PYPL Options History — April 2021

In April 2021, PYPL traded between $246.87 and $275.89. ATM implied volatility averaged 39.3%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 8.5% (HV 20d: 30.8%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2021-04-08: Highest Volume — 118,123 contracts
  • 2021-04-20: Largest IV spike — 5.1% change
  • 2021-04-07: Highest IV Rank — 39.1%
  • 2021-04-30: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$264.61$246.87$275.89$246.87$261.78
Max Pain$248.57$240.00$250.00$240.00$250.00
ATM IV39.3%37.3%40.8%37.5%39.0%
Expected Move11.0%9.9%11.9%9.9%11.9%
HV 20d30.8%25.5%43.2%43.0%27.1%
HV 60d46.2%43.9%47.9%47.9%44.1%
IV Rank31.9%20.0%39.1%20.0%31.8%
IV Percentile42.4%29.4%50.0%29.8%44.0%
Term Structure-1.3%-2.0%2.7%2.7%-1.3%
VWIV39.2%35.2%41.6%35.2%41.6%
Skew 25d1.1%0.3%2.0%1.1%1.1%
Skew 10d3.7%2.7%5.1%4.2%3.0%
Call IV 25d39.2%36.6%41.0%37.7%39.3%
Put IV 25d40.4%38.0%42.0%38.8%40.3%
Bid-Ask Spread %6.122.6512.062.653.56
Gamma HHI0.090.050.470.050.06
Net GEX75.9M7.2M199.9M38.2M7.2M
Net DEX-2.94B-4.98B-1.70B-1.70B-1.76B
Net VEX-21.8M-22.5M-20.9M-21.7M-22.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.191.030.440.57
Total Volume71,270.1931,903118,12387,54660,758
Total OI681,015.333608,466772,002681,955681,712

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$246.87$240.0037.5%9.9%43.0%20.0%35.2%1.1%2.7%38.2M-1.70B-21.7M0.442.6560,63626,910334,908347,047
2021-04-05$250.43$240.0038.9%10.9%43.2%24.4%38.9%1.1%-0.8%45.3M-2.04B-20.9M0.589.9420,83512,013331,713338,348
2021-04-06$252.88$240.0040.4%11.0%39.1%33.0%38.7%1.0%-1.4%57.6M-2.35B-21.2M0.506.5246,82123,462337,877345,879
2021-04-07$255.86$250.0040.8%10.9%33.0%39.1%38.9%0.9%-1.0%75.4M-2.73B-21.2M0.2710.2591,59625,145346,587351,456
2021-04-08$262.93$250.0040.3%10.8%34.1%37.0%38.2%1.5%-1.3%124.5M-3.65B-21.4M0.304.4790,56727,556360,971352,013
2021-04-09$266.08$250.0040.0%10.7%30.1%35.8%38.1%1.2%-1.4%131.3M-4.05B-21.5M0.394.4558,93323,229367,777357,749
2021-04-12$269.66$250.0040.0%10.9%29.5%35.7%38.7%0.5%-1.7%99.2M-4.11B-21.1M0.567.2459,68833,689349,705346,167
2021-04-13$275.89$250.0040.3%10.9%30.2%37.0%39.0%0.8%-2.0%117.7M-4.98B-21.5M0.395.2173,70429,087365,155359,359
2021-04-14$266.49$250.0040.3%11.0%33.3%36.9%39.1%0.8%-2.0%85.3M-3.73B-21.7M0.655.1354,97535,587376,267365,927
2021-04-15$273.50$250.0038.8%10.7%34.2%30.9%38.3%0.3%-1.3%150.9M-4.60B-21.7M0.5912.0646,60027,707385,121375,545
2021-04-16$270.06$250.0037.3%10.4%27.9%24.6%36.5%0.9%-2.0%199.9M-4.13B-21.7M0.726.2534,41824,758388,576383,426
2021-04-19$267.47$250.0037.7%10.7%28.3%26.5%37.8%1.4%-1.2%38.8M-2.43B-21.9M1.036.2720,39420,964289,271319,195
2021-04-20$264.10$250.0039.7%11.3%28.8%34.3%40.8%2.0%-1.6%26.5M-2.09B-22.3M0.493.6745,11922,099293,430327,579
2021-04-21$264.48$250.0038.5%11.0%28.6%29.4%39.0%1.8%-1.3%32.7M-2.12B-22.2M0.6010.3719,89712,006302,158335,172
2021-04-22$262.18$250.0040.2%11.6%26.2%36.5%40.9%1.8%-1.8%17.7M-1.87B-22.3M0.614.7733,16820,262305,104338,984
2021-04-23$266.68$250.0038.6%11.1%26.2%29.8%39.5%1.4%-0.9%47.7M-2.46B-22.5M0.627.4431,21919,225312,456344,590
2021-04-26$270.55$250.0039.0%11.5%26.2%31.7%40.3%1.3%-1.4%53.6M-2.74B-22.1M0.194.1162,11511,542295,764331,032
2021-04-27$269.34$250.0038.7%11.4%25.6%30.5%40.4%0.9%-1.5%76.7M-2.71B-22.3M0.323.1546,87815,004310,065333,837
2021-04-28$271.63$250.0039.0%11.5%25.7%31.5%41.1%1.3%-1.5%104.7M-2.99B-22.2M0.353.9343,09115,043317,907337,842
2021-04-29$267.89$250.0039.7%11.9%25.5%34.3%41.4%1.0%-2.0%63.9M-2.45B-22.2M0.357.0151,86918,105316,717340,934
2021-04-30$261.78$250.0039.0%11.9%27.1%31.8%41.6%1.1%-1.3%7.2M-1.76B-22.1M0.573.5638,81221,946334,010347,702