PAYO Options History — June 2025

In June 2025, PAYO traded between $6.50 and $7.03. ATM implied volatility averaged 46.8%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 6.4% (HV 20d: 40.4%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2025-06-03: Highest Volume — 497 contracts
  • 2025-06-13: Largest IV spike — 45.1% change
  • 2025-06-03: Highest IV Rank — 33.7%
  • 2025-06-03: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.77$6.50$7.03$6.80$6.83
Max Pain$6.85$6.00$7.00$6.00$7.00
ATM IV46.8%34.1%70.4%60.0%48.8%
Expected Move13.2%9.8%20.2%17.2%14.0%
HV 20d40.4%23.7%82.1%81.8%35.1%
HV 60d69.9%69.0%71.6%71.6%69.6%
IV Rank19.4%11.7%33.7%27.4%20.6%
IV Percentile42.9%15.1%79.8%70.2%48.8%
Term Structure10.9%-15.5%30.0%-15.5%9.0%
VWIV44.0%26.6%95.2%60.6%33.7%
Skew 25d6.4%-14.1%20.2%18.1%-5.0%
Skew 10d13.6%-21.6%40.8%25.9%0.2%
Call IV 25d40.7%30.8%56.8%39.3%43.9%
Put IV 25d47.1%36.7%59.3%57.4%39.0%
Bid-Ask Spread %115.87104.34131.21106.72115.19
Gamma HHI0.280.210.440.210.23
Net GEX29.2K-6.5K62.2K28.0K-3.7K
Net DEX-906.6K-1.8M315.8K-1.0M-14.9K
Net VEX-12.7K-14.5K-10.1K-13.2K-11.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.001.540.070.75
Total Volume115.7544977714
Total OI13,707.611,82514,80013,61812,028

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$6.80$6.0060.0%17.2%81.8%27.4%60.6%18.1%-15.5%28.0K-1.0M-13.2K0.07106.72N/AN/A7259,7203,898
2025-06-03$6.67$6.0070.4%20.2%81.9%33.7%0.0%4.0%22.2%62.2K-1.0M-13.0K0.01114.63N/AN/A49349,7163,898
2025-06-04$6.77$6.0058.3%16.7%82.1%26.3%57.7%10.5%-8.0%38.4K-1.1M-12.6K0.08113.67N/AN/A62510,0623,897
2025-06-05$6.88$7.0063.5%12.8%49.5%29.5%44.5%18.3%16.8%44.9K-1.4M-14.3K0.00118.72N/AN/A423210,1103,897
2025-06-06$7.03$7.0049.9%13.4%46.5%21.3%46.9%10.1%15.3%42.4K-1.8M-14.5K0.33108.90N/AN/A2167110,5253,899
2025-06-09$7.00$7.0038.9%14.7%45.5%14.6%0.0%6.7%-0.6%44.8K-1.8M-14.5K0.06108.44N/AN/A16110,7393,952
2025-06-10$6.87$7.0046.2%10.7%30.1%19.0%32.0%16.4%22.1%47.2K-1.7M-13.8K0.03111.49N/AN/A72210,7493,953
2025-06-11$6.95$7.0044.7%12.8%25.7%18.1%42.1%20.2%10.4%53.5K-1.8M-14.1K0.16125.47N/AN/A45710,7663,955
2025-06-12$6.89$7.0042.8%12.3%23.7%16.9%0.0%16.1%12.7%56.2K-1.7M-14.4K0.33123.55N/AN/A6210,7793,958
2025-06-13$6.50$7.0062.1%17.8%29.8%28.6%34.6%9.4%30.0%52.3K-888.9K-12.9K0.56117.21N/AN/A271510,7853,958
2025-06-16$6.63$7.0036.3%10.4%30.0%13.0%38.8%9.5%14.6%43.9K-956.4K-11.8K0.02131.21N/AN/A45110,7893,972
2025-06-17$6.62$7.0036.8%10.6%29.9%13.3%0.0%-3.8%14.9%50.9K-1.1M-12.8K0.07124.01N/AN/A15110,8203,973
2025-06-18$6.55$7.0037.1%10.6%29.8%13.5%29.3%-7.3%12.4%44.9K-962.2K-12.3K1.54122.01N/AN/A132010,8273,973
2025-06-20$6.55$7.0036.5%10.5%27.7%13.1%26.6%-3.1%12.9%-3.1K-878.3K-11.6K0.77116.79N/AN/A221710,8253,967
2025-06-23$6.67$7.0036.3%10.4%28.7%13.0%39.8%-1.0%11.4%-6.5K315.8K-10.6K0.00104.34N/AN/A49117,9223,903
2025-06-24$6.91$7.0041.9%12.0%31.3%16.4%42.0%12.3%13.4%-3.3K-178.4K-12.3K0.38110.99N/AN/A55218,0673,904
2025-06-25$6.75$7.0047.4%13.6%32.5%19.7%95.2%-14.1%-12.2%-3.4K-147.4K-11.3K0.00115.53N/AN/A508,0923,897
2025-06-26$6.84$7.0044.1%12.7%32.9%17.8%46.3%3.1%14.2%-2.8K-143.9K-12.0K0.33113.40N/AN/A318,0913,897
2025-06-27$6.67$7.0034.1%9.8%34.1%11.7%33.7%8.2%21.4%-2.5K182.0K-10.1K1.00115.06N/AN/A22228,0923,897
2025-06-30$6.83$7.0048.8%14.0%35.1%20.6%33.7%-5.0%9.0%-3.7K-14.9K-11.7K0.75115.19N/AN/A868,1183,910