PYPL Options History — June 2023

In June 2023, PYPL traded between $63.00 and $68.94. ATM implied volatility averaged 31.6%, placing in the 2.1% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 1.6% (HV 20d: 33.2%). Max pain ranged from $65.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.42.

Notable Days

2023-06-20: Highest Volume — 422,133 contracts
2023-06-20: Largest IV spike — 6.8% change
2023-06-20: Highest IV Rank — 6.5%
2023-06-01: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$65.54	$63.00	$68.94	$63.00	$66.78
Max Pain	$65.00	$65.00	$65.00	$65.00	$65.00
ATM IV	31.6%	30.4%	33.6%	33.6%	31.4%
Expected Move	9.1%	8.2%	10.0%	10.0%	8.2%
HV 20d	33.2%	22.1%	61.7%	61.3%	22.3%
HV 60d	42.0%	40.9%	43.1%	43.0%	41.1%
IV Rank	2.1%	0.0%	6.5%	2.8%	2.2%
IV Percentile	2.2%	0.0%	6.0%	2.0%	3.2%
Term Structure	2.0%	-0.5%	6.8%	-0.5%	4.7%
VWIV	33.2%	29.7%	36.5%	36.5%	29.7%
Skew 25d	0.1%	-1.4%	2.2%	2.2%	-1.1%
Skew 10d	0.0%	-3.9%	3.0%	2.8%	0.3%
Call IV 25d	32.7%	31.1%	35.3%	33.5%	31.6%
Put IV 25d	32.8%	30.6%	35.7%	35.7%	30.6%
Bid-Ask Spread %	2.00	1.62	2.48	1.74	2.04
Gamma HHI	0.08	0.05	0.37	0.07	0.11
Net GEX	41.0M	15.4M	111.2M	36.6M	56.9M
Net DEX	-314.0M	-946.2M	65.8M	19.0M	-440.0M
Net VEX	-12.7M	-13.7M	-12.0M	-12.0M	-13.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.19	0.81	0.40	0.36
Total Volume	164,934.667	42,664	422,133	179,010	161,283
Total OI	1,512,200.524	1,361,956	1,625,962	1,540,752	1,485,449

Daily Data (21 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
2023-06-01	$63.00	$65.00	33.6%	10.0%	61.3%	2.8%	36.5%	2.2%	-0.5%	36.6M	19.0M	-12.0M	0.40	1.74	127,919	51,091	978,056	562,696
2023-06-02	$63.97	$65.00	31.4%	9.2%	61.7%	0.0%	33.6%	2.0%	-0.4%	111.2M	-162.5M	-12.1M	0.41	1.62	124,278	50,770	994,058	571,840
2023-06-05	$64.53	$65.00	32.0%	9.5%	59.2%	1.3%	33.8%	1.5%	0.6%	30.4M	-179.7M	-12.2M	0.38	1.89	121,912	45,723	939,431	539,436
2023-06-06	$65.03	$65.00	31.5%	9.3%	59.1%	0.4%	32.9%	1.5%	0.6%	40.3M	-313.3M	-12.5M	0.47	1.76	89,303	42,172	982,086	553,541
2023-06-07	$64.13	$65.00	31.9%	9.3%	33.8%	1.3%	33.7%	0.9%	0.3%	31.5M	-123.3M	-12.2M	0.81	1.90	38,658	31,215	984,421	560,125
2023-06-08	$64.16	$65.00	30.4%	9.0%	30.6%	0.0%	33.2%	0.6%	1.2%	33.7M	-104.9M	-12.1M	0.32	2.28	32,242	10,422	1,014,776	578,053
2023-06-09	$63.64	$65.00	30.4%	9.2%	30.5%	0.0%	35.0%	-0.3%	0.6%	15.4M	51.2M	-12.0M	0.45	2.09	72,780	33,111	1,039,668	586,294
2023-06-12	$63.78	$65.00	31.6%	9.3%	26.9%	2.7%	35.1%	0.3%	0.7%	21.5M	-108.5K	-12.1M	0.19	1.90	204,365	38,455	987,715	556,199
2023-06-13	$63.52	$65.00	30.7%	9.0%	26.7%	0.8%	34.6%	-0.8%	0.8%	18.3M	65.8M	-12.0M	0.40	2.15	91,303	36,295	995,000	566,651
2023-06-14	$63.66	$65.00	31.0%	9.2%	25.2%	1.3%	35.0%	-1.4%	1.1%	23.4M	-19.4M	-12.3M	0.51	2.48	135,804	68,964	1,020,071	576,988
2023-06-15	$65.91	$65.00	31.9%	9.3%	27.7%	3.3%	33.8%	-0.6%	0.7%	57.7M	-571.7M	-12.9M	0.36	2.08	172,998	62,969	1,039,247	585,373
2023-06-16	$66.62	$65.00	31.2%	9.1%	27.7%	1.9%	33.4%	-1.0%	0.7%	50.6M	-669.6M	-13.0M	0.29	2.08	193,540	55,299	1,027,310	598,566
2023-06-20	$68.94	$65.00	33.3%	9.6%	29.4%	6.5%	34.3%	-1.2%	2.9%	58.7M	-946.2M	-13.5M	0.24	2.00	340,575	81,558	848,563	513,393
2023-06-21	$68.30	$65.00	31.2%	9.0%	27.9%	1.9%	32.4%	0.1%	3.7%	61.0M	-777.5M	-13.4M	0.37	2.18	156,196	57,401	880,559	537,648
2023-06-22	$68.41	$65.00	31.7%	8.9%	27.1%	2.9%	32.2%	-0.7%	3.7%	72.7M	-847.4M	-13.7M	0.43	1.96	91,046	38,909	913,384	551,579
2023-06-23	$67.09	$65.00	32.0%	8.9%	28.3%	3.5%	31.8%	0.2%	2.9%	40.6M	-499.0M	-13.4M	0.40	1.87	131,419	52,258	920,530	561,213
2023-06-26	$66.66	$65.00	32.4%	8.8%	24.0%	4.4%	32.1%	0.5%	6.8%	29.4M	-356.7M	-13.2M	0.40	1.86	61,029	24,693	860,917	531,766
2023-06-27	$66.30	$65.00	31.3%	8.7%	24.2%	1.9%	31.3%	0.2%	4.8%	27.0M	-276.6M	-12.9M	0.54	2.19	60,306	32,569	878,224	538,906
2023-06-28	$66.03	$65.00	31.3%	8.6%	22.1%	2.0%	31.5%	-0.3%	1.8%	23.6M	-232.2M	-13.0M	0.63	2.04	65,581	41,515	890,869	551,484
2023-06-29	$65.81	$65.00	31.9%	8.6%	22.2%	3.3%	31.5%	0.3%	3.7%	21.5M	-210.2M	-13.0M	0.43	1.96	95,047	40,655	904,700	549,426
2023-06-30	$66.78	$65.00	31.4%	8.2%	22.3%	2.2%	29.7%	-1.1%	4.7%	56.9M	-440.0M	-13.3M	0.36	2.04	118,767	42,516	928,590	556,859