PayPal Holdings Unusual Options Activity For June 22
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 54% of detected unusual options trades being bearish. The total trade price for 13 puts is $468,217, while 24 calls amount to $1,407,239. Whales have been targeting a price range of $50 to $145 for PayPal over the last 3 months.
June 22, 2023 | 6:38 pm
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A whale has taken a bearish stance on PayPal Holdings, with 54% of detected unusual options trades being bearish. Whales have been targeting a price range of $50 to $145 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 price going down. This could lead to increased selling pressure and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100