PYPL Options History — February 2023

In February 2023, PYPL traded between $73.28 and $85.95. ATM implied volatility averaged 44.8%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 10.9% (HV 20d: 33.8%). Max pain ranged from $77.50 to $82.50. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.92.

Notable Days

  • 2023-02-10: Highest Volume — 391,189 contracts
  • 2023-02-10: Largest IV drop — 25.4% change
  • 2023-02-02: Highest IV Rank — 32.4%
  • 2023-02-01: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.53$73.28$85.95$83.38$73.77
Max Pain$80.00$77.50$82.50$77.50$77.50
ATM IV44.8%37.8%54.9%53.5%38.1%
Expected Move12.7%10.8%18.6%18.6%10.8%
HV 20d33.8%25.8%37.7%26.9%35.3%
HV 60d35.5%33.3%40.7%40.5%33.3%
IV Rank12.8%0.0%32.4%29.1%0.9%
IV Percentile17.7%0.0%51.2%46.0%0.4%
Term Structure-0.7%-3.0%1.2%-3.0%-0.4%
VWIV44.8%37.6%65.4%65.4%37.6%
Skew 25d3.5%2.1%5.1%5.1%3.9%
Skew 10d6.3%4.2%9.2%9.2%6.9%
Call IV 25d43.3%36.5%54.1%50.8%36.5%
Put IV 25d46.8%40.1%57.3%55.8%40.4%
Bid-Ask Spread %1.921.602.402.061.90
Gamma HHI0.060.050.090.050.07
Net GEX-9.7M-30.8M16.9M11.0M-21.8M
Net DEX247.9M-717.0M901.1M-381.2M639.1M
Net VEX-12.0M-13.2M-11.0M-12.6M-11.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.561.220.831.02
Total Volume112,570.10535,671391,18977,04935,671
Total OI1,083,591.211998,2321,224,716998,2321,042,863

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$83.38$77.5053.5%18.6%26.9%29.1%65.4%5.1%-3.0%11.0M-381.2M-12.6M0.832.0642,10734,942508,239489,993
2023-02-02$85.95$80.0054.9%14.6%26.3%32.4%50.7%3.2%-2.7%16.9M-717.0M-13.0M0.561.7396,10953,576517,951499,169
2023-02-03$85.77$80.0054.0%14.6%25.8%30.4%52.7%4.1%-2.7%13.0M-656.7M-13.2M0.922.1644,14740,789540,683518,300
2023-02-06$82.48$80.0053.0%14.5%30.3%28.0%50.6%3.1%-1.3%927.8K-155.1M-12.7M0.971.8143,03741,597518,345492,995
2023-02-07$83.30$80.0052.8%14.5%30.4%27.3%50.7%2.8%-1.7%1.9M-239.5M-13.0M0.941.8241,73339,190540,523517,518
2023-02-08$79.88$80.0053.7%14.9%34.4%29.6%52.0%2.7%-1.5%-6.6M151.9M-12.7M1.202.4044,72353,562553,248531,648
2023-02-09$78.53$80.0053.6%15.0%35.0%29.4%51.8%2.1%-1.7%-12.4M352.9M-12.5M0.902.29125,785113,234566,958552,800
2023-02-10$80.66$80.0040.0%11.7%35.8%0.0%41.6%3.0%1.2%-716.3K79.4M-12.5M0.611.81242,505148,684620,274604,442
2023-02-13$79.82$82.5041.0%11.8%36.0%2.2%41.0%4.1%0.1%-3.6M153.6M-12.3M0.861.6658,49950,546575,157531,847
2023-02-14$77.18$82.5039.0%11.2%37.7%0.0%39.7%3.7%0.7%-17.5M520.2M-11.9M0.861.8770,50060,838587,283540,357
2023-02-15$77.47$80.0037.8%10.8%35.2%0.0%38.0%2.8%0.9%-15.9M441.3M-11.9M1.152.1041,18047,262604,757551,299
2023-02-16$76.98$80.0038.9%11.1%35.3%2.6%39.2%3.4%1.0%-19.0M490.9M-11.9M0.701.8138,21926,721613,721550,490
2023-02-17$74.31$80.0038.8%11.0%36.2%2.4%38.9%3.8%1.1%-28.2M901.1M-11.3M1.061.6066,62470,668623,070556,180
2023-02-21$75.38$80.0042.0%11.9%36.5%9.2%42.7%4.0%-0.7%-16.4M546.3M-11.4M0.741.8946,85234,692536,338483,304
2023-02-22$75.07$80.0041.3%11.7%36.6%7.8%40.7%3.9%-0.9%-16.5M559.5M-11.5M1.221.6632,71740,060554,875494,040
2023-02-23$75.19$80.0039.1%11.0%36.6%3.1%38.8%3.5%-0.7%-18.1M550.8M-11.4M0.992.1034,68134,466562,807500,911
2023-02-24$73.28$80.0040.2%11.3%37.0%5.3%39.7%3.9%-1.0%-30.8M822.8M-11.1M1.102.0343,01747,383568,655508,532
2023-02-27$73.67$80.0039.1%11.1%35.8%3.0%39.2%4.1%-0.6%-21.1M650.0M-11.1M0.801.7829,20123,315542,884485,777
2023-02-28$73.77$77.5038.1%10.8%35.3%0.9%37.6%3.9%-0.4%-21.8M639.1M-11.0M1.021.9017,62318,048551,503491,360