Benzinga | Nov 15, 2021 12:25PM EST

PayPal Holdings Whale Trades For November 15

Someone with a lot of money to spend has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PYPL, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 27 uncommon options trades for PayPal Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 48.15% bullish and 51.85%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $122,830, and 25 are calls, for a total amount of $1,147,649.

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 $170.0 to $250.0 for PayPal Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PayPal Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PayPal Holdings's whale trades within a strike price range from $170.0 to $250.0 in the last 30 days.

PayPal Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestPYPL CALL SWEEP BEARISH 01/21/ $230.00 $141.1K 10.9K 2.2K 22PYPL CALL TRADE BEARISH 11/26/ $200.00 $94.4K 3.1K 1.1K 21PYPL CALL SWEEP BEARISH 12/03/ $220.00 $81.0K 2.6K 1.6K 21PYPL PUT SWEEP BULLISH 01/21/ $240.00 $73.4K 9.4K 66 22PYPL CALL TRADE BULLISH 11/26/ $205.00 $67.5K 1.3K 81 21

Where Is PayPal Holdings Standing Right Now?

* With a volume of 10,194,862, the price of PYPL is up 1.62% at $211.68.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 79 days.

What The Experts Say On PayPal Holdings:

* RBC Capital has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $298.0.

* Credit Suisse has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $280.0.

* Keybanc has decided to maintain their Overweight rating on PayPal Holdings, which currently sits at a price target of $325.0.

* SMBC Nikko downgraded its action to Underperform with a price target of $200.0

* SMBC Nikko has decided to maintain their Underperform rating on PayPal Holdings, which currently sits at a price target of $190.0.

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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.