PYPL Options History — March 2024

In March 2024, PYPL traded between $58.13 and $67.03. ATM implied volatility averaged 33.4%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 0.3% (HV 20d: 33.7%). Max pain ranged from $59.00 to $62.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.35.

Notable Days

2024-03-13: Highest Volume — 247,103 contracts
2024-03-25: Largest IV spike — 7.3% change
2024-03-14: Highest IV Rank — 26.2%
2024-03-06: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.67	$58.13	$67.03	$60.61	$67.03
Max Pain	$60.45	$59.00	$62.50	$59.00	$62.50
ATM IV	33.4%	31.7%	34.6%	32.3%	33.2%
Expected Move	9.5%	8.9%	10.0%	9.2%	8.9%
HV 20d	33.7%	23.8%	56.0%	55.1%	28.1%
HV 60d	44.2%	43.2%	44.8%	44.7%	44.4%
IV Rank	22.6%	17.0%	26.2%	18.7%	21.9%
IV Percentile	40.0%	23.0%	50.8%	28.2%	41.3%
Term Structure	1.1%	-0.6%	4.7%	-0.3%	3.6%
VWIV	33.6%	31.6%	35.0%	32.6%	31.6%
Skew 25d	-0.5%	-1.3%	0.1%	-0.4%	-1.3%
Skew 10d	-1.2%	-3.1%	0.8%	-1.0%	-1.8%
Call IV 25d	34.3%	32.6%	35.9%	33.2%	34.1%
Put IV 25d	33.7%	31.5%	35.1%	32.8%	32.8%
Bid-Ask Spread %	3.31	2.27	4.50	2.74	3.49
Gamma HHI	0.07	0.03	0.21	0.06	0.12
Net GEX	52.0M	6.8M	89.3M	46.0M	89.3M
Net DEX	-1.34B	-2.17B	-311.9M	-983.6M	-2.17B
Net VEX	-18.9M	-20.3M	-17.2M	-18.2M	-20.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.26	0.49	0.41	0.37
Total Volume	133,888.3	80,388	247,103	115,819	112,310
Total OI	1,919,592.15	1,792,254	2,013,880	1,979,468	1,883,748

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
2024-03-01	$60.61	$59.00	32.3%	9.2%	55.1%	18.7%	32.6%	-0.4%	-0.3%	46.0M	-983.6M	-18.2M	0.41	2.74	82,015	33,804	1,292,034	687,434
2024-03-04	$60.16	$60.00	34.1%	9.9%	55.0%	24.7%	34.8%	-0.7%	-0.6%	29.8M	-798.3M	-18.1M	0.31	3.09	105,128	32,638	1,261,295	663,296
2024-03-05	$58.13	$60.00	34.4%	9.9%	56.0%	25.5%	35.0%	0.1%	-0.4%	8.4M	-311.9M	-17.2M	0.27	3.88	117,678	32,098	1,283,156	678,233
2024-03-06	$58.25	$60.00	34.0%	10.0%	54.8%	24.4%	34.9%	-0.3%	0.4%	6.8M	-342.4M	-17.3M	0.30	2.40	80,816	24,430	1,288,439	682,845
2024-03-07	$58.78	$60.00	33.8%	9.8%	55.0%	23.7%	34.5%	-0.2%	-0.1%	13.7M	-483.3M	-17.7M	0.27	2.27	86,895	23,257	1,297,352	686,841
2024-03-08	$59.20	$60.00	34.2%	9.9%	31.3%	24.9%	34.6%	0.1%	-0.6%	44.3M	-622.7M	-17.6M	0.27	3.56	108,221	28,725	1,309,368	690,747
2024-03-11	$59.98	$60.00	34.0%	9.7%	26.7%	24.4%	34.3%	-0.1%	-0.0%	34.5M	-814.9M	-17.9M	0.37	3.07	66,498	24,501	1,278,901	669,195
2024-03-12	$60.14	$60.00	32.8%	9.5%	24.7%	20.5%	33.8%	-0.7%	0.3%	41.9M	-883.4M	-17.9M	0.44	2.47	64,295	28,219	1,294,319	677,586
2024-03-13	$62.52	$60.00	34.5%	9.8%	24.4%	25.9%	34.6%	-1.3%	-0.1%	67.0M	-1.57B	-19.0M	0.32	3.13	187,298	59,805	1,302,451	685,801
2024-03-14	$62.45	$60.00	34.6%	9.8%	24.2%	26.2%	34.7%	-1.0%	-0.2%	61.9M	-1.49B	-19.0M	0.27	2.95	148,134	39,811	1,301,321	694,943
2024-03-15	$62.80	$60.00	33.5%	9.6%	23.8%	22.7%	33.9%	-0.9%	0.1%	71.2M	-1.58B	-19.1M	0.28	3.01	112,649	31,585	1,313,202	700,678
2024-03-18	$64.38	$60.00	32.9%	9.4%	24.7%	20.6%	33.3%	-0.8%	1.6%	51.7M	-1.63B	-19.3M	0.31	3.56	117,358	36,743	1,182,324	609,930
2024-03-19	$63.03	$60.00	32.1%	9.2%	25.7%	18.4%	32.4%	-0.1%	1.8%	44.1M	-1.32B	-19.1M	0.36	4.32	70,977	25,740	1,210,058	620,893
2024-03-20	$65.31	$60.00	31.7%	9.1%	26.5%	17.0%	32.0%	-0.7%	1.8%	68.1M	-1.89B	-19.8M	0.48	3.00	100,473	47,951	1,221,998	624,613
2024-03-21	$66.34	$60.00	32.4%	9.2%	26.3%	19.2%	32.8%	-0.9%	1.3%	76.9M	-2.14B	-19.9M	0.49	3.07	119,457	58,632	1,231,777	633,884
2024-03-22	$65.03	$60.00	32.0%	9.0%	27.8%	17.9%	32.1%	-1.2%	1.1%	89.1M	-1.78B	-19.7M	0.41	3.75	84,599	34,994	1,247,883	645,902
2024-03-25	$66.13	$62.50	34.3%	9.5%	28.1%	25.3%	33.7%	-0.2%	3.1%	59.3M	-1.96B	-20.2M	0.35	4.50	67,332	23,293	1,216,408	605,960
2024-03-26	$66.65	$62.50	34.2%	9.5%	28.0%	25.0%	33.7%	-0.1%	4.7%	68.2M	-2.11B	-20.2M	0.26	4.28	141,590	37,429	1,237,498	612,469
2024-03-27	$66.45	$62.50	34.0%	9.1%	28.2%	24.3%	32.3%	-0.2%	4.7%	68.6M	-2.01B	-20.1M	0.37	3.63	58,585	21,803	1,247,868	619,193
2024-03-28	$67.03	$62.50	33.2%	8.9%	28.1%	21.9%	31.6%	-1.3%	3.6%	89.3M	-2.17B	-20.3M	0.37	3.49	82,108	30,202	1,254,717	629,031