PYPL Options History — April 2025

In April 2025, PYPL traded between $56.77 and $67.35. ATM implied volatility averaged 53.1%, placing in the 65.0% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 6.0% (HV 20d: 59.1%). Max pain ranged from $67.50 to $75.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.55.

Notable Days

2025-04-28: Highest Volume — 177,972 contracts
2025-04-29: Largest IV drop — 30.1% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 19.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.47	$56.77	$67.35	$66.06	$65.27
Max Pain	$70.12	$67.50	$75.00	$75.00	$67.50
ATM IV	53.1%	33.6%	72.6%	45.6%	34.6%
Expected Move	15.3%	10.3%	19.6%	12.5%	10.7%
HV 20d	59.1%	34.9%	69.0%	35.6%	66.3%
HV 60d	49.3%	41.3%	52.6%	41.3%	52.6%
IV Rank	65.0%	16.4%	100.0%	75.9%	18.4%
IV Percentile	92.0%	59.1%	100.0%	80.2%	62.3%
Term Structure	-3.0%	-14.7%	0.5%	-2.2%	0.5%
VWIV	52.4%	35.9%	65.2%	42.9%	38.3%
Skew 25d	9.4%	-4.6%	16.4%	4.9%	4.6%
Skew 10d	18.9%	-12.4%	53.5%	8.8%	9.4%
Call IV 25d	48.0%	29.6%	60.7%	44.5%	32.0%
Put IV 25d	57.4%	35.9%	77.0%	49.4%	36.7%
Bid-Ask Spread %	22.14	3.36	36.15	7.11	8.80
Gamma HHI	0.06	0.04	0.27	0.04	0.07
Net GEX	19.6M	-5.7M	43.1M	5.7M	35.7M
Net DEX	-157.4M	-823.8M	532.1M	-142.6M	-597.9M
Net VEX	-14.9M	-16.0M	-12.9M	-14.6M	-15.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.14	1.08	0.39	0.68
Total Volume	98,760.524	40,200	177,972	41,366	73,944
Total OI	1,275,003.857	1,149,996	1,387,181	1,149,996	1,387,181

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
2025-04-01	$66.06	$75.00	45.6%	12.5%	35.6%	75.9%	42.9%	4.9%	-2.2%	5.7M	-142.6M	-14.6M	0.39	7.11	29,841	11,525	722,739	427,257
2025-04-02	$67.35	$75.00	47.3%	12.3%	34.9%	82.5%	43.4%	5.0%	-0.6%	12.9M	-358.3M	-15.0M	0.87	5.59	22,734	19,678	730,351	429,783
2025-04-03	$61.73	$75.00	53.0%	14.0%	45.9%	100.0%	47.4%	5.7%	-2.6%	-5.7M	378.0M	-13.5M	0.56	3.36	93,500	52,519	738,111	435,123
2025-04-04	$59.30	$75.00	61.7%	16.3%	44.9%	100.0%	55.5%	12.5%	-14.7%	-3.9M	497.7M	-13.2M	0.84	22.72	90,948	76,037	762,938	441,587
2025-04-07	$58.26	$75.00	68.5%	18.3%	43.8%	100.0%	59.3%	12.0%	-4.5%	2.5M	441.5M	-13.2M	0.31	21.18	103,622	31,660	755,422	435,830
2025-04-08	$56.77	$75.00	72.6%	19.6%	44.1%	100.0%	65.2%	16.4%	-3.7%	2.0M	532.1M	-12.9M	0.38	32.61	107,248	41,098	779,165	444,792
2025-04-09	$63.62	$70.00	55.1%	15.1%	62.1%	62.4%	53.2%	10.6%	-2.0%	22.0M	-286.8M	-15.6M	0.41	31.93	123,096	50,577	838,303	462,379
2025-04-10	$60.03	$70.00	66.9%	18.3%	64.8%	87.7%	58.8%	15.9%	-4.0%	14.4M	114.9M	-15.1M	0.47	32.53	72,655	34,209	873,510	477,777
2025-04-11	$62.55	$70.00	58.6%	16.4%	66.2%	69.8%	57.1%	13.0%	-2.1%	24.7M	-289.9M	-15.9M	0.42	28.85	59,655	24,963	889,520	477,848
2025-04-14	$62.66	$67.50	55.3%	15.7%	65.7%	62.8%	59.3%	11.8%	-3.0%	19.9M	-196.0M	-15.5M	0.93	30.56	32,881	30,707	867,176	470,534
2025-04-15	$62.10	$70.00	52.6%	14.9%	65.6%	57.0%	51.0%	10.5%	-1.6%	18.0M	-92.1M	-15.3M	0.34	27.52	29,899	10,301	873,172	485,655
2025-04-16	$60.03	$67.50	57.0%	16.3%	65.8%	66.5%	55.9%	11.5%	-2.8%	9.6M	154.7M	-14.6M	0.90	36.15	48,106	43,253	887,766	480,200
2025-04-17	$61.05	$67.50	54.4%	15.8%	66.4%	60.9%	54.0%	10.5%	-3.3%	42.1M	-18.6M	-14.8M	0.24	31.35	69,548	16,707	898,298	480,297
2025-04-21	$60.15	$67.50	53.1%	16.8%	66.3%	58.0%	54.3%	14.6%	-3.1%	14.8M	1.8M	-14.5M	0.40	14.53	37,236	14,770	767,076	441,967
2025-04-22	$61.38	$67.50	53.1%	15.9%	66.7%	58.2%	55.5%	10.6%	-3.5%	20.7M	-148.8M	-14.8M	0.58	26.81	28,261	16,297	775,119	449,982
2025-04-23	$62.34	$67.50	48.6%	15.8%	67.2%	48.4%	54.4%	8.4%	-1.2%	28.5M	-307.4M	-15.2M	0.45	18.69	39,728	17,687	784,580	454,196
2025-04-24	$64.79	$67.50	48.6%	15.2%	69.0%	48.4%	52.6%	8.5%	-3.2%	38.3M	-721.0M	-15.9M	0.14	19.07	73,697	10,431	794,850	458,739
2025-04-25	$65.14	$67.50	46.8%	14.9%	69.0%	44.6%	48.9%	8.3%	-2.9%	38.3M	-784.9M	-15.9M	0.22	22.23	75,985	16,780	813,630	462,381
2025-04-28	$64.93	$67.50	48.1%	16.1%	65.9%	47.4%	58.5%	-4.6%	-2.0%	28.4M	-658.7M	-16.0M	1.08	22.67	85,663	92,309	816,363	446,689
2025-04-29	$66.27	$67.50	33.6%	10.3%	66.3%	16.4%	35.9%	6.3%	-0.0%	43.1M	-823.8M	-16.0M	0.88	20.75	87,296	76,920	853,375	503,420
2025-04-30	$65.27	$67.50	34.6%	10.7%	66.3%	18.4%	38.3%	4.6%	0.5%	35.7M	-597.9M	-15.9M	0.68	8.80	44,035	29,909	865,121	522,060