Financial giants have made a conspicuous bearish move on PayPal Holdings. Our analysis of options history for PayPal Holdings PYPL revealed 23 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, 6 were puts, with a value of $794,583, and 17 were calls, valued at $1,552,069.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $100.0 for PayPal Holdings over the recent three 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 $40.0 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 | PUT | TRADE | BULLISH | 08/16/24 | $55.00 | $350.0K | 854 | 1.0K |
| PYPL | CALL | SWEEP | BULLISH | 01/16/26 | $57.50 | $309.6K | 3.7K | 412 |
| PYPL | PUT | SWEEP | BEARISH | 12/20/24 | $70.00 | $245.7K | 430 | 0 |
| PYPL | CALL | SWEEP | BULLISH | 01/16/26 | $57.50 | $237.3K | 3.7K | 412 |
| PYPL | CALL | SWEEP | BULLISH | 01/16/26 | $57.50 | $205.3K | 3.7K | 103 |
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.
Following our analysis of the options activities associated with PayPal Holdings, we pivot to a closer look at the company's own performance.
Where Is PayPal Holdings Standing Right Now?
- Trading volume stands at 6,921,467, with PYPL's price down by -0.03%, positioned at $58.99.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 56 days.
What The Experts Say On PayPal Holdings
2 market experts have recently issued ratings for this stock, with a consensus target price of $62.5.
- Reflecting concerns, an analyst from Daiwa Capital lowers its rating to Neutral with a new price target of $62.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on PayPal Holdings with a target price of $63.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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