PYPL Options
PYPL $54.57 · Updated Oct 26, 4:00 PM ET
PYPL is at $54.57. The nearest expiration, Oct 30, 2026 (4 days out), lists 38 strikes, with 16,803 calls and 26,076 puts traded in the latest session. At-the-money implied volatility is 97.5%. The at-the-money straddle prices a move of about $4.49 (8.2%) by expiration.
PYPL Options Chain
PYPL is at $54.57. The nearest expiration, Oct 30, 2026 (4 days out), lists 38 strikes, with 16,803 calls and 26,076 puts traded in the latest session. At-the-money implied volatility is 97.5%. The at-the-money straddle prices a move of about $4.49 (8.2%) by expiration.
PYPL Gamma Exposure (GEX)
PYPL total dealer gamma exposure is $11M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $48.20, with spot 13.2% above it. The call wall is $60.00 and the put wall $50.00.
PYPL Max Pain
PYPL max pain for Oct 30, 2026 (4 days out) is $56.00, 2.6% above the current $54.57. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $56.00.
PYPL Put/Call Ratio
Across every listed PYPL expiration, the put/call ratio is 1.23 by volume and 0.46 by open interest. More puts than calls are trading, a defensive tilt. 270,597 puts and 590,161 calls are open in total.
PYPL Implied Volatility
PYPL at-the-money implied volatility is 97.5% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 45.2%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
PYPL Open Interest by Strike
Across all PYPL expirations, the largest call open interest near the current $54.57 sits at the $60.00 strike (54,111 contracts) and the largest put open interest at $50.00 (28,773). 590,161 calls and 270,597 puts are open in total.
PYPL Expected Move
The options market prices PYPL to move about $4.49 (8.2%) by Oct 30, 2026, a range of $50.08 to $59.06. For Nov 27, 2026 (32 days out) the expected move is $5.88 (10.8%).