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 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $84,030, and 6 were calls, valued at $1,414,966.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $65.0 for PayPal Holdings during the past quarter.
Analyzing 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 $50.0 to $65.0 in the last 30 days.
PayPal Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BULLISH | 01/16/26 | $60.00 | $998.6K | 3.8K | 657 |
| PYPL | CALL | SWEEP | BEARISH | 12/20/24 | $50.00 | $178.2K | 124 | 118 |
| PYPL | CALL | SWEEP | BEARISH | 01/17/25 | $50.00 | $103.0K | 10.6K | 67 |
| PYPL | CALL | TRADE | BULLISH | 06/21/24 | $60.00 | $57.8K | 6.5K | 117 |
| PYPL | CALL | SWEEP | BULLISH | 02/23/24 | $59.00 | $49.5K | 2.5K | 841 |
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 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.
In light of the recent options history for PayPal Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
PayPal Holdings's Current Market Status
- With a volume of 2,884,068, the price of PYPL is up 1.07% at $59.5.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 81 days.
Professional Analyst Ratings for PayPal Holdings
In the last month, 5 experts released ratings on this stock with an average target price of $66.2.
- In a cautious move, an analyst from Stephens & Co. downgraded its rating to Equal-Weight, setting a price target of $70.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on PayPal Holdings with a target price of $74.
- An analyst from Wells Fargo persists with their Equal-Weight rating on PayPal Holdings, maintaining a target price of $60.
- An analyst from Susquehanna has decided to maintain their Neutral rating on PayPal Holdings, which currently sits at a price target of $65.
- Reflecting concerns, an analyst from Daiwa Capital lowers its rating to Neutral with a new price target of $62.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
