PayPal Holdings Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 53% of detected unusual options trades being bearish. Whales have been targeting a price range of $32.5 to $75.0 for PayPal over the last 3 months.
May 23, 2023 | 6:04 pm
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A whale has taken a bearish stance on PayPal Holdings, with 53% of detected unusual options trades being bearish. Whales have been targeting a price range of $32.5 to $75.0 for PayPal over the last 3 months.
The bearish stance taken by a whale on PayPal Holdings indicates that there is a significant amount of money betting on the stock's decline. This could lead to increased selling pressure and a potential short-term decrease in the stock price. Additionally, the targeted price range of $32.5 to $75.0 suggests that there is uncertainty about the stock's future performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100