PayPal (PYPL) Options Chain

NASDAQ: PYPLIndustrialsDiversified Commercial ServicesUSD

55.53+0.51 (+0.93%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $55.53
Put/call ratio (OI): 0.11
Put/call ratio (volume): 0.65
ATM implied volatility: 34.8%
Expected move: ±$21.90
Open interest (C / P): 434.34K / 49.75K

PYPL options summary

The PYPL options chain for the January 21, 2028 expiration lists 33 call and 33 put contracts, with 468 days until expiration. Open interest stands at 434,340 calls and 49,748 puts, a put/call ratio of 0.11, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $55.00 strike is 34.8%, which implies the market expects a move of about ±$21.90 (39.4%) in PayPal stock by expiration.

The most open interest sits at the $70.00 call (95.35K contracts) and the $35.00 put (7.75K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

PYPL options chain · January 21, 2028

PYPL calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
458	3	76.1%	33.88	33.50	37.10	20.00	0.00	0.37	0.11	53.5%	6	118
0	1	—	36.49	0.00	0.00	22.50	0.05	0.31	0.10	46.2%	2	941
48	5	53.6%	28.42	29.00	34.00	25.00	0.00	0.52	0.30	46.0%	2	213
93	25	65.1%	27.07	27.00	30.55	27.50	0.00	2.25	0.50	50.1%	13	307
1,842	4	59.6%	26.47	25.20	28.15	30.00	0.32	0.72	0.38	39.8%	19	1,077
250	1	58.4%	23.92	22.50	26.25	32.50	0.00	1.07	1.47	39.6%	64	1,917
545	11	54.7%	20.65	20.50	24.05	35.00	0.50	1.11	1.00	35.7%	1	7,753
63	1	52.3%	18.90	18.50	22.05	37.50	0.89	1.44	1.34	34.4%	32	1,509
3,000	4	49.4%	18.80	16.50	20.00	40.00	1.40	2.00	1.80	34.2%	14	7,477
559	1	47.8%	17.00	14.80	18.20	42.50	2.00	2.87	2.35	35.2%	2	2,625
2,490	2	49.9%	15.41	13.90	17.20	45.00	2.45	3.55	2.97	34.2%	2	6,776
233	4	43.3%	13.20	13.35	14.50	47.50	2.28	4.05	4.05	31.9%	40	2,475
3,826	5	39.6%	12.40	11.90	12.40	50.00	3.80	4.70	4.55	30.1%	2	6,207
280	1	39.9%	10.44	10.00	11.25	52.50	3.00	6.45	5.95	32.4%	5	397
11,953	11	39.3%	9.60	8.65	10.00	55.00	5.95	7.30	7.20	30.4%	8	1,952
PYPL $55.53
714	2	39.5%	7.20	6.50	9.05	57.50	7.50	8.90	7.95	31.0%	2	324
7,104	21	36.9%	7.18	6.90	7.50	60.00	8.30	9.95	10.65	28.9%	10	1,536
4,987	1	37.4%	6.10	5.20	6.80	62.50	10.00	11.70	12.37	29.1%	1	1,716
3,008	2	36.1%	5.07	5.20	5.75	65.00	10.40	14.10	14.50	31.6%	1	985
1,238	1	42.3%	3.95	3.60	6.60	67.50	12.90	15.20	14.05	28.3%	1	453
95,354	200	36.3%	4.15	3.70	4.55	70.00	14.00	17.05	16.75	27.6%	1	463
487	1	37.5%	3.25	1.00	4.30	72.50	16.00	20.60	14.65	34.6%	6	81
91,327	2	36.9%	2.90	2.11	3.70	75.00	19.15	20.80	20.70	24.9%	10	1,036
809	1	35.8%	2.80	2.20	3.05	77.50	21.80	23.20	22.80	26.0%	10	1,388
3,335	5	34.9%	1.92	1.95	2.50	80.00	22.50	27.40	26.95	37.1%	8	21
341	10	34.0%	1.86	1.31	2.03	82.50	25.50	30.00	23.83	39.3%	10	1
632	4	36.2%	1.45	0.82	2.15	85.00	27.00	32.00	32.40	38.3%	1	0
84,049	3	34.3%	1.15	0.80	1.40	90.00	32.00	37.00	35.90	41.2%	8	0
77,585	1	35.9%	0.95	0.54	1.27	95.00	37.00	42.00	54.00	44.0%	9	0
12,722	102	34.1%	0.57	0.51	0.79	100.00	42.00	45.65	46.32	37.6%	12	0
802	1	36.1%	0.35	0.25	0.79	105.00	57.50	62.50	52.92	85.1%	—	0
8,007	3	34.6%	0.36	0.20	0.50	110.00	52.00	56.65	55.85	48.8%	8	0
16,199	42	32.8%	0.24	0.20	0.28	115.00	71.50	76.00	68.78	104.9%	3	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the PYPL put/call ratio?

For the January 21, 2028 expiration, the PYPL put/call ratio based on open interest is 0.11 (49,748 puts vs 434,340 calls), and 0.65 based on today's volume. A ratio above 1 means more puts than calls.

What is PYPL's implied volatility?

At-the-money implied volatility for PYPL options expiring January 21, 2028 is about 34.8%, an annualized estimate of how much the market expects PayPal stock to move.

How many PYPL option expiration dates are there?

PYPL has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.