Check Out What Whales Are Doing With PYPL

Someone with a lot of money to spend has taken a bearish stance on PayPal Holdings PYPL.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 107 uncommon options trades for PayPal Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 34% bullish and 65%, bearish.

Out of all of the special options we uncovered, 80 are puts, for a total amount of $15,128,816, and 27 are calls, for a total amount of $1,422,363.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $340.0 for PayPal Holdings over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for PayPal Holdings options trades today is 3404.61 with a total volume of 29,234.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for PayPal Holdings's big money trades within a strike price range of $50.0 to $340.0 over the last 30 days.

PayPal Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PYPL PUT TRADE NEUTRAL 09/16/22 $160.00 $852.0K 2.5K 198
PYPL PUT TRADE NEUTRAL 09/16/22 $105.00 $409.9K 2.0K 251
PYPL PUT TRADE BULLISH 04/14/22 $220.00 $300.0K 1.6K 43
PYPL PUT SWEEP BULLISH 09/16/22 $165.00 $253.8K 2.0K 433
PYPL PUT TRADE BULLISH 09/16/22 $165.00 $233.9K 2.0K 359

Where Is PayPal Holdings Standing Right Now?

  • With a volume of 14,830,275, the price of PYPL is down -1.32% at $100.0.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 61 days.

What The Experts Say On PayPal Holdings:

  • Mizuho has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $175.
  • DZ Bank downgraded its action to Hold with a price target of $140
  • Barclays has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $200.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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