PYPL Options History — March 2026

In March 2026, PYPL traded between $43.49 and $47.77. ATM implied volatility averaged 43.9%, placing in the 38.0% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 1.8% (HV 20d: 45.7%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2026-03-03: Highest Volume — 108,160 contracts
  • 2026-03-16: Largest IV drop — 10.0% change
  • 2026-03-03: Highest IV Rank — 47.3%
  • 2026-03-03: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.51$43.49$47.77$45.71$45.34
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV43.9%37.9%48.2%46.8%44.4%
Expected Move12.6%11.1%15.0%14.6%12.7%
HV 20d45.7%34.6%92.3%91.8%34.6%
HV 60d55.7%54.8%57.4%54.8%57.4%
IV Rank38.0%24.9%47.3%44.3%38.9%
IV Percentile72.4%54.8%87.3%83.3%71.0%
Term Structure0.8%-4.0%10.4%-2.2%10.1%
VWIV44.5%39.8%51.7%51.7%44.6%
Skew 25d2.9%-8.0%8.6%-1.9%5.1%
Skew 10d9.3%2.0%27.1%7.3%7.6%
Call IV 25d42.7%37.6%48.7%48.7%42.0%
Put IV 25d45.5%40.4%52.0%46.8%47.1%
Bid-Ask Spread %23.4912.8139.9034.9413.22
Gamma HHI0.060.050.110.050.05
Net GEX24.9M10.8M40.3M25.9M20.9M
Net DEX-94.8M-431.8M136.7M-97.2M-75.0M
Net VEX-16.3M-17.5M-15.2M-16.9M-15.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.210.990.510.99
Total Volume64,760.231,000108,16085,17840,879
Total OI2,172,548.31,917,1252,322,3962,259,8081,970,892

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$45.71$45.0046.8%14.6%91.8%44.3%51.7%-1.9%-2.2%25.9M-97.2M-16.9M0.5134.9456,52828,6501,615,832643,976
2026-03-03$46.59$45.0048.2%15.0%92.3%47.3%50.0%-8.0%-2.1%29.6M-243.7M-17.1M0.4829.2872,90235,2581,628,107649,054
2026-03-04$47.08$45.0044.2%12.7%43.2%38.5%46.3%2.5%-0.5%35.3M-285.6M-17.5M0.3132.0958,73618,2431,632,529662,479
2026-03-05$47.77$45.0046.9%12.3%41.4%44.4%42.7%2.1%0.0%40.3M-431.8M-17.5M0.5232.6852,42927,4191,648,588661,101
2026-03-06$46.93$45.0046.7%13.0%40.6%44.0%44.4%2.9%-0.2%39.6M-274.5M-17.0M0.5039.9064,66132,1151,655,698666,698
2026-03-09$46.27$45.0046.9%12.4%41.4%44.3%43.9%6.9%-4.0%25.4M-124.1M-17.0M0.4137.1644,80918,5551,593,811618,275
2026-03-10$45.09$45.0045.3%12.8%42.4%41.0%46.3%0.8%-0.3%20.5M129.8M-15.2M0.2138.3842,2809,0891,604,582624,057
2026-03-11$45.55$45.0044.3%12.2%42.4%38.8%46.2%2.5%-2.2%24.2M-45.7M-16.7M0.4033.1039,96616,0311,624,551621,123
2026-03-12$44.69$45.0043.8%13.9%41.4%37.6%43.4%4.0%0.6%21.4M20.1M-16.2M0.5816.5036,91821,2531,642,029628,335
2026-03-13$44.91$45.0044.6%12.5%39.8%39.4%43.5%2.4%-2.7%25.9M-6.3M-15.8M0.6315.8933,61521,0821,648,826625,180
2026-03-16$45.55$45.0040.2%11.5%39.3%29.8%41.6%4.0%0.4%25.2M-138.9M-16.3M0.7315.4129,26321,4181,610,084606,829
2026-03-17$46.27$45.0037.9%11.1%39.3%24.9%39.8%4.3%1.2%31.5M-296.1M-17.0M0.4119.1239,16816,2411,622,144612,641
2026-03-19$44.56$45.0040.6%11.6%42.0%30.8%41.8%2.6%0.1%22.2M15.5M-15.9M0.2916.6841,42811,9411,652,364620,663
2026-03-20$43.49$45.0041.7%12.0%43.1%33.2%42.0%2.7%1.3%10.8M136.7M-15.3M0.6713.1445,28630,2691,668,082615,555
2026-03-23$45.67$45.0041.6%12.0%46.1%33.0%42.3%6.3%0.2%22.2M-124.2M-16.1M0.3512.9479,64327,8701,363,581553,544
2026-03-24$44.24$45.0042.0%11.8%43.4%33.7%43.9%2.5%1.6%17.7M24.6M-15.9M0.3315.2442,71413,9501,387,609568,430
2026-03-25$44.73$45.0041.3%11.7%37.3%32.3%41.5%3.6%0.3%20.2M-26.7M-15.7M0.4222.6421,8109,1901,395,563574,114
2026-03-26$45.18$45.0043.9%12.5%37.2%37.8%45.5%3.1%3.5%24.7M-69.0M-16.0M0.9218.7024,34522,3201,401,575579,015
2026-03-30$44.58$45.0047.5%13.0%34.6%45.7%48.7%8.6%10.4%15.0M17.0M-15.8M0.5312.8130,71816,2121,369,877583,573
2026-03-31$45.34$45.0044.4%12.7%34.6%38.9%44.6%5.1%10.1%20.9M-75.0M-15.8M0.9913.2220,58020,2991,381,976588,916