Looking At PayPal Holdings's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bullish stance on PayPal Holdings PYPL.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PYPL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for PayPal Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $32,432, and 11, calls, for a total amount of $601,921.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $95.0 for PayPal Holdings over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PayPal Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PayPal Holdings's significant trades, within a strike price range of $42.5 to $95.0, over the past month.

PayPal Holdings Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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 435 million active accounts at the end of 2022. The company also owns Venmo, a person-to-person payment platform.

Following our analysis of the options activities associated with PayPal Holdings, we pivot to a closer look at the company's own performance.

Present Market Standing of PayPal Holdings

• Currently trading with a volume of 1,565,265, the PYPL's price is down by -0.71%, now at $54.38.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 87 days.

Expert Opinions on PayPal Holdings

5 market experts have recently issued ratings for this stock, with a consensus target price of $76.8.

• Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on PayPal Holdings with a target price of $66.
• An analyst from RBC Capital has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $70.
• An analyst from Canaccord Genuity has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $100.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for PayPal Holdings, targeting a price of $80.
• Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for PayPal Holdings, targeting a price of $68.

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.