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PayPal Holdings Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | April 08, 2024 11:30am

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 15 trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $136,146 and 12, calls, for a total amount of $843,050.

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 $54.0 to $100.0 for PayPal Holdings over the last 3 months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for PayPal Holdings options trades today is 9220.93 with a total volume of 4,022.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for PayPal Holdings's big money trades within a strike price range of $54.0 to $100.0 over the last 30 days.

PayPal Holdings 30-Day Option Volume & Interest Snapshot

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PYPL CALL SWEEP BEARISH 12/19/25 $20.5 $20.35 $20.35 $57.50 $386.6K 174 0
PYPL PUT SWEEP BULLISH 06/20/25 $5.5 $5.3 $5.3 $55.00 $57.7K 3.3K 110
PYPL CALL TRADE BULLISH 10/18/24 $11.7 $11.15 $11.7 $60.00 $54.9K 381 0
PYPL CALL SWEEP BULLISH 04/19/24 $6.05 $5.95 $6.05 $60.00 $53.8K 15.4K 90
PYPL CALL TRADE BEARISH 01/16/26 $8.4 $8.05 $8.12 $95.00 $51.9K 12.9K 27

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.

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

PayPal Holdings's Current Market Status

  • Trading volume stands at 2,803,759, with PYPL's price up by 0.69%, positioned at $65.6.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 22 days.

Expert Opinions on PayPal Holdings

In the last month, 2 experts released ratings on this stock with an average target price of $67.0.

  • An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $74.
  • An analyst from Evercore ISI Group has decided to maintain their In-Line rating on PayPal Holdings, which currently sits at a price target of $60.

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.

Posted In: PYPL

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