Mixed options sentiment in PayPal with shares up 1.78%

Mixed options sentiment in PayPal (PYPL), with shares up 88c, or 1.78%, near $50.70. Options volume more than double the daily average with 211k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.54. Implied volatility (IV30) dropped 0.4 near 52.32, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.67. 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.