PYPL Options History — December 2021

In December 2021, PYPL traded between $181.45 and $196.24. ATM implied volatility averaged 38.9%, placing in the 49.2% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 1.9% (HV 20d: 37.0%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.47.

Notable Days

2021-12-07: Highest Volume — 318,730 contracts
2021-12-03: Largest IV spike — 16.6% change
2021-12-03: Highest IV Rank — 86.4%
2021-12-03: Largest Expected Move — 15.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$188.58	$181.45	$196.24	$181.45	$189.21
Max Pain	$205.91	$200.00	$220.00	$220.00	$200.00
ATM IV	38.9%	34.3%	51.1%	43.1%	36.7%
Expected Move	11.0%	9.4%	15.5%	13.0%	9.4%
HV 20d	37.0%	27.7%	53.9%	49.7%	27.7%
HV 60d	41.3%	39.9%	42.1%	39.9%	40.3%
IV Rank	49.2%	35.2%	86.4%	62.0%	42.4%
IV Percentile	65.5%	44.4%	98.8%	89.7%	54.8%
Term Structure	1.1%	-1.1%	5.8%	0.1%	4.5%
VWIV	39.4%	33.4%	53.4%	46.9%	34.1%
Skew 25d	4.0%	1.2%	10.6%	3.8%	1.2%
Skew 10d	8.4%	2.3%	21.4%	7.1%	2.3%
Call IV 25d	38.2%	33.5%	48.9%	43.4%	35.2%
Put IV 25d	42.2%	36.2%	59.5%	47.2%	36.4%
Bid-Ask Spread %	2.80	1.69	5.64	3.85	1.93
Gamma HHI	0.07	0.05	0.21	0.05	0.06
Net GEX	17.4M	-18.0M	92.5M	-9.9M	-11.3M
Net DEX	3.43B	1.98B	5.19B	5.19B	2.62B
Net VEX	-44.7M	-49.0M	-41.6M	-41.6M	-42.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.27	0.79	0.39	0.46
Total Volume	167,466.136	100,198	318,730	213,048	104,296
Total OI	1,709,975.727	1,536,382	1,848,262	1,724,893	1,605,409

Daily Data (22 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
2021-12-01	$181.45	$220.00	43.1%	13.0%	49.7%	62.0%	46.9%	3.8%	0.1%	-9.9M	5.19B	-41.6M	0.39	3.85	153,287	59,761	983,332	741,561
2021-12-02	$187.53	$220.00	43.8%	13.3%	51.9%	64.2%	47.4%	4.8%	-0.8%	27.3M	4.10B	-45.2M	0.34	3.24	206,091	70,979	1,008,560	753,253
2021-12-03	$182.93	$220.00	51.1%	15.5%	52.2%	86.4%	53.4%	10.6%	-0.2%	728.4K	4.80B	-44.7M	0.53	4.06	168,886	88,751	1,024,883	767,881
2021-12-06	$184.76	$210.00	45.7%	12.8%	52.7%	70.0%	45.7%	7.5%	0.2%	7.1M	4.57B	-44.6M	0.35	3.67	148,627	52,085	997,642	772,259
2021-12-07	$190.32	$210.00	40.7%	11.6%	53.9%	54.8%	41.8%	4.3%	0.3%	43.6M	3.59B	-46.1M	0.30	2.28	244,262	74,468	1,011,572	775,961
2021-12-08	$196.24	$210.00	38.7%	11.1%	37.3%	48.5%	39.7%	3.4%	0.4%	90.1M	2.21B	-49.0M	0.27	2.59	201,765	53,867	1,025,278	782,330
2021-12-09	$192.42	$210.00	39.7%	11.3%	37.8%	51.6%	40.0%	3.5%	-0.1%	56.5M	3.16B	-47.4M	0.49	4.18	109,951	53,786	1,031,870	788,863
2021-12-10	$187.84	$210.00	36.9%	10.6%	38.5%	42.9%	37.9%	3.6%	0.5%	16.4M	4.37B	-44.4M	0.48	2.43	124,400	60,223	1,038,820	797,999
2021-12-13	$187.22	$210.00	37.9%	10.8%	36.3%	46.2%	38.1%	4.3%	-0.5%	-12.1M	4.59B	-43.3M	0.55	2.68	91,136	50,545	992,815	776,742
2021-12-14	$186.47	$210.00	39.0%	10.9%	35.0%	49.6%	38.3%	4.5%	-1.1%	-14.4M	4.51B	-43.6M	0.65	3.12	92,401	60,476	1,005,707	782,849
2021-12-15	$189.42	$200.00	37.7%	10.8%	35.2%	45.7%	38.6%	3.5%	-0.2%	6.9M	3.95B	-45.6M	0.48	5.64	99,680	47,761	1,037,128	811,134
2021-12-16	$188.93	$200.00	39.0%	11.0%	32.0%	49.6%	39.5%	3.7%	-1.1%	3.5M	3.80B	-46.1M	0.44	3.29	115,724	51,111	1,040,448	806,574
2021-12-17	$186.35	$200.00	38.6%	10.9%	31.6%	48.1%	38.4%	3.4%	-1.0%	-18.0M	4.34B	-44.3M	0.79	2.34	89,719	70,560	1,038,497	806,532
2021-12-20	$182.58	$200.00	40.5%	11.6%	29.2%	54.1%	41.8%	3.9%	0.8%	-16.6M	3.54B	-42.6M	0.69	2.64	61,841	42,869	847,050	689,332
2021-12-21	$188.03	$200.00	37.1%	10.6%	31.0%	43.8%	37.7%	4.0%	0.8%	1.9M	2.77B	-44.6M	0.53	1.90	86,241	45,330	858,115	707,379
2021-12-22	$190.65	$200.00	35.3%	10.1%	30.7%	38.0%	35.4%	4.8%	1.2%	27.2M	2.28B	-45.5M	0.50	2.42	69,275	34,747	877,310	713,256
2021-12-23	$192.31	$200.00	34.5%	9.8%	30.8%	35.9%	35.2%	3.2%	1.3%	92.5M	1.98B	-45.8M	0.45	2.08	71,250	31,885	884,701	718,256
2021-12-27	$191.76	$200.00	35.0%	9.6%	30.8%	37.4%	34.9%	3.7%	3.8%	20.6M	2.19B	-44.8M	0.45	1.86	72,220	32,200	854,066	705,409
2021-12-28	$190.48	$200.00	34.6%	9.4%	30.6%	36.1%	33.5%	2.9%	5.8%	19.6M	2.46B	-43.6M	0.44	1.69	88,769	39,203	869,435	712,061
2021-12-29	$190.18	$200.00	34.3%	9.4%	30.1%	35.2%	33.4%	2.5%	5.5%	14.6M	2.46B	-43.2M	0.37	1.98	73,121	27,077	874,114	712,143
2021-12-30	$191.67	$200.00	35.9%	9.5%	29.5%	40.1%	34.1%	2.0%	4.6%	37.1M	2.04B	-43.8M	0.39	1.84	117,965	45,664	876,977	713,963
2021-12-31	$189.21	$200.00	36.7%	9.4%	27.7%	42.4%	34.1%	1.2%	4.5%	-11.3M	2.62B	-42.8M	0.46	1.93	71,303	32,993	885,920	719,489