PYPL Options History — March 2022

In March 2022, PYPL traded between $94.27 and $121.11. ATM implied volatility averaged 49.9%, placing in the 72.9% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 9.1% (HV 20d: 58.9%). Max pain ranged from $105.00 to $125.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.55.

Notable Days

2022-03-03: Highest Volume — 218,119 contracts
2022-03-16: Largest IV drop — 10.2% change
2022-03-07: Highest IV Rank — 100.0%
2022-03-07: Largest Expected Move — 19.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.79	$94.27	$121.11	$105.83	$116.77
Max Pain	$112.83	$105.00	$125.00	$125.00	$105.00
ATM IV	49.9%	41.2%	60.9%	55.4%	42.7%
Expected Move	15.6%	13.5%	19.3%	16.7%	13.8%
HV 20d	58.9%	47.0%	108.2%	108.2%	50.8%
HV 60d	73.1%	70.3%	75.9%	70.3%	75.5%
IV Rank	72.9%	48.4%	100.0%	96.4%	52.2%
IV Percentile	90.0%	73.8%	100.0%	99.6%	78.2%
Term Structure	0.7%	-2.3%	6.3%	-0.7%	6.0%
VWIV	54.4%	46.9%	66.3%	57.4%	47.5%
Skew 25d	7.3%	3.2%	10.3%	7.9%	4.5%
Skew 10d	14.1%	6.9%	20.2%	14.6%	6.9%
Call IV 25d	47.2%	39.2%	57.3%	52.2%	40.0%
Put IV 25d	54.5%	44.4%	67.6%	60.1%	44.5%
Bid-Ask Spread %	3.69	2.49	5.63	3.37	4.01
Gamma HHI	0.07	0.03	0.18	0.05	0.06
Net GEX	11.6M	-23.3M	46.8M	4.2M	25.6M
Net DEX	2.62B	652.0M	4.29B	3.93B	1.43B
Net VEX	-23.2M	-26.4M	-18.4M	-21.2M	-26.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.33	1.03	0.49	0.59
Total Volume	141,857.565	102,279	218,119	110,439	111,900
Total OI	1,760,514.304	1,581,533	1,914,559	1,781,461	1,732,148

Daily Data (23 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
2022-03-01	$105.83	$125.00	55.4%	16.7%	108.2%	96.4%	57.4%	7.9%	-0.7%	4.2M	3.93B	-21.2M	0.49	3.37	73,900	36,539	1,063,267	718,194
2022-03-02	$106.97	$125.00	50.5%	14.8%	107.1%	81.9%	52.1%	8.7%	-0.8%	9.8M	3.87B	-21.5M	0.54	2.49	83,373	44,985	1,078,787	719,135
2022-03-03	$101.12	$125.00	53.6%	15.9%	50.8%	91.0%	55.7%	8.0%	-0.4%	-9.4M	4.29B	-19.8M	0.63	3.73	134,048	84,071	1,100,722	728,028
2022-03-04	$100.01	$125.00	55.5%	16.7%	47.0%	96.4%	58.9%	8.8%	-2.3%	-23.3M	4.29B	-20.6M	0.56	3.15	88,293	49,347	1,131,027	743,387
2022-03-07	$94.27	$125.00	60.9%	19.3%	48.8%	100.0%	66.3%	10.3%	-0.2%	-9.0M	4.27B	-18.4M	0.56	3.31	96,149	54,234	1,054,458	710,296
2022-03-08	$95.31	$125.00	59.8%	18.7%	49.0%	97.1%	65.1%	8.9%	0.4%	-6.7M	4.14B	-19.1M	0.66	3.12	80,341	53,376	1,078,513	717,969
2022-03-09	$100.19	$125.00	54.9%	17.2%	53.7%	84.3%	60.6%	9.0%	-0.9%	-267.7K	3.85B	-20.9M	0.51	3.31	68,555	35,224	1,092,747	724,908
2022-03-10	$98.44	$125.00	53.9%	17.2%	52.4%	81.8%	59.0%	8.5%	0.5%	-3.2M	3.98B	-20.1M	1.03	4.07	72,826	75,053	1,100,688	728,228
2022-03-11	$96.93	$125.00	55.9%	17.0%	52.0%	87.0%	59.8%	8.4%	-2.0%	-12.3M	3.81B	-20.5M	0.61	2.63	63,445	38,834	1,117,822	745,396
2022-03-14	$97.06	$105.00	57.4%	16.9%	51.5%	91.0%	58.4%	9.4%	-0.9%	-8.2M	3.61B	-20.6M	0.66	5.25	76,599	50,756	1,073,333	719,647
2022-03-15	$100.08	$105.00	55.5%	16.6%	53.3%	86.0%	57.8%	9.4%	-1.8%	-1.1K	3.34B	-21.9M	0.68	4.28	63,257	43,246	1,104,127	730,278
2022-03-16	$106.88	$105.00	49.9%	15.6%	59.0%	71.1%	52.9%	6.8%	-0.7%	17.8M	2.62B	-23.9M	0.46	5.63	130,018	59,173	1,116,788	739,316
2022-03-17	$111.51	$105.00	48.3%	15.2%	59.8%	66.9%	51.6%	6.2%	-0.1%	32.1M	1.83B	-25.5M	0.38	3.25	119,892	45,484	1,145,338	753,647
2022-03-18	$115.83	$105.00	45.8%	14.6%	58.7%	60.4%	50.4%	5.3%	-0.1%	21.3M	1.19B	-26.3M	0.43	4.42	135,179	57,827	1,158,199	756,360
2022-03-21	$114.36	$105.00	45.9%	14.6%	58.3%	60.6%	50.3%	6.3%	1.2%	22.9M	1.42B	-25.5M	0.52	4.46	85,754	44,621	926,640	654,893
2022-03-22	$117.58	$105.00	42.2%	13.8%	58.8%	50.9%	49.8%	6.1%	0.5%	31.4M	1.02B	-26.3M	0.48	2.86	84,343	40,378	939,800	667,121
2022-03-23	$115.40	$105.00	44.1%	14.5%	58.4%	55.9%	51.1%	6.8%	-0.2%	26.0M	1.31B	-25.9M	0.53	2.59	72,906	38,694	948,794	676,290
2022-03-24	$115.95	$105.00	44.7%	14.6%	57.5%	57.5%	51.6%	6.4%	-0.1%	30.1M	1.24B	-25.9M	0.55	3.82	76,801	41,980	960,010	681,724
2022-03-25	$112.95	$105.00	43.2%	14.2%	55.2%	53.7%	49.9%	6.4%	-1.0%	11.4M	1.67B	-25.1M	0.45	4.11	77,664	34,585	983,687	697,299
2022-03-28	$116.01	$105.00	44.2%	14.3%	56.0%	56.2%	50.3%	6.5%	6.3%	24.7M	1.39B	-25.5M	0.36	4.15	98,269	35,361	950,546	678,275
2022-03-29	$121.11	$105.00	41.2%	13.5%	54.3%	48.4%	46.9%	5.4%	6.3%	46.8M	652.0M	-26.4M	0.33	3.16	157,253	51,505	966,718	689,497
2022-03-30	$118.60	$105.00	41.9%	13.6%	55.1%	50.1%	47.9%	3.2%	6.2%	36.1M	1.05B	-26.0M	0.58	3.76	124,869	71,817	982,064	705,718
2022-03-31	$116.77	$105.00	42.7%	13.8%	50.8%	52.2%	47.5%	4.5%	6.0%	25.6M	1.43B	-26.0M	0.59	4.01	70,369	41,531	997,426	734,722