Looking At PayPal Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 68% of detected unusual options activity being bearish. Whales have been targeting a price range of $62 to $100 for PayPal over the last 3 months. The stock is currently up 1.53% at $64.02, with RSI indicators suggesting it may be approaching oversold.
June 02, 2023 | 3:02 pm
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NEGATIVE IMPACT
A whale has taken a bearish stance on PayPal Holdings, with 68% of detected unusual options activity being bearish. The stock is currently up 1.53% at $64.02.
The bearish stance taken by a whale with a significant amount of money to spend indicates a potential negative impact on PayPal's stock price in the short term. The fact that 68% of the unusual options activity is bearish suggests that there is a higher probability of the stock price going down. Additionally, the stock is currently up 1.53% at $64.02, which may attract more bearish investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100