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 23 strange trades.
If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 65% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $158,010 and 21, calls, for a total amount of $1,542,494.
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 $55.0 to $145.0 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 $55.0 to $145.0 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 | CALL | SWEEP | BULLISH | 01/17/25 | $75.00 | $211.6K | 3.6K | 391 |
| PYPL | CALL | SWEEP | BULLISH | 01/17/25 | $75.00 | $199.9K | 3.6K | 58 |
| PYPL | CALL | SWEEP | BULLISH | 01/17/25 | $82.50 | $120.2K | 2.1K | 218 |
| PYPL | CALL | SWEEP | NEUTRAL | 01/17/25 | $82.50 | $108.0K | 2.1K | 812 |
| PYPL | CALL | SWEEP | BULLISH | 08/25/23 | $59.00 | $103.5K | 2.0K | 868 |
Where Is PayPal Holdings Standing Right Now?
- With a volume of 997,024, the price of PYPL is down -2.08% at $57.38.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 76 days.
What The Experts Say On PayPal Holdings:
- RBC Capital downgraded its action to Outperform with a price target of $86
- BTIG has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $90.
- Oppenheimer has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $77.
- Piper Sandler has decided to maintain their Neutral rating on PayPal Holdings, which currently sits at a price target of $77.
- Canaccord Genuity has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $110.
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.
© 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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