PYPL Options History — May 2023

In May 2023, PYPL traded between $59.55 and $75.77. ATM implied volatility averaged 37.1%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 15.0% (HV 20d: 52.1%). Max pain ranged from $65.00 to $77.50. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2023-05-10: Highest Volume — 649,305 contracts
  • 2023-05-09: Largest IV drop — 22.3% change
  • 2023-05-04: Highest IV Rank — 29.9%
  • 2023-05-03: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.19$59.55$75.77$75.22$62.19
Max Pain$70.45$65.00$77.50$75.00$65.00
ATM IV37.1%32.3%47.6%41.6%35.6%
Expected Move10.9%9.3%15.0%13.3%10.7%
HV 20d52.1%25.8%62.0%25.8%60.9%
HV 60d39.2%30.7%43.2%30.7%43.2%
IV Rank8.0%0.0%29.9%15.2%7.6%
IV Percentile8.5%0.0%40.9%12.3%6.0%
Term Structure-0.4%-1.8%1.4%-0.9%-0.5%
VWIV38.2%32.9%52.0%46.0%38.6%
Skew 25d4.1%2.6%6.9%5.7%2.6%
Skew 10d6.3%3.3%11.7%10.2%3.3%
Call IV 25d35.7%31.4%44.7%38.2%35.1%
Put IV 25d39.8%34.6%51.6%43.9%37.7%
Bid-Ask Spread %2.071.138.382.321.69
Gamma HHI0.080.050.250.050.06
Net GEX-2.7M-48.0M38.6M2.9M24.7M
Net DEX691.2M-12.5M1.52B111.6M187.8M
Net VEX-10.2M-12.0M-8.4M-10.4M-12.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.201.891.070.45
Total Volume208,615.81838,993649,30541,805181,095
Total OI1,348,828.5451,031,1081,574,5291,031,1081,538,763

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$75.22$75.0041.6%13.3%25.8%15.2%46.0%5.7%-0.9%2.9M111.6M-10.4M1.072.3220,23621,569556,642474,466
2023-05-02$72.34$75.0044.8%14.5%29.2%22.9%50.2%6.7%-1.2%-13.1M492.6M-10.1M0.871.7232,94928,551561,988481,840
2023-05-03$71.60$75.0044.8%15.0%29.4%23.0%52.0%6.5%-1.8%-17.3M589.5M-9.9M1.892.0223,84445,149567,727489,276
2023-05-04$71.81$77.5047.6%13.1%29.0%29.9%43.7%6.9%-1.8%-16.0M542.9M-10.2M0.801.6829,07023,210573,619500,732
2023-05-05$74.97$77.5044.5%12.4%32.4%22.2%42.6%6.0%-1.3%38.6M86.4M-10.5M0.721.3549,76135,866580,882506,610
2023-05-08$75.77$77.5045.6%12.7%32.5%24.9%44.7%3.5%-0.4%2.3M-12.5M-10.5M0.642.03149,70295,597562,132481,633
2023-05-09$66.00$77.5035.4%10.6%59.1%0.0%36.4%3.6%1.4%-48.0M1.40B-8.4M0.671.48357,916240,171648,840535,870
2023-05-10$63.39$75.0035.5%10.3%60.3%0.3%34.0%3.5%0.5%-40.2M1.52B-8.8M1.261.38287,511361,794791,862577,394
2023-05-11$63.98$70.0034.4%9.8%59.5%0.0%35.0%3.6%-0.2%-15.4M1.07B-9.7M0.561.43181,871101,485897,798580,632
2023-05-12$61.53$70.0034.8%10.0%59.7%1.0%35.4%3.9%0.1%-17.2M1.46B-9.2M0.511.41213,512109,714941,002598,723
2023-05-15$62.25$70.0033.8%9.7%60.0%0.0%33.9%4.5%-0.1%-2.1M1.01B-9.7M0.451.23151,37267,491853,617555,549
2023-05-16$60.86$70.0034.7%10.0%60.2%2.2%34.8%3.8%-1.2%-10.2M1.10B-9.4M0.521.13133,49568,815886,449547,355
2023-05-17$61.34$67.5032.5%9.3%60.5%0.0%32.9%3.3%-0.0%3.4M870.0M-9.9M1.201.23138,468165,810939,143548,602
2023-05-18$61.22$67.5033.0%9.5%60.4%1.1%33.1%3.4%-0.9%3.3M816.0M-10.1M0.531.23142,51776,187967,439550,547
2023-05-19$60.91$67.5032.7%9.5%60.2%0.4%33.1%2.9%-1.1%11.4M832.8M-10.3M0.471.21112,40552,5141,011,625562,904
2023-05-22$63.03$67.5032.3%9.4%62.0%0.0%33.4%3.1%0.2%23.3M263.0M-10.9M0.473.84104,31748,950870,128516,709
2023-05-23$62.11$65.0033.4%9.8%61.3%2.6%34.7%3.6%0.2%13.8M474.3M-10.9M0.203.9061,80912,357895,332537,062
2023-05-24$61.84$65.0033.9%9.9%61.3%3.7%35.0%3.7%0.1%9.7M489.5M-11.1M1.238.3817,51121,482924,117548,708
2023-05-25$59.55$65.0035.1%10.4%60.5%6.4%37.4%3.6%-0.0%-18.3M894.7M-10.4M0.391.52159,64062,063936,645554,499
2023-05-26$60.11$65.0034.3%10.0%59.8%4.5%35.4%3.4%0.3%-10.8M731.9M-10.9M0.391.68142,63155,315978,128563,864
2023-05-30$62.09$65.0035.9%10.9%61.8%8.2%38.9%3.0%-0.5%15.5M261.3M-11.7M0.351.73150,89352,933932,470544,905
2023-05-31$62.19$65.0035.6%10.7%60.9%7.6%38.6%2.6%-0.5%24.7M187.8M-12.0M0.451.69124,94156,154977,313561,450