PYPL Options History — January 2022

In January 2022, PYPL traded between $156.87 and $195.37. ATM implied volatility averaged 45.8%, placing in the 69.4% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 11.2% (HV 20d: 34.6%). Max pain ranged from $190.00 to $200.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.66.

Notable Days

2022-01-14: Highest Volume — 212,628 contracts
2022-01-21: Largest IV spike — 16.6% change
2022-01-24: Highest IV Rank — 100.0%
2022-01-24: Largest Expected Move — 17.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$176.76	$156.87	$195.37	$195.37	$170.30
Max Pain	$192.75	$190.00	$200.00	$200.00	$190.00
ATM IV	45.8%	38.1%	56.7%	38.1%	48.2%
Expected Move	13.1%	9.2%	17.1%	9.2%	15.6%
HV 20d	34.6%	27.4%	44.7%	28.2%	44.7%
HV 60d	41.2%	39.6%	42.6%	41.0%	42.5%
IV Rank	69.4%	46.6%	100.0%	46.6%	75.0%
IV Percentile	89.7%	61.1%	100.0%	61.1%	96.0%
Term Structure	-1.2%	-2.4%	0.5%	-0.5%	-1.0%
VWIV	45.7%	33.0%	59.1%	33.0%	54.5%
Skew 25d	5.8%	2.4%	11.5%	2.4%	8.4%
Skew 10d	11.0%	3.7%	21.5%	4.6%	17.5%
Call IV 25d	44.0%	38.9%	51.3%	38.9%	44.5%
Put IV 25d	49.8%	41.2%	62.8%	41.2%	52.9%
Bid-Ask Spread %	4.24	1.78	7.90	1.78	2.60
Gamma HHI	0.08	0.05	0.23	0.08	0.05
Net GEX	-23.8M	-80.7M	40.1M	40.1M	-14.3M
Net DEX	4.04B	1.35B	6.28B	1.35B	3.68B
Net VEX	-37.6M	-44.3M	-29.6M	-44.2M	-35.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.36	1.03	0.36	0.55
Total Volume	152,413.05	89,107	212,628	161,472	112,947
Total OI	1,564,089.75	1,302,649	1,730,056	1,557,305	1,354,772

Daily Data (20 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
2022-01-03	$195.37	$200.00	38.1%	9.2%	28.2%	46.6%	33.0%	2.4%	-0.5%	40.1M	1.35B	-44.2M	0.36	1.78	119,121	42,351	850,309	706,996
2022-01-04	$191.57	$200.00	40.2%	9.5%	29.2%	53.2%	33.8%	3.4%	0.1%	15.4M	2.17B	-42.9M	0.42	1.85	124,201	52,597	862,651	712,706
2022-01-05	$187.77	$200.00	41.8%	10.2%	28.2%	58.1%	35.3%	4.8%	0.5%	-12.0M	2.85B	-42.3M	0.57	3.85	94,395	53,395	881,887	725,520
2022-01-06	$192.48	$195.00	42.2%	11.9%	27.4%	59.4%	41.5%	4.4%	-0.2%	38.0M	1.90B	-44.3M	0.53	6.68	103,284	54,594	901,715	743,368
2022-01-07	$188.04	$195.00	42.7%	11.9%	27.8%	60.8%	42.0%	2.5%	-0.2%	-30.6M	2.89B	-42.7M	0.57	4.94	88,554	50,441	900,697	744,419
2022-01-10	$182.61	$195.00	45.8%	12.5%	28.4%	70.3%	44.6%	3.7%	-1.9%	-29.9M	3.93B	-40.3M	0.51	6.15	111,022	56,291	882,688	734,983
2022-01-11	$191.67	$195.00	42.3%	11.7%	33.5%	59.5%	41.7%	3.8%	-1.2%	28.1M	1.97B	-43.1M	0.37	5.06	121,709	45,407	899,190	743,161
2022-01-12	$187.64	$195.00	42.1%	11.7%	34.4%	59.1%	41.2%	2.9%	-1.1%	-2.6M	2.93B	-41.9M	0.65	2.96	109,608	71,207	907,787	746,859
2022-01-13	$181.70	$190.00	42.7%	11.9%	35.7%	60.8%	41.7%	3.2%	-1.3%	-43.9M	4.39B	-39.6M	0.53	2.84	106,861	56,145	938,884	770,251
2022-01-14	$178.87	$190.00	42.4%	11.9%	36.0%	59.8%	42.5%	4.6%	-1.5%	-55.8M	5.06B	-38.4M	1.03	1.97	104,771	107,857	942,304	776,111
2022-01-18	$174.52	$190.00	44.1%	12.6%	36.7%	65.1%	44.4%	3.7%	-0.6%	-54.8M	5.62B	-35.7M	0.85	2.78	70,718	60,286	912,952	763,113
2022-01-19	$174.39	$190.00	43.6%	12.5%	36.1%	63.6%	44.3%	4.9%	-1.4%	-60.1M	5.62B	-35.7M	0.74	1.92	116,882	86,650	920,534	767,691
2022-01-20	$174.67	$190.00	43.4%	12.5%	34.2%	62.8%	44.2%	5.0%	-1.5%	-68.8M	5.27B	-37.1M	0.99	2.41	96,928	95,850	936,097	793,959
2022-01-21	$165.36	$190.00	50.6%	14.7%	38.0%	84.8%	50.5%	7.4%	-2.1%	-80.7M	6.28B	-33.3M	1.03	4.09	96,129	98,788	946,695	776,257
2022-01-24	$160.43	$190.00	56.7%	17.1%	38.3%	100.0%	59.1%	11.5%	-2.4%	-33.8M	4.95B	-31.7M	0.78	7.90	80,031	62,473	684,863	617,786
2022-01-25	$159.39	$190.00	53.1%	16.0%	38.3%	89.6%	55.7%	9.6%	-2.3%	-30.6M	5.05B	-30.6M	0.65	7.64	54,104	35,003	701,959	627,512
2022-01-26	$156.87	$190.00	52.6%	16.0%	38.3%	87.9%	54.4%	8.4%	-1.8%	-31.2M	5.24B	-29.6M	0.54	7.73	64,636	35,045	714,367	633,493
2022-01-27	$159.34	$190.00	52.1%	16.3%	39.3%	86.5%	55.5%	10.6%	-1.3%	-27.9M	5.03B	-30.6M	0.86	6.23	59,782	51,257	728,103	637,995
2022-01-28	$162.27	$190.00	51.9%	16.0%	40.0%	86.1%	54.0%	10.8%	-1.9%	-21.1M	4.68B	-32.4M	0.70	3.48	57,166	39,775	739,174	651,987
2022-01-31	$170.30	$190.00	48.2%	15.6%	44.7%	75.0%	54.5%	8.4%	-1.0%	-14.3M	3.68B	-35.2M	0.55	2.60	72,868	40,079	721,455	633,317