PYPL Options History — April 2020

In April 2020, PYPL traded between $90.92 and $123.81. ATM implied volatility averaged 49.3%, placing in the 42.6% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 31.3% (HV 20d: 80.6%). Max pain ranged from $100.00 to $110.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2020-04-24: Highest Volume — 43,949 contracts
  • 2020-04-06: Largest IV drop — 13.8% change
  • 2020-04-02: Highest IV Rank — 60.9%
  • 2020-04-01: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.93$90.92$123.81$90.92$122.64
Max Pain$105.29$100.00$110.00$100.00$110.00
ATM IV49.3%38.3%62.4%61.9%39.3%
Expected Move14.3%12.3%18.0%18.0%12.8%
HV 20d80.6%56.1%103.0%96.8%56.1%
HV 60d65.9%61.0%69.3%61.0%69.1%
IV Rank42.6%27.1%60.9%60.3%28.6%
IV Percentile89.8%83.3%96.0%96.0%84.1%
Term Structure-1.1%-2.2%2.8%-1.2%-0.0%
VWIV49.9%43.3%67.0%67.0%46.0%
Skew 25d12.6%5.8%16.8%16.8%12.8%
Skew 10d23.9%18.2%33.1%33.1%20.6%
Call IV 25d42.7%33.7%53.9%53.9%34.0%
Put IV 25d55.3%42.4%70.7%70.7%46.8%
Bid-Ask Spread %8.974.5018.978.446.62
Gamma HHI0.060.050.130.070.07
Net GEX1.1M-25.9M26.2M-20.8M24.4M
Net DEX-143.5M-1.01B852.5M843.9M-922.4M
Net VEX-7.1M-7.4M-6.4M-6.4M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.412.012.010.71
Total Volume26,924.1913,58043,94916,21631,202
Total OI467,491.286426,634506,786468,619477,833

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$90.92$100.0061.9%18.0%96.8%60.3%67.0%16.8%-1.2%-20.8M843.9M-6.4M2.018.445,38910,827189,780278,839
2020-04-02$92.90$105.0062.4%16.1%97.3%60.9%53.7%11.7%-1.9%-21.6M763.1M-6.6M0.5918.978,5655,016191,094283,453
2020-04-03$91.10$105.0059.1%16.1%97.4%56.3%53.9%14.1%-1.3%-25.9M852.5M-6.4M1.2815.5210,04212,893192,000284,625
2020-04-06$101.10$105.0050.9%13.9%103.0%44.9%46.4%15.5%-2.0%-14.0M305.9M-7.0M0.9315.9612,27911,449178,633279,204
2020-04-07$101.92$105.0051.3%14.8%100.6%45.4%47.9%15.5%2.8%-12.1M250.5M-7.1M0.5616.4515,7478,885183,552283,883
2020-04-08$104.68$105.0050.0%14.0%99.7%43.6%49.1%14.7%-1.2%-5.1M57.3M-7.2M0.9613.5912,34611,833188,537285,575
2020-04-09$106.03$105.0050.0%14.0%98.3%43.6%48.0%14.2%-1.1%-1.7M-20.2M-7.2M0.678.3213,4419,068189,849290,071
2020-04-13$105.06$105.0051.2%14.5%96.4%45.3%51.7%13.0%-1.5%-8.2M78.5M-7.0M1.867.434,7428,838183,476284,174
2020-04-14$110.16$105.0047.4%13.5%93.6%40.0%48.5%11.8%-1.1%1.8M-237.7M-7.0M0.827.1514,29611,655184,518285,766
2020-04-15$108.24$105.0047.3%13.5%93.9%39.7%49.7%13.1%1.5%-1.8M-106.8M-7.0M0.908.5613,92912,521188,224291,222
2020-04-16$107.88$105.0050.6%14.6%84.4%44.4%51.3%12.7%-1.9%-2.7M-85.9M-7.2M0.488.2120,8019,966194,000297,655
2020-04-17$111.08$105.0049.3%14.3%79.7%42.6%50.5%12.6%-1.9%7.4M-371.1M-7.3M0.917.2914,28613,006204,158302,628
2020-04-20$112.51$105.0048.7%14.5%72.8%41.8%51.6%11.6%-2.2%3.5M-289.8M-7.3M0.566.1115,1258,485166,947259,687
2020-04-21$108.50$105.0053.0%15.7%71.8%47.8%53.9%13.3%-1.7%-1.8M-61.4M-7.4M0.906.5911,36710,241172,615265,057
2020-04-22$115.76$105.0048.9%14.4%58.3%42.1%50.7%12.8%-2.1%11.0M-503.5M-7.4M0.694.5026,01017,820177,335269,216
2020-04-23$115.85$105.0048.0%14.2%58.4%40.8%49.5%12.5%-1.6%15.0M-521.7M-7.4M0.556.1018,19910,090184,056276,025
2020-04-24$120.26$105.0045.9%13.4%59.3%37.8%45.7%12.0%-1.4%21.6M-815.9M-7.3M0.704.7525,82718,122185,306277,835
2020-04-27$120.55$105.0041.4%12.9%56.4%31.6%45.4%10.2%-1.1%17.1M-750.1M-7.2M0.654.6718,07811,813182,963272,129
2020-04-28$116.51$108.0040.7%12.7%58.5%30.6%44.6%5.8%-0.6%10.4M-473.4M-7.1M0.955.2715,47014,758187,745278,025
2020-04-29$123.81$108.0038.3%12.3%60.9%27.1%43.3%8.8%-0.9%26.2M-1.01B-6.9M0.417.7829,04311,938190,397279,230
2020-04-30$122.64$110.0039.3%12.8%56.1%28.6%46.0%12.8%-0.0%24.4M-922.4M-7.1M0.716.6218,21312,989194,566283,267