Whales with a lot of money to spend have taken a noticeably bullish stance on PayPal Holdings.
Looking at options history for PayPal Holdings PYPL we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $136,113 and 9, calls, for a total amount of $405,268.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $52.5 to $70.0 for PayPal Holdings over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of PayPal Holdings stands at 3736.55, with a total volume reaching 619.00. 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 $52.5 to $70.0, throughout the last 30 days.
PayPal Holdings Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BULLISH | 06/20/25 | $9.85 | $9.85 | $9.85 | $65.00 | $98.5K | 1.9K | 3 |
| PYPL | CALL | SWEEP | BEARISH | 08/16/24 | $4.45 | $4.4 | $4.4 | $62.50 | $88.4K | 1.3K | 142 |
| PYPL | PUT | TRADE | BULLISH | 08/16/24 | $3.7 | $3.65 | $3.65 | $62.50 | $62.7K | 1.7K | 5 |
| PYPL | PUT | SWEEP | BEARISH | 08/16/24 | $5.05 | $5.0 | $5.0 | $65.00 | $45.0K | 1.9K | 2 |
| PYPL | CALL | TRADE | BEARISH | 01/17/25 | $7.85 | $7.75 | $7.75 | $62.50 | $38.7K | 5.8K | 16 |
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.
PayPal Holdings's Current Market Status
- Currently trading with a volume of 3,756,772, the PYPL's price is down by -2.43%, now at $61.89.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 48 days.
Expert Opinions on PayPal Holdings
3 market experts have recently issued ratings for this stock, with a consensus target price of $83.66666666666667.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for PayPal Holdings, targeting a price of $81.
- Showing optimism, an analyst from Mizuho upgrades its rating to Buy with a revised price target of $90.
- An analyst from New Street Research downgraded its action to Buy with a price target of $80.
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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