Deep-pocketed investors have adopted a bearish approach towards PayPal Holdings PYPL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PYPL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 25 extraordinary options activities for PayPal Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 48% leaning bullish and 52% bearish. Among these notable options, 8 are puts, totaling $313,590, and 17 are calls, amounting to $936,634.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $110.0 for PayPal Holdings during the past quarter.
Insights into Volume & Open Interest
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 $40.0 to $110.0 in the last 30 days.
PayPal Holdings Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BEARISH | 02/09/24 | $63.00 | $278.3K | 704 | 1.2K |
| PYPL | PUT | TRADE | BEARISH | 02/16/24 | $60.00 | $82.5K | 11.0K | 662 |
| PYPL | CALL | TRADE | BULLISH | 01/16/26 | $75.00 | $57.0K | 606 | 100 |
| PYPL | CALL | TRADE | NEUTRAL | 06/20/25 | $55.00 | $54.3K | 232 | 30 |
| PYPL | CALL | SWEEP | BULLISH | 01/17/25 | $40.00 | $53.2K | 1.1K | 21 |
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.
After a thorough review of the options trading surrounding PayPal Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is PayPal Holdings Standing Right Now?
- With a trading volume of 8,419,924, the price of PYPL is down by -0.94%, reaching $61.2.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 9 days from now.
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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