PYPL Options History — February 2018

In February 2018, PYPL traded between $72.86 and $79.59. ATM implied volatility averaged 29.1%, placing in the 50.0% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 7.9% (HV 20d: 37.0%). Max pain ranged from $79.00 to $85.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.87.

Notable Days

  • 2018-02-01: Highest Volume — 127,940 contracts
  • 2018-02-05: Largest IV spike — 33.5% change
  • 2018-02-05: Highest IV Rank — 84.8%
  • 2018-02-05: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.05$72.86$79.59$78.99$79.53
Max Pain$80.13$79.00$85.00$85.00$79.00
ATM IV29.1%24.3%38.8%30.1%27.6%
Expected Move8.3%7.0%10.4%8.4%8.1%
HV 20d37.0%31.9%40.0%31.9%39.6%
HV 60d32.4%29.4%34.2%32.0%29.4%
IV Rank50.0%32.7%84.8%53.6%44.7%
IV Percentile76.2%57.5%99.2%84.1%69.4%
Term Structure-0.4%-3.5%1.1%-0.3%-0.5%
VWIV29.0%25.4%35.9%29.5%28.6%
Skew 25d3.9%-1.7%15.1%-1.7%3.1%
Skew 10d8.2%-0.4%39.3%0.4%5.9%
Call IV 25d27.7%23.2%35.7%33.4%26.6%
Put IV 25d31.7%26.3%48.7%31.7%29.7%
Bid-Ask Spread %20.457.0549.3415.9223.73
Gamma HHI0.090.070.120.070.12
Net GEX10.6M805.4K19.5M7.3M19.0M
Net DEX-304.9M-527.4M49.3M-411.3M-496.2M
Net VEX-5.1M-5.4M-4.6M-4.6M-5.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.441.230.750.73
Total Volume40,232.36822,029127,940127,94043,159
Total OI430,107.316375,960473,153412,736408,889

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-02-01$78.99$85.0030.1%8.4%31.9%53.6%29.5%-1.7%-0.3%7.3M-411.3M-4.6M0.7515.9273,14554,795234,286178,450
2018-02-02$76.51$82.5029.1%8.4%34.0%50.0%29.6%2.4%-1.2%805.4K-173.4M-5.0M0.719.6347,45733,471255,340202,564
2018-02-05$75.32$80.0038.8%10.4%33.2%84.8%35.9%2.6%-3.5%6.9M-199.5M-5.2M0.8149.3429,03123,549240,033189,335
2018-02-06$75.96$80.0033.2%9.6%33.3%64.8%33.5%4.4%0.8%7.4M-219.5M-5.2M1.1623.9919,36522,450247,704197,069
2018-02-07$75.87$80.0029.7%8.5%33.3%52.2%29.4%4.1%-0.1%5.3M-179.2M-5.2M0.8114.9624,10319,603251,889205,333
2018-02-08$72.86$80.0035.4%10.2%35.9%72.7%35.8%7.0%1.1%1.0M49.3M-5.2M0.928.7216,32315,046258,708207,763
2018-02-09$74.92$80.0038.3%10.0%37.5%83.2%33.7%15.1%-1.9%8.8M-105.2M-5.4M1.1329.2817,63419,984261,884211,269
2018-02-12$75.20$80.0030.4%8.7%37.4%54.9%29.6%5.5%-0.3%6.4M-135.6M-5.2M0.4424.1217,9367,880246,898204,511
2018-02-13$74.96$80.0028.7%8.2%37.3%48.7%28.5%4.7%-0.2%6.3M-126.0M-5.1M1.117.0510,42511,604250,647204,413
2018-02-14$77.34$80.0025.5%7.3%38.2%37.2%25.9%4.0%0.3%15.5M-376.1M-5.1M0.8215.3217,22414,111250,279204,448
2018-02-15$78.17$80.0025.7%7.4%38.4%37.7%26.2%3.2%-0.9%19.5M-475.5M-5.1M0.8812.4116,19314,326251,991206,335
2018-02-16$78.46$80.0025.1%7.2%38.2%35.7%25.4%2.6%0.0%17.6M-525.0M-5.1M1.0019.9313,81813,804252,768208,361
2018-02-20$77.15$80.0026.1%7.5%38.4%39.2%26.3%3.3%0.0%10.2M-309.1M-4.9M0.8319.0514,11911,751206,249169,711
2018-02-21$76.57$80.0026.6%7.7%38.3%41.2%27.0%2.9%-0.1%7.3M-262.0M-5.0M0.7217.4612,9559,351210,239173,721
2018-02-22$77.74$79.0026.3%7.6%39.0%39.9%26.8%2.8%-0.1%10.2M-354.2M-5.0M1.2316.8411,18213,764214,044176,507
2018-02-23$79.59$79.0024.3%7.0%40.0%32.7%25.6%3.1%0.3%18.0M-527.4M-4.9M0.9020.9518,69216,875217,341181,385
2018-02-26$79.23$79.0025.5%7.4%39.6%37.3%26.2%2.9%-0.3%15.5M-469.8M-4.9M0.7921.3416,75813,313211,933178,950
2018-02-27$79.59$79.0025.9%7.5%39.6%38.6%26.7%2.8%-0.5%19.3M-497.0M-5.0M0.7238.4316,94412,275217,889182,903
2018-02-28$79.53$79.0027.6%8.1%39.6%44.7%28.6%3.1%-0.5%19.0M-496.2M-5.1M0.7323.7324,87618,283222,242186,647