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Investors with a lot of money to spend have taken a bullish stance on PayPal Holdings (NASDAQ:PYPL).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PYPL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for PayPal Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $154,900, and 7 are calls, for a total amount of $239,610.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $80.0 for PayPal Holdings, spanning the last three months.
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 $50.0 to $80.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
PYPL | PUT | SWEEP | BULLISH | 01/17/25 | $16.6 | $16.5 | $16.5 | $80.00 | $128.7K | 4.3K | 78 |
PYPL | CALL | TRADE | BEARISH | 04/19/24 | $7.9 | $7.25 | $7.25 | $60.00 | $72.5K | 15.4K | 0 |
PYPL | CALL | TRADE | BULLISH | 08/16/24 | $6.9 | $6.85 | $6.9 | $67.50 | $32.4K | 427 | 15 |
PYPL | CALL | SWEEP | BULLISH | 04/12/24 | $3.0 | $2.99 | $3.0 | $64.00 | $30.0K | 983 | 102 |
PYPL | CALL | TRADE | BEARISH | 06/21/24 | $17.75 | $17.65 | $17.65 | $50.00 | $26.4K | 2.3K | 15 |
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.
2 market experts have recently issued ratings for this stock, with a consensus target price of $67.0.
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.
Posted In: PYPL