PYPL Options History — April 2026

In April 2026, PYPL traded between $44.68 and $51.39. ATM implied volatility averaged 51.0%, placing in the 60.0% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 15.6% (HV 20d: 35.4%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 5 of 14 days. Put/call ratio averaged 0.40.

Notable Days

2026-04-17: Highest Volume — 205,559 contracts
2026-04-06: Largest IV spike — 16.7% change
2026-04-20: Highest IV Rank — 82.4%
2026-04-07: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.55	$44.68	$51.39	$44.68	$50.88
Max Pain	$49.64	$45.00	$50.00	$45.00	$50.00
ATM IV	51.0%	43.8%	54.3%	43.8%	50.0%
Expected Move	14.6%	12.6%	15.6%	12.6%	14.3%
HV 20d	35.4%	33.2%	38.1%	34.7%	33.2%
HV 60d	58.1%	57.4%	58.9%	57.4%	58.7%
IV Rank	60.0%	37.7%	82.4%	37.7%	77.0%
IV Percentile	89.3%	68.7%	96.0%	68.7%	87.7%
Term Structure	0.5%	-4.3%	11.1%	10.6%	-1.7%
VWIV	51.3%	44.0%	55.7%	44.0%	54.6%
Skew 25d	2.4%	-0.3%	4.5%	3.6%	0.5%
Skew 10d	4.4%	-5.9%	8.7%	5.7%	1.9%
Call IV 25d	49.5%	41.5%	52.6%	41.8%	50.3%
Put IV 25d	51.9%	43.6%	54.6%	45.4%	50.9%
Bid-Ask Spread %	15.04	9.70	24.21	16.87	16.02
Gamma HHI	0.08	0.05	0.17	0.06	0.08
Net GEX	35.7M	18.7M	61.7M	18.7M	53.7M
Net DEX	-471.0M	-1.29B	29.5M	29.5M	-921.8M
Net VEX	-16.3M	-18.2M	-14.6M	-15.5M	-18.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.16	1.15	0.47	0.33
Total Volume	89,223.357	23,979	205,559	40,751	114,088
Total OI	2,004,763.286	1,911,235	2,103,239	1,989,935	1,940,596

Daily Data (14 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
2026-04-01	$44.68	$45.00	43.8%	12.6%	34.7%	37.7%	44.0%	3.6%	10.6%	18.7M	29.5M	-15.5M	0.47	16.87	27,693	13,058	1,388,837	601,098
2026-04-02	$45.21	$50.00	44.6%	12.8%	34.3%	39.4%	51.8%	2.1%	11.1%	26.3M	-49.3M	-15.5M	0.19	24.21	81,031	15,226	1,396,182	602,758
2026-04-06	$45.79	$50.00	52.1%	14.9%	34.4%	55.6%	51.6%	1.6%	-2.8%	24.1M	-149.6M	-15.6M	0.44	15.68	39,800	17,567	1,385,649	585,482
2026-04-07	$44.99	$50.00	54.3%	15.6%	34.3%	60.4%	52.5%	-0.3%	-3.2%	19.0M	-9.1M	-15.3M	0.65	17.00	14,548	9,431	1,399,644	594,784
2026-04-08	$45.78	$50.00	52.0%	14.9%	34.6%	55.4%	49.2%	4.5%	-2.2%	25.7M	-137.7M	-15.4M	1.15	14.68	25,026	28,666	1,400,852	598,703
2026-04-09	$45.94	$50.00	52.8%	15.1%	34.2%	57.1%	48.9%	3.7%	-4.3%	27.0M	-128.9M	-15.3M	0.36	13.38	42,228	15,092	1,407,024	603,904
2026-04-10	$45.28	$50.00	50.9%	14.6%	33.4%	53.0%	49.4%	3.0%	-1.6%	20.2M	-3.8M	-14.6M	0.41	9.70	83,560	34,426	1,416,191	609,907
2026-04-13	$47.53	$50.00	53.6%	15.4%	37.4%	58.8%	52.1%	3.9%	3.3%	31.5M	-450.7M	-16.1M	0.21	15.97	106,529	22,414	1,393,903	589,729
2026-04-14	$48.03	$50.00	51.3%	14.7%	36.6%	53.9%	50.7%	2.4%	1.3%	41.6M	-618.5M	-16.6M	0.32	10.16	49,848	15,872	1,433,164	598,958
2026-04-15	$49.63	$50.00	51.4%	14.7%	38.1%	61.8%	51.0%	3.4%	3.0%	49.0M	-917.3M	-17.4M	0.17	12.35	81,593	13,762	1,442,303	604,344
2026-04-16	$49.85	$50.00	52.9%	15.2%	37.9%	65.6%	53.5%	1.9%	-2.1%	53.3M	-973.9M	-17.2M	0.21	12.55	97,527	20,535	1,450,446	607,754
2026-04-17	$50.66	$50.00	52.9%	15.2%	37.9%	82.4%	53.5%	1.7%	-2.8%	61.7M	-1.29B	-18.1M	0.16	14.83	176,961	28,598	1,489,013	614,226
2026-04-20	$51.39	$50.00	51.6%	14.8%	34.6%	82.4%	55.7%	1.7%	-1.6%	48.0M	-977.5M	-18.1M	0.53	17.19	48,346	25,702	1,361,993	549,242
2026-04-21	$50.88	$50.00	50.0%	14.3%	33.2%	77.0%	54.6%	0.5%	-1.7%	53.7M	-921.8M	-18.2M	0.33	16.02	85,794	28,294	1,381,176	559,420