PYPL Options History — July 2025

In July 2025, PYPL traded between $68.75 and $78.23. ATM implied volatility averaged 40.7%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 6.1% (HV 20d: 34.5%). Max pain ranged from $67.50 to $72.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.47.

Notable Days

2025-07-29: Highest Volume — 341,696 contracts
2025-07-29: Largest IV drop — 26.1% change
2025-07-11: Highest IV Rank — 42.4%
2025-07-28: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$74.60	$68.75	$78.23	$75.44	$68.75
Max Pain	$70.02	$67.50	$72.00	$67.50	$70.00
ATM IV	40.7%	28.4%	45.8%	41.3%	28.4%
Expected Move	11.5%	8.0%	13.7%	8.0%	8.3%
HV 20d	34.5%	29.3%	44.5%	33.0%	44.2%
HV 60d	31.5%	27.2%	39.9%	39.9%	34.0%
IV Rank	31.4%	5.1%	42.4%	32.7%	5.1%
IV Percentile	64.3%	13.5%	80.6%	69.4%	13.5%
Term Structure	-1.4%	-3.5%	6.3%	-2.5%	-0.6%
VWIV	40.7%	28.5%	48.2%	29.2%	29.7%
Skew 25d	3.6%	0.4%	13.3%	4.3%	1.0%
Skew 10d	8.8%	-9.8%	28.2%	24.1%	1.8%
Call IV 25d	39.5%	28.5%	43.8%	41.2%	28.5%
Put IV 25d	43.0%	29.5%	47.8%	45.4%	29.5%
Bid-Ask Spread %	15.08	3.04	37.81	4.36	12.60
Gamma HHI	0.07	0.05	0.18	0.07	0.05
Net GEX	54.0M	8.8M	97.8M	69.4M	8.8M
Net DEX	-1.67B	-2.42B	-290.9M	-1.98B	-290.9M
Net VEX	-16.2M	-16.7M	-15.0M	-16.6M	-15.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.16	1.15	0.30	1.15
Total Volume	88,889.636	29,311	341,696	68,310	146,617
Total OI	1,242,724.136	1,159,788	1,413,351	1,196,077	1,413,351

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
2025-07-01	$75.44	$67.50	41.3%	8.0%	33.0%	32.7%	29.2%	4.3%	-2.5%	69.4M	-1.98B	-16.6M	0.30	4.36	52,628	15,682	756,956	439,121
2025-07-02	$76.23	$70.00	42.9%	8.0%	33.1%	36.3%	28.5%	3.6%	-1.3%	78.0M	-2.17B	-16.7M	0.17	4.27	74,183	12,673	765,249	443,559
2025-07-03	$76.83	$70.00	41.8%	10.9%	32.5%	33.8%	38.3%	3.7%	-1.6%	97.8M	-2.26B	-16.7M	0.24	35.56	32,829	7,991	773,649	447,661
2025-07-07	$76.15	$70.00	43.3%	11.8%	32.6%	37.1%	41.5%	4.0%	-1.3%	62.6M	-1.98B	-16.4M	0.59	16.49	18,457	10,854	750,595	434,865
2025-07-08	$74.94	$70.00	43.8%	11.9%	33.0%	38.2%	42.0%	4.8%	-2.0%	51.1M	-1.73B	-16.1M	0.30	19.31	32,130	9,689	752,588	439,929
2025-07-09	$74.85	$70.00	38.2%	11.5%	33.0%	26.2%	40.4%	3.4%	6.3%	50.9M	-1.70B	-16.0M	0.16	37.21	43,080	6,844	758,742	443,062
2025-07-10	$75.86	$70.00	43.2%	11.9%	33.0%	36.9%	41.3%	3.7%	-2.2%	62.8M	-1.93B	-16.3M	0.24	26.01	51,086	12,288	765,230	445,348
2025-07-11	$71.45	$70.00	45.8%	12.4%	39.5%	42.4%	43.1%	4.0%	-3.5%	24.4M	-1.07B	-15.6M	0.59	37.81	102,076	60,237	783,219	448,416
2025-07-14	$73.84	$70.00	44.7%	12.6%	41.3%	40.0%	44.5%	3.8%	-1.4%	48.5M	-1.60B	-16.4M	0.51	32.14	40,930	20,944	793,920	459,401
2025-07-15	$73.16	$70.00	44.5%	12.7%	35.6%	39.7%	44.2%	3.6%	-2.4%	42.1M	-1.46B	-16.2M	0.63	11.62	25,167	15,880	799,952	463,784
2025-07-16	$72.98	$70.00	44.0%	12.6%	34.9%	38.5%	44.1%	3.4%	-2.1%	37.8M	-1.40B	-16.0M	0.89	3.15	30,613	27,308	804,990	469,222
2025-07-17	$73.95	$70.00	42.5%	12.3%	34.1%	35.4%	44.2%	3.2%	-1.4%	58.3M	-1.64B	-16.2M	0.28	4.02	49,444	13,948	812,506	479,651
2025-07-18	$74.04	$70.00	43.0%	12.5%	31.9%	36.4%	45.6%	3.1%	-2.1%	77.4M	-1.67B	-16.2M	0.55	3.04	41,600	22,979	819,837	481,956
2025-07-21	$74.91	$70.00	41.9%	12.7%	31.4%	34.2%	44.5%	0.4%	-1.9%	54.3M	-1.67B	-16.2M	0.33	4.38	40,848	13,578	735,327	424,461
2025-07-22	$76.04	$70.00	42.8%	13.2%	30.3%	36.0%	46.8%	3.2%	-2.3%	62.2M	-1.89B	-16.5M	0.43	3.11	27,170	11,737	747,262	429,462
2025-07-23	$76.63	$70.00	42.0%	13.1%	29.3%	34.4%	46.5%	3.2%	-2.2%	68.4M	-2.03B	-16.5M	0.40	3.09	70,336	27,818	757,618	433,573
2025-07-24	$77.91	$70.00	40.9%	12.8%	29.5%	32.0%	45.6%	2.9%	-2.3%	73.2M	-2.35B	-16.5M	0.42	3.51	47,557	19,800	777,794	449,710
2025-07-25	$78.23	$70.00	39.8%	12.6%	29.4%	29.5%	44.4%	3.2%	-1.6%	78.0M	-2.42B	-16.5M	0.53	5.30	44,857	23,978	782,455	456,050
2025-07-28	$78.14	$70.00	40.4%	13.7%	29.5%	30.8%	48.2%	13.3%	-1.5%	53.4M	-2.22B	-16.4M	0.89	10.32	84,608	74,999	760,601	452,870
2025-07-29	$71.33	$72.00	29.8%	8.8%	44.5%	8.2%	31.8%	1.1%	-0.4%	16.1M	-789.3M	-15.1M	0.45	25.48	235,919	105,777	799,821	496,436
2025-07-30	$69.63	$71.00	29.4%	8.6%	44.5%	7.2%	30.4%	1.8%	-0.4%	12.9M	-447.5M	-15.2M	0.33	28.87	111,301	37,132	868,728	521,004
2025-07-31	$68.75	$70.00	28.4%	8.3%	44.2%	5.1%	29.7%	1.0%	-0.6%	8.8M	-290.9M	-15.0M	1.15	12.60	68,305	78,312	893,318	520,033