PayPal Holdings Unusual Options Activity

PayPal Holdings Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on PayPal Holdings.

Looking at options history for PayPal Holdings PYPL we detected 41 strange trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 32 are puts, for a total amount of $1,902,909 and 9, calls, for a total amount of $452,879.

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 $110.0 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 $50.0 to $110.0 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 TRADE BEARISH 01/20/23 $77.50 $271.5K 6.0K 4
PYPL PUT SWEEP BULLISH 12/16/22 $70.00 $98.2K 4.0K 2.1K
PYPL PUT SWEEP NEUTRAL 11/11/22 $73.00 $89.5K 413 411
PYPL PUT SWEEP BULLISH 11/18/22 $87.50 $83.2K 7.2K 73
PYPL PUT SWEEP BULLISH 11/18/22 $90.00 $82.0K 4.3K 120

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PYPL PUT TRADE BEARISH 01/20/23 $77.50 $271.5K 6.0K 4
PYPL PUT SWEEP BULLISH 12/16/22 $70.00 $98.2K 4.0K 2.1K
PYPL PUT SWEEP NEUTRAL 11/11/22 $73.00 $89.5K 413 411
PYPL PUT SWEEP BULLISH 11/18/22 $87.50 $83.2K 7.2K 73
PYPL PUT SWEEP BULLISH 11/18/22 $90.00 $82.0K 4.3K 120

Where Is PayPal Holdings Standing Right Now?

  • With a volume of 28,460,753, the price of PYPL is down -4.55% at $73.07.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 88 days.

What The Experts Say On PayPal Holdings:

  • Wells Fargo has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $95.
  • Credit Suisse has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $100.
  • Morgan Stanley has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $135.
  • Truist Securities has decided to maintain their Hold rating on PayPal Holdings, which currently sits at a price target of $90.
  • Stephens & Co. has decided to maintain their Equal-Weight rating on PayPal Holdings, which currently sits at a price target of $80.

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 want to stay updated on the latest options trades for PayPal Holdings, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets