PYPL Options History — August 2023

In August 2023, PYPL traded between $58.70 and $75.59. ATM implied volatility averaged 33.3%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 19.4% (HV 20d: 52.6%). Max pain ranged from $60.00 to $70.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.52.

Notable Days

2023-08-03: Highest Volume — 640,709 contracts
2023-08-03: Largest IV drop — 33.9% change
2023-08-02: Highest IV Rank — 52.4%
2023-08-02: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.87	$58.70	$75.59	$75.59	$62.59
Max Pain	$63.65	$60.00	$70.00	$69.00	$60.00
ATM IV	33.3%	28.2%	51.3%	49.8%	28.2%
Expected Move	9.7%	7.5%	18.0%	16.9%	7.5%
HV 20d	52.6%	28.4%	58.4%	28.4%	34.1%
HV 60d	40.3%	38.7%	48.5%	41.4%	39.7%
IV Rank	8.0%	0.0%	52.4%	48.6%	0.0%
IV Percentile	12.3%	0.0%	75.4%	73.4%	0.0%
Term Structure	0.1%	-3.7%	1.4%	-3.6%	0.7%
VWIV	34.9%	27.5%	63.9%	60.2%	27.7%
Skew 25d	1.3%	-0.8%	2.9%	-0.8%	1.6%
Skew 10d	1.1%	-3.0%	3.5%	-2.3%	2.2%
Call IV 25d	33.4%	28.1%	52.0%	50.2%	28.1%
Put IV 25d	34.7%	29.7%	51.3%	49.4%	29.7%
Bid-Ask Spread %	1.43	1.01	2.57	1.74	1.54
Gamma HHI	0.06	0.04	0.08	0.06	0.05
Net GEX	6.9M	-22.6M	45.0M	42.4M	35.1M
Net DEX	-29.0M	-1.47B	771.4M	-1.47B	-548.7M
Net VEX	-15.0M	-16.2M	-12.9M	-16.2M	-15.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.31	0.89	0.49	0.59
Total Volume	201,542.522	86,711	640,709	187,292	86,711
Total OI	1,897,998.435	1,470,561	2,059,439	1,470,561	2,059,439

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
2023-08-01	$75.59	$69.00	49.8%	16.9%	28.4%	48.6%	60.2%	-0.8%	-3.6%	42.4M	-1.47B	-16.2M	0.49	1.74	125,874	61,418	934,154	536,407
2023-08-02	$73.23	$67.50	51.3%	18.0%	31.3%	52.4%	63.9%	-0.7%	-3.7%	36.0M	-1.23B	-16.1M	0.58	2.00	179,809	104,020	995,653	569,236
2023-08-03	$64.44	$70.00	33.9%	9.5%	54.6%	8.9%	35.2%	0.4%	-0.9%	-20.9M	650.3M	-12.9M	0.55	1.31	413,877	226,832	1,054,955	621,800
2023-08-04	$62.72	$70.00	32.8%	9.4%	55.1%	6.0%	34.0%	0.1%	-0.5%	-22.6M	771.4M	-13.5M	0.59	1.58	192,965	114,295	1,170,534	664,874
2023-08-07	$64.35	$67.50	32.8%	9.5%	54.7%	6.0%	35.1%	0.5%	0.5%	-1.7M	169.6M	-14.5M	0.36	1.32	224,318	81,376	1,099,381	620,783
2023-08-08	$63.42	$65.00	32.6%	9.6%	54.0%	5.5%	34.9%	0.7%	0.9%	2.2M	174.5M	-14.7M	0.41	1.27	114,406	46,491	1,192,858	641,157
2023-08-09	$62.14	$65.00	32.3%	9.4%	54.2%	4.8%	34.1%	0.9%	0.7%	-8.1M	351.3M	-14.7M	0.63	1.28	101,101	63,426	1,236,317	649,579
2023-08-10	$62.75	$65.00	31.4%	9.2%	53.2%	2.7%	33.1%	1.2%	0.8%	198.6K	165.0M	-14.9M	0.57	1.17	81,725	46,320	1,261,496	649,040
2023-08-11	$61.67	$65.00	30.4%	8.8%	53.4%	0.1%	32.7%	0.8%	0.6%	-19.5M	451.3M	-14.2M	0.41	1.39	113,498	46,303	1,276,609	662,797
2023-08-14	$63.30	$65.00	30.1%	8.7%	53.8%	0.0%	31.4%	1.4%	0.3%	7.5M	-54.1M	-14.9M	0.41	1.16	136,571	55,800	1,230,754	630,682
2023-08-15	$59.55	$65.00	33.1%	9.5%	56.6%	7.4%	34.3%	1.9%	0.4%	-21.2M	676.5M	-13.8M	0.45	1.39	217,698	98,246	1,265,925	638,170
2023-08-16	$59.64	$62.50	31.8%	9.1%	56.6%	4.2%	32.7%	1.7%	0.6%	-13.6M	532.1M	-14.2M	0.89	1.08	109,870	97,526	1,333,213	649,831
2023-08-17	$58.70	$62.50	33.5%	9.6%	56.6%	8.4%	33.9%	2.1%	-0.1%	-17.9M	655.9M	-14.3M	0.64	1.17	126,463	81,527	1,365,099	651,362
2023-08-18	$59.50	$62.50	32.8%	9.3%	57.1%	6.5%	34.1%	2.2%	0.9%	-7.2M	433.0M	-14.9M	0.59	1.01	124,332	73,322	1,393,334	661,868
2023-08-21	$59.67	$62.50	32.2%	9.1%	56.8%	5.1%	32.7%	2.3%	0.4%	-3.9M	252.2M	-15.0M	0.31	1.53	141,632	43,935	1,258,574	616,264
2023-08-22	$60.95	$60.00	33.2%	9.4%	57.9%	7.5%	34.7%	2.4%	0.4%	14.6M	-154.1M	-15.9M	0.37	1.53	152,641	55,726	1,319,462	632,709
2023-08-23	$61.91	$60.00	32.2%	9.1%	58.4%	5.1%	32.7%	2.0%	0.4%	25.7M	-432.7M	-16.2M	0.49	1.37	109,852	53,491	1,346,514	648,817
2023-08-24	$60.95	$60.00	32.3%	9.0%	58.2%	5.3%	31.9%	2.9%	0.6%	17.5M	-172.4M	-15.9M	0.56	1.42	57,561	32,490	1,373,386	654,391
2023-08-25	$61.33	$60.00	30.2%	8.3%	57.0%	0.1%	29.4%	1.6%	0.8%	21.9M	-255.1M	-15.7M	0.45	1.34	84,571	38,264	1,383,953	655,657
2023-08-28	$61.66	$60.00	30.3%	8.3%	55.9%	0.4%	29.3%	2.0%	0.6%	15.8M	-291.1M	-15.6M	0.46	1.37	62,212	28,876	1,354,929	635,692
2023-08-29	$62.61	$60.00	28.9%	7.8%	56.5%	0.0%	27.9%	1.9%	0.6%	32.5M	-565.8M	-15.8M	0.69	1.28	64,903	44,926	1,375,391	644,103
2023-08-30	$63.38	$60.00	28.6%	7.6%	56.4%	0.0%	27.5%	1.6%	1.4%	45.0M	-771.9M	-16.1M	0.59	2.57	74,500	43,778	1,385,722	651,093
2023-08-31	$62.59	$60.00	28.2%	7.5%	34.1%	0.0%	27.7%	1.6%	0.7%	35.1M	-548.7M	-15.8M	0.59	1.54	54,687	32,024	1,403,425	656,014