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 positions 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.
Today, Benzinga's options scanner spotted 11 options trades for PayPal Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 54%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $117,750, and 10, calls, for a total amount of $2,935,026.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $64.0 for PayPal Holdings over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PayPal Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PayPal Holdings's substantial trades, within a strike price spectrum from $50.0 to $64.0 over the preceding 30 days.
PayPal Holdings Call and Put Volume: 30-Day Overview
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 | 09/20/24 | $7.15 | $6.85 | $7.15 | $55.00 | $2.4M | 622 | 210 |
| PYPL | CALL | SWEEP | BEARISH | 01/17/25 | $7.1 | $7.05 | $7.05 | $60.00 | $153.6K | 11.5K | 14 |
| PYPL | PUT | SWEEP | BEARISH | 09/20/24 | $2.37 | $2.33 | $2.36 | $57.50 | $117.7K | 5.8K | 33 |
| PYPL | CALL | TRADE | BEARISH | 08/02/24 | $1.43 | $1.38 | $1.4 | $64.00 | $97.9K | 796 | 29 |
| PYPL | CALL | SWEEP | NEUTRAL | 09/20/24 | $7.1 | $6.95 | $7.02 | $55.00 | $44.2K | 622 | 120 |
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.
Present Market Standing of PayPal Holdings
- With a trading volume of 2,382,094, the price of PYPL is up by 0.05%, reaching $60.02.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 19 days from now.
Professional Analyst Ratings for PayPal Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $76.2.
- In a cautious move, an analyst from Keefe, Bruyette & Woods downgraded its rating to Outperform, setting a price target of $78.
- An analyst from Susquehanna upgraded its action to Positive with a price target of $71.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $84.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on PayPal Holdings with a target price of $70.
- An analyst from Keefe, Bruyette & Woods persists with their Outperform rating on PayPal Holdings, maintaining a target price of $78.
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.