Moderately bullish activity in PayPal with shares up 1.35%

Moderately bullish activity in PayPal (PYPL), with shares up 67c, or 1.35%, near $50.42. Options volume roughly in line with average with 61k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 0.4 points near 49.0,in the top quartile of the past year, suggesting an expected daily move of $1.56. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: PayPal (PYPL) will report earnings before the open on 2026-05-05.Option markets are pricing in a 50% probability of a move greater than 7.15% or $3.61.