PYPL Options History — September 2022

In September 2022, PYPL traded between $84.92 and $97.80. ATM implied volatility averaged 51.6%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 15.1% (HV 20d: 36.5%). Max pain ranged from $90.00 to $92.50. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.44.

Notable Days

2022-09-28: Highest Volume — 159,879 contracts
2022-09-13: Largest IV spike — 7.9% change
2022-09-26: Highest IV Rank — 57.7%
2022-09-26: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$92.02	$84.92	$97.80	$91.97	$86.53
Max Pain	$91.79	$90.00	$92.50	$90.00	$92.50
ATM IV	51.6%	44.7%	58.5%	49.5%	57.6%
Expected Move	14.7%	13.0%	16.7%	13.9%	16.0%
HV 20d	36.5%	33.8%	43.2%	35.0%	43.2%
HV 60d	51.4%	48.9%	56.4%	56.4%	50.8%
IV Rank	45.8%	34.8%	57.7%	42.9%	52.5%
IV Percentile	60.2%	44.8%	75.8%	56.3%	73.4%
Term Structure	0.7%	-0.7%	2.9%	-0.1%	2.9%
VWIV	51.8%	45.4%	58.0%	48.5%	57.4%
Skew 25d	6.4%	4.5%	9.3%	4.7%	8.9%
Skew 10d	11.3%	8.2%	16.1%	8.6%	15.1%
Call IV 25d	48.7%	43.1%	54.5%	47.9%	52.3%
Put IV 25d	55.2%	47.6%	63.1%	52.5%	61.2%
Bid-Ask Spread %	2.53	1.79	4.61	1.79	2.30
Gamma HHI	0.05	0.03	0.14	0.04	0.04
Net GEX	-1.5M	-26.7M	19.1M	-9.4M	-13.8M
Net DEX	142.0M	-821.7M	1.04B	251.0M	940.3M
Net VEX	-18.5M	-19.2M	-16.9M	-18.6M	-17.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.44	0.74	2.61	1.24	1.98
Total Volume	107,770.667	65,448	159,879	88,361	96,425
Total OI	1,456,212.095	1,248,550	1,622,608	1,518,966	1,435,149

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
2022-09-01	$91.97	$90.00	49.5%	13.9%	35.0%	42.9%	48.5%	4.7%	-0.1%	-9.4M	251.0M	-18.6M	1.24	1.79	39,491	48,870	849,664	669,302
2022-09-02	$90.90	$90.00	50.2%	14.0%	34.9%	44.1%	49.2%	4.5%	0.2%	-18.2M	398.0M	-18.4M	1.02	1.98	35,267	35,845	859,293	675,707
2022-09-06	$91.60	$90.00	50.6%	14.5%	34.8%	44.7%	49.9%	5.3%	0.1%	-7.1M	239.5M	-18.1M	1.11	2.65	50,118	55,543	836,276	661,167
2022-09-07	$95.02	$90.00	48.6%	13.9%	37.0%	41.3%	48.9%	5.3%	0.3%	9.1M	-378.5M	-18.9M	2.61	2.14	43,802	114,216	859,942	671,198
2022-09-08	$95.81	$90.00	47.0%	13.6%	34.1%	38.6%	48.4%	4.5%	0.2%	17.8M	-553.7M	-19.0M	1.24	2.55	35,050	43,330	873,777	685,576
2022-09-09	$96.22	$90.00	44.7%	13.0%	34.2%	34.8%	45.4%	4.5%	0.3%	19.1M	-619.7M	-18.9M	1.12	2.05	49,771	55,583	878,918	690,722
2022-09-12	$97.69	$92.50	45.2%	13.1%	33.8%	35.6%	47.1%	4.6%	0.5%	17.5M	-803.0M	-18.7M	1.19	1.83	42,223	50,153	867,956	658,928
2022-09-13	$94.53	$92.50	48.8%	13.9%	35.2%	41.6%	49.0%	5.5%	0.0%	1.1M	-252.8M	-18.6M	1.58	3.19	54,726	86,281	879,583	684,419
2022-09-14	$97.80	$92.50	48.5%	13.9%	37.6%	41.1%	50.4%	5.0%	-0.1%	15.8M	-821.7M	-19.2M	2.48	4.61	41,187	101,973	891,681	695,551
2022-09-15	$96.29	$92.50	49.2%	14.0%	36.6%	42.3%	49.5%	5.2%	-0.7%	11.4M	-651.2M	-18.9M	0.83	4.54	44,914	37,376	902,837	700,240
2022-09-16	$93.86	$92.50	50.5%	14.4%	37.4%	44.5%	50.8%	6.5%	-0.1%	-26.7M	-159.6M	-18.7M	0.86	2.96	71,106	61,220	912,845	709,763
2022-09-19	$94.73	$92.50	49.4%	14.2%	35.4%	42.7%	50.4%	6.2%	0.7%	3.4M	60.4M	-18.8M	1.08	2.39	31,510	33,938	684,697	563,853
2022-09-20	$92.09	$92.50	52.3%	15.0%	34.9%	47.5%	52.8%	6.9%	0.7%	-2.8M	349.5M	-18.5M	0.87	2.51	46,964	40,955	700,213	582,169
2022-09-21	$91.51	$92.50	52.5%	15.0%	35.0%	47.9%	52.6%	7.2%	1.0%	-2.8M	372.2M	-18.5M	2.25	2.40	40,258	90,411	716,780	591,639
2022-09-22	$88.26	$92.50	53.5%	15.3%	36.9%	49.5%	52.7%	7.1%	1.2%	-13.7M	818.0M	-17.6M	0.74	2.05	58,421	43,001	727,317	602,180
2022-09-23	$87.11	$92.50	55.6%	15.9%	35.6%	53.1%	56.2%	8.5%	0.8%	-13.8M	916.0M	-17.6M	1.43	2.55	39,730	57,004	742,863	607,594
2022-09-26	$84.92	$92.50	58.5%	16.7%	34.5%	57.7%	58.0%	8.6%	1.3%	-11.9M	1.04B	-16.9M	1.27	2.24	60,922	77,596	718,522	592,158
2022-09-27	$85.47	$92.50	58.4%	16.6%	34.7%	56.3%	56.5%	8.5%	1.4%	-11.2M	1.02B	-17.7M	1.15	2.18	42,258	48,425	752,350	626,823
2022-09-28	$91.46	$92.50	55.8%	15.8%	42.8%	49.2%	56.1%	8.4%	1.8%	6.0M	216.9M	-19.2M	2.35	1.81	47,779	112,100	765,669	631,193
2022-09-29	$88.64	$92.50	58.1%	16.4%	43.0%	53.6%	57.7%	9.3%	2.8%	-1.3M	604.2M	-18.7M	1.91	2.45	33,469	63,973	780,402	643,538
2022-09-30	$86.53	$92.50	57.6%	16.0%	43.2%	52.5%	57.4%	8.9%	2.9%	-13.8M	940.3M	-17.9M	1.98	2.30	32,321	64,104	785,177	649,972