PYPL Options History — July 2022

In July 2022, PYPL traded between $69.57 and $86.76. ATM implied volatility averaged 72.2%, placing in the 81.5% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded above realized volatility by 17.1% (HV 20d: 55.1%). Max pain ranged from $72.50 to $80.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.93.

Notable Days

2022-07-27: Highest Volume — 300,600 contracts
2022-07-27: Largest IV drop — 6.9% change
2022-07-13: Highest IV Rank — 87.5%
2022-07-26: Largest Expected Move — 22.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$76.78	$69.57	$86.76	$71.38	$86.76
Max Pain	$75.17	$72.50	$80.00	$80.00	$77.00
ATM IV	72.2%	63.6%	75.8%	71.4%	63.6%
Expected Move	20.3%	16.2%	22.5%	16.2%	19.9%
HV 20d	55.1%	46.3%	62.7%	57.3%	61.5%
HV 60d	60.8%	56.5%	62.3%	60.9%	61.5%
IV Rank	81.5%	67.3%	87.5%	80.1%	67.3%
IV Percentile	95.0%	84.5%	99.2%	97.2%	84.5%
Term Structure	-3.4%	-4.4%	-0.8%	-0.8%	-3.4%
VWIV	70.7%	57.2%	79.4%	57.2%	70.2%
Skew 25d	7.3%	5.5%	8.3%	8.1%	5.9%
Skew 10d	14.0%	11.0%	15.9%	15.4%	11.4%
Call IV 25d	68.9%	61.8%	72.9%	68.4%	61.8%
Put IV 25d	76.2%	67.8%	80.1%	76.5%	67.8%
Bid-Ask Spread %	2.54	1.85	3.58	1.85	1.87
Gamma HHI	0.09	0.07	0.12	0.08	0.09
Net GEX	17.6M	-6.5M	38.9M	3.9M	38.3M
Net DEX	697.4M	-746.9M	1.79B	1.65B	-746.9M
Net VEX	-15.8M	-18.3M	-13.6M	-14.9M	-18.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.37	1.86	0.96	0.96
Total Volume	131,181.4	82,580	300,600	109,052	115,987
Total OI	1,620,030.3	1,432,254	1,777,654	1,703,343	1,594,694

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
2022-07-01	$71.38	$80.00	71.4%	16.2%	57.3%	80.1%	57.2%	8.1%	-0.8%	3.9M	1.65B	-14.9M	0.96	1.85	55,565	53,487	1,043,268	660,075
2022-07-05	$74.28	$77.50	74.8%	19.8%	59.9%	85.8%	68.1%	8.3%	-2.9%	11.1M	1.17B	-15.7M	0.54	2.98	94,909	51,333	1,011,667	641,822
2022-07-06	$73.55	$77.50	73.1%	19.5%	59.7%	82.9%	67.6%	7.2%	-3.4%	10.7M	1.25B	-15.5M	1.40	3.58	43,461	60,742	1,034,948	658,806
2022-07-07	$74.90	$77.50	71.1%	19.0%	59.6%	79.7%	65.8%	7.4%	-3.5%	17.4M	1.05B	-15.7M	1.10	2.62	43,137	47,383	1,048,165	666,138
2022-07-08	$73.38	$77.50	69.6%	18.8%	59.7%	77.2%	64.6%	7.3%	-2.9%	8.1M	1.38B	-14.9M	0.76	2.40	61,439	46,838	1,056,855	675,888
2022-07-11	$70.56	$75.00	73.4%	20.0%	60.1%	83.4%	68.4%	7.4%	-2.4%	-1.4M	1.74B	-13.8M	0.63	3.40	52,657	32,912	1,044,178	656,473
2022-07-12	$71.28	$75.00	75.8%	20.3%	56.8%	87.3%	69.4%	8.0%	-4.4%	1.9M	1.62B	-14.1M	0.65	2.57	68,908	44,535	1,057,480	662,164
2022-07-13	$71.47	$75.00	75.8%	20.5%	51.3%	87.5%	73.1%	7.9%	-4.1%	3.6M	1.53B	-14.4M	1.86	3.24	42,535	79,144	1,078,932	668,297
2022-07-14	$69.57	$72.50	75.3%	20.6%	51.7%	86.7%	71.3%	7.4%	-4.2%	-6.5M	1.79B	-13.6M	1.02	3.14	40,868	41,712	1,085,055	674,903
2022-07-15	$73.48	$72.50	74.1%	20.5%	52.3%	84.6%	71.4%	5.5%	-3.6%	13.3M	1.20B	-14.8M	0.62	2.66	102,836	63,536	1,096,998	680,656
2022-07-18	$73.79	$72.50	72.7%	20.5%	46.3%	82.3%	70.9%	5.7%	-3.5%	13.8M	838.5M	-14.8M	1.12	2.48	53,150	59,456	864,628	567,626
2022-07-19	$77.74	$72.50	74.4%	21.2%	49.1%	85.1%	73.6%	8.1%	-3.8%	24.3M	313.5M	-16.0M	0.80	2.12	75,359	60,436	879,470	598,282
2022-07-20	$79.89	$72.50	73.0%	20.9%	49.8%	82.8%	73.5%	8.2%	-3.7%	32.1M	7.9M	-16.8M	1.15	2.63	66,937	77,157	896,540	614,946
2022-07-21	$82.17	$73.00	71.7%	20.8%	50.5%	80.7%	73.0%	6.4%	-4.0%	37.9M	-334.5M	-17.3M	0.37	2.47	169,169	62,536	906,273	630,755
2022-07-22	$80.86	$75.00	71.5%	20.9%	51.1%	80.3%	73.9%	7.7%	-4.0%	27.5M	-72.2M	-17.1M	0.71	2.73	84,693	60,026	925,594	644,433
2022-07-25	$81.52	$75.00	72.2%	21.8%	47.6%	81.5%	77.2%	7.6%	-3.1%	25.1M	96.9M	-17.1M	0.78	2.22	47,957	37,470	869,827	605,459
2022-07-26	$76.84	$75.00	74.6%	22.5%	51.7%	85.4%	79.4%	8.1%	-3.6%	12.9M	691.4M	-15.9M	1.08	1.88	54,695	59,307	883,522	614,419
2022-07-27	$86.56	$75.00	69.5%	21.2%	62.5%	76.9%	74.8%	7.9%	-3.2%	38.5M	-681.0M	-18.3M	1.09	2.02	144,164	156,436	898,399	632,691
2022-07-28	$85.67	$76.00	66.3%	20.5%	62.7%	71.8%	71.2%	7.0%	-3.1%	38.9M	-544.1M	-18.2M	1.06	1.99	53,815	56,941	913,982	656,298
2022-07-29	$86.76	$77.00	63.6%	19.9%	61.5%	67.3%	70.2%	5.9%	-3.4%	38.3M	-746.9M	-18.2M	0.96	1.87	59,211	56,776	925,679	669,015