Whales with a lot of money to spend have taken a noticeably bearish stance on PayPal Holdings.
Looking at options history for PayPal Holdings PYPL we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $102,052 and 13, calls, for a total amount of $894,496.
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 $60.0 to $140.0 for PayPal Holdings over the last 3 months.
Insights into Volume & Open Interest
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 $60.0 to $140.0 in the last 30 days.
PayPal Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | SWEEP | BEARISH | 02/16/24 | $62.50 | $245.5K | 7.1K | 851 |
| PYPL | CALL | SWEEP | BULLISH | 09/20/24 | $60.00 | $96.3K | 595 | 120 |
| PYPL | CALL | SWEEP | NEUTRAL | 01/17/25 | $77.50 | $88.8K | 3.1K | 161 |
| PYPL | CALL | SWEEP | BEARISH | 06/21/24 | $60.00 | $64.0K | 5.1K | 1 |
| PYPL | CALL | SWEEP | BULLISH | 04/19/24 | $65.00 | $59.9K | 5.5K | 0 |
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?
- Currently trading with a volume of 3,677,519, the PYPL's price is up by 0.83%, now at $61.86.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 26 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PayPal Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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