PYPL Options History — December 2018

In December 2018, PYPL traded between $77.68 and $87.92. ATM implied volatility averaged 37.4%, placing in the 66.7% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 5.9% (HV 20d: 43.3%). Max pain ranged from $80.00 to $81.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.65.

Notable Days

2018-12-20: Highest Volume — 76,055 contracts
2018-12-04: Largest IV spike — 18.3% change
2018-12-21: Highest IV Rank — 100.0%
2018-12-24: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$84.07	$77.68	$87.92	$87.92	$83.83
Max Pain	$80.20	$80.00	$81.50	$81.00	$80.00
ATM IV	37.4%	25.6%	48.7%	25.6%	42.6%
Expected Move	10.7%	7.6%	13.5%	7.6%	10.9%
HV 20d	43.3%	38.6%	47.2%	44.6%	41.9%
HV 60d	44.2%	42.4%	46.8%	42.4%	46.3%
IV Rank	66.7%	19.2%	100.0%	19.2%	77.8%
IV Percentile	81.7%	26.6%	100.0%	26.6%	96.8%
Term Structure	1.1%	-1.2%	3.3%	0.5%	-1.2%
VWIV	37.4%	26.2%	48.1%	26.2%	36.8%
Skew 25d	6.0%	3.2%	8.2%	3.2%	6.7%
Skew 10d	11.9%	5.7%	15.9%	5.7%	15.5%
Call IV 25d	34.9%	24.6%	46.3%	24.6%	40.2%
Put IV 25d	40.9%	27.8%	53.8%	27.8%	46.9%
Bid-Ask Spread %	8.20	3.43	15.22	3.98	3.43
Gamma HHI	0.09	0.06	0.15	0.15	0.08
Net GEX	25.0M	2.4M	46.5M	43.7M	27.5M
Net DEX	-468.6M	-875.2M	104.5M	-875.2M	-523.4M
Net VEX	-4.9M	-5.2M	-4.7M	-4.7M	-4.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.27	1.31	0.52	0.32
Total Volume	35,160.3	21,116	76,055	38,477	21,862
Total OI	553,199	508,962	626,879	508,962	560,939

Daily Data (20 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
2018-12-03	$87.92	$81.00	25.6%	7.6%	44.6%	19.2%	26.2%	3.2%	0.5%	43.7M	-875.2M	-4.7M	0.52	3.98	25,345	13,132	273,243	235,719
2018-12-04	$84.42	$81.50	30.3%	9.5%	47.2%	40.1%	31.8%	4.9%	0.3%	23.0M	-452.3M	-5.0M	0.48	6.16	20,473	9,755	278,769	240,277
2018-12-05	$84.17	$81.50	30.8%	9.9%	47.1%	42.6%	32.8%	5.5%	0.3%	22.2M	-440.1M	-4.9M	0.48	10.57	21,087	10,061	278,769	240,277
2018-12-06	$85.50	$80.00	32.7%	9.5%	44.5%	51.1%	32.8%	5.2%	0.1%	28.0M	-545.3M	-5.1M	0.38	5.74	25,235	9,639	281,764	243,076
2018-12-07	$83.28	$80.00	33.9%	10.2%	45.3%	56.4%	35.9%	6.4%	0.4%	18.7M	-339.8M	-4.9M	0.91	12.55	11,301	10,269	289,624	246,564
2018-12-10	$85.10	$80.00	35.2%	10.1%	45.7%	62.1%	36.4%	6.2%	-0.5%	28.7M	-573.8M	-5.0M	0.76	9.15	19,410	14,662	292,895	245,946
2018-12-11	$85.83	$80.00	33.6%	10.0%	44.1%	55.2%	35.0%	5.7%	1.4%	33.2M	-632.3M	-4.9M	0.55	7.84	23,919	13,042	292,403	248,783
2018-12-12	$87.05	$80.00	32.2%	9.4%	44.3%	48.8%	35.9%	5.1%	0.8%	43.1M	-802.2M	-5.0M	1.03	5.97	15,347	15,744	301,800	255,235
2018-12-13	$87.44	$80.00	31.6%	9.2%	44.3%	46.1%	32.7%	5.1%	0.9%	46.5M	-841.0M	-5.0M	0.89	9.15	15,373	13,708	304,211	261,572
2018-12-14	$85.94	$80.00	34.0%	10.0%	44.0%	56.7%	34.4%	5.6%	1.3%	39.1M	-616.3M	-5.0M	0.69	4.71	19,416	13,382	306,831	264,315
2018-12-17	$83.41	$80.00	38.1%	10.9%	45.0%	75.2%	38.7%	6.1%	2.0%	14.0M	-323.2M	-4.9M	1.31	11.71	11,361	14,904	303,582	260,051
2018-12-18	$85.97	$80.00	36.7%	10.5%	39.4%	69.1%	36.6%	5.7%	3.3%	33.1M	-628.3M	-5.0M	0.62	7.90	17,335	10,747	307,120	257,589
2018-12-19	$84.11	$80.00	36.6%	10.5%	38.6%	68.4%	37.1%	5.8%	3.1%	19.3M	-412.0M	-4.8M	0.53	15.22	27,035	14,442	312,260	260,220
2018-12-20	$82.35	$80.00	40.9%	11.6%	39.0%	87.7%	38.8%	7.1%	2.0%	6.1M	-220.8M	-4.8M	0.30	12.84	58,608	17,447	320,776	262,976
2018-12-21	$78.60	$80.00	44.8%	12.6%	42.2%	100.0%	44.0%	7.8%	3.0%	3.2M	104.5M	-4.8M	1.19	8.56	21,120	25,113	362,279	264,600
2018-12-24	$77.68	$80.00	48.7%	13.5%	40.4%	100.0%	48.1%	8.2%	0.2%	2.4M	85.3M	-4.7M	0.56	7.82	13,577	7,539	294,943	239,782
2018-12-26	$82.09	$80.00	47.0%	13.0%	44.9%	94.0%	43.6%	7.0%	0.6%	15.5M	-317.0M	-5.0M	0.27	7.16	44,773	12,217	297,721	241,176
2018-12-27	$83.60	$80.00	48.3%	13.0%	42.0%	98.6%	47.8%	5.8%	0.7%	26.2M	-541.6M	-5.2M	0.75	6.21	14,878	11,172	324,011	241,572
2018-12-28	$83.15	$80.00	44.8%	12.0%	41.8%	85.8%	42.9%	7.3%	2.5%	25.6M	-477.1M	-5.0M	0.50	7.27	25,812	12,964	327,633	242,677
2018-12-31	$83.83	$80.00	42.6%	10.9%	41.9%	77.8%	36.8%	6.7%	-1.2%	27.5M	-523.4M	-4.9M	0.32	3.43	16,503	5,359	324,902	236,037