Deep-pocketed investors have adopted a bearish approach towards PayPal Holdings (NASDAQ:PYPL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PYPL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 47 extraordinary options activities for PayPal Holdings. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 38% leaning bullish and 44% bearish. Among these notable options, 34 are puts, totaling $2,827,725, and 13 are calls, amounting to $682,304.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $27.5 and $100.0 for PayPal Holdings, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in PayPal Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to PayPal Holdings's substantial trades, within a strike price spectrum from $27.5 to $100.0 over the preceding 30 days.

PayPal Holdings Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
PYPL	PUT	SWEEP	BULLISH	02/06/26	$5.6	$5.55	$5.6	$48.00	$278.9K	10.3K	811
PYPL	PUT	SWEEP	BEARISH	02/06/26	$7.5	$7.35	$7.5	$50.00	$212.2K	22.0K	887
PYPL	PUT	SWEEP	BULLISH	07/17/26	$17.4	$17.3	$17.4	$60.00	$196.6K	728	126
PYPL	CALL	TRADE	BEARISH	12/15/28	$22.85	$20.6	$20.6	$27.50	$164.8K	11	325
PYPL	PUT	TRADE	BEARISH	03/20/26	$17.45	$16.9	$17.25	$60.00	$163.8K	9.6K	333

About PayPal Holdings

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.

After a thorough review of the options trading surrounding PayPal Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of PayPal Holdings

• Trading volume stands at 59,498,933, with PYPL's price down by -18.21%, positioned at $42.8.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 0 days.

What Analysts Are Saying About PayPal Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $69.0.

• Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for PayPal Holdings, targeting a price of $90.
• Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for PayPal Holdings, targeting a price of $60.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on PayPal Holdings with a target price of $74.
• An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $60.
• Reflecting concerns, an analyst from Daiwa Capital lowers its rating to Neutral with a new price target of $61.

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.