Moderately bullish activity in PayPal with shares up 1.13%

Moderately bullish activity in PayPal (PYPL), with shares up 86c, or 1.13%, near $76.86. Options volume more than double the daily average with 72k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 0.4 points near 42.39,and above the 52wk median, suggesting an expected daily move of $2.05. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: PayPal (PYPL) will report earnings before the open on 2025-07-29.Option markets are pricing in a 50% probability of a move greater than 7.97% or $6.12.