PayPal Holdings Whale Trades For April 22

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 29 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, 25 are puts, for a total amount of $2,925,240, and 4 are calls, for a total amount of $233,380.

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 $75.0 to $220.0 for PayPal Holdings over the last 3 months.

Volume & Open Interest Development

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 $75.0 to $220.0 in 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 SWEEP BULLISH 01/20/23 $195.00 $585.7K 2.2K 96
PYPL PUT SWEEP BEARISH 04/29/22 $92.00 $361.6K 121 669
PYPL PUT SWEEP BULLISH 05/06/22 $83.00 $223.0K 4 613
PYPL PUT SWEEP BULLISH 01/20/23 $180.00 $216.9K 5.6K 465
PYPL PUT TRADE BEARISH 01/20/23 $180.00 $173.2K 5.6K 50

Where Is PayPal Holdings Standing Right Now?

  • With a volume of 3,937,696, the price of PYPL is up 0.11% at $89.5.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 5 days.

What The Experts Say On PayPal Holdings:

  • Stephens & Co. downgraded its action to Equal-Weight with a price target of $135
  • Wells Fargo downgraded its action to Overweight with a price target of $152
  • RBC Capital has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $118.
  • Goldman Sachs downgraded its action to Buy with a price target of $144
  • Credit Suisse has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $155.

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.

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Posted In: OptionsMarketsBZI-UOA
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