PYPL Options History — February 2021

In February 2021, PYPL traded between $242.00 and $304.83. ATM implied volatility averaged 42.3%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 4.0% (HV 20d: 46.3%). Max pain ranged from $230.00 to $240.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.54.

Notable Days

2021-02-04: Highest Volume — 336,327 contracts
2021-02-04: Largest IV drop — 21.2% change
2021-02-01: Highest IV Rank — 42.4%
2021-02-01: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$274.62	$242.00	$304.83	$242.00	$260.80
Max Pain	$233.16	$230.00	$240.00	$230.00	$240.00
ATM IV	42.3%	37.5%	50.9%	50.9%	42.7%
Expected Move	12.4%	10.8%	15.9%	15.9%	12.1%
HV 20d	46.3%	41.5%	52.4%	41.5%	48.9%
HV 60d	38.9%	36.6%	43.3%	43.3%	39.8%
IV Rank	27.1%	18.3%	42.4%	42.4%	19.4%
IV Percentile	53.0%	35.3%	84.9%	84.9%	52.8%
Term Structure	-0.2%	-1.7%	1.0%	-1.1%	-0.1%
VWIV	44.2%	38.7%	56.7%	56.4%	43.7%
Skew 25d	0.9%	-1.6%	5.1%	2.4%	3.6%
Skew 10d	1.8%	-3.3%	10.5%	4.3%	7.4%
Call IV 25d	42.7%	38.2%	50.3%	50.3%	42.0%
Put IV 25d	43.5%	37.9%	52.8%	52.8%	45.6%
Bid-Ask Spread %	11.92	4.90	23.04	9.69	8.00
Gamma HHI	0.10	0.05	0.18	0.09	0.06
Net GEX	80.4M	16.3M	158.5M	45.8M	34.4M
Net DEX	-4.51B	-7.12B	-1.81B	-2.40B	-2.42B
Net VEX	-15.8M	-18.5M	-13.4M	-15.5M	-18.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.33	0.89	0.52	0.67
Total Volume	127,579.368	53,682	336,327	53,682	77,530
Total OI	591,311.789	485,780	661,633	485,780	661,633

Daily Data (19 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
2021-02-01	$242.00	$230.00	50.9%	15.9%	41.5%	42.4%	56.4%	2.4%	-1.1%	45.8M	-2.40B	-15.5M	0.52	9.69	35,421	18,261	265,545	220,235
2021-02-02	$248.40	$230.00	48.4%	15.4%	42.4%	38.7%	54.7%	2.1%	-1.7%	56.9M	-2.97B	-15.2M	0.77	12.80	38,981	29,948	273,751	227,669
2021-02-03	$252.43	$230.00	49.9%	15.9%	42.5%	40.9%	56.7%	0.5%	-1.7%	63.3M	-3.37B	-15.2M	0.53	23.04	141,177	74,756	285,655	240,405
2021-02-04	$269.18	$230.00	39.3%	11.2%	45.2%	25.5%	39.9%	-0.2%	-0.6%	158.5M	-5.57B	-14.3M	0.43	8.58	235,848	100,479	344,207	287,068
2021-02-05	$269.18	$230.00	37.5%	10.8%	44.2%	22.8%	38.7%	-0.3%	0.1%	138.7M	-5.02B	-14.2M	0.54	12.65	61,162	32,932	336,835	284,812
2021-02-08	$281.38	$230.00	39.2%	11.2%	45.5%	25.4%	40.1%	-0.2%	-0.1%	110.6M	-5.42B	-13.4M	0.44	12.42	82,107	35,862	293,703	238,120
2021-02-09	$286.05	$230.00	39.7%	11.4%	44.6%	26.0%	40.5%	-0.2%	-0.0%	118.3M	-5.74B	-13.6M	0.58	4.90	46,734	27,166	303,995	250,223
2021-02-10	$284.40	$230.00	40.1%	11.6%	44.8%	26.7%	41.1%	0.1%	0.1%	111.8M	-5.54B	-14.1M	0.50	18.37	54,114	27,003	310,315	260,166
2021-02-11	$284.37	$230.00	39.7%	11.4%	44.1%	26.1%	41.0%	-0.4%	-0.3%	139.2M	-5.52B	-15.1M	0.33	17.58	213,552	70,049	324,845	269,249
2021-02-12	$298.07	$230.00	39.0%	11.4%	45.8%	25.0%	40.6%	-1.4%	1.0%	99.7M	-7.12B	-15.4M	0.34	6.28	147,715	50,747	353,894	283,456
2021-02-16	$304.83	$230.00	41.7%	11.9%	45.0%	28.9%	42.8%	-1.6%	0.1%	111.5M	-6.91B	-15.3M	0.35	10.11	110,511	38,985	327,792	264,363
2021-02-17	$297.14	$230.00	41.8%	12.0%	46.2%	29.1%	42.8%	-0.8%	0.6%	100.3M	-6.13B	-16.6M	0.45	9.49	67,936	30,422	344,363	276,111
2021-02-18	$290.88	$230.00	40.7%	11.6%	47.1%	27.5%	41.8%	0.3%	0.7%	73.9M	-5.58B	-16.7M	0.65	15.42	52,221	33,815	354,503	284,350
2021-02-19	$287.87	$240.00	39.4%	11.2%	47.4%	22.6%	40.1%	0.3%	0.9%	64.6M	-5.29B	-16.9M	0.64	19.75	51,074	32,435	362,709	293,858
2021-02-22	$274.61	$240.00	41.1%	11.8%	51.1%	22.9%	42.4%	1.3%	-0.2%	35.2M	-3.55B	-16.8M	0.89	8.72	42,781	38,051	307,436	258,292
2021-02-23	$266.07	$240.00	42.8%	12.2%	52.4%	19.7%	44.1%	2.9%	-0.4%	17.6M	-2.69B	-17.5M	0.59	7.06	85,776	51,021	313,944	272,621
2021-02-24	$265.26	$240.00	42.1%	12.0%	51.3%	18.3%	42.8%	2.7%	0.4%	31.3M	-2.75B	-17.9M	0.50	7.86	49,499	24,584	333,620	286,912
2021-02-25	$254.79	$240.00	47.6%	14.0%	50.1%	27.8%	49.1%	5.1%	-1.0%	16.3M	-1.81B	-18.5M	0.50	13.70	75,491	37,862	344,046	294,223
2021-02-26	$260.80	$240.00	42.7%	12.1%	48.9%	19.4%	43.7%	3.6%	-0.1%	34.4M	-2.42B	-18.4M	0.67	8.00	46,514	31,016	357,516	304,117