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Moderately bullish activity in PayPal with shares up 0.14%

Moderately bullish activity in PayPal (PYPL), with shares up 7c, or 0.14%, near $50.51. Options volume roughly in line with average with 61k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 1.3 points near 49.83,in the top quartile of the past year, suggesting an expected daily move of $1.59. Put-call skew steepened, indicating increased demand for downside protection.

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