PYPL Options History — January 2018

In January 2018, PYPL traded between $73.87 and $85.35. ATM implied volatility averaged 34.4%, placing in the 92.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 16.1% (HV 20d: 18.3%). Max pain ranged from $60.00 to $75.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.59.

Notable Days

2018-01-31: Highest Volume — 82,691 contracts
2018-01-29: Largest IV spike — 21.7% change
2018-01-09: Highest IV Rank — 100.0%
2018-01-31: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$81.35	$73.87	$85.35	$73.87	$85.18
Max Pain	$72.26	$60.00	$75.00	$60.00	$75.00
ATM IV	34.4%	30.3%	43.0%	30.3%	38.5%
Expected Move	9.9%	6.5%	13.1%	6.5%	13.1%
HV 20d	18.3%	17.0%	25.8%	25.8%	18.0%
HV 60d	28.9%	27.7%	30.5%	29.3%	27.9%
IV Rank	92.8%	82.6%	100.0%	82.6%	83.7%
IV Percentile	97.7%	90.5%	100.0%	90.5%	99.2%
Term Structure	-1.2%	-3.3%	0.4%	-1.2%	0.0%
VWIV	35.1%	23.4%	46.0%	23.4%	45.6%
Skew 25d	1.2%	-3.1%	3.2%	1.8%	1.5%
Skew 10d	2.6%	-3.2%	7.7%	2.1%	1.1%
Call IV 25d	34.7%	30.5%	45.2%	30.5%	38.0%
Put IV 25d	35.8%	32.2%	46.0%	32.2%	39.5%
Bid-Ask Spread %	10.48	2.92	23.46	7.68	23.46
Gamma HHI	0.10	0.07	0.16	0.10	0.08
Net GEX	27.4M	16.2M	36.3M	22.8M	18.4M
Net DEX	-1.17B	-1.73B	-732.7M	-732.7M	-907.9M
Net VEX	-4.1M	-4.8M	-3.7M	-3.8M	-4.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.37	0.92	0.61	0.57
Total Volume	43,448.714	27,111	82,691	27,111	82,691
Total OI	461,960.952	320,574	563,513	490,933	378,478

Daily Data (21 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 Vol	Put Vol	Call OI	Put OI
2018-01-02	$73.87	$60.00	30.3%	6.5%	25.8%	82.6%	23.4%	1.8%	-1.2%	22.8M	-732.7M	-3.8M	0.61	7.68	16,845	10,266	262,634	228,299
2018-01-03	$76.73	$60.00	31.7%	6.9%	18.8%	90.2%	24.6%	1.6%	-1.3%	33.9M	-1.08B	-3.8M	0.37	12.02	43,317	15,913	266,383	232,924
2018-01-04	$76.77	$72.50	31.8%	8.6%	18.8%	90.8%	30.4%	1.6%	-1.1%	34.6M	-1.08B	-3.9M	0.40	8.88	29,164	11,614	272,165	237,507
2018-01-05	$78.65	$72.50	31.5%	8.6%	18.7%	89.4%	30.3%	1.4%	-1.2%	34.5M	-1.34B	-3.8M	0.41	5.82	42,250	17,174	278,223	240,171
2018-01-08	$79.02	$72.50	32.2%	8.9%	18.6%	93.3%	31.2%	0.6%	-1.1%	32.6M	-1.28B	-3.7M	0.56	7.08	24,378	13,588	267,437	238,061
2018-01-09	$79.17	$72.50	34.7%	9.5%	17.7%	100.0%	33.6%	1.4%	-1.3%	31.7M	-1.28B	-3.9M	0.45	9.35	35,829	16,292	271,982	243,426
2018-01-10	$79.33	$72.50	33.9%	9.3%	17.7%	96.3%	32.8%	1.4%	-1.3%	34.5M	-1.34B	-4.0M	0.76	7.76	20,196	15,285	283,144	250,012
2018-01-11	$79.82	$72.50	34.4%	9.4%	17.7%	98.8%	34.1%	1.2%	-2.0%	36.3M	-1.41B	-4.1M	0.92	17.01	15,755	14,466	289,012	256,502
2018-01-12	$80.41	$72.50	33.3%	9.3%	17.8%	93.2%	33.0%	1.8%	0.1%	36.3M	-1.51B	-4.5M	0.65	15.92	27,740	18,112	290,012	263,447
2018-01-16	$80.51	$72.50	34.2%	9.7%	17.8%	97.6%	34.3%	1.8%	-1.6%	32.1M	-1.42B	-4.0M	0.43	7.50	38,823	16,864	280,098	260,954
2018-01-17	$82.41	$72.50	33.9%	9.7%	18.7%	96.1%	34.4%	0.3%	-1.6%	35.8M	-1.65B	-4.0M	0.56	19.29	31,611	17,592	290,094	266,328
2018-01-18	$82.96	$72.50	33.4%	9.6%	18.5%	93.3%	34.2%	0.9%	-0.9%	32.1M	-1.66B	-4.0M	0.44	13.62	28,456	12,651	287,455	270,166
2018-01-19	$83.72	$72.50	32.3%	9.5%	17.7%	88.0%	33.5%	0.7%	-1.7%	20.4M	-1.73B	-3.9M	0.45	9.97	27,969	12,524	291,537	271,976
2018-01-22	$83.98	$75.00	31.8%	9.6%	17.1%	85.4%	34.2%	1.1%	-0.8%	22.7M	-865.9M	-3.8M	0.72	2.92	19,796	14,286	180,312	140,262
2018-01-23	$84.20	$75.00	32.9%	10.1%	17.0%	90.7%	36.0%	1.5%	-1.0%	23.0M	-890.6M	-4.0M	0.89	4.93	17,726	15,806	188,844	145,937
2018-01-24	$83.69	$75.00	37.1%	11.0%	17.2%	100.0%	39.0%	-3.1%	-1.7%	21.0M	-859.5M	-4.3M	0.59	4.73	19,625	11,582	195,106	152,679
2018-01-25	$84.37	$75.00	36.8%	11.3%	17.3%	98.6%	39.8%	3.2%	0.4%	22.9M	-910.4M	-4.3M	0.55	11.57	24,169	13,325	199,314	154,844
2018-01-26	$85.35	$75.00	35.4%	11.3%	17.3%	92.1%	40.1%	1.7%	-3.3%	17.0M	-999.6M	-4.3M	0.59	8.44	27,652	16,332	203,918	159,277
2018-01-29	$84.38	$75.00	43.0%	13.0%	18.1%	100.0%	46.0%	0.9%	-1.9%	16.2M	-851.9M	-4.5M	0.86	13.00	20,453	17,576	197,407	149,693
2018-01-30	$83.93	$75.00	39.6%	13.0%	17.8%	87.7%	45.7%	1.1%	-1.4%	16.8M	-829.3M	-4.6M	0.62	9.14	22,671	14,059	206,308	158,852
2018-01-31	$85.18	$75.00	38.5%	13.1%	18.0%	83.7%	45.6%	1.5%	0.0%	18.4M	-907.9M	-4.8M	0.57	23.46	52,601	30,090	212,546	165,932