A whale with a lot of money to spend has taken a noticeably bullish stance on PayPal Holdings.
Looking at options history for PayPal Holdings (NASDAQ:PYPL) we detected 19 strange trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $216,593 and 14, calls, for a total amount of $830,201.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $250.0 for PayPal Holdings over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for PayPal Holdings options trades today is 1899.06 with a total volume of 4,684.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PayPal Holdings's big money trades within a strike price range of $145.0 to $250.0 over the last 30 days.
PayPal Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PYPL | CALL | SWEEP | BEARISH | 02/18/22 | $165.00 | $192.1K | 1.3K | 271 |
| PYPL | CALL | SWEEP | NEUTRAL | 02/18/22 | $170.00 | $103.5K | 11.2K | 165 |
| PYPL | CALL | SWEEP | BEARISH | 01/19/24 | $230.00 | $73.8K | 614 | 41 |
| PYPL | PUT | SWEEP | BULLISH | 04/14/22 | $160.00 | $73.0K | 860 | 114 |
| PYPL | CALL | TRADE | BULLISH | 03/18/22 | $165.00 | $64.0K | 1.0K | 171 |
Where Is PayPal Holdings Standing Right Now?
- With a volume of 3,557,774, the price of PYPL is up 3.22% at $168.78.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 1 days.
What The Experts Say On PayPal Holdings:
- Citigroup has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $235.
- Raymond James has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $229.
- BMO Capital upgraded its action to Outperform with a price target of $224
- Jefferies downgraded its action to Hold with a price target of $200
- Keybanc has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $250.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
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