High-rolling investors have positioned themselves bearish 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 10 options trades for PayPal Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 20% bullish and 80% bearish. Among all the options we identified, there was one put, amounting to $191,200, and 9 calls, totaling $541,705.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $95.0 for PayPal Holdings over the last 3 months.
Insights into Volume & Open Interest
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 $50.0 to $95.0 in the last 30 days.
PayPal Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | PUT | TRADE | NEUTRAL | 12/15/23 | $60.00 | $191.2K | 7.1K | 899 |
| PYPL | CALL | SWEEP | BEARISH | 03/15/24 | $60.00 | $116.2K | 4.7K | 504 |
| PYPL | CALL | SWEEP | NEUTRAL | 01/16/26 | $95.00 | $92.3K | 2.0K | 166 |
| PYPL | CALL | SWEEP | BEARISH | 03/15/24 | $60.00 | $88.0K | 4.7K | 185 |
| PYPL | CALL | SWEEP | BEARISH | 04/19/24 | $50.00 | $66.2K | 625 | 25 |
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 trading volume of 1,695,948, the price of PYPL is down by -0.85%, reaching $59.34.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 65 days from now.
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.
- An analyst from Mizuho has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $72.
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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