PAYO Options History — March 2026 In March 2026, PAYO traded between $4.33 and $4.97. ATM implied volatility averaged 99.6%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 29.1%. IV traded above realized volatility by 6.8% (HV 20d: 92.8%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 5.34.
Notable Days 2026-03-16 : Highest Volume — 6,498 contracts2026-03-16 : Largest IV spike — 24.0% change2026-03-30 : Highest IV Rank — 59.4%2026-03-30 : Largest Expected Move — 34.1%Monthly Statistics Metric Avg Min Max Open Close Price $4.69 $4.33 $4.97 $4.56 $4.83 Max Pain $4.90 $4.00 $5.00 $5.00 $4.00 ATM IV 99.6% 80.3% 119.1% 84.8% 115.4% Expected Move 29.1% 23.9% 34.1% 24.3% 33.1% HV 20d 92.8% 56.3% 100.3% 98.8% 56.3% HV 60d 67.0% 64.5% 69.7% 64.5% 69.7% IV Rank 46.4% 33.5% 59.4% 36.5% 56.9% IV Percentile 82.3% 74.2% 89.3% 79.0% 87.7% Term Structure -10.2% -32.1% 14.1% 14.1% -21.4% VWIV 102.4% 76.9% 123.4% 99.2% 112.8% Skew 25d -6.5% -37.6% 30.7% -12.0% 30.7% Skew 10d 38.6% -31.2% 254.2% -31.2% 72.5% Call IV 25d 100.9% 87.0% 116.1% 91.1% 112.5% Put IV 25d 94.4% 62.8% 143.2% 79.1% 143.2% Bid-Ask Spread % 67.61 36.09 116.48 101.60 40.54 Gamma HHI 0.46 0.28 0.67 0.33 0.67 Net GEX 41.1K -33.0K 117.9K -33.0K 117.9K Net DEX -1.1M -4.1M 1.6M 1.6M -3.6M Net VEX -15.8K -18.8K -11.7K -11.7K -17.4K Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 5.34 0.00 101.50 0.27 0.00 Total Volume 973.571 32 6,498 695 87 Total OI 26,719.857 18,233 35,623 18,233 31,126
Daily Data (22 trading days) Date Price Max Pain ATM IV Exp Move HV 20d IV Rank VWIV Skew 25d Term Str GEX DEX VEX P/C Spread % Call Wall Put Wall Call Vol Put Vol Call OI Put OI 2026-03-02 $4.56 $5.00 84.8% 24.3% 98.8% 36.5% 99.2% -12.0% 14.1% -33.0K 1.6M -11.7K 0.27 101.60 N/A N/A 547 148 7,896 10,337 2026-03-03 $4.58 $5.00 91.0% 26.1% 98.4% 40.6% 109.9% -6.8% 13.8% -22.6K 1.3M -12.4K 3.35 116.48 N/A N/A 26 87 8,303 10,391 2026-03-04 $4.79 $5.00 88.4% 25.3% 100.3% 38.9% 89.2% 15.6% -6.4% -24.8K 1.1M -12.7K 0.17 99.29 N/A N/A 35 6 8,296 10,429 2026-03-05 $4.79 $5.00 82.1% 23.9% 99.1% 34.7% 87.3% -16.9% 2.1% -28.2K 1.1M -12.5K 0.02 109.15 N/A N/A 48 1 8,305 10,427 2026-03-06 $4.71 $5.00 91.1% 28.5% 98.4% 40.7% 123.4% -37.6% -19.5% -23.4K 944.4K -12.3K 0.00 109.07 N/A N/A 32 0 8,319 10,429 2026-03-09 $4.74 $5.00 110.2% 26.9% 94.1% 53.5% 92.0% -17.5% -14.1% -28.6K 1.2M -11.9K 0.01 109.56 N/A N/A 5,902 40 8,332 10,429 2026-03-10 $4.63 $5.00 104.8% 30.4% 93.9% 49.9% 105.2% -30.7% -19.9% 2.1K -13.9K -14.9K 0.00 105.28 N/A N/A 174 0 14,151 10,455 2026-03-11 $4.66 $5.00 102.2% 29.3% 94.2% 48.2% 104.7% 7.5% -2.1% 5.3K 136.8K -14.7K 2.13 103.76 N/A N/A 23 49 14,252 10,455 2026-03-12 $4.33 $5.00 80.3% 30.1% 96.5% 33.5% 107.0% -0.8% -32.1% 3.6K 514.1K -13.7K 0.00 45.67 N/A N/A 496 1 14,247 10,496 2026-03-13 $0.00 $0.00 92.7% 0.0% 96.5% 41.8% 0.0% 0.0% 0.0% 22.7K -313.0K -15.4K 0.00 0.00 N/A N/A 0 0 0 0 2026-03-16 $4.59 $5.00 115.0% 33.0% 96.5% 56.7% 115.1% -28.0% -28.0% 8.1K -255.1K -15.0K 0.00 48.52 N/A N/A 6,476 22 16,183 10,498 2026-03-17 $4.72 $5.00 107.9% 31.4% 94.5% 51.9% 109.3% 11.8% -13.5% 38.6K -2.2M -18.8K 0.04 40.38 N/A N/A 469 18 22,294 10,478 2026-03-18 $4.62 $5.00 102.4% 29.5% 94.6% 48.3% 103.0% 10.0% -22.1% 79.3K -1.7M -18.7K 1.13 41.63 N/A N/A 134 151 24,454 10,468 2026-03-19 $4.56 $5.00 98.9% 27.6% 94.5% 45.9% 91.5% -12.8% -12.7% 84.4K -1.3M -18.2K 101.50 46.16 N/A N/A 20 2,030 24,491 10,609 2026-03-20 $4.46 $5.00 89.2% 26.9% 93.7% 39.5% 96.2% -21.1% 0.0% 77.3K -874.8K -17.3K 2.96 48.86 N/A N/A 23 68 24,482 11,141 2026-03-23 $4.83 $5.00 95.5% 28.1% 99.3% 43.7% 95.5% -16.4% -2.4% 101.7K -3.1M -18.2K 0.06 56.27 N/A N/A 1,050 68 20,725 8,021 2026-03-24 $4.75 $5.00 103.7% 30.4% 99.3% 49.1% 105.2% -23.5% -14.8% 94.9K -3.0M -18.0K 0.59 36.58 N/A N/A 170 101 21,244 8,004 2026-03-25 $4.88 $5.00 101.0% 29.7% 95.3% 47.3% 99.5% -6.7% -14.8% 103.1K -3.5M -18.4K 0.00 44.88 N/A N/A 72 0 21,292 8,103 2026-03-26 $4.97 $5.00 107.5% 30.8% 95.2% 51.7% 108.8% 22.1% -16.7% 102.9K -4.1M -18.3K 0.00 37.67 N/A N/A 1,751 0 21,303 8,103 2026-03-27 $4.76 $5.00 108.1% 31.0% 95.2% 52.1% 76.9% 26.3% 1.4% 112.0K -3.6M -18.5K 0.00 36.09 N/A N/A 72 0 22,945 8,103 2026-03-30 $4.75 $4.00 119.1% 34.1% 56.3% 59.4% 118.5% -29.6% -4.7% 109.8K -3.4M -17.5K 0.00 42.34 N/A N/A 48 0 22,998 8,103 2026-03-31 $4.83 $4.00 115.4% 33.1% 56.3% 56.9% 112.8% 30.7% -21.4% 117.9K -3.6M -17.4K 0.00 40.54 N/A N/A 87 0 23,023 8,103
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