PYPL Options History — May 2021

In May 2021, PYPL traded between $240.85 and $261.40. ATM implied volatility averaged 33.1%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 2.9% (HV 20d: 30.2%). Max pain ranged from $250.00 to $260.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2021-05-06: Highest Volume — 209,902 contracts
  • 2021-05-12: Largest IV spike — 15.2% change
  • 2021-05-12: Highest IV Rank — 35.3%
  • 2021-05-04: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$250.69$240.85$261.40$258.67$260.79
Max Pain$252.00$250.00$260.00$250.00$250.00
ATM IV33.1%27.3%39.5%38.8%27.3%
Expected Move9.6%7.5%12.7%12.4%7.5%
HV 20d30.2%27.2%32.5%27.2%31.5%
HV 60d40.4%34.0%42.9%42.1%34.0%
IV Rank11.2%0.0%35.3%30.7%0.0%
IV Percentile12.1%0.0%47.2%40.9%0.0%
Term Structure-0.0%-1.2%0.8%-0.9%0.7%
VWIV34.7%27.2%44.7%43.4%27.2%
Skew 25d3.8%1.3%7.8%1.3%2.9%
Skew 10d8.7%3.5%15.9%3.5%6.5%
Call IV 25d31.9%26.1%38.4%38.2%26.1%
Put IV 25d35.7%29.0%44.1%39.4%29.0%
Bid-Ask Spread %3.941.918.622.751.91
Gamma HHI0.060.050.110.050.11
Net GEX-530.5K-42.4M70.5M14.7M70.5M
Net DEX-670.1M-1.93B511.5M-1.48B-1.86B
Net VEX-22.0M-22.7M-21.1M-21.8M-22.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.421.020.600.42
Total Volume71,433.430,944209,90273,71149,429
Total OI706,759.8639,499772,696651,490687,606

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$258.67$250.0038.8%12.4%27.2%30.7%43.4%1.3%-0.9%14.7M-1.48B-21.8M0.602.7546,03627,675311,897339,593
2021-05-04$248.64$250.0039.1%12.7%30.7%32.2%44.7%1.6%-1.2%-9.4M-477.1M-21.8M0.823.0944,52336,590329,656352,989
2021-05-05$248.10$250.0036.6%11.6%30.3%21.9%41.1%1.9%-0.4%-14.2M-408.1M-21.6M0.702.7388,35362,229339,291366,671
2021-05-06$249.85$260.0031.7%9.1%28.6%1.8%33.0%1.5%0.1%-12.8M-536.3M-21.9M0.704.66123,79486,108367,129400,669
2021-05-07$254.04$260.0030.6%9.0%28.9%0.0%32.1%1.7%0.6%39.1M-1.19B-22.1M0.533.2373,43139,156370,950401,746
2021-05-10$244.80$260.0032.3%9.5%30.8%6.6%33.4%2.7%0.8%-30.5M25.9M-21.1M0.742.4540,46529,968332,543366,112
2021-05-11$248.81$260.0034.3%9.7%30.1%14.5%35.3%4.5%-0.3%-5.7M-444.7M-22.0M0.657.1745,76929,531343,636373,993
2021-05-12$240.85$250.0039.5%11.1%29.8%35.3%38.8%7.8%-0.6%-42.4M511.5M-22.2M0.655.1538,63325,077343,826380,644
2021-05-13$242.01$250.0036.3%10.4%27.8%22.6%35.7%6.9%0.0%-41.6M393.0M-22.0M0.647.6534,51222,103350,423383,802
2021-05-14$246.41$250.0031.9%9.2%28.9%5.3%34.1%5.0%0.0%-12.0M-143.2M-22.2M0.828.2929,28124,128355,777387,189
2021-05-17$243.88$250.0034.3%9.9%28.9%14.8%35.6%4.9%-0.8%-32.8M180.4M-21.8M0.978.6217,47716,904331,059374,928
2021-05-18$244.91$250.0033.1%9.5%28.9%9.9%34.9%4.1%-0.1%-27.9M47.7M-21.8M0.722.8917,95212,992334,507382,687
2021-05-19$243.30$250.0034.9%10.0%28.9%17.2%36.3%5.4%0.0%-32.7M239.9M-22.1M1.023.6223,46623,995337,105387,507
2021-05-20$252.10$250.0032.6%9.3%32.1%8.1%34.5%4.3%0.2%14.0M-899.1M-22.7M0.642.4638,47924,595342,882394,273
2021-05-21$250.65$250.0031.6%9.0%31.3%4.2%32.4%4.0%0.7%-8.4M-821.6M-22.7M0.892.5727,44624,512349,611400,262
2021-05-24$257.07$250.0030.1%8.5%32.3%0.0%30.3%3.8%-0.1%12.0M-1.37B-22.2M0.432.5136,66715,630283,937355,562
2021-05-25$258.62$250.0030.1%8.4%32.4%0.0%32.9%3.6%-0.0%30.2M-1.61B-22.3M0.822.4825,19420,605293,046358,393
2021-05-26$261.40$250.0028.7%8.0%32.5%0.0%29.3%3.7%0.4%44.6M-1.93B-22.2M0.582.1625,29914,793296,201362,422
2021-05-27$259.00$250.0028.3%7.9%32.4%0.0%28.8%3.4%0.3%34.8M-1.63B-21.8M0.602.5141,10724,764299,063365,609
2021-05-28$260.79$250.0027.3%7.5%31.5%0.0%27.2%2.9%0.7%70.5M-1.86B-22.1M0.421.9134,71814,711312,026375,580