PAYO Options History — July 2025

In July 2025, PAYO traded between $6.49 and $6.99. ATM implied volatility averaged 68.1%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 19.7%. IV traded above realized volatility by 25.0% (HV 20d: 43.0%). Max pain ranged from $7.00 to $8.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.18.

Notable Days

  • 2025-07-28: Highest Volume — 9,689 contracts
  • 2025-07-09: Largest IV spike — 29.9% change
  • 2025-07-30: Highest IV Rank — 45.1%
  • 2025-07-30: Largest Expected Move — 25.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.78$6.49$6.99$6.91$6.55
Max Pain$7.77$7.00$8.00$7.00$7.00
ATM IV68.1%44.7%89.3%54.5%80.9%
Expected Move19.7%15.6%25.6%15.6%23.2%
HV 20d43.0%34.6%49.7%35.4%43.8%
HV 60d58.3%55.1%66.5%66.5%56.4%
IV Rank32.3%18.1%45.1%24.0%40.0%
IV Percentile75.1%42.5%89.7%59.1%85.7%
Term Structure-11.5%-30.8%21.0%4.5%-29.1%
VWIV67.0%46.5%85.6%56.8%81.7%
Skew 25d-6.5%-47.4%31.5%11.1%-47.4%
Skew 10d-19.6%-66.4%20.1%20.1%-66.4%
Call IV 25d66.0%44.6%95.2%44.6%93.8%
Put IV 25d59.5%39.9%78.6%55.7%46.4%
Bid-Ask Spread %107.92100.13113.84109.03108.17
Gamma HHI0.290.210.580.230.56
Net GEX9.3K-31.5K124.0K-1.5K112.8K
Net DEX-202.9K-2.1M735.3K-181.3K-1.4M
Net VEX-12.1K-18.5K-10.0K-10.9K-17.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.002.140.000.00
Total Volume596.36429,689107364
Total OI14,599.63612,03125,54612,03125,530

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$6.91$7.0054.5%15.6%35.4%24.0%56.8%11.1%4.5%-1.5K-181.3K-10.9K0.00109.03N/AN/A10708,1193,912
2025-07-02$6.89$7.0056.3%16.1%34.6%25.1%0.0%7.9%-2.9%-3.8K-62.3K-10.8K0.00112.82N/AN/A208,2053,912
2025-07-03$6.99$8.0054.4%16.1%34.6%24.0%56.1%4.2%0.9%-3.2K-180.6K-11.4K0.08105.92N/AN/A1318,2023,909
2025-07-07$6.66$8.0058.7%16.5%38.3%26.5%57.6%-15.7%3.4%-3.2K104.8K-10.1K0.00111.63N/AN/A3708,1973,909
2025-07-08$6.76$8.0044.7%17.2%37.9%18.1%57.9%1.6%-7.2%-4.3K46.0K-10.3K0.00103.08N/AN/A25818,2253,909
2025-07-09$6.89$8.0058.0%16.6%38.6%26.2%58.0%5.1%2.1%-4.0K-73.2K-11.4K0.00109.23N/AN/A2108,4383,910
2025-07-10$6.86$8.0060.3%17.3%38.0%27.6%0.0%7.3%7.1%-3.1K-92.7K-11.5K0.00105.89N/AN/A2608,4563,910
2025-07-11$6.49$8.0071.4%20.5%42.5%34.3%46.5%-15.8%-20.5%-2.1K161.3K-10.0K2.14103.16N/AN/A29628,4603,913
2025-07-14$6.96$8.0068.5%19.6%49.7%32.5%62.2%-6.5%-17.5%-2.9K-189.3K-11.4K0.05111.27N/AN/A11058,5003,955
2025-07-15$6.69$8.0067.6%19.4%47.2%31.9%67.6%-35.5%-0.7%-1.4K41.3K-10.4K0.00113.84N/AN/A2708,5223,960
2025-07-16$6.84$8.0066.1%18.9%47.3%31.0%66.4%8.7%-11.2%-3.2K-38.1K-10.7K0.42108.17N/AN/A48208,5063,960
2025-07-17$6.92$8.0075.0%21.5%47.4%36.4%67.4%-12.4%21.0%-683-177.9K-11.2K0.27108.33N/AN/A1138,5443,950
2025-07-18$6.80$8.0069.9%20.1%47.7%33.4%69.9%31.5%-22.6%-3.7K-34.0K-10.4K0.62109.38N/AN/A1388,5443,950
2025-07-21$6.83$8.0070.6%20.3%47.7%33.8%70.8%-28.7%-15.0%-3.9K-77.2K-10.6K0.02110.59N/AN/A18738,4643,937
2025-07-22$6.83$8.0066.4%19.0%47.4%31.2%66.1%-13.4%-12.6%-3.2K24.2K-10.9K0.08109.77N/AN/A149128,4993,938
2025-07-23$6.78$8.0072.7%20.8%45.7%35.1%71.3%-22.7%-19.0%-5.0K63.0K-10.7K0.01108.15N/AN/A21428,4913,934
2025-07-24$6.71$8.0074.7%21.4%45.1%36.2%74.1%-14.3%-21.1%-31.5K735.3K-13.2K0.20106.05N/AN/A518,5897,269
2025-07-25$6.83$8.0078.9%22.6%45.3%38.8%0.0%7.0%-29.4%-25.3K455.9K-13.8K0.05107.04N/AN/A5638,5937,270
2025-07-28$6.74$8.0083.2%23.8%44.6%41.4%83.2%-9.3%-23.0%-27.7K565.3K-13.1K0.00102.63N/AN/A9,68818,5937,273
2025-07-29$6.64$7.0075.6%21.7%44.0%36.8%73.7%14.3%-30.1%124.0K-2.1M-18.5K0.00100.13N/AN/A1,265118,2627,284
2025-07-30$6.61$7.0089.3%25.6%43.8%45.1%85.6%-19.9%-30.8%102.0K-2.1M-18.5K0.04110.03N/AN/A3531418,0047,285
2025-07-31$6.55$7.0080.9%23.2%43.8%40.0%81.7%-47.4%-29.1%112.8K-1.4M-17.0K0.00108.17N/AN/A364018,2337,297