PayPal Holdings Unusual Options Activity For September 08
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for PayPal Holdings (NASDAQ:PYPL), with a bearish stance being taken by a majority of investors. Of the 29 strange trades detected, 68% were bearish and 31% were bullish. The trades included 10 puts and 19 calls, with a total amount of $613,121 and $822,228 respectively. The price range targeted by whales over the last 3 months is from $59.0 to $290.0. JP Morgan has maintained their Overweight rating on PayPal Holdings, with a price target of $100.
September 08, 2023 | 7:45 pm
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PayPal Holdings has seen significant unusual options activity, with a majority of investors taking a bearish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a majority of investors, indicates a potential downward pressure on PayPal's stock price in the short term. This is further supported by the fact that the price of PYPL is currently down by 1.15%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100