PayPal traders bet $2M on puts vs $1M calls - here's why smart money is hedging
Key Points
- PayPal's options activity shows confusion with $2 million in...
PayPal's options activity is looking more lopsided than a seesaw with an elephant on one end. Traders just dumped nearly $2 million into put options while only $1 million went to calls, creating a betting pattern that screams "we have no idea what's coming next."
The numbers tell a story of magnificent confusion: 38% of traders are bullish, 36% are bearish, and presumably the remaining 26% are staring at their screens wondering if they accidentally opened their horoscope app instead of their trading platform. With PayPal sitting at $69.82, the options crowd is betting on price swings anywhere...
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