Deep-pocketed investors have adopted a bearish approach towards PayPal Holdings PYPL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PYPL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for PayPal Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 52% bearish. Among these notable options, 8 are puts, totaling $617,522, and 15 are calls, amounting to $1,783,273.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $80.0 for PayPal Holdings over the recent three 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 $35.0 to $80.0 in the last 30 days.
PayPal Holdings Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BEARISH | 06/20/25 | $75.00 | $387.0K | 285 | 605 |
| PYPL | CALL | SWEEP | BEARISH | 03/15/24 | $62.50 | $257.9K | 2.8K | 1.0K |
| PYPL | PUT | SWEEP | BULLISH | 01/19/24 | $55.00 | $164.4K | 23.8K | 11.8K |
| PYPL | CALL | TRADE | BEARISH | 03/15/24 | $60.00 | $164.2K | 3.7K | 528 |
| PYPL | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $159.1K | 19.7K | 935 |
About PayPal Holdings
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 435 million active accounts at the end of 2022. The company also owns Venmo, a person-to-person payment platform.
Having examined the options trading patterns of PayPal Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of PayPal Holdings
- With a trading volume of 7,166,830, the price of PYPL is up by 0.25%, reaching $56.53.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 72 days from now.
What The Experts Say On PayPal Holdings
In the last month, 5 experts released ratings on this stock with an average target price of $80.4.
- An analyst from JP Morgan persists with their Overweight rating on PayPal Holdings, maintaining a target price of $80.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on PayPal Holdings with a target price of $72.
- An analyst from Canaccord Genuity has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $100.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for PayPal Holdings, targeting a price of $80.
- An analyst from RBC Capital has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $70.
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.
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