Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Check Out What Whales Are Doing With PYPL

A whale with a lot of money to spend has taken a noticeably bearish stance on PayPal Holdings.

Looking at options history for PayPal Holdings (NASDAQ:PYPL) we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $290,940 and 7, calls, for a total amount of $223,112.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $240.0 for PayPal Holdings over the last 3 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 $70.0 to $240.0 in the last 30 days.

PayPal Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PYPL PUT TRADE NEUTRAL 01/20/23 $240.00 $121.4K 1.0K 8
PYPL PUT TRADE BULLISH 08/19/22 $85.00 $73.5K 1.4K 124
PYPL PUT TRADE BULLISH 01/20/23 $77.50 $63.0K 1.3K 75
PYPL CALL SWEEP BEARISH 07/15/22 $85.00 $39.9K 27.5K 0
PYPL CALL TRADE BULLISH 06/17/22 $85.00 $38.2K 11.1K 115

Where Is PayPal Holdings Standing Right Now?

  • With a volume of 2,587,479, the price of PYPL is up 0.29% at $88.85.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 49 days.

What The Experts Say On PayPal Holdings:

  • Morgan Stanley has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $129.
  • Morgan Stanley has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $137.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.