PYPL Options History — February 2024

In February 2024, PYPL traded between $55.89 and $63.47. ATM implied volatility averaged 37.6%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 19.1% (HV 20d: 56.6%). Max pain ranged from $58.00 to $60.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.44.

Notable Days

  • 2024-02-08: Highest Volume — 746,480 contracts
  • 2024-02-08: Largest IV drop — 34.2% change
  • 2024-02-07: Highest IV Rank — 84.0%
  • 2024-02-07: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.89$55.89$63.47$61.89$60.19
Max Pain$59.60$58.00$60.00$60.00$59.00
ATM IV37.6%32.2%52.5%46.3%32.2%
Expected Move10.6%9.2%14.3%12.4%9.3%
HV 20d56.6%43.7%66.3%44.3%55.1%
HV 60d43.2%36.2%45.9%36.7%44.7%
IV Rank35.8%18.5%84.0%64.0%18.5%
IV Percentile50.1%27.0%93.7%81.7%27.0%
Term Structure-0.6%-2.4%0.5%-2.0%-0.9%
VWIV38.0%33.2%50.8%44.7%33.2%
Skew 25d-0.2%-1.7%0.4%-0.1%-0.1%
Skew 10d-1.5%-4.1%0.0%-1.0%-1.4%
Call IV 25d38.5%33.0%54.4%47.2%33.0%
Put IV 25d38.3%33.0%52.7%47.1%33.0%
Bid-Ask Spread %2.792.123.292.963.10
Gamma HHI0.050.040.070.040.05
Net GEX30.0M-29.3M48.1M37.9M42.9M
Net DEX-741.2M-1.46B605.8M-1.01B-866.8M
Net VEX-18.0M-19.5M-15.2M-18.2M-18.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.280.670.520.37
Total Volume195,114.3591,224746,480112,218101,773
Total OI2,012,643.151,844,2622,258,6981,928,3731,974,076

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$61.89$60.0046.3%12.4%44.3%64.0%44.7%-0.1%-2.0%37.9M-1.01B-18.2M0.522.9673,70238,5161,282,728645,645
2024-02-02$62.50$60.0047.4%12.8%44.4%67.8%45.5%-0.7%-2.4%38.6M-1.21B-18.7M0.352.9993,29933,0761,295,712660,414
2024-02-05$61.66$60.0047.8%13.0%44.1%69.1%47.2%-0.7%-2.0%34.6M-1.00B-18.1M0.393.0271,59328,1501,220,499623,763
2024-02-06$63.47$60.0049.3%13.5%44.1%73.8%48.1%-0.6%-1.9%48.1M-1.46B-19.0M0.532.73109,66658,1631,247,014635,133
2024-02-07$63.33$60.0052.5%14.3%43.7%84.0%50.8%-1.7%-2.4%45.9M-1.46B-19.5M0.673.14239,062161,2661,277,557659,460
2024-02-08$55.89$60.0034.5%9.9%62.8%26.0%35.9%-0.1%0.1%-29.3M605.8M-15.2M0.552.48481,654264,8261,359,243741,692
2024-02-09$58.64$60.0034.4%10.0%65.4%25.8%36.1%-1.1%0.5%16.6M-452.3M-17.7M0.482.77309,382149,9891,479,988778,710
2024-02-12$60.34$60.0035.3%10.1%66.3%28.4%36.5%-0.3%0.2%41.5M-952.0M-18.5M0.412.42180,27973,6881,389,936693,582
2024-02-13$58.17$60.0036.3%10.4%65.7%31.9%37.6%-0.1%0.1%17.2M-354.2M-18.1M0.452.98119,55953,6521,410,992717,625
2024-02-14$58.95$60.0034.3%9.8%65.4%25.2%35.1%0.1%0.4%28.7M-595.7M-18.3M0.422.33100,92842,5511,433,140729,217
2024-02-15$59.80$60.0034.5%9.9%64.0%25.9%35.8%0.3%0.1%43.1M-879.9M-18.6M0.342.12109,18136,5831,444,863734,461
2024-02-16$59.28$60.0034.2%9.8%60.0%24.9%35.3%-0.0%0.5%33.4M-720.7M-18.3M0.472.2790,54742,1761,452,930738,681
2024-02-20$58.58$60.0034.5%9.9%59.4%25.8%35.5%0.4%-0.3%19.5M-480.8M-17.6M0.343.2972,00524,5961,244,311665,911
2024-02-21$57.44$60.0034.1%9.7%59.3%24.5%34.7%-0.0%-0.5%9.9M-244.1M-17.2M0.552.9290,93349,8001,265,599674,659
2024-02-22$58.53$59.0033.2%9.4%59.5%21.7%34.1%-0.1%-0.3%25.0M-526.3M-17.6M0.443.2090,88039,6271,283,550691,113
2024-02-23$59.30$58.0032.3%9.2%57.9%18.9%33.2%-0.1%-0.2%38.6M-730.2M-17.9M0.282.83115,31332,4301,302,766704,471
2024-02-26$59.47$58.0033.1%9.5%57.5%21.4%33.5%0.2%-0.5%27.2M-696.0M-17.5M0.453.1387,21839,1411,245,941654,884
2024-02-27$60.11$59.0032.6%9.4%56.7%19.8%33.3%-0.1%0.3%38.0M-868.6M-17.9M0.512.4570,30935,5501,260,161669,220
2024-02-28$60.30$59.0032.5%9.4%56.6%19.5%33.2%0.1%-0.3%43.6M-916.2M-18.2M0.342.6468,28222,9421,281,169682,047
2024-02-29$60.19$59.0032.2%9.3%55.1%18.5%33.2%-0.1%-0.9%42.9M-866.8M-18.0M0.373.1074,12027,6531,288,175685,901