PYPL Options History — October 2018

In October 2018, PYPL traded between $75.86 and $87.58. ATM implied volatility averaged 35.1%, placing in the 65.1% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 0.9% (HV 20d: 36.0%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.92.

Notable Days

2018-10-19: Highest Volume — 195,045 contracts
2018-10-19: Largest IV drop — 31.4% change
2018-10-11: Highest IV Rank — 100.0%
2018-10-18: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$82.30	$75.86	$87.58	$87.58	$84.47
Max Pain	$82.26	$80.00	$90.00	$85.00	$82.50
ATM IV	35.1%	28.3%	43.6%	30.9%	32.0%
Expected Move	10.0%	8.0%	12.6%	8.0%	9.7%
HV 20d	36.0%	19.6%	56.1%	25.4%	56.1%
HV 60d	29.8%	24.7%	36.6%	24.7%	36.6%
IV Rank	65.1%	36.0%	100.0%	47.8%	51.1%
IV Percentile	83.6%	55.6%	100.0%	72.6%	73.8%
Term Structure	-1.2%	-2.6%	-0.1%	-1.1%	-0.4%
VWIV	34.6%	27.9%	44.3%	28.0%	34.3%
Skew 25d	4.5%	2.0%	7.2%	2.1%	5.6%
Skew 10d	9.4%	4.7%	14.8%	4.7%	11.0%
Call IV 25d	33.2%	26.1%	42.7%	29.6%	29.7%
Put IV 25d	37.8%	31.5%	47.1%	31.6%	35.2%
Bid-Ask Spread %	6.55	2.89	18.46	4.51	4.38
Gamma HHI	0.09	0.06	0.38	0.12	0.09
Net GEX	11.5M	-13.3M	77.2M	25.8M	20.5M
Net DEX	-198.9M	-861.0M	494.3M	-567.3M	-455.4M
Net VEX	-4.8M	-5.5M	-4.3M	-4.4M	-5.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.43	1.54	1.18	0.82
Total Volume	65,613.957	25,662	195,045	43,097	39,004
Total OI	529,483.913	464,655	679,984	464,655	499,436

Daily Data (23 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
2018-10-01	$87.58	$85.00	30.9%	8.0%	25.4%	47.8%	28.0%	2.1%	-1.1%	25.8M	-567.3M	-4.4M	1.18	4.51	19,727	23,370	256,202	208,453
2018-10-02	$86.68	$85.50	31.4%	8.0%	25.0%	49.9%	27.9%	2.2%	-1.0%	12.7M	-431.5M	-4.5M	0.75	10.99	21,315	15,997	259,953	220,994
2018-10-03	$87.06	$85.50	31.4%	8.2%	19.6%	50.2%	28.4%	2.0%	-0.6%	16.7M	-498.9M	-4.4M	0.76	18.46	14,601	11,061	264,709	222,941
2018-10-04	$84.11	$90.00	33.8%	9.0%	22.9%	60.2%	31.7%	2.6%	-1.0%	3.2M	-188.9M	-4.4M	0.87	4.00	36,296	31,549	266,987	225,231
2018-10-05	$83.11	$87.50	34.5%	9.2%	23.1%	63.2%	31.9%	3.0%	-1.6%	4.1M	-87.8M	-4.5M	1.47	4.13	27,003	39,820	283,559	235,761
2018-10-08	$80.73	$87.50	35.7%	9.8%	24.0%	68.6%	33.5%	3.5%	-1.1%	-7.1M	150.9M	-4.4M	0.96	5.13	44,704	42,810	275,101	246,330
2018-10-09	$79.89	$80.00	35.9%	9.8%	22.5%	69.5%	33.9%	3.2%	-1.5%	-7.3M	140.8M	-4.5M	1.30	2.89	22,399	29,103	296,228	255,405
2018-10-10	$75.86	$80.00	42.2%	11.5%	26.6%	96.3%	38.3%	5.2%	-2.0%	-12.7M	494.3M	-4.3M	0.75	5.46	37,991	28,576	302,851	265,358
2018-10-11	$76.00	$80.00	43.1%	11.8%	26.8%	100.0%	39.1%	5.3%	-2.2%	-13.3M	439.2M	-4.5M	0.65	8.50	47,417	30,870	314,978	270,241
2018-10-12	$78.72	$80.00	40.1%	11.2%	31.1%	87.2%	38.4%	4.9%	-1.8%	2.5M	168.7M	-4.7M	1.45	5.33	23,624	34,328	319,304	268,877
2018-10-15	$77.58	$80.00	39.7%	11.2%	30.3%	85.5%	38.9%	4.7%	-2.1%	-1.8M	184.5M	-4.6M	1.54	3.28	14,941	22,949	305,235	253,687
2018-10-16	$80.65	$80.00	35.8%	10.2%	33.4%	69.0%	35.5%	3.7%	-2.1%	5.8M	-91.6M	-4.7M	0.87	4.08	22,539	19,570	309,558	256,996
2018-10-17	$80.06	$80.00	38.3%	11.0%	33.4%	79.7%	37.7%	3.7%	-2.3%	6.7M	-64.8M	-4.7M	0.43	4.22	56,983	24,567	314,728	259,528
2018-10-18	$77.94	$80.00	43.6%	12.6%	33.3%	100.0%	44.3%	4.5%	-2.6%	6.6M	75.0M	-5.0M	0.58	17.18	89,041	51,666	342,714	267,686
2018-10-19	$84.88	$80.00	29.9%	8.7%	46.8%	42.6%	30.9%	5.3%	-1.4%	77.2M	-861.0M	-5.1M	0.49	5.58	131,191	63,854	385,081	294,903
2018-10-22	$85.83	$80.00	28.3%	8.3%	46.9%	36.0%	30.4%	5.4%	-0.1%	26.5M	-644.8M	-5.0M	0.78	3.54	42,167	32,931	238,776	227,250
2018-10-23	$87.55	$80.00	29.1%	8.6%	47.5%	39.2%	31.1%	5.3%	-0.3%	28.8M	-787.5M	-5.2M	0.93	3.73	36,560	33,891	244,788	239,198
2018-10-24	$84.71	$80.00	32.8%	9.9%	48.8%	54.6%	33.4%	5.9%	-0.4%	17.6M	-475.9M	-5.5M	1.13	5.19	17,751	20,042	251,506	246,308
2018-10-25	$86.07	$81.00	30.7%	9.1%	49.1%	45.7%	32.2%	6.0%	-0.3%	29.3M	-662.6M	-5.3M	0.83	4.00	24,659	20,518	257,883	247,763
2018-10-26	$83.47	$82.50	34.6%	10.6%	49.9%	62.1%	37.0%	6.4%	-0.5%	13.2M	-346.5M	-5.3M	0.75	6.11	39,164	29,447	260,547	251,087
2018-10-29	$79.33	$82.50	37.4%	12.2%	52.8%	74.0%	40.0%	7.2%	-0.5%	3.9M	10.9M	-5.1M	0.93	13.73	25,693	23,874	243,848	234,033
2018-10-30	$80.66	$82.50	35.4%	10.9%	53.3%	65.4%	38.4%	6.7%	-0.4%	5.9M	-73.8M	-5.1M	0.84	6.14	23,671	19,887	247,830	238,298
2018-10-31	$84.47	$82.50	32.0%	9.7%	56.1%	51.1%	34.3%	5.6%	-0.4%	20.5M	-455.4M	-5.3M	0.82	4.38	21,479	17,525	255,354	244,082