,44719,241
2024-09-13$7.33$7.0043.6%12.5%30.9%25.2%52.5%14.5%-7.9%524.2K-33.8M-46.8K0.68113.77N/AN/A1,8461,25958,11019,243
2024-09-16$7.34$7.0039.6%11.4%30.6%21.7%37.4%5.8%4.4%487.5K-33.2M-44.7K0.00104.61N/AN/A116058,20420,415
2024-09-17$7.46$7.0048.8%14.0%30.9%29.7%25.6%19.5%-6.3%348.8K-35.3M-44.6K0.00108.28N/AN/A46058,29720,416
2024-09-18$7.50$7.0041.9%12.0%29.8%23.7%0.0%10.3%5.2%378.7K-35.6M-42.8K0.59119.56N/AN/A20111858,30620,443
2024-09-19$7.54$7.0031.3%9.0%29.7%14.4%56.3%-1.9%25.4%300.1K-36.5M-41.6K0.22108.33N/AN/A932058,44720,540
2024-09-20$7.54$7.0036.7%10.5%29.7%19.1%38.0%-13.1%10.9%229.8K-36.4M-42.4K0.07106.45N/AN/A41358,52220,532
2024-09-23$7.58$7.0039.5%11.3%29.7%21.6%0.0%2.5%14.3%224.4K-29.3M-41.3K0.2597.00N/AN/A441148,19917,574
2024-09-24$7.64$7.0041.4%11.9%29.5%23.2%39.8%17.4%9.2%231.1K-29.8M-39.6K0.0095.76N/AN/A181048,23717,573
2024-09-25$7.63$7.0039.1%11.2%29.4%21.2%26.6%16.8%18.1%233.5K-29.8M-39.2K0.0097.12N/AN/A583048,40317,573
2024-09-26$7.70$7.0042.2%12.1%28.3%23.9%44.7%16.0%9.6%249.8K-30.7M-38.5K0.00105.47N/AN/A3048,95117,573
2024-09-27$7.62$7.0037.9%10.9%24.5%20.2%74.7%12.8%12.8%238.5K-30.4M-37.6K0.03102.17N/AN/A60248,95217,573
2024-09-30$7.53$7.0052.8%15.1%24.8%33.2%51.3%9.2%2.6%241.4K-28.9M-40.9K0.04114.83N/AN/A27148,97917,571