PYPL Options History — April 2023

In April 2023, PYPL traded between $71.88 and $77.00. ATM implied volatility averaged 43.5%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 14.4% (HV 20d: 29.1%). Max pain ranged from $72.50 to $77.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.95.

Notable Days

  • 2023-04-19: Highest Volume — 121,955 contracts
  • 2023-04-06: Largest IV drop — 8.9% change
  • 2023-04-12: Highest IV Rank — 23.9%
  • 2023-04-26: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.59$71.88$77.00$75.22$75.75
Max Pain$75.05$72.50$77.00$77.00$75.00
ATM IV43.5%40.6%47.0%44.2%40.8%
Expected Move12.2%10.5%13.4%10.5%12.6%
HV 20d29.1%22.0%34.0%34.0%26.2%
HV 60d31.4%30.8%31.9%31.4%31.4%
IV Rank16.7%10.5%23.9%18.0%11.0%
IV Percentile18.1%7.5%32.9%18.7%7.9%
Term Structure-0.9%-2.2%3.8%0.3%-1.2%
VWIV42.7%36.7%46.3%37.3%44.0%
Skew 25d5.9%5.0%7.0%6.2%5.6%
Skew 10d10.0%8.1%12.0%11.1%9.8%
Call IV 25d41.1%37.5%44.7%42.5%38.6%
Put IV 25d47.0%43.4%51.1%48.7%44.2%
Bid-Ask Spread %2.591.516.446.441.72
Gamma HHI0.050.040.080.040.06
Net GEX201.2K-16.2M26.4M-83.4K14.6M
Net DEX293.3M-116.8M596.9M252.3M-16.7M
Net VEX-10.8M-11.4M-10.1M-11.3M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.332.230.860.58
Total Volume71,661.36847,055121,95547,05571,164
Total OI1,097,371.8421,022,0961,176,3111,022,0961,089,654

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$75.22$77.0044.2%10.5%34.0%18.0%37.3%6.2%0.3%-83.4K252.3M-11.3M0.866.4425,23821,817543,807478,289
2023-04-04$74.84$77.0045.0%10.5%32.6%19.7%37.4%6.7%0.1%-1.7M298.3M-11.2M2.235.9419,78344,037549,392487,670
2023-04-05$73.66$77.0046.0%10.5%32.8%21.8%36.7%6.7%-0.1%-9.7M486.6M-10.9M0.905.8826,86324,281554,766498,811
2023-04-06$74.94$75.0041.9%12.5%33.4%13.2%43.8%5.8%3.8%-1.5M313.5M-11.2M0.592.6055,32632,805561,367510,130
2023-04-10$74.53$72.5045.6%13.0%30.9%21.0%45.1%7.0%-1.5%-6.5M363.9M-11.1M0.772.0630,31723,427562,108503,329
2023-04-11$73.63$72.5046.1%13.2%31.2%22.0%45.0%5.7%-1.0%-11.1M493.7M-10.9M0.331.6572,17923,791575,783517,328
2023-04-12$73.68$75.0047.0%13.3%31.2%23.9%44.9%6.0%-0.7%-8.0M462.2M-11.0M0.771.8868,43052,991596,364523,494
2023-04-13$75.47$75.0046.1%12.8%32.2%22.0%44.6%5.7%-1.8%15.9M132.0M-11.3M0.542.1737,12720,041622,145527,766
2023-04-14$76.69$75.0043.4%12.0%32.5%16.4%44.2%5.0%-2.2%26.4M-116.8M-11.4M0.811.9149,83340,389630,635529,557
2023-04-17$77.00$75.0043.1%12.1%31.6%15.7%42.5%5.2%-0.8%20.1M-81.9M-11.2M0.602.3339,73823,761610,867517,587
2023-04-18$76.47$75.0041.5%11.8%31.8%12.5%41.6%5.6%-0.5%17.3M39.4M-11.1M0.741.6528,77621,404619,182522,559
2023-04-19$75.43$75.0041.2%11.8%26.6%11.8%41.6%5.2%-1.5%6.5M215.3M-10.8M1.982.0740,89981,056627,421525,304
2023-04-20$73.66$75.0042.6%12.3%27.0%14.7%43.0%5.9%-2.2%-15.3M511.4M-10.5M1.011.9530,71030,915633,380531,172
2023-04-21$73.88$75.0040.6%11.7%22.9%10.5%41.7%5.3%-0.6%-9.0M473.5M-10.4M0.881.8033,09229,027639,487536,824
2023-04-24$74.35$75.0041.4%12.3%22.0%12.2%42.0%5.9%-1.4%-2.4M304.1M-10.4M0.831.5127,94523,266555,546473,533
2023-04-25$71.88$75.0044.1%13.2%25.1%18.0%44.8%6.3%-1.6%-16.2M596.9M-10.1M0.762.1437,36028,557566,615479,989
2023-04-26$71.95$75.0044.4%13.4%24.4%18.6%46.3%6.6%-1.8%-15.8M580.7M-10.1M2.021.5626,58953,603581,060487,736
2023-04-27$74.09$75.0042.3%12.8%25.0%14.1%44.0%5.7%-1.5%528.9K264.6M-10.4M0.771.9436,76528,264586,168493,240
2023-04-28$75.75$75.0040.8%12.6%26.2%11.0%44.0%5.6%-1.2%14.6M-16.7M-10.5M0.581.7244,99926,165594,678494,976