Financial giants have made a conspicuous bearish move on PayPal Holdings. Our analysis of options history for PayPal Holdings (NASDAQ:PYPL) revealed 20 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $313,763, and 13 were calls, valued at $713,989.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $57.5 to $100.0 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 $57.5 to $100.0 in the last 30 days.
PayPal Holdings 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | TRADE | BULLISH | 12/20/24 | $15.5 | $15.45 | $15.5 | $62.50 | $155.0K | 2.8K | 1 |
| PYPL | PUT | TRADE | BULLISH | 12/18/26 | $30.6 | $28.75 | $28.75 | $100.00 | $143.7K | 72 | 50 |
| PYPL | CALL | TRADE | BEARISH | 01/17/25 | $20.0 | $19.1 | $19.3 | $60.00 | $104.2K | 10.7K | 75 |
| PYPL | CALL | SWEEP | BEARISH | 09/20/24 | $8.7 | $8.6 | $8.6 | $67.50 | $86.0K | 7.7K | 270 |
| PYPL | CALL | SWEEP | BULLISH | 09/20/24 | $10.75 | $10.7 | $10.75 | $65.00 | $50.5K | 7.5K | 382 |
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.
Present Market Standing of PayPal Holdings
- With a volume of 7,103,101, the price of PYPL is down -1.86% at $76.13.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 40 days.
Professional Analyst Ratings for PayPal Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $73.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* An analyst from Goldman Sachs persists with their Neutral rating on PayPal Holdings, maintaining a target price of $69. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Outperform rating for PayPal Holdings, targeting a price of $78.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PayPal Holdings with Benzinga Pro for real-time alerts.