Mixed options sentiment in PayPal (PYPL), with shares down 84c near $69.00. Options volume running well above average with 232k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.31. Implied volatility (IV30) dropped 1.48 near 52.96, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.30. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Sell at Goldman Sachs.Looking ahead: PayPal (PYPL) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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