PYPL Options History — October 2025

In October 2025, PYPL traded between $65.91 and $76.19. ATM implied volatility averaged 48.7%, placing in the 48.7% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 7.2% (HV 20d: 41.5%). Max pain ranged from $67.50 to $70.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.34.

Notable Days

2025-10-28: Highest Volume — 706,518 contracts
2025-10-28: Largest IV drop — 25.0% change
2025-10-16: Highest IV Rank — 64.7%
2025-10-16: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$70.06	$65.91	$76.19	$66.58	$69.28
Max Pain	$68.48	$67.50	$70.00	$70.00	$70.00
ATM IV	48.7%	36.6%	56.2%	48.0%	37.6%
Expected Move	13.0%	9.1%	15.2%	9.6%	11.2%
HV 20d	41.5%	30.0%	48.8%	30.0%	48.8%
HV 60d	35.2%	33.0%	38.0%	34.1%	35.8%
IV Rank	48.7%	22.7%	64.7%	47.2%	24.8%
IV Percentile	88.2%	65.1%	97.6%	92.9%	66.3%
Term Structure	-2.9%	-6.2%	-0.8%	-2.1%	-1.3%
VWIV	46.7%	32.8%	53.7%	35.1%	41.0%
Skew 25d	-0.7%	-4.0%	1.8%	-0.9%	-2.7%
Skew 10d	-3.3%	-12.1%	2.8%	-0.5%	-0.9%
Call IV 25d	49.9%	36.9%	58.5%	49.5%	40.1%
Put IV 25d	49.2%	37.1%	58.2%	48.6%	37.4%
Bid-Ask Spread %	18.30	8.75	31.13	29.52	23.07
Gamma HHI	0.07	0.04	0.36	0.05	0.07
Net GEX	69.8M	17.0M	178.2M	26.8M	32.9M
Net DEX	-1.66B	-3.53B	-621.7M	-652.5M	-1.23B
Net VEX	-21.8M	-23.4M	-18.6M	-18.6M	-22.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.14	0.62	0.39	0.36
Total Volume	242,148.826	74,990	706,518	150,400	242,019
Total OI	1,889,155	1,601,319	2,215,023	1,601,319	2,215,023

Daily Data (23 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
2025-10-01	$66.58	$70.00	48.0%	9.6%	30.0%	47.2%	35.1%	-0.9%	-2.1%	26.8M	-652.5M	-18.6M	0.39	29.52	108,184	42,216	1,049,080	552,239
2025-10-02	$68.74	$70.00	47.3%	9.3%	31.8%	45.7%	33.5%	-0.7%	-2.3%	69.0M	-1.28B	-19.7M	0.30	31.13	92,784	27,992	1,091,273	569,522
2025-10-03	$69.35	$70.00	46.8%	9.1%	32.0%	44.7%	32.8%	-0.9%	-2.2%	69.2M	-1.45B	-19.8M	0.37	29.52	153,275	57,395	1,097,288	569,885
2025-10-06	$71.44	$67.50	50.6%	13.0%	33.6%	52.6%	46.3%	-3.1%	-3.1%	79.5M	-1.96B	-20.6M	0.16	20.83	277,021	42,973	1,065,005	568,260
2025-10-07	$74.26	$67.50	53.1%	13.7%	35.6%	58.1%	49.7%	-3.3%	-2.8%	107.0M	-2.92B	-22.3M	0.15	8.75	513,509	77,220	1,135,091	583,973
2025-10-08	$76.19	$67.50	51.7%	13.4%	33.1%	55.2%	48.3%	-4.0%	-2.8%	132.9M	-3.53B	-23.2M	0.16	11.54	230,843	37,217	1,217,434	592,349
2025-10-09	$75.68	$67.50	51.6%	13.6%	32.4%	54.9%	48.4%	-4.0%	-2.9%	133.2M	-3.36B	-23.4M	0.14	15.24	206,637	28,800	1,241,902	603,567
2025-10-10	$70.47	$67.50	53.4%	14.2%	42.5%	58.7%	51.9%	-2.2%	-4.4%	78.5M	-1.76B	-22.4M	0.26	27.92	268,303	68,867	1,271,710	610,184
2025-10-13	$69.06	$67.50	53.1%	14.0%	43.2%	58.0%	50.9%	-2.4%	-3.2%	50.0M	-1.37B	-21.6M	0.24	19.65	209,113	49,279	1,245,206	596,682
2025-10-14	$69.04	$67.50	52.0%	14.1%	43.2%	55.6%	50.6%	0.1%	-3.0%	54.2M	-1.39B	-21.9M	0.23	21.11	133,636	30,266	1,295,490	621,321
2025-10-15	$68.19	$67.50	53.2%	13.9%	42.1%	58.3%	50.0%	0.1%	-4.9%	40.3M	-1.13B	-21.7M	0.28	14.25	99,562	27,544	1,324,698	629,127
2025-10-16	$65.91	$67.50	56.2%	15.2%	43.7%	64.7%	53.7%	1.6%	-3.4%	17.0M	-621.7M	-21.2M	0.61	26.71	150,475	91,756	1,344,747	636,915
2025-10-17	$67.58	$67.50	52.7%	14.4%	44.7%	57.3%	52.4%	0.0%	-4.6%	21.6M	-1.10B	-22.0M	0.31	18.81	118,941	36,808	1,387,872	667,162
2025-10-20	$69.34	$70.00	50.2%	14.1%	45.5%	51.8%	49.8%	1.4%	-1.8%	67.0M	-1.57B	-22.4M	0.29	11.79	77,758	22,882	1,266,084	608,847
2025-10-21	$70.08	$68.00	50.8%	14.4%	45.6%	53.1%	50.2%	1.3%	-3.1%	78.1M	-1.74B	-22.6M	0.47	9.84	77,678	36,292	1,285,998	615,279
2025-10-22	$68.19	$68.00	51.9%	14.9%	46.7%	55.5%	51.6%	1.8%	-6.2%	56.9M	-1.28B	-21.9M	0.49	9.89	58,835	28,719	1,291,113	626,759
2025-10-23	$69.77	$68.00	50.5%	14.6%	47.0%	52.5%	51.7%	1.4%	-4.0%	79.1M	-1.66B	-22.5M	0.56	17.45	48,191	26,799	1,304,650	642,152
2025-10-24	$70.03	$68.00	48.1%	14.2%	47.0%	47.3%	50.9%	0.9%	-4.5%	178.2M	-1.75B	-22.4M	0.34	13.23	115,578	38,755	1,312,254	647,954
2025-10-27	$70.63	$69.00	48.8%	14.7%	45.2%	48.8%	52.2%	0.1%	-1.6%	60.4M	-1.83B	-22.5M	0.62	8.98	182,996	113,076	1,224,771	630,976
2025-10-28	$73.57	$69.00	36.6%	10.9%	44.6%	22.7%	39.8%	0.2%	-1.7%	108.2M	-2.59B	-22.9M	0.29	14.59	545,700	160,818	1,293,801	697,209
2025-10-29	$69.89	$70.00	38.3%	11.8%	48.8%	26.3%	42.0%	-0.8%	-0.8%	45.6M	-1.24B	-21.8M	0.30	26.38	280,448	83,385	1,349,811	721,766
2025-10-30	$68.06	$70.00	38.0%	11.2%	48.5%	25.7%	40.3%	-1.0%	-0.8%	20.1M	-789.7M	-21.7M	0.45	10.72	171,538	77,340	1,405,807	742,329
2025-10-31	$69.28	$70.00	37.6%	11.2%	48.8%	24.8%	41.0%	-2.7%	-1.3%	32.9M	-1.23B	-22.6M	0.36	23.07	178,218	63,801	1,458,936	756,087