PYPL Options History — November 2021

In November 2021, PYPL traded between $184.09 and $230.89. ATM implied volatility averaged 37.2%, placing in the 44.0% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 10.9% (HV 20d: 48.1%). Max pain ranged from $220.00 to $250.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.40.

Notable Days

2021-11-09: Highest Volume — 886,430 contracts
2021-11-26: Largest IV spike — 12.9% change
2021-11-05: Highest IV Rank — 60.2%
2021-11-03: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$206.90	$184.09	$230.89	$230.89	$184.09
Max Pain	$234.29	$220.00	$250.00	$250.00	$220.00
ATM IV	37.2%	32.1%	42.5%	37.1%	41.4%
Expected Move	10.8%	9.2%	13.3%	12.1%	12.3%
HV 20d	48.1%	37.4%	55.1%	39.3%	49.7%
HV 60d	37.6%	31.3%	41.4%	31.4%	40.1%
IV Rank	44.0%	28.5%	60.2%	43.6%	56.8%
IV Percentile	60.1%	31.0%	87.3%	58.3%	83.7%
Term Structure	-0.7%	-2.5%	0.5%	-1.0%	0.5%
VWIV	39.8%	34.3%	48.3%	44.1%	44.0%
Skew 25d	-0.0%	-2.5%	4.2%	0.2%	4.2%
Skew 10d	-0.7%	-6.0%	7.0%	0.2%	7.0%
Call IV 25d	38.8%	33.9%	44.9%	37.6%	40.9%
Put IV 25d	38.8%	33.0%	45.0%	37.8%	45.0%
Bid-Ask Spread %	4.17	2.06	15.20	3.40	3.33
Gamma HHI	0.06	0.05	0.11	0.06	0.05
Net GEX	2.5M	-82.3M	91.5M	-13.6M	-7.6M
Net DEX	3.65B	1.26B	5.68B	1.93B	4.99B
Net VEX	-39.4M	-45.0M	-30.0M	-32.3M	-41.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.21	0.50	0.34	0.40
Total Volume	307,046.905	136,038	886,430	167,392	218,583
Total OI	1,493,305.952	1,053,549	1,763,438	1,053,549	1,690,833

Daily Data (21 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
2021-11-01	$230.89	$250.00	37.1%	12.1%	39.3%	43.6%	44.1%	0.2%	-1.0%	-13.6M	1.93B	-32.3M	0.34	3.40	124,557	42,835	553,572	499,977
2021-11-02	$229.21	$250.00	37.0%	12.3%	37.7%	43.4%	45.8%	0.2%	-0.9%	-10.8M	2.05B	-33.2M	0.37	3.59	117,053	43,690	585,586	519,194
2021-11-03	$230.30	$250.00	38.8%	13.3%	37.6%	48.8%	48.3%	-1.7%	-1.5%	8.3M	1.77B	-34.7M	0.39	4.19	156,484	60,258	603,555	533,238
2021-11-04	$227.18	$240.00	41.5%	11.0%	37.5%	57.3%	41.1%	-2.0%	-2.2%	4.3M	2.04B	-35.5M	0.33	13.06	191,918	64,271	630,648	547,103
2021-11-05	$225.95	$240.00	42.5%	11.2%	37.4%	60.2%	39.4%	-0.7%	-2.5%	-15.6M	2.17B	-36.1M	0.44	15.20	186,974	82,444	653,483	565,008
2021-11-08	$229.15	$240.00	42.2%	11.4%	37.9%	59.2%	41.6%	-1.3%	-1.9%	9.3M	1.26B	-38.1M	0.43	3.62	252,113	107,680	612,402	558,038
2021-11-09	$203.58	$240.00	38.4%	10.7%	55.1%	47.6%	39.9%	-1.4%	-1.1%	-82.3M	5.35B	-30.0M	0.50	7.12	589,056	297,374	697,100	610,132
2021-11-10	$203.66	$230.00	33.8%	9.8%	55.0%	33.7%	35.7%	1.4%	0.2%	-16.0M	4.93B	-35.5M	0.39	2.72	250,628	98,769	871,357	689,500
2021-11-11	$201.86	$230.00	32.2%	9.2%	51.6%	28.6%	35.0%	0.3%	-0.1%	-28.7M	5.13B	-36.8M	0.47	2.76	174,952	81,566	914,037	708,903
2021-11-12	$208.15	$230.00	32.8%	9.4%	53.5%	30.6%	35.2%	-2.5%	0.2%	81.5M	3.39B	-41.6M	0.31	2.33	379,226	117,296	952,075	729,308
2021-11-15	$212.43	$230.00	32.1%	9.2%	54.4%	28.5%	35.3%	-2.2%	0.0%	72.6M	2.35B	-44.1M	0.21	2.06	245,804	52,090	873,113	691,827
2021-11-16	$215.32	$230.00	32.3%	9.3%	54.8%	29.0%	34.3%	-1.5%	-0.5%	91.5M	1.74B	-45.0M	0.29	2.33	195,668	57,687	891,034	698,371
2021-11-17	$205.70	$230.00	33.4%	9.6%	54.7%	32.3%	36.2%	-1.9%	-0.6%	8.7M	3.87B	-42.2M	0.39	2.23	291,286	112,178	905,300	705,527
2021-11-18	$201.50	$230.00	35.2%	10.1%	51.6%	38.0%	37.6%	-1.3%	-0.1%	-12.0M	4.32B	-44.5M	0.48	2.52	187,665	89,158	975,984	736,374
2021-11-19	$193.43	$230.00	35.0%	10.1%	52.8%	37.3%	38.1%	-0.9%	-0.5%	-40.2M	5.68B	-41.7M	0.48	2.31	285,433	136,169	1,015,267	748,171
2021-11-22	$190.77	$230.00	38.8%	11.2%	50.2%	49.0%	41.1%	2.1%	-0.6%	-15.8M	4.78B	-41.7M	0.45	2.41	285,179	127,469	894,481	698,505
2021-11-23	$187.37	$230.00	40.0%	11.5%	50.1%	52.6%	41.8%	1.3%	-0.6%	-11.9M	4.90B	-42.1M	0.44	2.40	168,140	74,713	943,796	723,920
2021-11-24	$188.69	$230.00	36.6%	10.5%	50.0%	42.2%	38.1%	1.1%	-0.3%	6.4M	4.71B	-43.3M	0.40	2.85	125,980	50,401	985,244	746,126
2021-11-26	$189.01	$230.00	41.3%	12.1%	49.8%	56.6%	43.1%	3.1%	-1.2%	34.7M	4.37B	-44.9M	0.45	4.15	93,577	42,461	1,001,863	750,709
2021-11-29	$186.74	$230.00	39.2%	11.5%	49.7%	50.0%	40.8%	2.7%	-0.2%	-11.3M	4.84B	-41.6M	0.40	3.06	134,745	54,455	931,072	717,692
2021-11-30	$184.09	$220.00	41.4%	12.3%	49.7%	56.8%	44.0%	4.2%	0.5%	-7.6M	4.99B	-41.7M	0.40	3.33	156,526	62,057	960,616	730,217