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Mixed options sentiment in PayPal with shares up 2.73%

Mixed options sentiment in PayPal (PYPL), with shares up $1.23, or 2.73%, near $46.09. Options volume roughly in line with average with 17k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.58. Implied volatility (IV30) dropped 1.47 near 51.44, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.49. Put-call skew steepened, indicating increased demand for downside protection.

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