PAYO Options History — November 2024

In November 2024, PAYO traded between $8.50 and $11.04. ATM implied volatility averaged 46.9%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 15.3% (HV 20d: 62.2%). Max pain ranged from $5.00 to $9.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.65.

Notable Days

  • 2024-11-01: Highest Volume — 39,183 contracts
  • 2024-11-08: Largest IV spike — 79.4% change
  • 2024-11-01: Highest IV Rank — 60.1%
  • 2024-11-01: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.44$8.50$11.04$8.50$10.86
Max Pain$8.20$5.00$9.00$5.00$9.00
ATM IV46.9%26.1%83.6%83.6%36.6%
Expected Move11.7%7.5%24.0%24.0%10.5%
HV 20d62.2%14.5%69.3%15.4%69.3%
HV 60d41.3%24.6%43.9%24.7%41.9%
IV Rank28.0%9.8%60.1%60.1%19.0%
IV Percentile35.9%4.4%91.7%91.7%15.5%
Term Structure-2.7%-28.1%12.9%-18.8%0.5%
VWIV41.0%28.8%80.0%80.0%39.0%
Skew 25d4.1%-6.0%19.6%19.6%1.4%
Skew 10d7.2%-16.1%39.2%13.8%15.4%
Call IV 25d38.3%26.2%68.1%60.3%39.4%
Put IV 25d42.4%31.7%80.0%80.0%40.9%
Bid-Ask Spread %109.9868.29120.9568.29105.02
Gamma HHI0.270.180.460.320.30
Net GEX132.8K25.3K655.3K333.5K60.0K
Net DEX-41.3M-63.2M-23.6M-39.9M-25.2M
Net VEX-19.3K-43.3K-12.6K-30.7K-15.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.0029.560.000.01
Total Volume3,528.612439,18339,183265
Total OI62,311.8539,57084,42872,20941,106

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$8.50$5.0083.6%24.0%15.4%60.1%80.0%19.6%-18.8%333.5K-39.9M-30.7K0.0068.29N/AN/A39,00018355,47816,731
2024-11-04$8.55$6.0083.3%16.7%14.5%59.8%61.7%-6.0%-8.4%655.3K-39.6M-43.3K0.18104.04N/AN/A8,8641,57861,70216,855
2024-11-05$10.25$6.0063.8%11.5%64.1%42.8%35.8%-0.7%4.7%252.4K-60.2M-18.3K0.03119.70N/AN/A5,08213961,69518,384
2024-11-06$10.39$6.0035.4%9.3%64.0%18.0%31.4%17.7%-0.4%247.3K-59.6M-17.5K0.06117.65N/AN/A6073960,31918,406
2024-11-07$10.68$6.0029.2%13.6%64.1%12.6%34.2%-5.3%-28.1%189.2K-62.1M-12.7K0.76120.78N/AN/A22517060,18218,423
2024-11-08$10.82$9.0052.4%8.4%64.1%32.9%29.7%3.7%1.0%151.6K-63.2M-12.6K0.20116.77N/AN/A2194360,25718,531
2024-11-11$10.38$9.0073.2%10.4%66.9%51.0%34.3%8.8%12.9%233.3K-59.4M-16.6K29.56120.95N/AN/A2898,54460,35718,538
2024-11-12$10.59$9.0062.8%9.6%67.0%41.9%38.3%-4.1%-10.6%55.0K-56.6M-19.6K0.06115.92N/AN/A1891157,42726,871
2024-11-13$10.39$9.0041.3%11.8%68.0%23.1%48.0%16.4%2.8%64.4K-54.6M-24.2K0.14109.28N/AN/A1271857,47326,871
2024-11-14$10.32$9.0040.1%11.5%68.3%22.1%37.2%-2.9%-6.5%70.3K-54.3M-23.0K0.14114.01N/AN/A1,84025457,55826,870
2024-11-15$10.34$9.0039.1%11.2%68.4%21.2%39.1%1.5%-3.6%25.3K-54.3M-20.0K0.14113.30N/AN/A1552256,72026,971
2024-11-18$10.70$9.0026.1%7.5%68.8%9.8%28.8%7.0%8.3%27.8K-23.8M-16.4K0.03111.38N/AN/A6261724,82014,750
2024-11-19$10.84$9.0035.1%10.1%68.8%17.8%37.0%-3.0%-0.6%34.9K-24.4M-15.9K0.10100.73N/AN/A2762725,20614,760
2024-11-20$10.82$9.0042.8%12.3%68.7%24.4%38.4%9.8%-0.8%31.2K-23.6M-20.0K0.10107.17N/AN/A1131125,35014,782
2024-11-21$10.75$9.0038.1%10.9%68.6%20.3%38.3%10.6%-3.3%34.1K-24.2M-16.7K1.26106.65N/AN/A708825,42414,793
2024-11-22$10.88$9.0042.2%12.1%68.4%23.9%42.0%11.3%-9.5%33.0K-23.9M-18.8K0.07112.37N/AN/A1931425,44914,878
2024-11-25$10.91$9.0040.3%11.6%68.5%22.2%42.6%-5.8%4.0%34.5K-24.7M-16.8K0.04104.08N/AN/A6872725,49914,882
2024-11-26$11.04$9.0036.9%10.6%68.5%19.3%46.6%4.2%-2.1%60.6K-26.1M-13.4K0.03118.12N/AN/A4191325,95714,876
2024-11-27$10.89$9.0035.2%10.1%69.1%17.8%36.8%-3.0%3.5%61.9K-25.5M-14.8K0.19113.41N/AN/A1082026,19814,888
2024-11-29$10.86$9.0036.6%10.5%69.3%19.0%39.0%1.4%0.5%60.0K-25.2M-15.7K0.01105.02N/AN/A263226,21814,888