PYPL Options History — December 2023

In December 2023, PYPL traded between $57.67 and $63.16. ATM implied volatility averaged 32.6%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 0.5% (HV 20d: 33.1%). Max pain ranged from $52.50 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.34.

Notable Days

2023-12-14: Highest Volume — 285,792 contracts
2023-12-14: Largest IV spike — 4.6% change
2023-12-29: Highest IV Rank — 27.5%
2023-12-07: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.82	$57.67	$63.16	$59.61	$61.36
Max Pain	$59.63	$52.50	$60.00	$52.50	$60.00
ATM IV	32.6%	29.3%	35.4%	29.3%	35.4%
Expected Move	9.3%	8.9%	9.7%	8.9%	9.1%
HV 20d	33.1%	30.5%	35.3%	32.7%	32.5%
HV 60d	33.3%	32.4%	34.3%	32.5%	33.3%
IV Rank	19.0%	8.7%	27.5%	8.7%	27.5%
IV Percentile	29.6%	10.3%	43.3%	10.3%	43.3%
Term Structure	1.4%	-0.3%	7.1%	0.3%	7.1%
VWIV	33.5%	31.2%	34.9%	31.9%	33.6%
Skew 25d	-0.6%	-1.8%	0.4%	-0.1%	-0.8%
Skew 10d	-1.8%	-3.8%	0.6%	-0.9%	-2.7%
Call IV 25d	33.8%	30.3%	35.1%	30.3%	34.4%
Put IV 25d	33.2%	30.2%	35.0%	30.2%	33.6%
Bid-Ask Spread %	1.35	1.03	2.09	2.09	1.37
Gamma HHI	0.06	0.05	0.12	0.11	0.05
Net GEX	46.0M	16.1M	70.3M	50.6M	29.9M
Net DEX	-1.20B	-1.74B	-594.7M	-1.12B	-972.8M
Net VEX	-15.7M	-16.5M	-14.1M	-14.4M	-16.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.25	0.49	0.34	0.25
Total Volume	160,146.95	94,253	285,792	186,878	207,548
Total OI	2,041,433.2	1,900,969	2,197,537	2,015,301	2,054,782

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
2023-12-01	$59.61	$52.50	29.3%	8.9%	32.7%	8.7%	31.9%	-0.1%	0.3%	50.6M	-1.12B	-14.4M	0.34	2.09	139,622	47,256	1,312,735	702,566
2023-12-04	$59.80	$60.00	30.5%	8.9%	32.0%	12.4%	31.2%	-0.1%	0.5%	36.8M	-1.09B	-14.6M	0.36	1.35	96,850	35,011	1,295,607	682,726
2023-12-05	$57.67	$60.00	31.9%	9.3%	33.1%	16.7%	33.4%	0.4%	0.4%	16.1M	-594.7M	-14.1M	0.36	1.32	150,500	53,594	1,313,164	692,210
2023-12-06	$59.41	$60.00	32.2%	9.4%	34.5%	17.9%	33.5%	-0.4%	0.5%	40.3M	-1.12B	-15.2M	0.30	1.79	183,069	54,790	1,365,955	705,131
2023-12-07	$58.39	$60.00	33.4%	9.7%	35.3%	21.6%	34.5%	-0.9%	1.1%	26.3M	-835.1M	-15.1M	0.49	1.33	116,157	56,509	1,391,050	713,076
2023-12-08	$58.84	$60.00	32.0%	9.3%	34.4%	17.2%	33.0%	-0.9%	0.7%	33.4M	-968.8M	-15.4M	0.39	1.03	108,598	42,625	1,420,460	731,407
2023-12-11	$59.19	$60.00	32.6%	9.3%	34.3%	19.0%	33.9%	-0.3%	-0.1%	36.1M	-1.04B	-15.4M	0.46	1.05	64,776	29,477	1,386,020	703,444
2023-12-12	$58.78	$60.00	31.2%	9.0%	34.3%	14.7%	31.8%	-0.1%	0.0%	32.8M	-928.8M	-15.0M	0.47	1.03	71,803	33,878	1,402,756	710,038
2023-12-13	$61.44	$60.00	31.4%	9.0%	34.9%	15.2%	31.8%	-1.0%	-0.0%	66.1M	-1.65B	-15.9M	0.34	1.41	133,032	44,841	1,425,826	723,440
2023-12-14	$61.83	$60.00	32.8%	9.4%	33.8%	19.7%	34.2%	-1.8%	-0.3%	70.3M	-1.74B	-16.0M	0.28	1.24	223,821	61,971	1,430,649	728,918
2023-12-15	$61.09	$60.00	32.8%	9.4%	33.0%	19.6%	34.6%	-1.5%	-0.3%	61.7M	-1.49B	-15.9M	0.30	1.18	138,028	41,236	1,452,270	745,267
2023-12-18	$61.50	$60.00	32.5%	9.3%	32.8%	18.7%	34.1%	-0.9%	1.1%	41.7M	-1.12B	-16.0M	0.25	1.39	81,893	20,207	1,294,496	606,473
2023-12-19	$63.14	$60.00	32.6%	9.3%	33.7%	19.1%	33.9%	-1.2%	0.9%	61.7M	-1.55B	-16.5M	0.27	1.43	139,418	37,560	1,321,270	615,440
2023-12-20	$62.14	$60.00	33.6%	9.6%	32.5%	22.0%	34.9%	-0.7%	1.0%	52.2M	-1.27B	-16.4M	0.36	1.50	138,968	50,340	1,335,456	627,183
2023-12-21	$62.11	$60.00	33.6%	9.6%	32.4%	22.1%	34.7%	-0.5%	0.8%	51.3M	-1.23B	-16.4M	0.30	1.25	82,721	24,974	1,344,187	635,084
2023-12-22	$61.81	$60.00	33.2%	9.4%	32.3%	20.8%	34.6%	-0.5%	0.7%	53.9M	-1.15B	-16.3M	0.35	1.45	88,611	30,911	1,364,100	641,591
2023-12-26	$62.64	$60.00	33.9%	9.5%	32.2%	23.0%	34.6%	-0.1%	4.8%	48.9M	-1.31B	-16.2M	0.27	1.29	74,383	19,894	1,330,750	610,690
2023-12-27	$62.47	$60.00	33.2%	9.3%	30.7%	20.9%	33.3%	-0.7%	5.1%	50.0M	-1.27B	-16.2M	0.34	1.38	115,760	39,908	1,357,251	621,980
2023-12-28	$63.16	$60.00	34.0%	9.2%	30.5%	23.5%	33.5%	-0.8%	4.2%	59.7M	-1.47B	-16.4M	0.39	1.20	87,983	34,416	1,406,213	627,003
2023-12-29	$61.36	$60.00	35.4%	9.1%	32.5%	27.5%	33.6%	-0.8%	7.1%	29.9M	-972.8M	-16.2M	0.25	1.37	166,450	41,098	1,421,432	633,350