PYPL Options History — February 2026

In February 2026, PYPL traded between $39.25 and $52.53. ATM implied volatility averaged 41.8%, placing in the 33.4% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 39.3% (HV 20d: 81.1%). Max pain ranged from $45.00 to $60.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.44.

Notable Days

  • 2026-02-03: Highest Volume — 843,124 contracts
  • 2026-02-23: Largest IV spike — 31.3% change
  • 2026-02-02: Highest IV Rank — 52.4%
  • 2026-02-02: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.80$39.25$52.53$52.53$46.28
Max Pain$48.16$45.00$60.00$60.00$45.00
ATM IV41.8%36.6%50.6%50.6%47.2%
Expected Move12.3%10.5%17.3%17.3%13.3%
HV 20d81.1%23.5%91.8%23.5%91.8%
HV 60d50.8%24.7%54.8%24.7%54.8%
IV Rank33.4%22.2%52.4%52.4%45.0%
IV Percentile71.1%55.6%90.5%90.5%84.5%
Term Structure-0.0%-3.7%2.9%-1.2%-3.4%
VWIV43.6%37.2%61.1%61.1%47.1%
Skew 25d2.0%-2.2%7.1%1.5%-0.4%
Skew 10d2.5%-12.6%10.3%-2.3%1.7%
Call IV 25d41.4%36.6%48.5%48.4%47.4%
Put IV 25d43.4%38.1%55.6%49.8%47.0%
Bid-Ask Spread %25.479.8356.059.8331.16
Gamma HHI0.060.040.110.050.05
Net GEX13.7M-11.7M39.4M502.6K26.4M
Net DEX480.2M-615.1M1.82B379.4M-380.5M
Net VEX-14.8M-18.5M-11.2M-18.5M-17.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.191.031.030.34
Total Volume232,242.57967,347843,124320,280132,044
Total OI2,222,678.3681,835,9792,391,0561,835,9792,391,056

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$52.53$60.0050.6%17.3%23.5%52.4%61.1%1.5%-1.2%502.6K379.4M-18.5M1.039.83158,076162,2041,206,666629,313
2026-02-03$41.98$57.5040.6%12.4%80.3%30.8%43.3%-0.8%-3.7%-11.7M1.82B-11.2M0.7214.10490,597352,5271,280,636701,768
2026-02-04$40.81$55.0040.1%11.8%79.9%29.7%41.4%0.8%0.3%-2.1M1.45B-11.9M0.4516.71216,04696,6311,459,883701,176
2026-02-05$39.78$55.0042.5%11.8%79.9%34.8%41.4%2.3%-0.5%-2.3M1.32B-12.0M0.9218.94217,398199,8661,542,553694,500
2026-02-06$40.15$50.0038.0%10.9%80.4%25.1%38.3%2.3%-0.6%9.8M879.6M-12.9M0.3525.80139,84848,8271,620,957647,757
2026-02-09$41.18$50.0038.1%10.9%81.9%25.3%38.5%1.8%-0.4%11.7M682.5M-13.3M0.3330.00128,83242,5611,503,367623,092
2026-02-10$41.49$47.5037.0%10.5%82.2%23.0%37.2%1.4%-0.4%15.6M543.5M-14.3M0.3129.9597,54530,1591,563,887630,193
2026-02-11$40.27$45.0037.9%11.1%82.4%24.9%39.4%2.3%0.7%4.7M741.2M-13.5M0.3824.8474,70728,2291,584,960635,562
2026-02-12$39.25$45.0039.9%11.5%81.3%29.3%40.9%2.5%0.3%-1.6M812.1M-13.5M0.6723.15116,39377,7041,614,197641,384
2026-02-13$40.27$45.0039.7%11.6%82.9%28.9%40.7%2.2%1.1%12.3M577.8M-14.3M0.3118.39118,37536,9771,658,569645,568
2026-02-17$40.84$45.0040.6%11.7%83.4%30.7%40.2%3.5%0.2%13.8M428.4M-15.5M0.3615.8577,23627,5461,630,511635,620
2026-02-18$41.59$45.0037.5%10.7%84.2%24.0%38.5%3.2%0.4%19.2M334.0M-15.7M0.3320.4559,12119,2861,647,169646,361
2026-02-19$41.64$45.0038.5%11.0%83.6%26.2%39.3%4.5%0.3%22.0M333.9M-15.7M0.4921.4045,04822,2991,669,432652,170
2026-02-20$41.55$45.0036.6%10.5%83.0%22.2%38.1%3.4%-0.0%24.0M316.5M-15.8M0.2727.0482,66922,1591,685,713655,196
2026-02-23$44.01$45.0048.1%14.0%86.9%47.0%50.2%1.7%-0.6%19.3M144.4M-15.3M0.1932.81302,30956,7051,523,166607,490
2026-02-24$46.79$45.0048.9%14.8%90.7%48.7%55.1%7.1%2.7%31.1M-445.1M-17.1M0.2456.05180,97442,9361,610,849626,892
2026-02-25$47.38$45.0046.8%13.8%90.9%44.1%50.8%-2.2%1.5%39.4M-615.1M-17.7M0.2734.22232,56463,1601,662,753642,804
2026-02-26$45.50$45.0045.6%13.3%91.4%41.5%47.1%1.1%2.9%27.7M-206.0M-16.6M0.3633.18156,32356,7281,697,303660,416
2026-02-27$46.28$45.0047.2%13.3%91.8%45.0%47.1%-0.4%-3.4%26.4M-380.5M-17.1M0.3431.1698,23033,8141,712,856678,200