Deep-pocketed investors have adopted a bullish 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 29 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 51% leaning bullish and 48% bearish. Among these notable options, 4 are puts, totaling $140,101, and 25 are calls, amounting to $1,398,636.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $95.0 for PayPal Holdings over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of PayPal Holdings stands at 7008.65, with a total volume reaching 42,507.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PayPal Holdings, situated within the strike price corridor from $35.0 to $95.0, throughout the last 30 days.
PayPal Holdings Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | SWEEP | BEARISH | 01/17/25 | $80.00 | $136.7K | 20.0K | 142 |
| PYPL | CALL | SWEEP | BEARISH | 04/19/24 | $65.00 | $111.0K | 24.4K | 894 |
| PYPL | CALL | SWEEP | BULLISH | 08/16/24 | $57.50 | $103.7K | 33 | 0 |
| PYPL | CALL | SWEEP | BULLISH | 08/16/24 | $57.50 | $96.9K | 33 | 241 |
| PYPL | CALL | SWEEP | NEUTRAL | 04/19/24 | $75.00 | $91.9K | 10.6K | 3.7K |
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.
After a thorough review of the options trading surrounding PayPal Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
PayPal Holdings's Current Market Status
- Trading volume stands at 7,030,522, with PYPL's price up by 2.56%, positioned at $64.46.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 49 days.
What The Experts Say On PayPal Holdings
1 market experts have recently issued ratings for this stock, with a consensus target price of $63.0.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on PayPal Holdings with a target price of $63.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PayPal Holdings with Benzinga Pro for real-time alerts.
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