Moderately bullish activity in PayPal with shares up 0.83%

Moderately bullish activity in PayPal (PYPL), with shares up 50c, or 0.83%, near $60.30. Options volume roughly in line with average with 52k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.1 points near 29.37,in the bottom quartile of the past year, suggesting an expected daily move of $1.12. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underweight at Morgan Stanley.