Investors with a lot of money to spend have taken a bearish stance on PayPal Holdings PYPL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PYPL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 32 uncommon options trades for PayPal Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $956,016, and 24 are calls, for a total amount of $2,986,526.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $100.0 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 $37.5 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 | TRADE | BULLISH | 01/16/26 | $60.00 | $1.2M | 5.9K | 856 |
| PYPL | CALL | TRADE | NEUTRAL | 06/20/25 | $60.00 | $342.2K | 1.2K | 310 |
| PYPL | PUT | SWEEP | BULLISH | 03/28/24 | $52.00 | $319.8K | 6.5K | 0 |
| PYPL | PUT | TRADE | BEARISH | 01/17/25 | $75.00 | $186.4K | 7.5K | 100 |
| PYPL | CALL | TRADE | BEARISH | 02/23/24 | $56.00 | $183.9K | 593 | 801 |
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 trading volume of 5,462,372, the price of PYPL is down by -0.9%, reaching $58.1.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 75 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PayPal Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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