PYPL Options History — May 2022

In May 2022, PYPL traded between $73.46 and $92.54. ATM implied volatility averaged 60.7%, placing in the 62.4% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded below realized volatility by 7.1% (HV 20d: 67.8%). Max pain ranged from $90.00 to $130.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.71.

Notable Days

2022-05-05: Highest Volume — 304,577 contracts
2022-05-05: Largest IV spike — 14.9% change
2022-05-12: Highest IV Rank — 78.6%
2022-05-12: Largest Expected Move — 20.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$81.58	$73.46	$92.54	$91.00	$85.51
Max Pain	$96.67	$90.00	$130.00	$105.00	$90.00
ATM IV	60.7%	52.3%	70.5%	60.8%	55.7%
Expected Move	17.6%	15.2%	20.0%	18.5%	16.9%
HV 20d	67.8%	56.1%	75.3%	66.7%	59.7%
HV 60d	59.2%	56.2%	61.7%	56.3%	59.8%
IV Rank	62.4%	48.6%	78.6%	62.7%	54.3%
IV Percentile	93.0%	80.2%	98.0%	97.2%	84.9%
Term Structure	-0.4%	-1.5%	0.9%	-1.1%	-0.7%
VWIV	61.7%	53.8%	69.2%	66.5%	59.4%
Skew 25d	9.0%	6.7%	12.1%	8.2%	7.7%
Skew 10d	16.2%	12.3%	20.6%	14.8%	13.7%
Call IV 25d	57.2%	49.4%	65.4%	57.3%	52.8%
Put IV 25d	66.3%	56.3%	77.5%	65.5%	60.4%
Bid-Ask Spread %	2.55	1.81	3.76	2.94	1.99
Gamma HHI	0.06	0.04	0.09	0.04	0.06
Net GEX	-4.1M	-20.7M	16.0M	-4.5M	16.0M
Net DEX	2.71B	1.17B	3.45B	3.00B	1.19B
Net VEX	-16.6M	-19.6M	-13.5M	-19.6M	-18.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.47	0.97	0.74	0.63
Total Volume	124,810	81,726	304,577	100,694	92,060
Total OI	1,778,912.619	1,637,778	1,925,682	1,739,242	1,729,300

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
2022-05-02	$91.00	$105.00	60.8%	18.5%	66.7%	62.7%	66.5%	8.2%	-1.1%	-4.5M	3.00B	-19.6M	0.74	2.94	57,738	42,956	987,245	751,997
2022-05-03	$90.25	$105.00	57.4%	17.4%	62.6%	57.1%	60.9%	8.1%	-0.4%	-5.4M	3.09B	-18.9M	0.78	2.47	45,839	35,887	998,389	753,021
2022-05-04	$92.54	$100.00	52.3%	15.7%	63.7%	48.6%	56.6%	6.7%	0.9%	-1.7M	2.91B	-19.1M	0.74	2.66	56,269	41,452	1,005,678	755,511
2022-05-05	$85.12	$130.00	60.1%	16.9%	67.9%	61.5%	57.9%	9.3%	-0.6%	-15.3M	3.43B	-16.4M	0.97	3.76	154,379	150,198	1,015,588	750,011
2022-05-06	$81.69	$100.00	60.8%	17.2%	67.9%	62.6%	59.9%	9.5%	-0.6%	-20.7M	3.45B	-16.2M	0.80	2.44	67,192	53,630	1,040,098	764,707
2022-05-09	$79.98	$100.00	65.0%	18.7%	67.9%	69.6%	65.0%	10.7%	0.4%	-13.8M	3.38B	-15.7M	0.85	2.27	50,697	42,877	1,011,507	736,516
2022-05-10	$78.51	$100.00	65.8%	18.8%	67.9%	70.8%	66.4%	11.0%	-0.2%	-13.4M	3.36B	-15.3M	0.67	2.71	64,951	43,386	1,023,708	732,532
2022-05-11	$75.31	$97.50	68.7%	19.7%	68.5%	75.6%	66.0%	11.1%	0.0%	-14.1M	3.40B	-14.2M	0.74	2.77	67,208	49,433	1,038,389	730,420
2022-05-12	$73.46	$95.00	70.5%	20.0%	68.4%	78.6%	69.2%	12.1%	-0.8%	-16.8M	3.39B	-13.5M	0.57	2.86	103,433	58,524	1,054,075	732,949
2022-05-13	$78.91	$95.00	63.7%	18.3%	75.3%	67.4%	64.3%	10.4%	0.1%	-7.6M	3.05B	-15.6M	0.50	1.90	84,405	42,166	1,089,535	740,571
2022-05-16	$77.47	$95.00	64.9%	18.6%	75.2%	69.5%	64.6%	8.1%	-1.2%	-7.8M	3.11B	-14.9M	0.52	2.63	106,397	55,815	1,075,503	727,038
2022-05-17	$79.53	$95.00	59.6%	17.1%	74.6%	60.7%	59.0%	7.7%	-1.2%	1.4M	2.96B	-15.7M	0.56	3.03	80,299	44,662	1,119,654	753,386
2022-05-18	$77.09	$92.50	64.8%	18.6%	70.4%	69.2%	64.5%	10.3%	-1.5%	-1.3M	3.07B	-15.3M	0.56	2.25	76,299	42,774	1,143,020	762,120
2022-05-19	$81.55	$90.00	60.9%	17.5%	71.0%	62.9%	61.7%	9.4%	-1.4%	4.2M	2.55B	-17.0M	0.84	2.69	70,944	59,665	1,144,734	754,322
2022-05-20	$80.31	$90.00	61.0%	17.6%	70.4%	62.9%	61.7%	9.0%	-1.2%	-1.3M	2.54B	-16.8M	0.95	2.92	69,694	66,026	1,169,046	756,636
2022-05-23	$80.73	$90.00	58.4%	17.0%	70.3%	58.7%	62.9%	9.2%	-0.3%	-237.2K	1.97B	-16.8M	0.87	2.16	51,487	44,921	975,340	662,438
2022-05-24	$79.16	$90.00	59.8%	17.5%	69.6%	61.0%	61.9%	9.0%	0.2%	-1.1M	2.09B	-16.6M	0.73	2.55	57,972	42,509	996,404	673,176
2022-05-25	$79.84	$90.00	57.0%	16.9%	69.3%	56.5%	59.1%	8.4%	0.0%	2.2M	1.95B	-16.9M	0.85	2.56	45,669	38,777	1,018,664	687,811
2022-05-26	$80.16	$90.00	54.6%	16.0%	56.1%	52.5%	55.2%	7.2%	0.2%	4.0M	1.89B	-17.0M	0.50	2.13	80,087	40,220	1,036,626	696,499
2022-05-27	$85.05	$90.00	52.3%	15.2%	60.1%	48.7%	53.8%	6.9%	0.4%	10.3M	1.17B	-18.5M	0.47	1.81	96,799	45,314	1,058,874	704,127
2022-05-31	$85.51	$90.00	55.7%	16.9%	59.7%	54.3%	59.4%	7.7%	-0.7%	16.0M	1.19B	-18.6M	0.63	1.99	56,624	35,436	1,046,526	682,774