PYPL Options History — August 2018

In August 2018, PYPL traded between $83.76 and $92.64. ATM implied volatility averaged 22.5%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 3.5% (HV 20d: 26.0%). Max pain ranged from $80.00 to $87.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.86.

Notable Days

  • 2018-08-01: Highest Volume — 81,017 contracts
  • 2018-08-15: Largest IV spike — 7.7% change
  • 2018-08-01: Highest IV Rank — 27.6%
  • 2018-08-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.51$83.76$92.64$83.76$92.27
Max Pain$84.76$80.00$87.50$80.00$87.50
ATM IV22.5%21.3%26.2%26.2%22.0%
Expected Move6.5%6.0%7.6%7.6%6.2%
HV 20d26.0%17.4%30.2%29.9%17.4%
HV 60d23.1%22.1%23.9%23.8%23.1%
IV Rank12.0%6.7%27.6%27.6%9.9%
IV Percentile16.7%4.8%46.0%46.0%12.3%
Term Structure0.2%-0.8%0.7%-0.8%0.0%
VWIV23.0%21.3%27.5%27.5%22.0%
Skew 25d2.1%1.4%2.8%2.8%1.9%
Skew 10d4.2%3.0%5.5%5.5%4.3%
Call IV 25d21.9%20.7%25.3%25.3%21.5%
Put IV 25d23.9%22.5%28.0%28.0%23.4%
Bid-Ask Spread %3.992.756.996.993.29
Gamma HHI0.110.060.180.060.17
Net GEX46.5M19.3M62.4M19.3M62.4M
Net DEX-1.03B-1.43B-627.6M-627.6M-1.38B
Net VEX-4.8M-5.2M-4.4M-4.8M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.261.250.480.96
Total Volume42,171.21725,07481,01781,01732,730
Total OI510,040.739460,004579,657493,108515,849

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$83.76$80.0026.2%7.6%29.9%27.6%27.5%2.8%-0.8%19.3M-627.6M-4.8M0.486.9954,92126,096287,523205,585
2018-08-02$85.32$80.0024.5%6.9%30.2%20.4%24.8%2.5%-0.3%35.9M-918.7M-5.2M0.603.8828,96217,364316,257218,511
2018-08-03$85.15$80.0024.2%6.8%29.7%19.0%24.4%2.3%-0.2%34.9M-909.2M-5.2M0.704.3826,81418,851322,008222,746
2018-08-06$85.77$85.0023.3%6.9%29.8%15.3%24.8%2.1%0.3%37.6M-965.9M-5.1M1.103.6914,21615,597304,288213,402
2018-08-07$86.36$85.0022.4%6.6%29.9%11.3%24.3%2.0%0.4%42.7M-1.05B-5.1M0.823.5217,84614,672305,769217,207
2018-08-08$86.97$85.0021.5%6.5%30.0%7.6%22.7%2.1%0.4%47.2M-1.14B-4.8M1.033.8112,37612,698304,772218,596
2018-08-09$87.11$85.0021.6%6.5%28.0%8.1%22.8%1.8%0.5%49.2M-1.15B-4.8M0.764.3622,51917,207305,882219,309
2018-08-10$87.04$85.0022.3%6.6%27.8%10.9%23.3%2.2%0.7%46.3M-1.12B-4.8M1.074.1016,15317,320304,631222,435
2018-08-13$87.18$85.0022.8%6.6%27.8%13.0%23.1%2.2%0.3%47.7M-1.11B-4.7M0.993.9914,88614,776297,806213,012
2018-08-14$87.78$85.0022.2%6.5%27.7%10.4%22.1%1.9%0.4%54.7M-1.18B-4.7M0.264.2252,64313,564300,422215,349
2018-08-15$85.29$85.0023.9%7.0%29.4%17.8%24.0%2.4%0.4%42.7M-865.1M-4.8M0.755.2131,56223,530337,742217,799
2018-08-16$85.30$85.0022.5%6.5%29.3%11.7%23.2%2.3%0.4%49.5M-854.2M-4.9M1.252.7614,88618,547347,259225,870
2018-08-17$85.60$85.0022.1%6.5%29.3%10.2%22.8%2.3%0.7%35.0M-925.5M-4.9M1.006.0518,85318,915350,849228,808
2018-08-20$85.89$85.0022.4%6.5%28.4%11.4%22.5%2.0%0.2%35.0M-695.1M-4.7M0.952.9715,85115,073265,281194,723
2018-08-21$86.27$85.0021.7%6.2%26.9%8.4%21.8%1.9%0.3%40.5M-752.5M-4.7M0.702.8317,74212,485271,866196,424
2018-08-22$87.05$85.0021.9%6.3%27.0%9.1%22.2%1.9%0.2%45.9M-854.7M-4.7M0.985.9513,50513,246274,369197,749
2018-08-23$87.43$85.0021.6%6.2%25.7%7.8%22.0%2.1%0.2%48.1M-904.8M-4.6M1.073.1913,28814,239276,920199,455
2018-08-24$90.01$85.0021.3%6.1%22.8%6.7%21.6%1.8%0.2%62.3M-1.25B-4.6M0.713.1733,64123,966278,558202,252
2018-08-27$89.91$85.0021.8%6.2%17.8%8.8%22.0%2.0%0.2%56.8M-1.12B-4.5M1.162.8627,93832,484267,886193,400
2018-08-28$90.61$87.0021.4%6.0%17.5%7.3%21.3%2.1%0.3%55.3M-1.17B-4.5M1.142.7513,72715,700271,724209,100
2018-08-29$92.64$87.5022.2%6.2%17.9%10.4%21.7%1.4%0.1%58.0M-1.43B-4.4M0.523.7346,86224,513273,294211,806
2018-08-30$92.09$87.5022.7%6.3%17.5%12.6%22.2%1.5%0.1%61.7M-1.35B-4.7M0.664.0128,42218,752287,314219,130
2018-08-31$92.27$87.5022.0%6.2%17.4%9.9%22.0%1.9%0.0%62.4M-1.38B-4.7M0.963.2916,72916,001293,689222,160