PYPL Options History — August 2021

In August 2021, PYPL traded between $270.06 and $289.24. ATM implied volatility averaged 25.5%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 3.3% (HV 20d: 28.8%). Max pain ranged from $270.00 to $285.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2021-08-30: Highest Volume — 321,602 contracts
  • 2021-08-30: Largest IV spike — 13.0% change
  • 2021-08-19: Highest IV Rank — 14.8%
  • 2021-08-19: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$276.46$270.06$289.24$270.90$288.48
Max Pain$271.70$270.00$285.00$285.00$272.50
ATM IV25.5%22.8%28.1%27.2%25.3%
Expected Move7.2%6.3%8.0%7.6%6.7%
HV 20d28.8%19.0%31.4%31.1%22.4%
HV 60d25.0%24.0%27.3%27.3%25.2%
IV Rank5.2%0.0%14.8%7.8%7.8%
IV Percentile2.7%0.0%11.5%3.6%4.8%
Term Structure0.4%-0.3%1.1%-0.3%0.3%
VWIV26.2%23.8%30.2%27.4%25.0%
Skew 25d2.8%0.1%4.8%2.3%0.8%
Skew 10d7.3%1.9%12.1%5.6%3.6%
Call IV 25d25.0%22.0%27.2%26.9%26.2%
Put IV 25d27.8%24.9%31.3%29.2%27.0%
Bid-Ask Spread %8.073.1522.214.133.42
Gamma HHI0.070.050.200.050.09
Net GEX21.2M-53.9M123.3M-43.3M123.3M
Net DEX-1.36B-3.36B-371.1M-371.1M-3.35B
Net VEX-22.7M-23.5M-21.1M-21.1M-23.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.200.950.460.20
Total Volume89,301.86439,984321,602103,243219,148
Total OI685,120.727611,534753,907611,534669,322

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$270.90$285.0027.2%7.6%31.1%7.8%27.4%2.3%-0.3%-43.3M-371.1M-21.1M0.464.1370,49632,747290,274321,260
2021-08-03$272.51$280.0027.2%7.6%30.9%7.8%27.3%2.2%-0.1%-35.0M-516.5M-21.7M0.374.8554,78420,471313,742335,443
2021-08-04$275.47$280.0027.5%7.6%30.7%8.7%26.9%2.5%-0.3%-4.9M-938.0M-22.5M0.283.3473,91220,727331,871344,781
2021-08-05$279.85$270.0026.4%7.7%31.4%5.2%27.2%2.5%-0.3%43.2M-1.73B-22.5M0.2622.2196,92324,986341,857350,080
2021-08-06$278.99$270.0025.2%7.4%30.5%1.3%26.3%2.1%-0.2%85.5M-1.67B-23.0M0.5616.6155,79231,495356,343356,516
2021-08-09$278.22$270.0025.0%7.4%30.0%0.8%26.6%2.4%0.6%24.4M-1.50B-22.7M0.344.1538,24612,991323,715341,499
2021-08-10$273.82$270.0025.3%7.5%30.3%1.6%26.8%2.8%1.1%-15.5M-850.2M-22.6M0.4610.3658,26526,735331,114349,142
2021-08-11$276.30$270.0024.9%7.2%30.7%0.5%25.9%2.7%0.2%-283.5K-1.17B-22.4M0.448.8941,49118,301341,416352,325
2021-08-12$275.00$270.0024.5%7.3%30.5%0.0%25.8%2.9%0.9%-2.3M-980.5M-22.5M0.5112.1335,75218,182351,773360,750
2021-08-13$275.05$270.0023.3%6.7%30.5%0.0%24.5%2.7%0.3%90.5M-966.4M-22.4M0.5812.4040,12623,097359,289363,213
2021-08-16$277.67$270.0024.8%7.1%30.8%4.5%25.5%2.8%0.6%12.4M-1.49B-21.9M0.535.0450,44426,798338,106348,490
2021-08-17$270.06$270.0027.1%7.8%30.7%11.7%28.2%3.8%0.5%-32.6M-495.0M-22.2M0.608.8758,12334,682348,018356,841
2021-08-18$270.30$270.0026.4%7.6%30.4%9.4%27.6%3.9%0.7%-43.7M-466.9M-22.1M0.5212.3230,19715,794354,237362,744
2021-08-19$270.75$270.0028.1%8.0%30.3%14.8%30.2%4.1%0.2%-39.8M-607.8M-23.5M0.958.5031,66430,008370,746377,074
2021-08-20$272.93$270.0025.4%7.3%29.4%6.4%26.7%4.8%-0.3%-53.9M-946.8M-23.3M0.7610.1535,58127,070373,930379,977
2021-08-23$277.34$270.0025.4%7.0%30.4%6.4%25.2%3.0%0.3%36.4M-1.68B-23.1M0.383.4750,17318,818294,183340,539
2021-08-24$279.15$270.0024.3%6.8%29.8%3.2%24.7%3.5%0.7%59.0M-1.93B-23.3M0.598.0931,84118,731301,391347,943
2021-08-25$277.88$270.0024.2%6.8%29.4%2.8%24.4%3.1%0.9%64.4M-1.81B-23.3M0.476.8427,28712,697311,308353,694
2021-08-26$273.97$270.0025.0%7.0%21.3%5.3%25.5%3.5%0.4%13.8M-1.27B-23.4M0.485.4243,32221,010322,622357,656
2021-08-27$278.21$270.0022.8%6.3%19.0%0.0%23.8%2.9%0.8%75.3M-1.87B-23.3M0.713.1737,48026,652328,848361,873
2021-08-30$289.24$270.0025.7%6.9%22.3%9.0%25.0%0.1%1.1%108.6M-3.36B-23.5M0.293.15248,77772,825307,745348,966
2021-08-31$288.48$272.5025.3%6.7%22.4%7.8%25.0%0.8%0.3%123.3M-3.35B-23.3M0.203.42182,71836,430314,352354,970