Financials

PayPal (PYPL) options and signal

Figures as of 28 Sep 2026

PYPL is PayPal, a Financials name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	95 of 100	28 Sep
At the money IV	53.7%	28 Sep
Priced move to 30 Oct	15.0% down, 14.8% up	28 Sep
Call wall and put wall	60 and 50	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	54.28	28 Sep
Next report	27 Oct 2026	28 Sep

Options Snapshot

PYPL's IV rank is 95 of 100 on 28 Sep 2026.

Figure	Value
IV rank	95 of 100
At the money IV	53.7%, near month, 32 days
Put/call ratio, open interest	0.54
Call open interest, strikes captured near the price	482,000 contracts
Put open interest, strikes captured near the price	259,000 contracts
Cost to trade at the money	Wide, 46.8% of the option's mid price

IV rank is where the at the money IV sits among PYPL's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, PYPL options priced a move of 15.0 percent down and 14.8 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	4.1%	5.0%	52.08 to 57.00
9 Oct 2026	11	6.4%	7.5%	50.80 to 58.36
23 Oct 2026	25	10.4%	10.9%	48.61 to 60.22
30 Oct 2026	32	15.0%	14.8%	46.12 to 62.32
20 Nov 2026	53	15.6%	16.8%	45.80 to 63.42
18 Dec 2026	81	18.6%	19.7%	44.18 to 64.98
19 Mar 2027	172	28.7%	29.1%	38.68 to 70.08

The range is one standard deviation either side of the close of 54.28, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, PYPL's call wall is the 60 strike and its put wall is the 50 strike.

Figure	Value
Call wall, most open call gamma	60
Put wall, most open put gamma	50
Flip strike, where net gamma changes sign	53.43
Net dollar gamma, calls minus puts	$19.9 million
Total dollar gamma, both sides	$68.73 million
Close	54.28

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, PYPL's at the money IV is 53.7 percent against 20 day realized volatility of 35.8 percent.

Figure	Value
At the money IV	53.7%
Realized volatility, 20 trading days	35.8%
Realized volatility, 60 trading days	51.3%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	576, from 24 Jul 2015
Weeks the price moved more than the one week priced move	24.6% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, PYPL's at the money IV runs from 42.5 percent at 4 days to 41.5 percent at 172 days.

Days to expiry	At the money IV
4	42.5%
11	43.8%
18	41.6%
25	47.7%
39	50.0%
53	41.9%
81	39.9%
172	41.5%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, PYPL's IV ten percent below the price sits 2.8 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	56.4%	+2.8 points
At the money	53.7%	0.0 points
10% above the price	53.9%	+0.2 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, PYPL's surface spans 10 expiries out to 172 days, with IV from 38.8 to 65.4 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	75
Lowest IV among them	38.8%
Highest IV among them	65.4%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, PYPL has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	42.5%	49,496	20,873
9 Oct 2026	11	43.8%	5,843	2,711
16 Oct 2026	18	41.6%	72,027	35,759
23 Oct 2026	25	47.7%	5,000	1,577
30 Oct 2026	32	53.7%	2,702	1,571
6 Nov 2026	39	50.0%	153	218
20 Nov 2026	53	41.9%	42,344	28,812
18 Dec 2026	81	39.9%	85,658	53,996
15 Jan 2027	109	41.4%	194,672	92,341
19 Mar 2027	172	41.5%	23,676	20,750

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, PYPL's largest open interest sits at the 60 strike, with 103,163 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
60	86,615	16,548	103,163
50	25,817	38,737	64,554
55	42,166	22,266	64,432
65	49,668	11,495	61,163
45	9,473	29,715	39,188
70	35,472	2,548	38,020

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, PYPL's at the money IV moved from 45.3 percent to 53.7 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	45.3%	53.7%	+8.4 points
Open interest, strikes captured near the price	710,348	740,179	+29,831
Put/call ratio, open interest	0.55	0.54	-0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 39,061 PYPL option contracts traded, 0.5 times its own recent average.

Figure	Value
Calls traded	25,779
Puts traded	13,282
Against its recent average	0.5 times
Busier than	5 of its last 20 trading days
Open interest, whole chain	1.01 million contracts
Volume to open interest	0.04
Unusual volume flag	Yes, 2 contracts traded well above open interest
Largest flagged contract	The 55 call expiring 9 Oct, 819 traded against 312 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of PYPL's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	59.00	$38.29 million	60	55
21 Sep 2026	52.62	$6.68 million	55	50
28 Sep 2026	54.28	$19.9 million	60	50

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of PYPL was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	54.60, the swing high of 14 Sep 2026
Level below the close	51.81, the swing low of 23 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 PYPL sat at the 42nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	72 of 100	Neutral
20 trading days	68 of 100	Neutral
45 trading days	42 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 PYPL's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 PYPL had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	42 of 100
24 Sep 2026	None	59 of 100
23 Sep 2026	None	72 of 100
22 Sep 2026	None	38 of 100
21 Sep 2026	None	39 of 100
18 Sep 2026	None	18 of 100
17 Sep 2026	None	24 of 100
16 Sep 2026	None	21 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 63 of 135 Financials names were bullish and 32 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Financials	135	63	32	40

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

PYPL closed at 54.28 on 28 Sep 2026.

Figure	Value
Last close	54.28
Change over 5 trading days	+3.2%
Change over 21 trading days	-11.7%
Change over 63 trading days	+22.3%
Change over 252 trading days	-18.7%
52 week high	79.22
52 week low	38.46
20 day moving average	53.49
50 day moving average	56.75
200 day moving average	50.42
RSI, 14 days	49

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

PYPL reports next on 27 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	27 Oct 2026, before the open
Date	Confirmed by the company
Move after the report of 28 Jul 2026	+4.0%
Move after the report of 5 May 2026	-7.7%
Move after the report of 3 Feb 2026	-20.3%
Move after the report of 28 Oct 2025	+3.9%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 65.3 percent of PYPL's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	65.3%
Five day average	52.2%
52 week median	42.1%
Short interest, share of shares outstanding	3.3% at the 15 Sep 2026 settlement
Days to cover	2.7

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 11 Septembers on record, PYPL's average change was minus 2.9 percent, and it rose in 27.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.9%	-4.9%	27.3%	11
October	+0.2%	+0.5%	54.5%	11
November	+0.2%	+1.9%	54.5%	11

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 8 headlines naming PYPL in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	8
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is PYPL's IV rank?: PYPL's IV rank is 95 of 100 on 28 Sep 2026.
What move are PYPL options pricing?: On 28 Sep 2026, PYPL options priced a move of 15.0 percent down and 14.8 percent up by 30 Oct 2026.
Where are PYPL's call wall and put wall?: On 28 Sep 2026, PYPL's call wall is the 60 strike and its put wall is the 50 strike.
What was the desk's latest view of PYPL on the Free plan?: On 25 Sep 2026 the desk's view of PYPL was neutral, paper trading.
When does PYPL report earnings next?: PYPL reports next on 27 Oct 2026, a date confirmed by the company.

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Guides and the full list

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