This Is What Whales Are Betting On PayPal Holdings

This Is What Whales Are Betting On PayPal Holdings

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.

Today, Benzinga's options scanner spotted 14 options trades for PayPal Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 14% bullish and 85%, bearish.

Out of all of the options we uncovered, 13 are puts, for a total amount of $1,442,781, and there was 1 call, for a total amount of $55,650.

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 $80.0 to $440.0 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 $80.0 to $440.0 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 09/15/23 $80.00 $434.0K 1.2K 400
PYPL PUT SWEEP BEARISH 09/15/23 $87.50 $307.6K 286 210
PYPL PUT SWEEP BEARISH 01/19/24 $85.00 $152.5K 5.8K 100
PYPL PUT SWEEP BEARISH 01/19/24 $85.00 $112.1K 5.8K 175
PYPL PUT SWEEP BEARISH 01/19/24 $85.00 $89.7K 5.8K 370

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PYPL PUT SWEEP BULLISH 09/15/23 $80.00 $434.0K 1.2K 400
PYPL PUT SWEEP BEARISH 09/15/23 $87.50 $307.6K 286 210
PYPL PUT SWEEP BEARISH 01/19/24 $85.00 $152.5K 5.8K 100
PYPL PUT SWEEP BEARISH 01/19/24 $85.00 $112.1K 5.8K 175
PYPL PUT SWEEP BEARISH 01/19/24 $85.00 $89.7K 5.8K 370

Where Is PayPal Holdings Standing Right Now?

  • With a volume of 1,883,193, the price of PYPL is down -2.48% at $84.88.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 75 days.

What The Experts Say On PayPal Holdings:

  • Credit Suisse has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $100.
  • Wells Fargo has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $95.
  • Truist Securities has decided to maintain their Hold rating on PayPal Holdings, which currently sits at a price target of $75.
  • Morgan Stanley has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $135.
  • Morgan Stanley has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $136.

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