Mixed options sentiment in PayPal with shares down 3.38%

Mixed options sentiment in PayPal (PYPL), with shares down $2.21 near $63.12. Options volume roughly in line with average with 198k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.42. Implied volatility (IV30) dropped 0.66 near 35.66,and above the 52wk median, suggesting an expected daily move of $1.42. Put-call skew steepened, indicating increased demand for downside protection.