PYPL Options History — May 2025

In May 2025, PYPL traded between $65.77 and $72.63. ATM implied volatility averaged 30.2%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 3.0% (HV 20d: 33.2%). Max pain ranged from $67.00 to $70.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-05-05: Highest Volume — 140,122 contracts
  • 2025-05-28: Largest IV drop — 9.2% change
  • 2025-05-06: Highest IV Rank — 15.4%
  • 2025-05-01: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.63$65.77$72.63$65.77$70.30
Max Pain$69.74$67.00$70.00$67.50$70.00
ATM IV30.2%27.2%33.2%33.1%29.6%
Expected Move8.7%7.8%10.1%10.1%8.4%
HV 20d33.2%20.6%66.0%66.0%22.8%
HV 60d45.3%44.4%45.9%45.1%44.4%
IV Rank9.0%2.6%15.4%15.1%7.8%
IV Percentile35.0%6.0%57.5%56.7%29.8%
Term Structure-0.8%-8.6%2.9%0.3%0.4%
VWIV30.3%27.7%35.2%35.2%29.6%
Skew 25d3.6%0.9%5.2%5.1%4.0%
Skew 10d6.6%-9.7%16.9%9.7%-9.7%
Call IV 25d28.3%25.4%30.6%30.6%27.7%
Put IV 25d31.8%27.0%35.7%35.7%31.7%
Bid-Ask Spread %8.473.0819.766.196.82
Gamma HHI0.090.050.360.060.05
Net GEX53.9M5.0M126.8M40.3M32.2M
Net DEX-1.46B-1.93B-714.7M-714.7M-1.17B
Net VEX-16.8M-17.2M-16.0M-16.0M-16.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.190.680.200.37
Total Volume56,90926,279140,122108,69753,981
Total OI1,312,265.7141,221,8051,424,2871,393,2221,267,873

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$65.77$67.5033.1%10.1%66.0%15.1%35.2%5.1%0.3%40.3M-714.7M-16.0M0.206.1990,86617,831870,245522,977
2025-05-02$67.53$67.0031.6%9.3%58.2%12.0%32.7%4.3%2.9%55.9M-1.18B-16.6M0.583.6254,41931,832900,680523,607
2025-05-05$68.72$70.0032.0%9.4%55.9%12.9%31.6%4.7%0.9%51.5M-1.26B-16.7M0.2312.73113,69726,425836,636486,923
2025-05-06$68.44$70.0033.2%9.5%55.3%15.4%30.5%5.2%-0.2%50.8M-1.19B-16.9M0.6011.1317,47210,437863,053492,778
2025-05-07$68.73$70.0032.1%9.4%53.9%13.0%31.7%1.3%0.1%53.9M-1.26B-16.8M0.5119.7618,6709,453863,929496,428
2025-05-08$70.74$70.0029.9%8.7%38.2%8.3%29.3%4.0%0.5%73.1M-1.72B-17.1M0.473.6841,45519,511864,662496,864
2025-05-09$70.14$70.0029.9%8.6%30.6%8.3%29.6%4.5%0.2%60.4M-1.56B-17.0M0.384.0058,23522,110868,857500,814
2025-05-12$71.95$70.0027.2%7.8%28.7%2.6%27.7%3.6%0.1%63.2M-1.80B-16.7M0.476.6346,23921,559847,261484,723
2025-05-13$72.43$70.0028.1%8.0%28.7%4.5%28.3%0.9%-0.5%67.1M-1.89B-16.8M0.475.5724,29111,367853,700491,428
2025-05-14$72.63$70.0028.0%8.1%28.1%4.2%28.5%3.3%0.5%69.0M-1.93B-16.9M0.453.0830,89313,809861,919497,442
2025-05-15$71.64$70.0027.9%7.9%24.8%4.0%28.2%3.5%-0.3%64.8M-1.68B-16.7M0.657.1417,23411,226871,148501,037
2025-05-16$72.02$70.0028.5%8.1%24.7%5.4%29.3%2.8%-0.6%126.8M-1.75B-16.7M0.2715.3297,99826,309872,822504,930
2025-05-19$72.12$70.0029.0%8.3%23.3%6.5%29.3%3.2%-0.1%47.1M-1.58B-17.0M0.589.6518,80710,927786,687435,118
2025-05-20$72.38$70.0028.9%8.3%23.0%6.3%29.2%3.8%0.6%51.1M-1.64B-17.1M0.5312.2520,55510,804792,921438,136
2025-05-21$71.69$70.0030.9%8.9%23.7%10.6%31.4%3.8%-0.5%44.7M-1.50B-17.2M0.689.2923,43416,002797,905444,299
2025-05-22$71.67$70.0029.8%8.5%20.6%8.1%29.9%3.4%0.7%42.8M-1.48B-17.1M0.199.3929,0535,556801,661448,089
2025-05-23$70.06$70.0031.3%9.0%22.8%11.3%31.8%3.7%-0.6%5.0M-1.16B-16.7M0.339.4737,73712,271807,950448,745
2025-05-27$71.63$70.0033.1%8.6%23.6%15.3%30.8%3.9%-8.3%46.1M-1.47B-16.8M0.658.3326,53717,280789,274434,547
2025-05-28$71.56$70.0030.1%8.7%22.9%8.7%30.6%2.3%-8.6%46.3M-1.45B-16.8M0.649.6116,04910,230799,234443,029
2025-05-29$71.00$70.0030.5%8.6%22.3%9.6%30.5%3.6%-4.6%39.0M-1.32B-16.6M0.454.1536,26216,266801,925445,324
2025-05-30$70.30$70.0029.6%8.4%22.8%7.8%29.6%4.0%0.4%32.2M-1.17B-16.4M0.376.8239,31414,667815,228452,645