PYPL Options History — July 2021

In July 2021, PYPL traded between $275.39 and $308.80. ATM implied volatility averaged 32.7%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 12.1% (HV 20d: 20.6%). Max pain ranged from $260.00 to $285.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2021-07-29: Highest Volume — 233,696 contracts
  • 2021-07-29: Largest IV drop — 16.2% change
  • 2021-07-08: Highest IV Rank — 33.5%
  • 2021-07-27: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$296.77$275.39$308.80$287.62$275.39
Max Pain$273.33$260.00$285.00$260.00$285.00
ATM IV32.7%27.2%35.1%32.9%28.0%
Expected Move8.9%6.3%10.1%7.0%7.7%
HV 20d20.6%17.7%31.0%20.6%31.0%
HV 60d25.1%24.4%27.0%26.7%27.0%
IV Rank25.5%7.8%33.5%26.4%10.3%
IV Percentile15.1%3.2%24.2%13.5%6.0%
Term Structure-0.8%-1.6%0.4%-1.0%0.4%
VWIV31.7%22.5%36.3%25.5%27.5%
Skew 25d2.1%1.1%2.6%1.9%2.5%
Skew 10d4.7%2.2%6.1%5.0%6.1%
Call IV 25d31.9%27.0%34.4%32.7%27.4%
Put IV 25d34.0%28.1%36.6%34.6%30.0%
Bid-Ask Spread %5.681.9513.841.955.25
Gamma HHI0.120.050.530.080.11
Net GEX89.4M-49.2M342.2M60.6M-49.2M
Net DEX-3.48B-4.72B-279.6M-3.30B-279.6M
Net VEX-20.8M-21.7M-20.1M-21.7M-20.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.260.830.700.74
Total Volume75,166.61937,422233,69654,935167,505
Total OI596,599.238529,185648,721620,405634,280

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$287.62$260.0032.9%7.0%20.6%26.4%25.5%1.9%-1.0%60.6M-3.30B-21.7M0.701.9532,25022,685291,635328,770
2021-07-02$290.27$260.0031.5%6.3%20.1%21.6%22.5%2.2%-0.9%168.3M-3.69B-21.2M0.701.9627,03719,060295,294336,455
2021-07-06$293.19$270.0032.9%8.9%19.6%26.1%31.4%1.9%-0.9%91.3M-3.77B-20.8M0.402.4734,84913,960278,479325,464
2021-07-07$297.26$270.0034.0%9.1%19.7%29.8%32.1%1.7%-1.0%118.6M-4.23B-21.2M0.2712.8668,66318,551286,285327,886
2021-07-08$294.62$270.0035.1%9.6%20.4%33.5%33.6%2.2%-1.3%107.5M-3.88B-21.7M0.433.7338,92416,762291,762332,310
2021-07-09$299.87$270.0033.0%9.0%20.4%26.7%32.0%1.9%-1.2%342.2M-4.58B-20.8M0.333.3564,68021,117294,003335,715
2021-07-12$303.10$270.0032.6%8.9%20.5%25.4%31.7%1.9%-1.2%128.8M-4.72B-20.4M0.301.9864,71119,127286,307330,122
2021-07-13$301.44$270.0032.7%9.0%20.7%25.7%32.0%2.1%-1.0%141.6M-4.55B-20.8M0.4613.8472,23832,882297,667336,567
2021-07-14$300.67$270.0033.3%9.2%20.4%27.7%32.8%2.1%-1.5%113.0M-4.37B-20.5M0.663.9930,67520,303297,588344,233
2021-07-15$296.48$270.0033.1%9.1%21.0%26.9%32.7%2.3%-1.6%73.6M-3.82B-20.7M0.797.5034,02226,805298,505347,607
2021-07-16$294.75$270.0032.6%9.1%18.6%25.4%32.0%1.9%-1.1%35.2M-3.55B-20.9M0.7812.1325,83820,130297,828350,893
2021-07-19$293.10$270.0035.1%9.9%17.7%33.4%36.3%2.6%-0.7%27.7M-2.60B-21.3M0.803.8731,56925,160243,117289,491
2021-07-20$299.47$275.0033.1%9.4%18.8%27.0%33.6%2.1%-0.4%57.0M-3.19B-20.9M0.424.9329,09612,182253,630294,908
2021-07-21$301.46$280.0032.9%9.4%18.4%26.3%33.5%2.0%-0.3%75.7M-3.42B-20.4M0.263.5040,71010,710259,501297,396
2021-07-22$303.19$280.0033.1%9.5%18.4%26.9%33.9%1.8%-0.9%110.8M-3.59B-20.6M0.465.3226,25112,064265,961300,725
2021-07-23$308.80$280.0032.6%9.4%18.5%25.3%33.6%2.6%-0.4%114.5M-4.12B-20.4M0.433.2247,29920,570266,760302,340
2021-07-26$306.53$280.0033.0%9.6%17.8%26.5%33.7%2.4%-0.7%59.3M-3.57B-20.1M0.616.4823,27514,147243,924285,261
2021-07-27$299.10$280.0034.5%10.1%19.7%31.4%35.8%2.3%-0.4%46.7M-2.95B-21.0M0.647.0931,76720,295253,864291,431
2021-07-28$301.72$280.0032.5%9.3%19.9%24.8%33.1%2.0%-0.6%59.7M-3.21B-20.7M0.8310.1158,28148,653263,413297,828
2021-07-29$284.23$280.0027.2%7.6%29.5%7.8%27.2%1.1%-0.0%-6.4M-1.67B-20.4M0.653.82141,89991,797271,049302,330
2021-07-30$275.39$285.0028.0%7.7%31.0%10.3%27.5%2.5%0.4%-49.2M-279.6M-20.9M0.745.2596,02671,479300,623333,657