PYPL Options History — July 2020

In July 2020, PYPL traded between $169.90 and $195.15. ATM implied volatility averaged 44.6%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 11.4% (HV 20d: 33.2%). Max pain ranged from $145.00 to $160.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.42.

Notable Days

2020-07-30: Highest Volume — 237,171 contracts
2020-07-30: Largest IV drop — 19.0% change
2020-07-14: Highest IV Rank — 43.7%
2020-07-14: Largest Expected Move — 13.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$177.99	$169.90	$195.15	$177.64	$195.15
Max Pain	$151.14	$145.00	$160.00	$145.00	$160.00
ATM IV	44.6%	35.4%	50.1%	42.1%	35.4%
Expected Move	12.3%	8.8%	13.8%	9.6%	9.9%
HV 20d	33.2%	30.0%	36.2%	33.4%	36.2%
HV 60d	41.5%	39.1%	43.2%	43.0%	40.3%
IV Rank	35.9%	23.1%	43.7%	32.5%	23.1%
IV Percentile	82.3%	63.9%	90.1%	82.9%	63.9%
Term Structure	-1.3%	-2.9%	0.1%	-0.1%	0.1%
VWIV	43.6%	31.2%	49.4%	34.0%	35.7%
Skew 25d	3.9%	-0.6%	6.0%	5.3%	3.1%
Skew 10d	8.6%	4.5%	12.7%	10.1%	7.8%
Call IV 25d	43.9%	34.8%	49.8%	40.3%	34.9%
Put IV 25d	47.8%	38.0%	54.2%	45.5%	38.0%
Bid-Ask Spread %	18.49	3.77	33.93	3.77	8.49
Gamma HHI	0.12	0.07	0.53	0.12	0.53
Net GEX	54.1M	18.6M	209.3M	55.6M	209.3M
Net DEX	-2.15B	-3.42B	-1.50B	-2.39B	-3.42B
Net VEX	-7.7M	-8.3M	-6.7M	-7.1M	-8.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.20	0.67	0.33	0.58
Total Volume	66,680.273	35,418	237,171	40,742	84,654
Total OI	483,824.227	429,008	591,080	465,473	583,869

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
2020-07-01	$177.64	$145.00	42.1%	9.6%	33.4%	32.5%	34.0%	5.3%	-0.1%	55.6M	-2.39B	-7.1M	0.33	3.77	30,682	10,060	213,287	252,186
2020-07-02	$177.51	$145.00	40.2%	8.8%	31.9%	29.8%	31.2%	4.1%	-1.5%	69.1M	-2.41B	-6.8M	0.40	5.16	26,707	10,617	215,944	255,316
2020-07-06	$175.76	$145.00	42.9%	11.6%	32.5%	33.6%	39.1%	1.7%	-2.0%	36.7M	-2.12B	-6.9M	0.39	21.81	39,332	15,465	203,417	228,178
2020-07-07	$177.81	$145.00	43.0%	11.6%	32.4%	33.8%	40.7%	5.6%	-0.2%	42.1M	-2.27B	-6.8M	0.44	18.21	24,610	10,808	215,764	237,330
2020-07-08	$181.20	$145.00	44.2%	11.9%	32.7%	35.5%	41.8%	4.4%	-0.8%	47.7M	-2.46B	-6.7M	0.38	18.56	34,408	12,999	218,091	242,688
2020-07-09	$182.40	$145.00	46.3%	12.6%	32.4%	38.4%	44.7%	5.6%	-2.9%	52.5M	-2.52B	-7.0M	0.35	17.63	34,235	12,084	221,532	249,151
2020-07-10	$178.18	$150.00	48.6%	13.1%	30.0%	41.7%	46.6%	3.8%	-2.4%	35.3M	-2.18B	-7.7M	0.67	17.51	34,294	22,874	224,281	253,880
2020-07-13	$172.55	$150.00	49.7%	13.5%	33.1%	43.2%	48.7%	-0.6%	-1.4%	25.6M	-1.79B	-7.9M	0.39	33.93	46,619	18,232	224,857	256,406
2020-07-14	$171.42	$150.00	50.1%	13.8%	33.1%	43.7%	48.8%	4.4%	-1.5%	24.2M	-1.74B	-7.7M	0.52	32.22	35,834	18,729	240,679	258,788
2020-07-15	$172.00	$150.00	49.5%	13.6%	32.4%	42.8%	49.4%	3.8%	-2.0%	27.9M	-1.82B	-7.8M	0.54	27.40	33,512	18,151	253,047	267,748
2020-07-16	$169.90	$150.00	49.7%	13.7%	32.2%	43.2%	48.7%	4.0%	-2.1%	24.2M	-1.68B	-8.3M	0.52	26.85	27,620	14,436	265,571	272,351
2020-07-17	$173.99	$150.00	45.7%	12.7%	32.5%	37.6%	45.1%	2.3%	-2.0%	39.6M	-2.04B	-8.2M	0.33	28.30	35,220	11,688	272,896	278,601
2020-07-20	$179.27	$150.00	44.6%	12.7%	33.8%	36.1%	45.0%	3.5%	-1.5%	50.2M	-2.01B	-8.0M	0.20	18.48	44,583	8,960	218,101	210,907
2020-07-21	$175.39	$155.00	45.5%	12.9%	33.9%	37.3%	45.8%	4.2%	-1.2%	40.8M	-1.74B	-7.7M	0.44	16.68	31,843	13,999	222,060	213,783
2020-07-22	$178.25	$155.00	44.8%	12.8%	34.0%	36.3%	45.9%	4.8%	-1.6%	54.8M	-1.96B	-7.8M	0.24	19.20	35,201	8,362	229,951	218,965
2020-07-23	$173.78	$155.00	44.1%	12.7%	33.5%	35.3%	44.8%	6.0%	-1.1%	36.9M	-1.62B	-7.8M	0.27	19.62	50,939	13,752	232,804	221,729
2020-07-24	$172.28	$155.00	45.0%	13.0%	32.6%	36.5%	46.5%	5.9%	-1.4%	18.6M	-1.50B	-8.3M	0.42	23.94	29,286	12,384	239,534	226,307
2020-07-27	$178.17	$155.00	45.1%	13.4%	34.7%	36.8%	47.2%	5.4%	-1.1%	41.2M	-1.92B	-7.8M	0.37	20.61	49,206	18,003	225,521	215,721
2020-07-28	$176.63	$155.00	44.3%	13.2%	32.9%	35.5%	46.9%	4.2%	-1.2%	48.1M	-1.93B	-8.1M	0.37	14.75	31,669	11,862	251,438	226,754
2020-07-29	$184.30	$155.00	43.9%	13.2%	33.9%	35.0%	46.9%	1.2%	-1.0%	65.9M	-2.51B	-8.2M	0.51	6.49	136,276	69,600	260,471	233,149
2020-07-30	$192.23	$160.00	35.6%	10.0%	36.1%	23.3%	36.2%	4.0%	-0.1%	143.8M	-3.35B	-8.0M	0.47	7.08	161,658	75,513	313,307	277,773
2020-07-31	$195.15	$160.00	35.4%	9.9%	36.2%	23.1%	35.7%	3.1%	0.1%	209.3M	-3.42B	-8.3M	0.58	8.49	53,525	31,129	309,173	274,696