Check Out What Whales Are Doing With PYPL

Someone with a lot of money to spend has taken a bearish stance on PayPal Holdings PYPL.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for PayPal Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $119,216, and 7 are calls, for a total amount of $723,841.

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 $50.0 and $100.0 for PayPal Holdings, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for PayPal Holdings options trades today is 7187.75 with a total volume of 771.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for PayPal Holdings's big money trades within a strike price range of $50.0 to $100.0 over the last 30 days.

PayPal Holdings Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Where Is PayPal Holdings Standing Right Now?

• With a volume of 1,956,037, the price of PYPL is down -1.17% at $53.99.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 92 days.

Expert Opinions on PayPal Holdings:

• Maintaining their stance, Piper Sandler continues to hold a Neutral rating for PayPal Holdings, targeting a price of $66.
• Maintaining their stance, JMP Securities continues to hold a Market Outperform rating for PayPal Holdings, targeting a price of $68.
• Reflecting concerns, Wells Fargo lowers its rating to Equal-Weight with a new price target of $55.
• RBC Capital persists with their Outperform rating on PayPal Holdings, maintaining a target price of $70.
• DZ Bank upgraded its action to Buy with a price target of $65.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PayPal Holdings options trades with real-time alerts from Benzinga Pro.