PYPL Options History — December 2025

In December 2025, PYPL traded between $58.55 and $63.01. ATM implied volatility averaged 30.5%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 4.1% (HV 20d: 26.4%). Max pain ranged from $62.50 to $65.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.47.

Notable Days

2025-12-03: Highest Volume — 178,427 contracts
2025-12-17: Largest IV spike — 4.6% change
2025-12-03: Highest IV Rank — 14.1%
2025-12-03: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.73	$58.55	$63.01	$62.84	$58.55
Max Pain	$64.55	$62.50	$65.00	$65.00	$62.50
ATM IV	30.5%	27.4%	32.9%	32.3%	27.4%
Expected Move	8.8%	7.6%	10.1%	9.8%	7.6%
HV 20d	26.4%	18.6%	32.8%	32.8%	18.6%
HV 60d	37.1%	34.5%	38.5%	38.2%	34.5%
IV Rank	8.9%	2.3%	14.1%	12.8%	2.3%
IV Percentile	29.0%	2.0%	47.6%	46.4%	2.0%
Term Structure	1.8%	-1.6%	12.6%	0.5%	12.6%
VWIV	31.5%	26.8%	37.0%	37.0%	26.8%
Skew 25d	1.5%	-0.5%	2.7%	2.4%	1.4%
Skew 10d	3.4%	0.4%	6.7%	5.7%	1.9%
Call IV 25d	30.1%	27.6%	32.0%	31.6%	27.6%
Put IV 25d	31.7%	28.1%	34.5%	34.0%	29.0%
Bid-Ask Spread %	16.28	8.19	26.43	16.73	9.49
Gamma HHI	0.06	0.04	0.12	0.05	0.05
Net GEX	8.2M	-26.0M	31.7M	27.4M	-2.2M
Net DEX	-31.5M	-423.2M	315.5M	-365.0M	185.4M
Net VEX	-18.2M	-19.4M	-17.1M	-18.9M	-17.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.18	1.02	0.39	0.43
Total Volume	101,296.409	64,102	178,427	106,968	125,402
Total OI	1,921,843.182	1,730,153	2,025,327	1,894,105	1,822,209

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
2025-12-01	$62.84	$65.00	32.3%	9.8%	32.8%	12.8%	37.0%	2.4%	0.5%	27.4M	-365.0M	-18.9M	0.39	16.73	76,733	30,235	1,285,362	608,743
2025-12-02	$63.01	$65.00	32.1%	10.0%	32.7%	12.5%	35.0%	2.6%	-0.5%	28.8M	-423.2M	-19.0M	0.43	20.77	69,658	30,005	1,305,746	623,942
2025-12-03	$61.36	$65.00	32.9%	10.1%	32.6%	14.1%	35.4%	2.6%	0.5%	6.6M	-10.1M	-18.9M	0.82	25.24	97,875	80,552	1,336,264	633,120
2025-12-04	$61.66	$65.00	32.2%	9.3%	31.0%	12.6%	32.5%	2.4%	1.3%	-19.9M	34.1M	-19.0M	0.71	14.03	94,284	67,371	1,350,034	668,540
2025-12-05	$62.42	$65.00	31.3%	9.1%	30.7%	10.6%	32.1%	1.5%	0.5%	12.3M	-333.2M	-19.4M	0.47	23.53	62,849	29,798	1,359,643	665,684
2025-12-08	$61.16	$65.00	32.5%	9.5%	31.3%	13.2%	34.0%	2.7%	1.5%	7.3M	-33.0M	-18.6M	0.63	8.19	41,083	25,995	1,311,596	625,866
2025-12-09	$60.72	$65.00	32.1%	9.3%	31.3%	12.5%	32.8%	1.7%	-0.1%	309.2K	91.7M	-18.4M	0.45	16.36	44,275	19,827	1,327,261	640,656
2025-12-10	$61.26	$65.00	31.4%	9.1%	30.4%	10.9%	31.6%	1.2%	0.4%	4.9M	14.3M	-18.6M	0.43	26.17	49,603	21,513	1,348,988	647,880
2025-12-11	$61.77	$65.00	31.2%	8.8%	30.7%	10.4%	30.8%	1.6%	-0.7%	12.3M	-92.3M	-18.7M	1.02	19.74	49,302	50,339	1,360,611	654,397
2025-12-12	$61.73	$65.00	30.7%	8.7%	29.8%	9.5%	31.8%	1.9%	-0.3%	16.7M	-180.2M	-18.9M	0.46	16.50	81,433	37,424	1,366,006	651,772
2025-12-15	$60.66	$65.00	30.9%	8.9%	27.3%	9.8%	31.2%	2.0%	-0.6%	-22.0K	50.9M	-18.3M	0.33	9.01	52,440	17,438	1,345,589	629,855
2025-12-16	$61.45	$65.00	30.4%	8.7%	26.9%	8.8%	30.9%	1.7%	0.5%	7.1M	-101.7M	-18.5M	0.34	12.06	60,097	20,394	1,355,955	635,536
2025-12-17	$60.39	$65.00	31.8%	9.1%	27.1%	11.8%	31.8%	2.1%	-1.6%	-6.3M	82.4M	-18.1M	0.18	8.39	68,325	12,116	1,371,134	638,275
2025-12-18	$59.58	$65.00	30.7%	8.8%	27.0%	9.4%	32.7%	1.6%	-0.1%	-26.0M	315.5M	-17.4M	0.42	16.24	125,109	53,167	1,376,210	633,291
2025-12-19	$59.42	$65.00	29.6%	8.5%	24.7%	6.9%	31.7%	1.4%	-0.2%	4.0M	277.3M	-17.4M	0.43	24.97	88,102	37,611	1,394,211	628,676
2025-12-22	$59.95	$65.00	28.9%	8.2%	19.9%	5.5%	29.4%	1.5%	1.1%	16.7M	-82.4M	-17.8M	0.38	9.12	62,254	23,626	1,193,268	536,885
2025-12-23	$59.48	$65.00	28.3%	8.1%	20.1%	4.2%	30.2%	0.1%	1.1%	12.0M	40.7M	-17.4M	0.31	26.43	67,122	20,880	1,216,858	545,878
2025-12-24	$59.97	$65.00	28.4%	8.0%	19.3%	4.4%	28.5%	-0.5%	0.3%	22.2M	-88.1M	-17.7M	0.36	18.22	48,107	17,434	1,234,464	553,062
2025-12-26	$59.99	$62.50	28.3%	8.0%	19.1%	4.2%	29.7%	-0.5%	1.2%	31.7M	-140.4M	-17.9M	0.65	15.77	65,158	42,267	1,247,790	549,516
2025-12-29	$59.50	$62.50	28.9%	8.0%	18.6%	5.5%	29.5%	1.0%	11.0%	14.4M	-3.0M	-17.7M	0.27	12.35	76,312	20,809	1,226,530	557,492
2025-12-30	$59.14	$62.50	28.0%	7.7%	18.6%	3.5%	27.4%	1.2%	11.9%	10.4M	66.6M	-17.4M	0.40	8.86	45,851	18,346	1,247,852	567,903
2025-12-31	$58.55	$62.50	27.4%	7.6%	18.6%	2.3%	26.8%	1.4%	12.6%	-2.2M	185.4M	-17.1M	0.43	9.49	87,399	38,003	1,252,199	570,010