Deep-pocketed investors have adopted a bearish approach towards PayPal Holdings PYPL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PYPL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 28 extraordinary options activities for PayPal Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 53% bearish. Among these notable options, 7 are puts, totaling $761,610, and 21 are calls, amounting to $2,514,541.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $140.0 for PayPal Holdings, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PayPal Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PayPal Holdings's substantial trades, within a strike price spectrum from $45.0 to $140.0 over the preceding 30 days.
PayPal Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BEARISH | 01/16/26 | $95.00 | $697.1K | 10.9K | 1.3K |
| PYPL | CALL | SWEEP | BEARISH | 04/19/24 | $57.50 | $290.5K | 5.8K | 672 |
| PYPL | PUT | TRADE | BEARISH | 04/26/24 | $52.00 | $264.3K | 21 | 4.8K |
| PYPL | CALL | TRADE | BULLISH | 01/16/26 | $60.00 | $228.0K | 12.7K | 338 |
| PYPL | CALL | TRADE | BEARISH | 01/16/26 | $60.00 | $227.2K | 12.7K | 103 |
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.
In light of the recent options history for PayPal Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of PayPal Holdings
- Currently trading with a volume of 4,195,129, the PYPL's price is down by -0.48%, now at $59.79.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 55 days.
What The Experts Say On PayPal Holdings
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $62.5.
- Reflecting concerns, an analyst from Daiwa Capital lowers its rating to Neutral with a new price target of $62.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for PayPal Holdings, targeting a price of $63.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PayPal Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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