PYPL Options History — October 2020

In October 2020, PYPL traded between $185.53 and $213.58. ATM implied volatility averaged 50.2%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 12.5% (HV 20d: 37.6%). Max pain ranged from $185.00 to $195.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.41.

Notable Days

2020-10-21: Highest Volume — 238,980 contracts
2020-10-28: Largest IV spike — 8.6% change
2020-10-30: Highest IV Rank — 51.6%
2020-10-30: Largest Expected Move — 17.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$199.08	$185.53	$213.58	$196.40	$185.53
Max Pain	$191.36	$185.00	$195.00	$185.00	$195.00
ATM IV	50.2%	45.5%	55.7%	49.4%	55.7%
Expected Move	14.2%	11.4%	17.7%	11.5%	17.7%
HV 20d	37.6%	30.9%	47.0%	47.0%	44.3%
HV 60d	37.5%	36.5%	39.8%	37.3%	39.8%
IV Rank	43.8%	37.2%	51.6%	42.7%	51.6%
IV Percentile	86.7%	75.4%	92.9%	86.5%	92.9%
Term Structure	-1.5%	-4.2%	2.2%	2.2%	-2.7%
VWIV	50.1%	40.2%	61.9%	41.3%	61.9%
Skew 25d	2.5%	-2.4%	6.6%	4.6%	6.2%
Skew 10d	7.0%	-0.5%	13.3%	9.6%	13.1%
Call IV 25d	49.6%	45.0%	55.2%	45.7%	55.2%
Put IV 25d	52.1%	46.4%	61.4%	50.3%	61.4%
Bid-Ask Spread %	10.24	3.72	21.02	5.75	21.02
Gamma HHI	0.12	0.09	0.20	0.11	0.10
Net GEX	58.9M	10.1M	98.9M	51.2M	10.1M
Net DEX	-2.27B	-3.73B	-867.1M	-1.98B	-867.1M
Net VEX	-12.7M	-14.8M	-10.2M	-10.2M	-14.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.24	0.89	0.47	0.89
Total Volume	75,954.182	34,525	238,980	53,650	94,033
Total OI	586,876.5	505,240	656,224	512,001	651,512

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
2020-10-01	$196.40	$185.00	49.4%	11.5%	47.0%	42.7%	41.3%	4.6%	2.2%	51.2M	-1.98B	-10.2M	0.47	5.75	36,534	17,116	252,892	259,109
2020-10-02	$192.57	$185.00	49.5%	11.4%	45.8%	42.8%	40.2%	2.4%	-0.4%	35.8M	-1.61B	-10.6M	0.61	5.58	27,246	16,594	256,296	266,378
2020-10-05	$196.41	$190.00	48.3%	13.7%	41.9%	41.3%	48.5%	3.3%	-0.3%	43.1M	-1.88B	-10.3M	0.38	4.11	30,436	11,597	245,625	259,615
2020-10-06	$191.58	$190.00	49.9%	13.8%	41.0%	43.4%	49.1%	4.4%	-4.2%	37.3M	-1.52B	-10.2M	0.52	13.55	25,564	13,340	255,167	264,040
2020-10-07	$194.38	$190.00	47.4%	13.3%	38.0%	40.0%	46.9%	6.6%	-0.1%	52.7M	-1.75B	-10.3M	0.33	4.74	34,724	11,400	259,607	270,527
2020-10-08	$193.27	$190.00	47.0%	13.1%	37.1%	39.3%	46.5%	2.3%	0.2%	49.4M	-1.69B	-10.6M	0.24	3.96	49,972	12,065	269,066	275,753
2020-10-09	$196.76	$190.00	46.3%	12.7%	35.1%	38.3%	45.3%	1.8%	-0.3%	90.6M	-2.11B	-10.8M	0.26	4.53	49,776	12,719	283,976	277,632
2020-10-12	$201.74	$185.00	45.5%	12.6%	35.6%	37.2%	44.6%	-1.4%	-1.8%	76.0M	-2.48B	-10.6M	0.35	7.35	98,191	34,423	270,275	270,238
2020-10-13	$208.43	$190.00	49.4%	13.3%	36.6%	42.7%	47.0%	0.7%	-2.5%	90.7M	-3.21B	-12.1M	0.24	5.37	72,788	17,463	300,035	291,813
2020-10-14	$203.97	$190.00	49.4%	14.0%	36.9%	42.7%	48.7%	-0.1%	-1.3%	81.6M	-2.90B	-12.7M	0.31	5.24	62,892	19,250	316,474	296,571
2020-10-15	$203.01	$190.00	51.8%	14.5%	33.0%	46.1%	50.6%	-2.4%	-1.7%	83.5M	-2.86B	-13.5M	0.30	9.52	44,595	13,239	334,681	304,119
2020-10-16	$204.32	$190.00	49.0%	13.7%	33.0%	42.1%	48.6%	1.0%	-1.7%	94.0M	-3.08B	-13.6M	0.33	3.72	66,478	21,748	347,552	308,672
2020-10-19	$200.68	$190.00	51.6%	14.7%	31.9%	45.9%	51.5%	3.1%	-3.7%	52.6M	-2.40B	-14.0M	0.52	14.55	41,017	21,468	299,087	254,477
2020-10-20	$203.17	$195.00	51.6%	14.7%	30.9%	45.9%	51.8%	3.5%	-1.9%	67.0M	-2.67B	-14.1M	0.36	19.78	29,727	10,583	312,926	265,021
2020-10-21	$213.58	$195.00	51.3%	14.7%	32.3%	45.3%	52.3%	-0.1%	-2.7%	98.9M	-3.73B	-13.9M	0.24	13.74	192,740	46,240	316,532	267,646
2020-10-22	$204.25	$195.00	50.7%	14.6%	37.1%	44.5%	51.5%	1.1%	-1.8%	70.5M	-2.75B	-14.1M	0.39	9.29	102,336	40,064	335,869	275,192
2020-10-23	$202.39	$195.00	48.9%	14.2%	36.2%	42.0%	50.4%	2.9%	-1.9%	41.6M	-2.54B	-14.3M	0.49	15.18	54,964	26,867	355,574	288,858
2020-10-26	$196.21	$195.00	52.1%	15.7%	37.2%	46.5%	54.2%	3.3%	-2.6%	42.6M	-1.95B	-14.6M	0.42	15.04	60,623	25,298	339,584	282,417
2020-10-27	$200.81	$195.00	51.0%	15.6%	37.8%	45.0%	55.0%	4.0%	-0.6%	63.2M	-2.41B	-14.8M	0.33	14.16	32,138	10,626	352,283	287,183
2020-10-28	$193.97	$195.00	55.4%	16.9%	39.8%	51.1%	59.2%	3.8%	-3.4%	30.8M	-1.69B	-14.7M	0.53	17.26	31,119	16,474	352,585	289,967
2020-10-29	$196.29	$195.00	52.5%	16.3%	40.0%	47.1%	57.3%	4.5%	-0.7%	31.7M	-1.91B	-14.7M	0.50	11.86	23,011	11,514	352,475	295,982
2020-10-30	$185.53	$195.00	55.7%	17.7%	44.3%	51.6%	61.9%	6.2%	-2.7%	10.1M	-867.1M	-14.2M	0.89	21.02	49,799	44,234	353,910	297,602