PYPL Options History — August 2020

In August 2020, PYPL traded between $189.32 and $204.99. ATM implied volatility averaged 34.7%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 0.5% (HV 20d: 34.2%). Max pain ranged from $150.00 to $170.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2020-08-05: Highest Volume — 78,452 contracts
  • 2020-08-10: Largest IV spike — 8.0% change
  • 2020-08-31: Highest IV Rank — 27.5%
  • 2020-08-11: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.79$189.32$204.99$197.21$204.70
Max Pain$159.52$150.00$170.00$165.00$170.00
ATM IV34.7%32.3%38.5%35.9%38.5%
Expected Move9.8%9.2%10.5%10.1%10.4%
HV 20d34.2%26.5%37.0%35.9%26.5%
HV 60d32.0%31.0%32.7%31.1%31.5%
IV Rank22.1%18.8%27.5%23.9%27.5%
IV Percentile60.2%49.2%71.0%65.9%71.0%
Term Structure0.4%-1.0%1.7%-0.2%1.0%
VWIV35.4%33.3%38.2%36.6%37.5%
Skew 25d3.1%1.8%5.2%3.7%5.2%
Skew 10d7.2%1.1%10.3%5.5%7.6%
Call IV 25d34.2%32.2%37.5%36.1%37.5%
Put IV 25d37.3%35.1%42.7%39.8%42.7%
Bid-Ask Spread %15.817.2928.167.297.46
Gamma HHI0.140.110.190.130.14
Net GEX63.3M37.5M91.5M61.1M63.3M
Net DEX-2.67B-3.31B-2.05B-2.86B-2.68B
Net VEX-8.1M-8.6M-7.4M-7.7M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.210.700.490.70
Total Volume44,441.8128,06878,45243,94533,191
Total OI510,047.619460,730556,772470,960482,578

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$197.21$165.0035.9%10.1%35.9%23.9%36.6%3.7%-0.2%61.1M-2.86B-7.7M0.497.2929,49414,451239,462231,498
2020-08-04$196.73$165.0034.7%9.6%35.9%22.1%34.9%3.8%-0.0%66.9M-2.75B-8.4M0.569.8625,52314,279249,197236,330
2020-08-05$202.53$165.0034.6%9.5%36.6%22.0%34.2%2.0%-0.9%81.7M-3.26B-7.4M0.3012.3660,51417,938253,053239,071
2020-08-06$203.06$150.0033.0%9.6%36.6%19.8%34.5%3.0%0.2%86.2M-3.31B-7.6M0.3817.9931,36612,041259,801244,201
2020-08-07$199.23$150.0034.0%9.9%36.2%21.1%35.9%2.9%0.3%68.1M-2.95B-8.0M0.599.5230,16717,731267,582248,846
2020-08-10$192.94$150.0036.7%10.4%36.2%24.9%37.3%3.7%-0.4%46.1M-2.36B-8.2M0.6224.3825,80916,056257,605243,419
2020-08-11$189.32$150.0036.0%10.5%37.0%23.9%37.9%2.9%1.0%37.5M-2.05B-8.6M0.5528.1624,63413,534262,823249,762
2020-08-12$191.12$150.0034.9%10.2%37.0%22.4%38.2%3.5%-0.0%42.5M-2.22B-8.2M0.4323.2222,1239,438267,712253,253
2020-08-13$192.75$155.0036.3%10.4%36.5%24.3%37.3%1.8%0.3%53.2M-2.37B-8.3M0.2116.2256,40911,657271,943255,960
2020-08-14$191.22$155.0034.8%10.0%36.2%22.2%35.8%3.8%0.1%47.3M-2.29B-8.6M0.3726.6429,11210,852290,838260,726
2020-08-17$197.15$155.0034.2%9.8%36.2%21.4%34.7%2.3%0.4%75.3M-2.87B-8.2M0.3614.8234,76812,591284,063253,681
2020-08-18$194.84$160.0033.6%9.7%35.4%20.6%34.7%2.6%0.8%68.2M-2.61B-8.3M0.398.6920,2237,845283,605256,075
2020-08-19$192.80$160.0033.6%9.6%35.6%20.7%34.3%3.1%1.7%58.0M-2.43B-8.0M0.3413.5230,86910,585286,676258,821
2020-08-20$198.49$160.0032.3%9.2%34.9%18.8%33.3%2.6%0.8%91.5M-3.04B-7.9M0.4121.8934,08613,846292,293263,522
2020-08-21$197.11$160.0032.5%9.3%34.8%19.1%33.4%2.9%-0.0%55.8M-2.80B-7.9M0.5718.1224,86514,284288,811267,961
2020-08-24$198.39$165.0033.7%9.4%33.3%20.8%34.1%3.2%0.3%50.1M-2.32B-7.7M0.4012.3228,17411,287224,791235,939
2020-08-25$201.60$165.0033.7%9.3%33.1%20.7%34.0%2.3%-1.0%67.9M-2.59B-7.8M0.4910.9723,39611,420235,258239,544
2020-08-26$203.38$165.0034.0%9.7%30.3%21.1%34.3%4.1%1.1%73.0M-2.68B-8.4M0.4013.6739,08615,460239,530243,989
2020-08-27$204.99$165.0035.6%9.9%27.0%23.4%35.4%3.2%0.9%77.0M-2.84B-7.8M0.399.4040,16115,705241,626246,073
2020-08-28$204.13$170.0036.3%9.9%26.7%24.4%35.7%1.8%1.1%59.1M-2.76B-8.4M0.4625.4226,30412,004251,796251,286
2020-08-31$204.70$170.0038.5%10.4%26.5%27.5%37.5%5.2%1.0%63.3M-2.68B-8.1M0.707.4619,50613,685240,383242,195