Moderately bullish activity in PayPal with shares up 0.48%

Moderately bullish activity in PayPal (PYPL), with shares up 36c, or 0.48%, near $74.97. Options volume relatively light with 14k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.1 points near 28.01,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.32. Put-call skew flattened, suggesting a modestly bullish tone.