Whales with a lot of money to spend have taken a noticeably bearish stance on PayPal Holdings.
Looking at options history for PayPal Holdings PYPL we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $234,193 and 4, calls, for a total amount of $143,225.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $80.0 for PayPal Holdings during the past quarter.
Volume & Open Interest Development
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 $50.0 to $80.0, over the past month.
PayPal Holdings Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | PUT | TRADE | BEARISH | 04/19/24 | $70.00 | $70.5K | 1.0K | 0 |
| PYPL | CALL | TRADE | BULLISH | 06/21/24 | $50.00 | $45.6K | 953 | 99 |
| PYPL | CALL | TRADE | BEARISH | 06/21/24 | $50.00 | $45.6K | 953 | 99 |
| PYPL | PUT | SWEEP | BEARISH | 01/19/24 | $57.50 | $37.7K | 9.0K | 5 |
| PYPL | PUT | SWEEP | NEUTRAL | 04/19/24 | $57.50 | $37.4K | 3.2K | 0 |
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.
Where Is PayPal Holdings Standing Right Now?
- Trading volume stands at 3,044,479, with PYPL's price up by 0.28%, positioned at $56.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 80 days.
Expert Opinions on PayPal Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $71.8.
- An analyst from Truist Securities has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $65.
- An analyst from JMP Securities persists with their Market Outperform rating on PayPal Holdings, maintaining a target price of $68.
- An analyst from Piper Sandler has decided to maintain their Neutral rating on PayPal Holdings, which currently sits at a price target of $66.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $80.
- An analyst from JP Morgan persists with their Overweight rating on PayPal Holdings, maintaining a target price 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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