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 40% bullish and 60% bearish. Among all the options we identified, there was one put, amounting to $25,050, and 9 calls, totaling $520,217.
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 $40.0 to $100.0 for PayPal Holdings over the last 3 months.
Volume & Open Interest Trends
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 $40.0 to $100.0, over the past month.
PayPal Holdings 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | SWEEP | BULLISH | 01/19/24 | $65.00 | $92.5K | 23.0K | 129 |
| PYPL | CALL | TRADE | BULLISH | 02/16/24 | $60.00 | $69.9K | 8.4K | 129 |
| PYPL | CALL | TRADE | NEUTRAL | 01/17/25 | $40.00 | $65.5K | 1.3K | 2 |
| PYPL | CALL | SWEEP | BULLISH | 01/19/24 | $65.00 | $64.7K | 23.0K | 1.4K |
| PYPL | CALL | TRADE | BEARISH | 01/12/24 | $63.00 | $50.0K | 720 | 1.0K |
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.
PayPal Holdings's Current Market Status
- Trading volume stands at 2,702,154, with PYPL's price down by -0.19%, positioned at $62.89.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 50 days.
Expert Opinions on PayPal Holdings
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $65.33333333333333.
- An analyst from BMO Capital downgraded its action to Market Perform with a price target of $65.
- Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $66.
- An analyst from Evercore ISI Group downgraded its action to In-Line with a price target of $65.
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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