Financial giants have made a conspicuous bearish move on PayPal Holdings. Our analysis of options history for PayPal Holdings PYPL revealed 40 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $278,631, and 38 were calls, valued at $2,965,873.
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 $52.5 to $100.0 for PayPal Holdings over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $52.5 to $100.0 in the last 30 days.
PayPal Holdings 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | SWEEP | BULLISH | 02/16/24 | $60.00 | $406.9K | 19.5K | 1.1K |
| PYPL | CALL | SWEEP | BEARISH | 02/16/24 | $60.00 | $370.2K | 19.5K | 3.7K |
| PYPL | PUT | SWEEP | BEARISH | 04/19/24 | $60.00 | $210.0K | 6.7K | 510 |
| PYPL | CALL | SWEEP | BULLISH | 01/19/24 | $57.50 | $158.3K | 10.6K | 660 |
| PYPL | CALL | SWEEP | BEARISH | 02/16/24 | $60.00 | $148.0K | 19.5K | 2.6K |
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
Where Is PayPal Holdings Standing Right Now?
- Trading volume stands at 2,532,496, with PYPL's price up by 0.97%, positioned at $60.47.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 20 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.
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