Benzinga | Jan 6, 2022 02:14PM EST

This Is What Whales Are Betting On PayPal Holdings

Someone with a lot of money to spend has taken a bullish 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 20 uncommon options trades for PayPal Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $222,084, and 14 are calls, for a total amount of $683,512.

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 $100.0 to $270.0 for PayPal Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $100.0 to $270.0 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 BULLISH 01/20/ $190.00 $82.1K 5.0K 340 23PYPL CALL TRADE BEARISH 01/19/ $210.00 $69.3K 1.9K 21 24PYPL CALL TRADE BEARISH 01/20/ $260.00 $64.0K 3.2K 300 23PYPL CALL SWEEP BULLISH 01/21/ $192.50 $57.5K 990 606 22PYPL CALL TRADE BULLISH 01/20/ $150.00 $55.5K 2.3K 41 23

Where Is PayPal Holdings Standing Right Now?

* With a volume of 9,490,015, the price of PYPL is up 3.68% at $194.05.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 27 days.

What The Experts Say On PayPal Holdings:

* Mizuho has decided to maintain their Buy rating on PayPal Holdings, which currently sits at a price target of $225.

* BMO Capital upgraded its action to Outperform with a price target of $224

* Wedbush has decided to maintain their Outperform rating on PayPal Holdings, which currently sits at a price target of $220.

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.