What the Options Market Tells Us About PayPal Holdings
Portfolio Pulse from Benzinga Insights
The options market indicates a bearish sentiment towards PayPal Holdings (NASDAQ:PYPL), with 60% of big-money traders taking a bearish stance. Uncommon options trades were detected, with a focus on a price range of $70 to $95. The stock is currently trading at $81.07, up by 0.63%, and may be approaching overbought territory. Earnings are expected in 7 days.
October 22, 2024 | 4:16 pm
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The options market shows a bearish sentiment towards PayPal Holdings, with 60% of big-money traders taking a bearish stance. The stock is currently trading at $81.07, up by 0.63%, and may be approaching overbought territory. Earnings are expected in 7 days.
The detection of 15 uncommon options trades with a 60% bearish sentiment suggests that investors expect a potential decline in PayPal's stock price. The current trading price of $81.07, along with RSI readings indicating a possible overbought condition, supports this bearish outlook. The upcoming earnings release in 7 days adds to the uncertainty, potentially impacting short-term price movements.
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