PYPL Options History — November 2023

In November 2023, PYPL traded between $51.59 and $58.50. ATM implied volatility averaged 30.5%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 7.7% (HV 20d: 38.2%). Max pain ranged from $52.50 to $57.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2023-11-02: Highest Volume — 376,467 contracts
  • 2023-11-02: Largest IV drop — 38.9% change
  • 2023-11-01: Highest IV Rank — 57.5%
  • 2023-11-01: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.91$51.59$58.50$51.59$57.58
Max Pain$54.17$52.50$57.50$55.00$52.50
ATM IV30.5%27.5%50.8%50.8%29.1%
Expected Move9.0%7.9%18.0%18.0%8.8%
HV 20d38.2%28.0%41.4%28.0%37.4%
HV 60d31.0%29.0%32.4%29.0%31.8%
IV Rank11.1%3.3%57.5%57.5%8.0%
IV Percentile10.6%1.6%82.9%82.9%8.3%
Term Structure0.1%-2.4%0.7%-2.4%0.2%
VWIV32.0%28.0%62.8%62.8%32.2%
Skew 25d1.8%0.3%4.0%4.0%0.3%
Skew 10d2.4%-0.0%5.7%5.7%0.3%
Call IV 25d30.3%27.7%48.9%48.9%29.8%
Put IV 25d32.1%28.9%52.9%52.9%30.1%
Bid-Ask Spread %1.871.452.512.332.01
Gamma HHI0.060.040.080.050.05
Net GEX12.6M-5.1M36.0M-5.1M21.7M
Net DEX-198.7M-794.8M578.0M578.0M-554.4M
Net VEX-12.8M-13.7M-12.0M-12.0M-13.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.411.040.790.52
Total Volume160,852.28672,832376,467261,012103,244
Total OI1,962,865.3811,817,8332,076,9401,864,3751,989,527

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$51.59$55.0050.8%18.0%28.0%57.5%62.8%4.0%-2.4%-5.1M578.0M-12.0M0.792.33146,104114,9081,224,291640,084
2023-11-02$54.95$57.5031.1%9.2%37.1%10.8%33.2%2.3%0.4%14.9M28.3M-12.5M0.491.79251,834124,6331,307,469702,131
2023-11-03$56.16$57.5030.5%9.2%38.0%9.5%32.0%2.5%0.6%21.6M-319.0M-13.3M0.411.82136,26455,2531,353,019708,389
2023-11-06$54.59$57.5030.5%9.0%39.1%9.6%31.7%2.6%0.6%-1.6M145.1M-12.3M0.731.4594,39868,9881,278,163648,178
2023-11-07$54.75$57.5029.8%8.7%39.2%10.3%30.7%2.4%0.6%-84.2K84.9M-12.3M0.681.6445,68330,9801,306,821668,449
2023-11-08$55.22$57.5030.0%8.8%39.3%11.0%30.5%1.9%0.7%5.6M-44.8M-12.6M0.781.77149,080115,6551,314,808676,057
2023-11-09$54.20$55.0030.7%8.9%38.8%13.1%31.1%2.1%0.3%-3.9M157.6M-12.3M0.941.5775,38570,5111,348,192684,471
2023-11-10$54.73$55.0029.2%8.5%38.6%8.6%29.8%2.3%0.7%6.2M62.6M-12.4M0.871.5155,20148,1881,364,638702,131
2023-11-13$54.41$55.0029.9%8.6%37.7%10.5%28.5%2.6%0.6%-2.8M151.0M-12.3M1.041.7086,07889,7391,324,864670,315
2023-11-14$56.66$52.5028.6%8.2%40.6%6.5%30.2%2.1%0.3%22.1M-398.6M-12.8M0.631.8099,62663,1201,339,933680,470
2023-11-15$58.22$52.5030.3%8.7%40.8%11.8%30.7%1.0%-0.2%36.0M-794.8M-13.5M0.571.71103,90758,7271,342,344684,828
2023-11-16$56.92$52.5030.0%8.6%41.2%10.9%30.8%1.7%0.2%20.4M-419.6M-13.1M0.441.5674,23832,8101,352,767697,212
2023-11-17$56.53$52.5029.2%8.3%40.2%8.4%30.3%1.5%0.3%14.8M-305.3M-13.0M0.551.8963,08634,5801,370,739706,201
2023-11-20$56.92$52.5029.1%8.3%40.2%8.2%29.6%1.7%-0.4%20.3M-371.1M-13.0M0.592.1653,54231,3571,193,717624,116
2023-11-21$55.41$52.5029.0%8.3%41.4%8.0%29.9%1.6%-0.4%5.6M-48.5M-12.4M0.982.5176,05074,7831,212,324631,519
2023-11-22$56.23$52.5028.3%8.1%37.1%5.6%28.9%1.3%-0.0%13.7M-252.6M-12.8M0.692.0467,47246,2681,231,278645,553
2023-11-24$55.80$52.5027.5%7.9%37.3%3.3%28.0%1.2%-0.2%-3.5M-137.1M-12.5M0.752.0341,61831,2141,242,865655,557
2023-11-27$56.70$52.5028.2%8.3%35.8%5.3%29.5%1.2%0.3%16.0M-326.9M-12.7M0.512.0574,52238,2291,217,459644,336
2023-11-28$58.50$52.5029.5%8.8%36.8%9.4%31.2%0.4%0.2%31.8M-745.6M-13.4M0.432.05183,05579,2901,231,462647,239
2023-11-29$58.00$52.5028.8%8.6%37.2%7.2%31.5%0.4%0.2%30.2M-662.5M-13.7M0.441.94130,69557,5831,275,677680,580
2023-11-30$57.58$52.5029.1%8.8%37.4%8.0%32.2%0.3%0.2%21.7M-554.4M-13.6M0.522.0167,79335,4511,295,349694,178