High-rolling investors have positioned themselves bullish on PayPal Holdings PYPL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PYPL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for PayPal Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 46% bullish and 38% bearish. Among all the options we identified, there was one put, amounting to $30,000, and 12 calls, totaling $5,922,355.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $95.0 for PayPal Holdings over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of PayPal Holdings stands at 4743.12, with a total volume reaching 11,630.00. 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 $37.5 to $95.0, throughout the last 30 days.
PayPal Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BEARISH | 06/18/26 | $19.0 | $16.75 | $17.25 | $62.50 | $4.9M | 8.9K | 3.1K |
| PYPL | CALL | TRADE | NEUTRAL | 06/18/26 | $18.2 | $16.55 | $17.3 | $62.50 | $173.0K | 8.9K | 202 |
| PYPL | CALL | TRADE | BEARISH | 06/18/26 | $18.4 | $17.1 | $17.1 | $62.50 | $171.0K | 8.9K | 0 |
| PYPL | CALL | SWEEP | BULLISH | 01/16/26 | $4.8 | $4.6 | $4.75 | $95.00 | $136.8K | 14.4K | 315 |
| PYPL | CALL | SWEEP | BULLISH | 06/07/24 | $1.79 | $1.65 | $1.79 | $62.00 | $89.6K | 1.9K | 684 |
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.
Present Market Standing of PayPal Holdings
- With a trading volume of 3,260,671, the price of PYPL is up by 0.48%, reaching $63.29.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 58 days from now.
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 $85.0.
- An analyst from New Street Research downgraded its action to Buy with a price target of $80.
- An analyst from Mizuho has elevated its stance to Buy, setting a new price target at $90.
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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