PYPL Options History — February 2022

In February 2022, PYPL traded between $100.92 and $175.55. ATM implied volatility averaged 48.5%, placing in the 75.9% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 56.0% (HV 20d: 104.4%). Max pain ranged from $125.00 to $190.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.50.

Notable Days

2022-02-02: Highest Volume — 1,003,245 contracts
2022-02-17: Largest IV spike — 13.9% change
2022-02-23: Highest IV Rank — 90.5%
2022-02-01: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$117.71	$100.92	$175.55	$175.55	$111.18
Max Pain	$151.05	$125.00	$190.00	$190.00	$125.00
ATM IV	48.5%	42.8%	53.4%	51.6%	51.3%
Expected Move	14.2%	12.3%	17.0%	17.0%	15.0%
HV 20d	104.4%	44.5%	111.1%	44.5%	110.7%
HV 60d	67.6%	43.1%	72.0%	43.1%	70.3%
IV Rank	75.9%	59.1%	90.5%	85.1%	84.1%
IV Percentile	94.8%	88.1%	99.6%	98.0%	96.0%
Term Structure	-0.9%	-2.4%	0.6%	-2.4%	-2.1%
VWIV	49.5%	43.1%	60.7%	60.7%	52.7%
Skew 25d	6.8%	4.4%	9.9%	5.3%	8.3%
Skew 10d	13.0%	8.5%	18.1%	10.8%	17.0%
Call IV 25d	46.4%	41.5%	50.7%	50.0%	47.6%
Put IV 25d	53.1%	45.9%	58.7%	55.3%	55.9%
Bid-Ask Spread %	3.28	1.75	8.12	3.90	4.35
Gamma HHI	0.08	0.04	0.18	0.04	0.05
Net GEX	-10.8M	-36.5M	45.8M	-873.2K	17.6M
Net DEX	5.28B	2.69B	6.63B	2.69B	3.51B
Net VEX	-21.7M	-38.1M	-18.0M	-38.1M	-23.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.27	0.72	0.51	0.39
Total Volume	301,517.737	142,746	1,003,245	223,325	161,402
Total OI	1,808,187.684	1,384,881	2,029,496	1,384,881	1,766,291

Daily Data (19 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
2022-02-01	$175.55	$190.00	51.6%	17.0%	44.5%	85.1%	60.7%	5.3%	-2.4%	-873.2K	2.69B	-38.1M	0.51	3.90	148,026	75,299	740,523	644,358
2022-02-02	$132.57	$190.00	52.4%	16.8%	107.6%	87.6%	60.0%	6.8%	-2.4%	-36.5M	6.63B	-20.0M	0.70	2.56	588,437	414,808	786,731	680,144
2022-02-03	$124.21	$190.00	51.3%	14.3%	108.8%	84.1%	49.7%	7.3%	-1.3%	-32.6M	6.43B	-20.7M	0.69	2.44	276,108	191,666	998,876	786,680
2022-02-04	$126.16	$185.00	45.8%	13.0%	108.4%	67.9%	45.8%	5.5%	-1.0%	-2.7M	6.18B	-22.6M	0.46	3.48	257,820	119,514	1,068,667	816,615
2022-02-07	$121.77	$185.00	47.2%	13.4%	108.5%	72.2%	45.7%	5.2%	-0.4%	-15.1M	5.94B	-21.6M	0.37	2.68	177,535	64,932	989,212	755,863
2022-02-08	$119.74	$180.00	45.2%	12.9%	108.5%	66.1%	44.4%	5.9%	0.1%	-20.1M	6.03B	-21.4M	0.69	2.34	240,260	165,053	1,039,054	776,828
2022-02-09	$122.50	$155.00	42.8%	12.3%	106.7%	59.1%	43.1%	4.4%	0.3%	-1.0M	5.65B	-23.4M	0.32	2.40	188,469	61,157	1,104,818	808,568
2022-02-10	$118.93	$150.00	44.4%	12.8%	106.7%	63.9%	44.8%	5.2%	0.6%	-20.7M	5.71B	-22.4M	0.39	2.58	204,010	80,164	1,128,684	795,294
2022-02-11	$115.18	$145.00	47.9%	13.8%	106.7%	74.2%	47.5%	6.1%	0.2%	-31.6M	5.99B	-21.8M	0.58	8.12	147,729	85,904	1,165,186	807,452
2022-02-14	$113.98	$140.00	47.8%	13.7%	106.7%	73.9%	47.8%	6.9%	-0.7%	-14.9M	5.70B	-21.2M	0.62	5.14	114,243	70,431	1,087,929	776,489
2022-02-15	$114.96	$140.00	44.3%	12.7%	107.3%	63.6%	44.9%	6.0%	0.1%	-9.7M	5.55B	-21.6M	0.38	3.08	103,143	39,603	1,110,226	777,122
2022-02-16	$110.85	$130.00	44.2%	12.7%	107.2%	63.4%	44.8%	5.8%	0.0%	-24.0M	5.69B	-19.9M	0.42	1.75	157,787	65,771	1,131,820	771,020
2022-02-17	$105.95	$130.00	50.4%	14.5%	107.0%	81.5%	49.5%	8.0%	-2.1%	-24.3M	5.69B	-18.6M	0.51	2.67	210,977	107,214	1,174,700	772,454
2022-02-18	$103.71	$130.00	50.6%	14.6%	106.5%	82.1%	51.2%	8.1%	-0.9%	-15.7M	5.69B	-18.0M	0.72	2.30	139,249	100,222	1,241,056	788,440
2022-02-22	$103.46	$130.00	50.5%	14.9%	106.7%	81.7%	51.1%	8.3%	-1.3%	-10.2M	4.62B	-18.5M	0.49	2.84	117,401	56,992	1,000,125	694,690
2022-02-23	$100.92	$125.00	53.4%	15.6%	106.5%	90.5%	53.9%	8.0%	-1.4%	-10.7M	4.65B	-18.1M	0.43	2.41	130,297	56,540	1,037,400	704,650
2022-02-24	$104.41	$125.00	51.3%	15.0%	108.4%	84.3%	52.3%	9.9%	-0.8%	2.2M	4.40B	-19.2M	0.54	4.81	159,506	86,322	1,069,133	715,950
2022-02-25	$110.39	$125.00	48.6%	14.1%	111.1%	76.3%	50.1%	7.3%	-1.2%	45.8M	3.54B	-22.0M	0.27	2.44	287,309	77,537	1,101,732	740,786
2022-02-28	$111.18	$125.00	51.3%	15.0%	110.7%	84.1%	52.7%	8.3%	-2.1%	17.6M	3.51B	-23.1M	0.39	4.35	115,997	45,405	1,053,505	712,786