PYPL Options History — April 2018

In April 2018, PYPL traded between $74.07 and $80.39. ATM implied volatility averaged 35.3%, placing in the 71.2% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 2.5% (HV 20d: 32.8%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2018-04-25: Highest Volume — 61,356 contracts
  • 2018-04-26: Largest IV drop — 26.2% change
  • 2018-04-24: Highest IV Rank — 89.0%
  • 2018-04-24: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.66$74.07$80.39$74.97$74.82
Max Pain$78.69$75.00$80.00$80.00$80.00
ATM IV35.3%26.5%40.1%39.3%26.5%
Expected Move9.8%7.3%11.9%10.7%7.3%
HV 20d32.8%29.6%35.6%29.7%32.5%
HV 60d31.4%29.3%33.5%29.7%29.9%
IV Rank71.2%38.6%89.0%86.2%38.6%
IV Percentile89.9%54.4%99.6%99.2%54.4%
Term Structure-1.1%-2.4%-0.1%-0.6%-0.2%
VWIV34.5%26.1%41.0%37.4%26.2%
Skew 25d3.6%2.5%5.4%5.4%2.8%
Skew 10d7.5%5.9%10.5%10.4%6.2%
Call IV 25d33.8%25.5%38.0%36.4%25.5%
Put IV 25d37.3%28.2%41.8%41.8%28.2%
Bid-Ask Spread %14.173.1254.9743.2112.83
Gamma HHI0.090.070.170.070.08
Net GEX9.2M-5.9M32.4M732.7K-3.1M
Net DEX-199.9M-723.7M126.4M4.6M-60.8M
Net VEX-5.0M-5.2M-4.6M-5.2M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.481.510.670.73
Total Volume36,304.09522,79261,35643,63225,009
Total OI503,824.524414,883576,638486,504437,178

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$74.97$80.0039.3%10.7%29.7%86.2%37.4%5.4%-0.6%732.7K4.6M-5.2M0.6743.2126,14817,484255,236231,268
2018-04-03$74.52$80.0038.1%9.3%29.6%81.6%34.0%4.9%-1.1%-218.9K56.5M-5.0M0.7354.9713,3549,779263,473236,355
2018-04-04$74.97$80.0037.4%9.0%29.8%79.2%33.3%3.5%-1.0%763.7K20.6M-5.0M0.8246.6115,56312,772267,509238,770
2018-04-05$77.05$77.5035.5%9.5%31.6%72.1%33.0%3.6%-1.8%13.1M-234.0M-5.1M0.483.1231,64715,146271,232241,347
2018-04-06$74.07$77.5038.2%10.4%34.2%81.9%37.1%4.1%-1.0%238.1K126.4M-4.9M1.5115.1220,21030,587278,545242,717
2018-04-09$75.60$77.5037.0%10.2%35.0%77.7%35.3%4.0%-1.2%3.2M-40.0M-5.0M0.604.2915,8999,574269,593243,843
2018-04-10$76.81$77.5035.6%9.8%35.6%72.5%34.4%3.8%-1.5%9.0M-172.5M-5.0M0.794.8015,52412,294271,874246,586
2018-04-11$76.58$77.5035.4%9.7%35.5%71.5%35.0%3.4%-1.5%7.7M-131.7M-5.0M0.795.1315,60112,377273,472249,912
2018-04-12$77.77$77.5036.1%10.0%33.0%74.1%36.3%3.3%-1.8%17.0M-307.3M-5.1M0.985.4915,29914,929279,589251,566
2018-04-13$77.17$75.0035.9%9.8%33.0%73.6%35.0%3.1%-2.4%14.9M-221.0M-5.1M0.909.2917,01015,292284,512254,470
2018-04-16$77.94$75.0034.7%9.8%33.3%68.9%36.1%3.0%-0.3%16.6M-304.3M-5.0M0.646.3123,38214,874283,834252,880
2018-04-17$80.38$77.5033.0%9.4%34.4%62.8%32.8%2.8%-0.5%32.4M-723.7M-5.0M0.856.4422,94019,594291,342254,234
2018-04-18$80.39$80.0034.2%9.8%34.3%67.1%33.9%3.1%-0.5%31.4M-705.0M-5.0M1.056.2520,29521,259296,049264,548
2018-04-19$79.90$80.0035.0%10.0%34.3%70.1%34.9%3.4%-0.1%31.1M-604.8M-5.1M0.578.8916,3559,307301,794270,487
2018-04-20$78.65$80.0036.2%10.5%32.9%74.5%36.5%3.8%-0.8%4.0M-308.1M-5.1M1.3913.2812,49417,414305,102271,536
2018-04-23$78.24$80.0036.5%10.7%31.6%75.6%36.8%3.3%-1.6%10.1M-347.7M-5.0M1.2010.6810,37112,421214,960199,923
2018-04-24$75.15$80.0040.1%11.9%32.7%89.0%40.3%3.8%-2.2%3.2M-106.7M-4.9M0.6110.0122,38913,549219,527204,352
2018-04-25$74.22$80.0039.9%11.9%30.8%88.2%41.0%3.8%-2.4%501.2K-18.7M-4.8M0.909.7832,34829,008220,581209,024
2018-04-26$76.26$80.0029.4%8.1%31.8%49.4%29.0%3.2%-0.8%7.0M-171.3M-4.8M0.728.9224,99717,941236,075228,697
2018-04-27$74.30$80.0027.2%7.4%32.8%41.1%26.1%2.5%-0.8%-5.9M51.9M-4.6M1.2812.1026,30433,646237,441228,882
2018-04-30$74.82$80.0026.5%7.3%32.5%38.6%26.2%2.8%-0.2%-3.1M-60.8M-4.7M0.7312.8314,47010,539220,631216,547