Financial giants have made a conspicuous bearish move on PayPal Holdings. Our analysis of options history for PayPal Holdings PYPL revealed 40 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $384,463, and 34 were calls, valued at $2,962,862.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $145.0 for PayPal Holdings over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PayPal Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PayPal Holdings's significant trades, within a strike price range of $40.0 to $145.0, over the past month.
PayPal Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BULLISH | 01/16/26 | $60.00 | $999.4K | 1.7K | 725 |
| PYPL | CALL | SWEEP | BEARISH | 12/20/24 | $60.00 | $298.0K | 464 | 321 |
| PYPL | CALL | SWEEP | BEARISH | 01/17/25 | $50.00 | $197.6K | 10.6K | 200 |
| PYPL | CALL | SWEEP | BEARISH | 07/19/24 | $65.00 | $132.0K | 3.0K | 379 |
| PYPL | CALL | SWEEP | BULLISH | 06/21/24 | $60.00 | $120.6K | 6.0K | 609 |
About PayPal Holdings
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.
Following our analysis of the options activities associated with PayPal Holdings, we pivot to a closer look at the company's own performance.
PayPal Holdings's Current Market Status
- With a volume of 17,833,854, the price of PYPL is down -0.44% at $58.65.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 84 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PayPal Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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