Spotlight on PayPal Holdings: Analyzing the Surge in Options Activity

Author: Benzinga Insights | June 18, 2024 01:16pm

Whales with a lot of money to spend have taken a noticeably bullish stance on PayPal Holdings.

Looking at options history for PayPal Holdings (NASDAQ:PYPL) we detected 29 trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 41% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $1,380,167 and 21, calls, for a total amount of $825,021.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $47.5 to $95.0 for PayPal Holdings over the recent three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PayPal Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PayPal Holdings's significant trades, within a strike price range of $47.5 to $95.0, over the past month.

PayPal Holdings Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
PYPL	PUT	TRADE	BEARISH	01/17/25	$16.45	$15.95	$16.4	$75.00	$820.0K	8.4K	0
PYPL	PUT	TRADE	BEARISH	10/18/24	$1.81	$1.76	$1.8	$52.50	$306.0K	972	0
PYPL	CALL	SWEEP	BULLISH	10/18/24	$9.85	$9.7	$9.8	$52.50	$98.0K	267	101
PYPL	CALL	SWEEP	BULLISH	10/18/24	$9.8	$9.65	$9.75	$52.50	$97.5K	267	1
PYPL	CALL	SWEEP	BULLISH	06/20/25	$11.75	$11.55	$11.75	$57.50	$70.5K	451	1

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.

Following our analysis of the options activities associated with PayPal Holdings, we pivot to a closer look at the company's own performance.

Present Market Standing of PayPal Holdings

• Trading volume stands at 5,944,940, with PYPL's price down by -1.37%, positioned at $59.3.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 43 days.

What The Experts Say On PayPal Holdings

In the last month, 4 experts released ratings on this stock with an average target price of $82.25.

• An analyst from Keefe, Bruyette & Woods has revised its rating downward to Outperform, adjusting the price target to $78.
• An analyst from New Street Research has revised its rating downward to Buy, adjusting the price target to $80.
• An analyst from Mizuho has elevated its stance to Buy, setting a new price target at $90.
• An analyst from Citigroup persists with their Buy rating on PayPal Holdings, maintaining a target price of $81.

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