PYPL Options History — November 2018

In November 2018, PYPL traded between $77.67 and $88.54. ATM implied volatility averaged 32.2%, placing in the 49.3% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 16.7% (HV 20d: 48.8%). Max pain ranged from $80.00 to $82.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.68.

Notable Days

2018-11-19: Highest Volume — 75,950 contracts
2018-11-19: Largest IV spike — 18.6% change
2018-11-20: Highest IV Rank — 81.6%
2018-11-20: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$83.70	$77.67	$88.54	$84.93	$85.06
Max Pain	$81.79	$80.00	$82.50	$82.50	$81.00
ATM IV	32.2%	26.8%	39.5%	31.0%	30.1%
Expected Move	9.4%	7.9%	11.3%	9.4%	9.2%
HV 20d	48.8%	40.6%	54.9%	54.8%	43.5%
HV 60d	39.3%	36.6%	42.7%	36.6%	41.8%
IV Rank	49.3%	26.1%	81.6%	47.2%	39.6%
IV Percentile	69.4%	43.3%	96.4%	66.3%	54.0%
Term Structure	-0.3%	-1.8%	0.4%	-0.2%	-0.2%
VWIV	32.8%	27.6%	38.3%	33.3%	32.1%
Skew 25d	5.3%	3.7%	6.6%	5.3%	3.7%
Skew 10d	9.8%	7.0%	12.6%	10.5%	7.0%
Call IV 25d	30.0%	24.9%	36.7%	28.8%	28.7%
Put IV 25d	35.2%	29.4%	43.2%	34.2%	32.4%
Bid-Ask Spread %	4.49	2.71	7.05	4.39	5.14
Gamma HHI	0.10	0.08	0.14	0.09	0.12
Net GEX	18.8M	-4.3M	38.0M	23.1M	34.2M
Net DEX	-415.7M	-930.2M	123.7M	-527.3M	-612.6M
Net VEX	-5.0M	-5.3M	-4.8M	-5.3M	-5.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.25	1.19	0.62	0.47
Total Volume	35,851.143	17,784	75,950	26,537	29,962
Total OI	506,989.143	455,915	525,526	503,471	525,526

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
2018-11-01	$84.93	$82.50	31.0%	9.4%	54.8%	47.2%	33.3%	5.3%	-0.2%	23.1M	-527.3M	-5.3M	0.62	4.39	16,354	10,183	256,289	247,182
2018-11-02	$83.63	$82.00	32.1%	9.9%	54.9%	51.7%	34.0%	5.6%	0.1%	15.2M	-366.6M	-5.3M	1.16	7.05	15,273	17,694	262,049	249,764
2018-11-05	$83.97	$82.50	32.6%	9.0%	53.8%	53.8%	33.0%	5.5%	-0.3%	18.4M	-406.9M	-5.1M	0.91	4.65	9,306	8,478	247,526	238,289
2018-11-06	$84.30	$82.50	31.5%	8.8%	53.6%	47.9%	31.5%	5.4%	-0.0%	20.3M	-445.1M	-5.1M	1.19	5.66	14,632	17,386	249,670	240,736
2018-11-07	$88.16	$82.50	27.4%	7.9%	51.5%	29.0%	28.0%	4.5%	0.0%	37.7M	-913.8M	-5.0M	0.70	3.86	26,275	18,407	256,326	247,758
2018-11-08	$88.54	$82.50	26.8%	7.9%	51.4%	26.1%	27.6%	4.5%	0.3%	38.0M	-930.2M	-5.0M	0.85	5.86	15,336	13,024	256,157	253,975
2018-11-09	$86.79	$82.50	29.8%	8.5%	51.3%	38.3%	30.9%	5.1%	0.2%	26.0M	-686.4M	-5.2M	0.57	4.77	31,894	18,297	256,917	254,542
2018-11-12	$83.90	$82.50	33.4%	9.4%	52.7%	53.9%	32.9%	5.8%	-0.5%	14.6M	-353.8M	-5.1M	0.98	4.92	14,536	14,314	255,972	248,307
2018-11-13	$84.05	$82.50	33.1%	9.3%	51.0%	52.9%	31.7%	5.8%	-0.6%	15.0M	-364.1M	-5.1M	0.74	5.14	14,544	10,721	258,483	250,165
2018-11-14	$84.48	$82.50	33.7%	9.6%	50.9%	55.6%	36.8%	5.7%	0.2%	15.9M	-411.8M	-5.2M	0.89	3.74	15,116	13,460	259,404	251,672
2018-11-15	$86.55	$82.50	32.4%	9.2%	50.2%	49.5%	35.1%	6.0%	-0.4%	27.2M	-702.7M	-5.1M	0.72	4.20	22,432	16,259	263,582	255,427
2018-11-16	$85.43	$82.50	31.3%	9.0%	40.6%	44.8%	29.1%	5.3%	0.1%	25.2M	-560.4M	-5.0M	0.49	5.51	33,280	16,201	263,757	260,678
2018-11-19	$80.04	$82.50	37.1%	10.6%	46.5%	70.8%	34.4%	6.1%	-1.1%	-40.2K	-19.0M	-4.9M	0.25	4.69	60,759	15,191	226,732	229,183
2018-11-20	$77.67	$82.50	39.5%	11.3%	46.6%	81.6%	38.3%	6.6%	-1.8%	-661.8K	123.7M	-5.0M	0.54	3.97	28,227	15,206	262,892	233,923
2018-11-21	$79.30	$80.50	35.0%	10.0%	46.4%	61.6%	34.4%	5.9%	-1.1%	3.9M	-801.1K	-5.0M	0.64	2.71	19,674	12,622	272,433	238,212
2018-11-23	$77.95	$80.00	36.1%	10.5%	46.0%	66.3%	35.9%	6.4%	-0.8%	-4.3M	113.2M	-4.8M	0.40	5.08	19,857	7,964	276,481	240,819
2018-11-26	$80.69	$80.00	32.5%	9.8%	47.0%	50.0%	33.3%	4.9%	-0.1%	9.6M	-154.0M	-4.9M	0.52	3.26	20,142	10,421	273,607	232,446
2018-11-27	$81.82	$80.00	30.9%	9.4%	43.5%	43.1%	33.5%	4.4%	0.4%	15.1M	-267.0M	-4.9M	0.65	3.28	16,233	10,619	277,516	235,170
2018-11-28	$85.77	$80.50	28.5%	8.7%	46.2%	32.1%	30.3%	4.3%	0.4%	32.7M	-683.2M	-5.1M	0.38	2.83	38,466	14,567	279,679	238,062
2018-11-29	$84.72	$81.00	30.3%	9.2%	43.5%	40.1%	32.3%	3.9%	-0.2%	27.1M	-560.3M	-5.0M	0.52	3.66	19,493	10,069	279,522	239,942
2018-11-30	$85.06	$81.00	30.1%	9.2%	43.5%	39.6%	32.1%	3.7%	-0.2%	34.2M	-612.6M	-5.0M	0.47	5.14	20,399	9,563	283,562	241,964