PYPL Options History — July 2024

In July 2024, PYPL traded between $57.55 and $66.02. ATM implied volatility averaged 43.7%, placing in the 56.3% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 19.1% (HV 20d: 24.6%). Max pain ranged from $60.00 to $62.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.38.

Notable Days

2024-07-30: Highest Volume — 407,507 contracts
2024-07-30: Largest IV drop — 31.0% change
2024-07-25: Highest IV Rank — 72.5%
2024-07-25: Largest Expected Move — 15.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.95	$57.55	$66.02	$57.55	$66.02
Max Pain	$60.11	$60.00	$62.50	$62.50	$60.00
ATM IV	43.7%	28.4%	48.8%	40.5%	28.4%
Expected Move	12.2%	7.6%	15.5%	7.9%	8.6%
HV 20d	24.6%	18.8%	37.0%	30.3%	37.0%
HV 60d	26.8%	25.8%	31.1%	26.6%	31.1%
IV Rank	56.3%	7.6%	72.5%	46.1%	7.6%
IV Percentile	68.8%	12.7%	82.1%	65.9%	12.7%
Term Structure	-2.3%	-4.6%	1.2%	-1.8%	1.2%
VWIV	43.0%	26.7%	54.8%	27.7%	30.5%
Skew 25d	0.6%	-1.6%	2.0%	2.0%	-0.3%
Skew 10d	0.9%	-2.8%	5.4%	1.5%	-0.2%
Call IV 25d	44.1%	29.8%	49.1%	43.0%	29.8%
Put IV 25d	44.7%	29.5%	50.8%	45.0%	29.5%
Bid-Ask Spread %	3.75	2.57	5.77	3.49	3.62
Gamma HHI	0.06	0.04	0.27	0.05	0.07
Net GEX	24.1M	-3.7M	80.7M	-3.7M	80.7M
Net DEX	-600.4M	-1.93B	-58.5M	-58.5M	-1.93B
Net VEX	-15.8M	-16.5M	-14.9M	-14.9M	-16.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.15	0.79	0.39	0.34
Total Volume	112,454.773	46,421	407,507	73,997	246,178
Total OI	1,661,632.318	1,571,550	1,727,510	1,601,958	1,727,510

Daily Data (22 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
2024-07-01	$57.55	$62.50	40.5%	7.9%	30.3%	46.1%	27.7%	2.0%	-1.8%	-3.7M	-58.5M	-14.9M	0.39	3.49	53,190	20,807	1,103,308	498,650
2024-07-02	$58.63	$60.00	41.7%	7.7%	30.7%	50.0%	27.2%	0.2%	-2.1%	11.3M	-294.0M	-15.3M	0.55	3.75	72,641	40,149	1,121,103	504,990
2024-07-03	$59.45	$60.00	43.2%	7.6%	31.3%	54.8%	26.7%	0.3%	-1.9%	35.9M	-493.8M	-15.9M	0.27	3.24	49,481	13,328	1,135,435	514,773
2024-07-05	$60.09	$60.00	43.7%	11.7%	31.7%	56.2%	41.4%	-0.1%	-3.1%	64.7M	-640.4M	-16.1M	0.25	3.91	113,835	28,864	1,134,643	518,209
2024-07-08	$59.14	$60.00	44.0%	12.0%	23.9%	57.4%	42.4%	1.9%	-1.5%	11.7M	-378.7M	-15.7M	0.33	5.11	72,033	23,983	1,125,232	510,262
2024-07-09	$59.11	$60.00	43.8%	11.9%	23.2%	56.6%	42.0%	0.4%	-1.6%	13.1M	-381.9M	-15.6M	0.26	4.67	45,127	11,738	1,146,245	526,769
2024-07-10	$58.86	$60.00	43.9%	12.0%	23.2%	57.0%	42.3%	0.5%	-1.8%	10.7M	-325.2M	-15.7M	0.27	3.44	49,682	13,194	1,152,960	531,263
2024-07-11	$59.78	$60.00	43.6%	12.0%	21.3%	56.1%	42.0%	-1.6%	-2.3%	28.0M	-533.4M	-16.1M	0.29	2.81	91,143	26,807	1,160,489	534,999
2024-07-12	$60.34	$60.00	43.0%	12.0%	20.8%	54.1%	42.0%	-0.3%	-1.7%	14.7M	-636.3M	-16.0M	0.28	2.85	80,307	22,654	1,159,947	538,263
2024-07-15	$60.55	$60.00	44.4%	12.6%	18.8%	58.5%	44.9%	0.4%	-2.5%	23.4M	-695.9M	-16.1M	0.28	2.57	61,188	17,124	1,137,626	525,323
2024-07-16	$61.78	$60.00	44.6%	12.7%	19.0%	59.3%	44.7%	0.3%	-2.7%	42.3M	-996.9M	-16.5M	0.15	3.74	120,339	18,534	1,157,794	527,478
2024-07-17	$61.11	$60.00	45.5%	13.0%	19.3%	62.0%	45.8%	0.5%	-2.7%	33.3M	-824.9M	-16.2M	0.25	2.82	57,203	14,481	1,170,776	531,606
2024-07-18	$60.14	$60.00	46.4%	13.4%	19.5%	64.8%	47.1%	0.3%	-2.8%	14.8M	-592.5M	-16.0M	0.44	2.76	50,333	21,977	1,178,858	534,302
2024-07-19	$59.20	$60.00	46.8%	13.7%	20.1%	66.1%	48.2%	0.4%	-3.1%	8.2M	-371.4M	-15.6M	0.42	3.59	60,347	25,566	1,186,405	538,562
2024-07-22	$60.61	$60.00	46.2%	14.0%	21.5%	64.2%	49.0%	0.0%	-2.1%	25.9M	-744.6M	-15.9M	0.35	5.77	60,790	21,577	1,085,904	485,646
2024-07-23	$59.83	$60.00	47.1%	14.6%	21.7%	67.2%	51.2%	2.0%	-2.7%	22.3M	-616.5M	-15.8M	0.50	5.15	31,042	15,379	1,112,555	497,661
2024-07-24	$58.22	$60.00	48.7%	15.2%	23.7%	72.3%	53.8%	0.3%	-3.5%	8.0M	-316.4M	-15.3M	0.47	3.06	44,982	21,290	1,118,994	504,693
2024-07-25	$57.67	$60.00	48.8%	15.5%	22.9%	72.5%	54.8%	0.7%	-3.4%	4.9M	-223.5M	-15.3M	0.43	2.73	53,434	23,193	1,126,604	513,696
2024-07-26	$58.16	$60.00	47.9%	15.2%	23.0%	69.7%	53.5%	2.0%	-4.6%	3.8M	-288.9M	-15.3M	0.79	3.59	44,057	34,656	1,139,891	520,224
2024-07-29	$58.91	$60.00	46.8%	15.5%	23.4%	66.3%	54.1%	1.9%	-2.9%	14.7M	-458.5M	-15.3M	0.61	5.29	120,552	73,313	1,100,307	503,145
2024-07-30	$63.64	$60.00	32.3%	9.6%	35.6%	20.0%	34.0%	1.5%	-1.1%	61.3M	-1.41B	-16.1M	0.39	4.50	292,419	115,088	1,165,058	547,753
2024-07-31	$66.02	$60.00	28.4%	8.6%	37.0%	7.6%	30.5%	-0.3%	1.2%	80.7M	-1.93B	-16.3M	0.34	3.62	183,318	62,860	1,179,607	547,903