Mixed options sentiment in PayPal with shares up 0.21%

Mixed options sentiment in PayPal (PYPL), with shares up 10c, or 0.21%, near $49.67. Options volume running well above average with 88k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.1 near 51.82, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.62. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Mizuho.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.