PYPL Options History — December 2022

In December 2022, PYPL traded between $67.43 and $78.56. ATM implied volatility averaged 46.2%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 8.7% (HV 20d: 37.5%). Max pain ranged from $75.00 to $90.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.45.

Notable Days

2022-12-07: Highest Volume — 299,993 contracts
2022-12-13: Largest IV drop — 6.9% change
2022-12-12: Highest IV Rank — 29.2%
2022-12-07: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.41	$67.43	$78.56	$78.56	$71.00
Max Pain	$81.90	$75.00	$90.00	$85.00	$75.00
ATM IV	46.2%	43.8%	49.6%	44.2%	49.6%
Expected Move	13.3%	12.7%	14.0%	13.9%	13.0%
HV 20d	37.5%	27.5%	56.3%	55.3%	33.1%
HV 60d	49.1%	46.0%	50.7%	49.7%	46.0%
IV Rank	24.1%	19.2%	29.2%	20.2%	28.7%
IV Percentile	26.9%	16.7%	41.7%	20.2%	41.7%
Term Structure	2.5%	-0.1%	11.1%	-0.1%	11.0%
VWIV	46.1%	43.4%	49.4%	49.4%	46.4%
Skew 25d	4.8%	4.0%	5.7%	4.5%	4.7%
Skew 10d	8.1%	6.7%	9.9%	7.3%	7.4%
Call IV 25d	43.9%	42.2%	46.7%	42.5%	44.0%
Put IV 25d	48.8%	46.2%	52.0%	47.0%	48.6%
Bid-Ask Spread %	1.44	1.09	2.38	2.25	1.61
Gamma HHI	0.06	0.04	0.08	0.04	0.06
Net GEX	-13.3M	-31.4M	5.3M	-5.4M	-871.9K
Net DEX	1.19B	643.5M	1.58B	923.1M	643.5M
Net VEX	-11.7M	-13.1M	-10.8M	-13.1M	-11.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.45	0.36	4.84	0.72	1.11
Total Volume	136,763.81	55,010	299,993	149,589	74,418
Total OI	1,415,073.762	1,313,686	1,510,132	1,356,357	1,437,049

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
2022-12-01	$78.56	$85.00	44.2%	13.9%	55.3%	20.2%	49.4%	4.5%	-0.1%	-5.4M	923.1M	-13.1M	0.72	2.25	86,943	62,646	771,103	585,254
2022-12-02	$74.69	$85.00	43.8%	13.8%	56.3%	19.2%	48.7%	4.0%	-0.0%	-14.6M	1.38B	-12.2M	0.62	2.38	112,289	69,822	798,090	590,865
2022-12-05	$73.23	$90.00	45.9%	13.6%	56.3%	23.6%	46.6%	4.8%	1.8%	-15.6M	1.35B	-12.0M	0.42	1.45	97,032	40,840	802,215	577,405
2022-12-06	$72.16	$87.50	46.8%	13.8%	55.2%	25.4%	47.6%	4.6%	1.6%	-12.3M	1.40B	-11.9M	0.36	1.31	95,629	34,595	838,578	585,701
2022-12-07	$74.31	$85.00	48.2%	14.0%	53.1%	28.3%	44.7%	4.5%	1.2%	2.8M	1.06B	-12.7M	1.47	1.30	121,618	178,375	857,320	595,863
2022-12-08	$74.22	$85.00	47.0%	13.7%	52.0%	25.8%	47.5%	5.3%	1.6%	5.3M	1.09B	-12.6M	1.17	1.23	63,187	73,981	880,842	609,366
2022-12-09	$73.59	$85.00	46.0%	13.8%	37.7%	23.8%	45.3%	4.8%	2.1%	-11.6M	1.23B	-12.5M	1.28	1.30	50,948	65,137	888,293	621,839
2022-12-12	$73.27	$85.00	48.6%	14.0%	30.4%	29.2%	48.0%	5.3%	0.1%	-14.7M	1.23B	-12.3M	0.71	1.16	39,804	28,194	826,041	599,736
2022-12-13	$73.72	$85.00	45.3%	13.1%	31.0%	22.3%	45.2%	4.8%	0.0%	-13.3M	1.20B	-12.2M	0.66	1.33	69,792	45,722	840,541	608,193
2022-12-14	$72.42	$82.50	45.2%	13.0%	31.0%	22.2%	43.6%	5.2%	0.1%	-19.8M	1.33B	-11.9M	3.05	1.75	49,317	150,353	853,229	608,789
2022-12-15	$69.57	$80.00	45.5%	13.1%	31.7%	22.8%	46.2%	5.1%	0.4%	-31.4M	1.56B	-11.1M	0.70	1.27	55,456	38,720	862,128	603,222
2022-12-16	$68.94	$80.00	44.8%	12.9%	31.6%	21.4%	44.2%	4.5%	0.4%	-24.8M	1.58B	-11.0M	2.77	1.20	56,219	155,546	878,488	608,115
2022-12-19	$68.75	$80.00	45.1%	12.9%	31.6%	22.0%	45.5%	4.3%	1.0%	-16.2M	1.23B	-11.0M	0.73	1.37	47,089	34,576	776,878	536,808
2022-12-20	$68.78	$80.00	44.9%	12.9%	28.1%	21.5%	45.2%	4.5%	1.1%	-15.7M	1.21B	-11.1M	0.74	1.47	31,608	23,402	792,263	549,149
2022-12-21	$68.98	$80.00	44.6%	12.8%	28.3%	21.0%	43.4%	5.0%	1.0%	-15.9M	1.17B	-11.1M	4.84	1.30	32,774	158,495	799,677	553,365
2022-12-22	$68.22	$80.00	46.9%	13.4%	27.6%	25.5%	46.8%	5.0%	0.6%	-19.0M	1.19B	-11.1M	0.86	1.61	78,463	67,160	806,293	559,688
2022-12-23	$68.77	$77.50	44.6%	12.7%	28.3%	20.9%	44.8%	4.6%	1.2%	-10.6M	1.08B	-11.3M	1.06	1.10	37,687	39,989	840,827	575,988
2022-12-27	$68.47	$77.50	47.6%	13.5%	28.3%	27.1%	48.2%	5.7%	6.9%	-16.7M	1.09B	-11.1M	1.15	1.09	26,404	30,251	815,390	565,972
2022-12-28	$67.43	$77.50	48.1%	13.6%	27.5%	28.1%	44.9%	5.7%	10.3%	-21.5M	1.22B	-10.8M	4.49	1.18	34,983	157,001	821,963	580,804
2022-12-29	$70.59	$77.50	47.2%	12.9%	33.0%	26.2%	45.0%	5.1%	11.1%	-6.5M	770.4M	-11.5M	1.59	1.54	60,052	95,523	833,627	579,592
2022-12-30	$71.00	$75.00	49.6%	13.0%	33.1%	28.7%	46.4%	4.7%	11.0%	-871.9K	643.5M	-11.6M	1.11	1.61	35,207	39,211	852,363	584,686