PYPL Options History — July 2018

In July 2018, PYPL traded between $82.19 and $91.64. ATM implied volatility averaged 30.4%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 8.1% (HV 20d: 22.3%). Max pain ranged from $72.50 to $82.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.79.

Notable Days

2018-07-27: Highest Volume — 104,476 contracts
2018-07-26: Largest IV drop — 18.2% change
2018-07-03: Highest IV Rank — 60.0%
2018-07-25: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$86.84	$82.19	$91.64	$83.46	$82.19
Max Pain	$74.29	$72.50	$82.50	$82.50	$80.00
ATM IV	30.4%	25.4%	33.7%	33.5%	26.0%
Expected Move	8.5%	7.2%	9.7%	7.3%	7.6%
HV 20d	22.3%	18.4%	29.1%	21.1%	29.1%
HV 60d	23.2%	21.2%	24.4%	24.4%	23.5%
IV Rank	45.8%	24.3%	60.0%	59.0%	27.0%
IV Percentile	70.0%	41.7%	86.1%	85.7%	45.2%
Term Structure	-0.9%	-1.4%	0.0%	-0.9%	-1.1%
VWIV	29.9%	24.9%	34.3%	25.8%	27.0%
Skew 25d	2.5%	1.5%	3.8%	3.8%	2.7%
Skew 10d	5.4%	3.4%	9.8%	9.8%	5.8%
Call IV 25d	29.5%	24.8%	32.5%	31.9%	25.0%
Put IV 25d	32.0%	26.9%	36.0%	35.7%	27.8%
Bid-Ask Spread %	5.09	2.02	36.49	4.74	3.20
Gamma HHI	0.11	0.05	0.18	0.09	0.05
Net GEX	30.2M	3.2M	58.5M	27.9M	8.8M
Net DEX	-1.07B	-1.47B	-416.3M	-800.5M	-416.3M
Net VEX	-4.3M	-4.9M	-4.0M	-4.9M	-4.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.33	1.32	0.89	0.70
Total Volume	45,853.571	20,694	104,476	23,956	36,275
Total OI	463,000.905	372,824	492,763	451,081	485,691

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
2018-07-02	$83.46	$82.50	33.5%	7.3%	21.1%	59.0%	25.8%	3.8%	-0.9%	27.9M	-800.5M	-4.9M	0.89	4.74	12,670	11,286	254,213	196,868
2018-07-03	$83.27	$82.50	33.7%	7.4%	21.1%	60.0%	25.8%	3.5%	-1.0%	27.1M	-765.5M	-4.9M	0.88	36.49	12,451	10,946	256,843	198,901
2018-07-05	$84.46	$72.50	33.6%	9.1%	21.7%	59.5%	32.5%	3.4%	-1.0%	32.0M	-923.2M	-4.7M	0.99	3.20	13,157	13,030	257,355	201,756
2018-07-06	$85.77	$72.50	32.9%	9.1%	21.1%	56.6%	30.6%	3.2%	-1.4%	38.8M	-1.10B	-4.6M	0.51	3.45	25,806	13,070	257,907	205,871
2018-07-09	$86.26	$72.50	31.2%	8.5%	20.9%	49.0%	30.3%	3.1%	-0.9%	36.0M	-1.15B	-4.4M	0.77	2.58	16,128	12,417	258,880	201,704
2018-07-10	$86.14	$72.50	30.4%	8.5%	20.9%	45.6%	29.8%	2.8%	-0.6%	37.1M	-1.14B	-4.3M	1.02	3.48	13,570	13,870	261,480	205,796
2018-07-11	$86.35	$72.50	31.2%	8.6%	20.4%	49.1%	31.4%	3.0%	-1.2%	38.9M	-1.15B	-4.4M	1.32	3.66	10,906	14,418	262,758	208,387
2018-07-12	$88.91	$72.50	30.5%	8.5%	22.8%	46.1%	30.0%	2.5%	-1.3%	41.0M	-1.47B	-4.1M	0.33	7.05	43,537	14,518	264,948	211,293
2018-07-13	$88.02	$72.50	31.1%	8.7%	23.1%	48.9%	31.2%	2.0%	-0.9%	58.5M	-1.37B	-4.2M	0.62	3.52	27,199	16,916	274,426	213,372
2018-07-16	$87.83	$72.50	30.9%	8.8%	23.0%	47.7%	31.6%	2.2%	-0.9%	38.7M	-1.30B	-4.1M	0.90	3.33	12,021	10,843	264,946	208,705
2018-07-17	$88.69	$72.50	30.6%	8.7%	23.2%	46.8%	31.0%	2.1%	-1.1%	42.1M	-1.40B	-4.1M	0.99	2.91	14,681	14,592	266,742	210,992
2018-07-18	$88.30	$72.50	30.8%	8.8%	22.4%	47.3%	31.1%	1.9%	-1.2%	41.9M	-1.36B	-4.1M	1.01	3.96	10,319	10,375	269,461	213,089
2018-07-19	$87.52	$72.50	30.7%	8.8%	21.7%	47.1%	31.3%	1.9%	-0.7%	35.7M	-1.24B	-4.1M	0.68	2.18	16,258	11,129	271,697	216,320
2018-07-20	$87.27	$72.50	30.1%	8.7%	21.7%	44.4%	31.3%	2.1%	-1.2%	40.7M	-1.23B	-4.1M	0.55	2.02	17,146	9,378	274,693	218,070
2018-07-23	$89.00	$72.50	31.5%	9.4%	22.5%	50.5%	33.0%	2.5%	-1.0%	23.0M	-1.05B	-4.0M	0.43	3.15	36,123	15,687	215,791	157,033
2018-07-24	$91.14	$72.50	30.4%	9.1%	18.5%	45.8%	32.3%	1.9%	-1.2%	27.1M	-1.25B	-4.0M	1.05	2.54	44,665	47,005	228,033	166,271
2018-07-25	$91.64	$72.50	31.5%	9.7%	18.4%	50.4%	34.3%	1.5%	-1.0%	17.6M	-1.22B	-4.3M	0.54	4.82	60,283	32,642	238,982	199,048
2018-07-26	$89.30	$75.00	25.7%	7.2%	20.5%	25.7%	25.7%	1.9%	-0.2%	3.2M	-997.1M	-4.4M	1.04	4.26	48,553	50,364	264,097	215,782
2018-07-27	$85.61	$75.00	25.4%	7.2%	26.0%	24.3%	24.9%	2.2%	0.0%	3.8M	-573.6M	-4.5M	0.43	3.49	72,903	31,573	270,293	215,235
2018-07-30	$82.56	$77.50	27.2%	7.9%	29.1%	31.9%	27.7%	3.0%	-0.9%	14.6M	-468.8M	-4.6M	0.83	2.92	35,084	29,131	272,198	187,092
2018-07-31	$82.19	$80.00	26.0%	7.6%	29.1%	27.0%	27.0%	2.7%	-1.1%	8.8M	-416.3M	-4.7M	0.70	3.20	21,287	14,988	282,168	203,523