Behind the Scenes of PayPal Holdings's Latest Options Trends

Author: Benzinga Insights | April 18, 2024 09:46am

Investors with a lot of money to spend have taken a bearish 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 8 uncommon options trades for PayPal Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $182,690, and 4 are calls, for a total amount of $362,080.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $82.5 for PayPal Holdings, spanning the last three months.

Volume & Open Interest Development

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 $60.0 to $82.5 in the last 30 days.

PayPal Holdings Option Activity Analysis: Last 30 Days

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	SWEEP	BEARISH	12/19/25	$8.95	$8.85	$8.85	$82.50	$123.9K	310	140
PYPL	CALL	SWEEP	BEARISH	03/21/25	$7.6	$7.5	$7.5	$72.50	$108.0K	23	0
PYPL	CALL	SWEEP	BULLISH	08/16/24	$3.95	$3.9	$3.92	$70.00	$85.2K	1.3K	61
PYPL	PUT	SWEEP	BULLISH	05/03/24	$4.95	$4.85	$4.9	$66.00	$65.1K	344	134
PYPL	CALL	TRADE	BEARISH	07/19/24	$4.55	$4.45	$4.49	$65.00	$44.9K	3.6K	0

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.

In light of the recent options history for PayPal Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of PayPal Holdings

• With a volume of 259,310, the price of PYPL is up 0.55% at $63.61.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 12 days.

Expert Opinions on PayPal Holdings

In the last month, 3 experts released ratings on this stock with an average target price of $68.0.

• An analyst from JMP Securities has decided to maintain their Market Outperform rating on PayPal Holdings, which currently sits at a price target of $70.
• An analyst from RBC Capital downgraded its action to Outperform with a price target of $74.
• Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for PayPal Holdings, targeting a price of $60.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PayPal Holdings options trades with real-time alerts from Benzinga Pro.

Posted In: PYPL