PYPL Options History — February 2025

In February 2025, PYPL traded between $70.65 and $89.30. ATM implied volatility averaged 33.0%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 19.4% (HV 20d: 52.4%). Max pain ranged from $75.00 to $87.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.50.

Notable Days

2025-02-04: Highest Volume — 533,166 contracts
2025-02-04: Largest IV drop — 20.5% change
2025-02-03: Highest IV Rank — 68.6%
2025-02-03: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$76.90	$70.65	$89.30	$89.30	$70.65
Max Pain	$78.50	$75.00	$87.50	$87.50	$75.00
ATM IV	33.0%	30.4%	44.1%	44.1%	30.8%
Expected Move	9.4%	8.3%	14.5%	14.5%	8.8%
HV 20d	52.4%	32.2%	57.9%	32.2%	51.5%
HV 60d	40.4%	31.0%	41.8%	31.0%	41.3%
IV Rank	26.6%	16.8%	68.6%	68.6%	18.5%
IV Percentile	51.6%	38.1%	72.2%	72.2%	43.3%
Term Structure	-0.6%	-1.1%	0.6%	0.0%	0.3%
VWIV	33.3%	29.3%	51.0%	51.0%	31.6%
Skew 25d	0.6%	-0.2%	2.4%	-0.2%	1.8%
Skew 10d	-0.3%	-12.5%	9.9%	9.9%	-12.5%
Call IV 25d	33.3%	30.4%	44.6%	44.6%	30.4%
Put IV 25d	33.9%	31.7%	44.4%	44.4%	32.1%
Bid-Ask Spread %	6.51	3.78	16.77	4.44	6.82
Gamma HHI	0.08	0.05	0.17	0.08	0.08
Net GEX	23.3M	-7.9M	66.1M	30.7M	-2.0M
Net DEX	-785.0M	-2.14B	48.0M	-2.14B	-4.5M
Net VEX	-15.1M	-16.0M	-13.0M	-14.0M	-14.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.32	0.91	0.62	0.61
Total Volume	153,772.053	89,086	533,166	150,443	135,837
Total OI	1,257,630.526	912,715	1,375,344	912,715	1,362,223

Daily Data (19 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
2025-02-03	$89.30	$87.50	44.1%	14.5%	32.2%	68.6%	51.0%	-0.2%	0.0%	30.7M	-2.14B	-14.0M	0.62	4.44	92,969	57,474	559,120	353,595
2025-02-04	$78.00	$87.50	35.1%	9.7%	57.9%	34.4%	34.9%	0.0%	-0.6%	-3.5M	-553.4M	-13.0M	0.41	6.63	377,193	155,973	607,347	381,960
2025-02-05	$79.25	$83.00	33.2%	8.3%	57.7%	27.3%	29.3%	0.9%	-1.1%	29.4M	-956.9M	-14.6M	0.32	3.89	177,577	56,426	786,060	436,585
2025-02-06	$78.81	$77.50	31.8%	8.7%	57.5%	21.7%	30.9%	0.2%	-0.8%	35.0M	-991.0M	-15.1M	0.48	4.26	94,195	45,137	844,733	448,345
2025-02-07	$77.42	$77.50	31.8%	8.9%	57.6%	22.0%	31.6%	0.8%	-0.5%	17.7M	-673.2M	-14.9M	0.49	4.41	83,822	41,363	870,758	454,729
2025-02-10	$78.28	$77.50	31.4%	8.8%	55.1%	20.5%	31.4%	0.2%	-0.4%	38.0M	-1.00B	-15.1M	0.77	3.78	54,230	41,530	771,123	434,686
2025-02-11	$76.28	$77.50	32.3%	8.9%	55.7%	24.2%	31.5%	0.6%	-0.9%	12.2M	-527.6M	-14.9M	0.48	4.86	74,559	36,004	786,828	454,860
2025-02-12	$76.48	$77.50	31.8%	8.9%	53.5%	22.5%	31.9%	0.3%	-0.8%	16.6M	-643.5M	-15.2M	0.40	4.39	66,836	26,576	808,596	469,138
2025-02-13	$76.53	$77.50	31.4%	8.8%	51.6%	20.6%	31.1%	0.3%	-0.8%	16.5M	-704.7M	-15.3M	0.62	6.86	73,199	45,098	831,420	477,072
2025-02-14	$78.00	$77.50	31.0%	8.7%	52.4%	19.4%	31.4%	-0.2%	-1.0%	66.1M	-1.19B	-15.8M	0.47	4.50	73,690	34,557	860,232	473,442
2025-02-18	$78.21	$77.50	31.7%	9.0%	51.4%	21.9%	32.5%	0.2%	-0.3%	50.6M	-1.21B	-15.7M	0.33	5.10	66,927	22,159	811,103	470,307
2025-02-19	$78.36	$77.50	32.5%	9.3%	51.3%	24.9%	32.8%	-0.1%	-0.8%	57.3M	-1.32B	-15.9M	0.37	6.68	73,829	27,572	834,422	473,934
2025-02-20	$77.73	$77.50	33.5%	9.6%	51.2%	28.9%	34.2%	0.4%	-1.1%	44.1M	-1.16B	-16.0M	0.52	4.96	59,418	30,609	859,764	480,124
2025-02-21	$75.28	$77.50	35.2%	10.2%	52.0%	35.5%	36.1%	0.8%	-0.9%	-7.9M	-519.6M	-15.6M	0.57	9.94	124,087	70,581	882,201	493,143
2025-02-24	$75.44	$77.50	33.9%	10.0%	52.1%	30.4%	34.9%	1.5%	-0.8%	26.0M	-768.8M	-15.5M	0.39	4.01	82,933	32,347	764,465	453,234
2025-02-25	$74.22	$77.50	31.5%	9.1%	51.5%	21.3%	31.6%	2.4%	-0.2%	12.5M	-463.1M	-15.1M	0.38	13.60	128,403	48,921	787,766	465,218
2025-02-26	$72.22	$76.00	30.4%	9.0%	51.8%	16.8%	31.6%	1.4%	0.6%	3.7M	-141.2M	-14.9M	0.32	16.77	129,595	41,665	822,247	481,198
2025-02-27	$70.72	$75.00	33.0%	9.5%	51.6%	26.9%	32.9%	0.9%	-0.6%	656.0K	48.0M	-14.9M	0.91	7.77	72,382	65,996	857,258	485,744
2025-02-28	$70.65	$75.00	30.8%	8.8%	51.5%	18.5%	31.6%	1.8%	0.3%	-2.0M	-4.5M	-14.8M	0.61	6.82	84,492	51,345	878,218	484,005