PAYO Options History — April 2026

In April 2026, PAYO traded between $4.89 and $4.91. ATM implied volatility averaged 107.5%, placing in the 51.6% IV rank vs the trailing year. The 30-day expected move averaged 30.8%. IV traded above realized volatility by 55.7% (HV 20d: 51.8%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 0 of 2 days. Put/call ratio averaged 0.23.

Notable Days

2026-04-01: Highest Volume — 44 contracts
2026-04-02: Largest IV spike — 19.5% change
2026-04-02: Highest IV Rank — 58.0%
2026-04-02: Largest Expected Move — 33.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.90	$4.89	$4.91	$4.89	$4.91
Max Pain	$4.50	$4.00	$5.00	$4.00	$5.00
ATM IV	107.5%	97.9%	117.0%	97.9%	117.0%
Expected Move	30.8%	28.1%	33.5%	28.1%	33.5%
HV 20d	51.8%	51.8%	51.8%	51.8%	51.8%
HV 60d	69.6%	69.4%	69.7%	69.7%	69.4%
IV Rank	51.6%	45.3%	58.0%	45.3%	58.0%
IV Percentile	82.9%	77.4%	88.5%	77.4%	88.5%
Term Structure	-15.4%	-24.5%	-6.4%	-6.4%	-24.5%
VWIV	98.8%	98.8%	98.8%	98.8%	98.8%
Skew 25d	-9.2%	-28.8%	10.4%	-28.8%	10.4%
Skew 10d	-24.2%	-65.4%	17.0%	-65.4%	17.0%
Call IV 25d	85.4%	69.5%	101.2%	101.2%	69.5%
Put IV 25d	76.1%	72.4%	79.8%	72.4%	79.8%
Bid-Ask Spread %	38.19	35.26	41.11	35.26	41.11
Gamma HHI	0.70	0.69	0.71	0.71	0.69
Net GEX	144.6K	135.0K	154.2K	154.2K	135.0K
Net DEX	-4.0M	-4.3M	-3.7M	-4.3M	-3.7M
Net VEX	-17.0K	-17.1K	-17.0K	-17.1K	-17.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.23	0.00	0.47	0.47	0.00
Total Volume	34.5	25	44	44	25
Total OI	31,147	31,134	31,160	31,134	31,160

Daily Data (2 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
2026-04-01	$4.89	$4.00	97.9%	28.1%	51.8%	45.3%	98.8%	-28.8%	-6.4%	154.2K	-4.3M	-17.1K	0.47	35.26	N/A	N/A	30	14	23,031	8,103
2026-04-02	$4.91	$5.00	117.0%	33.5%	51.8%	58.0%	0.0%	10.4%	-24.5%	135.0K	-3.7M	-17.0K	0.00	41.11	N/A	N/A	25	0	23,059	8,101