Deep-pocketed investors have adopted a bullish approach towards PayPal Holdings (NASDAQ:PYPL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PYPL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for PayPal Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 31% bearish. Among these notable options, 8 are puts, totaling $418,013, and 14 are calls, amounting to $778,785.
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 $45.0 to $100.0 for PayPal Holdings over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $45.0 to $100.0 in the last 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 | 01/16/26 | $9.55 | $9.5 | $9.55 | $95.00 | $286.5K | 19.7K | 322 |
| PYPL | PUT | TRADE | BULLISH | 01/16/26 | $17.75 | $16.8 | $17.0 | $90.00 | $170.0K | 214 | 0 |
| PYPL | CALL | TRADE | BULLISH | 01/17/25 | $13.35 | $13.3 | $13.35 | $70.00 | $66.7K | 12.0K | 72 |
| PYPL | PUT | TRADE | BEARISH | 12/20/24 | $5.5 | $5.4 | $5.5 | $80.00 | $55.0K | 1.1K | 51 |
| PYPL | CALL | TRADE | NEUTRAL | 01/17/25 | $35.95 | $35.7 | $35.82 | $45.00 | $53.7K | 485 | 15 |
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.
After a thorough review of the options trading surrounding PayPal Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of PayPal Holdings
- With a volume of 5,588,637, the price of PYPL is up 0.58% at $79.82.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 23 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
