Moderately bullish activity in PayPal (PYPL), with shares down 50c near $43.88. Options volume relatively light with 61k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 0.3 points near 33.4,and below the 52wk median, suggesting an expected daily move of $0.92. Put-call skew flattened, suggesting a modestly bullish tone.
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