Financial giants have made a conspicuous bullish move on PayPal Holdings. Our analysis of options history for PayPal Holdings PYPL revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $120,378, and 5 were calls, valued at $211,669.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $59.0 to $160.0 for PayPal Holdings over the recent three months.
Volume & Open Interest Trends
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 $59.0 to $160.0 in the last 30 days.
PayPal Holdings Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BULLISH | 01/16/26 | $70.00 | $96.4K | 621 | 0 |
| PYPL | PUT | TRADE | BULLISH | 01/19/24 | $160.00 | $50.0K | 400 | 0 |
| PYPL | PUT | SWEEP | BEARISH | 01/05/24 | $59.00 | $35.7K | 1.2K | 1.2K |
| PYPL | PUT | TRADE | BULLISH | 01/17/25 | $60.00 | $34.6K | 14.5K | 50 |
| PYPL | CALL | SWEEP | BULLISH | 01/19/24 | $75.00 | $31.0K | 21.5K | 239 |
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 2,952,960, the price of PYPL is up 0.36% at $59.15.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 59 days.
Professional Analyst Ratings for PayPal Holdings
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $67.0.
- 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 Evercore ISI Group has revised its rating downward to In-Line, adjusting the price target to $65.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on PayPal Holdings with a target price of $72.
- An analyst from BMO Capital has revised its rating downward to Market Perform, adjusting the price target to $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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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