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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 16 uncommon options trades for PayPal Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $185,650, and 13 are calls, for a total amount of $641,989.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $420.0 for PayPal Holdings, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of PayPal Holdings stands at 6647.14, with a total volume reaching 3,538.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PayPal Holdings, situated within the strike price corridor from $60.0 to $420.0, throughout 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 | SWEEP | BULLISH | 09/20/24 | $75.00 | $115.9K | 30 | 0 |
| PYPL | CALL | TRADE | BEARISH | 01/17/25 | $100.00 | $107.6K | 29.1K | 547 |
| PYPL | CALL | SWEEP | BULLISH | 12/29/23 | $60.00 | $96.8K | 3.5K | 183 |
| PYPL | CALL | SWEEP | BULLISH | 07/19/24 | $80.00 | $53.6K | 720 | 24 |
| PYPL | CALL | SWEEP | BULLISH | 07/19/24 | $80.00 | $53.0K | 720 | 234 |
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?
- With a trading volume of 4,608,066, the price of PYPL is up by 0.31%, reaching $62.03.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 44 days from now.
Expert Opinions on PayPal Holdings
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $65.33333333333333.
- An analyst from Evercore ISI Group has revised its rating downward to In-Line, adjusting the price target to $65.
- In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $66.
- An analyst from BMO Capital has revised its rating downward to Market Perform, adjusting the price target to $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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