Moderately bullish activity in PayPal (PYPL), with shares up 50c, or 1.11%, near $45.12. Options volume more than double the daily average with 88k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 1.5 points near 45.4,in the top quartile of the past year, suggesting an expected daily move of $1.29. Put-call skew flattened, suggesting a modestly bullish tone.
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