PYPL Options History — September 2025

In September 2025, PYPL traded between $65.32 and $69.80. ATM implied volatility averaged 31.8%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 7.3% (HV 20d: 24.5%). Max pain ranged from $70.00 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 0.37.

Notable Days

  • 2025-09-29: Highest Volume — 467,701 contracts
  • 2025-09-29: Largest IV spike — 30.9% change
  • 2025-09-30: Highest IV Rank — 44.1%
  • 2025-09-30: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$67.84$65.32$69.80$69.16$67.02
Max Pain$70.00$70.00$70.00$70.00$70.00
ATM IV31.8%28.7%46.6%29.7%46.6%
Expected Move8.7%8.2%10.0%8.7%10.0%
HV 20d24.5%22.3%30.1%24.4%30.1%
HV 60d33.6%32.4%35.2%35.1%34.2%
IV Rank12.4%5.8%44.1%7.9%44.1%
IV Percentile41.7%17.9%88.1%32.5%88.1%
Term Structure2.1%-2.6%12.1%-0.2%-2.6%
VWIV31.3%29.0%37.4%31.0%37.4%
Skew 25d0.9%-1.1%2.3%2.1%-1.1%
Skew 10d1.7%-1.3%7.6%4.3%-1.3%
Call IV 25d31.9%28.4%49.5%29.1%49.5%
Put IV 25d32.7%29.7%48.4%31.3%48.4%
Bid-Ask Spread %15.532.1942.382.5817.23
Gamma HHI0.060.050.080.060.05
Net GEX37.5M2.1M73.7M42.0M35.8M
Net DEX-709.1M-1.35B-20.5M-789.2M-779.6M
Net VEX-16.1M-18.2M-14.2M-15.4M-18.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.180.810.550.41
Total Volume120,03248,814467,70148,814221,449
Total OI1,399,718.7141,299,9501,518,5391,299,9501,518,376

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$69.16$70.0029.7%8.7%24.4%7.9%31.0%2.1%-0.2%42.0M-789.2M-15.4M0.552.5831,54317,271837,278462,672
2025-09-03$69.63$70.0029.7%8.8%24.5%7.9%30.8%2.0%-0.1%48.7M-893.4M-15.6M0.183.3557,53610,390847,683470,736
2025-09-04$68.52$70.0029.7%8.6%24.3%8.0%29.5%2.2%0.3%35.6M-641.4M-15.3M0.2712.30144,38639,279873,160476,326
2025-09-05$68.39$70.0029.1%8.4%23.8%6.6%29.0%1.2%-0.1%28.9M-623.7M-15.3M0.444.1254,28824,015890,897486,258
2025-09-08$68.29$70.0029.3%8.5%23.6%7.0%29.6%1.8%0.2%37.3M-619.7M-15.1M0.592.1931,75318,853862,461475,513
2025-09-09$67.66$70.0029.6%8.6%23.7%7.7%30.1%1.5%0.2%29.6M-497.5M-15.0M0.812.8830,48224,681875,781483,055
2025-09-10$65.32$70.0029.6%8.7%26.4%7.8%30.9%1.3%0.5%2.1M-20.5M-14.2M0.277.12126,67933,584884,995495,658
2025-09-11$67.23$70.0028.7%8.2%24.6%5.8%29.2%1.4%-0.2%24.5M-502.7M-15.3M0.303.1277,47623,019917,619500,827
2025-09-12$67.03$70.0028.8%8.2%23.9%5.9%29.3%2.3%-0.3%25.4M-493.4M-15.4M0.4140.1853,37722,005947,002500,609
2025-09-15$67.13$70.0029.9%8.6%24.0%8.3%30.6%1.0%0.2%36.9M-590.5M-15.5M0.313.1553,59116,587925,380485,254
2025-09-16$66.88$70.0030.3%8.7%23.9%9.1%30.7%1.3%0.5%35.5M-551.5M-15.7M0.4734.4946,74821,831946,810491,526
2025-09-17$68.92$70.0030.7%8.8%26.3%10.0%31.2%0.7%-0.1%69.1M-1.07B-16.3M0.2042.38118,06823,788964,733499,128
2025-09-18$68.49$70.0030.9%8.9%25.9%10.4%31.4%0.2%-0.4%73.7M-965.1M-16.4M0.204.53154,38831,349989,243501,250
2025-09-19$68.34$70.0030.2%8.7%25.7%9.0%31.1%0.1%-0.1%54.9M-912.9M-16.7M0.2723.5190,28724,5781,010,080508,459
2025-09-22$67.60$70.0030.8%8.8%22.5%10.2%32.5%0.3%10.9%33.5M-759.7M-16.5M0.4928.2373,06836,030860,520443,098
2025-09-23$67.44$70.0031.4%8.9%22.4%11.5%32.0%0.5%1.7%33.8M-747.1M-16.7M0.3616.9555,99520,142891,881468,572
2025-09-24$67.78$70.0030.6%8.7%22.3%9.9%31.4%0.3%11.4%37.5M-812.2M-17.0M0.2910.0443,48412,721905,307476,591
2025-09-25$66.75$70.0033.3%8.9%22.9%15.6%32.6%0.3%11.3%19.1M-576.1M-16.7M0.2627.7792,18824,369915,212482,480
2025-09-26$67.29$70.0034.0%8.3%23.0%17.2%31.0%-0.3%12.1%28.6M-695.8M-16.9M0.4027.8051,17720,516939,128494,262
2025-09-29$69.80$70.0044.6%9.9%26.8%39.8%35.7%-0.4%-2.0%55.3M-1.35B-18.1M0.2612.23370,38897,313908,080480,193
2025-09-30$67.02$70.0046.6%10.0%30.1%44.1%37.4%-1.1%-2.6%35.8M-779.6M-18.2M0.4117.23156,68564,7641,006,446511,930