Mixed options sentiment in PayPal with shares down 0.29%

Mixed options sentiment in PayPal (PYPL), with shares down 14c near $46.88. Options volume running well above average with 215k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.52. Implied volatility (IV30) dropped 9.44 near 45.94,in the top quartile of the past year, suggesting an expected daily move of $1.36. Put-call skew steepened, indicating increased demand for downside protection.