PYPL Options History — March 2023

In March 2023, PYPL traded between $72.30 and $76.93. ATM implied volatility averaged 40.5%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 9.4% (HV 20d: 31.0%). Max pain ranged from $77.00 to $80.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.00.

Notable Days

2023-03-09: Highest Volume — 145,192 contracts
2023-03-10: Largest IV spike — 10.6% change
2023-03-13: Highest IV Rank — 20.3%
2023-03-13: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$74.31	$72.30	$76.93	$73.76	$75.53
Max Pain	$78.50	$77.00	$80.00	$77.50	$77.00
ATM IV	40.5%	35.5%	45.2%	38.1%	40.9%
Expected Move	11.3%	10.2%	12.6%	10.9%	10.2%
HV 20d	31.0%	24.2%	35.1%	35.0%	34.2%
HV 60d	32.4%	31.2%	34.5%	33.2%	31.5%
IV Rank	9.9%	0.0%	20.3%	0.8%	11.2%
IV Percentile	7.9%	0.0%	21.0%	0.4%	8.3%
Term Structure	1.7%	-1.1%	5.4%	-0.4%	5.4%
VWIV	39.6%	35.7%	44.2%	35.7%	36.4%
Skew 25d	5.7%	3.2%	7.4%	3.7%	5.9%
Skew 10d	10.0%	5.8%	12.8%	6.6%	10.2%
Call IV 25d	37.9%	34.2%	41.6%	36.6%	36.9%
Put IV 25d	43.6%	37.4%	49.0%	40.3%	42.7%
Bid-Ask Spread %	2.28	1.66	4.48	1.87	4.48
Gamma HHI	0.06	0.04	0.16	0.07	0.06
Net GEX	-9.5M	-25.0M	10.6M	-22.7M	10.6M
Net DEX	447.8M	62.1M	775.4M	628.3M	130.8M
Net VEX	-11.1M	-11.5M	-10.6M	-11.0M	-11.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.58	2.27	2.27	0.76
Total Volume	70,675.522	43,982	145,192	71,535	58,935
Total OI	1,056,692.652	929,030	1,132,423	1,050,301	1,069,286

Daily Data (23 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
2023-03-01	$73.76	$77.50	38.1%	10.9%	35.0%	0.8%	35.7%	3.7%	-0.4%	-22.7M	628.3M	-11.0M	2.27	1.87	21,898	49,637	555,994	494,307
2023-03-02	$74.25	$77.50	37.5%	10.8%	32.9%	0.0%	37.9%	3.7%	-0.2%	-19.2M	543.7M	-11.0M	0.61	2.10	35,319	21,641	561,509	494,848
2023-03-03	$76.20	$77.50	36.0%	10.2%	32.3%	0.0%	35.7%	3.5%	-0.7%	123.2K	220.8M	-11.3M	0.58	2.72	56,242	32,572	571,993	500,810
2023-03-06	$76.93	$80.00	35.5%	10.3%	32.7%	0.0%	36.1%	3.2%	0.2%	-7.2M	177.8M	-11.3M	0.95	1.83	32,100	30,385	565,615	490,288
2023-03-07	$74.84	$80.00	36.4%	10.5%	31.4%	1.8%	36.7%	3.4%	0.7%	-14.2M	456.7M	-11.0M	0.70	1.66	25,869	18,113	577,725	494,351
2023-03-08	$75.74	$80.00	36.6%	10.6%	31.5%	2.3%	37.2%	3.3%	0.4%	-7.7M	320.3M	-11.2M	0.98	2.06	35,782	35,007	583,576	497,324
2023-03-09	$76.00	$80.00	39.9%	11.5%	28.4%	9.1%	39.6%	3.7%	0.2%	-3.3M	245.9M	-11.5M	0.82	2.46	79,818	65,374	593,262	504,185
2023-03-10	$73.37	$80.00	44.1%	12.4%	30.3%	17.9%	43.8%	6.2%	-0.3%	-19.5M	694.9M	-11.2M	1.47	2.38	41,225	60,469	610,239	510,849
2023-03-13	$73.22	$80.00	45.2%	12.6%	28.1%	20.3%	43.7%	7.4%	-1.1%	-22.7M	705.1M	-11.0M	0.93	2.28	32,764	30,407	579,915	503,933
2023-03-14	$73.00	$80.00	41.4%	11.8%	28.0%	12.3%	43.2%	6.3%	-0.2%	-24.8M	747.7M	-10.9M	0.88	1.66	25,447	22,289	588,698	509,981
2023-03-15	$73.47	$80.00	43.0%	12.2%	26.0%	15.7%	42.2%	7.0%	-0.6%	-22.6M	652.4M	-11.0M	1.27	2.02	21,279	27,059	596,719	512,453
2023-03-16	$74.37	$80.00	39.2%	11.0%	26.5%	7.7%	39.0%	6.2%	-1.1%	-25.0M	545.8M	-10.9M	0.90	1.98	29,529	26,699	600,983	515,586
2023-03-17	$73.02	$80.00	42.3%	12.1%	27.1%	14.0%	42.0%	7.2%	0.3%	-12.1M	775.4M	-10.7M	1.30	2.92	31,769	41,361	611,520	520,903
2023-03-20	$72.98	$77.50	40.8%	11.7%	24.2%	11.1%	40.7%	6.7%	3.2%	-6.1M	476.8M	-10.6M	1.13	1.80	28,056	31,740	504,379	424,651
2023-03-21	$76.75	$77.50	38.5%	11.0%	29.9%	6.1%	38.5%	6.2%	3.5%	6.4M	62.1M	-11.3M	0.79	1.91	42,265	33,453	515,539	443,121
2023-03-22	$75.18	$77.50	40.3%	11.6%	30.8%	10.0%	40.5%	7.3%	3.5%	3.3M	234.1M	-11.3M	1.18	3.02	35,399	41,708	529,764	455,565
2023-03-23	$72.30	$77.50	43.8%	12.4%	33.8%	17.2%	44.2%	7.2%	3.2%	-11.1M	600.8M	-11.0M	1.12	2.32	64,429	72,393	542,737	472,390
2023-03-24	$73.71	$77.50	42.6%	11.9%	33.4%	14.7%	42.6%	7.2%	2.8%	-5.2M	425.4M	-11.5M	1.07	1.93	40,244	42,903	559,156	497,931
2023-03-27	$73.57	$77.50	42.6%	11.5%	33.3%	14.8%	40.4%	7.0%	5.1%	-5.6M	427.3M	-11.2M	0.69	2.26	27,922	19,291	537,831	474,455
2023-03-28	$72.34	$77.00	43.0%	11.3%	33.8%	15.6%	39.5%	6.5%	4.6%	-10.4M	575.4M	-10.9M	0.83	2.55	24,560	20,366	547,813	481,262
2023-03-29	$74.20	$77.00	40.9%	10.6%	35.1%	11.1%	37.1%	6.5%	4.7%	-1.3M	336.9M	-11.2M	1.01	1.92	32,235	32,499	555,840	489,461
2023-03-30	$74.35	$77.00	41.9%	10.7%	35.0%	13.2%	37.5%	6.2%	4.9%	1.3M	314.7M	-11.2M	0.66	2.37	28,344	18,741	561,972	493,212
2023-03-31	$75.53	$77.00	40.9%	10.2%	34.2%	11.2%	36.4%	5.9%	5.4%	10.6M	130.8M	-11.4M	0.76	4.48	33,463	25,472	569,449	499,837