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A large tranche of out-of-the-money (OTM) call options in PayPal Holdings (PYPL) stock traded today. This highlights the underlying bullish sentiment on PYPL stock. For one, the stock could benefit from higher expected revenue and free cash flow in Q4.
PYPL was at $89.70 in morning trading on Wednesday, Jan. 15, up from $77.25 on Nov. 1 (+16.1 %), just after its Q3 earnings release on Oct. 29. This is off from its recent peak of $91.30 on Dec. 16.