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 8 options trades for PayPal Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $134,880, and 7 calls, totaling $3,916,823.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $47.5 to $80.0 for PayPal Holdings over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $47.5 to $80.0 in the last 30 days.
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 | CALL | TRADE | BEARISH | 12/15/23 | $47.50 | $3.6M | 231 | 2.8K |
| PYPL | PUT | SWEEP | BULLISH | 04/19/24 | $60.00 | $134.8K | 3.9K | 281 |
| PYPL | CALL | TRADE | NEUTRAL | 06/21/24 | $65.00 | $105.4K | 9.5K | 197 |
| PYPL | CALL | TRADE | BULLISH | 01/17/25 | $60.00 | $63.8K | 9.7K | 5 |
| PYPL | CALL | SWEEP | BULLISH | 04/19/24 | $50.00 | $38.8K | 532 | 131 |
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.
Having examined the options trading patterns of PayPal Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
PayPal Holdings's Current Market Status
- With a volume of 1,944,187, the price of PYPL is up 0.79% at $60.12.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 66 days.
What The Experts Say On PayPal Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $72.0.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on PayPal Holdings with a target price of $72.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PayPal Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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