PYPL Options History — November 2020

In November 2020, PYPL traded between $178.99 and $216.00. ATM implied volatility averaged 38.9%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 20.5% (HV 20d: 59.5%). Max pain ranged from $195.00 to $210.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.46.

Notable Days

  • 2020-11-03: Highest Volume — 203,967 contracts
  • 2020-11-03: Largest IV drop — 14.7% change
  • 2020-11-02: Highest IV Rank — 51.1%
  • 2020-11-02: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$195.66$178.99$216.00$187.25$214.20
Max Pain$201.25$195.00$210.00$195.00$200.00
ATM IV38.9%35.6%55.4%55.4%37.6%
Expected Move11.5%10.3%19.3%19.3%11.3%
HV 20d59.5%43.8%64.8%43.8%58.2%
HV 60d46.9%39.7%50.0%39.7%49.5%
IV Rank28.1%23.4%51.1%51.1%26.2%
IV Percentile51.0%39.3%92.1%92.1%46.8%
Term Structure-0.3%-1.8%0.9%-1.8%0.0%
VWIV40.8%36.3%67.2%67.2%40.5%
Skew 25d2.0%0.7%5.3%1.8%0.7%
Skew 10d4.1%1.1%7.1%4.0%3.7%
Call IV 25d38.4%34.7%54.9%54.9%37.8%
Put IV 25d40.4%36.7%56.7%56.7%38.5%
Bid-Ask Spread %16.923.9441.1515.669.10
Gamma HHI0.120.090.150.100.11
Net GEX61.8M2.3M112.8M23.3M90.2M
Net DEX-2.11B-4.60B-411.0M-1.22B-3.96B
Net VEX-14.3M-15.0M-12.6M-14.2M-14.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.140.770.580.14
Total Volume100,851.2548,403203,967145,652142,134
Total OI690,321.6614,459742,117614,459654,333

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-11-02$187.25$195.0055.4%19.3%43.8%51.1%67.2%1.8%-1.8%23.3M-1.22B-14.2M0.5815.6692,07453,578322,026292,433
2020-11-03$178.99$195.0047.2%14.0%45.7%39.7%50.2%2.9%-0.3%2.3M-411.0M-12.6M0.6613.80122,74581,222322,026292,433
2020-11-04$193.69$195.0040.8%13.1%54.0%30.7%45.4%0.9%0.8%61.4M-1.94B-14.6M0.7717.1358,32244,964390,453333,165
2020-11-05$203.00$210.0040.0%11.3%56.5%29.6%40.9%1.7%-0.8%105.4M-3.09B-14.6M0.7341.1565,95548,466388,345335,085
2020-11-06$203.13$210.0038.0%10.9%56.2%26.8%39.0%1.0%0.5%82.7M-3.06B-14.3M0.4932.3850,81525,151389,301340,209
2020-11-09$186.71$210.0038.8%11.0%63.1%27.9%39.0%2.9%-0.0%29.8M-1.04B-13.4M0.6331.1558,24636,646348,193295,326
2020-11-10$183.24$210.0040.4%11.7%61.8%30.2%41.2%1.7%0.6%15.9M-697.3M-13.6M0.5429.6256,94030,730369,874311,642
2020-11-11$192.53$200.0037.8%11.1%64.6%26.5%39.3%2.0%0.8%63.4M-1.79B-14.7M0.4120.0354,13722,026387,395320,393
2020-11-12$188.89$200.0039.0%11.4%64.8%28.2%40.1%5.3%0.1%41.1M-1.31B-14.6M0.3524.9340,69914,274393,595324,287
2020-11-13$188.55$200.0038.2%10.8%64.7%27.1%38.1%1.8%-0.0%43.2M-1.24B-14.3M0.4627.3238,47117,558401,539328,916
2020-11-16$191.33$200.0037.7%10.8%64.8%26.3%38.7%1.5%-0.8%51.4M-1.60B-14.2M0.3019.8377,84723,301377,967318,441
2020-11-17$192.93$200.0036.1%10.4%64.7%24.2%37.5%1.5%0.9%67.8M-1.77B-14.4M0.3812.5742,35015,936389,248323,286
2020-11-18$190.72$200.0035.9%10.3%61.7%23.9%36.3%1.9%0.9%49.6M-1.47B-13.9M0.607.8533,72320,254395,055329,438
2020-11-19$190.86$200.0035.8%10.3%60.0%23.7%36.9%2.6%-1.0%41.6M-1.43B-13.8M0.418.2934,29414,109395,686337,477
2020-11-20$193.81$200.0036.0%10.4%60.3%24.0%37.2%2.3%-0.7%68.0M-1.84B-14.2M0.426.0660,59825,706399,531342,586
2020-11-23$200.78$200.0036.4%10.4%60.7%24.6%37.0%2.3%-1.3%85.4M-2.65B-14.6M0.226.90139,26231,204339,107296,144
2020-11-24$205.64$200.0035.6%10.4%60.7%23.4%36.8%2.0%-1.1%112.8M-3.31B-14.9M0.193.94111,67220,897355,335307,342
2020-11-25$216.00$200.0036.4%10.7%61.4%24.5%38.2%1.1%-0.9%103.8M-4.60B-14.9M0.314.34117,35136,350362,722311,294
2020-11-27$210.88$200.0035.8%10.5%62.2%23.7%37.3%2.3%-1.0%96.7M-3.85B-15.0M0.596.4335,77921,239366,565318,239
2020-11-30$214.20$200.0037.6%11.3%58.2%26.2%40.5%0.7%0.0%90.2M-3.96B-14.8M0.149.10124,32617,808350,023304,310