PayPal Oct 18 $80 Calls Sweep (45) Near The Ask: 2399 @ $1.701 Vs 9346 OI; Earnings 10/30 After Close [est] Ref=$78.525
Portfolio Pulse from Benzinga Newsdesk
A significant options activity was observed for PayPal, with a sweep of 2,399 October 18 $80 call options near the ask price of $1.701, compared to an open interest of 9,346. This comes ahead of PayPal's earnings report on October 30.
September 24, 2024 | 3:49 pm
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PayPal experienced a notable options activity with a sweep of 2,399 October 18 $80 call options, indicating potential bullish sentiment ahead of its earnings report on October 30.
The sweep of 2,399 call options near the ask price suggests that investors are betting on a rise in PayPal's stock price, possibly due to positive expectations for the upcoming earnings report. This activity indicates a bullish sentiment in the short term.
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