PAYO Options History — December 2024

In December 2024, PAYO traded between $9.88 and $10.96. ATM implied volatility averaged 38.6%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 3.3% (HV 20d: 41.9%). Max pain ranged from $5.00 to $9.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2024-12-19: Highest Volume — 1,579 contracts
  • 2024-12-19: Largest IV drop — 39.9% change
  • 2024-12-16: Highest IV Rank — 37.1%
  • 2024-12-16: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.30$9.88$10.96$10.57$10.06
Max Pain$5.57$5.00$9.00$9.00$5.00
ATM IV38.6%26.3%57.3%39.5%28.8%
Expected Move11.0%7.5%16.4%11.3%8.3%
HV 20d41.9%29.0%69.9%69.9%41.4%
HV 60d45.9%42.3%47.7%42.5%47.7%
IV Rank20.8%10.0%37.1%21.5%12.2%
IV Percentile24.2%5.2%70.2%20.6%6.3%
Term Structure3.8%-33.0%26.6%-2.6%3.6%
VWIV38.7%30.7%49.6%42.3%44.8%
Skew 25d4.1%-10.3%21.6%5.3%15.4%
Skew 10d10.6%-6.9%28.5%13.1%23.2%
Call IV 25d33.0%19.8%48.5%32.4%21.6%
Put IV 25d37.1%26.5%58.9%37.7%37.1%
Bid-Ask Spread %111.57105.56117.49110.62112.82
Gamma HHI0.370.250.530.250.33
Net GEX92.2K53.9K118.0K69.8K109.9K
Net DEX-21.7M-26.4M-17.2M-23.7M-17.5M
Net VEX-14.8K-19.8K-11.7K-17.6K-11.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.005.670.110.00
Total Volume434.19201,57951085
Total OI38,80528,34743,92841,19728,431

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$10.57$9.0039.5%11.3%69.9%21.5%42.3%5.3%-2.6%69.8K-23.7M-17.6K0.11110.62N/AN/A4595126,30914,888
2024-12-03$10.66$9.0037.1%10.6%69.8%19.4%41.5%8.4%-2.1%58.7K-24.6M-14.9K0.80105.56N/AN/A16413126,35014,938
2024-12-04$10.91$9.0036.6%10.5%29.7%19.0%34.6%1.7%-3.7%65.3K-25.7M-13.1K0.01108.94N/AN/A1,3031726,30715,067
2024-12-05$10.77$5.0030.4%10.9%30.0%13.6%36.2%-9.3%1.6%99.7K-25.7M-14.5K0.03105.62N/AN/A4321527,10615,069
2024-12-06$10.96$5.0040.8%9.1%29.0%22.6%31.5%-4.3%6.5%118.0K-26.4M-14.4K0.00107.26N/AN/A1,206327,49115,084
2024-12-09$10.09$5.0044.2%10.3%41.2%25.7%36.0%-6.4%-2.9%63.1K-21.2M-18.2K0.22107.44N/AN/A80917727,90715,085
2024-12-10$10.07$5.0048.9%14.8%38.7%29.8%44.9%1.1%2.2%59.6K-20.9M-19.8K0.07112.84N/AN/A103728,31315,213
2024-12-11$10.41$5.0039.4%11.3%39.9%21.5%39.3%7.2%-0.0%104.4K-23.6M-15.6K0.01110.81N/AN/A146128,30915,214
2024-12-12$10.30$5.0037.9%10.9%39.5%20.1%40.6%-0.4%3.7%90.0K-23.0M-16.2K0.02109.07N/AN/A85228,31915,214
2024-12-13$10.27$5.0042.1%12.1%39.5%23.9%33.6%-1.3%-11.1%87.0K-22.9M-16.7K0.02116.37N/AN/A234528,35215,216
2024-12-16$10.41$5.0057.3%16.4%39.8%37.1%40.7%21.6%1.0%105.7K-24.1M-15.8K0.01114.33N/AN/A216328,52615,218
2024-12-17$10.32$5.0056.9%16.3%37.8%36.7%45.8%1.0%-33.0%96.3K-23.5M-15.9K0.00117.49N/AN/A217028,60015,218
2024-12-18$9.88$5.0043.8%12.5%40.1%25.3%49.6%-10.3%16.8%53.9K-20.0M-16.5K0.21117.45N/AN/A1312828,67215,218
2024-12-19$10.11$5.0026.3%7.5%41.3%10.0%39.5%-5.2%18.4%83.6K-21.9M-14.3K0.01110.79N/AN/A1,5601928,70215,226
2024-12-20$10.21$5.0031.1%8.9%41.6%14.2%39.1%2.2%20.1%111.8K-23.7M-13.7K0.01115.95N/AN/A1,1191128,02215,224
2024-12-23$10.00$5.0028.5%8.2%41.7%12.0%30.7%6.0%26.6%106.4K-17.2M-12.2K0.03110.54N/AN/A135421,7926,555
2024-12-24$10.09$5.0033.1%9.5%41.9%15.9%35.8%17.3%16.8%116.3K-17.6M-12.8K5.67117.29N/AN/A31721,8796,555
2024-12-26$10.22$5.0034.2%9.8%41.9%16.9%36.2%2.3%9.7%117.2K-17.9M-12.5K0.07111.06N/AN/A29221,8776,568
2024-12-27$10.02$5.0038.4%11.0%42.1%20.6%35.8%16.2%2.6%113.3K-17.5M-12.8K0.01111.67N/AN/A150121,8906,570
2024-12-30$10.02$5.0035.2%10.1%42.2%17.8%35.2%18.3%5.0%106.1K-17.2M-11.7K0.00109.04N/AN/A38021,8406,571
2024-12-31$10.06$5.0028.8%8.3%41.4%12.2%44.8%15.4%3.6%109.9K-17.5M-11.9K0.00112.82N/AN/A85021,8606,571