PYPL Options History — June 2020

In June 2020, PYPL traded between $154.00 and $173.69. ATM implied volatility averaged 36.8%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 4.0% (HV 20d: 32.8%). Max pain ranged from $130.00 to $145.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.55.

Notable Days

2020-06-19: Highest Volume — 66,722 contracts
2020-06-11: Largest IV spike — 25.3% change
2020-06-29: Highest IV Rank — 35.5%
2020-06-11: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$162.31	$154.00	$173.69	$154.35	$173.69
Max Pain	$136.59	$130.00	$145.00	$130.00	$145.00
ATM IV	36.8%	31.3%	44.2%	32.3%	42.6%
Expected Move	10.3%	8.8%	12.0%	9.4%	10.5%
HV 20d	32.8%	24.4%	51.7%	50.9%	32.9%
HV 60d	58.5%	46.6%	72.2%	72.2%	47.2%
IV Rank	25.0%	17.3%	35.5%	18.8%	33.2%
IV Percentile	76.1%	63.9%	85.3%	69.4%	84.1%
Term Structure	1.6%	-1.0%	7.5%	-0.0%	-0.9%
VWIV	36.4%	31.6%	41.8%	33.4%	37.1%
Skew 25d	5.4%	0.7%	7.7%	5.9%	5.8%
Skew 10d	11.3%	6.8%	18.3%	10.6%	12.9%
Call IV 25d	34.5%	29.5%	43.2%	29.9%	41.4%
Put IV 25d	40.0%	35.0%	50.2%	35.8%	47.2%
Bid-Ask Spread %	13.26	3.66	31.22	3.66	5.11
Gamma HHI	0.13	0.08	0.37	0.10	0.11
Net GEX	41.1M	22.6M	67.4M	40.3M	45.7M
Net DEX	-2.09B	-2.67B	-1.72B	-1.96B	-2.13B
Net VEX	-7.1M	-7.7M	-6.5M	-7.1M	-7.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.31	1.05	0.66	0.91
Total Volume	40,837	21,450	66,722	30,094	40,824
Total OI	512,937.045	413,170	579,522	529,252	448,554

Daily Data (22 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
2020-06-01	$154.35	$130.00	32.3%	9.4%	50.9%	18.8%	33.4%	5.9%	-0.0%	40.3M	-1.96B	-7.1M	0.66	3.66	18,153	11,941	219,415	309,837
2020-06-02	$156.38	$130.00	31.6%	9.0%	50.6%	17.9%	31.9%	5.0%	0.0%	44.6M	-2.14B	-6.6M	0.41	4.16	27,790	11,525	222,330	313,333
2020-06-03	$157.34	$130.00	31.3%	8.8%	50.7%	17.3%	31.6%	5.9%	0.1%	46.9M	-2.19B	-6.6M	0.56	5.82	22,316	12,473	225,836	316,288
2020-06-04	$154.00	$135.00	32.1%	9.3%	51.7%	18.4%	33.0%	4.3%	0.3%	39.9M	-1.91B	-6.9M	0.68	18.63	28,114	19,165	227,398	321,157
2020-06-05	$155.49	$135.00	31.3%	8.9%	25.5%	17.3%	32.0%	5.1%	-0.9%	41.7M	-2.08B	-6.6M	0.45	18.97	26,490	11,968	230,917	322,335
2020-06-08	$155.40	$135.00	31.9%	9.1%	25.4%	18.2%	31.6%	5.1%	0.2%	39.7M	-1.98B	-6.5M	0.54	17.17	13,960	7,490	221,299	312,296
2020-06-09	$157.17	$135.00	31.9%	9.5%	25.2%	18.2%	32.7%	4.2%	0.9%	43.8M	-2.12B	-6.5M	0.31	19.12	20,559	6,273	225,377	315,080
2020-06-10	$160.21	$135.00	33.7%	9.7%	24.4%	20.7%	33.6%	4.5%	-0.2%	51.5M	-2.31B	-6.9M	0.48	22.51	22,715	10,977	229,459	316,283
2020-06-11	$154.19	$135.00	42.2%	12.0%	29.1%	32.7%	41.8%	6.1%	0.1%	32.1M	-1.80B	-7.6M	0.77	24.88	29,111	22,390	231,807	320,178
2020-06-12	$154.60	$135.00	40.7%	11.4%	29.1%	30.5%	40.3%	7.7%	-1.0%	27.8M	-1.81B	-7.4M	1.05	31.22	15,615	16,381	229,900	325,205
2020-06-15	$156.96	$135.00	37.7%	10.9%	29.3%	26.4%	39.1%	6.7%	2.4%	33.9M	-1.93B	-7.3M	0.63	25.83	17,910	11,208	220,034	320,882
2020-06-16	$160.54	$135.00	36.0%	10.3%	29.8%	24.0%	35.6%	6.8%	2.1%	44.4M	-2.20B	-7.1M	0.51	22.13	23,435	11,900	223,992	323,456
2020-06-17	$163.96	$135.00	35.9%	10.3%	30.1%	23.8%	36.9%	6.5%	6.0%	51.0M	-2.42B	-7.2M	0.41	15.07	27,362	11,330	227,115	327,822
2020-06-18	$167.25	$140.00	37.5%	10.7%	29.5%	26.1%	37.6%	5.6%	0.7%	55.6M	-2.67B	-6.9M	0.42	11.70	41,699	17,572	230,556	331,810
2020-06-19	$166.07	$140.00	38.4%	11.0%	29.0%	27.4%	38.2%	5.7%	0.4%	67.4M	-2.59B	-7.2M	0.51	14.07	44,045	22,677	240,305	339,217
2020-06-22	$170.46	$140.00	37.2%	10.7%	29.8%	25.7%	38.5%	4.6%	7.5%	29.1M	-1.96B	-7.3M	0.39	4.97	34,321	13,403	189,748	223,422
2020-06-23	$172.84	$140.00	37.7%	10.4%	27.4%	26.4%	36.7%	5.5%	5.6%	37.4M	-2.14B	-7.0M	0.59	4.01	41,226	24,419	196,540	227,326
2020-06-24	$167.74	$140.00	41.1%	11.4%	30.4%	31.1%	39.9%	0.7%	2.1%	23.8M	-1.77B	-7.5M	0.58	7.51	34,945	20,114	202,834	235,576
2020-06-25	$171.81	$140.00	39.6%	10.8%	30.7%	29.0%	38.3%	5.5%	5.3%	40.6M	-2.09B	-7.3M	0.52	6.48	23,427	12,143	210,759	238,910
2020-06-26	$172.64	$140.00	41.9%	11.5%	28.5%	32.3%	40.0%	5.9%	6.2%	44.6M	-2.13B	-7.5M	0.36	4.98	29,564	10,676	211,659	241,740
2020-06-29	$167.62	$140.00	44.2%	11.3%	31.0%	35.5%	40.4%	7.0%	-1.0%	22.6M	-1.72B	-7.7M	0.41	3.70	20,415	8,393	203,317	233,311
2020-06-30	$173.69	$145.00	42.6%	10.5%	32.9%	33.2%	37.1%	5.8%	-0.9%	45.7M	-2.13B	-7.3M	0.91	5.11	21,322	19,502	212,095	236,459