PYPL Options History — July 2023

In July 2023, PYPL traded between $66.18 and $75.73. ATM implied volatility averaged 43.0%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 15.7% (HV 20d: 27.3%). Max pain ranged from $65.00 to $67.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.38.

Notable Days

2023-07-13: Highest Volume — 284,222 contracts
2023-07-07: Largest IV spike — 11.7% change
2023-07-31: Highest IV Rank — 39.0%
2023-07-31: Largest Expected Move — 15.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.75	$66.18	$75.73	$68.37	$75.73
Max Pain	$66.38	$65.00	$67.50	$65.00	$67.50
ATM IV	43.0%	35.5%	46.0%	35.5%	46.0%
Expected Move	12.4%	8.4%	15.4%	8.4%	15.4%
HV 20d	27.3%	23.0%	29.9%	23.1%	29.0%
HV 60d	41.9%	41.1%	42.6%	41.3%	41.4%
IV Rank	28.5%	11.3%	39.0%	11.3%	39.0%
IV Percentile	36.9%	13.5%	56.3%	13.5%	56.3%
Term Structure	-1.0%	-2.6%	4.5%	4.0%	-2.1%
VWIV	44.5%	30.4%	55.7%	30.4%	55.7%
Skew 25d	-0.8%	-1.8%	1.0%	1.0%	-0.2%
Skew 10d	-2.3%	-5.1%	1.9%	0.6%	-1.6%
Call IV 25d	44.4%	36.2%	46.8%	36.2%	46.2%
Put IV 25d	43.6%	37.1%	46.0%	37.2%	46.0%
Bid-Ask Spread %	1.72	1.40	2.15	2.15	1.89
Gamma HHI	0.10	0.05	0.29	0.07	0.07
Net GEX	67.3M	26.3M	114.2M	55.1M	42.3M
Net DEX	-1.27B	-2.00B	-255.1M	-767.7M	-1.48B
Net VEX	-14.6M	-15.8M	-12.9M	-13.4M	-15.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.18	0.67	0.36	0.29
Total Volume	151,372.45	69,386	284,222	110,136	172,150
Total OI	1,520,739.3	1,428,667	1,654,148	1,433,754	1,430,530

Daily Data (20 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
2023-07-03	$68.37	$65.00	35.5%	8.4%	23.1%	11.3%	30.4%	1.0%	4.0%	55.1M	-767.7M	-13.4M	0.36	2.15	80,744	29,392	896,722	537,032
2023-07-05	$68.70	$65.00	36.7%	8.7%	23.0%	14.0%	31.2%	-1.6%	4.5%	61.3M	-829.9M	-13.4M	0.43	1.92	92,534	39,545	903,705	542,328
2023-07-06	$66.18	$65.00	38.7%	11.8%	27.1%	18.2%	43.3%	0.1%	3.5%	28.1M	-255.1M	-12.9M	0.29	1.85	152,704	44,065	919,587	554,684
2023-07-07	$67.03	$65.00	43.2%	11.7%	26.8%	28.2%	41.6%	-0.8%	-1.9%	114.2M	-545.0M	-13.4M	0.33	1.99	123,037	40,680	962,603	563,065
2023-07-10	$69.13	$65.00	44.4%	12.0%	28.6%	30.8%	42.9%	-0.1%	-1.7%	61.3M	-942.0M	-13.9M	0.26	1.65	156,523	40,251	942,642	554,886
2023-07-11	$70.56	$65.00	44.6%	12.1%	28.9%	31.3%	43.2%	-0.4%	-2.0%	72.4M	-1.24B	-14.1M	0.23	1.54	173,007	40,160	943,266	563,738
2023-07-12	$70.75	$65.00	43.4%	11.9%	28.8%	28.7%	41.9%	-0.9%	-2.1%	78.1M	-1.28B	-14.0M	0.35	1.64	132,254	46,728	960,413	578,141
2023-07-13	$72.59	$65.00	43.6%	12.0%	29.5%	29.1%	44.2%	-1.2%	-2.0%	95.0M	-1.80B	-14.4M	0.18	1.67	240,343	43,879	978,291	579,611
2023-07-14	$72.09	$65.00	43.3%	11.9%	29.9%	28.5%	42.5%	-1.0%	-2.6%	109.1M	-1.64B	-14.6M	0.27	1.82	140,147	37,455	1,011,225	593,425
2023-07-17	$73.55	$67.50	44.4%	12.5%	28.4%	31.3%	45.4%	-1.8%	-1.9%	78.7M	-1.81B	-15.0M	0.23	1.61	156,733	36,475	986,680	571,141
2023-07-18	$74.30	$67.50	44.2%	12.6%	28.4%	31.3%	45.1%	-1.4%	-1.8%	81.5M	-2.00B	-15.3M	0.28	1.60	92,621	26,185	1,008,912	583,483
2023-07-19	$74.34	$67.50	43.8%	12.6%	26.3%	30.4%	45.1%	-1.5%	-1.7%	80.6M	-2.00B	-15.3M	0.48	1.56	88,332	42,172	1,019,535	591,454
2023-07-20	$72.91	$67.50	43.8%	12.7%	27.2%	30.3%	46.1%	-1.8%	-1.9%	77.6M	-1.60B	-15.1M	0.61	1.63	92,456	56,698	1,030,638	604,063
2023-07-21	$72.81	$67.50	43.3%	12.6%	27.3%	29.1%	45.6%	-1.6%	-2.1%	105.7M	-1.60B	-15.1M	0.51	1.88	93,281	47,799	1,042,630	611,518
2023-07-24	$73.66	$67.50	43.2%	13.0%	26.1%	29.1%	47.2%	0.0%	-1.5%	41.4M	-1.20B	-15.1M	0.38	1.74	61,333	23,323	892,559	536,108
2023-07-25	$73.19	$67.50	44.0%	13.5%	26.0%	30.8%	47.7%	-0.3%	-1.5%	42.2M	-1.13B	-15.3M	0.41	1.52	49,211	20,175	911,025	540,977
2023-07-26	$73.47	$67.50	44.1%	13.7%	25.8%	31.0%	48.8%	-0.5%	-1.6%	46.6M	-1.18B	-15.2M	0.67	1.71	57,590	38,862	923,449	550,941
2023-07-27	$71.88	$67.50	45.0%	14.1%	27.3%	33.0%	51.3%	-1.0%	-2.3%	26.3M	-848.6M	-15.0M	0.47	1.66	77,229	36,259	926,916	562,427
2023-07-28	$73.85	$67.50	44.6%	14.2%	28.3%	35.7%	51.4%	-1.1%	-2.2%	49.3M	-1.23B	-15.3M	0.52	1.40	69,039	36,078	939,310	565,126
2023-07-31	$75.73	$67.50	46.0%	15.4%	29.0%	39.0%	55.7%	-0.2%	-2.1%	42.3M	-1.48B	-15.8M	0.29	1.89	133,788	38,362	901,993	528,537