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 18 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 33% leaning bullish and 61% bearish. Among these notable options, 3 are puts, totaling $141,294, and 15 are calls, amounting to $1,978,303.
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 $57.5 and $80.0 for PayPal Holdings, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for PayPal Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PayPal Holdings's whale activity within a strike price range from $57.5 to $80.0 in the last 30 days.
PayPal Holdings Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BULLISH | 06/18/26 | $16.45 | $15.4 | $16.25 | $65.00 | $812.5K | 67 | 3.0K |
| PYPL | CALL | TRADE | BEARISH | 03/21/25 | $3.6 | $3.5 | $3.51 | $80.00 | $421.2K | 999 | 1.2K |
| PYPL | CALL | TRADE | BEARISH | 03/21/25 | $3.65 | $3.5 | $3.51 | $80.00 | $140.4K | 999 | 1.2K |
| PYPL | CALL | SWEEP | BEARISH | 08/16/24 | $6.5 | $6.35 | $6.35 | $60.00 | $80.6K | 6.3K | 1 |
| PYPL | PUT | SWEEP | BEARISH | 12/18/26 | $17.9 | $15.8 | $15.8 | $70.00 | $80.5K | 279 | 51 |
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
- Currently trading with a volume of 3,890,185, the PYPL's price is down by -0.05%, now at $63.3.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 56 days.
What The Experts Say On PayPal Holdings
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $85.0.
- An analyst from New Street Research downgraded its action to Buy with a price target of $80.
- An analyst from Mizuho upgraded its action to Buy with a price target of $90.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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