Looking At PayPal Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A recent analysis of PayPal Holdings' (NASDAQ:PYPL) unusual options activity reveals a bearish stance by a whale investor. Of the 12 strange trades detected, 41% were bullish and 58% were bearish. The total trade amounts were $541,980 for puts and $563,901 for calls. Whales have been targeting a price range of $50.0 to $72.5 for PayPal over the last 3 months.
June 06, 2023 | 3:16 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL) with 58% of unusual options activity being bearish. Whales have been targeting a price range of $50.0 to $72.5 for PayPal over the last 3 months.
The bearish stance taken by a whale investor 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 58% of the unusual options activity is bearish suggests that there is a higher probability of the stock price going down. Additionally, the targeted price range of $50.0 to $72.5 by whales over the last 3 months further supports the potential negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100