PYPL Options History — January 2023

In January 2023, PYPL traded between $74.53 and $82.00. ATM implied volatility averaged 55.3%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 23.1% (HV 20d: 32.2%). Max pain ranged from $72.50 to $77.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 1.18.

Notable Days

  • 2023-01-04: Highest Volume — 163,570 contracts
  • 2023-01-30: Largest IV spike — 6.2% change
  • 2023-01-04: Highest IV Rank — 45.5%
  • 2023-01-31: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.54$74.53$82.00$74.53$80.93
Max Pain$75.75$72.50$77.50$75.00$77.50
ATM IV55.3%51.7%58.7%57.7%56.1%
Expected Move16.0%13.5%19.1%13.9%19.1%
HV 20d32.2%27.8%35.0%33.7%29.8%
HV 60d43.6%41.0%47.2%47.2%41.0%
IV Rank33.8%25.0%45.5%45.0%35.3%
IV Percentile54.1%44.8%67.5%65.5%56.7%
Term Structure-2.2%-3.7%-1.2%-1.8%-2.4%
VWIV56.3%49.0%66.6%49.1%66.6%
Skew 25d6.0%5.2%6.8%6.2%5.8%
Skew 10d10.2%8.4%11.8%9.6%10.5%
Call IV 25d52.3%49.6%56.6%56.6%52.3%
Put IV 25d58.3%54.8%62.8%62.8%58.1%
Bid-Ask Spread %1.781.432.291.431.67
Gamma HHI0.060.040.290.040.05
Net GEX8.6M-1.9M43.2M1.3M2.1M
Net DEX-69.8M-386.3M257.9M257.9M-88.2M
Net VEX-11.9M-12.6M-11.4M-12.2M-12.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.403.760.810.60
Total Volume92,003.852,364163,570126,79975,155
Total OI1,251,798.85879,9771,449,0951,369,204975,401

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$74.53$75.0057.7%13.9%33.7%45.0%49.1%6.2%-1.8%1.3M257.9M-12.2M0.811.4369,87256,927808,001561,203
2023-01-04$77.14$75.0058.7%13.5%35.0%45.5%49.0%5.6%-1.6%10.1M-98.8M-12.6M1.371.6969,03494,536820,863582,097
2023-01-05$76.34$75.0058.3%15.8%34.7%41.9%55.6%5.4%-1.5%7.8M24.6M-12.4M1.181.8826,01830,577837,949585,435
2023-01-06$76.84$75.0056.6%15.6%33.3%36.4%55.5%5.7%-1.4%13.0M-45.2M-12.3M1.321.7646,01060,557844,959590,234
2023-01-09$77.10$75.0057.2%15.8%33.3%37.9%56.1%5.8%-1.6%3.3M20.9M-12.2M0.621.8558,33036,309817,867571,874
2023-01-10$77.69$75.0055.9%15.5%33.1%34.9%57.8%5.5%-1.3%7.8M-78.5M-12.1M0.821.5728,81223,552839,455576,782
2023-01-11$78.25$72.5056.3%15.6%33.0%35.8%58.9%6.0%-1.9%11.0M-145.2M-12.1M3.762.2928,444107,042842,684570,667
2023-01-12$79.53$75.0054.2%15.1%33.4%30.9%53.6%5.9%-2.0%16.6M-332.2M-12.1M1.511.7338,06557,631848,540581,008
2023-01-13$79.52$75.0051.7%14.6%32.4%25.0%51.3%5.2%-1.2%15.4M-309.6M-11.8M1.032.2140,73942,093853,138586,328
2023-01-17$80.31$75.0053.6%15.3%27.8%29.4%53.3%6.0%-2.3%13.2M-386.3M-11.8M1.151.7836,38741,930831,149572,243
2023-01-18$77.30$75.0054.5%15.6%31.7%31.5%54.1%6.8%-2.8%-149.5K124.2M-11.5M2.581.6644,619115,111845,262581,347
2023-01-19$76.84$75.0053.9%15.6%31.8%30.2%54.5%6.6%-2.8%-1.9M173.1M-11.4M0.991.7227,28927,085852,503583,478
2023-01-20$78.69$75.0054.5%16.0%32.4%31.4%55.4%6.6%-3.7%1.0M-91.5M-11.5M0.791.7947,56537,532857,140591,955
2023-01-23$79.28$77.5054.2%16.4%32.4%30.8%57.0%6.4%-2.3%2.0M11.6M-11.5M0.911.6045,72541,631454,780425,197
2023-01-24$79.09$77.5054.2%16.6%31.9%30.8%56.9%6.2%-2.3%4.2M20.0M-11.5M0.891.8929,39626,182472,945443,716
2023-01-25$79.12$77.5055.0%17.1%32.0%32.7%60.1%6.6%-2.8%6.3M29.8M-11.5M0.861.6246,54740,235481,719450,788
2023-01-26$80.15$77.5053.2%16.7%31.7%28.5%58.6%5.9%-2.8%16.2M-121.6M-11.6M1.221.8637,38645,459496,308457,764
2023-01-27$82.00$77.5052.9%16.8%30.9%27.7%58.2%5.4%-2.9%43.2M-348.3M-12.1M0.401.8677,26030,585507,438481,637
2023-01-30$80.23$77.5056.2%18.8%29.8%35.4%65.2%6.0%-2.4%448.6K-11.6M-12.1M0.831.7528,65323,796486,731467,392
2023-01-31$80.93$77.5056.1%19.1%29.8%35.3%66.6%5.8%-2.4%2.1M-88.2M-12.3M0.601.6746,95028,205497,423477,978