Looking At PayPal Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in PayPal Holdings (NASDAQ:PYPL) indicates a predominantly bearish sentiment among big-money traders, with a split of 31% bullish and 68% bearish. Benzinga's options scanner revealed 32 uncommon trades, including 8 puts and 24 calls, targeting a price range of $37.5 to $100.0 for PYPL over the last 3 months. The most significant options spotted include a bullish call with a strike price of $60.00 expiring on 01/16/26, among others. PayPal, known for its electronic payment solutions and owning Venmo, saw its stock price decrease by -0.9%, with a current price of $58.1.
February 21, 2024 | 5:16 pm
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NEGATIVE IMPACT
PayPal Holdings experienced unusual options activity with a bearish sentiment predominating. Significant trades and a current stock price decrease of -0.9% to $58.1 were noted.
The unusual options activity, especially the bearish sentiment among big-money traders, suggests a lack of confidence in PYPL's short-term price movement. The detailed options trades and the current slight decrease in stock price reinforce this perspective. However, the presence of some bullish trades indicates mixed opinions, which could lead to increased volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100