PYPL Options History — March 2019

In March 2019, PYPL traded between $95.53 and $104.36. ATM implied volatility averaged 24.5%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 6.6% (HV 20d: 17.9%). Max pain ranged from $92.50 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2019-03-13: Highest Volume — 56,763 contracts
  • 2019-03-21: Largest IV spike — 12.7% change
  • 2019-03-27: Highest IV Rank — 35.5%
  • 2019-03-22: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$100.03$95.53$104.36$99.06$103.67
Max Pain$95.83$92.50$100.00$92.50$100.00
ATM IV24.5%20.3%30.4%21.5%29.1%
Expected Move7.5%5.8%8.5%5.8%7.7%
HV 20d17.9%13.7%21.1%13.7%20.7%
HV 60d28.0%23.8%31.3%31.3%23.8%
IV Rank13.2%0.0%35.5%0.8%30.9%
IV Percentile21.5%0.0%52.0%1.6%46.0%
Term Structure1.3%-0.7%7.1%0.0%0.0%
VWIV26.6%21.2%29.5%21.2%27.8%
Skew 25d4.1%2.8%6.7%3.1%6.7%
Skew 10d8.5%6.9%11.5%10.7%11.5%
Call IV 25d22.7%18.6%28.9%20.1%27.2%
Put IV 25d26.8%22.1%35.2%23.3%33.9%
Bid-Ask Spread %4.772.6212.742.623.37
Gamma HHI0.130.090.280.130.10
Net GEX41.9M19.2M90.2M56.8M35.4M
Net DEX-828.4M-1.10B-506.7M-981.1M-1.00B
Net VEX-4.9M-5.2M-4.7M-4.8M-5.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.271.810.370.84
Total Volume32,532.52421,84256,76336,41924,871
Total OI384,343.667342,732406,012396,707406,012

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$99.06$92.5021.5%5.8%13.7%0.8%21.2%3.1%0.0%56.8M-981.1M-4.8M0.372.6226,5569,863208,742187,965
2019-03-04$96.33$92.5023.5%7.0%17.4%7.9%24.5%3.6%0.0%31.7M-598.2M-4.9M0.633.2025,40115,955188,751178,512
2019-03-05$96.80$92.5022.6%6.4%16.5%4.7%24.2%3.4%0.1%37.7M-642.5M-4.9M0.583.0118,43310,685195,578184,702
2019-03-06$96.44$92.5023.0%6.6%16.6%6.3%23.5%3.4%0.1%37.3M-608.0M-5.0M0.603.3614,2928,600199,778185,736
2019-03-07$96.21$92.5023.9%6.9%16.6%9.4%24.4%4.0%-0.4%37.2M-584.6M-5.0M0.7412.7415,44911,482201,290188,759
2019-03-08$95.53$92.5024.5%6.6%15.9%11.7%23.5%3.9%-0.0%36.0M-506.7M-5.0M0.533.3721,94711,571204,513192,310
2019-03-11$97.44$95.0023.0%7.8%17.0%6.4%28.2%2.8%-0.7%44.2M-701.1M-4.8M0.843.7411,8999,943197,852187,955
2019-03-12$97.62$95.0022.1%7.6%16.8%2.9%27.5%3.9%-0.7%47.3M-723.1M-4.8M0.273.5418,8035,085200,643191,931
2019-03-13$99.69$95.0021.9%7.5%16.5%2.1%25.8%4.1%-0.5%76.6M-970.8M-4.7M0.473.0038,72818,035202,928194,304
2019-03-14$99.26$95.0021.0%7.6%16.7%0.0%26.6%4.2%-0.1%66.2M-862.6M-4.8M0.784.2213,23410,329202,882200,160
2019-03-15$100.55$95.0020.3%7.8%17.1%0.0%26.2%3.6%0.7%90.2M-1.04B-4.7M0.404.9434,63613,863201,166204,205
2019-03-18$100.38$95.0020.8%7.7%17.2%1.8%27.4%3.5%6.7%30.2M-766.3M-4.8M0.544.3818,60510,115170,196172,536
2019-03-19$101.24$95.0021.8%7.9%17.3%5.2%27.3%3.5%7.1%36.6M-870.8M-4.8M0.513.5818,9499,657180,594178,283
2019-03-20$102.61$95.0022.9%7.7%17.3%9.2%28.0%3.9%5.7%40.0M-988.1M-4.8M0.576.2216,5629,424182,950181,352
2019-03-21$104.36$97.5025.8%7.9%17.9%19.5%28.9%4.0%5.8%37.8M-1.10B-4.8M0.679.8431,22520,814183,083184,453
2019-03-22$101.55$100.0027.8%8.5%21.1%26.5%29.5%4.5%4.9%27.9M-799.0M-5.1M0.745.2426,99320,027186,019198,033
2019-03-25$101.83$100.0029.4%8.4%21.0%32.0%28.9%6.7%-0.6%19.2M-783.2M-5.2M1.819.918,86816,095181,417197,788
2019-03-26$102.77$100.0029.8%7.9%21.1%33.3%28.2%4.0%-0.3%26.2M-899.2M-5.1M0.773.9214,88311,455183,747194,675
2019-03-27$103.44$100.0030.4%7.8%20.8%35.5%28.2%5.5%-0.6%30.1M-962.3M-5.1M0.983.3416,59016,325189,898198,456
2019-03-28$103.80$100.0029.3%7.7%20.8%31.5%28.5%4.5%-0.1%34.6M-1.00B-5.0M1.242.6812,04014,896197,349203,714
2019-03-29$103.67$100.0029.1%7.7%20.7%30.9%27.8%6.7%0.0%35.4M-1.00B-5.0M0.843.3713,54611,325200,675205,337