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: Dec 15, 2028
Days to expiration: 796
Share price: $55.53
Put/call ratio (OI): 0.51
Put/call ratio (volume): 3.08
ATM implied volatility: 34.0%
Expected move: ±$27.89
Open interest (C / P): 36.90K / 18.74K

PYPL options summary

The PYPL options chain for the December 15, 2028 expiration lists 25 call and 25 put contracts, with 796 days until expiration. Open interest stands at 36,900 calls and 18,738 puts, a put/call ratio of 0.51, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $55.00 strike is 34.0%, which implies the market expects a move of about ±$27.89 (50.2%) in PayPal stock by expiration.

The most open interest sits at the $90.00 call (6.92K contracts) and the $35.00 put (3.11K contracts).

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

PYPL options chain · December 15, 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
446	4	51.0%	35.95	34.00	39.00	20.00	0.00	0.54	0.20	44.4%	9	208
76	3	69.3%	31.90	32.00	36.50	22.50	0.00	0.84	0.44	44.1%	2	177
411	2	61.1%	29.30	30.00	33.80	25.00	0.00	0.83	1.20	39.5%	1	164
436	2	56.6%	28.18	28.30	31.50	27.50	0.30	0.99	1.00	37.1%	4	386
738	20	56.9%	28.40	26.00	29.95	30.00	0.70	1.73	0.92	39.5%	3	515
104	1	54.0%	25.40	24.00	27.90	32.50	0.80	1.30	1.16	32.3%	10	172
299	10	49.1%	23.55	22.45	25.45	35.00	1.30	1.76	1.64	31.9%	2	3,110
1,232	1	47.2%	22.00	20.45	23.55	37.50	1.64	2.11	1.79	30.3%	2	677
2,059	3	47.7%	20.75	18.95	22.25	40.00	2.18	2.99	2.50	31.2%	4	3,075
464	1	46.4%	17.35	16.80	20.60	42.50	2.40	4.05	3.70	32.1%	41	480
1,037	31	42.0%	17.75	15.05	18.20	45.00	3.65	4.50	3.45	30.0%	200	1,357
302	1	43.0%	16.00	13.90	17.25	47.50	4.25	5.70	4.52	30.5%	1	213
3,800	7	39.8%	14.15	14.00	15.15	50.00	5.10	6.10	5.75	27.8%	2	1,709
359	1	42.9%	13.55	12.20	15.00	52.50	5.30	7.65	7.40	28.8%	5	1,311
1,364	4	41.5%	11.46	11.15	13.60	55.00	7.25	8.30	8.11	26.5%	20	1,117
PYPL $55.53
704	10	41.3%	10.55	8.90	12.60	57.50	7.00	10.30	8.25	28.1%	1	406
3,030	12	38.7%	9.75	8.95	10.90	60.00	9.10	11.45	10.21	26.8%	22	1,341
649	1	40.0%	8.44	6.50	10.50	62.50	10.00	13.20	13.00	27.0%	20	82
1,173	1	38.8%	8.00	6.20	9.35	65.00	11.10	14.80	14.50	26.4%	1	647
198	2	38.9%	7.36	5.50	8.70	67.50	13.00	16.20	16.08	25.0%	1	35
4,880	6	37.6%	6.77	6.20	7.65	70.00	16.20	17.80	18.95	23.8%	2	664
1,383	4	37.5%	4.68	3.00	6.50	75.00	20.10	21.70	21.30	23.0%	70	241
2,845	14	35.0%	4.25	3.70	4.80	80.00	24.30	26.05	27.54	22.9%	10	634
1,996	2	36.0%	3.25	2.62	4.30	85.00	27.70	31.00	30.48	25.0%	2	8
6,915	1	33.1%	2.50	2.50	2.90	90.00	32.00	36.35	37.30	28.8%	8	9

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 December 15, 2028 expiration, the PYPL put/call ratio based on open interest is 0.51 (18,738 puts vs 36,900 calls), and 3.08 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 December 15, 2028 is about 34.0%, 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.