Struggling Paypal Stock Popular Among Options Bulls

Year-over-year, PYPL has shed more than 61%

Digital Content Manager
Feb 14, 2022 at 2:51 PM
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Paypal Holdings Inc (NASDAQ:PYPL) is down 1.3% to trade at $113.84 at last check. The last time we checked in with the security, it was sinking after the company issued a poor current-quarter forecast. The equity has since moved lower, hitting a fresh two-year low of $113 earlier today, with the 20-day moving average rejecting a rally attempt earlier this month before sending the stock even lower. Year-over-year, PYPL has shed 61.5%. 

PYPL 20 Day

In addition, Paypal stock just made it to Schaeffer's Senior Quantitative Analyst Rocky White's list of names that have attracted the most weekly options volume in the last two weeks. Digging deeper, 2,404,574 calls and 1,314,345 puts have been exchanged. The most popular contract during that two-week period was the weekly 2/11 130-strike call, followed by the 2/11 125-strike call. 

 MAO 214

Analysts remain optimistic towards Paypal stock, with 22 of the 28 in question carrying a "buy" or better rating. What's more, the 12-month consensus target price of $187.25 is a 64.5% premium to current levels.

It's also worth noting the security's Schaeffer's Volatility Scorecard (SVS) sits at 92 out of a possible 100. This suggests that PYPL has exceeded options traders' volatility expectations over the past year. 


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