PYPL Options History — March 2025

In March 2025, PYPL traded between $65.13 and $71.10. ATM implied volatility averaged 34.3%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 0.6% (HV 20d: 33.7%). Max pain ranged from $71.00 to $75.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.57.

Notable Days

2025-03-04: Highest Volume — 177,953 contracts
2025-03-31: Largest IV spike — 17.6% change
2025-03-31: Highest IV Rank — 69.1%
2025-03-10: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$68.89	$65.13	$71.10	$69.76	$65.19
Max Pain	$74.12	$71.00	$75.00	$75.00	$75.00
ATM IV	34.3%	28.0%	43.9%	33.3%	43.9%
Expected Move	11.4%	10.0%	13.3%	10.1%	12.3%
HV 20d	33.7%	26.1%	51.4%	51.4%	36.5%
HV 60d	40.7%	39.7%	41.6%	41.3%	41.3%
IV Rank	32.1%	7.7%	69.1%	28.3%	69.1%
IV Percentile	54.8%	13.5%	73.0%	58.3%	73.0%
Term Structure	2.6%	-2.2%	13.4%	0.2%	-2.2%
VWIV	39.3%	34.5%	45.8%	35.3%	42.3%
Skew 25d	3.7%	1.5%	6.1%	1.5%	5.5%
Skew 10d	6.3%	3.4%	8.7%	3.4%	8.7%
Call IV 25d	32.7%	27.0%	44.4%	33.3%	44.4%
Put IV 25d	36.3%	30.5%	49.9%	34.7%	49.9%
Bid-Ask Spread %	6.89	2.58	15.05	4.70	8.21
Gamma HHI	0.07	0.04	0.37	0.04	0.06
Net GEX	17.0M	-4.3M	70.3M	5.9M	-1.2M
Net DEX	-255.5M	-742.7M	273.8M	-14.9M	25.3M
Net VEX	-15.2M	-16.1M	-14.1M	-14.8M	-14.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.20	1.59	0.42	0.50
Total Volume	75,681.714	22,528	177,953	87,752	70,723
Total OI	1,288,557.619	1,083,865	1,390,227	1,275,571	1,129,367

Daily Data (21 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
2025-03-03	$69.76	$75.00	33.3%	10.1%	51.4%	28.3%	35.3%	1.5%	0.2%	5.9M	-14.9M	-14.8M	0.42	4.70	61,798	25,954	794,349	481,222
2025-03-04	$67.72	$75.00	35.3%	10.7%	51.3%	35.7%	37.4%	3.8%	0.5%	-2.3M	273.8M	-14.2M	0.39	6.72	127,684	50,269	813,649	481,687
2025-03-05	$69.55	$74.00	33.8%	10.2%	26.8%	30.2%	35.5%	3.9%	-0.3%	13.2M	-173.1M	-15.5M	0.27	3.71	78,706	21,223	860,823	495,672
2025-03-06	$68.02	$74.00	36.2%	11.0%	26.1%	39.4%	36.9%	3.9%	-0.8%	4.8M	71.0M	-15.3M	0.67	4.24	42,850	28,770	873,517	500,681
2025-03-07	$70.48	$72.50	35.1%	10.5%	30.3%	35.0%	36.8%	3.2%	-0.4%	31.7M	-496.2M	-16.1M	0.51	3.04	59,058	30,245	887,880	494,241
2025-03-10	$67.97	$72.50	39.9%	13.3%	32.0%	53.6%	45.8%	6.1%	-0.6%	6.4M	-47.0M	-15.4M	0.76	4.34	49,241	37,624	844,920	487,853
2025-03-11	$68.17	$72.50	39.6%	12.8%	31.5%	52.6%	43.8%	3.1%	-0.7%	8.0M	-97.7M	-15.5M	0.49	4.13	41,680	20,373	861,588	492,443
2025-03-12	$68.44	$72.50	37.1%	11.6%	30.9%	42.7%	40.3%	3.6%	-0.5%	8.5M	-108.3M	-15.4M	0.71	3.19	24,672	17,543	870,858	496,229
2025-03-13	$67.19	$72.50	37.8%	11.9%	31.1%	45.7%	41.1%	4.5%	-0.9%	-4.3M	106.8M	-15.0M	0.41	2.80	52,211	21,440	878,474	500,756
2025-03-14	$68.73	$71.00	34.3%	10.0%	32.7%	31.9%	34.5%	3.8%	0.4%	3.8M	-211.3M	-15.4M	0.32	2.58	72,729	23,547	896,646	493,581
2025-03-17	$70.09	$75.00	32.4%	11.5%	32.7%	24.6%	39.8%	3.5%	-0.8%	27.0M	-502.7M	-15.5M	0.64	8.32	28,646	18,273	876,646	480,223
2025-03-18	$69.11	$75.00	33.1%	11.6%	32.7%	27.5%	40.4%	3.8%	-0.3%	17.3M	-298.7M	-15.3M	0.42	15.05	15,836	6,692	885,083	484,866
2025-03-19	$70.28	$75.00	31.9%	11.5%	33.6%	23.0%	38.7%	3.5%	-1.0%	32.4M	-529.7M	-15.5M	0.67	10.76	21,701	14,467	887,516	485,992
2025-03-20	$69.94	$75.00	31.0%	11.4%	33.6%	19.2%	39.2%	3.6%	-0.3%	31.6M	-479.3M	-15.3M	1.59	12.43	27,129	43,162	891,268	481,148
2025-03-21	$70.22	$75.00	30.5%	11.4%	32.2%	17.3%	39.6%	3.5%	-2.1%	70.3M	-664.9M	-15.2M	0.21	6.95	91,517	19,293	897,832	469,773
2025-03-24	$71.10	$75.00	29.0%	11.2%	32.7%	11.5%	38.9%	3.0%	12.3%	35.9M	-742.7M	-15.5M	0.49	9.36	40,584	19,896	686,503	397,362
2025-03-25	$70.69	$75.00	28.0%	11.2%	32.3%	7.7%	38.8%	3.8%	13.4%	32.7M	-668.3M	-15.3M	0.55	11.15	27,944	15,506	695,305	402,502
2025-03-26	$69.99	$75.00	29.4%	11.3%	31.1%	13.1%	39.3%	3.1%	12.8%	25.8M	-541.9M	-15.2M	0.68	7.48	32,593	22,292	700,425	411,483
2025-03-27	$69.00	$75.00	32.0%	11.2%	30.6%	23.2%	38.1%	2.7%	12.8%	12.6M	-378.1M	-14.9M	0.20	10.44	59,646	12,020	712,119	423,829
2025-03-28	$65.13	$75.00	37.3%	12.2%	36.6%	43.7%	43.6%	3.5%	12.4%	-3.1M	112.0M	-14.1M	0.97	5.18	57,632	56,147	731,245	422,154
2025-03-31	$65.19	$75.00	43.9%	12.3%	36.5%	69.1%	42.3%	5.5%	-2.2%	-1.2M	25.3M	-14.2M	0.50	8.21	47,067	23,656	708,371	420,996