Whales with a lot of money to spend have taken a noticeably bearish stance on PayPal Holdings.
Looking at options history for PayPal Holdings (NASDAQ:PYPL) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $146,320 and 14, calls, for a total amount of $580,149.
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 $30.0 to $110.0 for PayPal Holdings over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of PayPal Holdings stands at 4079.07, with a total volume reaching 953.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PayPal Holdings, situated within the strike price corridor from $30.0 to $110.0, throughout the last 30 days.
PayPal Holdings Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PYPL | PUT | TRADE | BULLISH | 07/19/24 | $0.89 | $0.86 | $0.86 | $57.50 | $86.0K | 5.4K | 268 |
| PYPL | CALL | TRADE | BEARISH | 12/18/26 | $36.95 | $36.5 | $36.5 | $30.00 | $73.0K | 65 | 0 |
| PYPL | CALL | SWEEP | BEARISH | 12/18/26 | $37.0 | $36.0 | $36.0 | $30.00 | $72.0K | 65 | 20 |
| PYPL | CALL | TRADE | NEUTRAL | 01/17/25 | $6.0 | $5.9 | $5.95 | $65.00 | $53.5K | 9.2K | 14 |
| PYPL | CALL | TRADE | BULLISH | 01/17/25 | $6.0 | $5.9 | $5.96 | $65.00 | $41.7K | 9.2K | 111 |
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 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.
Following our analysis of the options activities associated with PayPal Holdings, we pivot to a closer look at the company's own performance.
Where Is PayPal Holdings Standing Right Now?
- Trading volume stands at 4,242,403, with PYPL's price down by -0.34%, positioned at $61.33.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 47 days.
What The Experts Say On PayPal Holdings
In the last month, 4 experts released ratings on this stock with an average target price of $82.25.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for PayPal Holdings, targeting a price of $81.
- An analyst from Mizuho has elevated its stance to Buy, setting a new price target at $90.
- An analyst from Keefe, Bruyette & Woods has revised its rating downward to Outperform, adjusting the price target to $78.
- An analyst from New Street Research has revised its rating downward to Buy, adjusting the price target to $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.