Mixed options sentiment in PayPal (PYPL), with shares down 43c near $45.79. Options volume roughly in line with average with 43k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.45. Implied volatility (IV30) dropped 0.95 near 31.07,and below the 52wk median, suggesting an expected daily move of $0.90. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at Macquarie.
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Read More on PYPL:
- PayPal Stock (PYPL) Downgraded as FCA Launches Probe Into U.K. Wallet Growth
- PayPal Stock Forecast: Analysts See Cautious, Trending Hold
- PayPal downgraded to Neutral from Outperform at Macquarie
- PayPal, Mastercard, Visa under investigation by U.K.’s FCA
- PayPal price target lowered to $50 from $52 at Baird