PayPal Holdings Unusual Options Activity For September 08

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 29 strange trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $613,121 and 19, calls, for a total amount of $822,228.

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 $59.0 to $290.0 for PayPal Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $59.0 to $290.0 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 01/19/24 $60.00 $135.0K 19.3K 320
PYPL PUT TRADE BEARISH 01/19/24 $290.00 $91.5K 0 4
PYPL CALL SWEEP BEARISH 11/17/23 $62.50 $74.0K 2.2K 530
PYPL PUT SWEEP BEARISH 12/19/25 $60.00 $72.9K 3.1K 66
PYPL CALL TRADE BEARISH 01/17/25 $60.00 $67.2K 4.9K 54

Where Is PayPal Holdings Standing Right Now?

  • With a volume of 9,771,093, the price of PYPL is down -1.15% at $60.94.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 55 days.

What The Experts Say On PayPal Holdings:

  • JP Morgan has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $100.

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.

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PYPLPayPal Holdings Inc
$71.50-0.10%

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